Balance sheet format, terminology, and accounting methods Exhibit 3.4 presents the balance sheet prepared by Infosys Technologies Limited (Infosys. the Indian information technology firm, for the years ended March 31, 2008 and March 31, 2007. Infosys applies accounting standards issued by the Institute of Chartered Accountants of India and reports its results in millions of rupees (Rs. Crore).

a. Prepare a balance sheet for Infosys on March 31, 2008, and March 31, 2007, following the format and terminology commonly used by firms that apply U.S. GAAP

b. Prepare a balance sheet for Infosys on March 31, 2008, and March 31, 2007, following the format and terminology commonly used by firms that applyIFRS.

Infosys Technologies Limited Balance Sheet For Years Ended March 31, 2008 and 2007 (Problem 30) EXHIBIT 3.4 2008 2007 SOURCES OF FUNDS SHAREHOLDERS FUNDS Shate capital Reserves and surplus 286 286 13,204 10,876 13.490 11.162 APPLICATION OF FUNDS FIXED ASSETS 4,508 Original cust Lar. Acrumulated depreciation 3,889 1.739 2150 957 3.107 1,837 2,671 1,260 3.931 Net book value Adt: Capital work-in-progress INVESTMENTS 839 DEFERRED TAX ASSETS CURRENT ASSETS, LOANS AND ADVANCES 99 79 Sundry debtors Cash and hank balances 3,093 6,429 2,292 5.470 2.705 12.227 Laans and advanoes 1.199 8.961 LESS CURRENT LIARILITIES AND PROVISIONS 1,483 LI62 Cament liabilities Provisions 2,248 8,496 662 7.137 11,162 NET CURRENT ASSETS 13,490