Risk Consulting – Why does any firm require risk consulting? By assisting in the decrease of certain risks, a risk specialist may be able to assist companies in being more appealing investment opportunities. Risk management advisory services can also help
Continue ReadingGratuity Act 1972 – It is a genre of various statutes, such as the Minimum Wage Act, Employment and Social Policy, and so on, that is an extension of labor laws and establishes the minimum benefits to be provided to
Continue ReadingGAAP And Its Fundamental Principles GAAP, or generally accepted accounting principles, are standards that cover the particulars, intricacies, and legal aspects of business and corporate accounting. Also The Financial Accounting Standards Board (FASB) bases its complete overview of approved accounting
Continue ReadingThe ESOP Structure Shareholder Approval: The Structuring Of ESOP. Company’s shareholders must approve the concern of an Employee Stock Ownership Scheme. Employees who may be granted ESOPs: The following “Employees” may be granted ESOPs: A company permanent employee who has
Continue ReadingGAAP (Generally Accepted Accounting Principles) (Generally Accepted Accounting Principles) Financial statements are essential for managing the health of your business, regardless of its size or type. From disclosures to balance sheets, as a business owner, you must take a held-to-account
Continue ReadingESOP (Employee Stock Ownership Plan) I. Compensation At Fair Market Value (FMV) for Sellers FMV is defined by the Internal Revenue Service as the premium a company will indeed sell for on the marketplace. “It is the price agreed upon between
Continue ReadingGratuity Accounting Standard 15 GRATUITY is a type of employee benefit plan known as a Defined Benefits Obligation (DBO) Plan. Since The term ‘gratuity’ is derived from the word gratitude, and it refers to a thank you expressed by the
Continue ReadingAS15 R (Accounting Standard 15 Revised) AS15 R (i) short-term employee benefits such as wages; (ii) post-employment benefits such as gratuity; (iii) other long-term employee benefits such as sabbatical leave; and (iv) termination benefits. AS 15 was issued by ICAI
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What is Gratuity? When you work with dedication for a long period for an organization, you want your organization to repay you in some form. Gratuity is one method by which corporations recognize and reward the work and dedication of
Continue ReadingGet Detailed Valuation Services by Mithras Consultation Get Detailed Valuation Services by Mithras Consultation During the pandemic time there were many people who lost their jobs and some of them are still struggling with their professional life. Many of the
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