TVS Motor Company is the third largest two-wheeler manufacturer in India. It manufactures a wide range of motorcycles, scooters, mopeds, and auto rickshaws. The company follows accounting policies like accounting convention, valuation of inventories, depreciation, and related party disclosures as per Indian GAAP. It aims to become a highly profitable and socially responsible manufacturer of high value, fuel-efficient vehicles.

1. Inspiration in Motion
PRESENTED by:- POOJA
DEVI

2. TVS motor company is the third largest two wheeler
manufacturer in India. TVs motor company Ltd(TVS Motor),
Member of the TVs group, is the largest company of the group in
term of size and turnover.
o Industry : Public
o Founded: 1978
o Founder: TV sundaram lyengar
o Headquarter: Chennai, India
o Total Revenue: Rs 11,516 cr

3. TVS motor currently manufactures a wide range of two and three – wheelers.
Motorcycle: Apache series RTR, Victor, Starcity+, Sport, Max
4R.
Scooter: Jupiter, Wego, Scooty Zest 110, Scooty pep+

4. Mopeds XL 100, XL Super, XL Super Heavy Duty
Auto rickshaw TVs king

5. Extended warranties have been called “Health insurance for the vehicle.”
 It allows a customer to enjoy the benefits of standard warranty with additional
advantages over additional longer period of time.

6. TVS motor mission is to become highly profitable, Social
responsible, and leading manufacturer of high value of
money, environmental friendly.

7. TVS- Driven by the customer
TVs motor will provide to the customer satisfaction by giving the customer the
right product, at the right price, at the right time.
TVS- The Industry leader
TVs motor will become among the top three wheeler manufacture in India
and among the top five wheeler manufacture in Asia.

8. TVS- The Human Factor
TVs motor believes that people make an organization and that its well-being
is dependent on the commitment and growth of its people. And provide job
satisfaction to employees.

9.  TVs motor company is trading with positive bias on the back of future
growth plan.
 The company plan to launch three new model and a new-four-stoke
moped, a new TVs victor and Apache 200 cc, in the next six month.

10. Accounting policies
The accounting policies are the specific policies and procedures that are
used by a company to prepare its financial statements. The accounting
policies include methods, measurement systems and procedures
for presenting information in financial statements.
So lets find out what are the various accounting policies which TVS have
used to make financial report of 2015-2016

11. Accounting policies followed by TVS
Hero follows various accounting policies some of them are:
Accounting convention
 The financial statements of the Company have been prepared in
accordance with the Generally Accepted Accounting Principles in
India (Indian GAAP) to comply
 Their financial statements have been prepared on accrual basis under the
historical cost convention

12. Fixed Assets
 Fixed Asset are stated at cost acquisition or construction less
accumulated depreciation if any.
Cost includes purchase price, taxes and duties, labour cost and directly
attributable overhead expenditure incurred up to the date the asset is
ready for its use.

13. Deprecation
Depreciation is charged on a pro- rata basis at the straight line method
rates prescribed in Schedule II to the Companies Act, 2013.

14. INVETORY VALUATION POLICIES(AS2)
Inventories are valued at the lower of cost and net realisable value whichever
less.
Cost of raw materials are ascertained on a moving weighted average basis.
costs are allocated to work-in-progress, stock-in-trade and finished goods.

16.  A contingency is a condition or situation the ultimate outcome of which will
be known or determined only on the occurrence or non-occurrence of uncertain
future event’s.
 Events occurring after the balance sheet date are those significant events
both favourable and unfavourable that occur between the balance sheet date
and the date on which the financial statements are approved.

18. All items of income and expense, which are recognised in a period, should be
included in determination of net profit or loss for the period unless an
accounting standard requires or permits otherwise.
All ordinary and extraordinary item relating to the financial statement should
be disclosed if it effects on profit or loss period before changing of accounting
policies.
Net profit or loss for the Prior period items (AS-5)

20. Related parties (AS-18)
Statement deals with following related party relationships:
 Enterprises that directly or indirectly control (through subsidiaries)
or are controlled by or are under common control with the reporting
enterprise.
Associates, Joint Ventures of the reporting entity; Investing party or
venture in respect of which reporting enterprise is an associate or a
joint venture.

21. Some of the relatedparties are :
Holding company
 Sundaram- Clayton limited
Subsidiaries
 TVs investment limited
 TVs electronic limited
 Prime property holding limited
 NCR Auto cars limited

22.  Strong financial position.
 The company continued to grow a head of the industry for the second yrs in
succession and in2015-2016.