Business Case Studies, Finance, Accounting and Control Case Study, Berkshire Hathaway Inc,Warren Buffet's Investment Philosophy

Code : FAC0064

Year : 2022

Industry : Financial Services

Region : Asia

Teaching Note:Available

Structured Assignment : Not Available

Introduction: Ravi Kumar (Ravi), an engineer from London, UK, returned to India on May 1, 2019. He decided to complete his Master’s in Business Administration from a leading business school in India before joining the corporate world. He successfully cracked the CAT examination on the first attempt with a good percentile and got the opportunity to complete his Master’s degree in Finance from a prestigious business school located in Mumbai, Maharashtra, a western state in India..

A Note of RKL And Its New Plan: RKL was established in the year 2000 as a private limited company by Ankush Kumar, Akshi Singh, and Muskan Jindal. In the year 2013, it was converted into a public limited company and a certificate of incorporation was issued on July 1, 2013, by the Registrar of the companies. RKL’s core business was manufacturing of industrial equipment..

Ravi’s New Task : Ravi was appointed at RKL’s head office located in Mumbai. His job responsibility was to assist Lokesh, Senior Manager (Finance), in cash management, financial planning, and related activities..

Exhibits:

Exhibit I (a): RKL’s Balance Sheets
Exhibit II (b): RKL’s Profit and Loss Statement for the Year Ended 31st March, 2022