This month the Accounting and Auditing Update focusses on the healthcare sector and highlights key matters relating to accounting, financial reporting and regulatory areas relevant to this sector.
Our articles on Indian Accounting Standards (Ind AS) highlight key areas of impact such as revenue recognition, accounting of property, plant and equipment, consolidated financial statements (including acquisition of businesses), segment reporting, etc. and explains Ind AS requirements related to the sector.
The publication also features an interaction with senior members of two leading companies in this sector; Dr. Om Prakash Manchanda, Whole-time Director and Chief Executive Officer and Mr. Dilip Bidani, Chief Financial Officer, Dr. Lal Pathlabs Limited; Mr. Krishnan Subramanian, Group Chief Financial Officer, Healthcare Global Enterprises Limited and explores some key accounting, reporting and other topical matters relevant to the industry.
This publication also carries an article on the proposed Goods and Services Tax (GST) and provides an overview on the likely impact of GST on the healthcare sector. We also seek to highlight recently introduced sections of the Income-tax Act 1961 and potential benefits that Finance Act 2016 provides to the sector.
Additionally, in this publication, we lay emphasis on considerations and challenges that companies in this sector could face while implementing Internal Financial Controls.
Our publication also carries a regular synopsis of regulatory updates.
© 2017 KPMG, an Indian Registered Partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.