Schedule iii amendment - urgent

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465 Points Posted on 29 September 2014

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

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On 29 September 2014 at 21:20 Report
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CA Final
732 Points Posted on 29 September 2014

Answers will be according to Scheddule III

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On 29 September 2014 at 22:51
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465 Points Posted on 29 September 2014
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 )
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On 29 September 2014 at 23:34
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465 Points Posted on 29 September 2014
I meant for an associate problem normal presentation like in d previous years I.e. investment and in bracket goodwill...
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On 29 September 2014 at 23:36

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