- For companies covered in the first phase of the roadmap following are the alarming dates:
(a)
Transition date (1 Aprril 2015) -
Companies have to prepare Opening balance sheet as per Ind AS.
(b)
Reporting Date (31 Mar 2017) -
Full fledged Ind AS financials with comparative needs to be prepared.
- Companies have to continue reporting their financials as per existing AS for the year ending March 31,2016.
- Such companies needs to compile their financials as per Ind AS also for year ending March 31, 2016 being comparative period for March 31, 2017
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