Accounting Standard


This query is : Resolved 

05 September 2009 when compliance of AS 21 is mandatory

05 September 2009 AS deals with preparation of consolidated financial statement. As per companies Act when final accounts are prepared and the company has any subsidiaries, certain details regarding the subsidiary shall also to be given. But preparation of consolidated BS,P&L Cash Flows are not required.
but as per listing agreement and if the company wishes to prepare CFS of BS P&L the company shall comply with AS21


05 September 2009 Agree with Arun

05 September 2009 Agree with expert


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