Financial statements, Schedule III, grouping and disclosures.
Accounting related parties and transfer pricing associated enterprises are not interchangeable lists. Build separate assessments and then reconcile their overlap.
By Team assureOfficeProfit is not the same as cash generated. Follow a fully reconciled example showing how operating adjustments, investments and financing explain the movement in cash.
By Team assureOfficeRatios should be supported by transparent calculations rather than copied from a dashboard. Learn how to document inputs, maintain consistency and explain material changes.
By Team assureOfficeA receivables ageing note needs more than a list of customer closing balances. Build invoice-level data, identify the ageing date and reconcile the result with the financial statements.
By Team assureOfficeLedger names do not decide current or non-current classification. Use contractual terms, the operating cycle and the balance-sheet date to build a defensible classification working.
By Team assureOfficeA balanced trial balance is only the starting point. Learn how to locate differences between books, detailed workings and final financial statements without inserting an unsupported balancing figure.
By Team assureOfficeA head-by-head Division I guide covering the complete Balance Sheet and P&L hierarchy, note classifications, additional disclosures and reconciled examples. Includes a year-end checklist and key amendment checks for AS-based company reporting.
By Team assureOfficeFor FY 2025-26 tax audits, companies follow Schedule III where applicable, while non-corporate entities may fall under ICAI's phased Guidance Note. This guide separates the frameworks.
By Team assureOfficeICAI has made its Schedule III-style Guidance Note format mandatory for non-corporate entities in phases from FY 2025-26. Who it applies to, how the Balance Sheet and P&L change, the MSME vs Large classification for Accounting Standards, and what it means at the tax audit stage.
By Team assureOfficePhase II of the ICAI Guidance Note on Financial Statements of Non-Corporate Entities is now in effect for accounting periods from 1 April 2026, covering every proprietorship, partnership, HUF, trust and society regardless of turnover.
By Team assureOfficeA practical step-by-step approach for Chartered Accountants converting years of traditional Excel-format client financials into the ICAI Guidance Note / Schedule-III-style presentation.
By Team assureOfficeHow the ICAI Guidance Note format changes a partnership firm's capital account, profit-sharing and Notes to Accounts presentation compared to the traditional layout.
By Team assureOffice