Forums
Value of Futures
AFM
answered on 19-Jul-25 21:13
Sir, I have a doubt regarding the valuation of the futures, here we are taking spot price + Carrying Cost - Dividends. If we use the formula given for continuous compounding, will we get the same result? If not, When can we use the formula given for continuous compounding for valuing the future contract? [Video Time Stamp: 06:54]
latest answer
Ok sir, understood. Thank you sir.
Abhijith K B
CA Final
★ 5
2
193
Non lease components
Financial Reporting
answered on 21-Jul-25 15:02
Why can't administrative tasks be non lease component. Since non lease components should involve transfer of goods or services. Administrative tasks isn't transfer of service?
latest answer
It can be considered as non-lease. Ind AS 116 allows a practical expedient to combine lease and non-lease
Banu Priya
CA Final
★ 6K+
1
168
Working papers as evidence
Auditing
answered on 22-Jul-25 10:09
1.Auditor as a evidence can ask working papers previous year ? 2.And also in this case Branch auditor , situation where working papers are only the one we obtained evidence? [video Time Stamp: 07:35]
latest answer
Working papers can never be asked. Only audit report he can refer. Working paper will be the property of previous auditor. Branch auditor also cannot be asked for working working for evidence purpose. Principal auditor can ask for audit report . And he has any doubt, he can himself visit the branch office and perform procedures .
Sri Kanth
CA Inter
★ 650
1
181
Introduction to FSA - part 2
CFA
answered on 21-Jul-25 15:31
Under the topic of audit report , could you please explain the Reasonable assurance of free from material misstatements? [Video Time Stamp: 26:30]
latest answer
An auditor provides an opinion of financial statement. Reasonable assurance is a high but not absolute level of confidence that auditors provide in an audit report when they state that the financial statements are free from material misstatements. When we use the term reasonable, it means not 100% assurance but high level of assurance.
Vignesh Vicky
CFA L1
★ 0
1
151
Interpretation
Indirect Taxation
answered on 29-Jul-25 23:05
In this, the 2nd one, i did not understood the meaning of this sentence. Could you please explain it in simple terms.
latest answer
May be based on quantity or value or type
Hrishikesh Pradhan
CA Final
★ 18K+
3
207
Query
Indirect Taxation
answered on 22-Jul-25 11:22
Why have we not added freight from Q factory to port and loading charges, as it is part of FOB. [Video Time Stamp: 10:12]
latest answer
Since 20 percent is directly considered, it is deemed to have been included
Hrishikesh Pradhan
CA Final
★ 18K+
1
197
regarding cop
Others
answered on 21-Jul-25 16:26
hello , Is it mandatory to work for one more year after the completion of articleship of 2 years under the new scheme in order to get COP? thank you
latest answer
Thank you sir
Vani Suresh
CA Inter
★ 20
2
197
Origin of auditing
Auditing
answered on 22-Jul-25 14:11
Mam what is mean by fixed accounting year ? It denotes 12 months in a financial year isn't correct [Video Time Stamp: 05:43]
latest answer
Yes it’s correct👍
21SCO08 mahalakshmi
CA Inter
★ 1K+
3
188
Sell CALL and Sell PUT
AFM
answered on 19-Jul-25 13:33
Sir, Clarify whether I'm thinking about sell CALL and Sell PUT is right or wrong. Sell CALL refers to we are giving right to other person to buy from us. He will exercise the option when the market price is more than strike price. Sell PUT refers to we are giving right to other person to sell to us. He will exercise the option when Market price is less than strike price.
latest answer
Okay Sir. Thank you
K Vamshi
CA Final
★ 14K+
2
173
Querry
AFM
answered on 19-Jul-25 08:50
For earlier illustrations of this kind we have not made the following working note. Reason and how to identify when to solve including this working note.
latest answer
I am sorry can u elaborate on WN While I am able to see it I am not really clear what the issue is with this WN
Akash Nanda
CA Final
★ 25K+
1
197