HEDGE ACCOUNTING IFRS 9

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International Financial Reporting Standard IFRS 9 is an International Financial Reporting Standard (IFRS) issued by the International Accounting Standards Board (IASB). This new standard is endorsed by the European Union in November 2016 and has a mandatory effective date for annual periods beginning on or after 1 January 2018, with earlier adoption permitted. IFRS 9 […]

OBJECTIVES OF AN AUDIT

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The objective of an audit is to express an opinion on financial statements. To give the opinion about the financial statements, the auditor examines the financial statements to satisfy himself about the truth and fairness of financial position and operating results of the enterprise. There are certain inherent limitations of audit examination. Such discovery is […]

BUDGET EXTRACT F.Y.2076/77

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Budget Size: Rs 15.32 kharba Current Expenditure: Rs 9.57 kharba (62.4%) Capital Expenditure: Rs 4.08 kharba (26.6%) Financing: Rs 1.67 kharba (11%) Tax revenue: Rs 9.81 kharba Foreign Grant: Rs 57.99 arba  Foreign Debt: Rs 2.98 kharba Internal Debt: Rs 1.95 kharba  Inflation to be controlled under 6%This year’s major updates: Growth Rate: 7%  Inflation: […]