Infosys' Accounting Policies
| Case Code: FINA007 Case Length: 15 Pages Period: 2003 Pub Date: 2004 Teaching Note: Not Available |
Price: Rs.300 Organization: Infosys Industry: Information Technology Countries: India Themes: - |
Abstract Case Intro 1 Excerpts
Excerpts
Background Note
After receiving a master's degree in electrical engineering from one of India's highly regarded Institutes of Technology (IIT - Kanpur) in the 1960s, Narayana Murthy (Murthy) left for France to develop software for the air traffic control system at Paris' Charles de Gaulle airport. During college, Murthy had believed that communism was the answer to his country's problems of poverty and corruption. This belief was strengthened during his time spent with Paris leftists in the 1970s. But while hitchhiking back to India in 1974, Murthy's Marxist sympathies eroded quickly after he was jailed in Hungary for allegedly disclosing state secrets while talking with Austrian tourists on a train...
Significant Accounting Policies
Infosys prepared its financial statements in accordance with Indian Generally Accepted Accounting Principles (GAAP) under the historical cost convention and applicable accounting standards issued by the Institute of Chartered Accountants of India (ICAI) and the relevant provisions of the Companies Act, 1956. The consolidated financial statements included accounts of the company and its subsidiary undertakings...
Exhibits
Exhibit I: Infosys: Corporate Profile
Exhibit II: Infosys: Key milestones
Exhibit III: Infosys: Summary Financials
Exhibit IV: Infosys: Expenditure
Exhibit V: Infosys: Fixed Assets and Depreciation & amortization
Exhibit VI: Infosys: Estimated Useful Lives of Various Fixed Assets
Exhibit VII: Infosys: Income Tax
Exhibit VIII: Infosys: Stock Options under 1998 Plan
Exhibit IX: Infosys: Stock Options under 1999 Plan
Exhibit X: Infosys: Stock Option Expensing under SEBI guidelines
Exhibit XI: Infosys: Stock Option Expensing Under US GAAP
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