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: VAT Audit :: due date for vat payment :: articles on VAT and GST in India :: cpt :: empanelment :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: form 3cd :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES
 
 
« News Headlines »
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits
 Want to save tax? Here are 6 best investment options for you
 Income Tax department activates e-filing facility for all ITRs
 All the income-tax return forms for the current assessment year are available online
 New GST – CONCEPT & STATUS – As on 01st May, 2017

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