Although the guidance note was published in August 2023, the new balance sheet format became effective from FY 2024-25. It means that professionals and non-corporate entities are expected to adopt the ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting ... t included in the income statement per generally accepted accounting principles ...

The Institute of Chartered Accountants of India is set to implement a new accounting standard requiring companies to classify ...