Can any 1 pls tell me Whether we need to prepare financial statements as per revised schedule vi format? Wkether the same format applies to Non-corporate a/cs or can we prepare old format? Can any 1 suggest me what r the chapters that r affected by schedule-vi in grp-2 A/cs? I have to write my Ipcc group 2 in nov 12......Pls Reply to my Query.......Thanks in Advance............
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Revised schedule-vi???????????????
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Yes you have to prpare B/s and P/L for coroporate entities(companies) as per revised schedule VI, in the exams.Chapters affected-Preparation of Financial Statements of Companies (excluding Insurance, Banking and Electricity),Amalgamation , Absorption and Reconstruction.
I suggest you to go through the book of MP Vijay kumar to understand the method of preparing F/S as per revised schedule in the relevant topics(Amalgamation etc.).
Thank u so much Saurabh...............Is MP vijay kumar book available in Market?
Yes it is available ......infact mostly sold books for IPCC Accounts and Final FR.
Is it applicable for Branch Accounts?
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