subprime crisis and the subsequent freezing of purchase decisions in the U.S have brought home to the Indian information technology service (ITS) companies the recklessness of depending almost entirely on that one market. India’s top five ITS companies – TCS‚ Infosys‚ Wipro‚ Satyam and HCL Tech – collectively lost over Rs 2‚50‚000 crore in market value in 2007-2008. Operating profits were also down‚ with margins for the companies decreasing by 6 to 15 percent this year. The banking‚ financial services
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CHAPTER 2 – Investing and Financing Decisions and the Balance Sheet I. THE OBJECTIVE OF FINANCIAL REPORTING‚ THE ELEMENTS OF THE BALANCE SHEET‚ AND THE RELATED KEY ACCOUNTING ASSUMPTIONS AND PRINCIPLES. A. Primary objective of financial reporting 1. To provide useful economic information about a business to help investors and creditors make good financial decisions. a. Decision makers are expected to have a reasonable understanding of accounting concepts and procedures
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References: http://www.tcs.com/homepage/Pages/default.aspx http://www.expresscomputeronline.com/20051226/technologylife01.shtml http://en.wikipedia.org/wiki/Tata_Consultancy_Services http://www.prdomain.com/companies/T/TCS/newsreleases/200652633026.htm http://www.tcs.com/about/corp_responsibility/Documents/TCS_Corporate%20_Sustainability_Report_2007_Final.pdf http://www.tcs.com/about/tcs_difference/global_delivery/Pages/default.aspx
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CHAPTER 5 Balance Sheet and Statement of Cash Flows ASSIGNMENT CLASSIFICATION TABLE | | |Brief Exercises | | | | |Topics |Questions | |Exercises |Problems |Cases | |1. |Disclosure principles‚ uses of the |1‚ 2‚ 3‚ 4‚ 5‚ 6‚ 7‚|1 |
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Key pointers to balance sheet and profit and loss statements: A balance sheet represents the financial affairs of the company and is also referred to as “Assets and Liabilities” statement and is always as on a particular date and not for a period. A profit and loss account represents the summary of financial transactions during a particular period and depicts the profit or loss for the period along with income tax paid on the profit and how the profit has been allocated (appropriated).
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TCS Document Check List CHECK LIST Set of Documents: 1. Joining Letter : : 3 Self-Attested(2 Plain-copy for safety) 2. Offer Letter : : 3 Self-Attested(2 Plain-copy for safety) 3. Non-Criminal Affidavit : : Original AND MUST BE NOTARIZED BY NOTARY 4. Service Agreement : : Original(Carry an extra copy of SA from Page 2-5 signed by you and your Surety for Safety) (SA NEED NOT BE NOTARIZED) 4.a) Surety Verification Form/Surety’s Passport: SVF 1 copy GO Attested/
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The State of Statements: Balance Sheets‚ Income Statements and Statements of Cash Flow Robert M. Traynor‚ Ed.D.‚ MBA CEO/Audiologist Audiology Associates‚ Inc. Johnstown‚ Colorado Introduction For most audiologists the patient is foremost in mind as we provide hearing care services. Successful practitioners know that when their practice is centered on their patient’s welfare‚ success will usually follow. Probably the greatest responsibility of the Robert G. Glaser‚ Ph.D. CEO/Audiologist Audiology
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Net cash provided by operating activities was Rs. 14‚455.5 million in the nine-month period of fiscal 2004. During this period there was a decrease in accounts receivable of Rs. 2‚911.5 million‚ and prepaid expenses and other current assets of the TCS Division increased by Rs. 1‚781.5 million during this period. Unbilled revenues increased by Rs. 1‚428.94 million. Net cash provided by operating activities was Rs. 8‚774.8 million and Rs. 12‚605.5 million in fiscal 2003 and 2002‚ respectively. Net
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Off-balance Sheet Financing Vehicles – Restructuring Problems When something collapses‚ there are always some things to blame on; and for the financial crisis erupted August 2007‚ people blamed it on off-balance sheet financing vehicles. Special purpose entities (SPEs)‚ structured investment vehicles (SIVs)‚ or variable interest entities (VIE) are different terms used for “off-balance sheet financing” practices that banks had used to hide their debts until the recent market meltdown. This paper
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The balance sheet approach’s main goal is to properly value assets and liabilities. The assets are most commonly valued by the amount of money they can receive by selling that asset for or how much they spent for the asset. The determination of the accounting method depends on the nature of the underlying item and how the firm intends to use it. Earnings is a function of the change in net assets. The income statement approach’s main goal‚ on the other hand‚ is to determine revenues‚ expenses‚ and
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