Chartered Accountants/ CPA's/ Finance Professionals.
hey dude… dont be so mean..
there is no scaracity of work for intelligent chartered accountants and we should look for building a healthy accounting and reporting system for India Inc. and SMEs are also a great contributors to growth of India Inc.
With the limited resources and lack of skilled manpower at their disposal i dont think it would be viable for SMEs to be able to comply with the complexity of AS.
rahul
I guess on a broader prospective you are right. I welcome the move of the ICAI.
Madhur Khandelia
GRASP (GRam panchayat Accounting System by Prithvitech) was created to meet the need of accountants for a software, which could generate accounts reports for villages in a predefined format as specified by CAG.
According to the requirements set for creating Gram Panchyat (village) accounts, expenses/income under various heads are to be slotted into ready-made categories (adding a new expense/income head is permitted). The account reports are presented in 16 preset formats, including annual expense under each category, monthly expense by category, cash book, etc.
Special emphasis has been paid to the usability of this application.
Rahul
Though i agree that this is a welcome step by ICAI and would help in promoting the SMEs but dont you think that this step by ICAI is a stab in the stomach of us Chartered Accountants.
Madhur Khandelia