Group Number – 7

Group Members:
Arushi Tewari - 21020072
Shivani Khare - 21020037
Supriya - 21020034
Tanmay Srivastava - 21020030

Wipro Accounting Report

Analysis of Financial Statements
Wipro Limited is a company that specialises in IT, consulting, and business process
outsourcing. It follows a mass market business approach and makes no
distinctions based on firm size. It offers services in the fields of education,
banking, manufacturing, and telecommunications. The corporation follows a
straight-line approach to depreciation. Non-current and current deposits are
invested in by the corporation in accordance with banks, generally on the basis of
term deposits held as margin money. There are no significant gains or losses on
derivative transactions in the company's basic and diluted EPS. The chairman's
statement contains information about the company's activities, strategies,
research, labour relations, major accomplishments, future goals, and growth. The
directors' report, on the other hand, comprises information on the state of the
organization's undertakings, including profits, reserves, and dividends, substantial
changes, and commitments, if any, energy conservation, technology absorption,
and foreign exchange earnings.

The information offered by the company, such as business strategy and

technology change, gives investors and analysts a clear picture of the company's
long-term goals. Corporate governance is a complicated subject in which the
structures and principles define the rights and responsibilities of different people.
The knowledge about a company's management creates a powerful feeling,
encouraging others, and being real, but it also has a flip side, leading to fear of
rejection, rage, pity, violence, and disappointment.
The cash flows from the company's ordinary revenue-generating, investment, and
financing activities are separated. Noncash expenses like as depreciation and
amortisation are included in the cash flow statement under operating operations.
Depreciation expense is included in net income because it reduces net income but
does not affect cash flow. It lowers a company's taxable income.
Interest receivable refers to interest generated on investments, loans, or past-due
invoices that has not yet been paid. The term "interest receivable" refers to a
company's expected interest revenue. Dividend income is similar to cash
dividends paid to corporation shareholders. Dividends are paid out to the
company's shareholders in the form of stock dividends. As a result, they're on an
even footing.The interest expense equals the interest paid, according to the cash
flow statement.
The cash flow statement represents changes in working capital, it is preferable to
first establish a schedule of changes in working capital before generating the Cash
Flow Statement. Profit and cash flow are both important characteristics of a
company. It is critical for a company to earn profits while also functioning with
positive cash flow in order to be successful in the long run. Profit is computed by
deducting total revenue from costs of sales, operating expenditures, depreciation,
interest, amortisation, and taxes. Cash flow from operations, on the other hand, is
included in the cash flow statement. The cash flow statement is a financial
statement that shows how much cash and cash equivalents are coming in and
going out of a business. The profit and loss statement, balance sheet, and cash
flow statement are all interconnected, as we all know. Finally, several sorts of
ratios such as per share, profitability, liquidity, leverage, and others can be used
to analyse the company's financial records.
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