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SPOM
Exams
answered on 15-Jun-25 20:11
Sir I completed my articleship on 12-7-2024.But I am not register for CA final May 2024 exams.My CA final registration is not completed on that date.I completed my Advanced MCS and orentation before June 2025.Sir am I eligible for ca final exams in September 2025 without writing SPOM Set A and B ?
latest answer
Thank you sir
Syam T
CA Final
★ 0
2
270
Return on.......
Financial Management
answered on 08-Jun-25 10:46
Tell exactly what do we prefer for exam point Whether post or pre tax for return on (capital employed, total assets, equity) And what the formulae EBIT/ EBIT(1-TAX)/ PAT?
latest answer
For capital employed as denominator EBIT pre and post tax in numerator For Equity as denominator, PAT which anyway is post tax only in numerator
anju B
CA Inter
★ 21K+
3
208
Doctrine of privity exemption in case of assignment of contract
Corporate & Other Laws
answered on 08-Jun-25 14:31
When benefits under a contract has been given the assignee can enforce the contract but such assignment should not involve any personal skill What this line mean such assignment should not involve any personal skill
latest answer
The line means that a contract can be assigned only if it doesn't require the original party's personal skill or talent. If the contract involves unique abilities—like singing, painting, or consulting—it cannot be transferred to someone else.
Gurukanta Singh
CA Inter
★ 20K+
1
269
Apportionment of joint cost
Costing
answered on 13-Jun-25 09:36
Sir, What is the difference between NRV at split off method and estimated NRV method . Can u also mention the formulas for finding NRV at split off and estimated NRV
latest answer
When sale value at split off point is available we compute NRV at spilit off point. Here NRV = Sale value at split off point - selling costs. When sale value at split off point is not available we compute estimated NRV. Here NRV = Final selling price - further processing cost -selling cost.
Dova Shaji
CA Inter
★ 520
1
285
CA Articleship
Others
answered on 07-Jun-25 10:51
As per attached image please guide me whether my current experience in deloitte usi as a audit assistant in the external auditing field for US Clients be eligible for bypassing 2 years of articleship. As I have already completed 2 Years here.
latest answer
No
ARUN SKANDHAN SETHURAMAN
CA Inter
★ 120
1
269
In case of trust
Corporate & Other Laws
answered on 08-Jun-25 14:32
As per Doctrine of privity of contract stranger to contract can file a case against party in contract or trust Case law given in video has involved family members Can this exception work where two parties in contract which are not family members but they are friends
latest answer
Yes, the exception under the doctrine of privity can apply to friends, not just family members. If the contract clearly intends to benefit a third party (like a friend), that person can sue under the trust exception. The key is the intention to benefit, not the relationship.
Gurukanta Singh
CA Inter
★ 20K+
1
266
SPOM applicability
Exams
answered on 06-Jun-25 17:05
I have cleared CA Intermediate Grp one in Nov 22 and CA Intermediate Grp two in May 23. I gave 8 papers in total. My CA Final attempt is in May 26 Is Set C and D applicable for me because in portal it is showing??
latest answer
Thank you, Sir!!
Pooja S
CA Final
★ 910
2
284
Purchase book
Accountancy
answered on 10-Jun-25 11:50
While doing purchase book is it necessary to make freight charges,trade discount column
latest answer
Just basic questions from Study Mat are enough.
Gurukanta Singh
CA Inter
★ 20K+
3
315
Equity Method of Accounting
Financial Reporting
answered on 06-Jun-25 09:51
Sir, we’ve invested in an associate (or joint venture), but have no subsidiaries. Since CFS is not mandatory in such cases, I wanted to ask: If we do not prepare CFS, can we still adjust our share of the associate's profit/loss in the SFS? Or is it mandatory to prepare CFS to reflect the equity method and show the share of results?
latest answer
When an entity prepares separate financial statements, it shall account for investments in subsidiaries, joint ventures and associates either at cost, or in accordance with Ind AS 109, Financial Instruments.
Murali Thripuraboina
CA Final
★ 3K+
1
251
Variance and Standard Deviation
AFM
answered on 06-Jun-25 15:03
Sir, if Variance is 0.056, so sqrt of that is 0.2368 i.e., 23%. In the other case if i take variance as 5.61115 in percentage terms (0.056*100), then the standard deviation was √5.61115 ≈ 2.3688(in percentage). Could you please clarify which is correct and why the standard deviation is being stated as 23%?
latest answer
When Return of share price is in % then SD is also in % but VAr is % square Best way is to remove % right at beginning and solve it just as a number and then add % at the end another way is to convert everything into decimal and then solve - I don't recommend it though Answer eventually will be same in al methods but best is to remove % and solve
Murali Thripuraboina
CA Final
★ 3K+
1
240