This is a post by CMA Devarajan Swaminathan. He is a practising members based in Thane, Mumbai
Suggestions on GACAP, CAS and essentially on Cost Information Presentation:
Please note that “costs”, “expenses” , “losses” , “expenditure” have NOT been used interchangeably. They all have distinct conotations.
1. The Term “Cost” needs to […]
Entries Tagged as 'Reporting Standards'
Suggestions- GACAP-CAS-Cost Information Presentation
November 11th, 2011 · No Comments
Tags: Cost Accounting Standards · Management Accounting · Reporting Standards
Costing drives sustainability measurement in organizations
July 10th, 2011 · No Comments
This is a post by CMA R.Veeraraghavan. He is a Fellow of the ICWAI, Dy. CAO at the Mumbai Port Turst and also a moderator in this portal.
Lack of transparent performance measurement and reporting in the business world is the main reason for the global financial crisis that we are witnessing in […]
Tags: Cost Accounting Standards · Management Accounting · Risk Management
Cost Accounting Standards (CAS) - Justification
September 18th, 2010 · 1 Comment
This is a post by CMA.Veerarghavan Iyengar MIMA,FICWA
Cost Accounting standards are basically an attempt to standardise the Cost Accounting practices among businesses and Governance. The Existing and Generally Accepted cost accounting practices are gradually attempted to be replaced with a set of documents in the nature of guidance to treatment of Transactions in the cost Accounting […]
Tags: Cost Accounting Standards · Management Accounting · Reporting Standards
IASB Framework - Financial Statements
July 24th, 2009 · No Comments
This is a guest post by CMA Devarajan Swaminathan. He has over 10 years post qualification experience in Accounting, Auditing, Finance as well as Management Accounting. He is the proprietor of Devarajan Swaminathan & Co - Cost Accountants.
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The International Accounting Standards Committee Foundation (IASC Foundation) Constitution mentions about […]
Tags: IFRS · Reporting Standards
The Organization Structure of the IASC Foundation
June 13th, 2009 · No Comments
This is a guest post by CMA Devarajan Swaminathan. He has over 10 years post qualification experience in Accounting, Auditing, Finance as well as Management Accounting. He is the proprietor of Devarajan Swaminathan & Co - Cost Accountants.
View CMA.Devarajan Swaminathan’s profile
IFRS or The International Financial Reporting Standards are the accounting standard norms […]
Tags: IFRS