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Showing posts from February, 2008

Ducks and Eagle - From the internet

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Ducks and EagleNo one can make you serve customers well. That's because great service is a choice.

Years ago, Harvey Mackay, told a wonderful story about a cab driver that proved this point. He was waiting in line for a ride at the airport. When a cab pulled up, the first thing Harvey noticed was that the taxi was polished to a bright shine. Smartly dressed in a white shirt, black tie, and freshly pressed black slacks, the cab driver jumped out and rounded the car to open the back passenger door for Harvey. He handed him a laminated card and said:

"I'm Wally, your driver. While I'm loading your bags in the trunk I'd like you to read my mission statement."

Taken aback, Harvey read the card. It said:

Wally's Mission Statement:

To get my customers to their destination in the quickest, safest and cheapest way possible in a friendly environment. This blew Harvey away. Especially when he noticed that the inside of the cab matched the outside. Spotlessly cl…

10 ways to Study - From ACCA Website

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With the exams approaching, adopting an effective study technique becomes one of the most important ways to achieve success. We asked you for your top study tips and here are some of the best. 1 Make study a habitEven at the best of times, studying and working can be tough. But, in the run up to exams, the need to study as much as possible can add to the pressure. Savin Mao, a Part 2 Professional Scheme student from Cambodia, advises students to make the best use of their time. ‘At the beginning of your studies, discipline yourself and produce a clear schedule of the extra study you need to do for your exams. After a couple of weeks, the extra hours of work will become a habit. Once it becomes a habit, it will feel normal to read or practise for your exams, and if you fail to study for even one day you will feel you are missing something.’ 2 Use the resources at handMohammad Shoaib, a Part 2 Professional Scheme student from Pakistan, recommends using the resources avail…

Celebrity Accountant - Mr. Praveen Kadle

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Yesterday I was browsing Management Accountants on Spock to know whether there any celebrity accountant in the list. I found Mr. Praveen Kadle, Managing Director of Tata Capital Ltd, a newly formed company of Tata Group.

Tata Capital, undertakes a host of financial activities like capital market services, merchant banking, housing finance, private equity, and vehicle and retail finance. That covers virtually everything in the financial domain of the Tatas - except Tata AIG Insurance, Tata Asset Management Co and Tata Investment Corporation.

Mr. Praveen Kadle, 48, as on 12-Dec-07 had following

Currently a director of Concorde Motors Limited, Sheba Properties Limited, Tata Cummins Limited, Tata Holset Limited, Tata Motors Limited, Tata Services Limited, Tata Technologies Limited and Telco Construction Equipment Co. Ltd. In the past five years, he also has been a director of, Concorde Motors (India) Limited, HV Axles Limited, HV Transmissions Limited, TAL Manufacturing Solutions Limited (…

The other P in CPD

CPD in February? Well, why not? The 2007 declarations are out of the way. You are on the home stretch deadline-wise. It might be time to start reminding yourself of your tentative CPD plans for the year. But have you asked yourself recently, what exactly is it? CPD, that is. Take the DTI’s description: ‘CPD is defined as the holistic commitment to structured skills enhancement and personal or professional competence’.


Did you know that? CPD encompasses personal development too. Ah, but we’re accountants, we have our own professional definition and guidance, I hear you retort. But guess what? There are two Ps in our CPD too. Anything from negotiation skills and personal effectiveness to learning Spanish could be classed as CPD. OK I may be teaching grandma to suck eggs here but I’ll wager that there are quite a few of us still stuck in ‘technical’ CPD mode. So let me explain.
Read full article of Carol McLachlan
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Talking numbers: speaking their language

The gift for interpreting numbers is an essential skill for any FD and particularly for aspiring CEOs. Finance directors are rightly admired for their technical skills and ability to decipher the mystery of the P&L, the erosion of the gross and net margins and the effects of tax charges and currency fluctuations on the bottom line. But the true value of all this is only unlocked if softer skills are also mastered.
The finance team is often criticised for only speaking to itself and its peers. The effort involved in explaining NPV, liquidity ratios and the need for gearing to the sales and marketing team doesn’t always seem like a good use of time. But while not everyone is fluent in the language of finance, communication is a key skill that FDs need to master.
Read more - Diana Stoltman article on Whatapc

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Santosh Puthran

The Forrester Wave™: SAP Implementation Providers, Q4 2007

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Forrester evaluated the leading 16 SAP implementation providers across 108 criteria and found that Accenture and IBM have established leadership positions in this market thanks to the breadth, depth, maturity, and global nature of their SAP implementation practices.

BearingPoint, Capgemini, CSC, Deloitte, Infosys, Satyam, and Wipro also make it into the Leaders category due to their fine SAP implementation capabilities. TCS comes in just on the cusp of the Leaders category as their practice continues to flourish and they increase their focus on implementation projects. Cognizant and HCL are smack in the middle of the Strong Performers category, both having newer, slightly smaller, but extremely credible implementation practices.

Neoris and Softtek, two providers that both use Latin America as their primary low-cost delivery location, are newer to the SAP arena and smaller, yet also make it into the Strong Performer category due to their robust and growing SAP capabilities.

Intelligroup, …

100 Most Influential People in Business Ethics (2007)

These days, sustainability and responsibility are no small matter. However, ethical action - whether performed by large corporations or small, local non-profits - is not something that just happens; it’s brought on by inspired individuals. In honor of the approaching New Year, we decided to bring together the forerunners of the business ethics world from the past year, wrapped together in a tidy 1 to 100 ranking.

Rank 54 Indra K. Nooyi Business Leadership - Chairman & CEO, PepsiCo

Read more on Ethisphere

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Santosh Puthran

Ernst & Young applauds the success of the IASB

The FINANCIAL -- London, The movement towards International Financial Reporting Standards (IFRS) as the leading financial reporting framework for the global capital markets has gathered pace faster than most people expected, according to Ernst & Young.

Dr. Allister Wilson of Ernst & Young says the remarkable success of the adoption of IFRS in 2005 across Europe and in other countries around the world is due to a number of factors. In particular he cites the courage, vision, and commitment shown not only by the members of the International Accounting Standards Board (IASB), but also by national governments, securities’ regulators, corporations, and the auditing profession.

Read more on FinChannel


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Santosh Puthran


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ACCA’s exclusive online channel for live and archived video presentations and podcasts. Click here to know more

ACCA - The world's largest and fastest growing professional accounting body.

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Santosh Puthran

India ready to have its own E&Ys and PwCs

NEW DELHI: India can soon boast of its own homegrown multidisciplinary majors like Ernst & Young and PwC, comprising professionals like Chartered Accountants, Company Secretaries, engineers, architects and MBAs under one roof, to cater to the rapidly-globalising corporate sector.

Professional institutes like Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries (ICSI) and Institite of Cost and and Works Accountants (ICWAI) have initiated steps to work out arrangements to form multi-disciplinary partnerships (MDPs), though the big booster would be a formal go-ahead to limited liability partnerships (LLPs), the bill for which is likely to be cleared in the budget session of parliament.

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Santosh Puthran

Gerald Russell elected as next ICAEW Vice President

Gerald Russell, a senior partner at Ernst & Young and Chairman of the Audit Quality Forum, has been elected as the next Vice President of the Institute of Chartered Accountants in England and Wales (ICAEW). He will take office on 4 June 2008.

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Santosh Puthran

Ethics on ACCA website

Ethics on ACCA website

Thinking about ethics

Ethics is a branch of philosophy that studies the difference between right and wrong. As professional accountants, you have many opportunities to choose between right and wrong. As you have seen in the business press, making the wrong choice can lead to serious consequences including corporate failure, loss or reputation, fines and even prison sentences. In any situation, you must begin with the laws of your country. Next you look to the specific rules that govern the situation. For example, if you are an auditor, you will be bound by the relevant auditing standards in your jurisdiction.

Remember that professional ethics is all about your obligation to the public. As a professional - whether a doctor, lawyer, engineer or accountant - you will have been tested and accepted by your profession. The public places their trust in you simply because you are a member of a trusted professional body.

What's your ethical style?

Learn a…

Successful Management Accountants

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I have been sending invites through www.spock.com to connect the people I know and people through from I would like to you. Some of the subscribers of Management Accountant Blog must have already received invitations to connect to my profile.

One of the profile I came across is Usha Murali and impressed by the introduction on her profile.

"B.com, FICWA, CS with around 10 years experience in Cost and Management accounting. Presently working in the shared service centre of a multinational bank spearheading their Activity Based costing initiatives. Am interested in exchanging info and views on ABC,developing models in SAS etc"
The profile looks very impressive for anyone to connect. I read her views on cma_india yahoogroups about how she got a job offer for the position not open for ICWAI members. Her email below:

"Recently I was chased by a headhunter to attend an interview in an IT company for the post of "Sr manager-costing and MIS" but in the job profile given …

SAP Training Centres

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There are asked in Yahoo Answers:
Which Institute is best for SAP FICO training ?Are there SAP Training centres in the city ?You will find in your city SAP training centres who will be conducting the training courses in a fraction of cost in comparison to the authorised training partners of SAP. However I would recommended you to get training from authorised training provider and get a certification from SAP.

The other route is to join a company that is implementing SAP and get a role as key user from the business side. This will help you get an exposure in SAP.

If you are planning to make a career as a SAP Consultant then find out the training providers on SAP Education.

That's the investment you can make to become a true SAP Consultant and career in consulting.

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Santosh Puthran
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Cultivating a cool career in blogging and social networking

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I have been reading the book "Cultivating a cool career - 52 brilliant ideas for reaching the Top" by Ken Langdon. It is very well written book with 52 brilliant ideas on how to progress in your career.
Are some of Ken Langdon's ideas relevant in blogging and social networking? Lets find out ...

Idea 1: Face it, you are you and they are them

Take a positive, practical and sceptical attitude to your professional network. Don't expect everyone in the network to notice you unless you start demonstrating that you have something better to offer them. Focus your blog on a niche area.

Idea 3: Make good suggestions loudly

At any point in the chaos, an opportunity can arise for you to make a sensible suggestion. You should actively seek them out and grab such opportunities. Read newspapers or internet articles that affect your profession. Send a reply with a copy on your blog.


Idea 12: Please Sir, can I have some more

To look for avenues to generate income is one of the key factors…

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