The auditing in accounting plays a silent yet determinative role in the manner in which Indian businesses enjoy trust, comply with legal responsibilities and report up-to-date truthful financial results. From…
Indian businesses are dealing with daily currency fluctuations, changes in interest rate and price volatility. Exporters charge in dollars in hedge accounting, manufacturers borrow at floating rates and infrastructure companies…
The concept of asset cost spreading can be confusing to many business owners, but is a significant part of day-to-day work with finances. This is where Amortization in Accounting comes…
Many Indian businesses face the problem of how to record fixed asset expenses where this is where the concept of Depreciation in Accounting comes into place. Owners have a tendency…
There are often time lapses between the time of a transaction and when transactions are recorded on the books in Indian businesses. The adjusting entries in accounting help in closing…
The CVP Analysis is useful to businesses to understand the relationship between Costs, Sales volume, and Profits. From little retailers to big manufacturers are using it to know about how…
Running a business means dealing with numbers. Lots of them. But the question most business owners struggle with isn’t complicated, it’s just ignored, but not with profitability analysis. Where does…
Indian businesses take thousands of financial decisions every year. These decisions require clarity, structure and consistent timetables. The Accounting Period Concept provides for that stability. It accounts financial activities in…
The understanding of Liabilities in Accounting is crucial for every one business in India whether trading set up, manufacturing set up or service enterprise set up in India. Every liability…
Year-end brings some tough pressure on finance teams and one aspect requiring careful attention is Fixed Assets Accounting Entries. Many Indian businesses have a rush towards closing their work and…
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