Digital Transformation Threat to Accountancy Firm
Artificial intelligence is a technology that takes over low-profile jobs. It is understood from the job market that it improves employee experience and analytics. The accounting transactions are in the computer inside a software. In future, experts perceive that artificial intelligence take over the process of accounting transactions. The generic question is whether it is […]
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 […]
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 […]
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 […]
Where can we get the SEBI Grade A exam materials for free?
SEBI is a member of the IOSCO board. SEBI participate in the global securities market. SEBI promotes financial literacy and investor interest. The paper one examination consists of reasoning, English language, quantitative aptitude, and general awareness. Paper two of the first phase consists of core subjects such as commerce, economics, accountancy, management, costing, finance, and […]
Importance of Shareholder Participation in Compliances
Shareholders participate in the management of the listed companies. The Companies act of 2013 and SEBI, a regulatory body, protects the interest of the shareholders. In 2020, Kotak committee recommendations are added to corporate governance. These recommendations led to the participation and rights of shareholders in India. The Insurance regulatory and development authority of India […]
