Forums
PVIFA
AFM
answered on 22-Feb-25 13:55
Here we are having present value of annuity factor (3.673), then why we are dividing instead of multiplying
latest answer
It is FV. Hence, we are dividing by 3.673 to arrive at PV I do not agree with the solution though - I believe we should take PVFIA for 3 periods only and not 4 periods It is ICAI's solution I mentioned in video too :) You have to accept it even if it is illogical
RAKSHA
CA Final
★ 0
5
268
RELEVANT COSTS
Financial Management
answered on 22-Feb-25 05:44
We are considering only NON CASH items and the particular COMMITTED COSTS only to add them back for calculating the total Relevant cost, which are generally considered as irrelevant costs? If so, then when exactly do we have to consider them non relevant? If we do add them back, why don't we consider them as Relevant Costs itself?
latest answer
Allocated costs Corporate overheads Sunk costs Are irrelevant. They may be considered in financial P&L but not in investment decisions
Nabeela Faisal
ACCA Skill
★ 0
1
226
Consolidation
Financial Reporting
answered on 25-Feb-25 11:14
What is the treatment of Reserves, if the Inter Company Transactions occur before the Date of Acquisition (01-10-20X1)? Say, during the period 01-04-20X1 - 30-09-20X1, the Company sold goods and the unrealised gain was there on the date of acquisition.
latest answer
Inventory should be measured at FV on date of acquisition Subsequently, it should be measured at cost (to holding) and NRV whichever is lower in consolidated financial statements. The unrealised profit would be eliminated by this.
Shunmuga Durga V
CA Final
★ 16K+
3
271
Consolidated Financial Statements under IND AS
Financial Reporting
answered on 24-Feb-25 13:22
In Illustration 10, What will be the Journal Entry for the Sale of 40% Stake in the Subsidiary: Given: Sale Proceeds: 9,00,000 (-) NCI Recognised (40% of 18,00,000): 7,20,000 Gain - Other Equity 1,80,000
latest answer
Thankyou sir
Shunmuga Durga V
CA Final
★ 16K+
2
199
Illustration 29
AFM
answered on 21-Feb-25 22:46
In your book, the answer is Rs 71057 , but mine is coming different and till last step our answer matches but only last answer is different, what did I get wrong
latest answer
Okk sir, got the answer, might have got something else pressed on calculator
Hrishikesh Pradhan
CA Final
★ 18K+
2
198
Summarize
AFM
answered on 21-Feb-25 22:59
Sir, could you please summarize how can we identify in a question if its is growth, abandonment or timing option. I find it slight tricky to identify them and more confused with timing one.
latest answer
Yes
Hrishikesh Pradhan
CA Final
★ 18K+
3
301
timing option
AFM
answered on 21-Feb-25 21:12
How did we identified if it is timing option
latest answer
Based on the text in the Last line of Question - "wait and see?"
Hrishikesh Pradhan
CA Final
★ 18K+
1
214
Sale proceeds
Financial Reporting
answered on 23-Feb-25 17:29
Sir 1500 What we received is for 90% stake sold or for 100% stake sold ?
latest answer
Entire stake sold means 90% stake sold.
Hemachandra D
CA Final
★ 9K+
1
173
SUB TENANT RENT TAXATION
Direct Taxation
answered on 24-Feb-25 17:27
SIR, The income for sub tenant for re renting the already rented property is taxed under ifos right??
latest answer
Yes. Income from sub letting is taxed under IFOS.
Sandeep
CA Inter
★ 50
1
197
Computation of total takings
Costing
answered on 25-Feb-25 17:47
Sir in this shall we assume 234335.25 is equal to 50% and compute for 100% then we re-compute the passenger tax & profit ? Shall we do it that way ?
latest answer
Yes you can do it that way as well.
Jashvanth.K
CA Inter
★ 11K+
1
175