Corporate Reporting in India - 9449 Words

REPORTING PRACTICE OF THE CORPORATE SECTOR IN INDIA Sham Lal amp; 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 to the users of financial reports. The study points out that the effective corporate reporting can only be achieved by a voluntary change in the corporate reporting philosophy. In order to achieve high standards of corporate reporting†¦show more content†¦They have suggested that the management of a company should take more interest in this area. . D.R. Singh and S.K. Bhargava (1978) in their study â€Å"Quality of Disclosure in the Public Sector Enterprises† have examined the annual reports of 40 public sector enterprises for the year 1972-73. They have concluded that the quality of disclosure varies from enterprise to enterprise. They have suggested that the quality of disclosure of information in the annual reports should be imp roved. Jawahar Lal (1985) in his book entitled â€Å"Financial Reporting by Diversified Companies† has examined an important issue namely whether diversified companies should report their results on segmental basis in their annual reports. He has discovered that the majority of Indian investors covered in the study prefer segment reports on the basis of broad industry grouping. Claire Marston (1986) in his published dissertation entitled â€Å"Financial Reporting in India† has attempted to compare and contrast the financial reporting practices in the United Kingdom and India. He has concluded that the financial reports in India fail to satisfy the needs of the investors. H.S.Oza (1990) in his research paper â€Å"New Perspectives in Corporate Financial Reporting in India† has highlighted the new perspectives in corporate financial reporting in India. The main developments include Interim Financial Reporting, Board’s Report, Auditors’ Report, Inf lationShow MoreRelated The Greenhouse Gas Protocol1577 Words   |  7 Pagesare developed. Such accounting of GHGs is a common practice in developed countries and is increasingly being adopted in developing countries as well. However, need for an internationally acceptable standardized and comparable GHG accounting and reporting was felt necessary that lead to the establishment of the Greenhouse Gas Protocol (GHG Protocol), which has developed protocols, standards and guidelines for the objective. What is the GHG Protocol? The GHG Protocol is the most widely used and internationalRead MoreAnalysis Of Corporate Governance Disclosure Practices Of Listed Companies1000 Words   |  4 PagesProblem Ever since India opened up its economy to privatization, liberalization and globalization there has been rapid institutionalization of the corporate sector and private enterprise. This has quickened the pace of economic growth since 1992. In this changed scenario, the quality of Corporate Disclosures has been an important factor not only for survival of the companies but also for influencing the company’s ability to raise money from capital market. In recent times, corporate governance has attractedRead MoreSample Essay1741 Words   |  7 PagesOperations – SPV, Holding companies †¢ Corporate Trust – Tender Option Bonds Event Management †¢ Private Bank Operations – Corporates and Family Office †¢ Corporate Trust – Client Instruction Web Portal †¢ Custody – Instructions Processing and Instruction Settlement †¢ Derivatives – Option and Futures monitoring †¢ Custody – Corporate Actions Instruction, Trades instructions, FX instructions and Settlement †¢ Custody services – Exchange traded funds settlement †¢ Reporting Regulation –FATCA, Dodd Frank TitleRead MoreLegal Framework For Environmental Accounting Essay1614 Words   |  7 Pagesspecial status. 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Corporate Social Responsibility (CSR)Read MoreSocial Responsibility And Its Impact On Society1579 Words   |  7 Pagesaccountability and transparency of resources became the basic ingredients for social responsibility. Only in 1953, Bowen raised a question â€Å"What responsibility to the Society can business people be reasonably expected to assure† that evaluated the term Corporate Social Responsibility abbreviated as CSR. The CSR in 1966 was then defined as:â€Å"Social responsibility, therefore, refers to a person’s obligation to consider the effects of his decisions and actions on the whole social system. Businessmen apply socialRead MoreCorporate Social Responsibility : Asia A Seven Country Study Of Csr Web Site Reporting1352 Words   |  6 Pagesand Moon, J Corporate Social Responsibility (CSR) in Asia A Seven-Country Study of CSR Web Site Reporting This essay will discourse Chapple and Moons’ (2005) study of corporate social responsibility (CSR) in Asia. The argument will be done through a critical review of Chapple and Moons’ (2005) paper by considering exploration methods, limitations, findings and theoretical bases. CSR has a long History and is traceable within literature but came in action in the 20th century. Corporate Social ResponsibilityRead MoreSwot Analysis : Corporate Social Responsibility785 Words   |  4 PagesThe term â€Å"corporate social responsibility† (CSR), is described by the International Organization for Standardization (known as ISO) strategic advisory group on CSR as â€Å"a balanced approach† which organizations use to handle economic, social and environmental issues in order to benefit people, communities and society (ISO, 2002). Also, Burchell (2008: 252) believes that CSR has â€Å"the power to rebuild† the values of the contemporary corporation and the subsequent behavior and practice that such valuesRead MoreScm in Banking Sector1398 Words   |  6 PagesSECTOR 1 PRESENTATION FLOW Service Industry – Features ï‚ ¢ SCM in Service Industry ï‚ ¢ Banking Industry – Overview ï‚ ¢ Problem Statement ï‚ ¢ Objectives for FY2010 ï‚ ¢ Retail Banking (Liquidity and Credit Management) ï‚ ¢ Credit Card Delivery Mechanism ï‚ ¢ Corporate Banking ï‚ ¢ HNI Banking ï‚ ¢ 2 UNIQUE FEATURES OF SERVICE INDUSTRY ï‚ ¢ The customer – a participant in the service process ï‚ ¢ Simultaneous production and consumption ï‚â€" Perishability ï‚ ¢ Limited Scale Economies ï‚ ¢ Labor Intensiveness ï‚ ¢ Intangibility