Archive for June, 2012
ACCA and the Institute of Management Accountants (IMA) announced a global strategic partnership at the latter’s annual conference in Las Vegas on Monday.
The alliance will include research collaborations, CFO roundtables, joint chapter events and initiatives to raise awareness of their respective certifications, according to IMA chair Brian McGuire.
IMA president and CEO Jeff Thomson summarised the strategic partnership as “two global bodies empowering accountants and financial profe
June 28, 2012
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Syed Shabbar Zaidi, an authoritative and leading tax expert, also partner for taxation of A.F.Ferguson, reminded the policy makers, yet again, that we need a working and stable tax collection system.
Shabbar Zaidi has said that improvement in the prevailing system of tax collection can lead to tax-revenue of Rs 200 billion to 250 billion.
In a statement, Shabbar Zaidi said there was a dire need for revolutionary measures in the system of tax-collection to ensure effective implementati
June 27, 2012
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ICI Pakistan Limited clinched ‘Best Sustainability Report’ award at the 2011 ACCA-WWF Pakistan Environmental Reporting Awards 2011 held in Karachi, says a press release.
On the occasion, ICI Pakistan Chief Executive Waqar Malik reiterated the commitment of ICI Pakistan towards sustainability and said ‘ICI Pakistan has a long history of leading the way in sustainability.
This award is a tribute to our employees and is a testimony of their commitment to sustainable operations.
At IC
June 22, 2012
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Press Release
ACCA and WWF will host Green Economy Forum 2012 on 21 June 2012 in Karachi.
The high profile event will encompass panel discussion on green economy followed by the ACCA-WWF Pakistan Environmental Reporting Award Ceremony (PERA), says a press release.
As world leaders share viewpoints at the RIO+20, the ACCA-WWF Green Economy Forum Pakistan 2012 will look at the implementation of strategies and global agendas to the environmental and sustainability practices in Pakistan.
T
June 20, 2012
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(ET) -- How many accountants does it take to prepare budget documents whose figures do not contradict each other? Going by the glaring arithmetic mistakes in different documents of the Sindh budget for 2012-13, it is clear that the provincial government is in desperate need of competent accountants. Let’s take a look at some of its statistical errors.
Receipts
In his budget speech on June 11, Sindh Finance Minister Murad Ali Shah claimed that the estimated year-on-year increase in rev
June 17, 2012
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The Punjab government failed to lay District Audit Reports in provincial assembly, which is violation of Constitution and also not examined by the Public Accounts Committee of the assembly during last eleven years.
The Audit of District Governments accounts have been conducted every year since 2001-02 and Audit Reports for financial years 2001-02 to 2010-11 submitted to the Governor Punjab regularly each year. The District Audit Reports have not been laid in the Punjab Assembly in violati
June 8, 2012
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"Government, businessmen and the public at large were all responsible for the fiscal mess the nation finds itself in" said Shabbar Ziadi, leading tax expert and partner of A.F.Ferguson, at a budget seminar organized by Institute of Cost and Management Accountants of Pakistan (ICMAP).
Noting that debt servicing, defence, subsidies and administrative expenses formed 31%, 16%, 25% and 11%, respectively, in the proposed budget, Zaidi said that 83% of the allocations were set aside for non-prod
June 7, 2012
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UBL Funds are looking for a candidate for the position of Head of Fund Accounting.
Company Sector: Mutual Funds
Position Title: Head of Fund Accounting
Location: Karachi
Salary: Around Rs. 150K – May vary depending on the applicant profile
Essential Requirements: Candidate must be a Qualified Chartered Accountant.
Experience: Minimum 3 - 4 years of experience in Finance & Accounting. Currently at Manager level or Deputy Manager Level.
Please email your
June 6, 2012
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A new online system for students to record their practical work experience gained in the accountancy and finance industries has been launched by ACCA (the Association of Chartered Certified Accountants), the global body for professional accountants.
The new system takes over from the Trainee Development Matrix (TDM) and the Annual Return forms needed to pass the ACCA Qualification.
Arif Masud Mirza, Head of ACCA Pakistan says: “An ACCA-qualified accountant needs to pass exams,
June 5, 2012
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The Securities and Exchange Commission of Pakistan (SECP) has got the `Letter of Agreement to Ijarah’ approved from the Religious Board for Modarabas.
The SECP circular stipulates that the Modarabas extend Ijarah financing facility to their clients on the basis of Ijarah agreement duly approved by the Religious Board, said a statement issued by the Commission here Friday.
However, sometimes Ijarah assets are not readily available and the Modarabas have to make advance payment to suppli
June 4, 2012
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