Accounts News

Supreme Court UPHELDS AS 22

21 November 2007 at 08:04

Apex court upholds new accounting standardsNew Delhi November 21, 2007The Supreme Court has upheld the revised accounting standards AS 22 issued by the Institute of Chartered Accountants of India which has been made mandatory for all the companies li

Posted in Accounts | 2 comments | 14823 Views

Option to an entity to adopt alternative treatment in AS 15 - by ICAI

06 November 2007 at 21:58

An amendment by way of limited revision to Accounting Standard (AS) 15, Employee Benefits (revised 2005), has been made with a view to provide, inter alia, an option to an enterprise to charge additional liability arising upon the first application o

Posted in Accounts | 9192 Views

ICAI comes out with new Accounting Standard

15 October 2007 at 15:05

Corporates houses, banks and financial institutions have got just 18 months to begin the changeover to a new set of transparency, inducing accounting standards that will have a major impact on their financial statements. The new norms to classify, va

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ICAI to clarify AS for real estate co's-SEBI!!

14 October 2007 at 14:47

The Securities and Exchange Board of India (Sebi) has asked the Institute of Chartered Accountants of India (ICAI) to clarify the accounting standards that real estate companies have to follow.The capital market regulator has noticed that different r

Posted in Accounts | 5043 Views

Change in Accounting mode for municipalities!!

29 September 2007 at 12:15

Statesman News Service"The accounting procedures of all the municipalities should change from the existing single entry system to a double entry mercantile system, and even the government ought to switch over to the practice," said Mr Sunil Talati, p

Posted in Accounts | 4011 Views

New syllabus for ICWA

12 September 2007 at 14:14

Chennai, Sept 11: The Institute of Cost and Works Accountants of India will introduce a new syllabus from next year, to upgrade the educational skills of students, under which a student will be required to undergo the mandatory three year practical t

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ENTRY FOR ICAI AWARDS FOR EXCELLENCE IN FINANCIAL REPORTTING

18 August 2007 at 03:54

ICAI has started acceping entries for the EXCELLENCE IN FINANCIAL REPORTTING awards for the FY 2006-07 Annual Report.Entry form is available on the institute website.Last date for submission is 30th September,2007.

Posted in Accounts | 3399 Views

Costing body plans accounting technicians course

16 August 2007 at 01:02

In addition to the present shortage of 25,000 qualified finance professionals, there will be a demand for 10 lakh accountancy-trained personnel in the next 10 years at a the junior level, says Mr Chandra Wadhwa, the newly elected President of the Ins

Posted in Accounts | 4908 Views

ICAI to adopt global standards from 2011

23 July 2007 at 03:36

The Institute of Chartered Accountants of India (ICAI) has decided to fully converge with the international financial reporting standards (IFRS) from April 1, 2011. The IFRS are issued by the International Accounting Standards Board. A work plan woul

Posted in Accounts | 4449 Views

AS 30 , AS 31 ... two new accounting standard formulated

28 June 2007 at 01:54

The Accounting Standards Board of the Institute of Chartered Accountant of India, which sets the standard for the country, has formulated two new Standards on Financial Instruments - AS 30 (Financial Instruments: Recognition and Measurement) and AS 3

Posted in Accounts | 7 comments | 80241 Views