Contents Impact analysis of changes in accounting policy 2 Suzlon returns to profits, with help from accounting policy 2 Impact due to change 2 What company says 2 Reliance Communications dubbed “poster child of everything wrong with Corporate India” 2 Accounting Standards subverted: 3 Indosolar Limited 3 Change in treatment of miscellaneous expenditure 3 Impact of change 3
Impact analysis of changes in accounting policy
Suzlon returns to profits, with help from accounting policy http://www.thehindubusinessline.com/companies/suzlon-returns-to-profits-with-help-from-accounting-policy/article2026727.ece Impact due to change higher profits as a result of a decision not to align accounting policies of its foreign subsidiary REpower with itself
What company says
: based on a detailed evaluation of the contracts of Suzlon and REpower has concluded that the nature and level of customisation of the contracts of Suzlon and REpower are different and hence non-alignment of the revenue recognition policy of REpower to that of Suzlon would result in a more appropriate presentation of the financial statements. Due to this change the revenue and the net profit after tax is higher by Rs 974.97 crore and Rs 109.57 crore respectively.
Reliance Communications dubbed “poster child of everything wrong with Corporate India” http://www.moneylife.in/article/reliance-communications-dubbed-poster-child-of-everything-wrong-with-corporate-india/18258.html One of the key discoveries of Veritas is that between the time RCom was demerged from RIL on 31 August 2005 and listed on 6 March 2006, "the ownership of promoters ballooned from 38.27% to 63% in RCom, under the guise of improving shareholder value and transparency. …. …the much discussed Ambani split is a charade to deflect attention from a well thought-out plan to split family