Thursday, June 23, 2016

Financials Statements required by Companies falling under phase 1

  • Opening Ind AS Balance sheet as at 1 April 2015.
  • Equity reconciliation between Ind AS and Indian GAAP on 1 April 2015 & 31 March 2016.
  • Income Reconciliation between Ind AS and Indian GAAP for the year ending 31 March 2016.
  • Ind AS financial statements as at and for the year ending 31 March 2016 for comparative.
  • Ind AS financial statements as at and for year ending 31 March 2017.

  Ind AS financial statements includes following deliverables:
  • Balance Sheet
  • Statement of profit and loss
  • Statement of changes in equity
  • Statement of cash flows
  • Notes including significant accounting policies and other     explanatory information to the accounts.

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