What content of Disclosures should be provided for deviation of Accounting Standards?

All the concerned Enterprises should present the Items of the Financial Statements as per the Order made by the Court/ Tribunal. On November 17, 2004, the Council of ICAI has announced that if an Item in the Financial Statement of an Enterprise is treated differently, disclosures should be made in the Financial Statements of the year in which different treatment has been given.

And the disclosure should have the following

1. Description of the accounting treatment made along with the reason that the same has been adopted because of the Court/Tribunal Order.
2. Description of the difference between the accounting treatments prescribed in the Accounting Standard and that followed by the enterprise.
3. The financial impact, if any, arising due to such a difference.

And this about the description of the reasons, differences and impact that hold be enclosed in the disclosures of deviations from Accounting Standards in the Financial Statements of the Enterprise.