OUR LATEST BLOGS

March 31, 2022

What Is Management Accounting? Definition, Objectives, Functions & Types Explained

1. Introduction Every successful business depends on accurate information to make informed decisions. Whether it is a startup, a growing company, or a multinational corporation, managers need insights into costs, revenues, profits, and operational performance. This is where management accounting becomes essential. Management accounting helps organizations collect, analyze, and interpret financial and operational information to support planning, budgeting, cost control, […]

General
March 30, 2022

Computerised Accounting

A computerised accounting system is an accounting information system that processes financial transactions and events as per Generally Accepted Accounting Principles (GAAP) to produce reports as per user requirements. The features of computerised accounting software are: The following are some principal advantages of computerised accounting: The following are some significant disadvantages of computerised accounting. Modern computerised accounting systems are based […]

General
March 30, 2022

Artificial Intelligence: Need Of The Hour

ARTIFICIAL INTELLIGENCE: NEED OF THE HOUR THE PHASE IS OF ARTIFICIAL INTELLIGENCE AUDITORS, IT’S HIGH TIME TO ENVISAGE Its RELEVANCE LET’S APPLY THIS CONCEPT TO CONDUCT AUDIT WITH THE DUE DILIGENCE Over a last few years, there has been a tremendous increase in the no of organizations: small or large, domestic or MNCs. With the operation & processes going countless, it […]

General
March 29, 2022

Why Startups Need Accounting?

“Behind every good company is a great accountant.” Entrepreneurs must often learn and perform a number of business activities while starting a business. Accounting is a crucial business function to use when establishing a small firm. Despite the fact that many entrepreneurs are afraid of sifting through countless stacks of financial records, accounting frequently delivers the clearest picture of a […]

General
March 5, 2022

Direct Tax Alert

Union Budget 2022-23 Highlights Updated Income Tax Return: Sub-section (8A) has proposed to be inserted into section 139 to provide an additional 2 years to a taxpayer to update his return. Updated returns can be filed irrespective of the fact whether the taxpayer has earlier filed the original, revised or belated return in respect of the relevant assessment year. However, […]

Direct Tax
March 5, 2022

Finance News Alert

Bharti Airtel to buy Vodafone’s equity stake in Indus Tower: Telecom operator Bharti Airtel Ltd has agreed to buy Vodafone Group’s 4.7% stake in India’s largest cell tower firm Indus Towers Ltd. Vodafone Group is looking to sell its entire stake in Indus Towers Ltd. Currently, Vodafone holds about 28% in Indus Towers while that of Bharti Airtel is close […]

Corporate Finance
March 4, 2022

GST Calendar –Compliances for the month of February’2022

Nature of Compliances Due Date GSTR-7 (Tax Deducted at Source ‘TDS’) March 10,2022 GSTR-8 (Tax Collected at Source ‘TCS’) March 10,2022 GSTR-1 March 11,2022 IFF- Invoice furnishing facility (Availing QRMP) March 13,2022 GSTR-6 Input Service Distributor March 13,2022 GSTR-2B (Auto Generated Statement) March 14,2022 GSTR-3B March 20,2022 GSTR-5 (Non-Resident Taxable Person) March 20,2022 GSTR-5A (OIDAR Service Provider) March 20,2022 PMT-06 […]

GST
March 3, 2022

Auditor’s Responsibility to Evaluate the Risk of Material Misstatement (ROMM)

SA 315, Identifying and Assessing the Risks of Material Misstatement through understanding the entity and its environment deals with the auditor’s responsibility to identify and assess the risk of material misstatement in the financial statements, through understanding the entity and its environment. A risk assessment procedure is performed for the identification and assessment of risks of material misstatement at the financial statement […]

General
March 3, 2022

CLOUD GOVERNANCE & SECURITY

“Data is the new oil.” Being such a huge resource, it is important to protect it and also to keep it accessible, confidential and well-maintained. One such method of ensuring this is to maintain the data on the cloud. So, this shall be an appropriate time to ask ourselves how much are we aware of this new and emerging technique […]

General

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