https://www.taxtmi.com/acts?id=14678 The Standard requires separate disclosure of profit or loss from ordinary activities and extraordinary items on the face of the statement of profit and loss, with the nature and amount of each extraordinary item shown to indicate its impact. Prior period items arising from prior-period errors must be disclosed separately and presented so their effect on current profit or loss is clear. Changes in accounting estimates are recognised in the period of change and future periods as applicable, while changes in accounting policies are permitted only for compliance or improved presentation and require material disclosure and appropriate transitional treatment. en-us Sat, 04 Jun 2011 11:12:26 +0530 Mon, 18 Apr 2016 14:37:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=14678 The Standard requires separate disclosure of profit or loss from ordinary activities and extraordinary items on the face of the statement of profit and loss, with the nature and amount of each extraordinary item shown to indicate its impact. Prior period items arising from prior-period errors must be disclosed separately and presented so their effect on current profit or loss is clear. Changes in accounting estimates are recognised in the period of change and future periods as applicable, while changes in accounting policies are permitted only for compliance or improved presentation and require material disclosure and appropriate transitional treatment. Act-Rules Companies Law Sat, 04 Jun 2011 11:12:26 +0530 https://www.taxtmi.com/acts?id=14678