Brief Introduction
Corporate Governance constitute a bunch of rules by which various companies are managed internally and monitored by the Board of Directors, entrusted to protect the interest of corporate shareholders. It balances the distribution of rights and responsibilities among different participants in the corporation such as the board members, employees, shareholders, debtors and creditors. It is a set of rules and frameworks that allow the corporation to increase transparency minimize mis-utilization of resources and increase productivity in the day to day work culture.
Most of the big companies have already started following the standard protocols of Corporate Governance. SEBI has time and again constructed various committees headed by industry leaders who have expressed their viewpoints on the subject.
Corporate Governance research in the context of emerging economies has received increasing attention in recent years. Corporate scandals and executive failures continue despite the growing emphasis on governance reforms around the world and the increasing activism of shareholders, governments and other corporate shareholders.
Startup Culture in India
For the last one decade, India has seen a massive number of startups coming up from various parts of the country. Bangalore, Mumbai and Gurugram are the major startup hubs in India. Over the last 10-12 years, companies such as Flipkart, Byju’s, Snapdeal, Myntra, PayTm, Freecharge and Drivezy have started as small startups and now are valued at multimillion dollars.
Flipkart has been acquired by Walmart for a valuation of 20 bn USD. PayTm and Byju’s have also gained the status of Unicorn Companies as they are valued over 1 bn USD.
This story is from the December 2019 edition of The Management Accountant.
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This story is from the December 2019 edition of The Management Accountant.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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The unique features of Healthcare Sector and their Business Process Flow are a big challenge to implement an Integrated Cost Management Solution. Even though a Hospital may have an effective Medical Information System of Patients and an ERP, they still struggle with implementing a Costing System; this is because the information is in different Silos. To implement an effective Costing System, the cost structure should be either inbuilt in the ERP or should have information flowing in from the Accounting and Patient Information. Identifying the Cost Elements and their classification, defining Cost Objects and their hierarchy and mapping the flow of information from Accounting and Medical Information System are pre-requisite for an Integrated Cost Management Solution. With the rapid development in information technology many IT firms/ERP use Data Connectivity for seamless integration. An integrated Costing System will facilitate online reporting and help Management in decision making on Pricing, Profitability and Cost Control.
INAUGURATION OF LONDON OVERSEAS CENTRE OF COST ACCOUNTANTS ON 23rd JANUARY 2021
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DIGITAL TRANSFORMATION ADVANCEMENTS IN APPLICATIONS OF BLOCKCHAIN TECHNOLOGY THE EVOLVING POWERHOUSE OF INDUSTRY 4.0
The idea for processing transactions in a cryptographically secured chain of blocks was first revealed in 1991 by computer scientists Stuart Haber and W. S. Stornetta.
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Abstract Small businesses are the backbone of any economy. Micro, small and medium enterprises provide employment and economic opportunities to millions of Indians. The growth of MSME will bring the underprivileged to a good position in the economy. Instead of making the rich richer, overall growth will make a prosperous India.
Government Procurement From MSME's The Present & The Future
Abstract The MSMEs in India are considered to be the real engines of growth for the economy and their healthy participation in Government Procurement will have its own beneficial spin offs to the society. Government is doing a lot to encourage them but still some more things will empower these lilliputs to become economic giants and contribute in nation building.
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REVIVAL OF MSMEs (POST COVID-19) STRATEGY OF CMAs
Abstract There has been an unprecedented slowdown due to Covid-19 and MSMEs are worst affected. Given their pivotal role in Indian economy, urgent measures need to be taken for their survival, revival and growth. Indian Government has taken various initiatives including Atma Nirbhar Package, however, still majority MSMEs are looking for timely guidance and hand holding at this critical phase. CMAs are known for rich experience in finance, domain expertise in cost management and sound knowledge of Indian regulatory mechanism. CMAs can play role as ‘Economic Warrior’ while offering customised strategy for revival of ailing MSMEs which will in turn boost up economic growth and help our grand nation to be ‘USD 5 Trillion’ economy soon.
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Abstract We live in the world which is rapidly changing due to technological advancements. The technological advancements lead to fourth industry revolution which is known as “Industry 4.0”. This digital revolution is changing the business models of all manufacturing & service industries whether it is large, small or medium. The need of adopting latest and modern technology is realised not only for large scale industries even small and medium size industries to compete in global market.
