Financial Daily from THE HINDU group of publications
Thursday, Aug 26, 2004
Financial Daily from THE HINDU group of publications Thursday, Aug 26, 2004 |
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Opinion
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Letters Accounting norms
This is with reference to "Need to harmonise accounting norms" (Business Line, August 25). The National Advisory Committee on Accounting Standards (NACAS) should concentrate on harmonising accounting standards rather than accounting policies which are company specific. According to the International Federation of Accountants, companies will have to evolve accounting policies for each item of income, expenditure, asset and liability to ensure uniform accrual accounting. As regards the users of the accounting policies, publication should be more intelligible and transparent so that the impact on profit and loss statements and balance-sheets can be assessed. Ramachandran Mahadevan Bangalore
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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