Accounting is the window of any business firm. With the increased usage of computers in the arena of the Accounting Information System, we can see a drastic change from paper-journals and ledgers to computer-based formats. So to walk along with this drastic change it is necessary to integrate...

Making provision for the peaceful life of future generation is one of the most important duties of every business organisation because it is the corporate citizen of the society running by utilizing the resources available in its surrounding v so it has to contribute in return to the environment...

Business is one of the members of the society because it starts and ends its operation within the society so it has to consider its obligations and responsibility towards the society in which it is established. Business organisations having a special interest in the society along with its...

Income computation and disclosure standard is one of the competent standards which minimizes the divergence between accounting income and tax income. This standard does not require any additional books of accounts to be maintained by the business organizations but only the thing is the manner of...

The main duty of every corporate house is to disclose its business affairs to various stakeholders. Stakeholders are the group of people having direct or indirect interest on the business performance and its positional aspects. To disclose information related to the firm performance and its...

The Corporate Social Responsibility and Sustainable development are interrelated concepts and which creates good reputations to the organisations involved in undertaking such projects voluntarily as well as the part of legal compliance. The companies Act 2013 is provided certain guidelines on...

Intangible Assets are the most important category of assets which help the organization in creating a competitive edge over others. Across the globe, there are several accounting standards, and the treatment of intangible assets varies from one another, and this in turn leads to diversity in the...

Business reporting in India is becoming more transparent and dynamic as it is impacted by regulatory changes and varying information needs of stakeholders. In recent days, Indian companies are increasingly investing their financial and intellectual capital in undertaking, managing, and reporting...

The whole world is experiencing a digital revolution. Everything is becoming digital. We read the newspaper digitally and we do not use cash because we all have debit or credit cards. Likewise, every aspect of life day by day is becoming simpler with the help of digital revolution. But still,...

XBRL is a very dynamic and modern financial reporting language which is being used around the world to communicate the results of operational and financial performance of the business organizations. It ensures accuracy, reliability, timeliness and decision usefulness to various stakeholders. The...