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NACA
- NASA's Langley Research Centre turns 100New York, July 18 (IANS) NASA's Langley Research Centre -- a facility that changed the way how aeroplanes fly today and space is explored -...
NACAS asks government to defer Ind AS 115 implementationApex accounting advisory panel NACAS has asked the government to postpone implementation of a key revenue recognition standard.- Breather for India Inc: NACAS gives nod for deferral of new Accounting StandardsThe NACAS or the National Advisory Committee on Accounting Standards has decided to defer the implementation of Ind AS 115.
- Final report on new accounting norms likely within 15 daysThe report will specify certain carveouts or exceptions since India is only converging with IFRS and not adopting the norms entirely.
- NACAS to complete IFRS convergence report by November-endChopra said that the panel would complete its report by November-end and the first meeting of the re-constituted committee is expected to b...
- Accounting, business objectives mismatch to spell trouble: NACASAccounting standards should ensure accountability among the stakeholders, National Advisory Committee on Accounting Standards (NACAS) Chair...
- Corporate disclosures to include live-in relationships from next yearCorporate disclosures from the next financial year will include details of transactions between top managers and their domestic partners, w...
- ICAI opposes proposal for super-regulatorThe proposal to create an over-arching regulator to oversee auditing norms in the country has been opposed by the Institute of Chartered Ac...
- Lessons From Satyam Fraud: Watchdogs' panel to tally ICAI’s auditing normsAuditing norms prepared by the Institute of Chartered Accountants of India (ICAI) are likely to be vetted by an umbrella body consisting of...
- MCA plans expert panel to formulate cost audit normsThe government may set up an expert panel to advise it on how to prepare norms for companies to record and submit sensitive operational det...
- Govt steps in to cushion India Inc’s forex lossesThe government has paved the way for Indian Inc to guard its margins from taking a blow dealt by foreign exchange losses, which have been i...
- India Inc may’ve to file forex losses as separate disclosureCorporate India will have to disclose the market value of the foreign exchange assets and liabilities outside their financial statements in...
- New accounting norm may not change economic profiles of cosThe likely suspension of Accounting Standard II - an accounting norm which requires companies to mark-to-market their foreign exchange asse...
- Delay in AS11 rollout may help cos report higher profitThe current fiscal year could see many companies overstating their profits, if their short-term current account liabilities mature next yea...
- Postponement of AS11 to benefit Tata Steel, Tata Motors, RanbaxyThe decision of National Advisory Committee on Accounting Standard (NACAS) to postpone implementation of accounting standard - 11 until Apr...
- India Inc may get 2-year relief over forex lossesThe National Advisory Committee on Accounting Standards has favoured suspending for two years a key rule that requires firms to mark-to-mar...
- MCA no to Irda representative on accounting panelThe ministry of corporate affairs has turned down the finance ministry’s request for inclusion of a representative from IRDA in National Ad...
- Adopt govt rules on accounting: ICAI to SebiICAI has asked capital market watchdog Sebi to make companies conform to only those accounting norms that have been notified by the governm...
- Companies can now write off VRS expensesThe Institute of Chartered Accountants of India (ICAI) has decided to allow business enterprises to the write off expenditure on voluntary ...
- Govt may relax expensing of VRS payoutsIndia, Inc. need not worry about its bottomline being hit by a new accounting regulation insisting on immediate expensing of payouts on vol...
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