Ind AS 109

answered on 27-Dec-23 13:45

When Loan is advanced to Subsidiary company at off-market terms, Loan amount above Fair Value of Loan is considered as deemed investment in equity. Whether such equity investment continue in the books even after the loan is completely repaid? Video Details Course: Financial Instruments - FR Module: Financial Assets, Financial Liabilities & Equity Section: Illustrations 11 - 13

latest answer

Yes

shamanth rm

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155

Query

answered on 27-Dec-23 11:18

Hi, in this illustration I am not able to understand why Rs. 10 Lacs deducted from total contracted price and apportioned. I a, unable to understand and applying 2 conditions (Adjustments) prsented in the input method. Video Details Course: Ind AS - CA Final Module: Ind AS 115 Revenue from Contract with Customers Section: Illustrations 69 - 70

latest answer

delivery of air conditioner does not involve significant work to be done. If we include that as a part of PO completed, revenue stated will be higher. Hence, it is considered separately. Logic is explained in the video.

Sai Krishna

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118

Doubt

answered on 27-Dec-23 11:22

Sir, What is the exact meaning of Normal Payment Terms as per IND AS 40. If it is exceed we have to charge the Finance Cost to P&L. Then what if not exceed the Normal Payment Terms. How do we find out? Please confirm. Video Details Course: Ind AS - CA Final Module: Ind AS 40 Investment Property Section: Deferred Payments & Exchange of assets & Illustration 3

latest answer

Normal payment terms is the normal credit period in the business.

Sai Krishna

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143

IndaAs-16 : illustration 1

answered on 18-Dec-23 15:57

Why we are not creating provision for interest in the first year? Video Details Course: Ind AS - CA Final Module: Ind AS 16 Property, Plant and Equipment Section: Illustration 3, 4 & 5 : Initial measurement

latest answer

We created at end of first year. Entry is also passed.

Shia Reciters

CA Final

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120

Ind AS 36

answered on 15-Dec-23 19:50

When goodwill is not included in CGU as it is not possible to allocate whether impairment loss of the CGU can be used to write off goodwill?

latest answer

Group of CGU with Goodwill.

shamanth rm

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122

IND AS 23

answered on 16-Dec-23 09:28

SIR, IN THE THIRD SITUATION OF EXAMPLE 3, DUE TO CAPITALISATION THE COST OF THE ASSET WILL INCLUDE THE BORROWING COST TOO. THIS ASSET WILL BE SHOWN IN THE CONSOLIDATED BALANCESHEET, THEN HOW CAN WE SAY THAT IN CFS THERE WON'T BE ANY CAPITALISATION? Video Details Course: Ind AS - CA Final Module: Ind AS 23 Borrowing Costs Section: Other Relevant Concepts

latest answer

Thank you sir

Umayal Lakshmanan

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168

FR Financial Instrument

answered on 18-Dec-23 14:54

In Module 37, the video is repetitive as Mod 35 even the duration doesn't match as mentioned. Please check

latest answer

The Videos are not repetitive and it is good from our end. Please refresh it and try again.

Priyanka Udeshi

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143

IND AS 23

answered on 06-Dec-23 20:02

What is interest bearing liability Video Details Course: Ind AS - CA Final Module: Ind AS 23 Borrowing Costs Section: Other Aspects

latest answer

Thankyou

Umayal Lakshmanan

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163

Ind AS 16

answered on 04-Dec-23 15:19

What is the journal entry when decommission liability decreases when asset is revalued up and revalued down

latest answer

Increase in liability - Dr. P&L unless revaluation surplus available Decrease in liability - Cr Revaluation surplus unless amount charged to P&L earlier.

shamanth rm

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155

Ind AS-40

answered on 04-Dec-23 15:20

Sir, In Illustration -1 For Below Mentioned Screenshot the answer is not there in E-lecture so i want clarify here If it is used for building is used for administartive purpose the measurement will be same but treatment will be done as per Ind-AS-16 isn't it?

latest answer

Answer will not change

Surya Prakash

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136