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Capitalisation of Int in Loan?
Financial Reporting
answered on 21-Jul-24 17:37
Sir Can we capitalise interest on loans only if paid ? Mere accrual of interest we cannot capitalise isn't it???
latest answer
Pls check para 18 in Ind AS
Surya Prakash
CA Final
★ 14K+
4
28
IND AS 38
Financial Reporting
answered on 22-Jul-24 12:22
If in the attached question software was 10 and robots were costed 4 cr then as significant amt was of software so entire 14 cr is recognised as intangible asset, it is correct sir
latest answer
Its not based on amount. Its based on nature.
R Yashwanth Kumar
CA Final
★ 71K+
3
43
Grant income
Financial Reporting
answered on 22-Jul-24 12:43
Government grant needs to be recognised on accrual basis. Hence, grant income to be recognised in year 1 will be 38333 and year 2 is 20000?
latest answer
Where did you get these numbers from.
Sugathan P.R
CA Final
★ 6K+
1
43
IND AS 109
Financial Reporting
answered on 18-Jul-24 17:24
Regarding Question No. 4 (a): In this question, should the prepaid employee cost be amortized over a period of 4 years or 7 years?
latest answer
7 years. THe service condition is 7 years.
kathiresh Kumar
CA Final
★ 15K+
3
47
Ind As 23- Illustration 12
Financial Reporting
answered on 22-Jul-24 12:43
Sir For the remaining specific Borrowing which is utilised on August 1, Why are we not taking 6 months (upto Jan 31) and taking full period of 10 months. And For General Borrowings we are taking the actual months of incurrence. Can you explain this rule sir?
latest answer
Well explained.
Vijay Ramesh
CA Final
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49
Title of Video
Financial Reporting
answered on 17-Jul-24 08:43
Sir, The illustration that is being solved in this video is Illustration No.16 of the text book, but it is wrongly titled Illustration.21
latest answer
We will upload revised PDF today
Antara MuraliKrishnan
CA Final
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1
56
Title of Video
Financial Reporting
asked on 16-Jul-24 07:10
Sir, Actually this video discusses questions that are not in the text. But it is titled as Illustrations 15 - 18.
latest answer
No answers yet!!
Antara MuraliKrishnan
CA Final
★ 3K+
0
49
Title of Video
Financial Reporting
answered on 16-Jul-24 07:09
Sir, Actually this video discusses Illustrations 14 & 15 in the text. But the title is Illustrations 19 & 20
latest answer
Thanks for highlighting. Will check and update
Antara MuraliKrishnan
CA Final
★ 3K+
1
56
Tax expense
Financial Reporting
answered on 15-Jul-24 12:01
Dear Sir/Madam, If different tax rates are applicable for 2 different financial years and some interim period falls in 1 FY and some interim period falls in another FY . Whether the WATR is calculated for 2 FY and the same is used for tax expense or the applicable rate for FY is considered. If calculation of WATR is not correct what is the reason
latest answer
You will calculate WATR for the FY
siva kumar
CA Final
★ 6K+
1
47
IND AS 16
Financial Reporting
answered on 04-Jul-24 15:14
If the company was not into construction of such assets for its customers, at what amt recognition would have been done
latest answer
Always at cost. Market price, price charged to customers is not relevant.
R Yashwanth Kumar
CA Final
★ 71K+
1
63
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