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Company Balance Sheet and Profit and Loss Account

Company Balance Sheet and Profit and Loss Account

  • ₹2,595.00

  • ₹2,465.00

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  • Author(s): C.A. Kamal Garg
  • Publisher: Bharat Law House
  • Edition: 9 Ed 2022
  • ISBN 13 9789393749697
  • Approx. Pages 1120 + Contents
  • Format Paperback
  • Approx. Product Size 24 x 16 cms
  • Delivery Time Normally 7-9 working days
  • Shipping Charge Extra (see Shopping Cart)

(under Accounting Standards and Schedule III (for the F.Y. 2021-2022)
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Description
It gives me immense pleasure to present before the readers the ninth edition of the book on 'Company Balance Sheet and Profit & Loss Account under Accounting Standards & Schedule III' for the Financial Year 2021-2022. This book will serve as a ready referencer for the Corporates, Chartered Accountants and other professionals involved, directly or indirectly, in the preparation of Accounting Standards compliant annual accounts.
The unique features of this book are:
1. Schedule III of the Companies Act, 2013, laying down the format for preparation of the financial statements, has been amended. The amendments have been effected by MCA Notification No. GSR 207(E), dated 24-3-2021, w.e.f. 1-4-2021. Each and every aspect of Part I and Part II of Division I of Schedule III (as amended) to the Companies Act, 2013, has been dealt extensively in separate chapters by coordinating all its requirements with the provisions contained in Companies (Accounting Standards) Rules, 2021 effective from 1st April, 2021;
2. Gist of Accounting Standards (AS) have been included at relevant places along with the Companies (Accounting Standards) Rules, 2006 as amended;
3. The opinions of Expert Advisory Committee (EAC) of the Institute of Chartered Accountants of India (ICAI) have also been included for various relevant accounting aspects;
4. The book also contains relevant extracts from the annual reports of some of the well known Indian Corporates under Schedule III;
5. A separate chapter has been devoted for Reporting under Micro, Small and Medium Enterprises Act, 2006;
6. It also contains a chapter on CARO, 2020 - Checklist;
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Contents
DIVISION 1 : Accounts of Companies and Board of Directors Report
Chapter 1      Books of Account, Statutory Registers and Records
Chapter 2      Financial Reporting
Chapter 3      Approval and Adoption of Accounts
Chapter 4      National Financial Reporting Authority  (NFRA) and Accounting Standards
Chapter 5      Reopening of Accounts
Chapter 6      Voluntary  Revision  of Financial   Statements  or Board's Report
Chapter 7      Sending Financial Statements to Members, etc. and Filing with ROC
Chapter 8      Mandatory Internal Audit
Chapter 9      Audit Committee
DIVISION 2 : Companies (Auditor's Report) Order, 2020
Chapter 10    Companies (Auditor's Report) Order, 2020 — Checklist
DIVISION 3 : Financial Reporting
Chapter 11    Schedule III under Companies Act, 2013 — An Analysis
Chapter 12    FAQs on Schedule III under Companies Act, 2013
Chapter 13    Schedule III under Companies Act, 2013 — Practice Update
Chapter 14    Scheduled III (2021 Amendments)
Chapter 15    Companies (Accounting Standards) Rules, 2006
Chapter 16    Gist of Accounting Standards
Chapter 17    Fixed Assets
Chapter 18    Investments
Chapter 19    Current Assets, Loans and Advances
Chapter 20    Miscellaneous Expenditure
Chapter 21    Share Capital
Chapter 22    Reserves and Surplus
Chapter 23    Secured Loans, Unsecured Loans and Long Term Provisions
Chapter 24    Current Liabilities and Provisions
Chapter 25    Borrowing from Banks and Financial Institutions for the specific purpose
Chapter 26    Contingent Liabilities
Chapter 27    Profit and Loss Account
Chapter 28    Accounting Treatment for MAT Credit
Chapter 29    Expenditure Incurred During Construction Period
Chapter 30    Financial Instruments  
Chapter 31    Accounting for Derivatives, Equity Index & Equity Stock Options
Chapter 32    Cash Flow Statement
Chapter 33    Construction Contracts
Chapter 34    Effects of Changes in Foreign Exchange Rates
Chapter 35     Borrowing Costs
Chapter 36    Carbon Credits
Chapter 37    Segment Reporting
Chapter 38    Related Party Disclosures, Borrowings by Companies and Loans to Directors
Chapter 39    Lease Accounting 
Chapter 40    Employee Benefits 
Chapter 41    Consolidation of Accounts
Chapter 42    Accounting for Amalgamations
Chapter 43    Reporting under MSMED Act, 2006
DIVISION 4 : Depreciation
Chapter 44    Depreciation under Companies Act, 2013   
Chapter 45    Accounting Standard 10 (Revised): Property, Plant and Equipment
Chapter 46    Practical Illustrations on Depreciation Including Transitional Provisions
Chapter 47    Practical Illustrations on Depreciation as per AS 10 (Revised)
Chapter 48    Comparison of Schedule II (CA, 2013) with Schedule XIV (CA, 1956)
DIVISION 5 : Checklists of Accounting Standards
Chapter 49    Checklists of Accounting Standards   
DIVISION 7 : Practice Pointers and Specimen Financial Statements
Chapter 50    Practice Pointer Issues on Accounting Standards
Chapter 51    Commonly found Non-compliances scheduled III of the companies Act, 2013
Chapter 24    Specimen Financial Statements under Accounting Standards.
Appendix 1    Formulas to compute ratios for Scheduled III
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Author Details
CA. Kamal Garg
[B. Com (H), FCA, DISA (ICAI)] is a Fellow Member of The Institute of Chartered Accountants of India (ICAI) and a First Class Commerce Baccalaureate from Deen Dayal Upadhyaya College, University of Delhi and a consulting academician in KGMA, Delhi. He was also the member of Board of Studies (BOS) Study Material Research Group (2009-2010) of NIRC of ICAI and a special invitee member of Accounting Standards Board (ASB) (2012-2013) and Ind AS (IFRS) Implementation Committee (2014-2015) of ICAI. He is also the faculty member of Ethical Standards Board (ESB) of ICAI and had an opportunity to act as a speaker in the very 1st Live Webcast held by ESB of ICAI in March 2013. He is also a key resource person for development and review of various study contents and webcasts for BOS of ICAI, such as study material and practice manual on Advanced Auditing for CA Final, Lectures forCA IPCC and CA Final studies, etc. Besides being a regular guest speaker for IFRS and Management Development Programmes at IBC & PKG, Mumbai, ICAI, ICSI, Direct Taxes Regional Training Institute (North-West Region) for Income Tax Inspectors training programme, he is also an author of over dozens of books including 'Guide to Tax Audit u/s 44AB', 'Foreign Direct Investments in India', 'IFRS and Ind-AS Concepts and Applications', 'Accounting Standards and IFRS', 'Auditors' Practice Manual', 'Handbook on Company's Balance Sheet and Profit & Loss
Account under Revised Schedule VI and XBRL', 'Handbook on Internal Auditing', 'Consolidated Financial Statements', 'Interim Financial Reporting', 'Guide to International Taxation', 'Understanding Goods and Service Tax (GST)', 'Professional Approach to Advanced Auditing' for CA (Final) studies and 'Systematic Approach to Auditing' for CA IPCC studies published by Bharat Law House Private Limited.
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