Friends,
We are casting financials of FY 2011-12 as per Revised Scedule VI. Ours is an unlisted company. whether we are required to prepare the Cash Flow statement as per the Revised Schedule VI.
If yes, what format has to be adopted for preparing the CFS as revised Sc VI seems to have not prescribed any format.
Pl Clarify at the earliest......
Thanks & Rgds
Bharadwaj R.S.
Hi Sankar,
Please note that even under earlier (old) schedule VI Cash flow format was NOT prescribed.
I believe one has to follow format given under AS 3 which deals with Cash flow Statement.
Others view on this matter are welcome.
Regards,
Anil.
Dear Anil, Thanks for the feedback.
Frm format point of view by query is addressed.
So far as applicability is concerned -
> Do u mean that unlisted companies are also required to present Cash flow as a part of Financials.
> Whether Revised Schedule VI is exempting unlisted companies from presenting Cash Flow statement as a part of annual accounts.
Pl clarify
Rgds//Bharadwaj RS
Dear Sankar,
If your company T/O is above 50Cr. then you have to prepare CFS as per revised schedule VI.As regarding format,You can follow the same format as prescribed under Accounting Standard 3.
Regards,
Ankit Dalal
M.No 9029359886
thanks Anil. ours is a level 1 enterprise from the borrowings point of view.So AS-3 is applicable.
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