Accounting

"Some progress was made by the 15th Finance Commission, and hopefully, we will try and make more progress. It is a recognised problem."

SEBI, NFRA together an effective force against accounting irregularities in listed companies

A recent order by the capital market regulator shows reliance on the accounting regulator’s report. Company finance executives, audit committees and even boards should take note

CAs need to familiarise themselves with new areas of global accounting: FM Sitharaman

These include carbon accounting, Corporate Social Responsibility accounting and Environmental, Social, and Governance-related due diligence

Accountants welcome need to strengthen profession but point to teething problems for proposed IIAs

The panel says the creation of such institutions would introduce more competition, lending the overall ecosystem greater strength and gravitas

Fraud detection in an audit report, coming soon?

A Big Four accounting firm’s CEO has said auditors should do more to uncover fraud that is material in nature

Why increasing business complications are eroding Tata Steel's predictability

On its part, the company has also been making efforts to simplify and explain the earnings nuances to analysts through multiple presentations.

Accounting a new disruptor in mergers and acquisition strategies

Reporting under Indian Accounting Standards (Ind AS) may significantly impact tax-planning strategies for many deals and will also have a high impact on key performance indicators of companies, says author Jigar Parikh.

What can ERP do for your business?

ERP software helps integrate information across different business functions to provide a centralised resource that simplifies data and helps in decision-making. But mere installation of ERP software, does not automatically make a business better. Here are some points to optimize your investment in ERP

Ind-As: Will it become a reality or get deferred?

The recently issued Schedule II to the Companies Act, 2013 on depreciation and its emphasis on useful life, surely created ripples and hectic efforts in the Q1 of 2014-15

Govt examining RComm's accounting practices

The Corporate Affairs Ministry is examining a report on the accounting practices of telecom major Reliance Communications, the Parliament was informed today.

Cos Act: Government for retrospective auditor rotation

The government proposed rotation of auditors with retrospective effect, in its draft rules for the new Companies Act. CNBC-TV18's Payaswini Upadhyay reports that the ministry, which put out draft rules to accompany 16 of the 29 chapters in the Act, call for changes in accounting and auditors.

Chasing perpetual economic growth is highway to disaster

Burning any capital at a deficit, without accounting for it, is an accounting sacrilege. But that is exactly what we are doing in our quest for unsustainable growth, argues the author. We are not assigning the true value to our natural resources that are being depleted at an alarming rate.

More FDI to help India reach highest growth potential: E&Y

Mark Weinberger, Chairman and CEO, Ernst & Young Global in an interview with CNBC-TV18 said that more FDI is crucial if India wants to grow at its full capacity.

KFA report opens flaps on networth erosion, tardy accounts

CNBC-TV18's Sunanda Jayaseelan reports that auditors have raised several questions regarding the Kingfisher Airlines annual report which reveals that the company's networth has been completely eroded.

India Inc, brokerages on accounting war

The last two months have seen a few blue chip companies go head to head with influential brokerages over accounting policies. Brokerages are increasingly seeking more transparency and disclosure from corporates raising doubts over what they see as aggressive accounting practices, reports CNBC-TV18's Sajeet Manghat and Animesh Das.

Aston Martin Selects Microsoft Dynamics AX For Its Accounting System

Business solutions from Microsoft help automaker refine its financial and accounting systems.

Espirito Santo questions Biocon's accounting practices

Espirito Santo has downgraded Bangalore-based Biocon to "sell" from "neutral" and sharply revised its target price to Rs 186 a share from Rs 350, flagging off several issues, which it says raise accounting and corporate governance questions over at the biotech firm.

Growth and stagnation in the SME universe

It is not uncommon to hear MSME owners confess they are not growing as desired or that they are stuck in a lower orbit when they have the capability to grow three to four times their existing levels.

Accounting and taxation for sustainable businesses

This article intends to create awareness among businesses and start-ups with regard to accounting and taxation compliances, so that they do not get caught unprepared risking sudden closure of their business.

NABARD Selects Polaris' Intellect Lending Solution

Polaris to help NABARD centralise decision making and attain access to centralised accounting across the bank's head office and regional offices.

ICAI seeks clarity on SBI's FY11, FY12 provisioning norms

Institute of Chartered Accountants of India (ICAI) plans to write to State Bank of India (SBI) to seek knowledge about the higher provisioning norms in Q4FY11. They want to know whether provisioning is a one off item or is it a yearly practice.

Accountancy Profession: Catalyst to sustained eco growth

International Conference on Accountancy Profession: Catalyst to Sustained Economic Growth