[IICA Independent Director] 19, Profit, Revenue and Accounting Estimates

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - How accrual accounting separates revenue recognition timing from cash collections. - How to walk from gross revenue down to EBITDA, EBIT, and profit after tax. - How management estimates in depreciation and provisions impact earnings quality. - How to distinguish sustainable core operating performance from one-off non-operating gains. - Key regulatory differences between Companies Act financial reporting and SEBI LODR requirements. This independent educational episode helps candidates prepare for the IICA Online Proficiency Self-Assessment Test. Explore additional resources at https://open-exam-prep.com/practice/in-iica-independent-director and watch video guides at https://www.youtube.com/@Open-exam-prep . Sources checked: September 28, 2026 https://www.independentdirectorsdatabank.in/ https://www.mca.gov.in/ https://www.sebi.gov.in/legal/regulations.html