In the world of business and finance, transparency and reliability of financial information are crucial for the decision-making process of investors, regulators, creditors, and other […]
Accounting Standard
Latest Changes in SMC Classification and Accounting Standards under MCA Rules
The Ministry of Corporate Affairs (MCA), in collaboration with the National Financial Reporting Authority (NFRA), has notified the Companies (Accounting Standard) Rules, 2021. These rules […]
Understanding Accounting Standards: Definition and Scope
Accounting Standards are written statements issued by recognized regulatory or professional bodies that contain a set of principles, policies, and guidelines to be consistently followed […]
Understanding Accounting Standards: Meaning and Purpose
Accounting Standards are selected sets of accounting policies or broad guidelines regarding the principles and methods to be chosen from several alternatives when dealing with […]