Well well. Once upon a time long long ago we heard about Arithmetic Mean, Geometric Mean, Harmonic Mean and Standard Deviation. Then we promptly forgot how to use them. People keep asking me ‘When should I use AM and when GM? For relationship managers this is a very important question. AM is very useful when […]
Indian mutual funds will soon have to report their monthly, quarterly and annual numbers to the regulatory authority (SEBI) in XBRL. For doing this they need to buy a software which will convert their excel sheets into xbrl documents. This tool is a must because the returns have to go very often (MCR is a […]
XBRL training is a big event happening in the corporate world – especially amongst the financial executives. Let us get somethings very clear. It is necessary to file your Annual Return in xbrl format. This is a company secretary’s responsibility, but the work will have to be done by an accountant. It is obvious that […]
Learning happens only when there is no ego…I tell my students When you come into a class, come like you are coming to the temple. If you see all temples, they have a LION and AN ELEPHANT image created at the entrance. The lion is the symbol of power and the elephant is the symbol […]
Historically speaking XBRL was born in USA. However converting all the documents from a non xbrl environment to the xbrl environment is happening all over the world. The UK, USA, etc. are choosing to do the outsourced work in India. A very big quantity of this work is happening in Navi Mumbai! Of course it […]
Are you ready for XBRL? Well preparedness for xbrl can mean different things at different levels of the xbrl chain. Board level: If you are a member of the board of directors of a company, you need to know that the Ministry of Corporate Affairs has mandated reporting in XBRL format. You need to know […]
The life insurance industry is in bad shape. Their past sins of over charging the customer are visiting them, and real hard. The Irda made some changes, the Income tax made some changes, they themselves made some mistakes, the customer unfortunately woke up, ….so in fine the industry is in trouble. So here is a […]