Home » Author Archives: News Manager

Author Archives: News Manager

IASB and FASB issue converged standard on recognition of revenue from customer contracts

IASB FASB converged standard on revenue recogntion from customer contracts

KARACHI (June 24, 2014) – The International Accounting Standards Board (IASB), which develops global accounting standards for accounting standards, and the Financial Accounting Standards Board (FASB), the body responsible for developing accounting policies in USA, in May 2014 issued the long-awaited converged standard for revenue recognition from customer contracts. The new standard hinges on the principle that companies depict the ...

Read More »

Amendments to Finance Act 2014: Bonus Shares by Unlisted Companies, Tax Exemption for Non-profits and FED on Air Travel

Amendments to Finance Act 2014

ISLAMABAD (June 23, 2014) – Several amendments were announced by Finance minister Ishaq Dar in the Finance Act 2014 which was passed on Saturday. The first amendment was related to tax on bonus shares through which every company which is not quoted on stock exchange and is issuing bonus shares to the shareholders of the company shall be required to deposit ...

Read More »

Rs3.94 Trillion Federal Budget for 2014-15 Unveiled

Federal Budget 2014-15

ISLAMABAD (June 04, 2014) – The federal budget for the year 2014-15, with a total outlay of Rs3.945 trillion, was approved by the federal cabinet on Tuesday. In his budget speech in parliament, finance minister Ishaq Dar told the house that Rs525 billion have been allotted for the Public Sector Development Programme (PSDP), a 24 percent increase from last year. ...

Read More »

Economic Survey 2013-14: Features and Highlights

Economic Survey of Pakistan 2013-14

ISLAMABAD (June 03, 2014) – The finance ministry of Government of Pakistan yesterday published the annual Economic Survey of Pakistan for the year 2013-14. Highlights of this publication are being presented here. Click on the links below to go directly to that section: Growth and Investment Agriculture Manufacturing and Mining Fiscal Development Money and Credit Capital Markets Inflation Trade and ...

Read More »

New IS Audit and Assurance Standards Released: Effective from November 2013

Information System Audit and Assurance Standards

ROLLING MEADOWS, IL, USA (July 30, 2013) – ISACA (Information Systems Audit and Control Association) has issued revised Information Systems (IS) Audit and Assurance Standards. The standards have an effective date of 1 November 2013. Introduced in 1988, the IS Audit and Assurance Standards define mandatory requirements for information systems (IS) auditing and reporting. They inform management of the expectations ...

Read More »

ACCA and WWF Organize Green Economy Forum Pakistan 2013

ACCA WWF Green Economy

ISLAMABAD (June 06, 2013) – ACCA and WWF Pakistan yesterday hosted the Green Economy Forum in Islamabad. The event attracted 150 participants including some CEOs, CFOs, ACCA members and other professionals from corporate, public sector and practice, NGOs and Media. The discussion forum ‘Corporate Pakistan Leadership in the Green Economy’, was led by industry experts including Javed Jabbar, Former Global ...

Read More »

ACCA Pakistan Launches the Entry-level Foundation Diploma

ACCA Diploma Holders

ISLAMABAD (April 29, 2013) – ACCA Islamabad today held a launch ceremony for ACCA Foundation Diploma, the first in the series of launch events for the new diploma. The Foundation Diploma provides essential knowledge and skills for those students without relevant training, and serves as  a clear entry route onto ACCA’s main accountancy qualification called the ACCA qualification. The new ...

Read More »

ACCA and Rawalpindi Chamber of Commerce (RCCI) sign MoU for Collaboration

RCCI and ACCA Pakistan MOU Signing

ISLAMABAD (March 12, 2013) – ACCA Pakistan (Association of Chartered Certified Accountants) and RCCI (Rawalpindi Chamber of Commerce and Industry) signed a Memorandum of Understanding last week to work together to support the business community by building its capacity and capability. The collaborative initiative will be in sharing research, policy views, training and development of business functions in large as ...

Read More »

Industry CFOs Want Recruits to be Complete Finance Professionals: ACCA Research

Finance Professionals

KARACHI (February 22, 2013) – Majority of Chief Financial Officers (CFOs) looking to appoint new staff for their businesses say they should ideally have both a breadth and depth of finance expertise and capabilities, a new report from ACCA (the Association of Chartered Certified Accountants) reveals. ACCA asked CFOs what was important to them when it comes to appointing newly ...

Read More »

IBA and ICAP Design Programme Combining Undergraduate Degree in Accounting with CA Qualification

IBA ICAP Undergraduate Degree in Accounting

KARACHI (February 12, 2013) – Institute of Business Administration (IBA) in collaboration with the Institute of Chartered Accountants of Pakistan (ICAP) has designed an innovative four-year programme of combining the undergraduate academic degree in Accounting and Finance with a professional Chartered Accountancy qualification. Among other things, the programme also provides an exemption of four modules (12 subjects) from the CA ...

Read More »
X