CAclubindia Articles

A brief Note of Inventory Valuation

Posted by Ravikumar.G 29 September 2007 73124 Views

Valuation of closing stock requires consideration of Income Tax, Cenvat, Accounting Standards and Company Law.Stock should be valued at cost or market value, whichever is lower, as it is a prudent business practice. This principle has been accepted i

Operational Risk Management

Posted by riya 28 September 2007 4581 Views

Operational Risk Management Seven Keys to Effective Operational Risk ManagementOVERVIEWOver the past few years Operational Risk Managementhas garnered increased interest. It is not a newconcept but the recent regulatory compliancechallenges and need

Planning /Selecting Performance Audits

Posted by riya 28 September 2007 6287 Views

By Turksema, Rudi van der Knaap, PeterAll performance auditors share the same goal: to auditthe most relevant problems using the right people andthe most appropriate methods and techniques at theright moment and to use the audit findings to make amea

RBI FOR DOMESTIC CARD PAYMENT SYSTEM

Posted by Ravikumar.G 28 September 2007 4319 Views

The Reserve Bank of India (RBI) is in favour of a domestic card payment settlement company to rival the global payment majors Visa and MasterCard. The Indian Banks Association (IBA) had earlier proposed the setting up of a domestic card transaction

REMOVE DUMPING DUTY ON STYRENE BUTADIENE RUBBER

Posted by Ravikumar.G 28 September 2007 6910 Views

The All India Rubber Industries Association (AIRIA) has sought a removal of anti-dumping duty on styrene butadiene rubber (SBR), which is a synthetic substitute for natural rubber. "There is no logic for clamping an anti-dumping duty on SBR, since i

Closed ended fund a better bet!!

Posted by CA Nikita 28 September 2007 5968 Views

Better `closed' September, 27th 2007 The market regulator SEBI (Securities and Exchange Board of India) is rightly concerned about the mushrooming New Fund Offers (NFOs) by mutual fund houses in India which have been receiving enthusiastic response f

A woman's place is in the firm!!

Posted by CA Nikita 28 September 2007 4624 Views

A Woman's Place Is in the FirmAccountancies Ernst & Young, KPMG, and PwC all place in the top 10 in a best-workplaces survey by Working Mother magazine. Where's Deloitte?Three of the Big Four auditing firms - Ernst & Young, KPMG, and Pricewat

DERIVATIVES -BASICS TYPES AND USES

Posted by jatin 27 September 2007 239858 Views

Roughly about seven years ago NSE , one of the leading stock exchanges in India(other includes BSE) inaugurated the trading in Derivatives .Though there were initial hesitation amongst Indian investors with respect to these supposedly new financial

GOT A GIFT FROM A RELATIVE ? NO TAX ON IT

Posted by Ravikumar.G 27 September 2007 5111 Views

It is widely known that gifts from relatives are tax-exempt. But what is not widely known at all is that gifts received even from non-relatives can also be completely exempt from income tax. Here is the complete run-down from a renowned tax expert. I

DOING BUSINESS IN INDIA STILL TOUGH

Posted by Ravikumar.G 27 September 2007 4589 Views

First the good news. In the Doing Business report 2008, which is brought out annually by the World Bank and International Finance Corporation (IFC), India has climbed 12 ranks, which makes it the fastest-reforming economy in south Asia. Its speed of