Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: empanelment :: VAT Audit :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: due date for vat payment :: cpt :: list of goods taxed at 4%
  Advanced Integrated Course on Information Technology and Soft Skills (Advanced ICITSS)-Information Technology Test
 CPE Events 19th March - 24th March 2018
 Advertisement for Invitining Consultants to Work With ICAI Accounting Research Foundation on Research Projects (in Chennai)
 Question Bank on IBBI Limited Insolvency Examination
 Here's how you can fix it Made a mistake while filing tax returns?
 Government Nomination on the Bench II and Bench III of the Disciplinary Committee Bench II and III
 Stringent Action Against Adoption of Unfair Means
 Guidance Note on Audit of Banks 2018 edition issued by the Auditing and Assurance Standards Board
 Assessment Test of the Certificate Course on International Taxation organized by the Committee on International Taxation of ICAI -15th April, 2018 (Sunday)
 Advisory for the Members regarding Allocation of Work among the Joint Auditors in case of Bank Audits
  Group to Study the Amendments Proposed by the High Level Committee set up by the MCA

ICAI to help Posts change accounting system
March, 07th 2013

The ubiquitous post offices across the country are in for a change in their accounting practices. They have got help from the Institute of Chartered Accounts of India (ICAI) for this.

Accordingly, the Department of Posts is switching over from cash-based to accrual-based accounting system. A memorandum of understanding has been inked to make this possible, said K. Raghu, the newly elected Vice-President of the ICAI.

There will be a series of training programmes organised across the country in select post offices in all the 22 circles to familiarise the staff on accrual basis of accounting. Bangalore and Jaipur have been put through this training sessions, he told newspersons here today.

Raghu was here to inaugurate a seminar on bank audit organised by the Hyderabad branch of the Southern India Regional Council of the ICAI. About 600 CAs haven taken part in the event, said Dayakar Gelli, Chairman of the Hyderabad Branch.

Referring to delays in implementation of the International Financial Reporting Standards, Raghu said preparedness was needed for the industry as well as professionals.

The ICAI has recommended a roadmap to the Ministry of Corporate Affairs. Accordingly, in Phase 1: For companies with net worth more than Rs 1,000 crore — the implementation will be from April 1, 2015. Phase II: For companies with net worth more than Rs 500 crore — April 1, 2016. Phase III: For listed entities not covered under the above — April 1, 2017.


Referring to placements for CAs, Raghu said there has been campus recruitment across 22 locations in 350 colleges where newly qualified CAs are offered a initial pay packet in the range of Rs 6 to 7 lakhs.

Qualified CAs not only get good placements in India but also find employment in Gulf like Muscat, Kuwait and earn three times the salary there. Unlike other areas, it is quite cheaper to complete CA, he added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

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