Schedule III is the heart of the financial statements, Balance Sheet, P&L, Cash Flow, ratios, Notes, and Mapping all in one Working Paper. CORAA auto-drafts every line from books via the 4-dimensional ଲେଜର୍ classification. Framework selector switches between Division I (Indian GAAP / AS) and Division II (Ind AS). The What-If Simulator lets the ଅଡିଟର୍ preview a reclassification on the BS without saving.
Two paths to the same audit conclusion. One leaves traces; the other doesn't.
Every ଲେଜର୍ carries a Sch III line code from the 4-dim ଲେଜର୍ Classification setup. BS and P&L compose via SUMIFS over Trial Balance, aggregating by Sch III line. Cash Flow derives from BS movement plus P&L non-cash adjustments.
BS, P&L, Cash Flow (indirect method), Ratios (CARO Rule 11(e), 11 ratios with 25% variance flagging), Notes (32 disclosures with CY vs PY), Mapping (read-only view of classification).
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 Note impact immediately, without committing. Commit only on explicit confirmation.
Balance Sheet, P&L, Cash Flow (indirect), Ratios (CARO 11(e)), 32 Notes to Accounts, and Mapping (read-only from ଲେଜର୍ Classification). Every figure cross-references with the others, change a classification, every dependent figure ଅଦ୍ୟତନ.
Most companies use Division I (Indian GAAP / AS). Listed and large unlisted entities use Division II (Ind AS). CORAA's framework selector switches the ଟେମ୍ପ୍ଲେଟ୍, line item names, disclosure requirements, ratio computations all adapt to the chosen framework.
Preview a ଲେଜର୍ 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 Note impact immediately. Commit only on explicit confirmation.
CARO 2020 requires ରିପୋର୍ଟିଂ on 11 financial ratios. CORAA computes them automatically and flags any ratio with more than 25% variance vs prior year, requiring ଅଡିଟର୍ disclosure of the reason for variance.
