New accounting rules may hurt cos with long-term leases: CLSA
Mumbai: The new accounting standard AS-116, which came into effect from April, is expected to significantly impact financial reporting for companies with long leases such as retail …
Accounting
More auditors likely to expose accounting issues, then quit
MUMBAI: The latest regulatory action against Deloitte, EY and KPMG, has seen auditors scampering to de-risk themselves and more differences between auditors and managements will come to the …
Accounting Career – Know the Pros & Cons
Like nearly everything in life, accounting careers have positives and negatives. But the truth is not that the career itself is good or bad, …
New monthly GST return filing system to be rolled out from Oct
New Delhi: The Finance Ministry said on Tuesday the new monthly GST return filing system will be rolled out from October. The rollout is three months …
RBI imposes Rs 2 crore penalty on Kotak Mahindra Bank
The Central Bank said that the action is based on the deficiencies in regulatory compliance. The Reserve Bank of India (RBI) has slapped a …
Accounting automation tool Roger raises $7.35 million Series A funding
Roger.ai has raised $7.53 million in Series A funding for its artificial intelligence-driven accounting automation tool. The product, Roger, is emerging during a time …
FASB’s New Accounting Model For Life Insurers Seeks Greater Transparency
A new accounting standard issued by the Financial Accounting Standards Board (FASB) should make it easier for investors to compare companies that sell long-duration …
RBI revised framework offers some leeway to defaulters
Lenders must enter into an inter-creditor agreement (ICA) to to work on the resolution and also set out the rights and duties of majority …
RBI extends last cut-off timing for RTGS transactions
MUMBAI: The Reserve Bank of India has extended the last cut-off timing for customer transactions through Real Time Gross Settlement Systems (RTGS) from 4.30pm to 6pm …
Government likely to introduce E-invoice under GST
The government is looking to introduce an electronic invoice mechanism under GST, but could restrict it to large companies in the initial phase, said …
