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Accounting for Non cash assets distributed to owners
Financial Reporting
answered on 18-Mar-26 10:04
sir,here in the example carrying amount of asset is very less than the fair value so doesnt the companies revalue the assets because the gap is huge [Video Time Stamp: 06:42]
latest answer
The difference between Fair Value and Carrying Amount is automatically recognized as a gain in Profit & Loss at the time of distribution. It is better than carrying it at revaluation surplus.
lahari patlolla
CA Final
★ 1K+
2
34
introduction
AFM
answered on 17-Mar-26 18:51
sir In introducton part sir is saying watch the regular classes along with ca articleship two years time period, sir that means it is only for those students who have two years time to attend the exam? Sir i am preparing for sept 2026 is it not suitable to me?
latest answer
It is ideal if u do that If u finish faster then also classes are ok for you Watch full classes followed by revision
saipriya v
CA Final
★ 350
1
63
Syallabus completion
Others
answered on 17-Mar-26 16:59
I am preparing for ca foundation september attempt this is my first attempt so till when shall my syllabus be completed so that I can get sufficient time for revisions.
latest answer
Preferably by April end of Max by mid June
Yash Kumar
CA Foundation
★ 110
1
60
Illustration 99
AFM
answered on 17-Mar-26 13:25
In case of sell 3 months put why are we considering ask rate of 145.05 as expected spot rate. Can you please tell the logic as I did not understand it in the lecture. [Video Time Stamp: 03:31:00]
latest answer
Sell PUT
Vidyashree Anand
CA Final
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1
65
Q
Financial Reporting
answered on 20-Mar-26 10:35
Sir, if investments are measured thro FVTPL, then they are shown at FV so further CFS is not required.But why does the same logic not apply to FVTOCI? [Video Time Stamp: 08:26]
latest answer
Post acquisition profits of subsidiary are to be recognised in PL. If FV Changes are recognised in OCI, the PL will not give true picture. However, IF it is recognised as FVTPL, then the Consolidated PL will reflect performance of subsidiary
SANSKRITI BADRI 2111339
CA Final
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59
solving problems
AFM
answered on 17-Mar-26 05:34
sir do i need to solve each and every problems that sriram sir solved in the AFM class?
latest answer
If your attempt is in May 26 then u can’t do that now But if anytime beyond that. Would suggest you solve all problems
Balamurugan V
CA Final
★ 52K+
1
57
Gain or loss on squaring off
AFM
answered on 16-Mar-26 17:33
Sir you have mentioned that we should reverse the original transaction while squaring off. So is it the original transaction of Base currency or just the initial transaction that have been entered into [Video Time Stamp: 01:00:43]
latest answer
Original transaction we entered into
Vidyashree Anand
CA Final
★ 0
1
68
Q
Financial Reporting
answered on 24-Mar-26 10:12
Sir, the post acq profit of 1,18,540 is after deducting 100% dividend, So, to compute post acq share of parent, shoudn't we add back 70% dividend? It is paid to parent, so it should be eliminated? [Video Time Stamp: 30:14]
latest answer
You will add back parent's share of dividend and again deduct since its already credited to PL. So net effect is same.
SANSKRITI BADRI 2111339
CA Final
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51
AFM may 2026 exam date
Exams
answered on 15-Mar-26 17:17
Will the AFM exam be conducted as scheduled.since it clashes with election result date does it have chances of postponement
latest answer
Will get to know by early April
bharath raj
CA Final
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1
96
Q
Financial Reporting
answered on 24-Mar-26 10:18
In order to take net value of assets in this q, why are we taking 1280? Isnt this inclusive of goodwill?Shouldn't we de recognise 1190, derecognise full goodwill at 90, and then show inv in subs at 1190*10%.Why are we including goodwill instead of seperately derecognizing it fully?Is it also in proportion to the stake sold?But dont we recognise goodwill when control is obtained, and we should de recognise completely at the time of disposal of even 90%, because control is lost, and we should only show inv in subsidiary in books? [Video Time Stamp: 06:16]
latest answer
When control is lost entire goodwill and net assets are derecognised. So in this case, we have derecognised entire 90 of goodwil and net assets. The 10% stake retained is valued at fair value.
SANSKRITI BADRI 2111339
CA Final
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1
57