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Exam structure L2
CFA
answered on 25-Sep-26 09:53
Sir, which subjects form part of the 1st session and which are for 2nd session
latest answer
no fixed set up. can be changed anytime and are random as per cfa institute
Kaarthick Abishek
CFA L1
★ 0
2
31
Class Note
Financial Reporting
answered on 28-Sep-26 10:04
Please provide Board notes for this chapter. [Video Time Stamp: 11:12]
latest answer
PFA
Rahul Jaiswal
CA Final
★ 0
1
35
Simplified Approach
Financial Reporting
answered on 28-Sep-26 10:05
Sir, If Trade receivable= 1,00,000, In end of year 1, expected lifetime credit loss would be 20,000 , what journal entry the entity will pass in year end, did the whole ECL of 20,000 will be taken as exp and trade receivables reduced by 20,000 or some other treatments be done in year end. Kindly clarify [Video Time Stamp: 07:07]
latest answer
Journal Entry at Year End: Profit & Loss A/c (Impairment Loss) ... Dr. 20,000 To Loss Allowance for ECL A/c ... 20,000 (This is something like provision for bad debt) In Balance sheet net amount is presented.
Shinisha Rose R
CA Final
★ 5K+
1
26
tax on revaluation
Financial Reporting
answered on 28-Sep-26 10:08
if question specifies that the revaluation doesnt affect the taxable income then why are we still considering 45cr i,e revalued amount for the purpose of computing the DTL ? why we cant take the value of 38 ? [Video Time Stamp: 02:54]
latest answer
We revalued assets in our books. However for tax purpose the assets are not revalued(This is the meaning of it doest not impact the taxable income) Now a gain is recognised in the books for which there is no corresponding gain in tax. So for that gain, we recognise DTL - reason being that the difference due to revaluation will get reversed over the life of asset. (In books depreciation will be higher) So in summary, we are recognising the DTL on gain on revaluation portion.
Niranjan Bhat
CA Final
★ 10K+
2
32
goodwill DTA
Financial Reporting
answered on 28-Sep-26 10:08
How i will get to know whether to consider 30% or 40% tax rate as it is not mentioned whether u are calculating DTL for subsidiary or holding. ? [Video Time Stamp: 07:12]
latest answer
The goodwill is attributatble to subsidiary, hence 40%
Niranjan Bhat
CA Final
★ 10K+
1
32
Mutual funds entry load
AFM
answered on 24-Sep-26 17:30
In this question entry load added to given nav then dividing the investment amount,can we do like reducing entry load from investment amount then we will divide by nav value mostly the units are same
latest answer
No that is not technically right Entry load has to be added to NAV you will get minor variation. ICAI has solved in both methods So u may not lose marks
Seetha Ram
CA Final
★ 20K+
1
24
Doubt
AFM
answered on 24-Sep-26 19:00
Here the value of cu is 5.68 and not 5 .why we considering 5 [Video Time Stamp: 23:40]
latest answer
Anything is ok
pavan kumar
CA Final
★ 3K+
3
31
Baggage amendment
Indirect Taxation
answered on 27-Sep-26 14:09
Just wanted to know if the ammendment for Baggage applicable for Nov26 is uploaded anywhere
latest answer
Welcome
Niranjana Ajith
CA Final
★ 9K+
3
34
Illustration 45
AFM
answered on 24-Sep-26 06:38
Hi Sir, If we calculate Beta using the formula: β = (nΣXY − ΣXΣY) / (nΣX² − (ΣX)²) the Beta comes to –1.18. In this case, how should we choose the appropriate formula for calculating Beta? Could you please clarify when we should use this formula and when we should use the other Beta formula? [Video Time Stamp: 12:20]
latest answer
What did u take as x and y Share screenshot of working pls?
Pavan Naidu ca
CA Final
★ 320
1
26
modified approach
Financial Reporting
answered on 28-Sep-26 10:14
in this approch we wont consider 12% anywhere ? [Video Time Stamp: 20:30]
latest answer
No
Niranjan Bhat
CA Final
★ 10K+
1
31