Derivatives

asked 45 mins ago

Case 1 : I'm borrowing 1M $ for 6M @ MRR,3M from now Case2: I'm borrowing 1M$ for 6M @ fixed rate, 3M from now To hedge intrest rate risk in both the case can I enter an FRA ad a fixed rate payer???

latest answer

No answers yet!!

Dhakshana Dhakshana

CFA L1

★ 18K+

0

17

PGBP

answered 4 mins ago

are companies allowed to declare presumptive income under section 44AD/44ADA

latest answer

No

Niveta Rajkumar

CA Inter

★ 5K+

1

13

Prepaid rent

answered 9 hrs ago

Why does prepaid rent included in the cost of current year's product. Also the entry for prepaid rent is prepaid rent to bank right in current year then the production control account is credited... Please clarify?

latest answer

The rent paid is debited to production oh control account. If there is anything pre paid at the end of the year , we will deduct it from cost by crediting production control account. If there is anything pre paid at the beginning of the period and relates to current year we will debit the production control account and include in cost

07- Issac Jolly-XII C

CA Inter

★ 13K+

1

32

ETHICS

answered 20 hrs ago

Several years ago, Hilton and Ross, a full service investment firm, managed the initial public offering of eCom, Inc. Now, eCom wants Hilton and Ross to underwrite its secondary public offering. A senior manager at Hilton and Ross asks Brent Whitman, CFA, one of its equity analysts, to write a favorable research report on eCom to help make the underwriting a success. Whitman conducts a thorough analysis of eCom and concludes that the company has serious problems that do not suggest a favorable financial outlook. Nevertheless, Whitman writes a favorable report because he is fearful of losing his job. Hilton and Ross publicly distribute a report that only contains a buy recommendation and a brief description of the basic characteristics of eCom. Whitman has violated: A) Both Standard I(B) Independence and Objectivity and Standard V(A) Diligence and Reasonable Basis. Correct Answer B) Standard I(B) Independence and Objectivity, only. Incorrect Answer C) Standard V(A) Diligence and Reasonable Basis only. Incorrect Answer why is option B NOT the ans cuz in this case whitmen Several years ago, Hilton and Ross, a full service investment firm, managed the initial public offering of eCom, Inc. Now, eCom wants Hilton and Ross to underwrite its secondary public offering. A senior manager at Hilton and Ross asks Brent Whitman, CFA, one of its equity analysts, to write a favorable research report on eCom to help make the underwriting a success. Whitman conducts a thorough analysis of eCom and concludes that the company has serious problems that do not suggest a favorable financial outlook. Nevertheless, Whitman writes a favorable report because he is fearful of losing his job. Hilton and Ross publicly distribute a report that only contains a buy recommendation and a brief description of the basic characteristics of eCom. Whitman has violated: A) Both Standard I(B) Independence and Objectivity and Standard V(A) Diligence and Reasonable Basis. Correct Answer B) Standard I(B) Independence and Objectivity, only. Incorrect Answer C) Standard V(A) Diligence and Reasonable Basis only. Incorrect Answer why B is not right because whitmen before issuing a report he indeed done an extensive research on the company so he didt violate 5A....pls explain

latest answer

He conducted sufficient diligence but there was no basis for his recommendation

Dhakshana Dhakshana

CFA L1

★ 18K+

2

92

Illustration 45

asked 1 day ago

In our case, Rs 68000 being the service charge in illustration 45, as it is a single contract, why we did not included it in lease liability and why expensed out?

latest answer

No answers yet!!

Hrishikesh Pradhan

CA Final

★ 3K+

0

117

ethics

answered 1 day ago

John McNeal, CFA, has a friend named Stan Green, a journalist at Investment News, a weekly magazine. In one of their conversations, Green tells McNeal he has written an article about undisclosed financial problems at Brightstar Company. Green says the article will appear in the issue of Investment News that will be released tomorrow. According to the Standards, McNeal: A) may not act on this information. Correct Answer B) should ask Green to disseminate the information immediately. Incorrect Answer C) may act on this information because it is in the process of becoming public. why is option b not the ans??if a person recive material non public info he should 'NOT' act on it right its not MAY not act and also he should tell the the firm to make the material non public info public this is what is learned pls explain

latest answer

Public info

Dhakshana Dhakshana

CFA L1

★ 18K+

1

127

ethics

answered 1 day ago

Fred Dean, CFA, has just taken a job as trader for LPC. One of his first assignments is to execute the purchase of a block of East Street Industries. While working with East Street on an assignment for his previous employer, he learned that East Street's sales have weakened and will likely be significantly below the LPC analyst's estimate, but no public announcement of this has been made. Which of the following actions would be the most appropriate for Dean to take according to the Standards? A) Contact East Street’s management and urge them to make the information public and make the trade if they refuse. Correct Answer B) Post the information about the drop in sales on an internet bulletin board to achieve public dissemination and inform his supervisor of the posting. Incorrect Answer C) Request that the firm place East Street’s stock on a restricted list and decline to make any trades of the company’s stock. why is option A correct??and pls explain in what case a firm should place a stock on restricted list

latest answer

Material info

Dhakshana Dhakshana

CFA L1

★ 18K+

1

123

Offences and penalties

asked 2 days ago

Section 122(1A) and 122 (1B) is not taken

latest answer

No answers yet!!

Krishna prasad e

CA Final

★ 16K+

0

140

Regarding Exemption CA Inter 2nd Group

answered 2 days ago

I have Passed Group 1 in Old Syllabus, So now I only have to Paper 5 & 6 in New Syllabus (Auditing, FM SM) Can I get Exemption (1 Paper) in this Group, if yes how much I should score in next Attempt for 1 Paper 40 or 50.

latest answer

Thank You Sir

Muhammed Sabith

CA Inter

★ 0

2

153

Branch Accounting

answered 7 hrs ago

c) -In this sum , How to find Gp in Trading A/C

latest answer

Which part of the preparation of Trading account are you stuck on?

Lathika

CA Inter

★ 6K+

1

135