EDUCATION SERIES Archives - Page 253 of 325

THE ROLE OF TORT LAW IN PROTECTING CONSUMERS FROM HARMFUL PRODUCTS OR SERVICES

THE ROLE OF TORT LAW IN PROTECTING CONSUMERS FROM HARMFUL PRODUCTS OR SERVICES Introduction: Consumer protection is a vital aspect of any society, ensuring the safety and well-being of individuals in their interactions with businesses and service providers. One of the most effective legal tools in safeguarding consumer interests is tort law. Tort law establishes […]

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RECENT DEVELOPMENTS IN TORT LAW AND THEIR IMPLICATIONS FOR INDIVIDUALS AND BUSINESSES

EDUCATION SERIES / Study circle

RECENT DEVELOPMENTS IN TORT LAW AND THEIR IMPLICATIONS FOR INDIVIDUALS AND BUSINESSES Introduction Tort law is an essential component of the legal framework that governs civil wrongs and provides remedies for individuals who have suffered harm due to the actions or omissions of others. In recent years, several significant developments have occurred in tort law,

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THE DIFFERENT TYPES OF TORTS AND THEIR ELEMENTS

EDUCATION SERIES / Study circle

THE DIFFERENT TYPES OF TORTS AND THEIR ELEMENTS Introduction: In civil law, torts encompass a broad range of wrongful acts that lead to harm, injury, or damage to another person’s property, reputation, or well-being. Understanding the various types of torts and their essential elements is crucial in determining liability and seeking appropriate legal remedies. This

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THE BASICS OF TORT LAW AND ITS SIGNIFICANCE IN THE LEGAL SYSTEM

EDUCATION SERIES / Study circle

THE BASICS OF TORT LAW AND ITS SIGNIFICANCE IN THE LEGAL SYSTEM Tort law is an area of law that deals with civil wrongs committed by one person against another. It aims to provide compensation to the victim for the harm they suffered, rather than punishing the wrongdoer. In this article, we will discuss the

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IMPACT OF THE IBC ON FINANCIAL STATEMENTS AND REPORTING STANDARDS

EDUCATION SERIES / Study circle

IMPACT OF THE IBC ON FINANCIAL STATEMENTS AND REPORTING STANDARDS Introduction: The Insolvency and Bankruptcy Code (IBC) introduced in India has had a significant impact on the financial landscape of the country. It has streamlined the insolvency resolution process and aimed to maximize the value of distressed assets while protecting the interests of stakeholders. As

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LIQUIDATION PROCESS UNDER IBC: ACCOUNTING AND REPORTING REQUIREMENTS

EDUCATION SERIES / Study circle

LIQUIDATION PROCESS UNDER IBC: ACCOUNTING AND REPORTING REQUIREMENTS Introduction: Liquidation is an essential component of the insolvency resolution process, ensuring the orderly winding up of a company’s affairs. In India, the Insolvency and Bankruptcy Code (IBC) provides a comprehensive framework for the liquidation of companies. As part of this process, accounting and reporting requirements

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FINANCIAL RESTRUCTURING AND REORGANIZATION: ACCOUNTING IMPLICATIONS UNDER THE IBC

EDUCATION SERIES / Study circle

FINANCIAL RESTRUCTURING AND REORGANIZATION: ACCOUNTING IMPLICATIONS UNDER THE IBC Introduction: The Insolvency and Bankruptcy Code (IBC) introduced in India in 2016 has brought about significant changes in the corporate insolvency framework of the country. The IBC aims to provide an efficient and time-bound resolution process for financially distressed companies, promoting a culture of entrepreneurship and

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VALUATION OF ASSETS AND LIABILITIES IN INSOLVENCY PROCEEDINGS: ACCOUNTING CONSIDERATIONS

EDUCATION SERIES / Study circle

VALUATION OF ASSETS AND LIABILITIES IN INSOLVENCY PROCEEDINGS: ACCOUNTING CONSIDERATIONS Introduction Insolvency proceedings are complex legal processes designed to address financial distress and ensure equitable treatment of creditors and stakeholders when a company is unable to meet its financial obligations. In such cases, accurate valuation of assets and liabilities becomes crucial for assessing the financial

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ACCOUNTING STANDARDS AND REPORTING REQUIREMENTS UNDER THE INSOLVENCY AND BANKRUPTCY CODE

EDUCATION SERIES / Study circle

ACCOUNTING STANDARDS AND REPORTING REQUIREMENTS UNDER THE INSOLVENCY AND BANKRUPTCY CODE Introduction The Insolvency and Bankruptcy Code (IBC) is a crucial legislation in India that addresses insolvency and bankruptcy matters, providing a comprehensive framework for the resolution of distressed companies. As part of the insolvency process, accounting standards and reporting requirements play a pivotal role

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ROLE OF INSOLVENCY PROFESSIONALS IN BOOKKEEPING AND ACCOUNTANCY UNDER THE IBC

EDUCATION SERIES / Study circle

ROLE OF INSOLVENCY PROFESSIONALS IN BOOKKEEPING AND ACCOUNTANCY UNDER THE IBC Introduction: The Insolvency and Bankruptcy Code (IBC) has significantly transformed the landscape of corporate insolvency and bankruptcy in India since its enactment in 2016. One of the key components of the IBC is the role played by Insolvency Professionals (IPs) in managing the resolution

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COMMON BOOKKEEPING MISTAKES AND HOW TO AVOID THEM

EDUCATION SERIES / Study circle

COMMON BOOKKEEPING MISTAKES AND HOW TO AVOID THEM Introduction: Bookkeeping is a vital aspect of any business’s financial management. Accurate and organized bookkeeping ensures that a company maintains its financial records in order, allowing for effective decision-making, tax compliance, and overall financial stability. However, bookkeeping errors can lead to costly consequences and misinformed business decisions.

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THE IMPORTANCE OF BOOKKEEPING IN SMALL BUSINESS SUCCESS

EDUCATION SERIES / Study circle

THE IMPORTANCE OF BOOKKEEPING IN SMALL BUSINESS SUCCESS Introduction Bookkeeping is an essential aspect of managing a small business effectively. Often overlooked or neglected by entrepreneurs, bookkeeping plays a crucial role in maintaining financial records accurately. Small businesses, in particular, can significantly benefit from implementing proper bookkeeping practices. This article explores the importance of bookkeeping

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