REPORTING PRACTICE OF THE CORPORATE SECTOR IN INDIA Sham Lal & Sonia Lecturer in Commerce‚ Guest Faculty‚ Govt. Bikram College of Commerce‚ Patiala . Research Scholar‚ Dravidian University‚ Kuppum‚ AP. MA Economics Part II‚ Punjabi University‚ Patiala Abstract Disclosure is the communication of various details regarding the activities of the business which are to be disclosed either statutorily or otherwise‚ and it is to convey a true and fair view of the operating results and financial position
Premium Balance sheet Financial statements Annual report
Executive summary * Strong global position in the industry of electronic and electrical equipment. * Acquisition is a central part of the Spectrics strategy. * Customers are the globally spread blue chip companies. * Spent around 7% of sale average on research and development in each year. * Aftersales‚ service and consumables are important which is represent 26% of sales. * IRM group and Sixnet were acquired by spending £5.1m using the bolt acquisition method. * Archived
Premium Revenue Financial statements Balance sheet
disclosure within these published reports vary from company to company and also from country to country. Economic phenomena are presented in annual reports. Specially‚ the conditions of uncertainty of economy have a shadow on this report; for this reason it can never be completely free from biasness. Many estimates and assumptions are included in the annual report. Completely biased report cannot be achieved‚ because a certain level of accuracy
Premium International Financial Reporting Standards Financial statements Annual report
disclosures in annual report. As (Dowling&Pfeffer‚ 1975) says a corporation must act in congruence with norms and society value. First of all‚ Legitimacy theory is based on the concept of substantive rationality and replies upon the notion of a social contract. This theory asserts that organizations seek to ensure that they operate within the bounds and norms of their respective societies (Ramon Mullerat‚ 2010) .It aims to conform to norms and value of society. As a company‚ it always use annual report
Premium Sociology Louisiana Mexico
Restatement of Financials On an annual basis‚ publicly traded companies are required to file certain reports with the Securities and Exchange Commission (SEC). Some of the included reports are Form 10-K‚ Form 10-Q‚ and Form 8-K. The filing of these forms allows companies to remain in compliance with regard to disclosure requirements set forth by the SEC. Form 10-K includes a comprehensive overview of a company’s financial position and is filed annually within 90 days of the end of the company’s fiscal
Premium Generally Accepted Accounting Principles Annual report
Blackmores Limited (Blackmores). The analysis is to be based primarily on 2012 Annual Report of the corporation and any other information you deem relevant e.g. newspaper and journal articles etc. This will require you to search for articles on Blackmores. Background We will discuss and complete exercises using Blackmores’ annual report in seminars during weeks 4 -7 of the semester. Please ensure you bring a copy of the annual report (soft or hard copies) to these seminars. Blackmores Limited is
Premium Citation Financial statements Annual report
Project Section 1 This project‚ I chose Woolworths Limited Annual Report 2012 to answer the following questions: To whom is this report disseminated and how is this done? “The financial report provides people who are interested in a company – such as shareholders‚ lenders‚ analysts and employees – with information about the financial performance and financial position of the company”( A guide to understanding annual reports 2012). It is one means by which directors of the company advise shareholders
Premium Financial statements Annual report Balance sheet
INDEPENDENT BUDGET PROCESSES OF PARLIAMENT ACCOUNTABILITY AND SCRUTINY OF PARLIAMENTARY BUDGET 15 July 2010 FOR IMPROVED 1. Introduction Since the democratic dispensation in South Africa‚ government have developed progressive laws that embrace democratic values. These include the Constitution (Act no. 108 of 1996)‚ which entrenches democratic rights and provides a core foundation for the functionality of the South African government. Among other things‚ the Constitution sets out structures
Premium Internal control Annual report Financial statements
little busy I was tensed For a second But the answer was solved With my attention involved My answer were short and sweet And at last I did it This is the speciality And the best quality A person should have just like “ME” Now a days‚ there is very much progress in science. Some
Premium Tiger
these people need information contained in annual report? There are various reasons that this report to be presented to above mentioned people; 1. Management: It is the management of any organization which is responsible for planning strategies‚ developing operational plans and plan for future business‚ so management should know the performance of organization. 2. Shareholders: As shareholdrs are the only source of funding for any business so annual reports must be presented to them.So they
Premium Management Finance Annual report