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Fr ammendments for ca final may 2017 - urgent

AS 521 views 5 replies

Subhendu S Sanyal

B.Com(C.S.) CA FINAL

666 Points Joined February 2009

Dear All,

As you may be aware MCA on 30.3.2016 has amended inter-alia AS-4 with regard to Proposed Dividend...Now it has to be disclosed only in Notes..I also know that that the above amendment is applicable for MAY 2017 CA FINAL Exam..I have 2 questions...

1.Will the above ammendment have an impact on the Chapter Consolidation of Financial Statement s with regard to the treatment of Proposed Dividend in the question?

2. If the answer to above question is yes, then will I have to have to buy a new FR book for May 17 exam....I had already purchased a new book for NOVEMBER 2016 Exam...

Please clarify..

Thanks in advance..

Replies (5)

manoj

student

5205 Points Joined February 2009

Go for latest PM

CA VISHAL GUPTA

none

225 Points Joined August 2012

go to youtube and type ps beniwal classes you would find a 5 min clarificatory video on impact of AS-4 on consolidation

ankita gandhi

student

5908 Points Joined January 2016

Wait for RTP or go to latest PM

Aishwarya

Chartered Accountant

95 Points Joined August 2011

1.Yes
2.No you don't need to purchase a new book.In the latest Study material and PM,they have replaced proposed dividend with dividend declared and you will not find the new treatment anywhere.Just understand its impact and if asked replace it.