Blog

2018

Export Promotion Capital Goods EPCG Scheme

International trade plays a pivotal role in the sustainability and growth of any economy. However, in order to gain a favourable position in the international market and minimise the level of trade deficit, a country needs sufficient foreign currency. There is only one way to increase the inflow of foreign currency i.e. to increase Exports. Hence, it is right to say that no country can survive self-sufficiently without enough amount of exports. Lack of foreign currency results in high trade deficit and foreign debt crunch.

Archive


2018

accounting cycle

Accounting is a repetitive process of recording and interpreting financial data. But, for most businesses, it is a misunderstood term that is mostly restricted to a department which engages in crunching numbers and generating complex reports. The role of accounting is as important to a business just as capital, finance or any other element would play in the achievement of long-term business objectives. It is necessary to have a comprehensive view of accounting processes and better analysis of financial transactions to shed light on wastage and productive areas. For this, it is important to get back to basics of accounting and understand what goes on in the entire accounting cycle.

2018

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Despite the fact that articles are some of the most frequently used words in English, many people get confused while choosing the right article in a sentence or deciding if at all an article is needed. This happens because we all use articles generously in our conversations but lack a clear understanding of how to use them or what their role is in a sentence. This blog will touch upon areas like type of articles, grammatical understanding of articles, common errors in use of articles etc.

2018

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It is a known fact that accounting practices and processes have undergone a new wave of change over the last few years due to the transformations in the adjacent fields and regulatory systems. The new accounting standards and shift over to the new-age technology has redefined the way businesses, economies and individuals view accounting. No doubt, today, these firms operate as providers of knowledge as a service over the mere practice of juggling numbers and receipts on paper.

2017

It has been increasingly noticed that women have walked shoulder to shoulder with men in all fields be it defence, engineering, space research etc. The field of chartered accountancy is no exception to this trend. The huge scope and opportunities in the field of accountancy has attracted many women to enter and excel in the traditionally male-dominated bastion. According to data provided by the ICAI, 24.39% of ICAI's total members are women which totals to 68,339 up till October 2017. Similarly, 40% of the active students of ICAI are female candidates. These figures indicate that women are giving tough competition to male counterparts in the accounting field.

2017

New Blog11

The Bitcoin has become the talk of the town nowadays. It is the most sung buzzword in all media be it print or digital. People across the world are excited about Bitcoins. However, very few of us actually know about bitcoins. In this blog, we will zero in on the Bitcoins and other keywords associated with bitcoins.

Financial Management