Disclosures in IFRS Evidence from Infosys financial statements Abstract: INTRODUCTION: To reassure the position of a globalised economy, India is all set to implement IFRS .This paper attempts to show cause the disclosures as per the new accounting standard IFRS. Infosys, the software giant is one of the early movers in India to prepare the financial statements as per IFRS. This company has carved a niche in itself in good practices in financial reporting. Though India has missed the earlier
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standpoints: (1) it provides a poor measure of operating performance each period because of the inaccurate matching of revenues and expenses (see discussion in Chapter 4), and (2) it excludes important investing (acquisitions and sales of long-lived assets) activities and financing (issuance or redemption of bonds or capital stock) activities of a firm that affect cash flow. 6.3 Accrual accounting provides a measure of operating performance that relates inputs to outputs without regard to when a firm
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PG&E CORPORATION | SELECTED CONSOLIDATED STATEMENTS OF OPERATIONS | (In millions, except per share amount) | | | | | | | | | | | Year Ended December 31, | | | | 2008 | | 2007 | | 2006 | | Operating Revenues | | | | | | | | Electric | $ | 10,738 | $ | 9,480 | $ | 8,752 | | Natural Gas | | 3,890 | | 3,757 | | 3,787 | | Total operating revenues | | 14,628
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concepts listed in Key Terms and Concepts. Balance sheet: Statement of financial position that shows Total Assets 5 Total Liabilities 1 Owners’ Equity. The balance sheet usually classifies Total Assets as (1) current assets, (2) investments, (3) property, plant, and equipment, or (4) intangible assets. The balance sheet accounts composing Total Liabilities usually appear under the headings Current Liabilities and Long-Term Liabilities. Income statement: The statement of revenues, expenses, gains,
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Current and Noncurrent Assets Paper Every business must have assets to generate income for the business. Businesses must account for all assets in their balance sheets regardless if what is being reported are assets or non-assets. Balance sheets are organized in a particular way so that financial statements fundamentals are arranged in subgroups. Some of the basic examples of assets consist of cash, accounts receivables, and prepaid expenses. Examples of non-current assets consist of fixed assets
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Governance 9 vi. Business Strategy 10 vii. SWOT Analysis 10 B. Financial Analysis 11 1. Horizontal Analysis 11 2. Vertical Analysis 11 3. Financial Ratios 16 A. Liquidity 16 i. Current Ratio 16 ii. Acid-Test Ratio 16 B. Activity Measures 17 i. Accounts Receivable Turnover 17 ii. Inventory Turnover 17 iii.Fixed Asset Turnover 17 C. Profitability Measures 18 i. Gross Profit Margin 18 ii. Operating Profit Margin 18 iii. Net Profit Margin 18 iv. Return on Equity (ROE) 19 D. Debt
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standpoints: (1) it provides a poor measure of operating performance each period because of the inaccurate matching of revenues and expenses (see discussion in Chapter 4), and (2) it excludes important investing (acquisitions and sales of long-lived assets) activities and financing (issuance or redemption of bonds or capital stock) activities of a firm that affect cash flow. Accrual accounting provides a measure of operating performance that relates inputs to outputs without regard to when a firm receives
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Company Profile Name: Coca-Cola Co. Ticker: KO Industry: Consumer Goods Jurisdiction of incorporation: United States Number of shares of common stock outstanding: 2,294,316,831 The Coca-Cola Company is the world’s largest nonalcoholic beverage company. We own or license and market more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and
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alternative translation rates 7 A. Exchange rates used in translation 7 1. Current rate: 7 2. Historical rate: 7 3. Average rate: 8 B. Risks associated with fluctuations of exchange rates 8 1. Currency transaction risk 9 2. Currency translation risk 9 V. Foreign Currency Translation Methods 9 A. Single rate method 10 1. Current rate method 10 B. Multiple rate method 11 1. Current/noncurrent method 11 2. Monetary/nonmonetary method 11 3. Temporal method 12 VI.
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Accounting Equation Assets=Liabilities+Equity Accounts Payable A short term liability that will be paid in the future Accounts Receivable The right to receive cash in the future from customers for good sold or for services performed Assets Economic resources that are expected to benefit the business in the future.Something the business owns or has control of. Audit An examination of a company's financial statements and records Balance Sheet Reports on the assets,liabilities and stockholders
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