Icai proposes upgrades for accounting normsBy Sangeeta Singh
However, if security system leases are accounted for as sales-type leases under the provisions of the Statement of Financial Accounting Standards (SFAS) No. 13, a more aggressive accounting method may be elected by the financial managers. This is what Crime Control elected to do. It accounted...
Accounting for asbestos The number of companies that have been destroyed by asbestos lawsuits grows every day. All of this public noise has led to an attempt to write a rule for everything (Wriston 2007: 119). Sir David Tweedie, the former head of the International Accounting Standards Board...
transfer of ownership, economic life test, PV of payment test). It will enable authorized users to override the classification defaulted by the system. In addition, the system should be able to bifurcate lease and non-lease components under appropriate...
(by Abhishek garg & Anurag Gupta ) PAPER-II : ACCOUNTING THEORY AND CORPORATION FINANCE of Panjab University UNIT-I Evolution of Accounting, Structure of Accounting, Theory Postulates, Principles and Different Theories of Accounting, Accounting Standards (with special reference to India, USA and UK)...
aBeyond the specifically legal reforms a crucial step for India in improving its corporate governance will be the adoption of international accounting standards. The Birla and Irani Committees both called for this, noted that the ICAI has been involved in work in this direction and called for a...
The procedures, standards, and regulations stated in this document will help the incorporators to efficiently and consistently manage the corporation. Aside from these documents, the group was able to gather the Articles of Incorporation which is also an important document that contains the basic ...
On June 18, the SF^C issued a statement noting the widespread global support for the creation of a monitoring group to oversee the Intemationai Accounting Standards Committee Foundation (IASCF) and provide for "organized inter- action between national authorities responsible for the adoption or ...
financialstatementsofeachentityinthepublicsectorandtheconsolidatedfinancial statementsofpublicsectorentitiesissuedbythegovernmentindifferentcountriesmustbepreparedandpresented inaunifiedformtosuittheinternationalpublicsectoraccountingstandards .Accordingly,withtheapplicationof theinterviewmethodinresearch,themainobjectiveofthis...
It states that this diploma course is the latest in a series of post-qualification specializations put in place by ICAI as part of its commitment to offer specialized life long learning opportunities to its members. Approval for this extensive offering was formally given by ICAI members in ...