Financial and Industry
Tags :
Global economy, environment effect
Industry :
FMCG/Foods/Beverage
Functional Area : Performance |
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About "Financial and Industry" topic:
Impact of external unpredictable environmental changes on business and industry economics
2 insight
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Swine flu impacts global economy By Mike Stones, 28-Apr-2009 Related topics: Financial Industry The virus is now so widespread, the focus should switch from containing it to mitigating its impact, said Dr Chan. Yesterday the organization raised the level of influenza pandemic alert from Phase Three to Phase Four; indicating that the likelihood of a pandemic has increased, but was not inevitable. Meanwhile, in New York trading yesterday shares in Smithfield Foods, the world’s largest pork processor and Tyson Foods fell on fears that the outbreak will lead consumers to shun pork products. Smithfield shares fell by $1.28, or 12 per cent, to $9.04 and Tyson dipped 97 cents, or 8.9 percen...
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Ahmed Sultan, ITC
| Commented
| 3 years ago
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The newly spread flu virus (A-H1N1) will have a negative impact on the world economy. It seems that the current economic suffering is not enough.
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Insight: "Swine flu impacts global economy" deleted from your view.
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The day before yesterday, There was a press release by our company(IRIS Business Services Pvt Ltd) titled 'Sorry wrong number: Study finds financial results of 209 listed Indian companies don’t add up' The report includes findings from the XBRL based data base, which we at IRIS, have created of about 1000 odd listed company, Which includes financial statements schedules to financial statements of the companies. The findings were astounding. There were as much as 209 companies whose numbers dint add up. i.e. in other words, there were calculation discrepancies in 'Audited' financial statements of the companies. For one of the company, there was an error of as much as Rs.216 Cro...
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sowmya
| Commented
| 2 years ago
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Yep.. There cannot be calculation inconsistencies in Audited Financial statements.
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punya
| Commented
| 3 years ago
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Thanks Mathew. That is true, that it may not be understood properly, it cannot be called a fraud. But the ultimate objective of reporting financial statements is lost. Assets = Capital + Liabilities The errors cannot be expected. That too from...
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Mathew Cherian
| Commented
| 3 years ago
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Sometimes companies create 'provisions' and 'reserves' for major losses. This might turn up a discrepency in the statement if not properly understood or entered.
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Insight: "Calculation inconsistencies in financial reporting by Companies" deleted from your view.
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Yes
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No
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Narinder Pal Singh
| Argues in support of
"No"
| 2 years ago
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I agree with Soma. Not always we can assure of "No fire" in oil depot. We can only do preventive measures. Oil related fire accidents are common across the world. Then why only to blame india of not being able to control these cases...
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Sachin Majarikar
| Argues in support of
"Yes"
| 2 years ago
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yes,complacancy has been in the blood of indians and we should take lessons from the incident that happen. "everyone is accountable " when this will be embarked in each and every citizen of our country then n then only we can prosper and stay safe.
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Soma Gupta
| Argues in support of
"No"
| 2 years ago
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I do not agree with this point. Fire accident is a very common possibility in oil related areas so what is so astonishing if this accident broke out in an oil fuel depot. Prevention in these cases is not 100 % guaranteed but measures to me taken...
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Debate: "Are Industries too Complacent on Safety Norms" deleted from your view.
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