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Mr Director's Car! No Depreciation
May 16, 2013 at 21:23 | Source: Moneycontrol.com
It is a common practice followed by many companies, particularly private limited companies, to register motor car(s) purchased by them in the name(s) of their director(s) and treat the same as its own asset(s) in their books of account.
MMTC outcome of board meeting
Apr 18, 2013 at 15:59 | Source: Moneycontrol.com
MMTC has informed BSE that the Board of Directors of the Company at its meeting held on April 12, 2013, confirmed the appointment of Shri Arvind Kalra, practicing Chartered Accountant as Non-Official Part Time (Independent) Director w.e.f. April 01, 2013.
Info Drive Soft change in directorate
Mar 12, 2013 at 19:44 | Source: Moneycontrol.com
Info-Drive Software has informed BSE that the following in respect of changes in the Board of Directors of the Company. Mr. N. Viswanathan, Practicing Chartered Accountant is appointed as an Additional Director (Non-Executive Independent Director) of the Company with immediate effect.
Magma Fincorp Q3 net up by 174% aided by new accounting
Jan 17, 2013 at 19:00 | Source: Moneycontrol.com
Aided by a new accounting practice and higher interest income, Kolkata-based Magma Fincorp on Thursday reported nearly three-fold jump in its third quarter (October-December) net profit to Rs 38 crore in 2012-13.
Cos follow unorthodox accounting rules: Edelweiss analysis
Nov 16, 2012 at 21:57 | Source: CNBC-TV18
Some of India Inc's accounting practices, while completely legitimate, have raised a few eye-brows. Brokerage Edelweiss after analysing the results of many companies, says that the true economic profit of some of these companies are dwarfed by the reported profits.
SEC slaps USD 2-m fine on Oracle for cooking India books
Aug 17, 2012 at 21:39 | Source: CNBC-TV18
CNBC-TV18s Shreya Roy reports that the SEC slapped a fine of USD 2 million on Oracle Corporation for falsification of its books-of-account and unauthorised payments in a few transactions with the Indian government.

Videos »
Cos follow unorthodox accounting rules: Edelweiss analysis
SEC slaps USD 2-m fine on Oracle for cooking India books
India Inc, brokerages on accounting war
Change in accounting practice has a one-time cost: Gammon
Realty cos may not switch to IFRS project completion method
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News across the web »
Global banks need to be watched as integrated, single entity
May 19, 2013: Frauds are not new to the banking industry and they have been perpetrated since organised banking has been in vogue. But cases such as Bank of Credit and Commerce International (BCCI) w...
May 20, 2013 at 00:01 | Source: The Hindu BusinessLine
Filling the goodwill GAAP
In recent times, many large corporations in India and abroad have recorded significant charges on account of goodwill impairment. This brings to centre stage the initial accounting of goodwill and it...
May 19, 2013 at 21:22 | Source: The Hindu BusinessLine
BP to seek Cameron's help as oil spill costs escalate
BP wants Prime Minister David Cameron to intervene over the escalating cost of compensating US companies for the Gulf of Mexico oil disaster in 2010. BBC business editor Robert Peston has learned that...
May 16, 2013 at 16:32 | Source: BBC
BP's Gulf of Mexico compensation costs 'jeopardising' the company
BP's financial recovery from the disaster of the Deepwater Horizon oil spill in 2010 is being put in jeopardy by the escalating amounts being paid to businesses in the Gulf of Mexico region to co...
May 16, 2013 at 12:32 | Source: BBC
Are accountants and CFOs killing innovation?
For big corporations, regardless of their industries, making disruptive changes isn't a question of money. Many have substantial budgets and can ride out any disruption. It's merely a question of min...
May 10, 2013 at 15:01 | Source: Economic Times
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