Profiting from new accounting standards

1231 reads

  By: Sachin P. Mampatta
Via: twitter.com
Profiting from new accounting standards https://t.co/W3U1w8DuOA



KPMG analysis shows that quarterly net profit was up by Rs2,667 crore for the companies that used IndAS accounting standards to report their June quarter results. Photo: Aniruddha Chowdhury/Mint

Mumbai: Indian companies have just reported their first set of results under a new set of accounting standards. The norms have resulted in significant changes to how some of the country’s largest companies report their performance. And it is good news so far, with profits higher and finance costs lower.

Audit and consulting firm KPMG looked at companies in the Nifty 100 that had declared June quarter results by 31 August. Its analysis showed that quarterly net profit was up by Rs2,667 crore for the companies. That was 4.55% higher than what they would have reported under earlier acco

.....

Trending

272
misner's picture

Dude, Where are my Wheels? Why Networking Helps – Even in the “Hood”

I recently visited Los Angeles and drove through an area that I grew up around.  I was regaling my wife with a story about a job I had in a pretty tough neighborhood when I was in college.  At the end of the story she said, “you have to
302
Harvey Mackay's picture

Resourcefulness = “Of Coursefulness”

A firm needed a researcher. Applicants were a scientist, an engineer and an economist. Each was given a stone, a piece of string and a stopwatch and told to determine a certain building’s height. The scientist went to the rooftop, tied the stone to
349
johnsullivan's picture

Sourcing Is the New Recruiting

I have some excellent news for you. Sourcing is the place to be in talent acquisition today! Recruiting as it has traditionally been known is going away. Increasingly companies are adopting recruitment process automation, and that means that there
398
harvardbusinessreview's picture

How to Prepare for a Panel

Make sure to connect with the moderator beforehand.
375
johnsullivan's picture

HR Roundtable: The Value of a Multi-Generational Workforce

In the classic rock anthem My Generation by The Who, lead singer Roger Daltrey screams, “I hope I die before I get old.” He echoed a sentiment of the times, but he never knew that he was also doing what...
406
adamgrant's picture

Why Women Volunteer for Tasks That Don’t Lead to Promotions

Here’s a work scenario many of us know too well: You are in a meeting and your manager brings up a project that needs to be assigned. It’s not particularly challenging work, but it’s time-consuming, unlikely to drive revenue, and probably won’t be
386
johnsullivan's picture

How Personas Change Sourcing Outcomes

It’s really intimidating to walk into a room full of people you don’t know. We’ve all had that moment of panic, scanning the room for any semi-familiar face and praying it’ll work. Just one person. I personally hate that feeling....
506
misner's picture

Body Language When Networking

Body language can be a powerful attractant or deterrent when it comes to building relationships with others. People assess you visually within the first fewminutes of meeting you.  I’ve been asked a lot about body language by the media over the
400
adamgrant's picture

This 4-Day Work Week Experiment Went So Well, the Company is Keeping It

A first-of-its-kind four-day work week experiment in New Zealand has come to an end after two months, but the trial went so well the company actually wants to make the changes permanent.While lots of research has shown the numerous benefits a