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Inception of Lease
Financial Reporting
answered on 11-Mar-25 09:13
It was mentioned that inception of lease is earlier of (i) Date of agreement or (ii) Date on which principle terms and conditions are "agreed and signed". In the given example even though they have agreed the terms on 1st April but the agreement got "signed" only on 15th April. Then should 15th April be the inception of lease ?
latest answer
1st April
Banu Priya
CA Final
★ 6K+
1
305
Cash flow Statement
Accountancy
answered on 11-Mar-25 10:46
Sir, can we treat 'loss on sale of P&M' as a non cash item instead of treating it as an investment related activity for adding back it to Net Profit
latest answer
Okay Sir
Nisha M
CA Final
★ 2K+
2
274
About the share based compensation depth
CFA
answered on 11-Mar-25 08:02
sir, Actually this topic is more in depth but this much depth is not there in scheweser notes in 2025 syllabus only theoritical part is given. will there be any bits practical questions asked on this topic in the examination can i expect ?
latest answer
Okay Sir
dhupam jayanth
CFA L1
★ 10
2
205
calculation of book profit
Direct Taxation
answered on 13-Mar-25 10:44
why do we subtract 12% of interest?
latest answer
Thank you very much sir 😊
Rania D'souza
CA Inter
★ 650
3
256
Buyback
Accountancy
answered on 10-Mar-25 10:12
In this illustration, why only 300 transferred to crr???.when 500 shares bought back
latest answer
Thank you sii
Priyanka R
CA Final
★ 20K+
2
222
Return on Asset Pre Tax
Financial Management
answered on 11-Mar-25 07:50
In the solution while calculation ROA ( Pre Tax ) Why we took EBIT instead of EBT?
latest answer
ROA it is alternative method Instead of taking PBT, EBIT has been used some times by ICAI But it is not the preferred method
Sreeka Sreenivasan
CA Inter
★ 240
1
266
IRR Computation
AFM
answered on 09-Mar-25 20:15
Sir, If they ask us to compute effective yield in an exam, when are we supposed to calculate IRR, and what would the inputs be such that we could figure it out?
latest answer
Unless they say irr or cagr compute normal annualised yield
Pradeepa Narayanan
CA Final
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1
198
Can you please explain how difference between pre buyback PBT and post buyback PBT is interest?
AFM
answered on 09-Mar-25 19:15
Can you please explain how difference between pre buyback PBT and post buyback PBT is interest? I did not understand
latest answer
If operations are not changing and there is no increase in sales and depreciation then ebitda will be same under both scenarios EBIT will also be same under two scenarios If there is a borrowing made then interest will be charged Then From EBIT interest is reduced to arrive at PBT Sold old vs new PBT is just interest expense Pls assume some numbers like sales =100 EBIT = 50 etc and try and work it out you will understand
Manu Jacob
CA Final
★ 6K+
1
215
ADJUSTED TOTAL INCOME
Direct Taxation
answered on 13-Mar-25 10:22
Sir, adjusted total income is shown as working notes in exams right sir?
latest answer
Yes right.
Sandeep
CA Inter
★ 50
1
294
Valuation under gst
Indirect Taxation
answered on 13-Mar-25 10:28
In case of subsidy received from central government fo supplying machine to backward region since receiver was located in back ward region what we should do with this subsidy
latest answer
It is not included in the value of supply as per Section 15.
Krishna Krishna
CA Final
★ 780
1
192