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Query on Exchange Position
AFM
answered on 21-Aug-25 09:40
Sir, is my interpretation mentioned below is correct?? 1) Exchange position does include the contracts where actual delivery might or might not occur. 2) Nostro account deals only with actual delivery of currency. 3) Overbought means my purchase of currency is more than my sale of currency. Denotes that i have balance in the account due to purchases. [Video Time Stamp: 07:30]
latest answer
Yes
Ranjith Belide
CA Final
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186
Lesson query
CFA
answered on 21-Aug-25 07:22
In the Schweser notes, the probability chapter only has 3 los (a,b,&c) but video contains los after c i.e los d,e,f,g etc what should be done and for the exam should i be concerned about Los d,e,f,g or just focus on Los a,b,c [Video Time Stamp: 21:30]
latest answer
Focus on notes. View videos once Videos have extra stuff which is moved to pre read
Neekir n.c.v
CFA L1
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131
Probability
CFA
answered on 21-Aug-25 07:09
Is set theory being used for the probability formulas? P(A or B) : P(A)+P(B) - P(AB) and is P(AB)=P(A) * P(B) [Video Time Stamp: 17:19]
latest answer
Yes—the union formula P(A or B) draws directly from set-theory principles applied to probability. the simple product P(A) × P(B) equals P(AB) only under the special condition of independence. If independence is not stated or cannot be assumed, you must use the conditional-probability version
Neekir n.c.v
CFA L1
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131
Illustration 23 - Operating lease
Financial Reporting
answered on 22-Aug-25 16:39
Sir, with respect to provision towards lease contract. Here the company will have both ROU Asset and lease liability in the books. We are creating the provision for ₹430 lakhs, how will be the entry? There is already lease liability in the books, do we create additional liability to the extent of ₹430 lakhs? Could you please explain.
latest answer
PV will be the lease liability (we are creating lease liability as per Ind AS 116). Here provision is in reference to lease liability.
Sai Eswar Kolli
CA Final
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141
Method
AFM
answered on 20-Aug-25 18:47
Sir, can we do as per the method in the notes given and present gain in DKK or we should also present gain in ₹ ? [Video Time Stamp: 15:23]
latest answer
Okay sir
Banu Priya
CA Final
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152
Query on Put Option
AFM
answered on 20-Aug-25 19:11
Sir, for deciding Put option or Call option can we follow below mentioned procedure: 1) In the illustration strike price is 1.7 USD/GBP. The forward rates are 1.5455-1.5609. Can i say the GBPUSD is going to fall in the span of 6 months and therefore , it is better to enter into Put option to sell @1.70. 2) And viceversa for Call option if GBPUSD price is expected to increase compared to strike price. [Video Time Stamp: 14:24]
latest answer
Understood sir
Ranjith Belide
CA Final
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159
Cost of Convertible debentures
Financial Management
answered on 20-Aug-25 19:34
In Eg-3 of ICAI material, Current Market price of Debentures is not given so we taken NP as 100. but if Current Market price of Debentures is given as 110 or 90. Do we have to take NP as 110 or 90 as mentioned ?
latest answer
FV is 100 is given right - use as proxy for issue price compare with conv value and take highest as RV NP will be assumed at FV
Harish Kumar
CA Inter
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170
Query on Money Market Hedge
AFM
answered on 05-Apr-26 23:31
Sir, in case of Money Market hedge, there are chances that we might go wrong in exam. So, is there any thumb rule or way to avoid mistakes in exam?? [Video Time Stamp: 09:48]
latest answer
ok sir, thank you
Ranjith Belide
CA Final
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195
term loan against fixed deposit
Accountancy
answered on 22-Aug-25 16:03
Sir if loan is obtained against FD, which was earlier under Cash and Cash equivalents, what would would be it's treatment thereafter? [Video Time Stamp: 16:06]
latest answer
ok
Rahul Anand
CA Inter
★ 6K+
2
163
SA 210: Agreeing with the terms of engagement / QUESTION NO.3 / lecture no.10
Auditing
answered on 21-Aug-25 15:10
Good Morning mam, The term Scope of AUDIT is completely different from the term Scope of AUDITOR. The scope of auditor is covered under auditor's responsibility, isnt it mam? In that case, there is a typo in the content projected in the screen which displays scope of auditor as separate point in the content of TOE even after showing auditors responsibility as a distinct point. [Video Time Stamp: 03:00]
latest answer
Yes. It’s scope of audit
Vinod Kumar
CA Inter
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141