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Archive for the ‘News Makers’ Category

Pictures of Google’s European Centre in Zurich

Thursday, July 31st, 2008

I got this a forward by email, I thought, I should share it with you…..

We already knew that working for Google had certain advantages, but, believe me, this giant of the search motor takes the welfare of its employees seriously …

Visit to Google’s European Centre in Zurich

as shown by this decompression (stress) capsule that is impermeable to sound and light …

Moving around: A slide allows quick access from different floors … There are also poles available … they are similar to the ones used in fire stations.

Food: Employees can eat all they want from a vast choice of food and drink.

Work Station: Each employee has at least two large screens. There are 4-6 ‘Zooglers’ per office.

INNOVATION: Large boards are available just about everywhere because “ideas don’t always come when seated in the office” says one of Google’s managers.


LEISURE: Pool tables, video games etc. are available in many areas.

Communication… On each floor, there are private cabin areas where employees can attend to personal affairs.

Technical Support: Problem with your computer ? No problem … Bring it to this area where drinks are available while it is being fixed.

Health: Professional masseurs (eusses) available.

REST: This room provides massage chairs that you control … while you view relaxing aquariums … !!! Ambiance … There are many books in this library … even some about programming !!

I had been to SAP Office near Heathrow, UK and it is really fantastic. I believe that people who come to the building arrange their meetings around the lunch time …. food is excellent.

If you have a link your workplace, share it as a comment on the blog. Or share about the excellent workplaces in the world.

Regards,

Santosh Puthran

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Indian CEOs prefer Mercedes

Sunday, July 20th, 2008

The news article in Economic Times caught my attention where Indian CEOs prefer imported cars. The reason may be Indian auto makers may not have cars to suit the taste of super rich CEOs. I summarized the list from article for your dekko.

Name

CEO / Director / Chairman of

Car he owns/ prefers

Mukesh Ambani Reliance Industries Maybach 62 and lot of S Class Mercedes
K P Singh DLF Group S Class Mercedes
Malvinder Singh Ranbaxy Labs Mercedes S350s
V C Burman Dabur Group Mercedes Kompressor
Anil Ambani Anil Dhirubhai Ambani Group Lamborghini, Porsche
Kumar Mangalam Birla Birla Group MW 5 Series Sedan
Shiv Nadar HCL Technologies Rolls Royce Phantom
Vijay Mallya U B Group Bentley Continental Flying Spur. Has collection of cars
Subhash Chandra Zee Telefilms Mercedes Viano 3.5.
Sunil Bharti Mittal Bharti Airtel Mercedes S-500
Azim Premji Wipro Toyota Corolla
Ratan Tata Tata Group Tata Sedan
Shinzo Nakanishi Maruti Suzuki Grand Vitara
Deepak Pareekh HDFC Bank Toyota Camry
O P Bhatt SBI Toyota Corolla
Janardhana Reddy Obalapuram mines Volkswagon, Mercedes Benz and a Pajero

Mercedes is at the top of the list. Only Mr. Ratan Tata is in bit of odd position since his company is the leading Indian car manufacturer in India which focuses on car for masses. India Inc now expects car for classes too. According to Forbes in year 2007, India has 30 billionaires with total net worth of $ 152.30 billion.

Source: Maybach 62

It is customary for people working in Embassy and High Commission to drive cars of country origin. It would be interesting to see which cars Ambassador and representatives Indian High Commission drive ? Or will you consider cars Hyundai, Volkwagen, Suzuki manufactured in India to be an Indian car ?

Did you know that Malaysian car manufacturer Proton and Korean car manufacturer Hyundai has range of cars for all classes ? Tata Motors, buckle up, India Inc. expects a lot from you now. You have a Nano… now the expectation is for Macro also !!!

Just a closing thought ?

I have a friend who owns BMW and has been driving it for long time. When he sells the old one and buys another - it is always a BMW.

I asked him, why he doesn’t buy Mercedes ? He looked at me and said, “I don’t drive taxis !!! ” A view shared by most of BMW owners.

You will never find a BMW taxi but there will be always a Mercedes Taxi. Anyway, for the time being, I can only talk about it.

I will be happy to read your comments on this topic. Please add / post yours comments on which car do you fancy the most. What car does your CEO drive ?

Regards,

Santosh Puthran

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ICAN, ACCA (UK) sign MOU to promote accountancy in Nigeria

Wednesday, June 4th, 2008
In apparent bid to further promote the accountancy profession in Nigeria, The Institute of Chartered Accountants of Nigeria, ICAN, and the Association of Chartered Certified Accountants, ACCA, of the United Kingdom have signed a Memorandum of Understanding on mutual cooperation.

The memorandum is a befitting sequel to the landmark agreement reached in February this year. The two bodies had agreed last February when the Global President of ACCA, Mrs. Gillian Ball visited Nigeria.

This led to first ICAN and ACCA bilateral meeting, which took place at the ICAN secretariat on Wednesday, February 6, 2008. The ACCA team, led by Ms Ball and the ICAN team led by Prince Ade Babington-Ashaye, both agreed the terms of reference of the Bilateral Committee as well as resolved to collaborate on a number of areas to develop the Accountancy profession.

A statement issued at the end of the MOU signing stated, “ In recognition of the value of promoting mutual co-operation for the advancement of the accountancy profession and the public interest, both ICAN and ACCA, thus agreed to enter into the MOU, which was made towards the end of May, 2008.

The MOU provides for the establishment of mutual cooperation between these two Institutions, both members of the International Federation of Accountants, IFAC; and also agrees that the Bilateral Committee, which was actually established in Istanbul, Turkey on November 14, 2006, shall continue to meet twice a year as resolved at the inaugural meeting held in Lagos, Nigeria, during the ACCA Global President’s visit to ICAN.

By the terms of the MOU, both ICAN and ACCA have agreed to collaborate in further developing and promoting the Accountancy Profession; identify ways in which they can work together to support their respective members in Nigeria and UK; strengthen regular communication links between both bodies; determine a road-map towards achieving a long-term mutually beneficial partnership between them; as well as review and, where appropriate, work together to address common issues in the national, regional and international Accountancy Profession.”

“Other areas of cooperation covered by the MOU include: Sharing information on financial and non-financial reporting issues, particularly in the implementation of International Financial Reporting Standards (IFRSs) and sustainability reporting, and joint research into technical accounting and related topics.

Source: Vanguard

Cheers,

Santosh Puthran

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ACCA Web broadcast a success

Saturday, May 31st, 2008
The internet audience for ACCA’s Student Engage reached record figures this year. The webcast, aimed at students of the Association of Chartered Certified Accountants (ACCA) and broadcast by web TV agency BroadView, achieved almost three times the number of viewers compared with this time last year.
Student Engage has been viewed 32,000 times since it was broadcast on 23 April this year. This is a significant increase on 2007’s viewing figures and clearly demonstrates a demand for web 2.0 as a means of really engaging with the next generation of accountancy students.

Click here to Watch Engage 2008 Web broadcast

ACCA chief executive, Allen Blewitt and president, Gill Ball answered members’ questions in another successful ACCA Engage live web-broadcast which took place on 23 April 2008.

Over 200 questions were submitted for the event with Allen and Gill answering issues ranging from global recognition to maintaining professional standards.

“Access to the web and all of the rich educational content it offers should be a key component of every student’s education. By working with ACCA we’re developing the toolset of the next generation of accountants, but new media ought to be used across a broader range of academic disciplines,” said Stuart Maister, managing director of BroadView.

AGM 2008

ACCA’s 103rd annual general meeting (AGM) took place on Thursday 15 May 2008.

Click here to View the web broadcast

Source:

  1. utalkmarketing
  2. ACCA website

Cheers,

Santosh Puthran

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ICAEW, UK advertising campaign 2008

Saturday, May 17th, 2008

This presentation will give you an insight into the ICAEW’s plans to raise the profile of the Institute and the ACA qualification in 2008. It explains advertising is important for the ICAEW, UK and its members and what advertising looks like and where to look out for the campaign.

Click here for more details

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The World’s 50 Most Innovative Companies

Thursday, May 1st, 2008
Meet the companies that make up this year’s list, as determined by BusinessWeek and the Boston Consulting Group

Our ranking of the World’s Most Innovative Companies, a collaboration with the innovation practice of the Boston Consulting Group, is our most global list ever. It’s also determined by a broader set of data than in the past. In addition to the votes cast in our annual survey—which receive the heaviest weighting in our results—we also weighed companies’ three-year margin growth, revenue growth, and total shareholder return*.

The result: Plenty of new names, including Tata Group, Nintendo (NTDOY), and Reliance Industries. Check them out.

Click here to read the full article on Business Week

Cheers,

Santosh Puthran

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Accounting not just for accountants

Wednesday, April 30th, 2008

The President of the Association of Chartered Certified Accountants Ghana, Kwame Antwi Boasiako has said the accountancy profession is open to professionals of all walks of life.

In his view, medical officers, teachers, engineers among others who have keen interest in the profession could simply start afresh from the basics and would be welcomed into any accounting institution afterwards.

Click here to read more

Share your thoughts on “The accountancy profession is open to professionals of all walks of life.”

Regards,

Santosh Puthran

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Venezuela redenominates currency dividing by 1000 from Jan 1, 2008

Saturday, April 26th, 2008
As of January 1st, 2008, three zeros will be eliminated from the denomination. This means that 1,000 Bs. as the Venezuelan currency is known, would be worth 1 Bs.F. “bolivar fuerte” .The measure necessarily means that all prices, salaries, bonds, taxes, pensions, and , in general, any transaction or reference to the old currency, should be changed into “bolivar fuerte” by dividing said amounts by 1,000.

There would be a period of transition of six months in which both, the old and the new currency would coexist. After this period, currency exchange will continue as long as necessary, so that people could change old currency for new currency at financial institutions and also at BCV.

Parra further explained, “Currency redenomination will not alter the relative value of incomes, expenses, goods or debts”. If a person has saved 1,000,000 old bolivars, they would be worth 1,000 “bolivar fuerte” after the redenomination process. This does not mean that her savings have decreased but that they will be expressed in a new monetary scale.

Source: Banco Central Venezuela Website

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Derivative accounting by 2009: RBI

Thursday, April 24th, 2008
The Reserve Bank of India (RBI) has initiated talks with accounting standards regulator Institute of Chartered Accountants of India (ICAI) to advance the mandatory implementation of accounting standards for derivatives transactions by Indian banks and companies from its present 2011 deadline.

Click here to read more on Business Standard

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KPMG Establishes IFRS Institute

Wednesday, April 23rd, 2008
NEW YORK, April 22 /PRNewswire/ — KPMG LLP, the audit, tax and advisory firm, today announced the establishment of the KPMG IFRS Institute to raise awareness and address the information needs of companies, investors, academics and others who may be affected by a transition by U.S. companies to International Financial Reporting Standards (IFRS).

“As companies expand their reach and economies globalize, the ability to compare financial statements across borders has become imperative. The question about whether the world is going to global standards is no longer ‘if,’ but ‘when,’” said Timothy P. Flynn, KPMG LLP chairman and CEO.

Click here to read more on EarthTimes


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