Part I Financial Accounting Accounting as a financial information system; Impact of behavioural sciences. Accounting Standards e.g., accounting for depreciation, inventories, gratuity, research and development costs, long term construction contracts, revenue recognition, fixed assets, contingencies, foreign exchange transactions, investments and government grants. Advanced problems of company accounts. Amalgamation absorption and reconstruction of companies. Valuation of shares and goodwill. Cost Accounting Nature and functions of cost accounting. Job Costing Process Costing...
05:41 PM, Jul 03, 2012
CNBC-TV18 banking editor Latha Venkatesh explains why the rupee continues to fall. ...
10:30 PM, Jun 22, 2012
Mumbai: In an ambitious move, the Finance Ministry has asked banks to ensure that at least one person per family across the country has a bank account in the next six months. As per the 2011 census, only three in five families have a bank account in the country, or 40 per cent of the families are not in the banking system, a senior Finance Ministry official said. "During the...
12:35 AM, Jun 18, 2012
Washington: Bharatiya Janata Party would make public the names of 800 Indian account holders in Swiss Banks if it comes into power in the 2014 general elections, senior party leader Yashwant Sinha has said. "Of course, we will do. Of course, we will do," Sinha told a small audience at an event organised by a recently formed Washington-based Indian American think-tank Foundation for India and Indian Diaspora Studies (FIIDS). "Will...
05:53 PM, May 30, 2012
New Delhi: The CBI on Wednesday summoned YSR Congress chief Jaganmohan Reddy in connection with the disproportionate assets case. This is the first time that the MP has been summoned. Jagan had moved a petition in Andhra Pradesh High Court requesting exemption since he is not available due to the on-going election campaigning but the court rejected his petition. Jagan now has to appear before the CBI for questioning on...
06:14 PM, May 23, 2012
HYDERABAD: Tightening its noose around Kadapa MP YS Jagan Mohan Reddys neck, the CBI on Tuesday reportedly froze the bank accounts of his three companies - Jagathi Publications Pvt Limited, which publishes Saakshi Telugu newspaper, Indira TV, promoter of Saakshi TV, and Janani Infrastructure Ltd, which owns the premises used by both Jagathi Publications and Indira Television.The charge against the three companies is that huge amounts of money were invested...
11:19 AM, May 09, 2012
New Delhi: The CBI has frozen the accounts of Sakshi TV and other media houses owned by Kadapa MP YS Jaganmohan Reddy. This as part of the probe against the Andhra Pradesh leader in an alleged disproportionate assets case. The CBI has approached banks for freezing accounts of Jagati Publications and Indira TV owned by Jagan. The move by the agency comes a day after a special CBI court in...
01:29 AM, May 09, 2012
New Delhi: In a development that will boost the fight against black money menace, Switzerland has agreed to provide details of secret bank accounts of individuals sought by India even on the basis of limited information. Under a mutual agreement reached on April 20 between the two countries, Switzerland has agreed to give liberal interpretation to the provisions concerning identities of Indian citizens. "... it is sufficient if the requesting...
03:07 PM, Apr 30, 2012
New Delhi: Search engine Google has launched 'Account Activity' -- a new service that collates activities of users on all Google-owned sites including the popular 'Gmail' and 'YouTube' offerings. The service would provide information to the users on a monthly basis. "Sometimes it's helpful to step back and take stock of what you're doing online...If you sign up (for Account Activity), each month we'll send you a link to a...
11:22 PM, Mar 29, 2012
pLos Angeles: A man pleaded guilty to hacking into the email accounts of such celebrities as Christina Aguilera, Mila Kunis and Scarlett Johansson, whose nude photos eventually landed on the Internet. Christopher Chaney, 35, entered his plea in federal court to nine counts, including unauthorised access to a computer and wiretapping. He was immediately taken into custody. Sentencing was scheduled for July 23. Chaney was arrested in October as part...
05:20 PM, Mar 27, 2012
Mumbai: Tax authorities have warned top Indian carrier Jet Airways its bank accounts will be frozen if it does not clear outstanding dues of about 690 million rupees, local media reported on Sunday. "They have 24 hours to make the payment, failing which their accounts will be frozen," SK Goel, chairman of the Central Board of Excise and Customs, was quoted by the Business Standard newspaper as saying. In a...
01:31 AM, Mar 12, 2012
London: Titanic's captain was drunk when the ill-fated ocean liner carrying 2228 people hit an iceberg and sank, a previously unseen account by a survivor has claimed. Captain Edward Smith was apparently seen drinking in the saloon bar of the doomed ship in the run-up to the catastrophic collision that led to its sinking on April 15, 1912. History books record that the white-whiskered skipper was woken in his cabin...
01:26 PM, Mar 09, 2012
Tamil Nadu Bishop's Council has asked the Prime Minister to stop harassing the Christians. ...
08:46 PM, Mar 08, 2012
New Delhi: Two foreigners were arrested in the capital for allegedly hacking the bank account of a confectionery company in New Delhi and fraudulently withdrawing about Rs 16 lakh. A laptop, mobile phone, fake South African passport and Indian Visa and other materials were recovered from Evans Ukah Mendi (34), who is from Cameroon, and William Tambo (37), hailing from South Africa, police said on Monday. On February 29, a...
09:33 PM, Mar 05, 2012
New Delhi: The Corporate Affairs Minister has ordered an inquiry into its books following complaints from numerous investors against real estate major DLF. The senior officials of the ministry say they've received several complaints alleging that there are anomalies in the company's books. Sources says that SEBI has sent a reference to the Ministry in this regard. The Companies Act empowers the ministry to call and scrunitise a company's books....
06:32 AM, Mar 02, 2012
Srinagar: The Jammu and Kashmir government has said the appointments of politicians as advisors and vice-chairpersons to various boards were legal and within the constitutional limit. "The advisors and Vice-Chairmen of various boards were appointed by the state government within the parameters of constitution and law of the State and are as such absolutely legal being in accordance with the constitution of the state," Law and Parliamentary Affairs Minister Ali...
09:27 AM, Feb 19, 2012
Srinagar: The State Accountability Commission (SAC) has served notices to Jammu and Kashmir Chief Minister Omar Abdullah and others in a case challenging the appointment of several of his advisors. They have been asked to file a response by the March 5. The SAC probe found that many persons were made Cabinet Ministers or Ministers of the State even though they were not entitled to it. The General Administration Department...
10:47 AM, Feb 18, 2012
London: Chelsea spent 28 million Pounds on firing manager Carlo Ancelotti and hiring Andre Villas-Boas, an outlay that does not appear to be paying off with the team performing worse in the English Premier League this season. Ancelotti was ditched in May after failing to win a trophy in his second season at Stamford Bridge, prompting owner Roman Abramovich to take a costly gamble on luring the inexperienced Villas-Boas from...
02:46 PM, Feb 09, 2012
New Delhi: Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country. A recent directive of the Central Board of Direct Taxes (CBDT) to the I-T Dept has asked its officials to launch a special drive against those who have "not furnished their PAN (Permanent Account...
10:12 AM, Feb 05, 2012
New Delhi: Pakistan's main anti-corruption watchdog, The National Accountability Bureau, is considering filing a case of misuse of authority against Prime Minister Yousuf Raza Gilani under which he could face a prison term of 14 years if convicted. The NAB is mulling the filing of the case in connection with appointment of Adnan Khwaja, Chairman, Oil & Gas Development Company. The chairman has already been charge sheeted in a graft...
11:26 AM, Jan 18, 2012
