A Fresh Look at the New Financial Statement Format for Non-Corporate Entities (And How It Compares to the Old Way of Doing Things)
If you’re running a sole proprietorship, partnership firm, LLP (not governed by the Companies Act), trust, or society, there’s a good chance you’ve been preparing your financials in a format that’s worked for years—but maybe lacked structure or consistency. That’s changing. To bring more clarity, transparency, and comparability to financial reporting, the Institute of Chartered […]
