Financial Reporting

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How to calculate WDV Rates for Depreciation

Learn how to calculate depreciation using the Written Down Value (WDV) method. Get the formula, steps, and a helpful trick for easy calculation!

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Benefits and Limitations of Accounting Standards

Accounting standards: Good for comparability and reliability, but sometimes too rigid. They help investors and accountants trust financial statements.

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Objectives of Accounting Standards

Accounting standards ensure financial statements are reliable and comparable. They create trust, reduce ambiguity, and make global business easier.

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Framework for the Preparation and Presentation of Financial Statements
Framework for the Preparation and Presentation of Financial Statements

India's ICAI issued a framework for preparing financial statements. It outlines concepts for external users, but isn't a standard itself. It guides the development of future accounting standards.

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Recent Posts

Value Added Statements – A way to Show Value added by organisation apart from Financials
Value Added Statements – A way to Show Value added by organisation apart from Financials
Calculate Depreciation as per Companies Act, 2013
Know how to calculate Treasury Bills, Bonds, etc. in Money Market Operations
How to calculate WDV Rates for Depreciation
Benefits and Limitations of Accounting Standards
Objectives of Accounting Standards
Framework for the Preparation and Presentation of Financial Statements