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1. According to International Financial Reporting Standards: the objective of financial reporting is: To provide financial information that is useful to existing and potential investors, lenders and other creditors in making decisions about providing resources to the reporting entity. [3] 2. According to the European Accounting Association:
National Financial Reporting Authority (NFRA) is the auditing and accounting supervision authority of India. The authority oversees the auditing profession and the Indian Accounting Standards under the Companies Act 2013. [1] It was formed in October 2018. The chairperson since March 2022 is Ajay Bhushan Pandey. [2]
Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
IFRS 9 began as a joint project between IASB and the Financial Accounting Standards Board (FASB), which promulgates accounting standards in the United States. The boards published a joint discussion paper in March 2008 proposing an eventual goal of reporting all financial instruments at fair value, with all changes in fair value reported in net income (FASB) or profit and loss (IASB). [1]
A technical report (also scientific report) is a document that describes the process, progress, or results of technical or scientific research or the state of a technical or scientific research problem. [1] [2] It might also include recommendations and conclusions of the research.
The Balwant Rai Mehta Committee was a committee originally appointed by the Government of India on 16 January 1957 to examine the working of the Community Development Programme (2 October 1952) and the National Extension Service and to suggest measures for their better working.
Chapter 7 Clauses 147 to 158 Of Offences Against the State Chapter 8 Clauses 159 to 168 Of Offences Relating to the Army, Navy and Air Force Chapter 9 Clauses 169 to 177 Of Offences Relating to Elections Chapter 10 Clauses 178 to 188 Of Offences Relating to Coins, Bank Notes, Currency Notes and Government Stamps Chapter 11 Clauses 189 to 197
The introduction to the Recommendations section in the report presents the following argument: [23] As the commission had concluded that 52 per cent of the country's population consisted of OBCs, it initially argued that the percentage of reservations in public services for backward classes should also match that figure.