Accounting
102 Threads
Accounting is the language of business But, itโs FILLED with incoherent jargon Here are 8 of the most confusing terms explained in plain English: โคต๏ธ
7 DIFF transaction & their treatment in GSTR 3B applicable from 01-09-22 THREAD 1 Reversal due to CN /r.42/43/s.17(5)/r.38 -4B1 2 Excess amt reversed in CN/ r.42/43/s.17(5)/r....
Revenue and income are NOT the same thing Costs and expenses are NOT the same thing Net income and free cash flow are NOT the same thing Confused? Here's a quick breakdown:
I have interviewed nearly 1,000 accountants in my career. Less than 2% have stood out as being exceptional Here are the 10 traits Iโm looking for in future finance leaders๐
THREAD ON GSTR-9 FOR FY 2021-22 Accuracy Checks and Balance Formula for GSTR-9 - A Must check before submitting GSTR-9 I hope these Tables will make GSTR-9 and 9C filling a much...
Gone through ICAI Tax Audit GN; Some interesting points for SME CA Firms; Thread ๐๐ โก๏ธ Other items of incomes not to be disclosed in 16d now. โก๏ธ EPF/ESI employee contt. disallow...
Most people try and make financial statements hard. But, theyโre not much different than your personal finances. Letโs break it down:
To understand Finance you need to know 3 things. My path to learn them: โข Accounting degree โข Master's in accounting โข 10 years working at KPMG โข 10+ years as a VP of Finance /...
Service Business vs. Product Business Which one is better?
When looking at your Statement of Cash Flows, ask these 7 questions:
When looking at a Balance Sheet, these 12 questions are all that you need:
When looking at an income statement, these 7 questions are all that you need:
27 Financial Statement terms in plain English:
Average salary of a fresher Chartered Accountant in India: 2010: 6.50 lacs 2020: 6.50 lacs Here's how it can be fixed:
The Basics of a Balance Sheet explained from scratch ๐งฎโโโ In this thread we will talk about - 1. What is Balance Sheet 2. How Balance Sheet is made? 3. Each line items of Balance...
I've worked in corporate finance for 15+ years. Understanding the fundamentals of accounting gives you an advantage, whether you: -own a business -work for a company -invest in c...
What is EBITDA? Why is it important?
ITR-U has been enabled for AY 2020-21 and AY 2021-22 for ITR 1 and ITR 4. The updated return u/s 139(8A) can be prepared using Excel utility.
How to calculate when you will double your money on an investment:
This Thread will teach you how to read a Balance Sheet ๐๐ผ https://t.co/wMXZt7P66m
Accounting is the language of business. If you buy stocks, you MUST learn how to read a balance sheet. Hereโs everything you need to know:
Major Changes have been proposed in the Chartered Accountants (2nd Amendment) Regulations, 2022 Let's break them down in a Thread below๐งต Kindly make it reach maximum people.. htt...
eCommerce businesses have a ton of Cash Flow issues Understanding the Cash Conversion Cycle (CCC) can help solve these issues Here is how:
The market crash is here Forget profits -- Free cash flow matters now more than ever If you're an individual investor, you MUST know how to read a CASH FLOW STATEMENT Here's wha...