CORAA
ಲೈವ್ ಡೆಮೋ ಬುಕ್ ಮಾಡಿಉಚಿತ ಪ್ರಯೋಗವನ್ನು ಪ್ರಾರಂಭಿಸಿ
AI Modules/Reporting/Schedule III
ಕಂಪನಿಗಳ ಕಾಯ್ದೆ · ವರದಿ ಮಾಡುವಿಕೆ· प्रतिवेदन

Schedule III

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

CORAA Schedule III with ಇಲ್ಲtes cross-references

Schedule III is the heart of the financial statements, Balance Sheet, P&L, ಕ್ಯಾಶ್ ಫ್ಲೋ, ratios, ಇಲ್ಲtes, and Mapping all in one ವರ್ಕಿಂಗ್ ಪೇಪರ್. CORAA auto-drafts every line from books via the 4-dimensional ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ. ಚೌಕಟ್ಟು selector switches between Division I (Indian GAAP / AS) and Division II (Ind AS). The What-If Simulator lets the ಆಡಿಟರ್ preview a reclassification on the BS without saving.

  • Six tabs: BS / P&L / ಕ್ಯಾಶ್ ಫ್ಲೋ / Ratios (CARO 11(e)) / ಇಲ್ಲtes (32 disclosures) / Mapping
  • ಚೌಕಟ್ಟು selector: Division I (AS) or Division II (Ind AS), ಟೆಂಪ್ಲೇಟ್‌ಗಳು adapt
  • ಎಲ್ಲಾ figures live-formula against ಯುನಿವರ್ಸಲ್ ಆಡಿಟ್ ಲೆಡ್ಜರ್
  • CY vs PY columns with variance highlight
  • What-If Simulator, preview a reclassification without saving
  • Mapping tab read-only; pulls from ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ
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 partner composes BS and P&L in Excel from ಪ್ರಯೋಗ balance
  • -32 ಇಲ್ಲtes drafted from a firm ಟೆಂಪ್ಲೇಟ್, line by line, every ಆಡಿಟ್
  • -Sch III ತಿದ್ದುಪಡಿ 2021 ageing buckets computed manually
  • -Mapping decisions repeated every year
  • -Reclassifications require redoing the BS by hand to test impact
Two to three days of partner time per ಎಂಗೇಜ್‌ಮೆಂಟ್. Mapping decisions not reused year-on-year.
CORAA

On the Ledger

  • BS, P&L, ಕ್ಯಾಶ್ ಫ್ಲೋ auto-drafted from ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ at first ingest
  • 32 ಇಲ್ಲtes auto-drafted with CY vs PY ಟಾಗಲ್ ಮತ್ತು version history
  • CARO Rule 11(e) ratios auto-computed with variance flagging over 25%
  • Sch III ತಿದ್ದುಪಡಿ 2021 ageing buckets composed automatically
  • What-If Simulator previews reclassification impact across BS, ಇಲ್ಲtes, ratios
  • Mapping decisions persist year-on-year via ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ
Schedule III ready for partner review in 30 minutes at first ಆಡಿಟ್. Subsequent ಆಡಿಟ್‌ಗಳು: minutes.
How it works

Three steps. Every trace logged.

Step 01

ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ ಶುಲ್ಕds Schedule III

Every ಲೆಡ್ಜರ್ carries a Sch III line code from the 4-dim ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ setup. BS and P&L compose via SUMIFS over ಪ್ರಯೋಗ Balance, aggregating by Sch III line. ಕ್ಯಾಶ್ ಫ್ಲೋ derives from BS movement plus P&L non-cash adjustments.

Step 02

Review six tabs

BS, P&L, ಕ್ಯಾಶ್ ಫ್ಲೋ (indirect method), Ratios (CARO Rule 11(e), 11 ratios with 25% variance flagging), ಇಲ್ಲtes (32 disclosures with CY vs PY), Mapping (read-only view of classification).

Step 03

Use What-If for marginal calls

When a partner 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 ಇಲ್ಲಪರಿಣಾಮವನ್ನು ತಕ್ಷಣ, without committing. Commit only on explicit confirmation.

Inside the module

What you actually get.

Six tabs in one ವರ್ಕಿಂಗ್ ಪೇಪರ್

Balance Sheet, P&L, ಕ್ಯಾಶ್ ಫ್ಲೋ (indirect), Ratios (CARO 11(e)), 32 ಖಾತೆಗಳಿಗೆ ಟಿಪ್ಪಣಿಗಳು, ಮತ್ತು Mapping (read-only from ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ). Every figure cross-references with the others, change a classification, every dependent figure ನವೀಕರಣಗಳು.

  • ›Balance Sheet with three-level drill: line → ಲೆಡ್ಜರ್‌ಗಳು → ವೌಚರ್‌ಗಳು
  • ›P&L with disaggregation per Sch III Part II
  • ›ಕ್ಯಾಶ್ ಫ್ಲೋ per AS 3 / Ind AS 7
  • ›CARO Rule 11(e) 11 ratios with variance flagging
  • ›32 ಇಲ್ಲtes with CY vs PY ಟಾಗಲ್
  • ›Mapping read-only from ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ

Division I vs Division II

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

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

What-If Simulator

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

  • ›Preview reclassification impact across BS, ಇಲ್ಲtes, ratios
  • ›ಇಲ್ಲ save without confirmation
  • ›Useful for marginal classification calls
  • ›ಆಡಿಟ್ ಜಾಡು captures the preview event

CARO Rule 11(e) ratios with variance flagging

CARO 2020 requires ವರದಿ ಮಾಡುವಿಕೆ on 11 financial ratios. CORAA computes them automatically and flags any ratio with more than 25% variance vs prior year, requiring ಆಡಿಟರ್ 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 ಲೆಡ್ಜರ್ reclassification on the Balance Sheet without saving. When a partner asks whether a balance should be classified as Long-term Borrowing rather than Short-term, CORAA renders the BS impact, ratio impact, and ಇಲ್ಲಪರಿಣಾಮವನ್ನು ತಕ್ಷಣ. The change commits only on explicit confirmation. The Mapping tab itself is read-only and pulls from ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ, which remains the canonical source.
The ಆಡಿಟರ್ selects Division I (Indian GAAP / AS) or Division II (Ind AS) once during ಎಂಗೇಜ್‌ಮೆಂಟ್ ಸೆಟಪ್. CORAA loads the appropriate Sch III ಟೆಂಪ್ಲೇಟ್, ಇಲ್ಲte ಟೆಂಪ್ಲೇಟ್‌ಗಳು, ಮತ್ತು disclosure ಚೆಕ್‌ಲಿಸ್ಟ್. Division II adds Right-of-Use Assets (Ind AS 116), changes 'Tangible Fixed Assets' to 'Property, Plant and Equipment', and adjusts several ಇಲ್ಲte ಟೆಂಪ್ಲೇಟ್‌ಗಳು including ಇಲ್ಲte 19 (ECL on receivables) and ಇಲ್ಲte 28 (employee benefits disclosure).
CARO 2020 requires ವರದಿ ಮಾಡುವಿಕೆ on 11 financial ratios with explanation for any variance over 25% vs prior year. CORAA computes the ratios from BS and P&L, flags variances over 25%, and prompts for the ಆಡಿಟರ್'s explanation. The explanation goes into the CARO 2020 ವರದಿ at Clause 3(xi)(e). ಇಲ್ಲ re-keying.
ಹೌದು. BS, P&L, ಕ್ಯಾಶ್ ಫ್ಲೋ, Ratios, and ಇಲ್ಲtes are all live formulas against ಯುನಿವರ್ಸಲ್ ಆಡಿಟ್ ಲೆಡ್ಜರ್. Reclassifying a ಲೆಡ್ಜರ್ via ಲೆಡ್ಜರ್ ವರ್ಗೀಕರಣ triggers automatic recomputation across all six tabs. The recompute event is SA ಪ್ರಕಾರ ಆಡಿಟ್ ಜಾಡಿನಲ್ಲಿ ಸೆರೆಹಿಡಿಯಲಾಗಿದೆ 230.
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Schedule III Balance Sheet & P&L, AI Auto-Drafted | CORAA | CORAA