ICAI Educational Material on Indian Accounting Standard (Ind AS) 110, Consolidated Financial Statements
ICAI has released Educational Material on Indian Accounting Standard (Ind AS) 110, Consolidated Financial Statements
Ind AS 110 establishes principles for the presentation and preparation of consolidated financial statements when an entity controls one or more other entities. The standard defines the principles of control and how to apply the same and explains the accounting requirements for preparing consolidated financial statements.
As per the announcement of ICAI, the Educational Material on Ind AS 110, Consolidated Financial Statements addresses all relevant aspects envisaged in the Standard by way of brief summary of the Standard and Frequently Asked Questions (FAQs) which are being/expected to be encountered while implementing the Standard.