Changes in financial reporting due to companies act 2013

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Hello,

 

What are the Changes that have been made in Financial Reporting Syllabus due to New Comapnies Act 2013?

 

Do i Have to Purchase a New Book for this, for CA Final Nov14 Exams?

 

Thanks..smiley

Replies (1)

I dont think there exists any major ammendment on Financial Reporting for Nov.2014 attempt.

What i know till date is

1). NACAS is replaced by NFRA (National Finance Reporting Authority).

2). Revised Schedule VI is replaced by Schedule III of Companies Act 2013. But no need to worry because there is no change in format.

 

Note: There may exists other changes in Financial Reporting due to Companies Act 2013 which may be unknown to me.

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