Company Balance Sheet and Profit & Loss Account

by CA Kamal Garg

DIVISION 1

Accounts of Companies and Board of Directors Report

Chapter 1 Books of Account, Statutory Registers and Records	3
Chapter 2 Financial Reporting	31
Chapter 3 Approval and Adoption of Accounts	53
Chapter 4 National Financial Reporting Authority (NFRA) and Accounting Standards	70
Chapter 5 Reopening of Accounts	105
Chapter 6 Voluntary Revision of Financial Statements or Board's Report	107
Chapter 7 Sending Financial Statements to Members, etc. and Filing with ROC	112
Chapter 8 Mandatory Internal Audit	119
Chapter 9 Audit Committee	122

Division 2

Companies (Auditor's Report) Order, 2020

Chapter 10 Companies (Auditor's Report) Order, 2020 - Checklist

133

Division 3

Financial Reporting

Chapter 11 Schedule III under Companies Act, 2013 - An Analysis	177
Chapter 12 FAQs on Schedule III under Companies Act,2013	195
Chapter 13 Schedule III under Companies Act, 2013 - Practice Update	248
Chapter 14 Schedule III (2021 Amendments)	265
Chapter 15 Companies (Accounting Standards) Rules,2021	309
Chapter 16 Gist of Accounting Standards	316
Chapter 17 Fixed Assets and Intangible Assets (Property,Plant and Equipment and Intangible Assets)	373
Chapter 18 Investments	406
Chapter 19 Current Assets, Loans and Advances	414
Chapter 20 Miscellaneous Expenditure	439
Chapter 21 Share Capital	447
Chapter 22 Reserves and Surplus	471
Chapter 23 Secured Loans, Unsecured Loans and Long Term Provisions	485
Chapter 24 Current Liabilities and Provisions	507
Chapter 25 Borrowings from Banks and Financial Institutions for the Specific Purpose	531
Chapter 26 Contingent Liabilities and Dividends	532
Chapter 27 Additional Regulatory Information	540
Chapter 28 Profit and Loss Account	562
Chapter 29 Accounting Treatment for MAT Credit	609
Chapter 30 Expenditure Incurred During Construction Period	611
Chapter 31 Financial Instruments	623
Chapter 32 Accounting for Derivatives, Equity Index &Equity Stock Options	650
Chapter 33 Cash Flow Statement	664
Chapter 34 Construction Contracts	681
Chapter 35 Effects of Changes in Foreign Exchange Rates	687
Chapter 36 Borrowing Costs	696
Chapter 37 Segment Reporting	699
Chapter 38 Related Party Disclosures, Borrowings by Companies and Loans to Directors	710
Chapter 39 Lease Accounting	740
Chapter 40 Employee Benefits	744
Chapter 41 Consolidation of Accounts	756
Chapter 42 Accounting for Amalgamations	809
Chapter 43 Reporting under MSMED Act, 2006	824

DIVISION 4

Depreciation

Chapter 44 Depreciation under Companies Act, 2013	841
Chapter 45 AS 10: Property, Plant and Equipment	868
Chapter 46 Practical Illustrations on Depreciation Including Transitional Provisions as per pre-revised AS 6 and AS 10	884
Chapter 47 Practical Illustrations on Depreciation as per AS 10 (Revised)	916
Chapter 48 Schedule II of Companies Act, 2013 versus Schedule XIV of Companies Act, 1956	925

DIVISION 5

Checklists of Accounting Standards

Chapter 49 Checklists of Accounting Standards 94

947

DIVISION 6

Practice Pointers

Chapter 50 Practice Pointer Issues on Accounting Standards	1039
Chapter 51 Commonly Found Non-Compliances of Schedule III of the Companies Act, 2013	1070
Chapter 52 Specimen Financial Statements under Accounting Standards	1077
Appendix 1 Formulas to compute ratios for Schedule III	1123