Post Office along with providing postal services and also offer FD (Fixed Deposit) Scheme officially known as Post Office Time Deposit. We have designed a simple excel based Post Office FD calculator where you can input the investment amount, interest rate and it will calculate the interest earned and maturity value. This FD is similar […]
The art of the client email
CPAs have long relied on emails to communicate through all stages of a client relationship. And with CPAs and clients unable to meet in person during the COVID-19 pandemic, emails are more important than ever. Here are nine tips from CPAs on how to get their emails noticed in clients’ inboxes and how to communicate […]
Post Office RD Calculator – Invest Rs 1,000 per month to get Rs 69,697 on Maturity
We have designed a simple excel based Post Office RD calculator where you can input the monthly instalment & interest rate and it will calculate the interest earned and maturity value. Post Office like Banks offer Recurring Deposit. The only difference is in banks you can choose tenure depending on our needs but Post Office […]
Take Advantage of These 5 Helpful Balance Sheet Ratios
Your business’s balance sheet can give you a snapshot of your finances and show you whether you’re on track for success. Without it, you might struggle to detect spikes in spending or see if your pricing strategy is effective. If you want to take things one step further with your balance sheet and see how […]
From Enron to Wirecard – Big 4 Accounting Firms Still Face Systemic Problems – Insurance Journal
Article 2 Comments Two decades of financial disasters from Enron Inc.’s collapse in 2001 to Wirecard AG’s meltdown have left the Big Four accounting firms facing a major cultural problem that regulators may struggle to resolve. The 1.9 billion euros ($2.1 billion) missing from Wirecard’s balance sheet brought the chief executive officer’s arrest, the German […]
House joins Senate in approving 5-week PPP extension
The U.S. House of Representatives on Wednesday joined the Senate in passing by unanimous consent a five-week extension of the Paycheck Protection Program (PPP). The bill now goes to President Donald Trump, who is expected to sign it. The House’s approval came after the Senate approved an extension in a surprise move Tuesday night just […]
Auditors can play key role in ESG information assurance
The increasing attention paid to company disclosures on environmental, social, and governance (ESG) information in the current environment means auditors have a growing role to play related to these disclosures. A new Center for Audit Quality (CAQ) report, The Role of Auditors in Company-Prepared ESG Information: Present and Future, addresses how public company auditors can […]
GASB delves into financial statement elements, revenue and expense models
GASB on Wednesday issued a proposed concepts statement addressing recognition of financial statement elements as well as a call for feedback on preliminary views on revenue and expense recognition model proposals. The proposed concepts statement on recognition of financial statement elements proposes a framework of interrelated objectives and fundamental principles that can be used by […]
A post-pandemic to-do list – Accounting Today
The coronavirus pandemic continues to test the accounting profession in unprecedented ways and, for the most part, accountants are rising to these unique challenges — advising clients on how to keep their businesses afloat while focusing on the recovery of their own practices and people. Now, as the economy slowly reopens, accountants enter a new […]
PPP lender accounting issues addressed by new TQAs – Journal of Accountancy
Lender accounting issues related to the Paycheck Protection Program (PPP) are discussed in new Technical Questions and Answers (TQAs) issued Tuesday by the AICPA. TQAs 2130.41 through 2130.44 provide nonauthoritative guidance in answers to the following lender accounting questions: If a creditor restructures a loan due to COVID-19 to include a period of reduced payments, […]