I have heard that recently the format of Schedule VI has been changed....Is this true??? If yes,then how much it would impact in the exams of 2011 and onwards(IPCC & Final)????? Please let me know if anyone has a clear idea about this matter.....
Abhirup Dey (student) (139 Points)
06 May 2011I have heard that recently the format of Schedule VI has been changed....Is this true??? If yes,then how much it would impact in the exams of 2011 and onwards(IPCC & Final)????? Please let me know if anyone has a clear idea about this matter.....
Anupam
(NA)
(148 Points)
Replied 06 May 2011
Revised Schedule VI
The Ministry of Corporate Affairs (MCA) has revised Schedule VI pertaining to the preparation of Balance Sheet and Profit and Loss Account under Companies Act to harmonize and synchronize the general disclosure requirements of Schedule VI with respect to Accounting Standards, International Financial Reporting Standards and keeping in view the existing economic and regulatory environment. The Revised Schedule VI shall come into force for the Balance Sheet and Profit and Loss Account to be prepared for the financial year commencing on or after 1.4.2011 and is applicable for Nov. 2011 Examination. Text of the revised Schedule VI can be accessed at www.mca.gov.in.
This is extracted from the link: https://220.227.161.86/22772list_pubnov2011.pdf
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