Difference between Management Accounts and Financial Accounts

Many professionals we come across get confused between two different fundas. In the process they are unable to present to the Management, a businessman’s angle. This ends up in suggesting in the process, the legally compliant record keeping.  The concept happens to be pretty simple but not available in any book in Structured fashion to … Read more

Spirit behind IFRS

Q 1 What are the primary differences with IFRS?  A 1 GLOBAL vs LOCAL SUBSTANCE vs FORM GROUP vs STANDALONE ENTITY vs COMPANY PRINCIPLES vs RULES FAIR VALUE vs HISTORICAL COSTS BALANCE-SHEET vs P and L  Q 2 What is advantage India in whole process?  A 2 That is what one refers as GLOBAL vs … Read more

How SOPs serve as knowledge management tools

I take pride in telling my CMA professional colleagues, that if there is one area where CMAs beat hands down to other professionals (read chartered accountants, whom we are always jealous of and therefore continue to benchmark) colleagues it is “processes” Having privileged to work on processes and process manual in five companies by now, … Read more

How to prepare CV? (with A to Z DON’Ts)

I found a marked difference in CVs of CAs and B-School MBAs. After some 10000 +interviews taken in career and certainly 3000 plus people selected and 300 plus lectures delivered on this subject, mainly in GMCS batches of ICAI and also SMTP batches of ICSI and numerous management institutes and many chapters of ICWAI in … Read more