Disclosures of Change in Accounting Policies in FS - Ind AS - Indian Accounting Standards - Companies Law

Disclosures of Change in Accounting Policies in FS When change in Accounting Policies has effect on Current Period, Previous Period and Future Period. Entity shall disclose When change is required by specific Ind AS- Title of Ind As Transitional Provision (if any)] Nature of Change Reason of Change Effect of Change on Current Period Prior Period and its adjustment If retrospective change is impractical, then reason for it. In case when entity voluntary change its accounting policy Nature of Change Reason of Change Effect of Change on Current Period Prior Period and its adjustment If retrospective change is impractical, then reason for it. When has not applied New Ind AS that has been issued. Entity shall disclose Fact for not applying New Ind AS. Shown estimate of possible impact of New Ind AS on FS.