IndusInd Bank, stung by accounting lapses, raised $2 billion via market deposits in March
India's IndusInd Bank garnered $2 billion in higher-cost bulk deposits in March, its biggest monthly haul in at least two ...
IndusInd Bank, stung by accounting lapses, raised $2 billion via market deposits in March: Report
The country's fifth-largest private sector bank flagged earlier in the month a $175 million hole in its balance sheet, citing ...
Investopedia6d
Why Does GAAP Require Accrual Basis Rather Than Cash Accounting?
Only the accrual accounting method is allowed by generally accepted accounting principles (GAAP ... the company should take the cost of the asset and spread this over the useful life to match ...
Accounting Today1d
Taxpayers want Direct File, but relatively few have used it
The Internal Revenue Service's Direct File program is attracting interest this tax season, but lack of familiarity and budget ...
Gevo Reports Fourth Quarter 2024 Financial Results and Reaffirms Business Update
Ended the fourth quarter with cash, cash equivalents and restricted cash of $259.0 million. On a standalone basis, our RNG subsidiary generated revenue of $15.8 million during the year ended December ...
TechBullion6d
Where Finance Meets Technology: A New Era of Efficiency and Security
Wycliff Nagalilla has a passion for using new technologies to remake the world of finance. Currently a senior financial ...
The Business Times5h
‘Like playing chess’: Oriental Remedies Group co-founder on getting digitalisation right
SINGAPORE] When Beatrice Liu co-founded Oriental Remedies Group six years ago, operations ran largely on pen and paper – but ...
CFO.com2d
Accounting has a Gen Z problem. It’s time for new talent strategies
Companies can adopt practical strategies to attract younger talent to the accounting field while also introducing ways to ...
Investopedia6d
Industries That Cannot Claim Cost of Goods Sold (COGS)
COGS is not addressed in any detail in generally accepted accounting principles (GAAP), but COGS is defined as only the cost of inventory items sold during a given period. Not only do service ...