11-Jul-2011

Common fudges in India Inc's accounting standards


In recent times, many companies have resorted to inflating their numbers in keeping with their reputations or to meet investor expectations. What started as a trickle is now a full-fledged practice.

Fortunately, equity analysts have been quick to sift through annual reports and flag instances of creative accounting. Here are some of the more common fudges in corporate India's accounting standards.


http://economictimes.indiatimes.com/quickiearticleshow/9186447.cms