Accounts News

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 | 4941 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 | 4518 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 | 80391 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 | 4455 Views