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In the 2011–12 fiscal year, TCS achieved annual revenues exceeding US$10 billion for the first time. [33] In May 2013, TCS was awarded a six-year contract valued at over ₹ 11 billion (US$130 million) to provide services to the Indian Department of Posts. [34]
Historical financial statements. Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.
Of the four basic financial statements, the balance sheet is the only statement which applies to a single point in time of a business's calendar year. [2] A standard company balance sheet has two sides: assets on the left, and financing on the right–which itself has two parts; liabilities and ownership equity.
TCS BaNCS is a core banking software suite developed by Tata Consultancy Services for use by retail banks. [ 2 ] It includes functions for universal banking , core banking , payments, wealth management, forex and money markets, compliance, insurance, securities processing, custody, financial inclusion, Islamic banking and treasury operations.
A chart of accounts compatible with IFRS and US GAAP includes balance sheet (assets, liabilities and equity) and the profit and loss (revenue, expenses, gains and losses) classifications. If used by a consolidated or combined entity, it also includes separate classifications for intercompany transactions and balances.
Google Cloud Connect was a plug-in for Microsoft Office 2003, 2007, and 2010 that could automatically store and synchronize any Excel document to Google Sheets (before the introduction of Drive). The online copy was automatically updated each time the Microsoft Excel document was saved.
Normal Balances refer to whether the balance for an account in a properly-formed trial balance is usually a debt or a credit. A normal balance also reflects the accounting equation. If a trial balance for an account is reversed, such an account is called a "contra-account" (e.g. accumulated depreciation as an asset or owners drawings as equity ...
On a balance sheet, accounts are listed in order of liquidity, so long-term liabilities come after current liabilities. In addition, the specific long-term liability accounts are listed on the balance sheet in order of liquidity. Therefore, an account due within eighteen months would be listed before an account due within twenty-four months.