Forums
Main Risks
CFA
answered on 28-Oct-25 08:33
Can the "Best alternative use" factor be considered a risk for timber land too? as except for timber the land cannot be used for other crop productions ? [Video Time Stamp: 08:20]
latest answer
Timber
Neekir n.c.v
CFA L1
★ 0
1
150
Fair Value
Financial Reporting
answered on 29-Oct-25 22:08
Sir, As on 15/09/X2 the fair value is 82,820. Why have we not considered this and recognized a gain as we are having carrying Amount as 87576.(97000 + 9800-19224)
latest answer
Yes sir.
K Vamshi
CA Final
★ 14K+
3
175
FIFO periodic inventory system
Financial Reporting
answered on 29-Oct-25 18:43
What wld be the inventory cost issued for sales. Else they don’t record the transactions (receipt and issue)on regular basis,as said in the class.? Such entries will not take place in stock register And not required for issuance cost,!
latest answer
In such cases purchases are recorded and inventory is adjusted by way of changes in inventory. It is not computed for each sale.
Reshma
CA Final
★ 570
1
194
NPV
AFM
answered on 27-Oct-25 20:40
There seems to be a calculation error while calculating the NPV of both project A and Project B. [Video Time Stamp: 08:24]
latest answer
👍
Shreyas Nayak
CA Final
★ 0
3
183
Audit Engagement Letter
Auditing
answered on 10-Nov-25 08:12
Mam, what will happen if the said audit letter which lacks the Term "Responsibility of Management" was issued and accepted by the client, and client without noticing such discripancy, appointed the auditor, and the auditor started his audit with no extra requirement to convey management's responsibility, because management is aware about thier responsibility and they fullfilled their responsibility without even getting acknowledged by auditor's engagement letter?. Besides, will there be any consequence for an auditor to skip the requirement of any such SAs. Which is unnotice by any authority [Video Time Stamp: 04:30]
latest answer
👍
Vinod Kumar
CA Inter
★ 11K+
3
191
Cash received in lieu of fractional bonus shares
Direct Taxation
answered on 04-Nov-25 17:47
Under which head it is taxable? Please explain it with the relevant provisions of income tax act?
latest answer
If it is cash compensation then it is taxable under IFOS.
Nisha M
CA Final
★ 2K+
3
228
Time stamp: 10.00 rule for separation
Financial Reporting
answered on 03-Nov-25 16:18
The graphics flow chart for "other" - it should not have a similar feature of Derivative. But there it is mentioned as it should have a feature of ED. [Video Time Stamp: 10:07]
latest answer
Will correct it.
Akshaya Vk
CA Final
★ 1K+
1
148
Financial statements illustration 3
Accountancy
answered on 27-Oct-25 18:10
Sir in this question other current liabilities is 67,500₹ in video but in TB it is 1,07,280₹ sir.. [Video Time Stamp: 20:05]
latest answer
Achha tq sir
Bhavani Hadpad
CA Inter
★ 5K+
2
196
Standard Deviation
AFM
answered on 27-Oct-25 14:48
While computing standard deviation in this question for security X it should be divided by n which is ✓1.3/5 right? Similarly in case of Security Y right. What is the reason for not considering n (number of values) in this case) [Video Time Stamp: 09:42]
latest answer
Thank you sir. Understood!
Shreyas Nayak
CA Final
★ 0
2
175
P&l
Accountancy
answered on 27-Oct-25 09:38
Can anyone explain me the p&L Item Changes in inventory. Of P&l item with simple example
latest answer
Raw material consumed is Opening stock of RM + Purchases of RM - Closing stock of RM. (Basically coming from Manufacturing account) Changes in inventory is used for finished goods.
Snehashis Mohanty
CA Inter
★ 35
5
249