CMA. Devarajan Swaminathan

The best of decades, worst of decades

Swaminathan Aiyer

Dated: December 27, 2009

It has been the best of decades, the worst of decades. In the 2000s, India became an economic growth champion (especially in services), and was recognized as a potential super-power through admission to the world’s nuclear club. But the same decade witnessed gross misgovernance, rising terrorism and Maoist insurrection, and outrageously high rates of malnutrition and anaemia.

In 2000, India was just recovering f… Continue

In writing this post References have been heavily drawn from:
1. www.iasb.org
2. http://www.iasplus.com/agenda/framework.htm
3. IFRS Practical implementation, guide and workbook by Abbas Ali Mirza, Magus Orell, Graham.J.Holt, Second Edition, a John Wiley Publication.


The IASB Framework
The International Accounting Standards Committee Foundation (IASC Foundation) Constitution mentions about the IASB Framework twice, once in paragraph 29 and another in paragraph 43.

Paragra… Continue

The Organization Structure of the IASC Foundation


IFRS or The International Financial Reporting Standards are the accounting standard norms that Companies globally have started to adopt. India is committed to prepare its financial statement based on IFRS from 2011 onwards. An attempt is made here to understand the DNA of the Organization, namely the International Accounting Standards Committee Foundation or the IASC Foundation, which has taken on the responsibility to frame Internationa… Continue

Dev: I found this article interesting, as with most of Aiyer's articles, so posted it. This article is in the Indian context but in relation to what is happening due to the global turmoil. Also, what Aiyer is suggesting is monetizing the deficit as inflation is under control and will only go down further. Read on.


Learn to live with recession - By Swaminathan Anklesaria Aiyer

Indian politicians and citizens are mostly in denial about the impact of the global meltdown on I… Continue

In the wake of various scams around the world and the recent Satyam fiasco in India.

Is there an urgent need to shift focus from Corporate Governance to a more comprehensive Enterprise Governance which includes Conformance (Corporate Governance) and Performance.

It is argued that Corporate Governance on its own cannot make a Company successful. It must balance Conformance with Performance.

What is Enterprise Governance? It is a set of responsibilities and practices exercised by the Board and… Continue