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Accounting
 Why EBITDA Matters in the Corporate World
Why EBITDA Matters in the Corporate World In today’s competitive business environment, evaluating a company’s…
Decoding Bad Debts and Provision for Bad Debts (PBD)
In business, credit sales are common, and customers (debtors) become an important asset of the…
Decoding the Balance Sheet: Assets, Liabilities and Owner’s Equity
The journey of accounting does not end with calculating profit. After preparing the Trading Account…
From Gross Profit to Net Profit: Understanding Operating and Non-Operating Activities
Accounting is not merely about preparing financial statements, it is about understanding how a business…
From Trial Balance to Final Account: Understanding Trading Account, Profit & Loss Account and Balance Sheet
Prelude In our previous blogs, we learned how business transactions are recorded in the Journal,…
Finance
Understanding the Asset Side: Linking Investment Decisions with Financial Ratios
Having examined the funding side of the Balance Sheet in our last blog, it is…
Understanding the Funding Side of the Balance Sheet: A Gateway to Connected Ratio
When we analyze the liability side of the Balance Sheet, we are essentially looking at…
Debt–Equity & Interest Coverage Ratio: Linking Lending Decisions with Ind AS 23
In today’s competitive business environment, companies frequently rely on external financing to support expansion, manage…
Understanding Debt Service Coverage Ratio (DSCR) from a Lending Perspective
Lending institutions use this ratio as a key measure of a company’s ability to pay…
NPV and IRR in Capital Investment and Financing Decisions
Net Present Value (NPV) and Internal Rate of Return (IRR) are two fundamental tools used…
Indian Direct Tax
Understanding Depreciation, Provision for Depreciation and Sale of Assets
Fixed assets such as machinery, furniture, vehicles and buildings are used by a business for…
Alternative Minimum Tax (AMT) and AMT Credit Adjustment – A Conceptual Overview
Alternative Minimum Tax (AMT), introduced for non-corporate taxpayers to address disparities in tax payments and…
Minimum Alternate Tax (MAT): Concept and Practical Application
Minimum Alternate Tax (MAT) is an important provision under the Income Tax Act, 1961, designed…
Tax rates for Indian Domestic Companies—Normal vs Concessional Regime
Under the Income Tax Act, 1961, domestic companies in India have the option to be…
Understand ITR: Choosing the Right Form for Filing Income Tax
Filing the correct Income Tax Return (ITR) form is a crucial responsibility for taxpayers. However,…
Indirect Tax
Regular or Composition? Understanding the Right GST Option
The composition levy is an alternative method of levy of tax designed for small taxpayers….
Understanding Key GST Returns and the Reconciliation Process
GST reconciliation refers to the act of comparing the GST returns filled by the taxpayer with…
Input Tax Credit and Key GST Return Forms—You Must Know
If you’re a businessman, you know that every rupee matters so it essential for managing…
NEW-GEN GST – A Revolutionary Approach
Background Before GST was implemented, the VAT system was being followed in the country. The…
International Finance
Understanding International Finance through an Integrated MNC Case Study
Case: Edific Engineering Ltd. (India) Edific Engineering Ltd., an Indian multinational company, exports industrial machinery…
Hedging: A Tool to Manage Foreign Currency Risk
Students, suppose you are working in the treasury department of an MNC. Your company enters…
Understanding Purchasing Power Parity (PPP) in Foreign Exchange Transactions
Purchasing power parity (PPP) is an economic theory of exchange rate determination. It states that…
Understanding Transaction and Translation Risk Adjustments in Financial Statements
Translation Exposure: The translation exposure is also called accounting exposure or balance sheet exposure. Translation…
Understanding Operating Risk Adjustments in Financial Statements
A firm dealing with foreign exchange may be exposed to foreign currency exposures. The exposure…
Sustainability
Understanding BRSR: Beyond Financial Reporting
Sustainability is no longer viewed merely as a voluntary corporate initiative; it has become a…
US Tax
ABOVE-THE-LINE DEDUCTIONS (ADJUSTMENTS TO INCOME)
A Practical Guide to Reducing Adjusted Gross Income (AGI) Every taxpayer wants to legally reduce…
Understanding Tax Deductions in U.S. Federal Taxation
Suppose the government wants to encourage taxpayers to save for retirement, pursue higher education, or…
Understanding FICA and SECA
Introduction The Federal Insurance Contributions Act (FICA) and the Self-Employment Contributions Act (SECA) are the…
Understanding US Federal Income Tax: A Case Study
Reading the Internal Revenue Code or a Form 1040 instruction booklet in the abstract can…
Understanding Deductions and Tax Credits in U.S. Taxation
Suppose the Government wants to provide you with a tax benefit. Should it reduce your…