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Fr ( financial reporting) may 2017

Final 349 views 2 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 ammendment 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 Statements 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 (2)

manoj

student

5205 Points Joined February 2009

go for latest pm

rajatsharma

article assistant

75 Points Joined August 2011

for may 2017 exam

ex.1 both the companies have proposed div h ltd 10% & s ltd 20 % but no effect has yet been given in the above b/s

notes to accounts

proposed div

h ltd

for minority s/hs

just do that.

however as per icai pm , all proposed div declared on 31.03.xxxx. b/s date so old treatment apply. if prop div is declared after b/s date then do just as i explain in example.