article thumbnail

Private firms, not-for-profits reckon with CECL

CFO Dive

Many not-for-profits and private companies are just beginning to grapple with the new rules for current expected credit loss accounting.

article thumbnail

Profit and loss – get financial insight

Jedox Finance

The profit and loss statement is one of the main parts of the annual statement that companies must prepare at the end of a financial year, along with the cash flow statement and accounting balance sheet. This article discusses influential factors, advantages, and common problems considering the profit and loss statement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Profit or loss of a PSU not among criteria for disinvestment: Fin Min

CFO News

The finance ministry informed the Parliament that profit or loss of a state-run company is not among the relevant criteria for its privatisation or disinvestment policy but it’s based on the economic principle that the government should discontinue in sectors where competitive markets have come of age.

article thumbnail

Q3 Results: GAIL profit rises 121% on higher spot LNG prices

CFO News Room

State-run gas transporter GAIL ’s net profit increased 121.1% crore on a standalone basis in the quarter ended December, as the natural gas marketing business — GAIL’s largest revenue earner — reported a before-tax profit of Rs 1,749.7 crore against a loss of Rs 73.7 GAIL revenue increased 65.9% y-o-y to Rs 26,427.4

article thumbnail

How to Calculate Your Profitability: A Case Study

CFO Simplified

As Iowa State University reminds us, “profitability is the primary goal of all business ventures.”. Business leadership is often responsible for measuring current, past, and future profitability. But what is profitability? This CFO Simplified client watched profitability slowly disappear—until they incurred a $125,000 loss.

article thumbnail

Tatas' aviation business more than halves loss in FY24: Annual report

CFO News

The Tata Group's aviation business, including Air India and Vistara, reduced losses to ₹6,337 crore from ₹15,414 crore. Tata Digital's business grew 148%, but net losses widened. Tata Sons' net profit rose 57% to ₹34,654 crore. Air India saw a 24% revenue increase to ₹51,365 crore.

article thumbnail

Loss-making companies pay royalty too: Sebi

CFO News

The study, conducted over a 10-year period, found that 25% of companies paid over 20% of their net profit as royalty. Some companies paid royalty despite not declaring dividends or even making profits. A study by SEBI revealed that some listed Indian companies prioritized royalty payments to promoters over shareholder dividends.