Illustrated Guidet to Revised Schedule VI

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, manage-ment commentary, and IFRSs updates. Highlights Revised Schedule VI Determination of operating cycle Contingent liabilities and commitments Extra-ordinary and exceptional items Other operating revenue and other income Presentation of financial statements as per the Revised Schedule VI Notes to accounts as per the Revised Schedule VI Corporate Accounting Practices 2011-12 Disclosures Checklist as per Accounting Standards XBRL Awareness Developments in IFRS Convergence Management Commentary Comparison of the Revised Schedule VI presentation with IFRS presentation Management Commentary Accounting and audit issues in the Companies Bill 2012 Text of the Revised Schedule VI to the Companies Act, 1956 Commentary on the ICAI Guidance Note and FAQs relating to the Revised Schedule VI to the Companies Act, 1956