Transitioning to Ind AS 118 - How different will your Income Statement look from FY2027? Part II - Classification in the Investing Category
The proposed Ind AS 118 – Presentation and Disclosure in Financial Statements, proposed to take effect for annual periods beginning on or after 1 April 2027, represents a significant step toward greater transparency and comparability of financial statements.
The first part of our publication series, Transitioning to Ind AS 118 - How different will your Income Statement look from FY2027?, introduced the key proposed changes. Now, Part 2 delves into one of the core aspects of the new structure, classifying transactions under the investing category.
It explores how income and expenses from assets that generate returns largely independently will be classified, helping Boards and senior management understand the implications of these changes for their financial statements.
The forthcoming parts of this series will continue to explore other key aspects of Ind AS 118, offering deeper insights and illustrative examples. Stay tuned!
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