Wipro's Accounting Policies
| Case Code: FINA006 Case Length: 15 Pages Period: 2003 Pub Date: 2004 Teaching Note: Not Available |
Price: Rs.300 Organization: Wipro Industry: Information Technology Countries: India Themes: - |
Abstract Case Intro 1 Excerpts
Excerpts
Background Note
Wipro had grown from a small producer of cooking oil founded in 1945 to a large diversified company by Indian standards with 23,000 employees, $902 million in revenues, and $170 million in profits for the fiscal year ended March, 2003. Sales had increased by an average of 25% a year and earnings by 52% annually during the period, 1999-2003. The man behind this rapid growth was Azim Premji. One of the richest men in the world, Premji continued to amaze people by his simple, direct, no nonsense approach...
Wipro's Consolidated Financial Statements
Wipro prepared its consolidated financial statements, under Indian Generally Accepted Accounting Policies (GAAP) in accordance with the requirements of Accounting Standards 21 , 23 and 27 , issued by the Institute of Chartered Accountants of India (ICAI). Wipro also prepared its consolidated financial statements in accordance with US GAAP and Securities and Exchange Commission (SEC) requirements...
Exhibits
Exhibit I: Wipro: Reconciliation Statement
Exhibit II: Wipro: Goodwill
Exhibit III: Wipro: Stock Based Compensation
Exhibit IV: Wipro: Consolidated Segment-Wise Business Performance
Exhibit V: Consolidated Profit and Loss Account
Exhibit VI: Wipro Limited and Subsidiaries Consolidated Statement of Income
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