SEBI TO MAKE FINANCIAL REPORTING MORE ROBUST.
As it is known that the financial condition of our economy is weakening day by day sebi decided to make financial reporting more strong and for that what it 'll do lets have a look:
1-Companies has to give consolidated quarterly results ,but it is mandotary full year numbers.
2-It proposed that companies should give a snapshot of the cash flow statement along with half yearly results.and this will allow investors to compare change in profit with change in cash flow,means to assess if growth is healthy or not.it has also rcommended that companies have to publish consolidated results as per INDIAN ACCOUNTING STANDARDS.
3-Another important change is exceptional items have to be reported seperately.
Those companies which report consolidated financial for all quarter need not report segment -wise numbers with stand alone financilals.But the bigger task is to make companies report segment wise results in the first place.
AKANKSHA SHANU
PGDM -1 sem.
As it is known that the financial condition of our economy is weakening day by day sebi decided to make financial reporting more strong and for that what it 'll do lets have a look:
1-Companies has to give consolidated quarterly results ,but it is mandotary full year numbers.
2-It proposed that companies should give a snapshot of the cash flow statement along with half yearly results.and this will allow investors to compare change in profit with change in cash flow,means to assess if growth is healthy or not.it has also rcommended that companies have to publish consolidated results as per INDIAN ACCOUNTING STANDARDS.
3-Another important change is exceptional items have to be reported seperately.
Those companies which report consolidated financial for all quarter need not report segment -wise numbers with stand alone financilals.But the bigger task is to make companies report segment wise results in the first place.
AKANKSHA SHANU
PGDM -1 sem.
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