https://www.taxtmi.com/notifications?id=118993 Amendments create Division II in Schedule III to require companies subject to Indian Accounting Standards (Ind AS) to prepare financial statements under a prescribed presentation and minimum disclosure framework, with Notes providing narrative, disaggregated information and cross references. The Schedule prescribes formats for Balance Sheet, Statement of Changes in Equity and Statement of Profit and Loss, requires comparatives and rounding conventions, sets materiality and classification rules for current/non current items, and mandates detailed disclosures for assets, liabilities, equity, income and expense items. Consolidated financial statements follow these requirements with additional group level disclosures. en-us Wed, 06 Apr 2016 00:00:00 +0530 Thu, 07 Apr 2016 13:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=118993 Amendments create Division II in Schedule III to require companies subject to Indian Accounting Standards (Ind AS) to prepare financial statements under a prescribed presentation and minimum disclosure framework, with Notes providing narrative, disaggregated information and cross references. The Schedule prescribes formats for Balance Sheet, Statement of Changes in Equity and Statement of Profit and Loss, requires comparatives and rounding conventions, sets materiality and classification rules for current/non current items, and mandates detailed disclosures for assets, liabilities, equity, income and expense items. Consolidated financial statements follow these requirements with additional group level disclosures. Notifications Companies Law Wed, 06 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=118993