Management Accounting

Launched by Indian CMAs : The Members of ICAI

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Entries Tagged as 'Reporting Standards'

Suggestions- GACAP-CAS-Cost Information Presentation

November 11th, 2011 · No Comments

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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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Tags: IFRS