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How “Net Worth” has become a new gift packaging for bad news

How

Visualization of Sadhana Saxena via AI

Summary

Companies use the Networth metric to alleviate or mitigate the effects of financial discrepancies that have to be reported to investors. Experts warn that these practices are misleading, inventor -friendly and should be discouraged by the supervisory authorities.

In a development that the eyebrows raised in the Dalal Street, Ramkrishna Fornings Ltd (RKFL) recently announced in Kolkata discrepancies in his inventory in absolute numbers, but in terms of assets. This unconventional disclosure has drawn criticism from analysts and accounting experts for his potential to disguise the actual financial effects on the company. In an Exchange announcement last month, RKFL explained this during one

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