Sowmya

Published on 20 Jan 2026

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Accounting Policies under AS 1: Meaning, Nature & Examples

Understand accounting policies under AS 1, their meaning, nature, areas of differences, and why disclosure is essential for comparability.

Sowmya

Published on 20 Jan 2026

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Fundamental Accounting Assumptions under AS 1 Explained

Learn the three fundamental accounting assumptions under AS 1 – Going Concern, Consistency, and Accrual – explained with simple examples.

Sowmya

Published on 20 Jan 2026

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Accounting Standard 1 : Meaning, Objective & Applicability

Understand Accounting Standard 1 (AS 1), its meaning, objectives, applicability, and examples on disclosure of accounting policies explained in simple term

Sowmya

Published on 19 Jan 2026

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MSME Disclosure Rules and Two-Year Condition Explained

Learn MSME disclosure requirements under Accounting Standards, two-year condition for exemptions, and treatment of transition cases explained simply.

Sowmya

Published on 19 Jan 2026

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Applicability of Accounting Standards to Companies and SMCs

Learn how Accounting Standards apply to companies in India, including differences between SMC and Non-SMC, exemptions and compliance rules.