https://www.taxtmi.com/acts?id=40990 Disclosure of Accounting Policies requires disclosure of all significant accounting policies within the financial statements, preferably presented together, covering areas such as depreciation methods, inventory valuation, foreign currency translation, valuation of investments and assets, treatment of goodwill, retirement benefits, long term contracts and contingent liabilities. Policy selection must aim to present a true and fair view and be governed by prudence, substance over form and materiality. Fundamental assumptions-Going Concern, Consistency and Accrual-need not be stated if followed, but departures and material changes in policies must be disclosed with their effects where ascertainable. en-us Sat, 05 Nov 2022 11:02:41 +0530 Mon, 29 Dec 2025 11:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40990 Disclosure of Accounting Policies requires disclosure of all significant accounting policies within the financial statements, preferably presented together, covering areas such as depreciation methods, inventory valuation, foreign currency translation, valuation of investments and assets, treatment of goodwill, retirement benefits, long term contracts and contingent liabilities. Policy selection must aim to present a true and fair view and be governed by prudence, substance over form and materiality. Fundamental assumptions-Going Concern, Consistency and Accrual-need not be stated if followed, but departures and material changes in policies must be disclosed with their effects where ascertainable. Act-Rules Companies Law Sat, 05 Nov 2022 11:02:41 +0530 https://www.taxtmi.com/acts?id=40990