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Accounting scams
1.
ACCOUNTING SCAMS IN
INDIA
2.
A P r o j e c t By-
3.
Introduction Types of Accounting
Scams Satyam Scam Other Scams Impact Controlling Authorities Conclusion
4.
5.
TYPES OF SCAMS
6.
SATYAM SCAM About Satyam
Milestone Scandal Confessions Consequences
7.
ABOUT SATYAM The Company Position The
Satyam Scam Balance Sheet
8.
Balance Sheet Of
Satyam Computer Ltd as on 30TH September, 2008 8794.98 1217.8 1230.00
9.
Balance Sheet Of
Satyam Computer Ltd as on 30TH September, 2008 APPLICATION OF ADJUSTMENTS FUNDS 1. Fixed assets 1381.10 1381.10 1381.10 2. Investments 618.64 618.64 618.64 3. Tax 118.75 118.75 118.75 4. Current assets a. sundry debtors 2651.36 490.00 2161.36 b. cash 5312.62 272.62 5040 c. accrued interest 376.34 - 376.34 d. Loans 502.22 502.22 - LIABITIES 2166.05 2166.05 - Net current assets 6676.49 901.21 (5775.21) TOTAL APPLICATION OF 8794.98 1217.28 7577.7 FUNDS
10.
CONFESSIONS
11.
CONSEQUENCES Impact on Indian
IT Sector. India’s step to save Satyam. Satyam is seeking bank loans to cover expenses. Acquisition of the Company. Indian Stock Market Slipped-Shook Confidence of the investors. Financial terrorist
12.
OTHER SCAMS
13.
IMPACT OF SCAMS
14.
15.
CONCLUSION Business Ethics of
Finance Social Responsibility
16.
THANK YOU