1. Submitted By: AMIT ARORA Enrolment No: M090700005 Dated: 16 Sep,2009 Submitted To: Dr. ASHOK BHANSALI ASSIGNMENT

3. Creation of slack resources

4. Optimum utilization of resources1.NEED FOR INFORMATION

5. Facility information model Plant information model Building information model Flow of information in an ORGANIZATION VERTICALLY HORIZONTALLY INFORMATION MODEL

6. Computer Age or Information Era Use of INTERNET - Digital Revolution INFORMATION AGE

7. Information management (IM) To control the structure & functioning of Org. understanding of the technology information management entails organizing, retrieving, acquiring and maintaining information practice of Data Management NEED

8. vast need for decision making prevent individuals from acting strictly rational access, collect and evaluate all environmental information decision at a reasonable price, i.e., time and effort design strategies for organization INFORMATION PROCESSING

9. Reduction of information processing needs Environmental management Creation of slack resources Creation of self-contained tasks Increasing the organizational information processing capacity Creation of lateral relations Vertical information systems Five main organization design strategies

10. formal records of the financial activities of a business, person, or other entity financial statements are often referred to as accounts an overview of a business or person's financial condition in both short and long term. 2.FINANCIAL STATEMENTS

11. Balance sheet: reports on a company's assets, liabilities, and Ownership equity as of a given point in time. Income statement: also referred to as Profit and Loss statement (or a "P&L"), reports on a company's income, expenses, and profits over a period of time. Statement of retained earnings: explains the changes in a company's retained earnings over the reporting period. Statement of cash flows: reports on a company's cash flow activities, particularly its operating, investing and financing activities. Four basic financial statements

12. Owners and managers require financial statements to make important business decisions Employees also need these reports in making collective bargaining agreements (CBA) Investorsmake use of financial statements to assess the viability of investing in a business. PURPOSE

13. Financial institutions use them to decide whether to grant a company with fresh working capital or extend debt securities Government entities (tax authorities) need financial statements to ascertain the propriety and accuracy of taxes Vendors require financial statements to assess the creditworthiness of the business. PURPOSE

14. An Annual report is a comprehensive report on a company's activities throughout the preceding year. Gives shareholders and other interested persons information about the company's activities and financial performance. 3.ANNUAL REPORT

15. Balance statement of financial position summary of a organization's balances Includes Assets, Liabilities & Ownership Equity Equity = Assets - Liabilities FIRST REPORT

16. Cash flow statement provide information on a firm's liquidity and solvency information for evaluating changes in assets, liabilities and equity indicate the amount, timing and probability of future cash flows SECOND REPORT

17. Income statement [(P&L) and Statement of Operations] The purpose of the P&L is to show managers and investors whether the company made or lost money Operating section Revenue Expenses THIRD REPORT

18. field of accountancy concerned with the preparation of financial statements fundamental need for financial accounting is to reduce principal-agent problem used to prepare accounting information for people outside the organization help managers make decisions to manage the business. 4.FINANCIAL ACCOUNTING

19. Financial analysis is performed on statements to provide management with a more detailed understanding of the figures. statements are also used as part of management's annual report to the stockholders. Employees or labor union need these reports in discussing their compensation, promotion and rankings. ROLE

20. Financial analyses are often used by Investorsand are prepared by financial analysts, thus providing them with the basis for making investment decisions. Projectstakeholders a) Sponsor a project b) Have an interest in a project. Examples : customers, the user group, the project manager, the testers, etc. ROLE

21. MANAGERS Aims Formulating strategies Planning and constructing business activities Helps in making decision Optimal use of Resource (economics) Supporting financial reports preparation Safeguarding asset ROLE

22. CREDITORS It is a person or institution to whom money is owed Accounting classification Long-term liabilities 'Long-term creditors' Current liabilities 'Current creditors' ROLE

23. objective of financial statements is to provide information about the financial position useful to a wide range of users in making economic decisions Financial statements should be understandable, relevant, reliable and comparable ROLE

24. Media and the general public are also interested in financial statements for a variety of reasons describe management's performance and the company's financial highlights. effective way for corporations to communicate with individual shareholders. ROLE

25. INTERVIEW WITH Mr. MURTHY (Infosys) 1. How important is financial reporting to a technology company? To understand the strategy of performance Single window for our investors to look into our operations and aspirations. To understand financial values of the company

26. 2. Philosophy of Infosys Under promise, Over Delivery 3.Financial reporting as a part of business strategy. To assess the viability Helps customer to understand the strategy INTERVIEW WITH Mr. MURTHY

27. 4. Financial disclosure results in competitive disadvantage It should not create asymmetry of benefits We believe to disclose, when in doubt 5. Summary of annual report to retail investors It is worthwhile for the company as well as for customers . INTERVIEW WITH Mr. MURTHY

32. Investment will indeed bear fruitINTERVIEW WITH Mr. MURTHY

34. Transparency, fairness and accountability to stakeholders

35. Pressure to Benchmark

36. Market capitalization INTERVIEW WITH Mr. MURTHY

37. THANK YOU