International Institute of Certified Professional Accountants
Chapter India, Kolkata
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ICAI Chartered Accountants of India - Journal
"Asia's future is now." "Asia is on track to top 50 percent
of global GDP by 2040 and drive 40 percent of the world's consumption, representing a real shift in the world's centre of gravity."
Asia’s explosive consumption since the 1980s, its integration into global trade, capital markets, business acumen and adaptability of its work force, and
innovation have been astounding. Asia’s future economies "will go from participating in these flows to determining their shape and direction. Indeed,
in many areas—from the internet to trade and luxury goods—they already are. The question is no longer how quickly Asia will rise; it is how
Asia will lead."
Source: McKinsey Global Institute July 2019
Discussion Paper, providing an overview of
Asia’s role in four areas: trade flows and networks, corporations in Asia, technology, and the Asian consumer.
How to Win the Battle for Professional Accounting Talent:
The Uniform Global ICPA® Training Program.
01 May 2019 - PDF Article.
John Maynard Keynes (1913), "Indian Currency and Finance." (HTML)
Quotation on money creation Chapter 8, "Paper Currency," page 37:
“The sound principle for regulating the issue of a Paper Circulation,” wrote the Secretary of State, “is that which was enforced on the
Bank of England by the Act of 1844.”
Photo: J.M. Keynes (1906), Clerk at the India Office.
In England, of course, bankers immediately set themselves to recover the economy and elasticity,
which the Act of 1844 banished from the English system, by other means [namely, the technique of double-entry bookkeeping by debiting loans receivable,
and crediting demand deposits]; and with the development of the cheque system to its present state of perfection they have magnificently succeeded.
CALL FOR PAPERS Innovative Disruption in Accounting & Finance; or
The New Face of Accounting and Finance Education: Innovation in Practice, etc.
Submissions of professional articles by accounting, finance and consultancy practitioners are welcome.
Academic articles will be peer-reviewed in accordance with the relevant guidelines
for publication credit.
Submissions requested by PDF or MS-Word email-attachment to secretary [at] iicpa.com