ICAI

Role of a Chartered Accountant in Nation Building

It was well said by Dr. APJ Abdul Kalam that Chartered Accountants are partners in the nation building.Chartered Accountancy is not only about Debit and credit of accounts. Scope of Chartered Accountancy has grown at gigantic level.Chartered Accountants are the backbone of  the nation’s economy and due to their financial expertise, they can guide the nation by suggesting various economic and financial measures to uplift the deteriorating Indian economy and boost up the economic as well as industrial growth [...]

AS-26- Intangible Assets (Part – 2)

Hello everyone, thanks for the appreciation for the first part of AS 26, now we will start the second part of our AS 26.In case you have missed the previous part, then don't worry and click here to read it.Self generated Intangible asset are Goodwill, titles, brand, copyrights will not be recognised in accounts. Other self generated Intangible asset should be recognised in accounts for example websites, softwares, patents, knowhow, formulation.Expenditure incurred on research should be recorded as expense. [...]

AS-26- Intangible Assets (Part 1)

Recognition Of AS-26- Intangible Assets, Its Accounting Treatment And Disclosure Requirement (Part 1)Being a commerce professional the term Intangible Asset is so common, generally we think  intangible asset is that asset which we cannot touch, feel, see etc. so according to this meaning prepaid advances is intangible assets as we cannot feel, touch or see, but it is not so prepaid advances are not intangible assets it is tangible, So friends discussing with you all in detail the concept [...]

Tata Consultancy Services signs Memorandum of Understanding with Institute of Cost Accountants of India

Atul Khurana.As part of the MoU, ICAI will deploy and leverage TCS’ Digital Content Market Place Platform ­ Digital HUB to drive the institute’s digital transformation efforts.According to a release, ICAI’s digitization efforts through TCS iON Digital HUB will aim to provide improved services to students & members allowing them easy access to the vast knowledge base of the institute.TCS iON will bring Vocational & Skill Courses to ICAI students & its members through iON Digital HUB. Both organisations [...]