The evolution of trade, business, and commerce has resulted in the constant growth and sophistication of the financial world. Accounting, the language of finance, has been established due to realizing the need to maintain a written record of every commercial transaction. Today, accounting is much more than just that and encompasses several crucial components of…
The widespread adoption of mobile devices has revolutionized the way we work and live. As a result, businesses in India are increasingly relying on mobile devices for personal and professional purposes. However, with this increased reliance comes an increased need for mobile security. In today’s digital age, mobile devices are vulnerable to numerous security threats…
Financial planning and analysis (known as FP&A) is an essential component of any business, whether starting a new company or being established in India. It helps ensure the organization’s future success by mapping out various paths for achieving both short-term and long-term goals. In this guide, we’ll explore everything you need to know about financial…
Retail store audits are a crucial aspect of any retail business as they help identify the strengths and weaknesses of a store and provide opportunities for improvement. A retail store audit is a comprehensive examination of the store’s policies, procedures, inventory, displays, staff, timings, pricing, fixtures, and more. The goal of an audit is to…
The Indian Accounting Standards (Ind AS) were declared under Section 133 of the Companies Act 2013 and have been formulated to align with the IFRS standards issued by the IFRS Foundation. The objective of Ind AS is to establish principles for preparing and presenting consolidated financial statements when an entity regulates one or more other…
Inventory management is one of the most significant aspects of any business, and Indian firms must manage their inventory effectively. In today’s ever-evolving era, companies must constantly adapt to changes in the marketplace and technology, which can significantly impact their inventory management. Physical verification of inventory is a critical aspect of effective inventory management,…
The media industry in India is proliferating and is expected to reach new zeniths in the coming years. With the increasing competition, media agencies must stay ahead of the curve and be equipped to handle the challenges of this industry. This is where business consulting comes in as a critical factor in evaluating the success…
Determining the value of a business is a crucial part of any organization’s ongoing strategy. From securing funding from investors or financial institutions to selling your company to a third party, it’s vital to have a solid understanding of your business’s worth. Whether you’re an entrepreneur looking to sell your company or a business looking…
What is a forensic financial audit? A forensic financial audit is a thorough examination of a company’s financial records to uncover fraudulent activities and provide evidence for criminal investigations. It is conducted by forensic accountants, who use various techniques and tools to analyze financial data and identify any irregularities, embezzlement, or money laundering. The importance…
Physical verification of fixed assets is essential to asset management in any organization. This process involves physically inspecting and validating the assets to ensure their authenticity, condition, and presence. However, the process can be challenging due to several obstacles organizations face while performing physical verification. In this blog, we will discuss ten significant…
