Question ID :
44499
Sequence of Financial Statements
Is there any basis for presenting the Financial Statements in the Sequence wherein Balance Sheet, then P & L , then cash flow and later on the other disclosures (RPT etc.). As one of our client wants to disclose the notes to account like RPT, Ratios, CSR with the accounting policy.
Posted by
PREYA LUNAWAT
on
Jun 03, 2023
Filed Under
Companies Act, 2013
Notes to accounts are part of financial statements. Hence it should be presented separately from accounting policies.
Posted by
CA. chunauti dholakia on
Jun 06, 2023
Answer ID :
85075
Sequence is BS, P&L, CFS and Notes ( per Companies Act,2013). Notes shall contain Accounting Standards, Accounting Policies ,as applicable to the auditee, and Regulatory information as notified in Schedule III on 24-03-2021 by MCA.
Posted by
B.CHACKRAPANI WARRIER on
Jun 07, 2023