ITAT Delhi held that interest expense relating to prior period expenditure is allowable since from the financial positions and profitability declared in the financial statement, it shows that it has ...

While expenditures may be qualified investments for the Sec. 48D advanced manufacturing investment credit, related grant ...

Accrual accounting would also capture the much larger savings from avoiding cirrhosis, liver cancer, and other costly complications that typically emerge 20 to 30 years after infection.

Dubai: As part of its continuing campaign to raise awareness of corporate tax among business sectors and taxpayers, the Federal Tax Authority (FTA) held a workshop in Dubai today on ‘Rules for ...

Accrual accounting has the potential to improve governance, internal controls, and risk management within government and in public sector entities. The Cabinet last year approved a major shift in ...

Accrual accounting often makes more sense for small businesses that carry inventory and/or get paid after a service is provided. With this accounting method, you record income as soon as the product ...

If you use the accrual method, note that businesses should adhere to generally accepted accounting principles (GAAP) for auditing or investment purposes. Bottom Line Cash basis accounting can be ...

ICAI ARF’s Role in Reforming Indian Railways The ICAI ARF developed a Transaction-Based Accrual Accounting System that facilitated the transition and the preparation of financial statements for ...

Have you ever wondered how some individuals manage to live comfortably within their means while others struggle to make ends meet, ...