Blog

2018

FINANCIAL ACCOUNTING

Accounting by nature is a task beyond menial recording of numbers and figures. Our previous articles have explained in depth, the relevance of accounting for businesses and individuals in the day-to-day management of financial resources. In this blog, our goal is to dive deeper into the branches of accounting —financial and management accounting, their definition and fundamental differences to broaden our readers’ understanding and career options.

Both financial and management accounting offer businesses the insights needed for decision-making and maximizing profitability. However, they have vast differences in the way the activities are carried and the parties that are involved in those operations.

Archive


2018

An Accountants JobDescription Roles and Scope

DO ACCOUNTANTS JUST COMPUTE NUMBERS ? NO.

READ BELOW TO FIND OUT MORE

For most people, the tax season and year-end is most dreaded period that can only be dealt with the help of an auditor or an accountant to unravel puzzles related to one’s financial health and overall tax liability. In layman terms, it is the only time period when accounting and auditing team becomes extremely important and is sought to do their magic with numbers in receipts and bills!

2018

Financial Reporting Requirementsfor Companies 1

Every company registered under Companies Act, 2013 has to comply with all the provisions of the Companies Act. The act provides detailed instructions related to preparation of financial statement prepared by companies.

2018

Accounting Jobs for Women in India Have A Long Way To Go

WOMEN IN ACCOUNTING ROLES MAKE UP LESS THAN 20 PERCENT OF WORKFORCE IN LEADING ACCOUNTING FIRMS, FINDS A STUDY.

The financial year end is just around the corner and with many companies and tax payers set to close of the books of accounts, it is rather staggering to find out that women who make up at least 50 percent of the accountants, internationally, are still competing to receive fair benefits from employment.
On the international women’s day, this finding warrants a deeper view to determine the issues faced by women in the booming accounting community in India and reasons for the pay gap.

2018

The Financial Resolution and Deposit Insurance FRDI Bill

Introduction:
Since Independence, Bank Fixed Deposits is one of the most popular investment options for common men in India. However, recent changes in the economic trends & Government policy has compelled common men to rethink about the their most favourite investment avenue. Moreover, the recent bill tabled in the parliament called the Financial Resolution and Deposit Insurance (FRDI) has caused lot of rumours and concerns among common men. If this bill is passed, Bank FD may become one of the least preferable investment option among small house hold investors in India.

2018

Popular Accounting Careers in Indian Defence Forces 1

In the armed forces, accounting has an essential role to play as it aids in strategic planning, cost-cutting and effective disbursement and spending of public resources and nation’s defence capital. For this purpose, Indian Military —Indian Army, Indian Navy and Indian Air Force has always kept open doors to recruit eligible accounting personnel and executives.

Although their selection procedures are rigorous and systematic, if you are one of the budding accountants, it is simply worthwhile to explore accounting careers in the Indian army rather than limiting your choices to just MNCs and private financial and accounting corporations.

Financial Management