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Respected members

On the basis of the inputs received from all of you through the outreach programs to simplify accounting standards, the Accounting standard board of ICAI has “significantly simplified the accounting standards applicability criteria for Micro and small size non-company entities”.

This marks a new era for ease of compliance for chartered accountants serving the micro and small non-company entities.

Click the link below to access the detailed announcement:

Announcement

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As part of Growing together series CA Parivaar under the mentorship of CA. (Dr.) Sanjeev Kumar Singhal has started a new series –“Gist of commonly observed errors in financial reporting” Every week we are giving gist of 7 cases and their observation as enclosed in the attached file. These are serially numbered. The idea is to help you avoid common errors from financial reporting point of view.

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Gist of commonly observed errors in financial reporting

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I Support Singhal Sanjeev Kumar(0)

As part of Growing together series CA Parivaar under the mentorship of CA. (Dr.) Sanjeev Kumar Singhal has started a new series –“Gist of commonly observed errors in financial reporting” Every week we are giving gist of 7 cases and their observation as enclosed in the attached file. These are serially numbered. The idea is to help you avoid common errors from financial reporting point of view.

Keep Learning

Gist of commonly observed errors in financial reporting

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ICAI issued revised guidance note on accounting by E-commerce entities which deals with accounting by ecommerce entities in respect of certain issues relating to revenue and expense recognition. The revised guidance note aims at providing guidance on various accounting issues unique to e-commerce.

This Guidance Note applies to companies preparing financial statements under Companies (Accounting Standard) Rules 2006, as amended under Section 133 of the Companies Act, 2013. It also applies to entities such as LLPs, Partnership firms.

Guidance note

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SRSB has issued Annual report 2020-21 of SRSB which contains various initiatives and activities undertaken by the board during council year 2020-21. Key initiatives are:

  • Online Certificate Course on Business Responsibility and Sustainability Reporting (BRSR)
  • Corporate film on “Simple Steps to make our Planet Sustainable”
  • Standard on Assurance Engagements (SAE) 3410 “Assurance Engagements on Greenhouse Gas Statements”
  • Background Material on Business Responsibility and Sustainability Reporting (BRSR)
  • Live Global Webinars

Click the link below to access the Annual Report:

SRSB Annual Report – 2020-21

0 Supporters
I Support Singhal Sanjeev Kumar(0)

As part of Growing together series CA Parivaar under the mentorship of CA. (Dr.) Sanjeev Kumar Singhal has started a new series –“Gist of commonly observed errors in financial reporting” Every week we are giving gist of 7 cases and their observation as enclosed in the attached file. These are serially numbered. The idea is to help you avoid common errors from financial reporting point of view.

Keep Learning

Gist of commonly observed errors in financial reporting

0 Supporters
I Support Singhal Sanjeev Kumar(0)