CA, CS, CMA - Page 5

ICAI President’s Message-March 2019

As we know, in a ghastly and gruesome attack on our CRPF personnel in the Pulwama district of Jammu & Kashmir, 40 personnel were killed. We strongly condemn this despicable and cowardly act. ...

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Posted Under: CA, CS, CMA |

INC-22A (Active Company Tagging Identities and verification)

INC-22A (Active Company Tagging Identities and verification) is notified by MCA vide notification dated 21stFebruary, 2019  (Companies (Incorporation) Amendment Rules, 2019) Active Company Tagging Identities and Verification (ACTIVE) (1) Every Company Incorporated on or before 31st December 2017 shall file the particulars of the company ...

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Posted Under: CA, CS, CMA |

Exposure Draft of Definition of Material Amendments to Ind AS 1 and Ind AS 8

Following is the Exposure Draft of the Amendments to Ind AS 1, Presentation of Indian Accounting Standards, and Ind AS 8, Accounting Policies, Change in Accounting Estimates and Errors, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India for comments....

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Posted Under: CA, CS, CMA |

Definition of a Business Amendments to Ind AS 103

Following is the Exposure Draft of the Amendments to Ind AS 103, Business Combinations, issued by the Accounting Standards Board of the Institute of Chartered Accountants of India for comments....

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Posted Under: CA, CS, CMA |

Exposure Draft Revised Guidance Note on Accounting of Political Parties

During the year 2012, ICAI had issued a Guidance Note on 'Accounting and Auditing of Political Parties' as desired by the Election Commission of India. The Guidance Note is now being upgraded to incorporate certain improvements and changes in the operating environments since then. It has also been decided to issue the guidance for Auditin...

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Posted Under: CA, CS, CMA |

Practical situations on Ind AS 21 and ITFG

NA (NA//)

Case 1: P Limited, an Indian entity, engaged in providing IT services worldwide. Following are the key points of the IT business: Generates 60% revenue in USD and 40% in rest of the currencies. 50% operating costs are incurred in INR, 40% in USD and 10% in rest of the currencies. Raises 80% finance in […]...

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Posted Under: CA, CS, CMA |

Ind AS 21 – Effect of changes in Forex rates

Ind AS 21: The effect of changes in foreign exchange rates Applicability: 1. Accounting of transaction and balances in foreign currency 2. Translating results and financial position of foreign operations 3. Translating entity’s results and financial position into PRESENTATION CURRENCY Not Applicable to: 1. Foreign currency derivatives w...

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Posted Under: CA, CS, CMA |

Brief overview of Ind As 116 Leases (Proposed from 1.4.2019)

IND AS 116 Leases (Proposed to be applicable from 1.4.2019  Standard is proposed to be effective from annual periods beginning on or after 1 April 2019 (MCA notification is pending). The proposed standard for lessee eliminates the accounting difference between an operating lease and an finance lease.  Lessee’s with operating lease...

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Posted Under: CA, CS, CMA |

Result of CS Professional & Executive Programme Exam on 25.02.2019

The result of Company Secretaries Professional Programme and Executive Programme examinations held in December, 2018 is scheduled to be declared at 11.00 A.M. and 2.00 P.M. respectively on Monday, the 25th February, 2019 through the website of the Institute: www.icsi.edu...

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Posted Under: CA, CS, CMA |

Valuation: Professionals Insight (ICAI Book)

Valuation as a profession was required to be disciplined for bringing in uniformity in the practices and procedures followed by Valuation professionals. In this direction, the Government of India has come out with a legal framework for this niche area of practice. With the notification of Section 247 of the Companies Act, 2013 and the [&h...

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Posted Under: CA, CS, CMA |

Latest ICAI , ICSI, CMA News

Chartered Accountants or Company Secretaries , Cost Accountants are a group of extraordinary people. Wherever they go, they bring difference. They’re talented, ambitious and are in demand. If you are thinking about a career which offers respect, prestige, great financial rewards, and better prospects becoming a Chartered Accountant, Cost Accountnat  or a Company Secretary is a perfect way to start. For becoming a CA, CMA or a CS you need to qualify the CA exam, CMA exam and the CS exam respectively. The CA, CMA and CS qualifications are exceptional prestigious and internationally respected which would offer you the skills, knowledge, and values to be a sought after business professional. The CA, CMA and CS qualifications comprises of relevant professional study and practical experience.

The ICAI (Institute of Chartered Accountants of India) is the empowering body for Chartered Accountants in India, The ICAI (The Institute of Chartered Accountants of India )  for Cost Accountantgs in India and the ICSI (Institute of Companies Secretaries of India) is the regulating body of Company Secretaries in India.

At Taxguru, we provide you with all the latest updates and announcement with respect to CA exam, CMA Exam and CS exam. Find all the latest news on ICAI and all the relevant updates related to CPT exam, IPCC and Finals. Get to know what’s new and what trending in the world of CS, CMA with all the latest news on ICSI, CMA here at Taxguru.

At Taxguru, we publish blogs and articles at regular intervals for the enlightenment of our readers who are pursuing CA, CMA or CS or have completed the esteemed professional course. We ensure that we bring you all the latest insights and guidance in your journey towards your goal to achieve success in CA, CMA and CS exams. We keep you posted on all important and significant ICAI news and ICSI news and ensure to keep updated with the trending information from the world of these profound professions.