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IND AS 19

Financial Reporting

answered on 29-Feb-24 10:10

A Liability comprising of actuarial loss or gain should be transferred to OCI (NR), but how come the option A is can be the answer? Am i missing anything here? Please clarify this doubt. Source : ICAI BOS MCQ Portal

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MCQ

Chandu vadla

Chandu vadla

CA Final

11K+

3

65

Ind AS 33- EPS

Financial Reporting

answered on 26-Feb-24 20:48

Hello Sir, In Illustration-10, why MTM loss is not considered for Income tax computation?

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Got it sir

Suresh Avinash

Suresh Avinash

CA Final

3K+

1

67

Ind As 40

Financial Reporting

answered on 27-Feb-24 09:47

Sir, if property is leased by subsidiary to parent then in standalone financial statements of subsidiary it will be shown as investment property and in the CFS it will be shown as PPE right?

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Yes

Swathi Krishna

Swathi Krishna

CA Final

8K+

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47

Illustration 16

Financial Reporting

answered on 23-Mar-24 22:51

There is no explanation for illustration 16 but in material we illustration 16

latest answer

Ok sir

Tejaswini Gowda

Tejaswini Gowda

CA Final

3K+

2

53

FINANCIAL INSTRUMENTS

Financial Reporting

answered on 26-Feb-24 19:40

SIR, I have a doubt. Incase of CCPS , the entity should complusorily convert the preference shares into equity shares at a later point of time. And it canbe considered as an obligation from the part of entityThen why it is saying that incase of CCPS there is no obligation to deliver other financial instrument? And why it is classified as equity?

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Thank you sir for the reply.

Shinu V

Shinu V

CA Final

300

2

63

Ind as 12 Deferred tax

Financial Reporting

answered on 02-Mar-24 22:40

Sir in question. 2: What will be the deferred tax treatment, If investment in subsidiary is carried at cost?

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Ok sir thank you sir

manideep martha

manideep martha

CA Final

10K+

2

46

Substantive Substitutional Rights

Financial Reporting

answered on 26-Feb-24 10:05

Whether it is considered as identified asset or not? if, at the inception of the contract it has been agreed (written in the agreement) that, if there is any future increase in the market price of the asset, the asset is going to be substituted.

latest answer

It wont be identified. However, such conditions are generally not put in lease agreement.

Gunda Sharan

Gunda Sharan

CA Final

0

1

53

What are not derivatives -part 2

Financial Reporting

answered on 26-Feb-24 14:52

Can a forward contract will be called as derivative contract but not covered under IND AS 109 ?

latest answer

Yes.

Hanumanthu Rajesh

Hanumanthu Rajesh

CA Final

7K+

1

57

Deferred tax - tax base

Financial Reporting

answered on 02-Mar-24 22:59

What will be the tax base for liability for warranty costs? Please explain sir.

latest answer

Thank you sir

manideep martha

manideep martha

CA Final

10K+

2

56

Availability

Financial Reporting

answered on 26-Feb-24 12:37

Will this free class be available to watch after February 27?

latest answer

Up to 28th Feb, it is available.

Muhammed Hijaz

Muhammed Hijaz

CA Final

0

1

52

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