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Business
Financial Reporting
answered on 21-Jul-25 15:01
What does Substantive process means [video Time Stamp: 08:10]
latest answer
If there are no outputs at the acquisition date but if there are organised workforce and critical processes which sufficient to convert the inputs into future outputs, the process is deemed substantive.
Harshini Kanush
CA Final
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168
CA Final
Exams
answered on 21-Jul-25 14:01
Cleared CA Final. Thanks for the support provided through the forum.
latest answer
Congratulations & Best wishes!
Christeena Ambel
CA Final
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1
173
objectives of auditor
Auditing
answered on 22-Jul-25 10:07
what is mean by independence in appearence mam
latest answer
Audit enhances the credibility of financial statements. So it needs to be done by a person who is not connected to the business of the client which we refer are independent. So when he is actually not having any conflict, we call it to be independence of mind. But that’s not enough. Third party who is going to Rely on the FS should also believe that he is independent of the entity. So he needs to appear independent. Example- You might be very very independent and ethical. But if you do audit of ur parents business, third party will never trust. So here you fail in appearance.
21SCO08 mahalakshmi
CA Inter
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158
Login query
Others
answered on 21-Jul-25 10:54
I already logged in through my mobile, Can I logout in the mobile and login through my laptop with same mail ID sir?
latest answer
Yes
kaviya boominathan
CA Final
★ 430
1
167
Direct tax
Direct Taxation
answered on 22-Jul-25 14:05
For progresssive in nature it is higher the income higher the tax aand lower the income lower the tax .This is not the case with a regressive in nature right? [Video Time Stamp: 00:42]
latest answer
Ok Sir, Thank you
Elzabeth Britty PJ
CA Inter
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189
Contingent consideration or Compensation employee cost
Financial Reporting
answered on 21-Jul-25 11:21
In the last ex of TCS acq an another company 10 cr consideration is paid + addnl 2 Cr is payable if Two conditions are satisfied 1. Owners of that acquiree co work for 2 years and some amount of profit margin is achieved in 2 years In this case how we can primarly consider 2cr only as employee compensation cost ? what about another condition of profit margin? [Video Time Stamp: 08:59]
latest answer
Even when contingent payments are based on both employment and performance metrics, the requirement for continued employment dominates the classification. IF employment condition was not there then it would be purely for business acquisition. But since employement condition is there, it becomes primary.
Sowmitha C
CA Final
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156
query
Direct Taxation
answered on 28-Jul-25 17:43
why 2 tax rates videos there which show the same content [video Time Stamp: 00:06]
latest answer
Rate of tax is different for different type of companies.
PAVITHRA M
CA Inter
★ 30
1
171
Query
AFM
answered on 21-Jul-25 11:22
Sir, What is the meaning of "Investor buys back the futures contract" in Question No: 5. Time stamp: 17:58. [Video Time Stamp: 17:58]
latest answer
Understood sir.
Ranjith Belide
CA Final
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level 1
CFA
answered on 21-Jul-25 10:33
FSA - FIFO and LIFO calculation explanation please [Video Time Stamp: 01:03:19]
latest answer
Faculty explained this from 1.03 min to 1.06 minutes screenshot enclosed too. In FIFO first in items are out that implies closing stock consists of items received in the end same way in LIFI last in items are out first. That means closing stock is of first in items
S JOTHEESWARI
CFA L1
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1
123
WCM
Financial Management
answered on 21-Jul-25 10:41
Please explain why in the below sum WIP is 9.4
latest answer
Provided in page 9.36 Wages have fixed and variable components of ₹5 per unit 40% fixed (rs2) and 60% is variable ( rs.3) wages fixed costs are now apportioned over double the number of units (48000 vs 24000) so per unit FC is rs.1 instead of Rs.2 Material costs there is a 10% supplier discount hence it falls from 6 to 5.4
Sruthi sruthi
CMA Inter
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