Presentation1
Financial Analysis
2012-13
Infosys
Powered by Intellect
Driven by Values
Infosys was co-founded in 1981 by N. R. Narayana
Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D.
Shibulal, K. Dinesh and Ashok Arora after they resigned from Patni
Computer Systems. The company was incorporated as "Infosys
Consultants Pvt Ltd." with a capital of Rs. 10,000 (roughly $167) in
Model Colony, Pune as the registered office and signed its first client,
Data Basics Corporation, in New York. In 1983, the company's corporate headquarters was relocated to Bangalore. It changed its name to "Infosys Technologies Private Limited" in
April 1992 and to "Infosys Technologies Limited" when it became a public limited company in June 1992. It was later renamed to "Infosys
Limited" in June 2011.
Finance
Department
The Finance department regulates the financial transactions of the company.
The finance function provides authorization and control to all the subsystems to utilize the money more efficiently through a well-designed mechanism. The dept prepares profit and loss accounts, balances, budgets, financial performance statements and employee cost analysis etc., for the purpose of finding the operating result, financial position, future prospects and many other objectives.
This reveals the profitability and hence the performance level of the concern.
Accounts and documents
The company shall in compliance with sec. 209 of the Company’s Act has to keep proper books of accounts with respect to:
1. All sums of money received and spent by the company and matters with respect to which the receipt and expenditure take place.
2. All sales and purchase of goods by the company.
3. The assets and liabilities of the company.
Basis of preparation of financial statements The financial statements are prepared in accordance with
Generally Accepted Accounting Principles (GAAP) under the historical cost convention on the accrual basis except for certain financial instruments which are
2012-13
Infosys
Powered by Intellect
Driven by Values
Infosys was co-founded in 1981 by N. R. Narayana
Murthy, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D.
Shibulal, K. Dinesh and Ashok Arora after they resigned from Patni
Computer Systems. The company was incorporated as "Infosys
Consultants Pvt Ltd." with a capital of Rs. 10,000 (roughly $167) in
Model Colony, Pune as the registered office and signed its first client,
Data Basics Corporation, in New York. In 1983, the company's corporate headquarters was relocated to Bangalore. It changed its name to "Infosys Technologies Private Limited" in
April 1992 and to "Infosys Technologies Limited" when it became a public limited company in June 1992. It was later renamed to "Infosys
Limited" in June 2011.
Finance
Department
The Finance department regulates the financial transactions of the company.
The finance function provides authorization and control to all the subsystems to utilize the money more efficiently through a well-designed mechanism. The dept prepares profit and loss accounts, balances, budgets, financial performance statements and employee cost analysis etc., for the purpose of finding the operating result, financial position, future prospects and many other objectives.
This reveals the profitability and hence the performance level of the concern.
Accounts and documents
The company shall in compliance with sec. 209 of the Company’s Act has to keep proper books of accounts with respect to:
1. All sums of money received and spent by the company and matters with respect to which the receipt and expenditure take place.
2. All sales and purchase of goods by the company.
3. The assets and liabilities of the company.
Basis of preparation of financial statements The financial statements are prepared in accordance with
Generally Accepted Accounting Principles (GAAP) under the historical cost convention on the accrual basis except for certain financial instruments which are