Tag Archives | Indian Companies

Segmental Disclosures by Indian Companies

In this article we will discuss about the segmental disclosures by Indian companies. The Indian Companies Act, 1956 has provision for disclosures of some segmental (product) information in published annual reports such as sales (quantity and values), production (quantity and values), stocks (quantity and values), and purchases (quantity and values). Besides, information about licensed capacity and installed capacity for every [...]

By Archna Mohan|2016-06-18T06:59:44+00:00June 18, 2016|Segment Reporting|Comments Off

Problems of Cost System in Indian Companies

The following points highlight the seven major problems of cost system in Indian companies. The problems are: 1. Inadequate Capturing of Direct Material Costs 2. Excessive Emphasis on Labour Costs 3. Functional Classification of Overhead Costs 4. Simplistic Allocation Bases 5. Inadequate Attention to Service Departments and Service Organizations and Others. Problems of Cost System: Inadequate Capturing of Direct Material [...]

By Archna Mohan|2016-06-18T06:59:43+00:00June 18, 2016|Problems|Comments Off

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