kvith Working Capital Finance from Deutsche Bank

 

fts a chartered accountant, you can be a mentor for the businesses you support.

Help companies to meet their cash flow requirements needed for growth,

Lvith Deutsche Bank Working Capital Finance.

Deutsche Bank has been a strong partner to Indian clients for over 30 years. We have been offering comprehensive business banking services over the past decade in 16 major cities: Ahmedabad | Aurangabad | Bangalore | Chennai | Delhi | Gurgaon| Kolhapur | Kolkata | Ludhiana | Moradabad | Mumbai | Noida | Pune | Salem | Surat | Vellore

[Avail from a spectrum of services that includes Lending Against Liquid Securities, bverdraft and Cash Facility, Letter of Credit (LC) and Bank Guarantee, Foreign Exchange, Business Instalment Loan and Small Business Overdraft, etc.

For more information:

U SMS LOANS to 561615 I— Visit www.deutschebank.co.in

\p0Si*i(n^’hr ‘pevftnrvn.

and conditions apply.

facilities/products referred in this communication are subject to the general business conditions of Deutsche Bank AG, India (“Deutsche Bank”), other terms and

r

ions applicable to these facilities/products and relevant statutory regulations. The final decision to offer these facilities/products shall be at the sole discretion of the The Bank may request any additional documents/information from the applicants to determine the applicant’s eligibility for any facility/product and to take appropriate ■a exposure decision. The above information is only a summary and may not contain all material information.

 

 

 

 

Report

Piyush Goyal receiving bouquet

profession will stand up to the requirements of the time. “I think gradually this will move to e-books on the computer and maybe in the years to come, we will move into an era of paperless accounting work within our Institute,” he added.

Stressing that the new Government was “hungry for newer and better ideas,” he urged the Chartered Accountant fraternity to share the same with the Government.

On the issue of accrual accounting, he said: “I fully agree and endorse the idea. In my budget speech of 2012, I had flagged off this issue in Parliament in Rajya Sabha. The then Finance Minister, Pranab Mukherjee, now the President of India, at the end of the debate held my hand and took me all the way to his room discussing about the accrual system of accounting. After that he became

YOUR NETWORK

PRESIDENT

ICAi

PRESIDENT GPA AUSTRALIA

The Institute of Chartered Accountants of India and CPA Australia have recently extended an important agreement that paves the way for members of each institute to gain reciprocal membership, creating new opportunities for members across the globe.

The Mutual Recognition Agreement (MRA) between the ICAI and CPA Australia allows appropriately qualified members of each body to apply for full membership of the other body.

The agreement ensures ongoing collaboration and cooperation in the future between ICAI and CPA Australia to further enhance the accounting profession.

Highlights of the Agreement:

Clear path to membership

Transfer of skills between leading global accountancy bodies

For more information, speak with one of our staff members at the CPA Australia stall. cpaaustralia.com.au/icai

CPA

 

Report

Awarding Prizes to Meritorious Students

the President of India and was not able to take this forward.” “I hope this is the idea we have to assess and think on how we should go about it. I would urge you to give us your ideas on how to transfer from cash system to accrual system. How it will impact national financial reporting. What are the comparables. I would love to champion this project on behalf of this Institute.”

“The Institute should more pro-actively engage with the standing committees of the Parliament, which make the laws of the land. I think the role of the chartered accountants today is also beyond auditing and accounting. I would urge the Institute to participate in the consultation process that happens through the standing committees of Parliament,” CA Goyal added.

“We, the chartered accountants, have expertise in different fields, be it insurance, the banking, power sector, manufacturing and each of these we can possibly participate and help the government to do its job better. I must also compliment the Institute for having accepted my request to help us audit the massive toilet programme, sanitation programme that the Government of India has embarked upon… You may recall that recently the Hon’ble Prime

Minister has announced that within 12 months we shall have a separate toilet for boys and girls in every school in the country. And towards that end, the companies under the Power Ministry, Coal Ministry and Renewable Energy Ministry have undertaken a massive programme as a part of their corporate social responsibility (CSR) to set up over a 100,000 toilets all over the country. I have requested the Institute if the Chartered Accountants across the country could take this up as a part of your own CSR to audit the work that is being done, to verify the quality standards that are being maintained, that the money is being well spent, I think that will be a great public service.”

Stressing the importance of IFRS, CA. Piyush Goyal said: “Of course, as the investment climate in the country is changing, IFRS will have an important role to play. Investors, particularly international investors, are keen to see India implement the International standards at the earliest.”

Talking on the significance of ethics, he said: “It is equally important that we as a CA do our due diligence on our own work very honestly and in the highest level of integrity because ultimately it is on our certification that international investors come to India, invest in


fts a chartered accountant, you can be a mentor for the businesses you support.

Help companies to meet their cash flow requirements needed for growth,

Lvith Deutsche Bank Working Capital Finance.

Deutsche Bank has been a strong partner to Indian clients for over 30 years. We have been offering comprehensive business banking services over the past decade in 16 major cities: Ahmedabad | Aurangabad | Bangalore | Chennai | Delhi | Gurgaon| Kolhapur | Kolkata | Ludhiana | Moradabad | Mumbai | Noida | Pune | Salem | Surat | Vellore

[Avail from a spectrum of services that includes Lending Against Liquid Securities, bverdraft and Cash Facility, Letter of Credit (LC) and Bank Guarantee, Foreign Exchange, Business Instalment Loan and Small Business Overdraft, etc.

For more information:

U SMS LOANS to 561615 I— Visit www.deutschebank.co.in

\p0Si*i(n^’hr ‘pevftnrvn.

and conditions apply.

facilities/products referred in this communication are subject to the general business conditions of Deutsche Bank AG, India (“Deutsche Bank”), other terms and

r

ions applicable to these facilities/products and relevant statutory regulations. The final decision to offer these facilities/products shall be at the sole discretion of the The Bank may request any additional documents/information from the applicants to determine the applicant’s eligibility for any facility/product and to take appropriate ■a exposure decision. The above information is only a summary and may not contain all material information.

Report

Piyush Goyal receiving bouquet

profession will stand up to the requirements of the time. “I think gradually this will move to e-books on the computer and maybe in the years to come, we will move into an era of paperless accounting work within our Institute,” he added.

Stressing that the new Government was “hungry for newer and better ideas,” he urged the Chartered Accountant fraternity to share the same with the Government.

On the issue of accrual accounting, he said: “I fully agree and endorse the idea. In my budget speech of 2012, I had flagged off this issue in Parliament in Rajya Sabha. The then Finance Minister, Pranab Mukherjee, now the President of India, at the end of the debate held my hand and took me all the way to his room discussing about the accrual system of accounting. After that he became

YOUR NETWORK

PRESIDENT

ICAi

PRESIDENT GPA AUSTRALIA

The Institute of Chartered Accountants of India and CPA Australia have recently extended an important agreement that paves the way for members of each institute to gain reciprocal membership, creating new opportunities for members across the globe.

The Mutual Recognition Agreement (MRA) between the ICAI and CPA Australia allows appropriately qualified members of each body to apply for full membership of the other body.

The agreement ensures ongoing collaboration and cooperation in the future between ICAI and CPA Australia to further enhance the accounting profession.

Highlights of the Agreement:

Clear path to membership

Transfer of skills between leading global accountancy bodies

For more information, speak with one of our staff members at the CPA Australia stall. cpaaustralia.com.au/icai

CPA

 

Report

Awarding Prizes to Meritorious Students

the President of India and was not able to take this forward.” “I hope this is the idea we have to assess and think on how we should go about it. I would urge you to give us your ideas on how to transfer from cash system to accrual system. How it will impact national financial reporting. What are the comparables. I would love to champion this project on behalf of this Institute.”

“The Institute should more pro-actively engage with the standing committees of the Parliament, which make the laws of the land. I think the role of the chartered accountants today is also beyond auditing and accounting. I would urge the Institute to participate in the consultation process that happens through the standing committees of Parliament,” CA Goyal added.

“We, the chartered accountants, have expertise in different fields, be it insurance, the banking, power sector, manufacturing and each of these we can possibly participate and help the government to do its job better. I must also compliment the Institute for having accepted my request to help us audit the massive toilet programme, sanitation programme that the Government of India has embarked upon… You may recall that recently the Hon’ble Prime

Minister has announced that within 12 months we shall have a separate toilet for boys and girls in every school in the country. And towards that end, the companies under the Power Ministry, Coal Ministry and Renewable Energy Ministry have undertaken a massive programme as a part of their corporate social responsibility (CSR) to set up over a 100,000 toilets all over the country. I have requested the Institute if the Chartered Accountants across the country could take this up as a part of your own CSR to audit the work that is being done, to verify the quality standards that are being maintained, that the money is being well spent, I think that will be a great public service.”

Stressing the importance of IFRS, CA. Piyush Goyal said: “Of course, as the investment climate in the country is changing, IFRS will have an important role to play. Investors, particularly international investors, are keen to see India implement the International standards at the earliest.”

Talking on the significance of ethics, he said: “It is equally important that we as a CA do our due diligence on our own work very honestly and in the highest level of integrity because ultimately it is on our certification that international investors come to India


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