AS 10 Property, Plant, and Equipment prescribes the accounting treatment for properties, P&E (Plant and Equipment) so that financial statement consumers can recognize and appreciate information about any enterprise’s property, P&E investment, as well as understanding changes in such investments. It’s also worth noting that AS 6 – Accounting for Depreciation has been withdrawn, and […]
Incorporate governance, the quality of accounting and auditing is critical. The Central Government established the ‘National Advisory Committee on Accounting Standards’ (NACAS) under Section 210A of the Companies Act of 1956 to advise it on the formulation and laying down of accounting standards and auditing procedures. NACAS will be replaced by the National Financial Reporting […]
The Prime Minister’s Research Fellowship (PMRF) Scheme was introduced in the 2018-19 Budget to increase the quality of research at many of the country’s higher educational institutions. This program aims to attract the brightest research talent by offering attractive fellowships, allowing the vision of development through innovation to be realized.
Candidates will be chosen through a rigorous […]
The Government of India introduced the Ujwal Discom Assurance Yojana Scheme (Ujjwal DISCOM Assurance Yojana) on November 5, 2015, to assist Power Distribution Companies (DISCOMs) owned by any state with the operational and financial turnaround. This program was created with the goal of making electricity affordable and accessible to everyone, 24 hours a day, seven days […]
The rising usage of credit cards has caused a disruption in the lending and credit markets. Many new cards hit the market on a regular basis, each with a unique set of characteristics and benefits. These characteristics and benefits help to classify the cards into various categories. These categories are used to help people choose a […]
Sinking funds are used to pay off a loan or debt in the future. A business that issues debt will have to pay off the debt in the future, and the sinking fund helps ease this burden.
A sinking fund is a type of savings account established for the accumulation of capital over time so as to […]
