Accountancy
Parts of the whole
P. S. Kumar says that segment reporting will help users of financial statements make more informed judgment about enterprises

The future CA
Venugopal C. Govind on the direction the CA profession should take to play a larger role in a globalising world

Book Review
Corporate amnesia
MEMORY is knowledge retention and organisational memory (OM) is the aggregation of individual experiences, explains Arnold Kransdorff in Corporate Amnesia. In its migrated form, OM is labelled ``brain drain where national frontiers are involved, poaching in the commercial sphere or secondment in the public sector.'' How do organisations forget? ``Whenever an individual leaves an organisation,'' writes Kransdorff, ``the organisation's hard-won and expensively acquired experiences literally walks out of t he door.'' Therefore, ``if 10 per cent of managers leave every year, then 50 per cent of a company's managerial knowledge potential will have dissipated within five years -- a classic case of throwing out the baby of experience with the organisational ba thwater.''

Information Technology
Making IT projects tick
Five simple rules can make all the difference to an IT project's success, says Brian Katzen

Taxation
Audit committee, for whom?
OURS is a wholly-owned private limited government company with a paid-up capital of Rs 10 crore. Are we required to constitute an audit committee as mandated by Section 292A of the Companies Act, 1956?

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