Compare and Review:
Consolidated Financial Statement
Notes on Consolidated Financial Statements
Form 20-F for 2023
Task:
1. Compare the consolidated statements of financial position (Under IFRS) and the consolidated balance sheet (under Ind SA). Discuss the differences in:
Financial statement format
Valuation of property, plant, and equipment
Valuation of goodwill
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Valuation of deferred tax assets and liabilities
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Valuation of deferred tax assets and liabilities
Valuation of provisions
2.
Prepare a schedule comparing the total revenue, after-tax income, total assets, equity, and operating cash flow under Ind AS and IFRS. Based on the comparison schedule, which system if more conversative? Discuss your reasoning.
Prepare a schedule comparing the total revenue, after-tax income, total assets, equity, and operating cash flow under Ind AS and IFRS. Based on the comparison schedule, which system if more conversative? Discuss your reasoning.