Category: Accounting

ICAI issues Guidance Note 2023 to standardize "financial statements of non-corporate entities (NCEs)", for comprehensive financial reporting, except LLPs.

ICAI has published the revised 2023 edition of the booklet "Indian Accounting Standards  (IND ASs): An Overview", which summarises different aspects of Ind ASs issued by MCA.

Discover the essential principles of accounting and formats for financial statements of entities in NPO sector with the help of ICAI's Technical Guide.

ICAI has released updated/revised edition of he 'Compendium of Indian Accounting Standards (IND AS) 2023-24', comprising of Volume 1 & Volume 2.

Road Map for implementation of Indian Accounting Standards (Ind AS) for Banks, Insurance Companies, NBFCs and Other Corporates/Companies with implementation schedule.

ICAI has announced that forensic accounting and investigation standards will become mandatory from July 1, 2023. Find out what this means for businesses and organizations.

Learn everything about accounts receivable in India, including its definition, importance, calculation, and best practices for effective management. Introduction Accounts receivable (AR) is an essential aspect of any business’s …

Learn what accounts payable is, its importance, and how it works in the Indian context. Get practical tips for effective AP management and streamline your business operations.

Government accounting in India follows cash basis of accounting. Government Accounting Standards Advisory Board (GASAB) constituted by the Comptroller and Auditor General of India with support of Government of …

For the benefit of Members and other stakeholders, the ICAI has published a revised checklist on the disclosure requirements prescribed by accounting standards (AS) 1 to 29 (October 2022 …