Illustrated Guide to Revised Schedule VI

Guide to New Schedule VI is a comprehensive guide book on the preparation and presentation of financial statements in the revised format which resembles broadly to IFRSs. Illustrative discussion on critical issues like current non-current classification of assets and liabilities, cash and cash equivalents, exceptional and extraordinary items, segregation of discontinuing operations and disclosures under Revised Schedule VI are the special features of the book. It also covers contemporary issues like XBRL Rules, condorsement of IFRSs in the US, management commentary, and IFRSs updates.HighlightsRevised Schedule VI Conversion of Existing Schedule VI based balance sheet and profit and loss account in the new format Cash and cash equivalents and restricted cashClassification of non-current inventoriesSegregation of discontinuing operationsDisclosures of contingencies and commitmentsNotes to accounts under Revised Schedule VIManagement CommentaryIFRS UpdatesIFRSs 1-13IAS 19 (Revised), IAS 27 (Revised), IAS 28 (Revised) IFRIC 2 Stripping Costs in the Production Phase of a Surface Mine