Accounts News

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

Posted in Accounts | 8499 Views

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 | 3513 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 | 5058 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 | 4641 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 | 80577 Views

Accounting norms change to take a toll on SBI profit

20 June 2007 at 02:30

State Bank of India's profits are expected to take a hit of Rs 800 crore for each of the next five years with the bank needing to make additional provision of around Rs 4,000 crore due to changes in accounting norms for employees' retirement benefits

Posted in Accounts | 1 comments | 4539 Views