November 29, 2007 • 6:52 am
It is quite good to see articles published in the leading magazines encouraging people to make their career in cost accountancy. Articles like these make general public aware of the role of cost accountants in the business.
The article is a published in Tribune and very informative article. The author writes
“Cost and management accounting helps in planning, monitoring and controlling the cost and price of a product or a service. The process involves critical monitoring of relevant costs and overheads like material, labour, capital costs etc., involved in making a product or providing a service. Such accountants analyse the sales trend to strike a balance between the demand and supply, to prevent overproduction. They also monitor the performance, to spot and report on problems and prevent them from occurring in future. The job involves advice on product pricing, production planning and inventory control, product wise return on capital employed, investment proposals, preparing profit and loss reports etc. The cost accountant, therefore, monitors the company’s performance and efficiency, and guides managerial decisions by making financial forecasts. With the growing competition in the corporate sector, the role and importance of cost accountants has increased greatly, as they closely analyse costs and devise ways to reduce it as far as possible.”
Click here to read more on The Tribune
Regards,
Santosh Puthran
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Filed under: Career, Management Accountant
November 27, 2007 • 7:00 am
The study of UK senior executives, titled ‘Corporate Responsibility and the Modern Business Leader’, found that:
- Employees expect the business that they work for to adopt a like-minded approach to the environment, community welfare, sustainability, employee diversity and work/life balance.
- Younger employees are more concerned with their employer’s corporate responsibility activities than ever before.
- Senior managers agreed that staff often drive the corporate social responsibility programme ‘from the ground up’, particularly within SMEs.
- Organisations have responded to corporate social responsibility demands as a way to retain good people and foster a positive culture.
Click here to read more – Study by Robert Half
Filed under: Career, Management Accountant
November 25, 2007 • 9:10 pm
The Securities and Exchange Board of India will soon come out with the final guidelines on real estate mutual funds. In June this year, the market regulator had approved the primary guidelines allowing mutual funds to launch dedicated real estate funds. These funds will be close-ended ones.
While all these funds will have to appoint custodians for the safe keep of property titles, the units of these funds will be listed on stock exchanges and traded on the basis of the net asset value of the scheme. No mutual fund house has, so far, come out with real estate funds as there is ambiguity on the valuation process of underlying properties.
Click here to read more
The downside is SEBI expects ICAI to come up with guidelines for real estate mutual funds. It is a shame that GOI has not come up with Accounting/Auditing Standards Board which is independent of any Accounting body.
Regards,
Santosh Puthran
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Filed under: Management Accountant, News Makers
November 24, 2007 • 1:54 pm
Image Source: istockphotos
I have picked up the article from
http://www.mercer.com/summary.jhtml/dynamic/idContent/1269170 where they have given a list of Top 10 companies to work in India. Majority of the companies are IT companies and traditional companies like TATA, Birlas, Reliance does not fit into the role.
The report suggests, “The selection process involves assessment of the company on four quadrants – Employee Perception and Satisfaction, HR process robustness, HR metrics and Stakeholder feedback which involves seeking the views of the labor market representatives and business community of the company’s perceived people management focus. The data gathered on four quadrants is evaluated and clearly defined parameter weightages are used to determine a company score.”
I would request readers of MA blog to vote on poll which they consider to be the best company to work with. Please comment on whether the survey done by the leading magazines give a true picture of the company whether they are best one to work for.
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Regards,
Santosh Puthran
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Filed under: Management Accountant, News Makers, Poll
I have picked up the article from
www.mercer.com where they have given a list of Top 10 companies to work in India. Majority of the companies are IT companies and traditional companies like TATA, Birlas, Reliance does not fit into the role.
The report suggests, “The selection process involves assessment of the company on four quadrants – Employee Perception and Satisfaction, HR process robustness, HR metrics and Stakeholder feedback which involves seeking the views of the labor market representatives and business community of the company’s perceived people management focus. The data gathered on four quadrants is evaluated and clearly defined parameter weightages are used to determine a company score.”
I would request readers of MA blog to vote on poll which they consider to be the best company to work with. Please comment on whether the survey done by the leading magazines give a true picture of the company whether they are best one to work for.
Track the results of the poll by subscribing to the RSS feed
Do you like to remain updated in Accountancy?Subscribe to Management Accountant by Email
Regards,
Santosh Puthran
- Tag “Jobs” on MA blog
Amazon.co.uk Widgets
Filed under: News Makers, Poll
Superannuation industry(supervision)act1993 and its regulation 1994 following is the criteria for audit of accounts:
- Any of the following persons.
- A member of ICAA, ICPAA, NIA.
- A registered company auditor
- A member of the association of taxation and management accountants.
- A member of national taxation agents and accountants association.
Auditor general of the commonwealth.
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Filed under: Management Accountant
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