Ankur (Ipcc student) (332 Points)
06 December 2010friends,seneiors i am going to take part in a elucation contest which is introduced by our branch of icai
i have thought about this topic
Why accounting standards were made ??
is this topic good and if u have any valuable suggestion for this topic to make a attractive one or any thing which could help me its welcome .......
Sunshine
(Helping All)
(10575 Points)
Replied 06 December 2010
that's a very good topic...try to make ur presentation interesting and use real life examples as much as u can....
in an informal way- no one pays a lot of attention to each and every word of a speech ..so u should try to catch attention by ur way of speaking and interaction skills....dont make it boring at any moment....Good luck
regards,
Sneha
CA.CWA.Venkatesh Repala
(CA CWA;(CS PROFESSIONAL))
(1231 Points)
Replied 06 December 2010
good topic, surely u can rockzzz it. i too try to give any spl info for u
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114225 Points)
Replied 07 December 2010
Good Topic.....
Objective of Accounting Standards
Objective of Accounting Standards is to standarize the diverse accounting policies and practices with a view to eliminate to the extent possible the non-comparability of financial statements and the reliability to the financial statements.
The institute of Chatered Accountants of India, recognizing the need to harmonize the diversre accounting policies and practices, constituted at Accounting Standard Board (ASB) on 21st April, 1977.
Ankur
(Ipcc student)
(332 Points)
Replied 07 December 2010
sir thanks for the reply but can i also get some thing which can make my presentation interesting
Shalini Nayyar
(Student)
(365 Points)
Replied 07 December 2010
| Originally posted by : palak | ||
 |
u can also combine AS with IFRS . It wil b more intersting. |
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agree with palak
Resham
(Carpe Diem !!!)
(6535 Points)
Replied 07 December 2010
try to give more importance to practical case studies which show effectively the importance of accounting standards.. that will keep the audiences' attention intact...
just give a brief idea in the beginning and then start out with real life situations and examples..
this view is on the basis of my experience..
..contradictory views welcome
Best of luck. give your best.
v@m$h!
(CA - Final and CS - Final)
(1473 Points)
Replied 07 December 2010
Ankur,
u first start with the example comparing two instances where accounting standards are used and on the other. Thhen go into the topic of urs. First start with the term standard and next accounting standard. Relate it with international financial reporting system. If u want explain them how accounting standards came into existence. Take 2 to 3 standards for example and ellaborate on its importance. Dont miss the flow with good communication skills.
regards
vamshi
Sunali
(Learner)
(1317 Points)
Replied 07 December 2010
Hi Ankur,
Seems to be a very interesting topic..though you can also refer to this topic the other way..
'SIGNIFICANCE OF ACCOUNTING STANDARDS'...You can state real life examples depicting the situation in case there were no Accounting Standards and everyone be allowed to follow his/her own way while drawing up financial statements.
Moreover, as Palak has stated, refer to the reasons for Convergence to IFRS ; the basic one is to bring uniformity beyond boundaries. So you can also move on these lines.
All the Best.
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 07 December 2010
I think rather on concentrating of Indian accounting standards you have to concentrate on accounting standard on world basis
divide your presentation in following parts
1. the scenario before introduction of ASs, the problem faced and significant scam that resulted s a result of non presence of ASs
2. the reason behind introduction of ASs, the issues and incident which triggered introduction of ASs, major committee and country establishing ASs.
3. Introduction of ICAI, major achievement , commiittee esyanlished for making ASs, and accounting standards building procedure
4. the legal recognition of accounting standards u/s 211 of companies act, and National advisory committee of accounting standards u/s 210A.
5. accounting standards and SEBI .
6. IFRS implementation
7. the forth coming accounting standards
8. and also aspiration of Indian corporate and foreign corporate and investors from accounting standards and accounting standards committee.
(if possible also add how accounting standards helps in removing financial terrorism )
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 07 December 2010
nandini mishra
(individual)
(592 Points)
Replied 07 December 2010
this is very good topic, but main thing is there are 33 accounting standard and same are also concerted into IFRS looking after the international market. how far they are success and what should be the alternate way to make easy our accounting standard in simple and short languauge instead of using these accounting standard to make our accounting easy and competitive with international market.
Rahul Bansal
(Finalist)
(35929 Points)
Replied 07 December 2010
Use Features Of PowerPoint To Make Your Presentation In a More Pleasant Way.
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 08 December 2010
| Originally posted by : Sneha.... sunshine | ||
|
|
that's a very good topic...try to make ur presentation interesting and use real life examples as much as u can.... in an informal way- no one pays a lot of attention to each and every word of a speech ..so u should try to catch attention by ur way of speaking and interaction skills....dont make it boring at any moment....Good luck regards, Sneha |
|
Totally Agree with Sneha...
Wish you all the Best Bro...
CAclubindia
