Accounts News


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 |   11637 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 |   10884 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 |   34125 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 |   19128 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 |   6276 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 |   25572 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 |   17151 Views


Convergence of Indian Accounting Standards with International Financial Reporting Standards

   17 February 2011 at 17:31

Convergence of Indian Accounting Standards with International Financial Reporting Standards Availability of essential financial information about a company to its shareholders and other stakeholders in accordance with internationally accepted fina

Posted in Accounts  4 comments |   22608 Views


The Depreciated Replacement Cost Method of Valuation

   17 February 2011 at 11:23

Exposure draft on "The Depreciated Replacement Cost Method of Valuation" for comments. The Instit

Posted in Accounts  1 comments |   17514 Views


Exposure Draft of Framework for the Preparation and Presentation of Financial Statements

   19 January 2011 at 13:40

Exposure Draft of Framework for the Preparation and Presentation of Financial Statements

Posted in Accounts |   10056 Views