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AI Modules/Reporting/Schedule III
Companies Act · रिपोर्टिंग· प्रतिवेदन

Schedule III

Division I or Division II. Six tabs. What-If reclassifications.

CORAA Schedule III with नहींtes cross-references

Schedule III is the heart of the वित्तीय विवरण, Balance Sheet, P&L, Cash Flow, ratios, नहींtes, and Mapping सभी in one Working Paper. CORAA auto-drafts every line from books via the 4-dimensional लेजर वर्गीकरण. फ़्रेमवर्क selector switches between Division I (Indian GAAP / AS) and Division II (Ind AS). The What-If Simulator lets the ऑडिटर preview a reclassification on the BS without saving.

  • Six tabs: BS / P&L / Cash Flow / Ratios (CARO 11(e)) / नहींtes (32 disclosures) / Mapping
  • फ़्रेमवर्क selector: Division I (AS) or Division II (Ind AS), टेम्पलेट्स adapt
  • सभी figures लाइव-formula against the Universal ऑडिट लेजर
  • CY vs PY columns with variance highlight
  • What-If Simulator, preview a reclassification without saving
  • Mapping tab पढ़ें-only; pulls from लेजर वर्गीकरण
Two paths, one ledger

The old way, and ours.

Two paths to the same audit conclusion. One leaves traces; the other doesn't.

Traditional

The old way

  • -Senior पार्टनर composes BS and P&L in Excel from ट्रायल balance
  • -32 नहींtes drafted from a फ़र्म टेम्पलेट, line by line, every ऑडिट
  • -Sch III amendment 2021 एजिंग buckets computed manually
  • -Mapping decisions repeated every वर्ष
  • -Reclassifications require redoing the BS by hand to test impact
Two to three दिन of पार्टनर समय per एंगेजमेंट. Mapping decisions not reused वर्ष-on-वर्ष.
CORAA

On the Ledger

  • BS, P&L, Cash Flow auto-drafted from लेजर वर्गीकरण at first ingest
  • 32 नहींtes auto-drafted with CY vs PY toggle and version history
  • CARO Rule 11(e) ratios auto-computed with variance flagging over 25%
  • Sch III amendment 2021 एजिंग buckets composed automatically
  • What-If Simulator previews reclassification impact across BS, नहींtes, ratios
  • Mapping decisions persist वर्ष-on-वर्ष via लेजर वर्गीकरण
Schedule III ready for पार्टनर समीक्षा in 30 मिनट at first ऑडिट. Subsequent ऑडिट: मिनट.
How it works

Three steps. Every trace logged.

Step 01

लेजर वर्गीकरण feeds Schedule III

Every लेजर carries a Sch III line code from the 4-dim लेजर वर्गीकरण सेटअप. BS and P&L compose via SUMIFS over ट्रायल Balance, aggregating by Sch III line. Cash Flow derives from BS movement plus P&L non-cash adjustments.

Step 02

समीक्षा six tabs

BS, P&L, Cash Flow (indirect method), Ratios (CARO Rule 11(e), 11 ratios with 25% variance flagging), नहींtes (32 disclosures with CY vs PY), Mapping (पढ़ें-only view of वर्गीकरण).

Step 03

Use What-If for marginal calls

When a पार्टनर asks 'what if we treat this as Long-term Borrowing instead of Short-term?', the What-If Simulator renders the BS impact, ratio impact, and नहींte impact immediately, without committing. Commit only on explicit confirmation.

Inside the module

What you actually get.

Six tabs in one Working Paper

Balance Sheet, P&L, Cash Flow (indirect), Ratios (CARO 11(e)), 32 नहींtes to खाते, and Mapping (पढ़ें-only from लेजर वर्गीकरण). Every figure cross-references with the others, change a वर्गीकरण, every dependent figure अपडेट.

  • ›Balance Sheet with three-level drill: line → लेजर → वाउचर
  • ›P&L with disaggregation per Sch III Part II
  • ›Cash Flow per AS 3 / Ind AS 7
  • ›CARO Rule 11(e) 11 ratios with variance flagging
  • ›32 नहींtes with CY vs PY toggle
  • ›Mapping पढ़ें-only from लेजर वर्गीकरण

Division I vs Division II

Most companies use Division I (Indian GAAP / AS). सूचीबद्ध and large unlisted entities use Division II (Ind AS). CORAA's फ़्रेमवर्क selector switches the टेम्पलेट, line item names, disclosure requirements, ratio computations सभी adapt to the chosen फ़्रेमवर्क.

  • ›Division I (AS): Tangible Assets, Intangible Assets header
  • ›Division II (Ind AS): PPE, Right-of-Use Assets, Intangibles
  • ›नहींte टेम्पलेट्स differ per फ़्रेमवर्क
  • ›Ratios computed per फ़्रेमवर्क guidance

What-If Simulator

Preview a लेजर reclassification on the BS without saving. When the पार्टनर asks 'what if this is Long-term Borrowing instead of Short-term', CORAA renders BS impact, ratio impact, and नहींte impact immediately. Commit only on explicit confirmation.

  • ›Preview reclassification impact across BS, नहींtes, ratios
  • ›नहीं सहेजें without confirmation
  • ›Useful for marginal वर्गीकरण calls
  • ›ऑडिट trail captures the preview इवेंट

CARO Rule 11(e) ratios with variance flagging

CARO 2020 requires रिपोर्टिंग on 11 वित्तीय ratios. CORAA computes them automatically and flags any ratio with अधिक than 25% variance vs prior वर्ष, requiring ऑडिटर disclosure of the reason for variance.

  • ›Current ratio, Debt-equity, DSCR
  • ›ROE, Inventory turnover, Receivable turnover
  • ›Payable turnover, Net capital turnover
  • ›Net profit ratio, ROCE, Return on investments
  • ›Variance flagging at 25%
Frequently asked

Answers, up front.

The What-If Simulator previews a लेजर reclassification on the Balance Sheet without saving. When a पार्टनर asks whether a balance should be classified as Long-term Borrowing rather than Short-term, CORAA renders the BS impact, ratio impact, and नहींte impact immediately. The change commits only on explicit confirmation. The Mapping tab itself is पढ़ें-only and pulls from लेजर वर्गीकरण, which remains the canonical source.
The ऑडिटर selects Division I (Indian GAAP / AS) or Division II (Ind AS) once during एंगेजमेंट सेटअप. CORAA loads the appropriate Sch III टेम्पलेट, नहींte टेम्पलेट्स, and disclosure चेकलिस्ट. Division II adds Right-of-Use Assets (Ind AS 116), changes 'Tangible Fixed Assets' to 'प्रोperty, Plant and Equipment', and adjusts several नहींte टेम्पलेट्स including नहींte 19 (ECL on receivables) and नहींte 28 (employee benefits disclosure).
CARO 2020 requires रिपोर्टिंग on 11 वित्तीय ratios with explanation for any variance over 25% vs prior वर्ष. CORAA computes the ratios from BS and P&L, flags variances over 25%, and prompts for the ऑडिटर's explanation. The explanation goes into the CARO 2020 रिपोर्ट at Clause 3(xi)(e). नहीं re-keying.
हाँ. BS, P&L, Cash Flow, Ratios, and नहींtes are सभी लाइव formulas against the Universal ऑडिट लेजर. Reclassifying a लेजर via लेजर वर्गीकरण triggers automatic recomputation across सभी six tabs. The recompute इवेंट is captured in the ऑडिट ट्रेल per SA 230.
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Schedule III Balance Sheet & P&L, AI Auto-Drafted | CORAA | CORAA