Accounts News

FM to Cost Accounts Service to help in Optimal Utilization of Resources

11 August 2011 at 12:27

The Union Finance Minister Shri Pranab Mukherjee said that officers of Indian Cost Accounts Service (ICAS) have a major role to play in facilitating the government in its decision making process through their inputs in solving complex pricing and co

Posted in Accounts | 3 comments | 9741 Views

Cost Accounting Standard Board invites comments on Exposure Draft - Generally Accepted Cost Accounting Principles (GACAP)

25 July 2011 at 14:17

The Central Council of the Institute has approved the release of Exposure Draft of Generally Accepted Cost Accounting Principles (GACAP) Document as recommended by the Cost Accounting Standards Board (CASB), the standard-setting body of the Insti

Posted in Accounts | 1 comments | 7830 Views

Differences between IFRSs and IND AS

13 July 2011 at 11:19

Differences between IFRSs and IND AS

Posted in Accounts | 14 comments | 21021 Views

Carve Outs provided in Ind AS

01 July 2011 at 11:26

The Ind As have been prepared by NACAS and with its recommendation submitted to MCA.NACAS adopted due consultative proposed of hosting the draft Ind As insisting comments/suggestions and therefore after deliberated with industries representative i

Posted in Accounts | 11745 Views

ICWAI sign MOU with CandK Management Ltd. For Certificate course on IFRS through e-learning modules for members, students and others

21 April 2011 at 11:24

ICWAI sign MOU with C&K Management Ltd. For Certificate course on IFRS through e-learning modules for members, students and others ICWAI has been actively engaged in the professional development of its Members through various initiatives.

Posted in Accounts | 2 comments | 11013 Views

Filing of Balance Sheet and profit and Loss Account in XBRL mode

02 April 2011 at 11:07

General Circular No. 09/2011 17/70/2011 –CL.V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan, Dr. R.P. Road, New Delhi Dated the 31.03.2011 To All Regional Directors All Registrar of Companies Sub

Posted in Accounts | 7 comments | 19221 Views

Filing of Balance Sheet and Profit and Loss A/c in XBRL mode

03 April 2011 at 13:28

It has been decided by the Ministry of Corporate Affairs to mandate certain class of companies to file balance sheets and profit and loss account for the year 2010-11 onwards by using XBRL taxonomy. The Financial Statements required to be filed in X

Posted in Accounts | 4 comments | 34275 Views

Exposure Draft on Public Interest Framework for Accountancy Profession

22 March 2011 at 11:31

Exposure Draft on Public Interest Framework for Accountancy Profession on which comments have been requested by IFAC by 25 March, 2011 IFAC (International Federation of Accountants) has come out with an Exposure Draft on Public Interest Framewor

Posted in Accounts | 6351 Views

Release of Cost Accounting Standard 13

16 March 2011 at 18:26

The Council of the Institute in its meeting held on 25th Feb, 2011 has approved the release of Cost Accounting Standard 13 - Cost of Service Cost Centre. Download Cost Accounting Standards (1-13) Cost Accounting Standards

Posted in Accounts | 1 comments | 25641 Views

Indian Accounting Standards Converged with IFRS Notified

26 February 2011 at 10:00

Indian Accounting Standards Converged with IFRS Notified Reliable, consistent and uniform financial reporting is important part of good corporate governance practices worldwide in order to enhance the credibility of the businesses in the eyes o

Posted in Accounts | 17277 Views