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External Funding Requirement
AFM
answered on 10-Mar-26 11:04
I have a doubt in suggested answers of Jan 26 paper of Question 2(b). In that question in ICAI suggested answer why they have taken two assumptions in two points i.e. in (i) With only 65% Utilization, growth by 40% can be achieved without any corresponding increase in Fixed Assets (65*1.4 times = 91%) and in (ii) With only 95% Utilization, growth by 40% can be achieved by corresponding increase in Fixed Assets of ` 1320 Crore (95%*1.4 times = 1.33 times of existing Fixed Assets of ` 4000 Crore). Projected Fixed Assets increase to ` 5320 Crore. My query is in first point they not increased the FA but in second point they corresspondingly increased the FA. Kindly Explain the reason for these.
latest answer
Okay sir
PG Bhanusree
CA Final
★ 3K+
2
95
Scenario B
Financial Reporting
answered on 13-Mar-26 13:10
In standalone at the time of transaction Asset a/c dr 8 To Bank a/c. 8 In consolidation to eliminate unrealised profit (end of year) Share in loss of y ltd a/c dr 1 To inv in y ltd a/c. 1 In this way entries recorded or directly record single entry at the time of transition date like Asset a/c dr 8 Sh in loss of y a/c 1 To Bank a/c 8 To inv in y a/c 1 [Video Time Stamp: 03:49]
latest answer
Standalone vs consolidated entries are different.
Santoshkumar Kalisetti
CA Final
★ 2K+
1
65
When will be the free window for classes be open ?
Others
answered on 10-Mar-26 06:12
When will be the free window for classes be open ?
latest answer
There is no plan for any free window. You can reach out to team for subscription model
yeskay vishal
CA Final
★ 600
1
51
Component not audited
Auditing
answered on 17-Mar-26 10:12
Under the concept report in case of component not audited there is para which state “generally the financial statement of all components included in consolidated financial statement should be audited or subject to audit procedures in the context of multi location group audit” in this para what is mean by subject to audit procedures in the context of multi location group audit ? [Video Time Stamp: 02:56]
latest answer
Even if a component is not separately audited, the group auditor performs necessary audit procedures on that component to obtain sufficient appropriate audit evidence for consolidation. These procedures may include: Analytical review,testing selected transactions balance,Reviewing consolidation adjustments. Basically full audit will not be required and also the entities cannot go unchecked.
Mhd Mmp
CA Final
★ 585
1
52
Inter exam
Exams
answered on 10-Mar-26 13:37
Hai I have completed my ca inter group 1 by 2019 in old syllabus...now I had a doubt about my exam ... what are all the papers I have to write if I appear in dec 2026??
latest answer
Thank you so much for your immediate response sir...
amrutha pushkala
CA Inter
★ 200
6
101
Security valuation
AFM
answered on 09-Mar-26 21:43
How come the numbers 445.6 and 214 4 un denominator in alt 1 and 2 last part of solution
latest answer
Retaining earning is 200 and 50% dividend pay out then 50% is retained i.e 14.4 if you total it out 214.4
Gauri Shete
CA Final
★ 5K+
1
58
IRR Rate assumption
Accountancy
answered on 09-Mar-26 10:22
Sir, If we had assumed 15% initially, then PV of MLP would've been less than FV of the asset, Then we would've considered 2L only.The also in Iease schedule Table, We would've gotten the Closing balance higher than GRV. Then also we had to re calculate the rate, right?? Here you mentioned it Only if FV of the Asset is less than the PV of MLP. then only we have to compute new rate. [Video Time Stamp: 12:47]
latest answer
We take lower of PV of MLP and FV. So if PV of MLP is less than FV, then we will consider PV and not Fairvalue.
Jagadeesh Jaidev
CA Inter
★ 645
1
69
Number of questions to be solved
AFM
answered on 10-Mar-26 10:52
Hi sir. Since we have a huge number of questions in P600, is there any strategy to pick the selected number of questions that is required to be practiced during 1st or 2nd revision. And also can the important question list be used during 1.5 days preparation?
latest answer
U can never solve 100% before exams
Vidyashree Anand
CA Final
★ 0
4
71
Illustration 38
AFM
answered on 08-Mar-26 19:53
Sir, I have a doubt regarding the determination of the optimum replacement period. Why is the cost of the new machine not considered as a factor in this decision? I believe that if the cost of the new machine remains the same across all years, it should also be taken into account while determining the optimum replacement time. Could you please clarify this point?
latest answer
If some is common across all years would you not eliminate it? When finding out eac we are trying to compare opex and not capex as capex is common
Mhd Mmp
CA Final
★ 585
1
57
Net Owned Fund and Non-Performing Asset
Auditing
answered on 17-Mar-26 10:15
As per the glide path prescribed by the Reserve Bank of India, the minimum Net Owned Fund (NOF) requirement for an Investment and Credit Company is ₹2 crore currently, which must increase to ₹10 crore by March 2025 and remain ₹10 crore by March 2026. For the May 2026 examination, should we check whether the ICC has more than ₹2 crore or ₹5 crore NOF for obtaining the Certificate of Registration (CoR) from RBI? Further, for classification of Non-Performing Assets (NPA) in middle-layer NBFCs, should the overdue period be calculated as 180 days or as per the glide path requirement of 90 days by March 2026?
latest answer
For May 2026, the final regulatory norms post glide path are applicable. Accordingly, (i) Minimum NOF for ICC = ₹10 crore, and (ii) NPA classification = 90 days overdue.
Shinisha Rose R
CA Final
★ 5K+
1
92