Budding Professional
(B.Com, CA & CS FINAL)
(1686 Points)
Replied 21 September 2012
You will have to familiarise yourself completely with the format as the Balance Sheet and Profit and Loss Account will have to be prepared in accordance with that only. Moving ahead, there may be a theory question about the applicability, rounding off and listing few differences between the old and revised schedule VI. Also, apart from Financial Reporting, there may be a question in Auditing as well which will deal with Revised Schedule VI.
It is not a big deal to study. Practice the questions by solving them in the revised schedule VI and you will get in sync with it.
All the best.
CAclubindia
