Is GAAP a Cash or Accrual-based System?
The GAAP stands for generally accepted accounting principles, and it has its roots in the USA. The GAAP followed by different countries has no uniformity in recording the operations, apart from name uniformity. The financial accounting standards Board issued rules as general principles, standards and procedures. Public companies in the USA follow the rules set […]
CA’s New Syllabus starts in July Month
The long-held question about the syllabus introduction from ICAI ends by this July. The new syllabus has many attributes. The changes are with the subjects, number of subjects, article ship training period and collaborations. In a gathering, the ICAI president Aniket Talati said that the CA course will prepare chartered accountants for the global market. […]
Which accounting qualifications are valued in UAE?
Accounting professionals work in foreign countries after completing the globally accepted qualifications. Some countries value the Indian accounting qualification. The oil and gas industry, construction industry, real estate industry, residential and commercial real estate market, tourism industry, logistics industry, e-commerce sector, financial services industry, retail industry, and healthcare industry are the top industries in UAE. […]
Free CA and CS Coaching for Reserved Students in Rajasthan
In Rajasthan, there are nine universities and two hundred and fifty colleges. There are fifty-five thousand primary schools and seven thousand four hundred secondary schools. Ajer, Jaipur, Bikaner, Kota, Jodhpur, and Udaipur are the educational hubs in the state. Jodhpur has institutions like IIT, AIIM and Law University. In 2005, the government of Rajasthan announced […]
How do accounting ratios help small businesses?
Cost accountants work in manufacturing units and management consultancies. Cost accountants take care of journal entries, monthly accounts process, quarterly accounts reports, do inventory analysis, increase the cash flow, calculate the depreciation, generate PPV reports, review the general ledger, analyse the cost of raw materials, control overheads and do a cost-benefit analysis. The skills of […]
CSR activities of Hindustan Coca-Cola Company
The CSR expenses are eligible for claiming tax exemption. The CSR activities are in section 37(1) of the income tax act. The assessed is a domestic company with production units and distribution channels for aerated and non-aerated beverages. The assessed is criticised for six types of issues. The first issue is the disallowance of fees, […]
ICAI Issues a Guide on Reporting Audit Trail
Companies use accounting software to check the audit. The software records the data, and it is essential to document the timely changes made to the data. The audit trail is for companies with software backup. Previously it is said by MCA that in a small business, where the accounting and other data are maintained manually […]
Coaching Skills for a CA and CMA Teacher
RR Academy provides online and offline coaching for CA, CMA and ACS courses. Teaching is a noble profession. The teaching profession requires experience and the right approach to understand the students. All the students with professional qualifications do not prefer to become a professional. Only candidates with interest become faculty. Professional courses require skill-based and […]
Delhi high court differentiated the usage of the term ICAI
The abbreviation ICAI is the common term for chartered accountants and cost accountants. The expansion sounds like the Institute of chartered accountants of India for CA. The expansion is the Institute of cost accountants of India for cost accountants. It is mentioned as ICMAI on the website. The ICAI trademark is leading to confusion. Public […]
A milestone in the CA foundation
Performance at the school level gets more appreciation than performance at the university level. The school toppers and state-level toppers become the centre of attraction. College toppers and university toppers are not in the limelight. In professional education, the all-India rank is to encourage the students. At the foundation level, students struggled a lot to […]
