Difference between accounting standards and principles
Accounting principles are rule-based understanding that aids in recording financial transactions, reporting financial results and valuing assets and liabilities. The accounting principles support the mission of GAAP. Accounting principles are essential for comparing the financial statements. Entity, consistency, measurement, period, objectivity, full disclosure, materiality, and prudence are examples of accounting principles. Accounting principles are the […]
NFRA review about big five firms
NFRA emphasise the separation of audit and non-audit services. The independence of audit services comes from creating awareness. NRFA chairperson spoke to the media that the second inspection showed improvement in the Big Five firms. The fixing of the audit-related issues and maintaining the standards improves the client relationship. The blog throws light on the […]
Career graph of CA, CMA and ACS professionals
CA, CMA, and ACS professionals work in the following places: Big Four firms, Big Five firms, Big Six firms, MNC companies, software companies, healthcare sector, MSME sector, listed companies, private companies and government sector. The roles and responsibilities are different in each domain. The blog intrigues the readers with information on the career path of […]
ICMAI changes the Headquarters
ICMAI is the professional institute formed by the act of parliament. The institute has its headquarters in Calcutta. The president of ICMAI Ashwin G. Dalwadi, officially informed the change of the location of the headquarters. The Institute is in the process of shifting its headquarters to Delhi. The 349th meeting of ICMAI was held on […]
How far CMA are fit for a financial reporting job?
The corporate lay-off news shows that the IT sector is losing value. In this scenario, B.com graduates find it a nightmare to get a job. Professionals with high qualifications fit them in multiple positions. The blog intrigues the readers with interesting information on the current scenario in the IT sector and opportunities for B.com and […]
ICMAI signed an MOU with IIM Ahmedabad
CMA Ashwin G. Dalwadi, the president of ICMAI, opened in a statement to the media that the regional councils and various chapters are joining together to organize the Viksit Bharat 2047 program. The program happens from the 27th to the 29th of June 2024. The meeting of expert minds facilitates the exchange of innovative and […]
2024 Self-paced examination from ICAI
On 4, June 2024, the official website of ICAI announced the SPMT examination. Self-paced examination promotes flexible and continuous learning habits for the students. The students should complete the target of 40 learning hours. The self-paced examination helps the students to gain deep knowledge in the related subjects. In the CA course, the students travel […]
SEBI and RBI Jobs
Reserve Bank of India was formed on 1, April 1935. Initially, the office operated in Kolkata and then moved to Mumbai. RBI moved to Mumbai in 1937. The Government of India constituted SEBI on 12, April 1988. It is a non-statutory body regulating the securities and commodities market in India. SEBI believe in educating investors […]
Difference between accounts, finance and audit jobs?
Accountancy and auditing are from the same roots but smell different. Finance also has the same foundation, but the skill set of the student learning finance is different. Students learning accountancy have scope in CPA, ACCA, Indian CA, and ACA. Students learning finance have an interest in CFA, CPRM, CTP, CF, CQF, and CVA. Accountancy […]
How do professionals survive and thrive in the current layoff corporate culture?
The year 2024 shows a rise in the layoff of technical employees. Around 32,000 employees lost their jobs due to the ongoing transformation. Artificial intelligence and automation are not the future. But AI is ruling the present in the dialogue of tech-savvy professionals. Advancement is the prime reason behind the technical job layoffs. The customer […]
