The statements used in financial accounting cover the five main classifications of financial data or financial accounts, which are: Revenues and expenses are accounted for and reported on the income ...

Companies have always faced a major issue of how to reflect changes in accounting methods and error corrections in financial statements. In 2005 FASB issued Statement ...

Accounting is a foundational process for every business, no matter how big or small. Learn what accounting is, why it matters and how to make it work for you. Keeping accurate financial records is the ...

ICAI provides a one-year relaxation for two new Guidance Notes on financial statements for non-corporate entities and LLPs, making their application voluntary for ...

Learn how window dressing in finance manipulates performance reports, its impact on investments, and how to identify this strategy in mutual funds and accounting.

Shajani CPA - Chartered Professional Accountants & Advisors has been honoured with the 2025 Consumer Choice Award in the ...

Today, businesses and professionals recognize the power of accounting software in handling complex financial processes. Some systems offer the basics like sending invoices, tracking payments, and ...

Fraud is a serious concern that can have devastating consequences. With uncertainty about the economy — be it a recession, a soft landing, or something else — there may be no better time than now to ...

Mumbai Police’s Economic Offences Wing (EOW) has so far recorded statements of seven to eight employees of the bank. Ex-CFO ...

A new study finds that auditors of financial statements are less likely to follow up on "red flags" identified by data ...