Question

Impact of accounting policy changes in fmcg industry

Answer 1

Answer:

Ind-AS, the new accounting standards that came into effect from April 1, might squeeze the revenues of fast moving consumer goods (FMCG) companies by up to eight per cent in 2016-17. ... Sunil Duggal, chief executive, Dabur India, said six to seven per cent of its FY17 revenue would be hit.