Wipro by muzzamil sir
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Transcript of Wipro by muzzamil sir
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PRESENTED BY MUZZAMILsir: pethkanihama
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INTRODUCTION ABOUT COMPANY
• Wipro started as a vegetable oil company in 1947 from an old mill founded by Azim
Premji's father.
• When his father died in 1966, Azim, a graduate in Electrical Engineering from
Stanford University, took on the leadership of the company at the age 21.
• He repositioned it and transformed Wipro (Western India Vegetable Products Ltd) into
a consumer goods company that produced cooking oils/fat company, laundry soap, wax
and tin containers. At that time, it was valued at $2 million.
• In 1977, when IBM was asked to leave India, Wipro entered the information technology
sector. In 1979, Wipro began developing its own computers and in 1981, started selling
the finished product.
• This was the first in a string of products that would make Wipro one of India's first
computer makers.. In 1980 Wipro moved in software development and started
developing customized software packages for their hardware customers.
• This expanded their IT business.
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COMPANY OVER VIEW
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FUTURE PLANS
• Wipro will go for more than 20 acquisitions in this
year especially in USA.
• Wipro to hire 25000 techies in Karnataka.
• Wipro has a strong target of increasing sales of
Fixed Contracts by 10%.
• Wipro is going to increase manpower in IT Sector
up to 2,000 for US firms .
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ACCOUNTING STANDARDS TO BE DISCUSSED
• AS:1.Disclosure of Accounting Policies.
• AS:2.Valuation of Inventory.
• AS:5.Profit and loss for the period.
• AS:9.Revenue Recognition.
• AS:11.Accounting for Foreign Exchange
• AS:17.Segment Reporting.
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Disclosure of Accounting Policies
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Valuation od Inventory
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REVENUE RECOGITION
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FOREIGN CURRENCY TRANSACTION
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SEGMENT REPORTING
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APPLYING THOUGHT