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Direct and Indirect quote
AFM
answered on 02-Jul-25 14:40
Sir, why those four countries currencies are quoted in indirect ? [Video Time Stamp: 14:33]
latest answer
Direct indirect
Sai Vema
CA Final
★ 108K+
1
163
Invoice ought to have been issued means what?
Indirect Taxation
answered on 02-Jul-25 16:50
Invoice ought to have been issued means what? [video Time Stamp: 00:21]
latest answer
It means when invoice is supposed to have been issued as per time limit under Section 31.
Venkat L
CA Inter
★ 2K+
1
188
HEDGING
AFM
answered on 02-Jul-25 13:37
I have a doubt regarding the concept of hedging in the futures market. If I hold 1 share of ABC Ltd at ₹100 and I expect the price to fall to ₹80 next month, I can enter into a futures contract to sell at ₹100 (i.e., take a short position). If the market price actually falls to ₹80: I would incur a ₹20 loss in the cash market when I sell the share But I would gain ₹20 from the futures contract through cash settlement So, my net loss is zero. Is my understanding of this hedging process correct?
latest answer
Yes Absolutely right
Muhammed Mubaris
CA Final
★ 190
1
216
SA 240
Auditing
answered on 03-Jul-25 11:48
Maam, in case of management fraud, auditor cant use enquiry as an RAP..so what steps will he take. [Video Time Stamp: 06:44]
latest answer
He can question to management and TCWG where he believes there could be risk of material misstatement. Inspection of certain documents which look doubtful. Analytical procedures by comparing data with past and present year.. to understand any unusual changes
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
190
Beta computation
AFM
answered on 02-Jul-25 11:17
Sir, Here Change in portfolio % is (260L-256.168L)/260L = 1.4736 % and change in futures % is (130L-128.3286L)/130L = 1.2856% Beta = Change in Portfolio % / change in future % so 1.4736/1.2856 = 1.1465 2nd way Beta = [(117.84*1.4) + (10*0) + (128.3286 * 1)] / (117.84 + 10 + 128.3286 ) = 293.3046 / 256.1686 = 1.1465 please help me to clarify i am bit confused in 2nd part [Video Time Stamp: 13:40]
latest answer
Beta is computed as below
Sai Akshith
CFA L1
★ 2K+
2
167
HEDGING
AFM
answered on 01-Jul-25 21:35
instead of settling in cash, if the farmer simply delivers the actual product to the buyer at the agreed futures price, the economic outcome seems the same — the buyer gets the product at the contract price, and the farmer bears the same loss. IF he deliver goods : MARKET PRICE=200 CONTRACT PRICE=180 LOSS=20 If it cash settlement : Cash outflow = -20 market price = 200 ( if he sells to others) Net cashflow=180 So why does the farmer choose cash settlement instead of directly selling the product at the futures contract price?
latest answer
thank you sir
Muhammed Mubaris
CA Final
★ 190
2
171
Restructuring
Financial Reporting
answered on 02-Jul-25 16:36
Sir if resulting company got 100 worth net assets and issued equity to demerged company worth 120 then resulting company will recognise goodwill 20 My doubt is Demerged company will recognise gain of 20 in capital reserve is this correct
latest answer
yes
R Yashwanth Kumar
CA Final
★ 87K+
1
159
amendments for sep'25
Exams
answered on 01-Jul-25 16:38
sir/mam is there any recent amendments for intermediate subjects for the sep'25 attempt?
latest answer
ok sir thank you so much sir.
Poojasree Shakthiraam
CA Inter
★ 25
2
280
Auditing and sm
Auditing
answered on 02-Jul-25 11:03
Are 1FIN study material wordings as per icai style only? I'm studying sm and audit our 1FIN books.. is it enough to qualify
latest answer
Yes
anju B
CA Inter
★ 21K+
3
183
About ABC analysis
Exams
answered on 01-Jul-25 22:16
Where can I get ABC analysis of each subject ?and is it ok if I start the classes with this analysis and complete the whole syllabus. So that I I'll get confident and motivated
latest answer
👍TQ sir 🙏
Bhavagna reddy Puli
CA Foundation
★ 730
2
265