June quarter has seen a host of companies adjusting profits, In the quarter ended June 30, 2008, Jet Airways declared a net profit of Rs 143 crore.
India is among 150-odd countries that have decided to adopt IFRS from 2011 onwards, Come 2011 and India Inc will experience drastic changes in the way financial statements are reported.
The Council of the Institute has approved Accounting Standard (AS) 32, Financial Instruments: Disclosures. The objective of this Accounting Standard is to require entities to provide disclosures in their financial statements to enable users to evalua
The Government recognises the importance of financial reporting in providing essential financial information about the company to its shareholders and other stakeholders, as an integral and important part of good corporate governance. Such informatio
ICAI BOARD OKAYS AS-32 The ICAI’s Accounting Standards Board (ASB) has cleared the proposed accounting standard on disclosure of ‘financial instruments’ (AS-32). This standard would now be considered for final approval by
'SARAL' format for small cos soonNew Delhi April 4, 2008Small-and medium-sized companies (SMCs) may soon have a `SARAL' format for disclosing their financial statements. For ensuring better compliance by all categories of companies with disclosure no
Dear All, New Delhi, Apr 3 Spurred by a huge demand from the industry, especially from the IT-enabled services, the Institute of Chartered Accountants of India (ICAI) has decided to launch a 15-month “accounting technician” course fr
Certain issues have been raised with regard to the foreign currency derivative exposures of various corporates that are not being fully accounted for. These exposures may translate into heavy losses due to fluctuations in the foreign exchan
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
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
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