Sachin's Post

🚨 Beware of the “choti accounting habit” that sunk Byju’s Titanic! 🚢 💸 Byju, once listed among unicorn companies, rose to prominence by manipulating revenue figures, presenting all earnings upfront rather than when they were actually earned. This led to exponential growth on paper but ultimately sank the ship as expenses outweighed revenues in subsequent years. Remember, in accounting, revenue should be recorded in the year it’s earned, not when it’s received. 📈💰 Additionally, Byju ignored the accrual principle, which states that revenue and expenses should be recognized when they are incurred, not necessarily when cash changes hands. Ignoring this principle led to a distorted financial picture and contributed to their downfall. Don’t fall victim to shortcuts in accounting, especially if you’re in the startup or personal growth space. Learn from Byju’s mistakes and prioritize financial integrity. #byjus #accountingtips #financialindependence #byjusscam #learnfrommistakes #dreamwithsachin #accountingtips #investorlife #vcfund

• #investorlife
• #accountingtips
• #byjus
• #byjusscam
• #dreamwithsachin
• #financialindependence
• #vcfund
• #learnfrommistakes

• 84 5
• 4.7K Followers
• 60 Posts
• 107 Average Likes
• 2.37% Eng. Rate

This post was published on 15th February, 2024 by Sachin on his Instagram handle "@dreamwithsachin (Sachin Yadav)". Sachin has total 4.7K followers on Instagram and has a total of 60 post.This post has received 84 Likes which are lower than the average likes that Sachin gets. Sachin receives an average engagement rate of 2.37% per post on Instagram. This post has received 5 comments which are than the average comments that Sachin gets. Overall the engagement rate for this post was lower than the average for the profile. #investorlife #accountingtips #byjus #byjusscam #dreamwithsachin #financialindependence #vcfund #learnfrommistakes has been used frequently in this Post.