Accounts News


Mandatory application of Cost Accounting Standards, w.e.f. 1st April 2010

   09 January 2010 at 10:42

Mandatory application of Cost Accounting Standards, w.e.f. 1st April 2010 The Council of the ICWAI at its 251st Meeting held on 12-13 February 2009 and 258th Meeting held on 14th December 2009 decided as below: Mandatory application of Cost Accounti

Posted in Accounts  14 comments |   21255 Views


Research Studies Conducted under The Aegis of ICAI ARF

   08 January 2010 at 18:21

Research Studies Conducted under The Aegis of ICAI ARFAs a part of its continued pursuit to promote research in the fields of accounting, auditing, monetary policies and other related disciplines, the ICAI Accounting Research Foundation (ICAI ARF) ha

Posted in Accounts  1 comments |   6870 Views


Inviting Suggestions, queries/comments relating to tax issues arising from implementation of IFRS

   08 January 2010 at 10:20

Inviting Suggestions, queries/comments relating to tax issues arising from implementation of IFRSThe Central Board of Direct taxes and the Institute of Chartered Accountants of India have jointly constituted a study group to identify direct tax issue

Posted in Accounts |   4512 Views


Accounting Standard (AS) 4 (Revised 20XX) (Corresponding to IAS 10) Events after the Reporting Period

   30 December 2009 at 22:03

Accounting Standard (AS) 4 (Revised 20XX) (Corresponding to IAS 10) Events after the Reporting Period

Posted in Accounts  14 comments |   29979 Views


IASB Exposure Draft of Limited Exemption from Comparative IFRS 7

   01 December 2009 at 13:43

IASB Exposure Draft of Limited Exemption from Comparative IFRS 7 Disclosures for First-time Adopters: Proposed amendment to IFRS 1The International Accounting Standards Board (IASB) has issued Exposure Draft of Limited Exemption from Comparative IFR

Posted in Accounts  1 comments |   5559 Views


Exposure Draft on Financial Instruments: Amortised Cost and Impairment

   24 November 2009 at 07:08

This Exposure Draft on Financial Instruments: Amortised Cost and Impairment, has been issued by the International Accounting Standards Board with the objective to replace IAS 39 Financial Instruments: Recognition and Measurement with a new standard,

Posted in Accounts  2 comments |   5577 Views


Core group favours implementation of IFRS in phased manner

   24 October 2009 at 11:37

The Core Group on convergence of Indian Accounting Standards reiterates commitment to converge with IFRSs by 2011 FAVOURS IMPLEMENTATION OF CONVERGED ACCOUNTING STANDARDS IN PHASED MANNER A meeting of the Core Group constituted by the Ministry of C

Posted in Accounts |   10554 Views


The Council of the ICWA approves CAS-7 and CAS-8

   16 September 2009 at 11:40

The Council of the Institute has approved the Cost Accounting Standard on Employee Cost (CAS-7) & Cost of Utilities (CAS-8) and approved the release of Exposure Drafts on Administrative Overheads & Repairs and Maintenance Cost.Communiqu&eacut

Posted in Accounts |   11097 Views


Commencement of Third Batch- IFRS course at Bangalore

   11 September 2009 at 17:15

COMMENCEMENT OF THIRD BATCH- IFRS COURSE AT BANGALOREWe are pleased to announce that 3rd Batch at Banglore Centre of Certificate Course on IFRS is scheduled to take place from 24th October, 2009 of which details are mentioned below: Duration of C

Posted in Accounts  8 comments |   9033 Views


Joint meeting on implementation challenges of IFRS

   07 August 2009 at 11:14

Joint meeting of the Core Group and the two sub-groups on the implementation challenges with regard to convergence of Indian Accounting Standards with IFRS expresses confidence in the issuance of the roadmap at an early date for convergence to enable

Posted in Accounts  1 comments |   7869 Views