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Accounting Bodies or Cartels - Competiton Act India

I was reading the provisions and objectives of the Competition Act 2002 and then relating it with how accountancy is regulated in India by Acts of Parliament like ICAI Act, ICWAI Act and ICSI Act.An...

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IASB Framework - Financial Statements

This is a guest post by CMA Devarajan Swaminathan. He has over 10 years post qualification experience in Accounting, Auditing, Finance as well as Management Accounting. He is the proprietor of...

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An Agenda for MCA - Accounting bodies India

Dear Mr. Rahul Roy,director, Ernst & Young India Pvt. Ltd.I refer to your article "An agenda for MCA" on Business Standard and agree with your views on Independent regulator with oversight over the...

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Defence against hostile takeovers

Every group is potentially subject to takeover.  There will be a price at which the shareholders may be induced to sell their shares. If the bid is received, then the directors may consider and...

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How do I start my own website - 1

Starting your own business, it requires determination to go ahead with what you think you do the best. Then position your niche to make money. To position and advertise yourself in the market you need...

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How do I start my own website - 2

In my last post, I had given the procedure how to book the domain name on www.GoDaddy.com . The next step is to build a website and configure email ids for your company. You have two choicesFirst...

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Adding value to business in a challenging global environment

New ACCA report reveals best practice planning for finance professionals 'The report looks at how accountants add value to business in what remains a very dynamic and challenging environment,' said...

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Did you google yourself - Tip to make your linkedin profile known

Did you google yourself ? This is question which a professional person ask. The first thing the head hunters  do when they hear your name or someone recommends your name, they search it on google. I...

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Fair value accounting reform - IASB

The International Accounting Standards Board (IASB) published a draft change to narrow the scope of its fair value or mark-to-market standard in July. It seeks to classify assets for valuation either...

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What is Unbundling

Unbundling: The process of taking over a large company with several different lines of business, and then, while retaining the core business, selling off the subsidiaries to help fund the...

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BOGOF and Revenue recognition

According to Linkshare on consumer research, adverts placed on the more mainstream social networking sites are unlikely to be effective as direct marketing tools. The research, which surveyed 2,000...

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World Best Companies 2009 - Your feedback

World's 10 best companies to work for. This list was published in Fortune magazine in Feb 2009 as Top Employers. I have picked up the first 5 to know why they are at the top.Company: NetApp : Rank:...

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Operating and Financial Review - OFR

Non financial information in the form of additional reporting provides alongside the financial information in the annual report, provides a good insight to the stakeholders on the company.In January...

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SAP FICO Year End Procedures

We are approaching the year end. And those of you who are new to SAP year end procedure for FICO, I am listing the transactions or procedures you need to follow. This is an indicative list and you can...

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Tier based Accountancy Practice in India - Will it help

Background: Accounting bodies in India are based on UK accounting concept and their governance is more of less similar to the UK bodies.The public accounting practise in India are mostly driven by...

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New Year Resolutions for 2010 Management Accountant

I am looking back at Year 2009 resolution that I had posted on the Management Accountant Blog. The focus had been on social and professional networking with professionals in the industry and keeping...

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ICAEW appointed to assist Dubai regulator in monitoring audit firms

The Institute of Chartered Accountants in England and Wales (ICAEW), a world leader of the accountancy and finance professions, has been contracted by the Dubai Financial Services Authority (DFSA) to...

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Canada’s CAs offer guidance to communicate impact of IFRS changeover

Canada’s Chartered Accountants are providing guidance to help public companies summarize for investors the effects of the changeover to International Financial Reporting Standards (IFRSs). Most...

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The Audit Firm Governance Code UK

The Audit Firm Governance Code applies to eight audit firms that together audit about 95% of the companies listed on the Main Market of the London Stock Exchange.The Audit Firm Governance Code,...

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Enterprise governance - Restoring boardroom leadership

CIMA, UK published a discussion paper on "Enterprise governance - Restoring boardroom leadership" in Jan 2010 which focusses on Corporate Leadership. This paper sets out how boards can be more...

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Dries Buytaert- Founder and lead of the Drupal CMS

Drupal (pronounced /ˈdruːpəl/) is a free and open source Content Management System (CMS) written in PHP and distributed under the GNU General Public License. It is used as a back-end system for many...

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Triple Bottomline Reporting

The triple bottom line (abbreviated as "TBL" or "3BL", and also known as "people, planet, profit" or "the three pillars" captures an expanded spectrum of values and criteria for measuring...

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Hedging foreign exchange risk

What Does Foreign-Exchange Risk Mean?1. The risk of an investment's value changing due to changes in currency exchange rates. 2. The risk that an investor will have to close out a long or short...

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What RSS feed means to you

RSS (most commonly expanded as Really Simple Syndication) is a family of web feed formats used to publish frequently updated works—such as blog entries, news headlines, audio, and video—in a...

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Leveraging Public Accounting Practice for a Lucrative Career in Managerial...

This is a guest post by Sunil an Accounting teacher, CPA exam and career coach, and the Author of the CPA Requirements blog. This article provides a different perspective to an accounting career, one...

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