The need for change in accounting
Added: (Fri Nov 03 2017)
Pressbox (Press Release) -
In this edition, it has discussed the change in ‘Accounting Basis’ across the world. It has pointed out the merits of accrual based accounting method over cash based accounting. The accrual based accounting method provides a comprehensive view of the whole apparatus in consideration.
Most countries are in the process of moving to accrual based accounting. However the high cost of implementation and the requirement of constant communication between all branches of the government has been a steady challenge.
Now with the advent of big data and AI all these challenges can be tackled
Read the full article here
About Decimal Point Analytics
Decimal Point Analytics is a financial research & analytics company incorporated in 2003 with headquarters at Mumbai. It is an independent, management owned company, which provides actionable analytics to financial services companies. It offers customized solutions to investment management businesses that address specific challenges. It enables these customers to supplement their operations with additional resources and augment research processes using Artificial Intelligence (AI) technologies like Machine Learning (ML), Natural Language Processing (NLP) and Big Data.
Decimal Point Analytics has presence across 4 global locations including the United States, UK and India.
Visit the website at www.decimalpointanalytics.com.