Profiting from new accounting standards

1113 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

99
vnbhattacharya's picture

NARCOS and the game beyond the game

A critical aspect of strategic thinking is the ability to determine one's strategy in the game at hand by anticipating games in the future. It is especially important to foresee games that may be spawned by playing the game one is offered now.Such
78
sethgodin's picture

Big crew/little crew

Software projects work better with small teams. On the other hand, it makes sense to have multiple teams of workers if you're paving a patch of highly trafficked highway. Three reasons: Coordination Learning Ramp up time As we learned from... 
68
johnsullivan's picture

You’ll Soon Need a Digital Labor Specialist and a Workforce Shaper

Not all your employees will be replaced by robots, but it’s highly likely they’ll be working side-by-side with an automated device at some point in their careers. As intelligent automation becomes more common in the workplace, businesses are
60
mashable's picture

These extremely good Google Maps features that everyone definitely wanted are finally sort of available

For all of you who've been holding your breath this past month, it's finally time to exhale: On Tuesday, Google rolled out some of the hotly anticipated new Maps features the company announced in May. And by "rolled out," we mean "some people
126
johnsullivan's picture

Ready or Not Here Comes Generation Thumb

Talking about millennials in the workforce is so yesterday. Time now to start preparing for Gen Z, or, as Chad Norman calls them, Generation Thumb. This is the generation born after the turn of the century. They’ve never known a...
132
harvardbusinessreview's picture

When India Killed Off Cash Overnight

Bhaskar Chakravorti, the dean of global business at The Fletcher School at Tufts University, analyzes the economic impact of India’s unprecedented demonetization move in 2016. With no advance warning, India pulled the two largest banknotes from
112
sethgodin's picture

The jerk fallacy

There’s a common misperception, particularly in media, business and politics, that being a jerk is a necessary ingredient on the way to becoming and staying successful. But there’s no data to support this. Sure, some people succeed despite being
168
johnsullivan's picture

New to the Profession of Recruiting? Time to Get Comfortable With Being Uncomfortable

If you’re a seasoned and successful recruiter, chances are you have fine-tuned your skills over the years by going through a gauntlet of stressful, maddening, or even downright demoralizing work days. Most of my fellow recruiters and sourcing
187
cryptocurrency's picture

Jack Ma: Bitcoin Bubble is Real and Blockchain is the Future

 Jack Ma Bitcoin Bubble: Yet another well-known figure has come forward to express his thoughts on the cryptocurrency sector. The figure, who is Jack Ma, spoke specifically of Bitcoin (BTC) — and his thoughts weren’t exactly in favor of