GoodwilL Disclosure as per Ind AS for preparing Financial Statement as per Division II – Ind AS Schedule III to the Companies Act 2013

Ind AS Schedule III requires a company to present Goodwill as a separate line item on the face of the balance sheet apart from ‘Other Intangible Assets’. Further, it requires a reconciliation of the gross and net carrying amount of goodwill at the beginning and end of the reporting period showing additions, impairments, disposals, and other adjustments.

Priyansh Minocha

Priyansh Minocha is C.E.O and Director at Amonest India Private Limited and Founder at Casolutionsglobal

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