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Leases
answered 19 hrs ago
Is it required to classify the Lease Liability for leases whose period is ending within the next financial year as current liability or no such classification required. Also please let me know, if required, which law or standard requires such classification.
latest answer
Ooh kk.. Thank you sir..
Valli Kotapati
CA Final
★ 5
7
41
IND AS 19
answered 1 day ago
Hi sir I have query in post employment benefits Defined contribution plan We are classifying PF payable by the employer as defined contribution plan under post employment benefits My query is PF payable by employer is expected to settled in 12 months right then why can't we classified under short term benefits and do accounting... Kindly clarify me sir
latest answer
Ok sir Thank you
Barani Tharan
CA Final
★ 112K+
4
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IND AS 41
answered on 25-Mar-23
How security dogs be accounted for as per IND AS They have a life of more than a year but are not for agricultural purposes How should we treat them sir
latest answer
Okay sir thank you
Valli Kotapati
CA Final
★ 5
2
39
Forex
answered on 24-Mar-23
Video 22. In video sir says margin will be added to bank's selling rate, where as in notes it is given margin will ne subtracted from bank's selling rate Please clarify
latest answer
Exactly it will always be adjusted in a way that the bank benefits. Will check the Notes and correct them if required immediately - thanks for highlighting them.
nazriya nasar
CA Final
★ 6K+
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IND AS 40 ILLUSTRATIONS NOTES Not available
asked on 19-Mar-23
Sir. pl send Ind AS 40 Illustrations Notes which is not available , only theory notes available. Thank You.
latest answer
No answers yet!!
Js Giri
CA Final
★ 0
0
33
Leases
answered on 18-Mar-23
In case of ROU assets whether a re estimate of discounting rate and present value of ROU asset and lease liability is required at regular intervals or no such estimate is necessary after the commencement of the lease
latest answer
Okay sir thank you
Valli Kotapati
CA Final
★ 5
2
50
IND AS 116
answered on 16-Mar-23
Hello sir, For example, assuming I own a company in any SEZ area and I have given a land along with infrastructure facilities for which I have paid an amount upfront. Infrastructure facilities include power supply, road etc., which is used by others too which will be a common asset. Can I consider these facilities as lease?
latest answer
Check control angle as well. So cant cover as leases
Suresh Avinash
CA Final
★ 2K+
5
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Depreciation start date for tools not yet put to use having useful life of more than one year
answered on 17-Mar-23
When to start the depreciation calculation for tools and spares having useful life of more than one year i.e. 1year 1month and are not yet put to use Is that ready to use concept only., and if so, what if, the asset i.e stores and tools got depreciated before put to use
latest answer
Okay sir thank you
Valli Kotapati
CA Final
★ 5
2
54
Financial Instruments
answered on 22-Mar-23
Can someone please explain revised interest computation? Illustration. 32
latest answer
Calculate PV at 10% and 13% and use the IRR formula you have learned in Financial Management.
Mansi Kamble
CA Final
★ 0
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IND AS-38, Intangible assets
answered on 14-Mar-23
Good afternoon sir! In illu-16, the "in-process research project" does not give FEB when acquired unless further development madei.e.., it is not an intangible asset...even if don't consider as seperate IA as you told we will consider as Goodwill for Goodwill we will consider only Rs 5 lakh which is over and above of FV of tangible assets. So, why can't we account 5 lakhs as Goodwill on acquisition and recognise IA when it met the recognition criteria in buyer books as a new IA??can you please explain me once sir??
latest answer
Thank you sir😊
Priya Bhimani
CA Final
★ 7K+
2
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