India Accounting Association (IAA)
The Indian accounting association is an interface between academicians, professional
and practitioners from various universities, business, industry and government.
The main function of IAA is to promote and disseminate the knowledge of accounting
and the related subjects in India and abroad. Further, it aims to undertake and
encourage research in the field of accounting. Ever since its inception, the IAA
has served as an important forum for raising the status of accounting both as a
discipline and as an important tool for managerial decision making.
The association was founded by academicians and professionals in accounting on March
17, 1969, and was inaugurated on February 14, 1970 by the Accountant General of
Uttar Pradesh. It is a member organization of International Association of Accounting
Education and Research (IAAER). It is also held in high esteem by American Accounting
Association (AAA). At present, IAA has a network of 30 branches in India with more
than 2000 life members, and a Research Foundation as an affiliate at Kolkata. It
also brings out a biannual research journal ‘Indian Journal of Accounting’ in the
months of June & December to give wider publicity to research findings. The Association
also gives IAA Young Research Award and IAA fellowship. The Association offers Life
Membership and Annual Membership for Individuals and Institutions through its chapters
across India. Past conference have attracted a large number of delegates from across
the country and abroad and this year also wide participation is expected at Ahmedabad
in November, 2008.
With the recent traumatic experience of accounting mismanagement and its catastrophic
outcomes, it is expected that the information of the business activities, especially
of the corporate entity, should not be presented in distorted manner. To eliminate
distortion and to maintain uniformity in preparation of corporate report, the role
of accounting standards is significant. The employment and use of accounting standards
is not confined to the Indian context only but, the liberalization process has compelled
the corporates to think about synchronization and non- synchronization between Indian
accounting standards and accounting standards of other countries where these companies
are doing business. Hence, from the view point of different stake holders the deliberation
on corporate reporting and accounting standards in the global scenario can considered
as the need of the hour.
About the International Seminar and Conference
Being a branch of social science, the role of accounting has been changing the economic,
social, political and cultural development over the last few centuries. At the same
time, facilities of transport and information technology has drastically reduced
the geographical distance extending the role of accounting from national to global
level. Consequently, to keep pace with changing environment ceaseless work inevitable
in the subject of accounting.
In the International seminar on ‘Accounting Education and Research’, the main focus
would be on recent academic developments related to this area, in the global context.
Out of several factors three significant factors which have vital influence over
accounting and on its process have been chosen by the association for this conference
are:
- Corporate Reporting and Accounting Standards,
- Domestic and International Capital Markets and
- Taxation: Domestic and Global Issues.
With the recent traumatic experience of accounting mismanagement and its catastrophic
outcomes, it is expected that the information of the business activities, especially
of the corporate entity, should not be presented in distorted manner. To eliminate
distortion and to maintain uniformity in preparation of corporate report, the role
of accounting standards is significant. The employment and use of accounting standards
is not confined to the Indian context only but, the liberalization process has compelled
the corporates to think about synchronization and non- synchronization between Indian
accounting standards and accounting standards of other countries where these companies
are doing business. Hence, from the view point of different stake holders the deliberation
on corporate reporting and accounting standards in the global scenario can considered
as the need of the hour.
Industrial growth and economic development is highly depend on the capital market
and capital market plays vital role for corporate form of business. The creation
of long –term funds is not confined to domestic level but can be raised from international
markets. Academic deliberations on evaluation of the capital market from the point
of view of different stake holders at regular intervals is needed to produce concrete
outcomes for better functioning of capital markets at primary and secondary levels.
Therefore, the discussion on ‘Capital Markets: Trends in India and Abroad ‘has relevance
in the present time.
The history of taxation is as old as government. The welfare of the society is based
on effective and efficient tax management. The scope of business now is not confined
on the local level, state level, national level but it has expanded at international
level remarkably in India due to liberalization of economics policies of the government.
At the same time various direct and indirect taxes imposed, removed or modified
by the government from time to time as per domestic needs and due changes at global
level. On the other hand globally expanded horizons of the business involves them
in tax formalities of the respective countries where they do business. Hence domestic
provisions and international provisions of tax make tougher job for the corporate
because scope, procedure e.t.c.bring complexities in the tax management. So, identification
of various problems and anomalies in taxation and their remedies will be the output
of this conference.
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