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Schedule iii amendment - urgent

Others 513 views 3 replies

Hi all,

As we al know there is a change wrt Rev Schedule VI. Now that Rev Sch VI is no more applicable and in its place comes Sch III.

My query is will our presentation of answers of 16 Marks questions in Financial Reporting concerning chapters Holding, Subsidiary,JV and Associates change or will our answers be same as before we used to do. 

Awaiting your replies.

Mohit

Replies (3)

Answers will be according to Scheddule III

True. But what about say there is a question on Holding subsidiary and associate. Do we have to do proportional consolidation for associate too or will it be like previously how we used to do i.e no need to consolidate assets of associates n show investment )
I meant for an associate problem normal presentation like in d previous years I.e. investment and in bracket goodwill...


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