Accounting

Brand impairment testing and compliance with mandatory Ind AS disclosures. The shifting from IGAAP to Ind AS has resulted in change in accounting for intangible assets, particularly for 'Brand'. Earlier accounting standard on intangible…

Accounting is a complex discipline in which accuracy and clear analytical thinking play essential roles. Writing a thesis paper dedicated to this subject may seem a very challenging assignment. Significant loads of information and complex…

Relative Valuation is an approach where an asset is valued not based on of its fundamentals (cash-flows, growth, and risk) but on the basis of what other people are paying for assets just like it. Hence, it is also called "pricing". It is…

If you own a business or you are holding an important portfolio in a business organisation, you ought to know the importance of bookkeeping. Bookkeeping is an essential aspect of every business that can make or break the business. A badly…

Accountancy as a profession has always garnered a lot of popularity among students across the world. There are several accountancy regulatory bodies globally that award certifications to students or qualified accountants for enhancing…

Earnings Per Share (EPS) Definition - The portion of a company’s profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company’s profitability. Calculated using Eps=(Net income –…

Ind AS 27, Separate Financial Statements: The objective of Ind AS 27 is to prescribe the accounting and disclosure requirements for investments in subsidiaries, joint ventures and associates when an entity prepares separate financial…

Ind AS 111, Joint Arrangements: The objective of Ind AS 111 is to establish principles for financial reporting by entities that have an interest in arrangements that are controlled jointly (i .e., joint arrangements). The Standard…

Ind AS 18, Revenue: The primary issue in accounting for revenue is determining when to recognise revenue. Revenue is recognised when it is probable that future economic benefits will flow to the entity and these…

Ind AS 11, Construction Contracts: Ind AS 11 prescribes the accounting treatment of revenue and costs associated with construction contracts. Because of the nature of the activity undertaken in construction contracts, the date at…

Accounting Treatment of KKC (Krishi Kalyan Cess). Check Accounting Entries for Krishi Kalyan Cess. Check Journal Entries and Adjustments related to KKC (Krishi Kalyan Cess). In this article we provide complete details for Accounting…

Accounting Entries for Service Tax, VAT and TDS . Big organizations are involved in number of transactions happening everyday. These transactions must be recorded in efficient manner since they effect the business results in the…