Corporates houses, banks and financial institutions have got just 18 months to begin the changeover to a new set of transparency, inducing accounting standards that will have a major impact on their financial statements. The new norms to classify, va
The Securities and Exchange Board of India (Sebi) has asked the Institute of Chartered Accountants of India (ICAI) to clarify the accounting standards that real estate companies have to follow.The capital market regulator has noticed that different r
Statesman News Service"The accounting procedures of all the municipalities should change from the existing single entry system to a double entry mercantile system, and even the government ought to switch over to the practice," said Mr Sunil Talati, p
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
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.
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
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
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
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
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