Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: empanelment :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARDS
 
 
ICAI »
 CPE Events 25 September- 30 September 2017
 Indian Accounting Standards (Ind AS): An Overview (Revised 2017)
 Educational Material on Indian Accounting Standard (Ind AS) 18, Revenue (Revised 2017)
 Group to identify the issues for simplying the process for compliance of GST especially by small and medium enterprises, traders and professionals
 Next batch of the Certificate Course on Valuation at Bangalore from 11th November, 2017.
 Extension of date empanelment of members to act as observers for November / December 2017 examinations up to 25th September, 2017
 CPE Events 18 September- 23 September 2017
 Invitation for expression of interest from software development companies for providing software relevant to the Practitioners & CA Firms of ICAI by 31 October
 Peak Filing Preparation 2017-MCA 21
 Group for suggesting ways and means to resolve Inter unit reconciliations issues including re-engineering the process/procedures, revenue sharing, between HO and branches, various grants payable and accounting entries thereof, especially in GST regime
 Weightage of Marks at All Levels of CA Course Under Revised Scheme of Education and Training

Panaji: Convergence with IFRS Conference Organized - ICAI
October, 14th 2008

The national conference organized by The Accounting Standards Board (ASB) of ICAI in association with Western India regional council of ICAI, with its Goa branch hosting the conference at a beach resort for three days from October 10, was inaugurated by M D Mallya, chairman and managing director of Bank of Baroda on Friday October 10.

Chairman ASB- ICAI C A Amarjit Chopra, chairman Accounting Standard ICAI-CA B M Agarwal, chairman WIRC of ICAI, C A Gautam Verlekar, chairman Goa branch of WIRC, Abbas Ali Mirza International Financial Centre Dubai, CA Dhiraj Khandelwal secretary WIRC, CA Atul Parikh, vice-chairman WIRC and Preeti Mahatme, Central Council Member ICAI.
 
At the press conference addressed by M D Mallya earlier, he mentioned that IFRS was going to be the common language for all the accounting standards for capital inflow, particularly for public limited companies.
 
C A Gautam Verlekar, chairman Goa branch of WIRC, also mentioned that all the chartered accountants would get the opportunity to upgrade themselves on IFRS in the coming months, as the Institute was keen that 1,48,000 chartered accountants should be ready with this to serve the financial institutions of India and their clients.
 
International Financial Centre Dubai and the Institute of Charted Accountants of India (ICAI), as the accounting standards formulating body in the country, have always been making efforts to formulate high quality accounting standards. The ICAI after considering the current economic environment has decided that IFRSs should be adopted for public interest entities, viz., listed entities, banks and insurance companies and large sized entities from the accounting periods commencing on or after April 1, 2011.
 
In its endeavour to bring convergence with IFRS, the institute has been organizing a series of programmes on IFRS across the country. He congratulated the Accounting Standards Board, the CPE Committee, the WIRC of ICAI and the Goa Branch of ICAI for taking this initiative.
 
C A  B M Agarwal chairman said that the three-day national workshop was intended to give the participants an overview of application of IFRS in India scenario, so as to equip them to be ready to face up to the changes going to take place in the coming years. The topics have been selected to understand those concepts of IFRS, which are new to the Indian scenario, and he expressed the confidence, that the members shall be immensely benefited by the deliberations made at the three day-conference.
 
The conference was about convergence with International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB), which has gained momentum in recent years all over the world.  More than 100 countries currently require or permit the use of, or have a policy of convergence with IFRS. Internationally, in so far as cross-border investments are concerned, a non-IFRS compliant country is perceived as an additional risk factor.  In this scenario, India being an important emerging economy in the world cannot stand isolated. Therefore, the Institute of Chartered Accountants of India (ICAI), the premier accounting body in the country, decided to converge with IFRS issued by the IASB for the public interest entities such as listed entities, banks and insurance entities and large-sized entities from the accounting periods commencing on or after April 1, 2011.  The ministry of corporate affairs, government of India, has also stated that India would converge with IFRS from April 1, 2011.
 
To implement this decision, the ICAI is taking various necessary steps, such as, formulation of Indian equivalent of IFRS at the earliest, launching IFRS 75-80 hours certificate level course to educate the concerned people about IFRS, holding seminars and other programmes on IFRS all over the country. In this direction, this conference held from October 10 to 12, 2008 provided the participants an opportunity to acquaint themselves and appreciate the nuances of the IFRS, which were discussed by the eminent speakers during the conference.

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions