14 October 2014
Respected Sir, I here by wants to know what are the changes in Schedule III? What make the Schedule III different from Revise Schedule VI? I want the latest format according to which the question is answered in CA Final Attempt November with respect to reporting of financial statments?
14 October 2014
Except for addition of general instructions for preparation of Consolidated Financial Statements (CFS), the format of financial statements given in the Companies Act, 2013 is the same as the revised Schedule VI notified under the Companies Act, 1956.
For CA Final Nov 2014 exams Schedule III is applicable.