NFRA – National Financial Reporting Authority

By |2021-11-05T11:57:10+00:00November 5th, 2021|Categories: Accounting|Tags: , , , , , |

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 Authority [...]

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Ind AS 115 : Revenue From Contracts With Customers

By |2021-10-09T05:50:46+00:00September 21st, 2021|Categories: Business|Tags: , , , , , , , , |

Recognition of revenue is the most essential accounting policy which can directly impact the company’s financial performance. Ind AS 115 lays down rules and new requirements for recognition of revenue which can be new or can be different from the already existing revenue recognition standards provided Ind AS 115 Revenue from contracts with customers deals with [...]

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