Accounts News


Exposure draft of Annual Improvements to IFRSs 2010-2012 Cycle

   30 July 2012 at 16:46

Exposure draft of Annual Improvements to IFRSs 2010-2012 Cycle (Comments to be received by August 30, 2012) The International Accounting Standards Board had issued this Exposure draft of Annual Improvements to IFRSs 2010-2012 Cycle On 3 May 2012

Posted in Accounts |   10806 Views


Jawahar Thakur takes over as Controller General of Accounts

   03 July 2012 at 13:27

Shri Jawahar Thakur has taken over as Controller General of Accounts on 1st July, 2012. He belongs to the Indian Civil Accounts Service of 1979 batch. Shri Thakur is a Post Graduate and also a Law Graduate from Delhi University. He has a Degree of

Posted in Accounts  2 comments |   13137 Views


CASB releases the Guidance Note on CAS-7 on Employee Cost

   12 June 2012 at 11:13

Download Generally Accepted Cost Accounting Principles (GACAP) Serial No. Title Download Counter

Posted in Accounts |   12837 Views


Exposure Draft of General Purpose Financial Reporting XBRL Taxonomy Based on Revised Schedule VI for Commercial and Industrial Companies

   05 April 2012 at 10:57

The Ministry of Corporate Affairs (MCA) has laid down a new format of Schedule VI to the Companies Act, 1956 applicable for the Financial Statements prepared for the accounting year commencing on or after 1st of April, 2011. With the new reporti

Posted in Accounts |   16569 Views


Exposure Draft of Guidance Note on Cost Accounting Standard - 9 on Packing Material Cost (CAS - 9)

   02 April 2012 at 13:24

Cost Accounting Standards Board, the standard-setting body of the Institute, has approved the release of Exposure Draft of Guidance Note on Cost Accounting Standard - 9 on Packing Material Cost (CAS - 9). The proposed Exposure Draft may be modifie

Posted in Accounts |   14058 Views


Indian Government Accounting Standard 3 on Loans and Advance made by Governments

   02 April 2012 at 10:49

Indian Government Accounting Standard 3 on Loans and Advance made by Governments

Posted in Accounts |   14277 Views


Delay in Implementation of IFRS

   19 March 2012 at 17:46

Keeping in view the consultation held with various stakeholders on certain issues including tax related issues, it was decided to implement convergence of Indian Accounting Standards with International Financial Reporting Standards (IFRS) in a pha

Posted in Accounts  3 comments |   21432 Views


Exposure Draft of Guidance Note on Maintenance of Cost Accounting Records

   02 March 2012 at 17:38

The Technical Cell of National Task Force constituted by the Institute has approved the release of the Exposure Draft of Guidance Note on Maintenance of Cost Accounting Records. The proposed Guidance Note may be modified in light of comments/ su

Posted in Accounts  3 comments |   11700 Views


Report submitted to Shri Kapil Sibal, Hon'ble on Implementation of Accounting Standards in Educational Institutions of Department of Higher Education

   23 February 2012 at 15:30

Report submitted to Shri Kapil Sibal, Hon'ble Minister of HRD on Implementation of Accounting Standards in Educational Institutions of Department of Higher Education, Ministry of Human Resource Development Report on Implementation of Accountin

Posted in Accounts |   8376 Views


Guidance Note on Accounting for Self-generated Certified Emission Reductions (CERs) (Issued 2012)

   18 February 2012 at 11:05

Guidance Note on Accounting for Self-generated Certified Emission Reductions (CERs) (Issued 2012)

Posted in Accounts |   10476 Views