Guide to New Schedule VI is a comprehensive guide book on the preparation and presentation of financial statements in the revised format which resembles broadly to IFRSs. Illustrative discussion on critical issues like current non-current classification of assets and liabilities, cash and cash equivalents, exceptional and extraordinary items, segregation of discontinuing operations and disclosures under Revised Schedule VI are the special features of the book. It also covers contemporary issues like XBRL Rules, condorsement of IFRSs in the US, management commentary, and IFRSs updates.
HIGHLIGHTS
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Revised Schedule VI
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Determination of operating cycle
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Notes to equity share capital, reserves and surplus, and share application money pending allotment
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Non-current classification of inventories, trade receivables, and trade payables
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Capital advance
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Breach of the terms of borrowing agreement and classification issues
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Disclosure of default
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Segregation of discontinuing operations
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Disclosures of contingencies and commitments
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Deferred grant
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Deferred foreign currency loss
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Cash and cash equivalents
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Notes to accounts under Revised Schedule VI
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Construction work-in-progress
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Retention money
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Management Commentary
Video Lectures on Schedule VI on DVD
