Preparing Financial Statements under Schedule III


By Ambalika Singh



Preparing Financial Statements under Schedule III: Ind AS and Indian GAAP is a book that is useful to all kinds of readers, ranging from auditors, managements, accountants, students to accountancy academia. The book expects the readers to have basic practical experience in accounting and preparation of financial statements. It would strengthen their knowledge about the key concepts under Indian GAAP and Ind AS relating to recognition, measurement and disclosure of the elements of the financial statements. The book brings to light the changes in the Indian accounting landscape and also includes exposure drafts which show the way forward. It also includes illustrative disclosures of Fortune 500 companies which will help the readers appreciate good financial reporting. In a nutshell, this book is an enabler for someone who wants to practically apply Indian GAAP or Ind AS and produce high quality financial statements.

Key Features :-

  • Understand ASB’s Framework of Preparation and Presentation of Financial Statements.
  • Develop insight into the interplay between the Conceptual Framework, Schedule III and the Accounting Standards.
  • Learn the foundations of Ind AS compliant financial statements.
  • Preparation and presentation of financial statements under Indian GAAP and Ind AS.
  • Illustrative disclosures of Fortune 500 companies included.
  • Exposure Draft on Guidance note on Division II of Schedule III included.
  • Exposure Draft on Schedule III for NBFCs included alongwith highlights of differences.
  • All relevant Exposure Drafts on Ind ASs included till date.
  • ITFGs included.
  • Includes FAQs issued by Accounting Standards Board.