Schedule– 10 Significant accounting policies i. Company英文资料.pdfVIP

Wipro France S.A.S. Schedule– 10 Significant accounting policies i. Company overview Wipro France S.A.S. (“the Company”) is a subsidiary of Wipro Porugal S.A. The Company is engaged in the development, project and programme management of IT systems and business process improvement for retailers. ii. Basis of preparation of financial statements The accompanying financial statements are prepared in accordance with Generally Accepted Accounting Principles in India (GAAP) and presented under historical cost convention on accrual basis of accounting, and comply with accounting standards notified by the Central Government of India under section 211(3C) of the Companies Act, 1956, other pronouncements of the Institute of Chartered Accountants of India (ICAI) and the provisions of the Companies Act, 1956. iii. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles (GAAP) in India requires management to make estimates and assumptions that affect the reported amounts of assets and liabil ities, the disclosure of contingent assets and liabilities on the date of the financial statements and reported amounts of revenues and expenses during the period reported. Actual results could differ from those estimates. Any revision in accounting estimates is recognized prospectively in current and future periods. iv. Revenue recognition Revenue from software development services includes revenue from time and material and fixed price contracts. Revenue from time and material contracts are recognized as re lated