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Company Balance Sheet and Profit & Loss Account under Accounting Standards & Schedule III (8th Edition)

by Kamal Garg
Categories: Audit & Accounting
Publisher: Bharat Law House Pvt Ltd
About Book:

Company Balance Sheet
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 1022(E), dated 11th October, 2018, published in the Official Gazette and effective from the date of the notification. 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, 2006 (as amended) and Companies (Amendment) Act, 2017;
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, 2016 as a ready reckoner with specimen reporting under its significant clauses;
7.    The present book also enlists and discusses certain significant practice pointer issues on Accounting Standards that may be encountered during the preparation and presentation of financial statements
8.    The book also contains “Specimen Financial Statements under AS and Schedule III” for ease of reference.
9.    The book also contains a separate division to discuss the issues arising on financial reporting due to Covid-19 impact on the economy

Author: Kamal Garg
About Author:
Kamal Garg :

CA. Kamal Garg 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 an academic resource partner in KGMA, Delhi. He has also qualified post qualification course on Diploma in Information System Audit (DISA) conducted by ICAI. Besides this he is also an Insolvency Professional registered with Insolvency and Bankruptcy Board of India (IBBI). 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 2020-2021] and Ind- AS (IFRS) Implementation Committee [2014-2015] of ICAI. He was also nominated as a special invitee member to the Committee on Banking, Insurance and Pension (2014-2015) of NIRC of ICAI. He is also the faculty resource of Ethical Standards Board (ESB) and Peer Review Board (PRB) of ICAI. 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, eLectures for CA IPCC and CA Final studies, etc.
Besides being a regular guest speaker for IFRS and Management Development Programmes at various forums including ICAI and ICSI, he is also an author of over dozens of book(s) and commentaries on company and commercial laws including Ind AS. He possesses a rich industry experience in the areas of Corporate Laws (like Companies Act, FEMA, Taxation, Foreign Collaborations, Joint Ventures, etc.), Audits and Management Consultancy.

About Publisher:

Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.  

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Categories: Audit & Accounting
Publisher: Bharat Law House Pvt Ltd
About Book:

Company Balance Sheet
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 1022(E), dated 11th October, 2018, published in the Official Gazette and effective from the date of the notification. 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, 2006 (as amended) and Companies (Amendment) Act, 2017;
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, 2016 as a ready reckoner with specimen reporting under its significant clauses;
7.    The present book also enlists and discusses certain significant practice pointer issues on Accounting Standards that may be encountered during the preparation and presentation of financial statements
8.    The book also contains “Specimen Financial Statements under AS and Schedule III” for ease of reference.
9.    The book also contains a separate division to discuss the issues arising on financial reporting due to Covid-19 impact on the economy

Author: Kamal Garg
About Author:
Kamal Garg :

CA. Kamal Garg 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 an academic resource partner in KGMA, Delhi. He has also qualified post qualification course on Diploma in Information System Audit (DISA) conducted by ICAI. Besides this he is also an Insolvency Professional registered with Insolvency and Bankruptcy Board of India (IBBI). 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 2020-2021] and Ind- AS (IFRS) Implementation Committee [2014-2015] of ICAI. He was also nominated as a special invitee member to the Committee on Banking, Insurance and Pension (2014-2015) of NIRC of ICAI. He is also the faculty resource of Ethical Standards Board (ESB) and Peer Review Board (PRB) of ICAI. 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, eLectures for CA IPCC and CA Final studies, etc.
Besides being a regular guest speaker for IFRS and Management Development Programmes at various forums including ICAI and ICSI, he is also an author of over dozens of book(s) and commentaries on company and commercial laws including Ind AS. He possesses a rich industry experience in the areas of Corporate Laws (like Companies Act, FEMA, Taxation, Foreign Collaborations, Joint Ventures, etc.), Audits and Management Consultancy.

About Publisher:

Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.  

Similar Books

Ratings and Reviews

Overall Rating
Review
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