Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: list of goods taxed at 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: TDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: empanelment :: VAT RATES :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« News Headlines »
 6 important income tax rules for individuals which will change from April 1, 2017
 Key changes in income tax rates individuals need to look at from 1 Apr
 Provisional Enrollment under Goods and Service Tax (GST)
 Ten income tax changes that will come in to effect from April 1
 New income tax provisions you need to be aware of
 8 benefits you must know about this tax-saving mutual fund
 10 most important income-tax changes which will apply from April 1
 Delhi: 54 CAs, company secretaries on radar in I-T crackdown against black money
 10 Income Tax Rules That Will Change From April. See Details Herea
 Looking for last-minute tax planning with Section 80C investments? Here's help
 Aadhaar mandatory for filing income tax return

ICAI working on modern cost accounting for Department of Posts
February, 16th 2012

The Institute of Cost Accountants of India, formerly Institute of Cost and Works Accountants of India, is helping the Department of Posts introduce modern cost accounting systems to efficiently use the 1.50 lakh post offices across the country deliver communication services at reasonable cost, said the ICAI President, Mr M Gopalakrishnan.

Addressing press persons here this morning, Mr Gopalakrishnan said that the institute was also in dialogue with the Federation of Indian Exporters organisation to study and help improve cost competitiveness in exports.

Besides this, we have also suggested two studies on cost competitiveness of ports in India and on cost management system for commercial crops. When asked about the need for emphasis on cost accounting, the ICAI President said that mere reporting of transactional summary through financial statements or compliance with law would not make an enterprise competitive.

Efficient utilisation of the limited resource or eliminating wastage and inefficiencies should be the focus. The Indian corporate sector would have to be more cost conscious in the coming years as they are facing flatter income, higher prices and shrinking margins. In a connected environment, the domestic economy gets hammered by the happenings across the world, he added.

To provide focused attention towards improving cost competitiveness across industry sectors, the Institute is in the process of establishing Centres of Excellence on cost management in about 10 places across the country.

While the centre at Hyderabad is functional, ICAI has acquired 2,400-sq. m plot in Mumbai. Construction of the 30,000 sq.ft building is underway and expected to be ready by end of 2013.

About 4 lakh students study the course either through distance learning or direct learning centres. The Institute organises campus placement to the successful candidates twice every year, he said, adding the success rate is around 70 per cent.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

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