Good Corporate Governance ensures better corporate performance, relationship with stakeholders, where the proper practice of Accounting Standards assumes immense importance at micro level, as effective disclosure leads to shareholders' wealth maximisation and at macro level, they are essential...

Financial statements are prepared to summarize all business activities by an enterprise during an accounting period in monetary terms amp; report financial outcomes in terms of performance, status of assets, liabilities amp; flow of cash. These business activities vary from one enterprise to...