Forums
NIFO
Financial Reporting
answered on 23-Feb-25 17:31
Sir in the Reporting entity standalone FS exchange Gain or loss of Monetary items in nature of NIFO will be taken to PL And also in the standalone of foreign enity FS it will be taken to PL But only in case where Reporting enitity prepares consolidated FS considerign the foregin operations, then it will taken to OCI Am I right ?
latest answer
Yes
Hemachandra D
CA Final
★ 9K+
1
179
10% of commision
Costing
answered on 25-Feb-25 17:58
Sir what about the 10% commission on taking and we didn't add up to the salary as It is running charges why didn't we add up ? It is inclusive with salary right ?
latest answer
Oh ok sir thanks
Jashvanth.K
CA Inter
★ 11K+
2
212
Rebate under sec 87A
Direct Taxation
answered on 25-Feb-25 12:20
Amendment came for default tax rate regime for May exam Here u/s 87A there is any changes.
latest answer
Done.
Mugesh Annadurai
CA Inter
★ 0
7
265
Computation of u & d
AFM
answered on 21-Feb-25 18:12
PV of future cash flow i.e. Current NPV is 2.1 Cr (21Lakh/0.1). and if We wair for 1 Year it may be 3.5 Cr or 1.2 Cr. U should be 3.5 Cr / 2.1 Cr. Isnt it. Why Cost (2.5 Cr) plays a role here in computing U & D.
latest answer
Real options
Chandan Subudhi
CA Final
★ 12K+
5
221
Roc
Financial Management
answered on 21-Feb-25 11:38
Exactly in exam which formula should we used For return on capital employed
latest answer
EBIT / CE If Post Tax then x (1-t)
anju B
CA Inter
★ 21K+
1
188
Cost of funds
AFM
answered on 21-Feb-25 07:37
Sir what is this cost of funds which is being charged in the question? Can you explain me the concept of this? What is this and why is this charged?
latest answer
Cost of funds
Prasoon Goel
CA Final
★ 920
1
202
Why 5 year PVF used for the sixth year
Financial Reporting
answered on 21-Feb-25 09:59
My question related to same question available in compiler, why the 5th year PFA used for the sixth year sir , kindly find the attached Q2 of compiler page 120
latest answer
Okay. Thanks
Ramamoorthy Kaliyaperumal
CA Inter
★ 3K+
2
186
Different Country Tax Rates
Financial Reporting
answered on 23-Feb-25 17:32
Sir when we prepare Consolidated FS tax rate we should calulate seperately and mention the combined tax amounts Only for Reconciliation we have used home country rates in illusrtation 11 right ?
latest answer
We generally pick up amounts from respective subsidiary's financial statements.
Hemachandra D
CA Final
★ 9K+
1
172
Ca Faudation
Exams
answered on 21-Feb-25 10:18
Registration date kab aayegi in 2026
latest answer
Yes mene morning me dekha i can register in sep
Jinal Yadav
CA Foundation
★ 0
8
247
Reversal of temporary difference
Financial Reporting
answered on 23-Feb-25 17:49
Sir what does exactly the parent/investor/venutre is able to control the timing of the "reversal of the temporary difference ", in this context Like what it means reversal of temporary difference I understand that logically, that in case of Consolidated FS (say due to increase in profits with resepct to holding) Carrying amount > Tax base of subsidary then DTL its proable temporary difference will not be reversed in forseeable future, (when is the case we might reverse this Temporary difference, can you state example)
latest answer
Parent controls when dividend would be declared by subsidiary. When subsidiary declares dividend, net assets of sub falls. and the difference reduces / reverses
Hemachandra D
CA Final
★ 9K+
1
189