Various Requirements of Corporate Reporting in India

In accounting, Corporate Reporting is a very hot topic now days. Various statues have prescribed certain statements to be disclosed periodically by a corporate entity. The purpose of such mandate is to convey a true and fair view of the operating results and financial position to the users of financial reports. Within a corporate context, financial reporting covers four types of accounting data sets. These include a balance sheet, a statement of profit and loss, a statement of cash flows