Forums
Borrowing in USD
AFM
answered on 15-Aug-25 19:55
Sir, i didn't understood the logic of considering ASK rate (36.40) while converting USD to INR? [Video Time Stamp: 06:00]
latest answer
Understood sir!
Ranjith Belide
CA Final
★ 6K+
2
221
TEST YOUR UNDERTANDING - 3 (INVESTIGATION)
Auditing
answered on 22-Mar-26 14:20
Good Morning mam, (wishing the 1FIN team a Happy 79th Independence Day)... Mam, as in this case, the auditor is appointed to verify financial data and that too which represent historical data. The auditor cannot give reasonable assurance because the records are for interim period only BUT STILL ....The auditor can provide MODERATE ASSURANCE in name of REVIEW ENGAGEMENT, instead of INVESTIGATION. isnt it mam? Because an auditor is not expected to have expertise in the field of investigating the details of FIRE Accident, also for investigation, the Insurance PSU has already appointed a person from their feild. Then is it correct to understand that the auditor here appointed to provide a REVIEW ASSURANCE with the interim financial records? [Video Time Stamp: 07:30]
latest answer
If records stop before 31st March, it indicates they are interim in nature.
Vinod Kumar
CA Inter
★ 11K+
4
217
BRS - Nikki & Co
Accountancy
answered on 19-Aug-25 11:35
Sir, in the above nikki & co example - point 7. In Point 7, it states that there is a Dr in the bank statement, meaning in the passbook Dr side (Outflow), but we have considered it as Dr in the cash book (bank column) (Inflow). Why? I'm not able to understand this adjustments logic sir. [Video Time Stamp: 07:12]
latest answer
As we are making change in pass book. In the given point when cheque received we increased the cash balance. So to balance with cash book we increase the balance in the passbook.
Vignesh Venkatesan
CA Final
★ 5
1
262
Itt and occ
Others
answered on 14-Aug-25 18:35
Is it mandatory to complete these courses before joining articleship or i can do these after joining articleship?
latest answer
Thank you sir.
Sugam SM
CA Final
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2
251
Percentage of downside risk formula
AFM
answered on 04-Apr-26 17:26
Sir, just to confirm — if the question asks us to find the below, is the formula used is correct?" 1. Percentage of downside risk = (MP of convertible bond-Straight value of bond)/ MP of convertible bond (ill-43) 2.Premium over Straight value of bond = (MP of convertible bond-Straight value of bond)/Straight value of bond. (mentioed in ill-29) [Video Time Stamp: 04:30]
latest answer
I agree with you. What I wanted to say above did not come out clearly. When you call something downside risk, denominator has to be higher value and when you say premium it has to be lower value. Pls check Q no 24 of icai SM link below and screenshot of ICAI solution also attached. I was referring to Ill 24 where question says downside risk. so anchor has to be higher amount - but they provided solution with denominator as higher amount - this is what I was alluding to as ICAI Logic This kind of dichotomy is present in past RTP/ SA/ MTP too. https://resource.cdn.icai.org/87846bos-aps2163-ch5.pdf page 66 of 72
Shinisha Rose R
CA Final
★ 5K+
3
692
AS 15 DCP
Accountancy
answered on 14-Aug-25 18:27
Sir, in the video its said that under dcp, the risk falls on the 3rd party contribution plan entity, whoever it is. But in textbook it is written risk falls on employee. What's the concept in here then?
latest answer
ok
Rahul Anand
CA Inter
★ 6K+
2
311
SQC 1 and SA 220
Auditing
answered on 16-Aug-25 22:41
How to distinguish both these in the case study? Both these represent the same.
latest answer
No they don’t . One is at firm level for every type of engagement. Be it audit, review or non assurance as well . But SA 220 is only for audit . Responsibility in SQC 1 is of partners ( managing partners , CEO etc) In SA 220 , it’s engagement partner alone . One Is at firm level other is at engagement level!
Shankari C
CA Inter
★ 3K+
1
276
Optimal portfolio
AFM
answered on 17-Aug-25 12:40
Hi sir, In the previous problem, i.e, in the 67 problem, you said we use actual returns for the computation of sharpe formulae. Why we are doing all computions here for finding ER [Video Time Stamp: 24:54]
latest answer
Ok sir tq for reply.
sailusha ravikrindi
CA Final
★ 110
2
274
e^rt
AFM
answered on 14-Aug-25 12:49
Sir, instead of days, i took months in 't' for calculation and got the same answer. Which is preferable if nothing is specified in question about days? [Video Time Stamp: 11:01]
latest answer
E power rt
Banu Priya
CA Final
★ 6K+
1
228
BRS
Accountancy
answered on 19-Aug-25 14:30
Sir, we considered this as a liability account and solved entire sum, can we instead to maintain uniformity, treat the opening balance in OD as -ve number and apply the same logics of earlier sums? Meaning we had + Interest on OD, Bank Charges in this sum, while in regular sums we would have - it.
latest answer
https://www.youtube.com/watch?v=MlOUbwrkBag
Vignesh Venkatesan
CA Final
★ 5
2
265