The three initiatives of ICAI to empower MSME
MSME sector is the backbone of the Indian economy as it contributes to the major export industry. MSME industry is perceived as a blessing in disguise for creating employment for low profile jobs and envisaging gradual growth. The Indian government plans to enhance the percentage of export from 48 to 60 percentage. Automobile industry giant […]
ICSI new announcement about CSEET
ICSI important announcement regarding the CSEET examination had promulgated this June 2021. It states that the graduates and postgraduates with 50 per cent marks are open to the admission of the direct route in ICSI 2021. Previously, the direct entry was in practice for ACS as like CA and CMA. It was restricted after the […]
How cost accountings help for saving money in Companies?
The role of a cost accountant is to create a futuristic business strategy. During business expansion, it is essential to measure capital expenditure and expenses for the new product line. Cost-saving methods for a business are inventory management, budgetary controls and standard costing analysis. Among these three checkpoints, inventory management is from the available figures. […]
Re-schedule of Associate Company Secretary Ship Examination
CS June 2021 exams postponed for the executive programme and the professional programme of the ICSI course. ACS course has been re-scheduled from June month to August Month. As per the ICSI announcement today the examination starts on the 10th of August and ends on the 19th of August. There is no negative marking system […]
ICAI offers digital audit tools for chartered accountants
In the world of technological advancement, it is essential to keep the relevant software handy for different domains that the professional is working with. In the arena of auditing, the process and knowledge requirement is put into a nutshell and designed as a software tool by the ICAI institute. This free digital audit tool is […]
Re-schedule of CA exams 2021
ICAI CA final May 2021 examination which was about to happen in May is now rescheduled to July month. It starts on the 5th of June and ends on the 11th of July for Group – I. For the Group – II students New ICAI CA Date sheet shows that the exam starts on the […]
RBI circular on joint statutory Auditor
In April, a new circular came out from RBI which emphasizes the appointment of statutory auditor for commercial banks, large non-banks, housing finance companies, and large urban co-operatives. The advantages of these RBI new guidelines are to reduce cost and also to understand audit and non-audit works during auditing. The joint auditor is the position […]
Union Cabinet recognized MOU with foreign bodies
The Union cabinet from India had recently approved the association of ICAI with other foreign countries. The discussion about this approval was chaired by honourable Prime Minister NarendraModi. IPA {Institute of Public Accountants}, Australia, CISI {Chartered institute for securities and investment, UK}, CIPFA {Chartered Institute of Public Finance and Accountancy}, Srilanka, and ICSA {Institute of […]
How postgraduates and professionals are equivalent?
April 15th 2021 announcement from UGC states that it approved the request of CA/CS and ICWA institute about M.com degree. So, M.com and CA/CS and CMA are treated as equivalent qualification from now on. There is a difference between the professional course and post-graduation. To understand the benefits of adopting post-graduation and professional qualification let […]
Which is better CMA or ACCA?
Finance Students know that CMA is the Indian certification and ACCA is the global certification. CMA is about cost accountancy and ACCA is about financial accountancy and management accountancy. From a global perspective, CMA is easier than ACCA. The course duration and exam pattern are easy to pass for CMA students. Job opportunities are also […]
