Forums
impairement
Financial Reporting
answered on 03-Apr-25 10:31
Sir, so in every case where corp assets cant be allocated to CGU, final impairement loss (when everything is totalled)will be fully allocated to Corp assets?
latest answer
No. It will be done in the ratio of carrying amounts. Can you specify at which time in the video did you get this doubt?
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
192
Exemption
Indirect Taxation
answered on 01-Apr-25 22:57
Sir, Mr.A proprietor , registered person rent his residential flat in an apartment for students (4 members) for student residence purpose ? is it exempted ? , because in entry 12 it is mentioned as below Nothing contained in this entry shall apply to- (a) accommodation services for students in student residences; (b) accommodation services provided by Hostels, Camps, Paying Guest accommodations and the like.
latest answer
Thank you Sir
Prethivi Rajan
CA Final
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2
257
In assumption B while calculating CR
Financial Reporting
answered on 03-Apr-25 10:55
In assumption B while calculating CR we have to take 4 months or 12 months ???? 96250*4/10250000*100=3.756%
latest answer
Actually it has to be 12 months. That is what ICAI has done in past exams.
Akash Nanda
CA Final
★ 25K+
1
199
IND AS 36
Financial Reporting
answered on 03-Apr-25 11:08
Sir in this illustration why the goodwill notional gross up is done on 400 but not on 900,
latest answer
We are checking for specific CGU. So only goodwill relevant to that would be considered.
R Yashwanth Kumar
CA Final
★ 87K+
1
207
Regarding 2nd illustration
Direct Taxation
answered on 01-Apr-25 20:39
How the answer came 21000 instead of 33000.
latest answer
Clerical mistake. Thanks for pointing out. Will resolve it.
Subham Poddar
CMA Inter
★ 940
1
204
Baggage
Indirect Taxation
answered on 01-Apr-25 20:36
In the illustration 2, is it necessary to carry different physical bag for each person for claiming individual gfa.
latest answer
Not necessary. Baggage declaration form should be filled separately.
Akshay Shabu
CA Final
★ 2K+
1
225
As7
Accountancy
answered on 09-Apr-25 17:25
Why answer if 360 Total contract value is 370, total cost 360+50 =410 then loss is not taken here why
latest answer
Solution is incorrect.
Sushmita Chowdhury
CA Inter
★ 2K+
3
234
IND AS 116
Financial Reporting
answered on 31-Mar-25 19:27
Sir in case of sublease, if remaining period of Head lease is 3 years and sublease is given for 3 years then we shd compare 3y with 3y to apply whether Finance lease conditions satisfies or not But in study material then have mentioned they will compare total head lease period 5Y with sublease period 3Y, Which is correct?
latest answer
Yes
R Yashwanth Kumar
CA Final
★ 87K+
3
177
CA FOUNDATION MAY'2025 CHANGES
Exams
answered on 31-Mar-25 12:41
pls share the new syllabus changes of all the 4 subjects 🙏
latest answer
I am refering to the old material. Law updates will be provided by end of this week
Viswas
CA Foundation
★ 470
4
386
ROCE
AFM
answered on 31-Mar-25 11:37
For finding ROCE, the numerator should be EBIT(1-t), right? as tax amount won't be available to debt holders or shareholders.
latest answer
Q is from Nov 19 link below https://www.indigolearn.com/resources/CA-RTPs-MTPs-Suggested-Answers/Final/2017-2023/Paper-2-Strategic-Financial-Management/Suggested-Answers/4b0bea2805644b5586211734c61b3397/CA-Final-New-Strategic-Financial-Management-SFM-Suggested-Answers-Nov-2019/33b025c9bd1043bc84c8f8c9baf0a6b9/r ROCE is calculated pre tax as well as post tax and as you rightly said post tax is usually preferred. However icai chose to follow pre tax method in this question You can make an assumption compute post tax and should ideally get full marks
Ali S
CA Final
★ 8K+
1
218