Financial Reporting under Ind AS and AS – Covering Schedule III, ICDS and ICAI Guidance Notes (Second Edition) April 2019 by B.D. Chatterjee.

Financial Reporting under Ind AS and AS – Covering Schedule III, ICDS and ICAI Guidance Notes (Second Edition) April 2019 by B.D. Chatterjee.

About the book

The regulatory environment in India is governed by various statutory authorities. In today’s parlance corporate enterprises have to comply with provisions of Companies Act, 2013, Accounting Standards (AS), Indian Accounting Standards (Ind AS), ICAI pronouncements and Income Computation and Disclosure Standards (ICDS). Also to meet the challenges of ever changing business environment, notifications related to amendments to each of these constituents keep coming up from time to time. Accordingly, the level of financial reporting over the last few years has gone through a metamorphosis of change and ushered in a whole new level of complexity.
With a view to address this, the present book with all the latest updates aims to provide entire gamut of statutory laws, Accounting Standards and Guidance Notes of ICAI, applicable to corporates at one place while presenting financial statements. The book also incorporates inter linkages, comparisons, illustrations, diagrams, flow charts and summaries in a lucid and user friendly manner. The book would be immensely useful for professionals dealing with financial reporting.
Key Highlights • Topic wise detailed comparison between provisions of Schedule III Division I (for AS) and Division II (for Ind AS) to Companies Act, 2013. • Incorporation of the recent amendment related to Schedule III covering Division III for Non Banking Finance Companies. • Incorporation of latest amendments related to Ind ASs as notified by Ministry of Corpor ate Affairs. • Coverage of comparative summary between provisions of AS, Ind AS & ICDS. • Coverage of comparative summary between AS, Ind AS, IFRS and US GAAP. • Coverage of amendments brought through Companies (Indian Accounting Standards) Second Amendment Rules, 2019. • Inclusion of illustrations dealing with various financial issues under each topic. • Detailed coverage of: – AS from AS 1 to AS 29 as notified.
– Ind AS from Ind AS 1 to Ind AS 41 and Ind AS 101 to Ind AS 116 notified by the MCA. – ICDS promulgated by CBDT – Guidance Notes issued by ICAI • Reader friendly presentation of topics through the use of diagrams, charts, summaries and examples.

About the author

B.D. Chatterjee, B.Com (Hons), ACA, ACMA, ACS, Dip IFR (ACCA – UK) B D Chatterjee is a finance leader with CA, CMA, CS and Dip IFR (UK) qualifications having 35 years of rich experience in overall business and finance function.
He possesses expertise in CFO solutions having specialization in areas which include commercial accounting and audit, management accounting and MIS, developing budget and business plan and implementing budgetary control, business strategy and structuring and business valuation, financial management and debt syndication through banks and financial institutions.
He has rich experience in Mergers & Acquisitions including financial due diligence and handling negotiations between investors and target companies, managing implementation of many ERP projects in SAP and Navision, including change management and re-engineering of business processes. He specialises in SAP implemention audit across all modules.
Before launching into consulting assignments, he has handled many high profile leadership positions like CFO/VP/Director Finance assignments in global MNCs (BOC Gases, DuPont, Kelly Services) and large Indian conglomerates (Mother Dairy group, Max India) and possesses years of experience in industries like industrial gases, engineering polymers, agro chemicals, FMCG and dairy products, health care and manpower services among others. Currently he is associated with an International Think Tank operating in United States, Western Europe, Middle East and in Asia Pacific countries as its global CFO.
Apart from his consulting assignments, he teaches IFRS to professional students across reputed Transnationals and has authored books on Corporate Governance and Control, Risk Management, International Financial Reporting Standards (IFRSs), Indian Accounting Standards (Ind ASs) and Business Valuation to name a few.

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