Explore how clean surplus accounting exposes hidden income statement items, impacts net income, and its significance for ...

Over 21 lakh taxpayers have updated their income tax returns during the current fiscal and paid Rs 2,500 crore in taxes.

Tesla's stock-based compensation has surged by more than tenfold in the past 10 years to $2.45 billion TTM. Click here to ...

Revenue and income are also prominent fixtures in tax forms filed with the IRS, as well as in company strategies for ...

The Financial Accounting Standards Board released an accounting standards update to improve its codification of standards on different topics.

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...

Explore the key differences between successful-efforts and full-cost accounting methods for oil and gas companies, including their impact on expenses and financial transparency.

The accounting cycle tracks a transaction until it's added to your company's financial statement. Follow this eight-step ...

This explains when investment values must be written down under AS 13 and Ind AS, and why recognising impairment is essential for accurate financial ...

As part of the government’s reform agenda, the Auditor General of Pakistan (AGP) has initiated the process of preparing new accounting standards on an accrual basis in accordance with the ...

Richard Roman Shum, Esq., a leading attorney at The Law Office of Richard Roman Shum ( presents a focused initiative on the ...

The Bombay High Court has stayed the entire income tax demand raised against a state-funded educational trust, holding that the tax authorities erred in bringing gross receipts to tax ...