INFOPORT

The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountants in India. During its 61 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the whole world.

Explained succinctly financial accounting concepts, different principles of financial accounting, importance and scope of financial accounting, Generally Accepted Accounting Principles(GAAP), limitations of Financial Accounting etc.