Archive for November, 2008

Performance Prism - A Performance Measurement Approach

Sunday, November 30th, 2008

As the companies grow in the size, the number of stakeholders increase. Companies have to cater to the interests of its stakeholders such as local communities, vendors, employees, legislators so on and so forth. Performance prism is an ideal tool to analyse.

Performance Prism is one of the development in management accounting put forth by Cranfield University. The theory is performance of an organisation depends on how effectively it meets the needs and requirements of all its stakeholders.

The five facets of the Performance Prism:

1. Stakeholder Satisfaction
2. Stakeholder Contribution
3. Strategies
4. Processes
5. Capabilities

Try Lovefilm for 2 weeks of FREE DVD rentals!

Approach: Starting with Stakeholders, not with Strategy. Five key questions for measurement design:

  1. Stakeholder Satisfaction – who are the key stakeholders and what do they want and need?
  2. Strategies – what strategies do we have to put in place to satisfy the wants and needs of these key stakeholders?
  3. Processes – what critical processes do we require if we are to execute these strategies?
  4. Capabilities – what capabilities do we need to operate and enhance these processes?
  5. Stakeholder Contribution – what contributions do we require from our stakeholders if we are to maintain and develop these capabilities?

Once the answers to the above questions have been dealt, Performance Prism can use the results to identify performance measures which will enable the company to monitor the success of processes in place.


Click Here for Misco’s Range of Apple Products!

Further Reading:

Post Accountancy Jobs on Management Accountant Job Board

Join Management Accountant Groups



Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email


Or

Subscribe in a reader


SAP Store, UK

Visit MA Stores ? You will find something you are looking for ….


Management Accountant Store, US - Powered by Amazon
Management Accountant Store, UK Stores - Powered by Amazon, UK

You may also like to read

  1. Business, Customer Value & Management Accounting 19-June-08
  2. Activity Based Management - Dispelling the myths Par I - 13-June-08
  3. Learning Curve Theory
  4. Transfer Pricing
  5. Stakeholder Analysis
  6. Strategic Drift
  7. Strategy Development
  8. Combined Code of Corporate Governance UK
  9. Management Accountant Job Board
  10. How to Share Blog posts with friends 25-May-08
  11. Management Accountant Blog Home

RSS Feeds to keep you alive and up-to-date

  1. Management Accountant
  2. Accountancy News
  3. My Favorite Blogs that I track

ICAI signs MOU with ICAEW, UK

Thursday, November 27th, 2008

The ICAEW has Thursday 20 November signed a memorandum of understanding (MoU) with the Institute of Chartered Accountants in India (ICAI) which will establish closer working relations between the two bodies as well as new recognition arrangements for members.

CA. Ved Jain, President ICAI in his address remarked “This is a historic and a momentous occasion for the members of the ICAI and ICAEW. These are two largest accounting bodies with membership of over 150,000 & 130,000 respectively. The two Institutes have been following highest standards of professional education, training, technical & ethical standards. At this point of time, seeing the need of the hour, we have to make our profession recognized globally. The MoU entails coming together of two largest Accounting bodies working in tandem with each other to provide a synergy. This agreement would facilitate mobility of members across the borders and further strengthen the ties between India and United Kingdom (U.K.). Our mission is to make the next decade for accounting professionals. We look forward to working closely with each other and to collaborate further in the field of research & accounting.”

Upgrade to Club Europe

Commenting on the signing of the MoU, Michael Izza, ICAEW chief executive said:

“India has emerged as a significant player in the global economy. As a result of this agreement, members of the ICAEW will be able to work as chartered accountants within India. We also look forward to welcoming ICAI members to the ICAEW. Removing barriers for our members across markets through agreements such as this is an important part of our international strategy.”

Minimum Entry Requirements for ICAI member to join ICAEW

Members of the ICAI who have obtained membership by complying with its training and examinations requirements can become a member of the ICAEW. You must maintain ICAI membership to be eligible for ICAEW membership, and comply with our CPD obligations and Code of Ethics.

ICAI members must complete the ICAEW’s Technical Integration Business Reporting and Technical Integration Business Change papers, Case Study and Structured Training in Ethics programme.

If you have two years of appropriate work experience, you will not need to take the Technical Integration papers. Click here for details.

Route for ICAEW member to become member of ICAI

On the other hand, members of ICAEW who are trained in public practice will become eligible for ICAI membership subject to passing ICAI’s 4 no.s of examination papers for the special modules – Taxation; Law, Ethics & Communication; Information Technology & Strategic Management; and Auditing &Assurance. Click here for more details


Practice certificate

ICAEW practice certificate

Members of the ICAI who join the ICAEW will be eligible for an ICAEW practicing certificate on the same basis as ICAEW members.

General practice rights in India

Similarly, members of the ICAEW who join the ICAI will have general practice rights, excluding audit rights in India.


Professional Oversight Board

As part of the agreement, the ICAEW has also agreed to assist the ICAI in any representations made to the Professional Oversight Board to grant UK audit rights to ICAI members.

Which Qualification is Expensive ?

The entry requirement for an ICAI member to ICAEW, UK is very stringent and expensive as compared to other way round. See Applying for Credit for prior learning.

Also read below

Enjoy Christmas in London or Manchester from just £98 per room per night!

Post qualification experience (work experience)

Your two years’ post qualification experience must be certified by your current (and if appropriate, past) employer as meeting the learning outcomes of the ICAEW’s Technical Integration Business Change and Technical Integration Business Reporting papers.


Alibris, Inc.

Learning outcomes

To assess this, please review the learning outcomes. If you are employed, you will need to ask your employer to review these documents before signing the declaration.

Free delivery on any order over £20 at AVON Cosmetics.
Simply enter LS at the checkout.

Sole practitioners

ICAI members who are sole practitioners may self-certify that their post-qualification experience meets the aims and learning outcomes of these papers.

Cost of credit for prior learning

  • If sitting the ICAEW Advanced Stage Technical Integration papers £ 840.00
  • If applying for credit for ICAEW Advanced Stage Technical Integration papers £1,150.00

ICAI norms for ICAEW members entry are very easy since ICAI accepts the standards of ICAEW membership. ICAEW member has to pass 4 papers in ICAI examination. See details. Surprising ICAI has mentioned that the applicants have to register with Northern Region of ICAI instead HQ (Is ICAI process dependent or Region dependent !!!). So ICAEW members can gain the membership of ICAI quickly and start practising in India.

Setting apart the entry requirements, I feel, signing of MOU is a good sign of progress by an Indian Accounting body. The standards of ICAI are bound to improve in course of time and also other Indian institutions will follow suit in pursing an alliance or MOU or MRA with overseas bodies.

Type your text here

Who benefits the most of MOU ?

The party that would be benefited the most would be the one that has a larger business interest. The top 4 accounting firms, 3 are from UK and they have a strong presence in India.

With the MOU between the two accounting bodies, the qualifications of ICAEW members has become easily portable and partners of UK based firms in India will be on the register of ICAI. I do not feel that there are currently Indian Accounting firms in the UK and it would take years to build the presence, given the fact that Big 4 are dominating the world.

I wish good luck to members of ICAI and ICAEW to gain membership of each other accounting bodies and make the most of it.


Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email

Or

Subscribe in a reader


SAP Store, UK


Visit MA Stores ? You will find something you are looking for ….


You may also like to read

  1. How to overcome resistance to change
  2. Tata Group and ICAEW offer the ACA in India
  3. ICAEW launches a new qualification
  4. Does IT strategy of your company influence your career
  5. Choosing an Accountancy Qualification
  6. Ethics on ACCA website 11-Feb-2008
  7. Combined of Corporate Governance UK 20-April-08
  8. ICWAI Code of Ethics
  9. Professional Body 28-April-07
  10. Accountancy Profession in India 22-May-08
  11. Membership of Accounting Body - Value Proposition 20-Mar-08
  12. The Audit Cartel - Prem Sikka in Guardian 06- June-08
  13. Profession v/s Professionalism
  14. Accounting Technician course in India
  15. CMA 2.0 Portal Launched
  16. How to Share Blog posts with friends 25-May-08
  17. Management Accountant Blog Home

ICAI signs MOU with ICAEW UK

Thursday, November 27th, 2008

The ICAEW has Thursday 20 November signed a memorandum of understanding (MoU) with the Institute of Chartered Accountants in India (ICAI) which will establish closer working relations between the two bodies as well as new recognition arrangements for members.

CA. Ved Jain, President ICAI in his address remarked “This is a historic and a momentous occasion for the members of the ICAI and ICAEW. These are two largest accounting bodies with membership of over 150,000 & 130,000 respectively. The two Institutes have been following highest standards of professional education, training, technical & ethical standards. At this point of time, seeing the need of the hour, we have to make our profession recognized globally. The MoU entails coming together of two largest Accounting bodies working in tandem with each other to provide a synergy. This agreement would facilitate mobility of members across the borders and further strengthen the ties between India and United Kingdom (U.K.). Our mission is to make the next decade for accounting professionals. We look forward to working closely with each other and to collaborate further in the field of research & accounting.”

Upgrade to Club Europe

Commenting on the signing of the MoU, Michael Izza, ICAEW chief executive said:

“India has emerged as a significant player in the global economy. As a result of this agreement, members of the ICAEW will be able to work as chartered accountants within India. We also look forward to welcoming ICAI members to the ICAEW. Removing barriers for our members across markets through agreements such as this is an important part of our international strategy.”

Minimum Entry Requirements for ICAI member to join ICAEW

Members of the ICAI who have obtained membership by complying with its training and examinations requirements can become a member of the ICAEW. You must maintain ICAI membership to be eligible for ICAEW membership, and comply with our CPD obligations and Code of Ethics.

ICAI members must complete the ICAEW’s Technical Integration Business Reporting and Technical Integration Business Change papers, Case Study and Structured Training in Ethics programme.

If you have two years of appropriate work experience, you will not need to take the Technical Integration papers. Click here for details.

Route for ICAEW member to become member of ICAI

On the other hand, members of ICAEW who are trained in public practice will become eligible for ICAI membership subject to passing ICAI’s 4 no.s of examination papers for the special modules – Taxation; Law, Ethics & Communication; Information Technology & Strategic Management; and Auditing &Assurance. Click here for more details


Practice certificate

ICAEW practice certificate

Members of the ICAI who join the ICAEW will be eligible for an ICAEW practicing certificate on the same basis as ICAEW members.

General practice rights in India

Similarly, members of the ICAEW who join the ICAI will have general practice rights, excluding audit rights in India.


Professional Oversight Board

As part of the agreement, the ICAEW has also agreed to assist the ICAI in any representations made to the Professional Oversight Board to grant UK audit rights to ICAI members.

Which Qualification is Expensive ?

The entry requirement for an ICAI member to ICAEW, UK is very stringent and expensive as compared to other way round. See Applying for Credit for prior learning.

Also read below

Enjoy Christmas in London or Manchester from just £98 per room per night!

Post qualification experience (work experience)

Your two years’ post qualification experience must be certified by your current (and if appropriate, past) employer as meeting the learning outcomes of the ICAEW’s Technical Integration Business Change and Technical Integration Business Reporting papers.


Alibris, Inc.

Learning outcomes

To assess this, please review the learning outcomes. If you are employed, you will need to ask your employer to review these documents before signing the declaration.

Free delivery on any order over £20 at AVON Cosmetics.
Simply enter LS at the checkout.

Sole practitioners

ICAI members who are sole practitioners may self-certify that their post-qualification experience meets the aims and learning outcomes of these papers.

Cost of credit for prior learning

  • If sitting the ICAEW Advanced Stage Technical Integration papers £ 840.00
  • If applying for credit for ICAEW Advanced Stage Technical Integration papers £1,150.00

ICAI norms for ICAEW members entry are very easy since ICAI accepts the standards of ICAEW membership. ICAEW member has to pass 4 papers in ICAI examination. See details. Surprising ICAI has mentioned that the applicants have to register with Northern Region of ICAI instead HQ (Is ICAI process dependent or Region dependent !!!). So ICAEW members can gain the membership of ICAI quickly and start practising in India.

Setting apart the entry requirements, I feel, signing of MOU is a good sign of progress by an Indian Accounting body. The standards of ICAI are bound to improve in course of time and also other Indian institutions will follow suit in pursing an alliance or MOU or MRA with overseas bodies.

Type your text here

Who benefits the most of MOU ?

The party that would be benefited the most would be the one that has a larger business interest. The top 4 accounting firms, 3 are from UK and they have a strong presence in India.

With the MOU between the two accounting bodies, the qualifications of ICAEW members has become easily portable and partners of UK based firms in India will be on the register of ICAI. I do not feel that there are currently Indian Accounting firms in the UK and it would take years to build the presence, given the fact that Big 4 are dominating the world.

I wish good luck to members of ICAI and ICAEW to gain membership of each other accounting bodies and make the most of it.


Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email

Or

Subscribe in a reader


SAP Store, UK


Visit MA Stores ? You will find something you are looking for ….


You may also like to read

  1. MOU With CIMA ICWAI a historic agreement
  2. How to overcome resistance to change
  3. Tata Group and ICAEW offer the ACA in India
  4. ICAEW launches a new qualification
  5. Does IT strategy of your company influence your career
  6. Choosing an Accountancy Qualification
  7. Ethics on ACCA website 11-Feb-2008
  8. Combined of Corporate Governance UK 20-April-08
  9. ICWAI Code of Ethics
  10. Professional Body 28-April-07
  11. Accountancy Profession in India 22-May-08
  12. Membership of Accounting Body - Value Proposition 20-Mar-08
  13. The Audit Cartel - Prem Sikka in Guardian 06- June-08
  14. Profession v/s Professionalism
  15. Accounting Technician course in India
  16. CMA 2.0 Portal Launched
  17. How to Share Blog posts with friends 25-May-08
  18. Management Accountant Blog Home

Activity Based Costing/Management awareness initiative

Friday, November 21st, 2008

Rajendra Patil, Pune, India of AppsConsulting

Profile: View Rajendra Patil's profile on LinkedIn A technocrat with 17 years of proven success in ERP Implementation, Business Analysis, Consultancy Assignments in Strategic Cost Management, Profitability Analytics, Performance Management and Business Process Management in conjunction with the enterprise wide BI solutions.

Specialist in Training and Implementing Activity Based Management concept in Manufacturing, Telecom, Banking, Insurance and Retail verticals. Over 17 years on overall experience including 7 years in the current area.

Providing support to the KPO organizations to conceptualize outsourcing services in Activity Based Management. Providing training to build capacity of the team and running the services.

Rajendra Patil is conducting sessions on Activity Based Costing/Management concepts and a product demo tour. This session takes around two hours.

The highlight would be

  • What is ABM?
  • Benefits and Uses of ABM
  • Terminology
  • Building an ABC Model
  • The Power of ABM
  • Reporting ABC Information
  • Implementing an ABM Initiative
  • Requirements for Success
  • Addressing pain areas specific to your industry.
Contact Rajendra Patil:
rajendra@appsconsulting.in
+91 98226 19986

Readers of the Management Accountant Blog can contact him directly and take an opportunity to discuss on experience on Activity Based Management benefits.


Avon UK

How you can make most out it
  • Speak to Senior Management in your company and arrange for meeting with for Rajendra Patil to demo. The participants should be a mix accounting background and business. As management accountants you can influence implementation of ABM.
  • Arrange for 2 hour slot in the seminars you are attending for Rajen to speak in the forum. Participants of the seminar will be benefited by interaction.
  • Network with Management Accountants in your area and arrange for venue where Rajen can discuss on ABM.
  • Any other way you think which is most suitable.

Share your views on the program you attend.

Search 100+ airfare sites at once with Kayak

Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email

Or
Subscribe in a reader

SAP Store, UK


Visit MA Stores ? You will find something you are looking for ….


You may also like to read

  1. Changing role of Management Accountants
  2. Activity Based Management - How to collect info 10-June-08
  3. 10 myths about ABC by SSRK 26-Nov-06
  4. Transfer Pricing 29-Dec-06
  5. Throughput Accounting 17-Dec-06
  6. SSRK’s Knowledge Repository 03-Dec-06
  7. Financial Accounting - ebook project
  8. Stakeholder Analysis 19-May-08
  9. Resistance to Change 26-Apr-08
  10. Strategy Development 05-Apr-08
  11. Strategic Drift 12-Apr-08
  12. How to Share Blog posts with friends 25-May-08
  13. Management Accountant Blog Home

ICWAI promotes Institute of Management Accountants of OMAN

Thursday, November 20th, 2008



NEW DELHI, 18 NOV 2008. The Institute of Cost and Works Accountants of India in its drive to promote and propagate the profession of cost and management accountancy has now taken the initiative to promote an Institute of Cost and Management Accountants in Oman.

To give effect to this effort, the ICWAI has entered into a Memorandum of Understanding with the Omar Zawawi Establishment LLC (OMZEST), one of the premier groups in the Sultanate, on last Saturday in the presence of Shri Jitesh Khosla, Joint Secretary, Ministry of Corporate Affairs, Govt. of India, Shri B. B. Goyal, Adviser (Cost), Ministry of Corporate Affairs, Shri Indrajith Fernando, Adviser - South Asian Federation of Accountants (SAFA) and other dignitaries, which has set the scope of relationship between the two bodies.

According to Mr. Kunal Banerjee, President, ICWAI, the Global Summit of Management Accountants held in January 2008 in Delhi gave a fillip to the efforts of ICWAI to go beyond the country and make its presence felt as a driving force of management accounting profession in the global arena. As a continuum of this process, it is co-promoting a new management accounting body in Gulf in the Sultanate of Oman. The progressive policies of the Sultanate of Oman are creating conducive conditions for a steady economic development and as the commercial activities expand the Omanese economy will be in need of highly skilled management accountants to support the needs of strategy, management and accounting.


British Airway

In terms of this MOU, ICWAI will be technically guiding Oman in developing the syllabus relevant for the Omanese economy and help them in conducting the examinations periodically. The pass certificates will be awarded by IMA Oman.

According to Mr. Kunal Banerjee, in the first phase, technician level courses will be introduced to be followed by Business Accounting certification and later on the management accounting qualification. The course will also include training modules with the Omanese business units for the students.

OMZEST is an Omani company having diverse commercial interests including promoting higher education in Oman and ICWAI is a premier Cost and Management Accountancy Institute, which is a member of the International Federation of Accountants (IFAC), The Confederation of Asian and Pacific Accountants (CAPA) and The South Asian Federation of Accountants (SAFA), wish to establish an Institute of Management Accountants in Oman (IMAO).

15% off ALL orders in November 08 - simply use the code AFF118 at checkout!

To advice IMAO to award certificates ICWAI shall play the role of Technical Collaborator/ professional service provider/ consultant to academics programme for designing the course syllabus. IMAO will award the certificate on which it will be mentioned that this programme is designed and examinations are conducted by ICWAI. In designing the course syllabus by ICWAI, the suggestions offered by IMAO will be taken into consideration, wherever necessary. ICWAI shall provide the entire course material; rules and regulations regarding the course; detailed curriculum; course design, all learning material including original computer software and relevant legislations pertaining to ICWAI on a regular basis.

ICWAI shall formulate Course Curriculum in line with Oman’s Industrial requirement of Cost and Management Accounting profession facilitating conduct to be named as “Certified Accounting Technician” (CAT) course.

Source: ICWAI website

Sign up, make money displaying Oxado contextual ads!

Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email

Or

Subscribe in a reader


If you liked this article, you may also like to visit the links below.

Management Accountant Store, US - Powered by Amazon
Management Accountant Store, UK Stores - Powered by Amazon, UK


You may also like to read

  1. Ethical Decision Making
  2. ICAEW, UK launches a new qualification
  3. Does IT strategy of your company influence your career
  4. Choosing an Accountancy Qualification
  5. Professional Body 28-April-07
  6. Accountancy Profession in India 22-May-08
  7. Membership of Accounting Body - Value Proposition 20-Mar-08
  8. Accounting Technician course in India
  9. CMA 2.0 Portal Launched
  10. How to Share Blog posts with friends 25-May-08
  11. Management Accountant Blog Home

Talkonaut™ - VOIP apps for your mobile phone

Sunday, November 16th, 2008

Last year, I wrote about use of Instant Messaging at the workplace and VOIP phones as to how they bring down the costs of communication. The popularity of the technology is more to do with comfort than anything else.

I have stopped fancying expensive mobile phones rather I look for how best I can use for communication and information while I am mobile. Yesterday, I was searching for an application which should marry VOIP and IM on my mobile, I found it Talkonaut™.

Talkonaut™ is mobile free calling, VoIP enabled, Google Talk™ like application for your mobile phone. Talkonaut is available for three different mobile platforms: Symbian S60, Windows Mobile 5/6 and J2ME with MIDP-2.0. Talkonaut works on more than 300 different mobile handsets.

Talkonaut™ supports Jabber, Google Talk, ICQ, MSN, AIM and Yahoo networks both for chatting and voice calling.

The outstanding feature of Talkonaut is VoIP over GPRS capability which allows you to make free long distance and overseas calls utilizing your data connection such as GPRS, EDGE, 3G or WIFI.


figleaves.com UK

Pretty cool application, very easy to use and three minutes to install and configure. Make sure you have a unlimited internet connection on your mobile phone since you will communicating over internet.

I managed to call on google talk and results are pretty good. Download it on your mobile by visiting http://www.talkonaut.com/download.shtml .

You should also upgrade the mobile application for skype since now it allows you to call on a telephone number. Communication costs are coming down and you can call anywhere in the world.

Tell me how did like the application Talknaut by commenting on the post.

Sign up, make money displaying Oxado contextual ads!

Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email

Or

Subscribe in a reader


If you liked this article, you may also like to visit the links below.

Management Accountant Store, US - Powered by Amazon
Management Accountant Store, UK Stores - Powered by Amazon, UK


You may also like to read

  1. Ethical Decision Making
  2. iGoogle
  3. RSS feeds - How it helps you to remain updated
  4. Sezwho - Ratings & Commenting Add-on
  5. Make my life easy
  6. VOIP phones
  7. Car Satellite Navigation
  8. Is your company’s Accounting Manual on portal
  9. Business, Customer Value & Management Accounting 19-June-08
  10. Activity Based Management - Dispelling the myths Par I - 13-June-08
  11. How to Share Blog posts with friends 25-May-08
  12. Management Accountant Blog Home


Talkonaut™ - Use Google talk on your mobile phone - VOIP

Sunday, November 16th, 2008

Last year, I wrote about use of Instant Messaging at the workplace and VOIP phones as to how they bring down the costs of communication. The popularity of the technology is more to do with comfort than anything else.

I have stopped fancying expensive mobile phones rather I look for how best I can use for communication and information while I am mobile. Yesterday, I was searching for an application which should marry VOIP and IM on my mobile, I found it Talkonaut™.

Talkonaut™ is mobile free calling, VoIP enabled, Google Talk™ like application for your mobile phone. Talkonaut is available for three different mobile platforms: Symbian S60, Windows Mobile 5/6 and J2ME with MIDP-2.0. Talkonaut works on more than 300 different mobile handsets.

Talkonaut™ supports Jabber, Google Talk, ICQ, MSN, AIM and Yahoo networks both for chatting and voice calling.

The outstanding feature of Talkonaut is VoIP over GPRS capability which allows you to make free long distance and overseas calls utilizing your data connection such as GPRS, EDGE, 3G or WIFI.


figleaves.com UK

Pretty cool application, very easy to use and three minutes to install and configure. Make sure you have a unlimited internet connection on your mobile phone since you will communicating over internet.

I managed to call on google talk and results are pretty good. Download it on your mobile by visiting http://www.talkonaut.com/download.shtml .

You should also upgrade the mobile application for skype since now it allows you to call on a telephone number. Communication costs are coming down and you can call anywhere in the world.

Tell me how did like the application Talknaut by commenting on the post.

Sign up, make money displaying Oxado contextual ads!

Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email

Or

Subscribe in a reader


If you liked this article, you may also like to visit the links below.

Management Accountant Store, US - Powered by Amazon
Management Accountant Store, UK Stores - Powered by Amazon, UK


You may also like to read

  1. Ethical Decision Making
  2. iGoogle
  3. RSS feeds - How it helps you to remain updated
  4. Sezwho - Ratings & Commenting Add-on
  5. Make my life easy
  6. VOIP phones
  7. Car Satellite Navigation
  8. Is your company’s Accounting Manual on portal
  9. Business, Customer Value & Management Accounting 19-June-08
  10. Activity Based Management - Dispelling the myths Par I - 13-June-08
  11. How to Share Blog posts with friends 25-May-08
  12. Management Accountant Blog Home


Talkonaut VOIP on mobile

Sunday, November 16th, 2008

Last year, I wrote about use of Instant Messaging at the workplace and VOIP phones as to how they bring down the costs of communication. The popularity of the technology is more to do with comfort than anything else.

I have stopped fancying expensive mobile phones rather I look for how best I can use for communication and information while I am mobile. Yesterday, I was searching for an application which should marry VOIP and IM on my mobile, I found it Talkonaut™.

Talkonaut™ is mobile free calling, VoIP enabled, Google Talk™ like application for your mobile phone. Talkonaut is available for three different mobile platforms: Symbian S60, Windows Mobile 5/6 and J2ME with MIDP-2.0. Talkonaut works on more than 300 different mobile handsets.

Talkonaut™ supports Jabber, Google Talk, ICQ, MSN, AIM and Yahoo networks both for chatting and voice calling.

The outstanding feature of Talkonaut is VoIP over GPRS capability which allows you to make free long distance and overseas calls utilizing your data connection such as GPRS, EDGE, 3G or WIFI.


FREE Mobile Community on the go – qeep

Pretty cool application, very easy to use and three minutes to install and configure. Make sure you have a unlimited internet connection on your mobile phone since you will communicating over internet.

I managed to call on google talk and results are pretty good. Download it on your mobile by visiting http://www.talkonaut.com/download.shtml .

You should also upgrade the mobile application for skype since now it allows you to call on a telephone number. Communication costs are coming down and you can call anywhere in the world.


Unlimited calls to landlines with Skype

Tell me how did like the application Talknaut by commenting on the post.

Sign up, make money displaying Oxado contextual ads!

Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email

Or

Subscribe in a reader


If you liked this article, you may also like to visit the links below.

Management Accountant Store, US - Powered by Amazon
Management Accountant Store, UK Stores - Powered by Amazon, UK


You may also like to read

  1. Ethical Decision Making
  2. iGoogle
  3. RSS feeds - How it helps you to remain updated
  4. Sezwho - Ratings & Commenting Add-on
  5. Make my life easy
  6. VOIP phones
  7. Car Satellite Navigation
  8. Is your company’s Accounting Manual on portal
  9. Business, Customer Value & Management Accounting 19-June-08
  10. Activity Based Management - Dispelling the myths Par I - 13-June-08
  11. How to Share Blog posts with friends 25-May-08
  12. Management Accountant Blog Home


Limited Liability Partnership - What it is ?

Sunday, November 9th, 2008

With the growth of the Indian economy, the role played by its entrepreneurs as well as its technical and professional manpower has been acknowledged internationally. The traditional partnership of entrepreneurship, knowledge and risk capital combine to provide a further impetus to India’s economic growth. However, a need has been felt for a new corporate form that would provide an alternative to this effect with unlimited personal liability on the other, in order to enable professional expertise and entrepreneurial initiative to combine, organize and operate in flexible, innovative and efficient manner.

Buy one get one half price on Multipack Underwear: Enter FIGMEN1 at checkout

The Ministry of Company Affairs has notified the concept paper on Limited Liability Partnership (LLP) inviting public comments. The main purpose of this Concept Paper is to create a basic framework, which will facilitate the creation of a new legal entity in India viz. the limited liability partnership (”LLP”). The essential feature of an LLP is that it combines the organisational flexibility and tax status of a partnership with limited liability for its partners. An LLP is a body corporate having perpetual succession and separate legal entity.

Proposal in India

In India, a concept paper on Limited Liability Partnership Law was brought out by the Ministry of Company Affairs in 2005. In the year 2006 the Limited Liability Partnership Bill was introduced in the Parliament. In October 2008, the said Ministry has proposed a new Limited Liability Partnership Bill 2008, which has been submitted to the Parliament for its approval.

United Kingdom

In the United Kingdom LLPs are governed by the Limited Liability Partnerships Act 2000 (in England and Wales) and the Limited Liability Partnerships Act (Northern Ireland) 2002 in Northern Ireland. A UK Limited Liability Partnership is a Corporate body - that is to say, it has a continuing legal existence independent of its Members, as compared to a Partnership which may (in England and Wales they do not) have a legal existence dependent upon its Membership.

A UK LLP’s members have a collective (”Joint”) responsibility, to the extent that they may agree in an “LLP agreement”, but no individual (”several”) responsibility for each other’s actions. As with a limited company or a corporation Members in an LLP cannot, in the absence of fraud or wrongful trading, lose more than they invest.

Christmas Savings Misco.co.uk - click here!

Choosing name of the firm: The firm has to choose the name of the firm carefully since it would act as a brand and goodwill be created in the books. Read more.


United States

In the United States, each individual state has its own law governing their formation. Limited liability partnerships emerged in the early 1990s: while only two states allowed LLPs in 1992, over forty had adopted LLP statutes by the time LLPs were added to the Uniform Partnership Act in 1996.[7]

The limited liability partnership was formed in the aftermath of the collapse of real estate and energy prices in Texas in the 1980s. This collapse led to a large wave of bank and savings and loan failures. Because the amounts recoverable from the banks was small, efforts were made to recover assets from the lawyers and accountants that had advised the banks in the early-1980s. The reason was that partners in law and accounting firms were subject to the possibility of huge claims which would bankrupt them personally, and the first LLP laws were passed to shield innocent members of these partnerships from liability [8]

Although found in many business fields, the LLP is an especially popular form of organization among professionals, particularly lawyers, accountants and architects. In some U.S. states, namely California, New York, Oregon and Nevada, LLPs can only be formed for such professional uses. Formation of an LLP typically requires filing certificates with the county and state offices. Although specific rules vary from state to state, all states have passed variations of the Revised Uniform Partnership Act.

The liability of the partners varies from state to state. Section 306(c) of the Revised Uniform Partnership Act (1997)(RUPA) (a standard statute adopted by a majority of the states) grants LLPs a form of limited liability similar to that of a corporation.

Sources and recommended reading:

  1. Sarkaritel.com
  2. Wikipedia
  3. MoneyControl.com

Participate in discussion for LLP agreement on CMA India Portal.

Sign up, make money displaying Oxado contextual ads!

Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email

Or

Subscribe in a reader


If you liked this article, you may also like to visit the links below.

Management Accountant Store, US - Powered by Amazon
Management Accountant Store, UK Stores - Powered by Amazon, UK


You may also like to read

  1. Ethical Decision Making
  2. Task force emphasizes importance of CSR
  3. Ethics on ACCA website 11-Feb-2008
  4. Combined of Corporate Governance UK 20-April-08
  5. 100 Most Influential People in Business Ethics 18-Feb-08
  6. Professional Body 28-April-07
  7. Resistance to Change 26-Apr-08
  8. Business, Customer Value & Management Accounting 19-June-08
  9. Activity Based Management - Dispelling the myths Par I - 13-June-08
  10. How to Share Blog posts with friends 25-May-08
  11. Management Accountant Blog Home

Task Force Emphasises importance of Corporate Social Responsibility

Thursday, November 6th, 2008
3rd Meeting of Indo-UK Task Force on Corporate Governance Conclude

A two-day meeting of the Indo-UK Task Force on Corporate Governance concluded here today. The Task Force was constituted in 2006 to promote bilateral collaboration between India and UK in areas of mutual interest in corporate matters, including corporate regulation and governance. UK was represented at this 3rd meeting of the Task Force by eight- member British delegation, led by Mr Geoffrey Stanley Dart, Director, Corporate Law and Governance, Department for Business, Enterprise and Regulatory Reform(BERR), Government of UK; while the Indian side was led by Shri Anurag Goel, Secretary, Ministry of Corporate Affairs, Government of India.

The discussions held by the Group covered various areas including the Limited Liability Partnership Bill, Private versus Public Enforcement of Good Governance in context of Shareholder Activism; and Practical aspects of IFRS implementation. The Task Force also discussed sharing of experience on economic crises and the role of various regulatory and professional institutions in meeting emerging challenges. Specific areas of discussions also on increasing Institution-to-Institution and business-to-business contacts between entities in UK and India. UK agreed to share its experiences on functioning of insolvency practitioners, their licensing, and forming joint intelligence committees. Insolvency Practitioners Association(IPA), UK will help the Society of Insolvency Practitioners in India by hand holding, training of trainers, joint projects and sensitization of creditors.

British Airways Club World

The Task Force also emphasized the importance of Corporate Social Responsibility , i.e. CSR, and Corporate Governance in business value creation and sustainability. It was decided to take up a joint Research Project on “CSR as a contributory factor to sound business strategy”. The research will be funded by the Indian Institute of Corporate Affairs(IICA). ICSI and CASS Business School also agreed to work together on research, training and networking on CSR and corporate governance areas. ICSI would organize an international conference in UK in April 2009. Company Secretaries from India would participate and study UK systems and capacity building particularly in context of small and medium practitioners.

In addition to ICSI, ICAI, ICWAI, it was also agreed to expand regulator-to-regulator contact in field of Competition and Insolvency. IICA & NFCG would contribute as think tanks and knowledge managers in various initiatives. In pursuance of B2B contacts between the corporate of the two sides, Networking of Indian and UK firms will be facilitated for sharing of experiences, draw out best practices, improve standards, promote member to member contact.

Source: PIB Website

Sign up, make money displaying Oxado contextual ads!

Do you like to be updated in Accountancy ?

Subscribe to Management Accountant by Email

Or

Subscribe in a reader


SAP Store, UK

If you liked this article, please visit one of the links below. I would appreciate it…

Management Accountant Store, US - Powered by Amazon
Management Accountant Store, UK Stores - Powered by Amazon, UK

You may also like to read

  1. Ethical Decision Making
  2. Ethics on ACCA website 11-Feb-2008
  3. Combined of Corporate Governance UK 20-April-08
  4. 100 Most Influential People in Business Ethics 18-Feb-08
  5. Professional Body 28-April-07
  6. Resistance to Change 26-Apr-08
  7. Business, Customer Value & Management Accounting 19-June-08
  8. Activity Based Management - Dispelling the myths Par I - 13-June-08
  9. How to Share Blog posts with friends 25-May-08
  10. Management Accountant Blog Home