In the product
Statutory templates
Schedule III formatting and the notes, produced from approved templates.
Management performance measure
A subtotal a company uses publicly to describe its own performance, which the accounting standards do not define. Adjusted EBITDA is the familiar one.
Adjusted EBITDA and underlying profit are the familiar examples. Under Ind AS 118 they move into the notes, with a reconciliation to the nearest required subtotal and an explanation of why management considers the measure useful.
That is the change worth noticing: the measure stops being marketing and becomes audited disclosure.
Also written: management-defined performance measures, adjusted EBITDA.
Related terms: Ind AS, Schedule III, MIS.
Written about
Ind AS 118: what changes in your profit and loss statement, and what doesn't
Ind AS 118 changes no number in your profit. It changes the shape of the statement: five categories, two new subtotals, audited measures.
Written about
Your adjusted EBITDA is about to be audited: management-defined performance measures under Ind AS 118
Under Ind AS 118, adjusted EBITDA moves into the audited notes with a reconciliation and a reason. What that changes for your reporting.
Written about
One definition of EBITDA: making MIS and audited measures agree
Two EBITDA numbers in one company is a definition problem, not a systems problem. How to write one rule, keep the variants named, and hold the bridge.