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3. Contents
Introduction
XBRL Data Structure ................................................................................................................................ 1
XBRL Format for Reporting in India ....................................................................................................... 2
Preparation & Filling of Financial Reports in XBRL Format .................................................................. 3
Steps for Filing Financial Statements in XBRL form in MCA21 System ............................................................. 3
Features of MCA Reports in Tally.ERP 9 ................................................................................................ 4
Lesson 1: Enabling MCA Reports in Tally.ERP 9
1.1 Enabling MCA Reports in Tally.ERP 9 ............................................................................................ 5
1.1.1 Generating reports in XBRL format .......................................................................................................... 6
Lesson 2: Configure List of Accounts
2.1 Configure MCA Taxonomy Elements .............................................................................................. 8
2.2 Profit and Loss Adjustments & Appropriations ............................................................................. 12
2.2.1 Profit and Loss Adjustments & Appropriations are already accounted in the Books of Accounts ......... 13
2.2.2 Profit and Loss Adjustments & Appropriations are not accounted in the books of Accounts ................. 14
2.2.3 Earnings Per Share Calculation .............................................................................................................. 18
2.3 Cash Flow Statement ...................................................................................................................... 18
2.3.1 Prepare Cash Flow Statement in Tally.ERP 9 ........................................................................................ 19
2.3.2 Disclose Details in Cash Flow Statement Manually or Auto Fill ........................................................... 22
2.4 Select Previous Year Company ...................................................................................................... 24
2.4.1 Restore Mapped List of Accounts ............................................................................................................ 25
2.5 View Checklist................................................................................................................................ 26
2.6 Configure Mandatory Information .................................................................................................. 27
2.6.1 Balance Sheet ........................................................................................................................................... 27
2.6.2 Cash Flow Statement ............................................................................................................................... 31
2.6.3 Company Information .............................................................................................................................. 32
2.6.4 Profit and Loss Account ........................................................................................................................... 33
2.6.5 Show Unmapped List of Accounts ........................................................................................................... 34
Lesson 3: Configure Additional Details
3.1 General Information ........................................................................................................................ 36
3.2 Details of Inventories ...................................................................................................................... 39
3.3 Details of Turnover ......................................................................................................................... 40
3.4 Accounting Policies and Basis of Presentation............................................................................... 40
3.5 Changes in Accounting Policies and Estimates .............................................................................. 45
3.6 Events occurring after Balance Sheet Date ..................................................................................... 46
3.7 Foreign Exchange Transactions ...................................................................................................... 47
3.8 Government Grants and Subsidies ................................................................................................. 48
3.9 Amalgamation ................................................................................................................................. 49
i
4. Content
3.10 Employee Benefits ........................................................................................................................ 50
3.11 Segment Reporting ...................................................................................................................... 51
3.11.1 Primary Segments .................................................................................................................................. 52
3.11.2 Secondary Segments .............................................................................................................................. 53
3.12 Related Parties ............................................................................................................................. 53
3.12.1 Related Party Transactions ................................................................................................................... 54
3.13 Leases ............................................................................................................................................ 56
3.14 Earnings per Share ........................................................................................................................ 57
3.15 Subsidiary Information ................................................................................................................ 58
3.16 Deferred Tax Assets and Liabilities ............................................................................................. 60
3.17 Investment in Associates .............................................................................................................. 61
3.18 Investment in Joint Venture .......................................................................................................... 62
3.19 Discontinuing Operations ............................................................................................................. 63
3.20 Intangible Assets ........................................................................................................................... 64
3.21 Impairment of Assets ................................................................................................................... 65
3.22 Provisions and Contingencies ...................................................................................................... 66
3.23 Cash Flow Statement and Balances .............................................................................................. 67
3.24 Foreign Bank Balances ................................................................................................................. 68
3.25 Due to MSME ............................................................................................................................... 68
3.26 Directors and Remuneration to Directors ..................................................................................... 71
3.27 Other Disclosures.......................................................................................................................... 72
3.28 Auditors Report ............................................................................................................................. 73
3.29 Auditors’ Information ................................................................................................................... 74
3.30 Directors Report ............................................................................................................................ 75
3.31 Signatories of Balance Sheet ........................................................................................................ 76
3.31.1 Details of Directors Signing Board Report ........................................................................................... 77
3.31.2 Details of Managers Signing Balance Sheet ......................................................................................... 78
3.32 Prior Period, Extraordinary And Exceptional Items ..................................................................... 79
3.33 Share Capital ................................................................................................................................. 80
3.33.1 Additional Information Relating to Share Capital ................................................................................ 81
3.33.2 Details of every class of Share Capital issued during period ............................................................... 82
3.34 Additional Information Relating to Balance Sheet Items ............................................................. 83
3.34.1 Details of Debentures ........................................................................................................................... 84
3.35 Miscellaneous Information ........................................................................................................... 85
3.36 Additional Details for the Tangible Assets ................................................................................... 86
3.37 Additional Details for the Intangible Assets ................................................................................. 91
3.38 Details of Deferred Tax ................................................................................................................ 92
3.39 Specify Report .............................................................................................................................. 93
3.40 Update Status ................................................................................................................................ 93
Lesson 4: Generate and Validate MCA Reports
4.1 Generate MCA Reports .................................................................................................................. 95
ii
5. Content
4.2 Validate MCA Reports ................................................................................................................... 97
4.2.1 Validation Process ................................................................................................................................... 97
4.2.2 Pre-scrutiny Process ............................................................................................................................. 100
4.2.3 Export to PDF Process .......................................................................................................................... 100
4.2.4 Attach instance document to the Form 23AC-XBRL and Form 23ACA-XBRL ..................................... 102
4.2.5 Submitting the Form 23AC-XBRL and Form 23ACAXBRL on the MCA portal ................................... 102
Lesson 5: MCA Reports
5.1 Balance Sheet ................................................................................................................................ 104
5.1.1 Non Mapped Ledgers ............................................................................................................................. 105
5.2 Profit & Loss Statement ................................................................................................................ 107
5.2.1 Non Mapped Ledgers ............................................................................................................................. 108
5.3 Cash Flow Statement .................................................................................................................... 110
5.4 Other Reports ................................................................................................................................ 111
5.4.1 Fixed Assets Details ............................................................................................................................... 111
5.4.2 Product and Services ............................................................................................................................. 112
5.4.3 Details of Goods .................................................................................................................................... 117
5.4.4 Raw Materials Details ........................................................................................................................... 121
iii
6. Introduction
XBRL is a language for the electronic communication of business and financial data which is rev-
olutionizing business reporting around the world. XBRL stands for eXtensible Business
Reporting Language. It is one of a family of XML languages which is becoming a standard
means of communicating information between businesses and on the internet.
XBRL was developed to facilitate electronic exchange of Business reporting Data across various
computer platforms. It supports the preparation, analysis and communication of business informa-
tion. It also offers the benefits like:
Cost Saving
Greater Efficiency
Improved accuracy and Reliability
Greater Transparency
XBRL is being developed by an international non-profit consortium of approximately 450 major
companies, organisations and government agencies. It is a freely available, market driven, open,
global standard language. It is already being put to practical use in countries like USA, UK, Aus-
tralia, China, etc.
XBRL Data Structure
XBRL provides business data on machine readable XML format with the help of Taxonomy and
Instance Document.
Taxonomies are dictionaries used by XBRL. They define the elements (specific tags) for individ-
ual items of data (such as "net profit") and their interrelationship as per the regulatory require-
ments. Different taxonomies will be required for different financial reporting purposes. Different
XBRL jurisdictions may have their own financial reporting taxonomies to reflect their local
accounting regulations. Many different organisations, including regulators, specific industries or
even companies, may require taxonomies to cover their own business reporting needs.
Besides assigning XBRL tag from taxonomy, information like unit of measurement, period of data,
and scale of reporting etc. needs to be included in the instance Document. Once the taxonomy is
determined in compliance with applicable regulations, the companies are required to generate
valid XBRL Instance Document.
1
7. Introduction
XBRL Format for Reporting in India
Due to globalisation of businesses, the users of financial information of the business is spread
across the globe. For the purpose of making the reported financial information usable across the
globe, one common reporting language XBRL was introduced. This is universally adopted
computer readable language for reporting the financial information. Using this, any financial
reports can be viewed in the common format using XBRL in the prescribed format.
In order meet the universal requirements, India also adopted the practice and introduced the
concept of using XBRL for Financial Reporting. As a part of this initiation, On June 7, 2011 the
Ministry of Corporate Affairs (MCA) mandated the filing of the annual financial statements in
XBRL format for all the financial statements prepared for the period starting from 31st March 2011
(i.e. from the financial year 2010-11).
As per the MCA circular, the following is the eligibility criteria for filing the financial statements in
XBRL in the format prescribed in the Taxonomy published by the MCA.
All listed companies including their Indian subsidiaries (but excluding the overseas subsidi-
aries)
Companies having a paid up capital of more than Rs. 5 crore or turnover of Rs.100 crore or
above
In the first phase Banking, Insurance, Power, and Non-Banking Financial Companies (NBFC) are
exempted from submitting financial report in XBRL Format.
Now, Indian companies can use internationally accepted reporting format – XBRL to save costs
and streamline their processes for collecting and reporting financial information. Consumers of
financial data, including investors, analysts, financial institutions and regulators, can receive,
discover, compare and analyse data much more rapidly and efficiently if it is in XBRL format. It
also assists to access non-financial information like supplier data, customer application forms,
project data, employee information, regulatory submissions, and Management Information
System on the company.
To assist and manage XBRL Reporting, Ministry of Corporate Affairs has set up e-governance
web portal – Ministry of Corporate Affairs – XBRL (http://www.mca.gov.in/XBRL/index.html).
2
8. Introduction
Preparation & Filling of Financial Reports in XBRL Format
Companies incorporated under the Companies Act 1956, are required to file returns with the
Registrar of Companies (ROC) every year. Ministry of Corporate Affairs (MCA) mandated the
companies to file the annual financial statements in XBRL format for the Year 2010-11 onwards.
As per the MCA circular, the following is the eligibility criteria for filing the financial statements in
XBRL in the format prescribed in the Taxonomy published by the MCA.
All listed companies including their Indian subsidiaries (but excluding the overseas subsidi-
aries)
Companies having a paid up capital of more than Rs. 5 crore or turnover of Rs.100 crore or
above
Assessees who are submitting their financial statements to the MCA as a part of their statutory
compliance, need to (who have computerized systems in place) and can) generate their financial
reports in XBRL and submit to MCA. (from their existing application/product/tool). Department has
given the process to prepare financial reports in XBRL in the format as prescribed in a Taxonomy,
and provided a tool to validate the reports and upload the reports to MCA21 system.
Steps for Filing Financial Statements in XBRL form in MCA21 System
1. Create XBRL Instance Document
Map company’s financial element to corresponding element in taxonomy
Create the XBRL instance document for Balance Sheet and Profit & Loss Account
Review and verify the Instance Document
2. Download the XBRL Validation Tool form MCA Portal
3. Validate the XBRL instance document and to be certified by any of the members of ICAI,
ICWAI and ICSI who are in whole time practice.
4. Perform pre-scrutiny of the validated instance document through the tool (to perform pre-scru-
tiny, enterprises should have a working internet connection)
5. Attach the Instance Document to the Form 23AC and 23ACA
6. Submit/Upload the Form 23AC and Form 23ACA on the MCA portal
XBRL Validation Tool is provided by MCA to validate the XBRL instance docu-
ment generated by IT vendors / IT departments from their respective products/
tools.
Form 23AC - Form for e-filing Balance Sheet with the Registrar
Form 23ACA - From for e-filing Profit & Loss Account with the registrar
3
9. Introduction
Features of MCA Reports in Tally.ERP 9
Meeting all the requirements of MCA - XBRL Reporting, Tally.ERP 9 provides the option to
generate the financial reports in XBRL format with a click of a button.
Features of generating MCA Reports (XBRL Format) in Tally.ERP9 are:
Easy to enter Company’s information (Financial & Non-financial), Audit and Director Report
information with proper categorization of information.
Company Chart of Accounts (COA) with suggested mappings to respective elements of
MCA Taxonomy.
Simple procedure/configuration for Grouping or Re-grouping of COA with Taxonomy Ele-
ments as per the user choice.
Option to check (only) the Mandatory fields for proper validation as per Taxonomy Business
Rules.
Facility to fill previous year data, if Books of Accounts are maintained manually.
Single report to check that all the required information to generate valid MCA Reports -
Checklist for Generation of Reports.
Generate MCA Reports with a click of a button.
Generate Balance Sheet, Profit & Loss A/c and Cash Flow Statements.
MCA Reporting is a default feature available in Tally.ERP 9. For generating MCA
reports the subscription rates are as follows:
Till March 31, 2012 - Zero rate with Tally.Net subscription.
From April 1, 2012 - Users have to subscribe for MCA Reports Service in
addition to Tally.NET which will have the validity period as that of Tally.NET.
To subscribe MCA Reports Service, click on Ctrl+S: Shop button or press Ctrl+S
keys to navigate to Shop screen to buy the MCA Reports Service.
For generating MCA Reports from Tally.ERP9, let us take the example of ABC Company.
4
10. Lesson 1: Enabling MCA Reports in Tally.ERP 9
1.1 Enabling MCA Reports in Tally.ERP 9
Enabling MCA Reports is a simple and easy process.
To enable MCA Reports Feature in Tally.ERP 9, follow the steps given below:
Go to Gateway of Tally > F11: Features > Statutory & Taxation Features
Set the option Enable MCA Reports to Yes
Figure 1.1 Enabling MCA Reports
5
11. Enabling MCA Reports in Tally.ERP 9
1.1.1 Generating reports in XBRL format
Generating reports in MCA-XBRL format is a Three step process in Tally.ERP 9.
Ensure the values for Mandatory Fields
Map Tallly.ERP 9’s Default Groups to MCA Taxonomy Elements. User has to tag the
respective applicable Taxonomy child elements to the Group/Sub group.
Generate the MCA Reports in prescribed MCA-XBRL format
6
12. Lesson 2: Configure List of Accounts
The List of Accounts Configuration report displays the mapping details for each default Tally
Group with the MCA - XBRL Head with Group Closing Balance.
To view the List of Accounts Configuration report,
Go to Gateway of Tally > Display > Statutory Reports > MCA Reports > List of Accounts
Figure 2.1 List of Accounts Configuration Screen
The List of Accounts Configuration report displays the Default Tally Groups in Blue Colour.
Users have to map the Tally.ERP 9 default groups/subgroups/ledgers from the above report by
pressing Ctrl+Enter on the required Group/Subgroup/ledger or select (by pressing Spacebar key)
required Group/ Subgroup/ ledger and click on C: Map Elements button to Configure MCA
Taxonomy Element.
7
13. Configure List of Accounts
From List of Accounts Configuration screen, company can also configure Cash Flow and P&L
adjustments & appropriations.
To configure the Cash Flow Statement select Cash Flow Statement option and press Ctrl+Enter.
To disclose the details of Profit & Loss Adjustments & Appropriations select Profit and Loss
Adjustments & Appropriation option and press Ctrl+Enter.
2.1 Configure MCA Taxonomy Elements
To Configure MCA Taxonomy Elements,
Go to Gateway of Tally.ERP 9 > Display > Statutory Reports > MCA Reports > List of
Accounts
Click on F1: Detailed or press Alt+ F1 keys to view the detailed Chart of Accounts of the
company along with Ledgers for tagging the Taxonomy elements. For easy identification,
unmapped List of Accounts are displayed in Blue Colour.
Select the Default Tally Ledger for MCA - Taxonomy element tagging.
Press Spacebar key to select the Default Tally Group/Sub-Group/Ledger.
Figure 2.2 List of Accounts Configuration Screen – Detailed Mode
8
14. Configure List of Accounts
Click on C: Map Elements or press Ctrl + Enter to select applicable child element to tag to
the selected ledger or group. The elements of MCA -Taxonomy are shown in a tree struc-
ture and user can select the applicable element for the selected ledger.
The Taxonomy Elements are shown in its reporting structure by default. User can
see this in the form of Alphabetical Order or Taxonomy Head as per the reporting
structure of the taxonomy using the options provided in this screen.
Figure 2.3 Taxonomy Elements Display Screen
Select the appropriate MCA - Taxonomy Element from the MCA - XBRL Taxonomy (e.g.
Calls unpaid by directors). The newly mapped group will be displayed in Selected Element
filed.
9
15. Configure List of Accounts
Figure 2.4 Selection of Taxonomy Elements
Tally.ERP 9 will allow to re-configure the default mapping only with the MCA -
XBRL Taxonomy displayed in Blue (child taxonomy element). It will not allow to map
the MCA - XBRL Taxonomy displayed in Black (parent Taxonomy element).
Press Enter to save the tagging
The List of Accounts Configuration report with the mapped MCA Taxonomy Element appears as
shown:
Figure 2.5 Mapped List of Account
On mapping the List of Accounts with MCA Taxonomy, the mapped Ledger's colour gets
changed to Black indicating that the ledger is mapped.
10
16. Configure List of Accounts
If you map the Group with MCA Taxonomy, then all the ledgers created under it will mapped with
the MCA Taxonomy selected for the Group.
Figure 2.6 Mapping of Group
Figure 2.7 Mapping with the MCA Taxonomy Element
11
17. Configure List of Accounts
Figure 2.8 Display of Mapped Group & Ledgers
2.2 Profit and Loss Adjustments & Appropriations
In Profit and Loss Adjustments & Appropriations screen company can disclose the details of
Profits distributed after Net Profit is arrived.
Net Profit = Gross Profit - Administration & Selling Expenses - Other Expenses - Taxes - Depreci-
ation + Other Incomes.
To disclose the details of Profit & Loss Adjustments/ Appropriations,
Go to Gateway of Tally > Display > Statutory Reports > MCA Reports > List of Accounts >
Profit and Loss Adjustments & Appropriations > press Ctrl + Enter
Figure 2.9 Profit and Loss Adjustments & Appropriations Screen
12
18. Configure List of Accounts
In Profit and Loss Adjustments & Appropriations screen,
Net Profit as per Profit & Loss Account: Net Profit displayed in this field is captured from
Profit & Loss A/c
Net Profit as per MCA - Taxonomy Element: Net Profit is displayed based on the map-
ping of MCA - Taxonomy Elements.
The Net Profit displayed in both the fields should be same to confirm that the books of accounts
and the details disclosed in Instance Document are correct.
As different companies follow different methods to arrive Profit, difference in Net Profit may be
found. Example: when a company has recorded all the adjustment/appropriation entries in books
of accounts but are not mapped to generate XBRL Instance Document. In this case Net Profit as
per Profit & Loss Account will be less than the Net Profit as per MCA Taxonomy Element.
Hence, while disclosing the Profit and Loss Adjustments & Appropriations details, companies
can follow any one of the methods given:
2.2.1 Profit and Loss Adjustments & Appropriations are already accounted
in the Books of Accounts
If the company has already recorded all the Profit & loss adjustment transactions then, the
adjusted values can be entered/specified for the appropriate Taxonomy elements manually. The
values are entered manually will be considered only for Taxonomy elements and will not affect the
books of accounts.
Example: ABC Company has already accounted the transfer of Rs. 12,00,000 to General
Reserves. Hence, the value of Reserves is being entered manually in P& L Adjustment & Appor-
tions.
Figure 2.10 P & L Appropriation Report after Manual Accounting of Reserves
13
19. Configure List of Accounts
On disclosure of all the Profit and Loss Adjustments & Appropriations the Profit/Loss as per
MCA Taxonomy Elements and Books of accounts transferred to Balance sheet will be dis-
played.
Profit/Loss as per MCA Taxonomy Elements = Net Profit as per MCA Taxonomy Ele-
ments - Taxonomy Element amount (addition/Subtraction)
Profit/Loss as per Books of accounts transferred to Balance sheet = Net Profit as per
Profit & Loss Account
The Profit/Loss displayed in both the fields should be same to confirm that the
books of accounts and the details disclosed in Instance Document are correct.
If there is any difference, the Difference amount will be displayed in Red.
2.2.2 Profit and Loss Adjustments & Appropriations are not accounted in
the books of Accounts
If the company has not accounted the P& L Appropriations, to disclose the such information for
taxonomy elements and Books accounts,
Example: ABC Company wants to allocate Rs. 12,00,000 towards General Reserve. It has not
accounted the allocation in Books of Accounts.
Navigate to the appropriate taxonomy element and click on F7: Create Voucher button or press
F7 key to navigate to Journal Voucher to record the adjustments/ appropriations.
Figure 2.11 Selecting Create Voucher option
14
20. Configure List of Accounts
In Journal Voucher,
Debit - Profit & Loss A/c and enter the amount allocated in Amount field.
Credit - Reserves & Surplus ledger. on selection of Ledger Tally displays the Adjustment
Type screen to select the Taxonomy elements towards which the value to be mapped. In
this screen select the appropriate taxonomy element e.g. Appropriations General
Reserve
Figure 2.12 Selection of Adjustment Type in Journal Voucher
15
21. Configure List of Accounts
Figure 2.13 Completed Journal Voucher
All adjustments/appropriations have to be accounted using the ledger Profit & Loss A/c. If Profit &
Loss A/c ledger is not used to account the adjustments, such transactions will be considered as
normal adjustments and will not be displayed in Profit and Loss Adjustments & Appropriations
screen.
From Journal Voucher, Tally.ERP 9 will not allow the user to navigate to any other
vouchers.
To navigate back to Profit and Loss Adjustment & Appropriations screen press
Escape from Journal Voucher.
On accepting the voucher the allocated value will be displayed in Profit and Loss Adjustment &
Appropriations screen as shown:
16
22. Configure List of Accounts
Figure 2.14 P& L Appropriation report with Auto-filled Value
On disclosure of all the Profit and Loss Adjustments & Appropriations the Profit/Loss as per
MCA Taxonomy Elements and Books of accounts transferred to Balance sheet will be dis-
played.
Profit/Loss as per MCA Taxonomy Elements = Net Profit as per MCA Taxonomy Ele-
ments - Taxonomy Element amount (addition/Subtraction)
Profit/Loss as per Books of accounts transferred to Balance sheet = Net Profit as per
Profit & Loss Account - Taxonomy Element amount (addition/Subtraction).
The Profit/ Loss displayed in both the fields should be same to confirm that the
books of accounts and the details disclosed in Instance Document are correct.
17
23. Configure List of Accounts
2.2.3 Earnings Per Share Calculation
In this section, company has to disclose Basic and Diluted Earnings per share on the undistrib-
uted profits along with the information of average number of shares considered for calculating
diluted earnings per share.
Figure 2.15 Earnings Per Share Calculation Section
From Profit & Loss Adjustments and Appropriations screen, users can view the
Journal Vouchers recorded using F7: Create Vouchers button.
To view Journal Vouchers recorded from Profit & Loss Adjustments and Appropria-
tions, click on F8: Show Vouchers button or press F8 key.
Journal Voucher lists only those Journal Voucher which are recorded from Profit &
Loss Adjustments and Appropriations report.
2.3 Cash Flow Statement
Every enterprise has to prepare a Cash Flow Statement to report cash flows during the period
classified by Operating, Investing and Financing Activities in a manner which is most appropriate
to its business.
An enterprise can report cash flows using either
1. Direct method – Where the major classes of gross cash receipts and gross cash payments
are disclosed.
2. Indirect method – Where the net profit or loss is adjusted for the effects of transactions of a
non-cash nature, any delays or accruals of past or future operating cash receipts or payments,
and items of income or expense associated with investing or financing cash flows.
18
24. Configure List of Accounts
While reporting the cash flows of Operating, Investing and Financing activities, enterprise has to
disclose the details
Foreign Currency Cash Flows
Extraordinary Items
Interest & Dividends
Taxes on Income
Investments in Subsidiaries, Associates and Joint Ventures
Acquisitions and Disposals of Subsidiaries and Other Business Units
Non-cash Transactions
Components of Cash and Cash Equivalents
Other Disclosures
2.3.1 Prepare Cash Flow Statement in Tally.ERP 9
To prepare the Cash Flow Statement,
Go to Gateway of Tally > Display > Statutory Reports > MCA Reports > List of Accounts >
Cash Flow Statement
Figure 2.16 Cash Flow Statement
19
25. Configure List of Accounts
Tally.ERP 9, allows the user to prepare the Cash Flow Statements using Direct Method or Indirect
Method. In Cash Flow Statements screen, Indirect Method will be displayed as the default
method used for generation of Cash Flow Statement. If the company is following different Type of
Cash Flow Statement, the same can be configured in General Configuration. When the Type
of Cash Flow Statement is configured, the same will be captured in method used for generation
of Cash Flow Statement field in Cash Flow Statements screen.
Tally.ERP 9 will not allow the user to change the Type of Cash Flow Statement in
Cash Flow Statements screen. Cash Flow Statement Type can be configured only
from General Configurations.
In Cash Flow Statement screen enter the information of:
Adjustments of amortization, bad Debts recovered, depreciation, dividend received by the
company & subsidiary, employee compensation, employee stock option plan, gain or loss
of foreign exchange fluctuations, gain or loss on sale of fixed Assets, impairment loss,
interest expense, income tax refund, liabilities written off, write-off debts, etc.
Changes in advance of tax, advances received, amount receivable from related parties,
current liabilities provisions, inventories, loan advances, current assets, liabilities, prepaid
expenses, provisions, working capital etc.
Expenses of Debt Issue and Refunded Direct Taxes.
Dividend & Dividend distribution Tax paid on equity and preference shares.
Effect of Foreign Exchange in cash and Cash equivalents.
Extraordinary financing and investing activities
Cash Flow Increase or Decrease because of Discontinued Operations.
Interest Expenses paid on bank borrowings, inter-corporate deposits, long-term & Short-
term loans etc.
Loans & Advances made to others, subsidiaries etc.
Net Cash Flow of financing, investing and indirect operating activities.
Net Changes in reserves, subsidy and discontinuing operations.
Other Financing and Investing activities
Non-operating and Non-cash adjustments made.
Payments to acquire the business, buy back equity shares, investing in Bank Deposits, to
develop Fixed Assets, etc.
Proceeds of joint ventures, associates, disposal of fixed assets, Investments, Subsidiaries,
dividend Investments, dividend mutual funds, bank deposits, issue of equity and Prefer-
ence shares, sale of business etc.
Purchase of associates, fixed assets, Equity and Preference Shares, Government securi-
ties, intangible fixed assets, investment properties, subsidiaries etc.
20
26. Configure List of Accounts
Repayment of long & short-term borrowings from banks, related parties etc.
Share issue Expenses and debt issue expenses.
The Cash Flow Statement with Previous Year Amount details appears as shown:
Figure 2.17 Completed Cash Flow Statement
If the company has previous year data, then the data can be loaded using the option
F3: Previous Cmp. The previous year closing balances will be displayed in
Previous Year Amount column.
21
27. Configure List of Accounts
2.3.2 Disclose Details in Cash Flow Statement Manually or Auto Fill
Company can disclose the Cash Flow details by manually entering the Value or by selecting the
applicable ledgers to auto-fill the values.
Let us take a scenario where ABC Company has to disclose details of Purchase of Intangible
Fixed Assets during the Period.
In this case to auto-fill the value,
In Reporting Year column tab down to Purchase intangible fixed assets field and click on S:
Show Ledger button or press Alt+S keys to view the List of Ledgers. By default the List of
Ledgers screen displays the ledgers grouped under Bank Account.
From List of Ledgers screen select the Bank Current Account Ledger to view the List of Trans-
actions for selected Ledger screen.
Figure 2.18 Selection of Bank Ledger
In List of Transactions for Selected Ledger screen, select the appropriate transaction (use
spacebar to select the transaction) and press enter.
Figure 2.19 List of Transactions of Selected Bank Ledgers
22
28. Configure List of Accounts
The transaction amount will be displayed against the Ledger. Press Ctrl+A or click on A: Accept
button.
Figure 2.20 List of Ledgers with the Amount of Transaction Selected
Amount of Rs. 25,00,000 will be auto-filled automatically for Purchase intangible fixed assets
in the Amount column.
Figure 2.21 Cash Flow Statement with Auto-filled Amount
All the information for the Cash Flow Statement is mandatory and to be filled com-
pulsorily. If value is not available, then Zero (0) needs to be specified.
23
29. Configure List of Accounts
2.4 Select Previous Year Company
Click on F3: Previous Cmp. button or press Ctrl+F3 keys to load the Company having previous
years data.
Figure 2.22 Selection of Company with Previous Year Data
If MCA - Reports feature is not enabled for the Previous Year Data, while selecting the company
Tally.ERP 9 displays the message - MCA Reports are not enabled, do you want to enable?
Figure 2.23 Massage Displayed for Confirmation to Enable MCA Report feature for Previous Year Company
To load Previous Year company select Yes. On enabling, company will get loaded and displayed
in Previous Year Company field
24
30. Configure List of Accounts
Figure 2.24 Display of Previous Year Company Loaded
If the Multiple years data is in the same Company, then the Pervious Year
Company field will be changed to Previous Year Period and based on the based
on the Financial Year Beginning period the Previous Year Period will be displayed.
2.4.1 Restore Mapped List of Accounts
Restore option will revert all the List of Accounts mapping that the user has made for the
selected Group/Subgroup/Ledgers.
To restore list of mapping,
Click on F10: Restore or press Ctrl+F10 to restore the List of Accounts Configuration/mapping.
To revert the configuration of One or Few List of Accounts, first select the ledgers/Groups/sub-
groups using spacebar and then click on Restore button.
If the Restore option is used without selecting any of the ledgers/Groups/sub-groups, then system
will understand that the restore instruction is for all the List of Accounts and will display the
following message. On confirmation it will revert all the set mapping which you cannot undo.
Figure 2.25 Message to Restore All the Accounts
25
31. Configure List of Accounts
2.5 View Checklist
This report displays the details which are mandatory and the indication of completion of disclosure
of details. Before generating MCA reports, this report can be referred to check whether all the
information are disclosed. Click on L: Checklist or press Alt+L keys to view the check list for gen-
eration of Reports.
Figure 2.26 Check List for Generation of Reports
From this screen user can drill down to respective screens to disclose the details.
26
32. Configure List of Accounts
2.6 Configure Mandatory Information
For proper disclosure of financial reports, Registrar of Companies has defined the guidelines
where it has identified some of the Operating and Non-Operating Informations as Mandatory,
which has to disclosed in financial reports by all the registered companies.
In Tally.ERP 9 users can view the Mandatory Information to be captured in:
Balance Sheet
Cash Flow
Company Information
Profit and Loss Account
The mandatory informations will be automatically captured from the Books of Accounts main-
tained. Enterprises can configure the values/details of Mandatory Information as per the require-
ment to generate valid instance document.
To configure Mandatory Information,
Go to Gateway of Tally.ERP 9 > Display > Statutory Reports > MCA Reports > List of
Accounts
Click on M: Mandatory Info. or press Alt+ M to view Select Item screen
In Select Item screen, select the Report (e.g. Balance Sheet) from the List of Report
Names
2.6.1 Balance Sheet
The Mandatory Information for Balance Sheet screen is displayed as shown:
Figure 2.27 Mandatory Information – Balance Sheet
27
33. Configure List of Accounts
The mandatory taxonomy elements for balance sheet appears on the left side and current and
previous year amount for each mandatory taxonomy head appears on the right side of the report
along with the Current and Previous period details.
In Mandatory Information for Balance Sheet screen,
Values for the Taxonomy heads under Source of Funds and Application of Funds will
be automatically captured based on the List of Accounts configuration done.
For the taxonomy heads displayed under
Share Capital Details values will be captured automatically from Disclosure of Share
Capital
Details of Deposits, values will be captured automatically from Additional Information
Relating to Balance Sheet Items if details are disclosed in the respective Additional
Details screen.
To fill the mandatory info, select the Taxonomy head and click on F: FillMandatoryInfo button or
press Alt+F keys to view the applicable disclosure screen. In the Disclosure screen enter the
details and save.
Figure 2.28 Selection of Fill Mandatory Information option
28
34. Configure List of Accounts
In Disclosure of Share Capital screen enter the applicable details as shown and accept the
screen.
Figure 2.29 Disclosure of Mandatory Information
All the taxonomy elements displayed in the Disclosure screen are mandatory. If
the fields are empty, Tally.ERP 9 will not allow to continue to define other details and
save the Disclosure.
29
35. Configure List of Accounts
After filling the mandatory Share Capital Details, the Mandatory Information for Balance Sheet
screen appears as shown:
Figure 2.30 Mandatory Information filled Balance Sheet Screen
If any of the Mandatory Information is not applicable or doesn't have value, then it
is must to fill with Zero to generate valid MCA Reports.
To fill Zero, press Alt+Z or Click on Z: Set Zero button. On performing the opera-
tion, Zeros will be filled to the mandatory informations without Value.
30
36. Configure List of Accounts
2.6.2 Cash Flow Statement
In Cash Flow Statements all the fields are mandatory. The Cash Flow Statement configured from
MCA-XBRL Master Configuration screen will be displayed here. From this screen, you cannot
enter/specify the amount to taxonomy elements. However this can be sued as a second check to
see that all taxonomy elements carry amount and can compare the amount entered in cash flow
statement with Default Cash Flow.
Figure 2.31 Cash Flow Statement
31
37. Configure List of Accounts
2.6.3 Company Information
This screen displays the mandatory taxonomy elements in Company Information screen.
Figure 2.32 Company Information Screen
To fill the mandatory Company Information, click on F: Fill MandatoryInfo button or press Alt+F
keys to view General Information screen. In General Information screen enter the details and
save.
32
38. Configure List of Accounts
2.6.4 Profit and Loss Account
In Profit and Loss Account all the fields are mandatory. The Profit and Loss Adjustments &
Appropriations done from MCA-XBRL Master Configuration screen will be displayed here. From
this screen, you cannot enter/specify the amount to taxonomy elements. However this can be
sued as a second check to see that all taxonomy elements carry amount, if not configure the
same in Profit and Loss Adjustments & Appropriations screen.
If any of the Mandatory Information is not applicable or doesn't have value, then Zero to be filled
for the mandatory information without value. To fill Zero, press Alt+Z keys or click on Z: Set Zero
button. On performing the operation, Zeros will be filled to the mandatory informations without
Value.
Figure 2.33 Profit & Loss Account
33
39. Configure List of Accounts
2.6.5 Show Unmapped List of Accounts
This report displays the Groups/Sub-Groups/ledgers which are not mapped.
Click on S: Show Unmapped or press Alt+S keys to view the unmapped Group/Sub-groups/
Ledgers. Press Alt+F1 to view the unmapped List of Accounts.
Figure 2.34 Display of Unmapped List of Accounts
34
40. Lesson 3: Configure Additional Details
On broad sense, Additional Details contains operational and general information with respect to
Financial and Non-financial dealing, along with Auditor and Director Reports details.
To Provide the Additional Details,
Go to Gateway of Tally > Display > Statutory Reports > MCA Reports > Additional Details
Figure 3.1 Additional Details Screen
The Additional Details are categorized into 38 different heads.
Applicable Report: Gives the information about the report to which the additional informa-
tions are applicable. By default few of the additional details are identified with the report
and for the un-identified additional details specify the applicable report.
Status: Displays the information disclosure completion status for each Additional Details as
entered using the F9: Status button.
35
41. Configure Additional Details
3.1 General Information
Under General Information, specify company’s general information such as Name, Address,
Corporate Identity Number, Permanent Account Number (PAN), Type of Industry, nature of Report
– Standalone/Consolidated, presentation Currency (Currency in which the financial reports are
presented), Level of Rounding, Type of Balance Sheet, Profit & Loss Statement and Cash Flow
Statement and other related information.
Name of Company: The Mailing Name entered in the Company Creation screen is cap-
tured in Name of Company field.
Corporate Identity Number: Enter the Corporate Identity Number issued by the Ministry
of Corporate Affairs.
Corporate Identity Number is a 21- digit number assigned to every company
incorporated on or after November 1, 2000. The Corporate Identity Number allotted
to a company indicates listing status, economic activity (industry), state, year of
incorporation, ownership and sequential number assigned by Registrar Of
Companies (Registration Number).
1st Digit Listing Status (if Listed starts with L and if Unlisted starts with U)
Next 5 Digits Economic Activity (Industry Code)
Next 2 Digits State (KA- Karnataka)
Next 4 Digits Year of Incorporation (2001)
Next 3 Digits Ownership (PLC for Public Limited Company & PTC for Private
Limited Company)
Last6 Digits Sequential Number assigned by ROC (Registration Number -
090635).
Tally.ERP 9 checks the Number of digits entered in this field. If the number entered in less than 21
digits it displays the error - CIN should be Equal to 21character and will not allow the user to
proceed till the number entered is corrected to 21digits.
Figure 3.2 Error for Wrong CIN
If this field is empty, Tally.ERP 9 will not allow to proceed to define other details
such as Type of Industry, Reporting method and save the General Information.
36
42. Configure Additional Details
Permanent Account Number (PAN) of the Entity: The PAN/Income -Tax number entered
in F3: Statutory & Taxation features screen will be captured here.
Address of registered office of Company: The Address entered in Company Creation
screen will be captured here.
Website: Enter the Company's Website address in this field.
Type of Industry: In this filed, select the appropriate Industry Type.
Figure 3.3 Type of Industry List
The Type of Industry List displays the industry Types – Bank, Commercial &
Industrial, Insurance, NBFC and Power for selection.
Under Disclosure of Document Information, enter the details of Date of Board meeting
when final accounts were approved, Reporting period Starting & Ending Date.
Nature of report - Standalone/Consolidated: Depending on reporting method followed
by the company select Standalone or Consolidated in this field.
Figure 3.4 Nature of Report
The Mandatory Information to be disclosed will vary depending on the Nature of
Report (Standalone/Consolidated) followed.
For example, company is following consolidated system of reporting. Then it has
to disclose the details of subsidiaries, associates etc.
Contents of Report: In this field mention the brief content of the Report.
Description of Presentation Currency: In this field, company can select the appropriate
Currency in which the financial statements are presented from the List of Currencies.
Level of Rounding used in financial statements: Company can select the applicable
level of rounding – Actual, Billions, Crores, Lakhs, Millions and Thousands from
Rounding of Currency list.
37
43. Configure Additional Details
Type of Balance Sheet: Company can select Sources and Application of Funds [Verti-
cal Format] or Total Assets and Liabilities [Horizontal Format] as applicable.
Type of Profit and Loss Statement: Select Alternative or Main as the applicable P& L
Type.
Type of Cash Flow Statement: For Cash Flow Statement, select the Direct Method or
Indirect Method as followed by the companies.
SRN (Service Request Number): Every request submitted on MCA portal is identified by a
unique number known as the Service Request Number (SRN). It is a nine character alpha-
numeric string starting with an alphabet (A-Z) which is printed on the top left hand side of a
Receipt or Challan. SRN will be used for all future correspondence with MCA.
SRN of Form 66: In this field mention the Service Request Number obtained during sub-
mission of Form 66.
The completed General Information screen appears as shown:
Figure 3.5 Completed General Information Disclosure Screen
The Fields indicated with * are mandatory fields to generate valid XBRL Instance
Document.
38
44. Configure Additional Details
3.2 Details of Inventories
In Details of Inventories, specify the information of Opening, Closing, Purchases of Raw Materi-
als, Packing Materials, Stores Spares, Other Materials consumed during Current Year and
Previous Year. Here, you can also disclose the details of Cost of Traded Goods, Increase/
Decrease in Finished Goods, Work-in Progress, other inventories, Excise Duty inventories etc
and consumption of Raw materials, packing Materials, Store Spares etc.
In this screen you can disclose the changes in Inventory in Profit & Loss Account and Balance
Sheet separately.
Figure 3.6 Details of Inventories Disclosure Screen
If the Company was operating in the Previous Year, then it is mandatory to provide
Previous Year's Inventory details.
39
45. Configure Additional Details
3.3 Details of Turnover
In Details of Turnover screen, disclose the details of Revenue from services, Contract and
Sale of Goods (Domestic & Exports).
Figure 3.7 Details of Turnover Disclosure Screen
3.4 Accounting Policies and Basis of Presentation
As per Accounting Standard (AS) 1, all significant policies adopted in the preparation and presen-
tation of financial statements should be disclosed at one place and should form part of the
financial statements.
It’s usual to furnish a summary of the accounting policies in respect of the following areas:
Accounting Convention Borrowing Cost
Basis of Accounting Proposed Dividend
Fixed Assets Retirement Benefits
Depreciation Lease Rentals (Lease Income)
Revaluation of Assets Research and Development Costs
Investments Taxes on income
Inventories Foreign currency translation Claims
Revenue Recognition Segment Reporting
Investment Income Financial and Management Information Systems
Intangible assets
40
46. Configure Additional Details
In Accounting Policies and Basis of Presentation, you can enter the details of policies adopted
in the preparation and presentation of financial statements of your company.
1. Company can disclose the both Accounting Policies and Basis of Presentation details, by
setting the field Provide complete details in a text block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path.
To Copy and Paste or Type the information click on T: Write Text button or press
Alt+T keys
Figure 3.8 Selection of Write Text Option
On selecting Write Text option by clicking on T: Write Text button or pressing Alt+T to
display information in plain text in report Tally.ERP 9 will prompt you for confirma-
tion.
41
47. Configure Additional Details
Figure 3.9 Prompt to Remove HTML Display
On selecting Yes, the HTML display gets changed to Text Block where you can enter
the information.
Figure 3.10 Text Block Enabled Disclosure Screen
42
48. Configure Additional Details
On Copy and Paste or Typing the information in the Text Block, the disclosure screen
is displayed as shown:
Figure 3.11 Disclosure of Accounting Policies and Basis of Presentation Screen
On attaching the Word file by specifying the word file path the disclosure screen is dis-
played as shown:
Figure 3.12 Disclosure Screen on Attaching the Word File
43
49. Configure Additional Details
In Word Doc File Path field, mention the path, word file name with the file exten-
sion.
OR
2. Disclose Basis of Presentation and Accounting Polices separately by setting the option
Provide complete details in a text block (given above the respective taxonomy elements) to
Yes.
OR
3. If the Company is not interested in disclosing Accounting Policies and Basis of Presentation
details in the text block, then the information can be entered in appropriate taxonomy elements.
The completed Accounting Policies and Basis of Presentation screen appears as shown:
Figure 3.13 Completed Accounting Policies and Basis of Presentation Disclosure Screen
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
44
50. Configure Additional Details
3.5 Changes in Accounting Policies and Estimates
In Changes in Accounting Policies and Estimates configuration, enter the details of changes in
Accounting Policies and Estimates during the Financial Year along with the reason and impact of
changes.
1. Company can disclose Changes in Accounting Polices and Estimates details, by setting the
field Provide complete details in a text block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path.
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
OR
2. If the Company is not interested in disclosing Changes in Accounting Policies and
Estimates details in text block, then the information can be entered in appropriate taxonomy
elements.
The completed Changes in Accounting Policies and Estimates screen appears as shown:
Figure 3.14 Completed Changes in Accounting Policies and Estimates Disclosure Screen
If information is not disclosed in the text block, then it is mandatory to enter details for all the
taxonomy elements.
45
51. Configure Additional Details
3.6 Events occurring after Balance Sheet Date
Accounting Standards (AS) 4, deals with the disclosure of contingencies and the events occurring
after the balance sheet Date. In Events after Balance Sheet Date, enter the details of contingen-
cies/events occurred after the Balance sheet date along with the details of estimated amount of
effect and the statement of inability to estimate the effect.
Figure 3.15 Events occurring after Balance Sheet Date Disclosure Screen
1. Company can disclose Events after Balance Sheet Date details, by setting the field Provide
complete details in a text block to Yes.
Users can disclose the details in Text block (Type/ Copy & Paste) or attach the Word file
by specifying the word file path.
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
OR
2. If the Company is not interested in disclosing Events after Balance Sheet Date Details in text
block, then the information can be entered in appropriate taxonomy elements.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
46
52. Configure Additional Details
3.7 Foreign Exchange Transactions
An entity may carry on foreign activities in two ways. It may have transactions in foreign curren-
cies or it may have foreign operations. In addition, an entity may present its financial statements in
a foreign currency. The principal issues faced in case of foreign currency transactions are which
exchange rate(s) to use and how to report the effects of changes in exchange rates in the
financial statements.
Accounting Standard (AS) 11 prescribes the procedure to include foreign currency transactions
and foreign operations in the financial statements of an entity and how to translate financial state-
ments into a presentation currency.
In Foreign Exchange Transactions screen enter the details of Forex transactions and the
foreign operation carried out by the company.
1. Company can disclose Foreign Exchange Transactions details, by setting the field Provide
complete details in a text block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path. OR
2. If the Company is not interested in disclosing Foreign Exchange Transactions details in text
block, then the information can be entered in appropriate taxonomy elements.
The completed Foreign Exchange Transactions screen appears as shown:
Figure 3.16 Foreign Exchange Transactions Disclosure Screen
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
47
53. Configure Additional Details
3.8 Government Grants and Subsidies
Accounting Standard (AS) 12, deals with the accounting of Government Grants (subsidies, Cash
incentives, Duty Drawbacks etc.). If a government grant is received, preparation of financial state-
ments becomes significant for an enterprise, as it is necessary to give an indication of the extent
of development from such grant during the reporting period.
In Government Grants and Subsidies screen mention the details of methods of presentation of
financial statement, Nature of Grants, non-monetary assets given at concessional rate and Free
of Cost and Contingencies related to Grants.
Figure 3.17 Government Grants and Subsidies Disclosure Screen
1. Company can disclose Government Grants and Subsidies details, by setting the field
Provide complete details in a text block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path.
OR
2. If the Company is not interested in disclosing Government Grants and Subsidies details in
the text block, then the information can be entered in appropriate taxonomy elements.
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
48
54. Configure Additional Details
3.9 Amalgamation
Accounting standard (AS) 14, deals with accounting for amalgamations and the treatment of
resultant goodwill and reserves. As per this Accounting Standard, companies have to disclose the
details of amalgamations if any, during the reporting period.
In Amalgamation screen, enter the details such as Name, Country of Incorporation, CIN Number
of amalgamating Co., effective date of amalgamation, method of accounting, accounting
Treatment given to Reserves, number of shares issued in scheme of amalgamation etc.
In this screen, you can disclose amalgamation details of more than one Amalgamating company.
Once you enter the First amalgamating company name the provision to enter Second amalga-
mating company details will be displayed.
Figure 3.18 Amalgamation Related Disclosure Screen
1. Company can disclose Amalgamation details, by setting the field Provide complete details
in a text block to Yes.
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path. OR
2. If the Company is not interested in disclosing Amalgamation details in the text block, then the
information can be entered in appropriate taxonomy elements.
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
49
55. Configure Additional Details
3.10 Employee Benefits
As per accounting standards (AS) 15, companies are required to disclose the details of employee
benefits and the accounting policies followed to account the employee benefits during the
reporting Year.
In Employee Benefits information, enter the details of present value of benefit plan obligation,
present value, changes in present value, estimate of employer for contributions expected for the
plan, amalgamations defined benefit plans etc.
1. Company can disclose Employee Benefits details, by setting the field Provide complete
details in a text block to Yes.
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path. OR
2. If the Company is not interested in disclosing Employee Benefits details in the text block, then
the information can be entered in appropriate taxonomy elements.
The completed Employee Benefits screen appears as shown:
Figure 3.19 Employee Benefits Disclosure Screen
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
50
56. Configure Additional Details
3.11 Segment Reporting
Many enterprises provide groups of products or services or operating in different geographical
areas with the different levels of profitability, opportunity for growth and risks. The information
about different geographical areas is called - Segment Information. An organization cannot
assess the risks and returns of multi-locations from the aggregated data. Under Accounting
Standard (AS) 17, Entity's operating in multi-locations have to disclose the details of segment
name (Primary & Secondary), revenue, accounting policies, changes in accounting policies,
expenses etc.
In Segment Reporting screen, enter the details of entity's reportable segments, factors used to
identify segments, nature of differences between measurements of profit or Loss, assets and Lia-
bilities of reportable segments and entity's.
Figure 3.20 Segment Reporting Screen
1. Company can disclose Segment Information details, by setting the field Provide complete
details in a text block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path.
OR
2. If the Company is not interested in disclosing Segment Information details in the text block,
then the information can be entered in appropriate taxonomy elements.
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
51
57. Configure Additional Details
3.11.1 Primary Segments
n Primary Segments configuration, specify the details of Name, Revenue and Expenses of
primary reportable segments.
In this screen, you can disclose details of more than one Primary reportable segment. Once you
enter the First Primary reportable segment name the provision to enter second Primary reporta-
ble segment details will be displayed.
Figure 3.21 Primary Segment Related Disclosure Screen
The Fields indicated with * are mandatory fields to generate valid Instance
Document.
52
58. Configure Additional Details
3.11.2 Secondary Segments
In Secondary Segments configuration, specify the details of Name, Revenue, Assets and
Additions to Non-current Assets of primary reportable segments.
Figure 3.22 Secondary Segment Related Disclosure Screen
All fields in this screen are mandatory, need to be filled compulsorily to generate
valid Instance Documents.
3.12 Related Parties
Under Accounting Standards (AS) 18, details of related party relationships (Holding Company/
Subsidiary) and transactions between a reporting enterprise and its related parties have to be dis-
closed.
In Related Parties, disclose the details of whether the reporting company is subsidiary company
or not, under which section the company is subsidiary, Name, Country of Registration and CIN of
Holding Company.
1. Company can disclose Related Parties details, by setting the field Provide complete details
in a text block to Yes.
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path.
OR
2. If the company is not interested in disclosing Related Parties details in the text block, then the
information can be entered in appropriate taxonomy elements.
53
59. Configure Additional Details
The completed Related Parties screen appears as shown:
Figure 3.23 Related parties Disclosure Screen
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
3.12.1 Related Party Transactions
In Related Party Transactions enter the details such as Name of Related Party, Country of
Incorporation, PAN, CIN of Related party, Nature of related party relationship along with Amount,
Provisions for doubtful debts, guarantee given or received of outstanding balances for related
party transactions.
While disclosing Related Party Transaction details in taxonomy elements, in Name of Related
Party field, Tally.ERP 9 will display the Sundry Debtors ledgers which are configured for Related
Parties. On selection of Related Party ledger, the respective details will be automatically field in
the appropriate fields.
Figure 3.24 Related Party Transactions Disclosure Screen
54
60. Configure Additional Details
To configure the ledgers as Related Parties, in Ledger Creation/Alteration screen
press F12 key or click on F12: Configure and set the option Use Other Informa-
tion for Ledger Accounts to Yes.
In Ledger Creation/Alteration screen, under Other Information section set the
option Is Related Party to Yes.
In Related Party Details specify the Nature of Relationship, Country of Resi-
dence, Identification No. and Issuing Authority details.
2. In Related Party Transactions screen, the fields marked with * are mandatory
fields and needs to filled compulsorily to generate valid instance document.
55
61. Configure Additional Details
3.13 Leases
Accounting Standard (AS) 19 prescribes the appropriate accounting policies and disclosures in
relation to finance and operating leases for lessees and lessors. As per this Accounting Standards
reporting entity has to disclose the details of leases if any during the reporting period.
In Leases information, enter the details of Financial Leases and Operation Leases for Lessor and
Lessee as applicable.
1. Company can disclose Leases details, by setting the field Provide complete details in a text
block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path. OR
2. If the company is not interested in disclosing Leases details in the text block, then the informa-
tion can be entered in appropriate taxonomy elements.
The completed Leases screen appears as shown:
Figure 3.25 Leases Disclosure Screen
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
56
62. Configure Additional Details
3.14 Earnings per Share
Accounting Standard (AS) 20 prescribes the principles for the determination and disclosure of
Earnings Per share. As per the AS requirement reporting companies have to disclose the basic
and diluted earnings per share with other related information like the number of shares used for
calculation of Basic earnings per share, nominal value of shares etc.
In Earning Per Share information enter the details of Net Profit attributable to equity shareholders
basic/ diluted, Number of shares used for basic/dilutive earnings per share.
1. Company can disclose Earning Per Share details, by setting the field Provide complete
details in a text block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path. OR
2. If the company is not interested in disclosing Earning Per Share details in the text block, then
the information can be entered in appropriate taxonomy elements.
The completed Earnings per Share screen appears as shown:
Figure 3.26 Earnings Per Share Disclosure Screen
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
57
63. Configure Additional Details
3.15 Subsidiary Information
In case the reporting company has any subsidiaries, such subsidiary companies details like
Name, Country of incorporation, CIN, Section under which the company became subsidiary,
whether the company has filed the Balance Sheet, if No reason for not filing, SRN of filing Balance
sheet, Assets, liabilities, Reporting Currency, the financial Year followed, exchange Rate as appli-
cable, Share Capital, Reserves & Surplus etc. of subsidiary can be entered under Subsidiary
Information.
1. Company can disclose Subsidiary Information details, by setting the field Provide complete
details in a text block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path. OR
2. If the company is not interested in disclosing Subsidiary Information details in the text block,
then the information can be entered in appropriate taxonomy elements.
To fill the details under Details of Subsidiaries, set the option Whether the company has subsidi-
ary companies to Yes. If this option is No, the cursor will not move to any of the field in this screen.
Figure 3.27 Subsidiary Information Disclosure Screen
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
58
64. Configure Additional Details
Guarantee by Company
If the reporting company has given the guarantee for the loans borrowed by the Subsidiary, in
Subsidiary Information, enable the option Guarantee given for loans borrowed by subsidiary
to Yes to view Guarantee by Company screen.
In Guarantee by Company information, details of guarantee given by the Company for the loans
borrowed by subsidiary. Here, the information’s likes the name of subsidiaries (who have
borrowed the loan), Name of Guaranteed Party, CIN of Guaranteed Party and the Amount Guar-
anteed on Loan Borrowed by subsidiary can be disclosed.
Figure 3.28 Guarantee By Company Disclosure Screen
Guarantee by Subsidiary
If the subsidiary of a company has given the guarantee for the loans borrowed by the Company, in
Subsidiary Information, enable the option Guarantee by subsidiary for loans borrowed by
company to Yes to view Guarantee by Subsidiary screen.
In Guarantee by Subsidiary information, details of guarantee given by the Subsidiary for the
loans borrowed by company. Here, the information’s likes the name of company (who have
borrowed the loan), Name of Guaranteed Party, CIN of Guaranteed Party and the Amount Guar-
anteed on Loan Borrowed by company will be captured.
Figure 3.29 Guarantee By Subsidiary Disclosure Screen
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65. Configure Additional Details
3.16 Deferred Tax Assets and Liabilities
Under Accounting Standard (AS) 22, every enterprise has to disclose the details of deferred tax
assets and liabilities. In Deferred Tax Assets and Liabilities information, enter the details of
deferred asset/liability along with net non-current/current deferred tax asset/ liability, identification
of deferred asset/Liability, adjustments of deferred tax assets/liabilities, deferred assets/liability
not recognized and the supporting for recognition of deferred tax assets, unabsorbed depreciation
and carry forward losses.
1. Company can disclose Deferred Tax Assets and Liabilities details, by setting the field
Provide complete details in a text block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path. OR
2. If the company is not interested in disclosing Deferred Tax Assets and Liabilities details in
the text block, then the information can be entered in appropriate taxonomy elements.
The completed Deferred Tax Assets and Liabilities screen appears as shown:
Figure 3.30 Deferred Tax Assets and Liabilities Disclosure Screen
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block, then it is mandatory to enter details
for all the taxonomy elements.
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66. Configure Additional Details
3.17 Investment in Associates
Accounting Standard (AS) 23 prescribes the principles and procedures for accounting the invest-
ments in associates and disclosure of effects of the investments in associates on the financial
position and operating results of a group.
In Investment in Associates screen, information of associates in which the reporting company
has invested has to be disclosed. In this screen enter the amount invested in associations along
with the details of associations like Name, Country of Incorporation, CIN, Description of the asso-
ciates, Proportion of Ownership Interest, voting power in Associates, difference in accounting
policy followed, Reporting Date etc.
Figure 3.31 Investment in Associates Disclosure Screen
In this screen, you can disclose the investment details of more than one associate company.
Once you enter the First associate company name the provision to enter second associate
company details will be displayed.
1. Company can disclose Investment in Associates details, by setting the field Provide
complete details in a text block to Yes
Users can disclose the details in Text block (Typing/ Copy & Paste) or attach the Word file
by specifying the word file path. OR
2. If the company is not interested in disclosing Investment in Associates details in the
text block, then the information can be entered in appropriate taxonomy elements.
Click on T: Write Text button or press Alt+T keys to get the Text Block to Write
Text.
If information is not disclosed in the text block then, it is mandatory to enter details
in taxonomy elements indicated with *.
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