Business Glossary
Clear, concise definitions of key business terms in payroll, finance, HR, compliance, and outsourcing. Your reference guide from MYND's domain experts.
Showing 70 terms starting with "I"
Clear filterInd AS 116
Understanding Ind AS 116: The Lease Accounting Game Changer Ind AS 116, Leases , is an Indian Accounting Standard that prescribes the accounting treatment for leases.
View definitionInd AS 12
Understanding Ind AS 12: A Deep Dive into Income Tax Accounting Ind AS 12, or Indian Accounting Standard 12, deals with the accounting for income taxes.
View definitionInd AS 16
Understanding Ind AS 16: The Core Definition Ind AS 16, Property, Plant and Equipment , is an Indian Accounting Standard that prescribes the accounting treatment for Property, Plant and Equipment...
View definitionInd AS 19
Understanding Ind AS 19: A Core Definition Ind AS 19, or Indian Accounting Standard 19, is a crucial accounting standard that prescribes the accounting and disclosure requirements for employee...
View definitionInd AS 2
What is Ind AS 2: A Foundation for Inventory Reporting Ind AS 2, Inventories , is an Indian Accounting Standard that prescribes the accounting treatment for inventories.
View definitionInd AS 20
What is Ind AS 20?
View definitionInd AS 21
What is Ind AS 21?
View definitionInd AS 23
Understanding Ind AS 23: The Standard for Borrowing Costs Ind AS 23, “Borrowing Costs,” is an Indian Accounting Standard that prescribes the accounting treatment for borrowing costs.
View definitionInd AS 24
Ind AS 24: Demystifying Related Party Disclosures Ind AS 24, “Related Party Disclosures,” is an Indian Accounting Standard that prescribes the requirements for entities to disclose comprehensive...
View definitionInd AS 27
Understanding Ind AS 27: A Quick Overview Ind AS 27, “Separate Financial Statements,” is an Indian Accounting Standard that prescribes the accounting and disclosure requirements for investments in...
View definitionInd AS 28
Understanding Ind AS 28: A Core Definition Ind AS 28, officially titled “Investments in Associates and Joint Ventures,” is an Indian Accounting Standard that prescribes the accounting treatment for...
View definitionInd AS 29
Understanding Ind AS 29: A Quick Overview Ind AS 29, Financial Reporting in Hyperinflationary Economies , is an Indian Accounting Standard that prescribes specific rules for the preparation and...
View definitionInd AS 32
Understanding Ind AS 32: A Guide to Financial Instrument Presentation Ind AS 32 is a crucial Indian Accounting Standard that dictates how financial instruments should be presented in a company’s...
View definitionInd AS 33
What is Ind AS 33?
View definitionInd AS 34
Introducing Ind AS 34: A Quick Overview Ind AS 34, Interim Financial Reporting , is an Indian Accounting Standard that prescribes the minimum content of an interim financial report and the principles...
View definitionInd AS 36
Understanding Ind AS 36: The Core Idea Ind AS 36, “Impairment of Assets,” is an Indian Accounting Standard that sets out the procedures an entity must apply to ensure that its assets are carried at...
View definitionInd AS 37
Ind AS 37: A Foundation for Financial Prudence Ind AS 37 , formally known as "Provisions, Contingent Liabilities and Contingent Assets," is an Indian Accounting Standard that prescribes the...
View definitionInd AS 38
Understanding Ind AS 38: A Core Definition Ind AS 38, or Indian Accounting Standard 38, is a critical accounting standard that prescribes the accounting treatment for intangible assets.
View definitionInd AS 40
Understanding Ind AS 40: The Core Concept Ind AS 40, Investment Property , is an Indian Accounting Standard that prescribes the accounting treatment for investment property, including recognition,...
View definitionInd AS 41
Understanding Ind AS 41: Accounting for Agriculture What is Ind AS 41?
View definitionInd AS 7
Understanding Ind AS 7: The Statement of Cash Flows Ind AS 7, “Statement of Cash Flows,” is an Indian Accounting Standard that mandates how entities should present and disclose information about...
View definitionInd AS 8
Understanding Ind AS 8: Accounting Policies, Changes in Accounting Estimates and Errors Ind AS 8 , formally known as “Accounting Policies, Changes in Accounting Estimates and Errors” , is a pivotal...
View definitionInduction Program
Induction Program An induction program , also known as onboarding or orientation , is a structured process designed to integrate new employees into an organization.
View definitionIndustrial Relations (IR)
Definition: Industrial Relations (IR) Industrial Relations (IR) refers to the complex and dynamic relationship between employers, employees, and the government (state) within an industrial or...
View definitionIndustrial Relations Code, 2020
Understanding the Industrial Relations Code, 2020: A Comprehensive Overview The Industrial Relations Code, 2020 (IRC 2020) is one of four landmark labour codes passed by the Parliament of India in...
View definitionInput Tax Credit (ITC)
Input Tax Credit (ITC) Input Tax Credit (ITC) is a mechanism within indirect tax systems, most notably the Goods and Services Tax (GST), that allows businesses to claim a credit for the taxes they...
View definitionInsurance Claim Support
Insurance Claim Support Insurance Claim Support refers to a specialized human resources (HR) and employee benefits service designed to assist employees in navigating the complexities of their employer...
View definitionInter-company Reconciliation
Inter-company Reconciliation: Ensuring Financial Harmony Across Related Entities Inter-company reconciliation is a critical accounting process that involves identifying, investigating, and resolving...
View definitionInter-State Migrant Workers
Definition and Overview In the realm of Human Resources and labor law, an Inter-State Migrant Worker refers to an individual who migrates from their home state or province to another state within the ...
View definitionInternal Audit
Internal Audit : An Independent Appraisal of Operations Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.
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