IASB and FASB propose a new joint standard for revenue recognition
This proposal marks a key milestone in our joint efforts to improve and converge our standards in one of the most important and pervasive areas in accounting.
CIMA – Managment Accounting Qualification
Management accounting is the practical science of value creation within organizations in both the private and public sectors. It combines accounting, finance and management with the leading edge techniques needed to drive successful businesses. Management accountants operate in financial and non-financial roles throughout organizations and carry out all their training and experience requirements within business itself, providing them with a unique insight into how their organizations operate. Chartered Management Accountants are financially qualified business leaders They operate within all areas [...]
IFRS and Indian Business Environment
What kind of impact IFRS is going to create in Indian business environment? Indian business environment will face sea of changes when Indian corporates will adopt IFRS in 2011. IFRS conversion requires fundamental change on multiple levels, can take up to several years, and affects virtually every function within an organization. Adopting IFRS is going to be very challenging but at the same time could also be rewarding. Indian corporates are likely to reap significant benefits from adopting IFRS. Improvement [...]
Finance and Accounting – An ideal option for Career
Most of the People know that a career in accountancy means a job that has something to do calculation with numbers. If you are someone that is interested in accountancy careers, of course you want to know more about the prospects of a career. As with any other degree, you will want to know the kind of job you will be able to have, the amount of money you will make, and the opportunity for advancement. An accountant generally works [...]
The Transition from GAAP to IFRS
The United States, for some odd reason, has always had its own way of doing things. For example, it is the only country which uses feet and miles as opposed to meters and kilometers. With this in mind, the same goes for accounting. The U.S. has followed Generally Accepted Accounting Principles, or GAAP, as opposed to the rest of the world which follows International Financial Reporting Standards, or IFRS. However in recent years, corporations in the U.S. have started to [...]
Adopt, adapt, accept, acquire IFRS
Indian business environment will face sea of changes when Indian corporates will adopt IFRS in 2011. IFRS conversion requires fundamental change on multiple levels, can take up to several years, and affects virtually every function within an organization. Adopting IFRS is going to be very challenging but at the same time could also be rewarding. PIRON believes Indian corporates are likely to reap significant benefits from adopting IFRS. Improvement in comparability of financial information and financial performance with global peers [...]
We train you to fly, ensuring you don’t know what falling is
PIRON is IFRS training, consulting and outsourcing firm who deliver with human touch and in a way imbibing into the culture of the company engaged with. We adapt and prepare ourselves to serve in the best interests of the company and are flexible to give the best we can, instead of set standards for trainings, providing material for learning, or understanding company’s financial statements, as we believe every company has a unique style and approach to face the challenges. The [...]
Few Facts on Association of Chartered Certified Accountants (ACCA) United Kingdom
Important facts one must be aware of , when going to make career in Business, Finance and Accounting as far as ACCA is concerned : • Founded in 1904, ACCA is the largest and fastest-growing global professional accountancy body in the world with recognition in 160 countries. • ACCA supports 131,500 members and 362,000 students throughout their careers, providing services through a network of 82 offices and 350 exam centres across the world. • Exams: 14 Exams • Exam time: [...]
If you don’t go after the world, the world will be after you
Come academic season, and the parents start worrying about what’s next their children are going to undertake and lots of options are scrutinized to zero on one which all the members of the family should agree , and give their nod that “yes, it’s a viable option” The time is taken away by heavy research work on websites, newspapers and dreaming on money making mouth watering courses in advertisements. Then there are advices from all the relatives, friends and whosoever [...]
Career-Winner or Loser ?
Life is indefinable and is said to be uncertain. In everyone’s life, there are times when our decisions make our life, the way we lead our life, and are not led by uncertainties. The time when we command and live the way, we would like to. To fulfill the above said wishes, apart from our family life, one important decision which needs our backing throughout our life is our Career. Career means the way we would like to carry our [...]
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