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![[FRONT PAGE]](/icons/fe-frontpage-strip.gif){kind=icon} ![[ECONOMY]](/icons/fe-economy-strip.gif){kind=icon} ![[CORPORATE]](/icons/fe-corporate-strip.gif){kind=icon} ![[MARKETS]](/icons/fe-markets-strip.gif){kind=icon} ![[EXPRESSIONS]](/icons/fe-expressions-strip.gif){kind=icon} ![[LEISURE]](/icons/fe-leisure-strip-a.gif){kind=icon} ![[BRANDWAGON]](/icons/fe-brandwagon-strip.gif){kind=icon} ![[HABITAT]](/icons/fe-habitat-strip.gif){kind=icon} |
| TODAY'S CROSSWORD | TODAY'S ZODIAC |
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| TODAY'S CROSSWORD | TODAY'S ZODIAC |
Are cost accountants going out of fashion?![[Details]](/icons/bullet.gif){kind=icon} The lure of becoming a member of the Institute of Cost and Works Accountants of India (ICWA) seems to be dwindling. The deletion of Clause 233 B from the Companies Bill, which mandated that the audit of cost accounts of a company be done by cost accountants, has drastically pared the need for cost accountants. At present, costs need to be audited every two years compared to statutory audits, which are done yearly. Besides, this audit is mandatory for only those industries that are prescribed by the government.
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Market obsolescence prime cause of units falling sick Industrial units getting sick is the malaise that companies are increasingly coming to terms with in India. In the recent past, financial distress, sick companies, sick banks, unpaid employees, unemployment, ailing financial institutions have been increasing rapidly in numbers. Although India is strong on statistics - the second largest country in the world in terms of population, the seventh largest in terms of area, next to China in terms of consumer market share - the Indian economy is not in the top 10 in the world.
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Make sure you have a fun holiday Timesharing is a fun idea. It's the purchase of an accommodation by a buyer for a specific period of time on an annual basis. The concept involves the development of a resort after getting the plans sanctioned from a competent government authority and obtaining environmental clearance, wherever necessary. The resort developer then divides the property into one/two/three bedroom units and leases them in weekly intervals (normally 50 weeks in a year) for a period ranging from 10-99 years. But to ensure that the fun idea really translates into a fun vacation, a buyer must check out the terms and conditions carefully.
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Make sure you have a fun holiday
Are cost accountants going out of fashion? Market obsolescence prime cause of units falling sick Movers & Shakers -- Shahi in charge of Army Hospital "Growth of juniors is exciting"
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The Group
