Forums
Is it adverse or material
Auditing
answered on 05-Jan-25 23:21
If a fraud has occurred in the entity, but the amount is not material and it is not pervasive. Will this be a qualified opinion or adverse opinion?
latest answer
Fraud by nature is material. More importantly , depends upon who has committed it. Top level or other employees. These parameters are also considered to decide the opinion
Manu Jacob
CA Final
★ 6K+
1
215
Calculation of fv formula for annuity
Financial Management
answered on 03-Jan-25 13:48
Why formula 2 deducted from formula 1, and neither multiplied nor added, and what if added, also if we add or subtract then why addition or substraction 's final effect not adjusted in final formula..?
latest answer
This is a mathematical derivation of how you arrive a FV if you wish to multiple divide or add or do any such mathematical operation you are free to do so as long as you end up with answer on screen This is taught to you to help you understand how formula is derivied and not for exam purpose Please treat it as such
Vijay Jagad
CA Inter
★ 220
1
1K+
Ammendments
Indirect Taxation
answered on 03-Jan-25 12:31
Sir are idt classes amended for May 2025 ?
latest answer
They are updated till Nov 24. With respect to May 25 amendments, it all ready but ICAI is yet to release statutory update. Once ICAI releases, we will release the amendments video
Enuguru Sai Nithin
CA Final
★ 78K+
1
756
Lease Modification
Financial Reporting
answered on 12-Apr-25 16:50
In Material which was provided it is stated as In case of Reduction in ROU Asset- ROU Asset to be proportionately reduced to the redution in ROU asset, While lease Liability to be calculated using revised rate (IBR or IRR) and difference thereby to be charged to P&l A/c. While in our class we have proportionately reduced both ROU and lease liabilty and charged difference to p&l A/c and then calculated lease liability using Revised rate but now, the difference between proportionately reduced lease liability and revised liability has been been taken back to books by increasing ROU Asset & LL to such extend. Is this approach is right sir.
latest answer
I have updated the chart
kavitha selvam
CA Final
★ 2K+
4
824
Computation of Revised Portfolio Beta
AFM
answered on 03-Jan-25 13:56
Sir, in lecture 29 (Illustration 8), while computing the revised portfolio beta, we adjusted the MTM Loss of INR 2 lacs from the cash balance (INR 15 lacs to INR 13 lacs). However, in this question (lecture 33 - Illustration 12) the MTM Loss of INR 39 lacs has not been adjusted against any balance. Since there is no cash balance information in this question, can we take the cash balance as negative (i.e., - 39 lacs INR) so as to maintain consistency in the approach to solving similar problems, in which case the Revised Portfolio Beta would be 0.9350.
latest answer
IN both questions we are not finding value of portfolio but Portfolio beta - MTM loss is adj in value of NIFTY position in both questions - so no need to adjust twice or again
Vignesh Panigrahi
CA Final
★ 1K+
1
221
Missing cfs
Financial Reporting
answered on 03-Jan-25 10:15
HI sir, can u pls share consolidated financial statements notes here
latest answer
You can download from resources section.
manikanta gummalla
CA Final
★ 0
1
849
Marginal costing
Costing
answered on 03-Jan-25 14:51
Give me details calculation of how should I calculate minimum price on the additional units on profit of 167300
latest answer
First compute profit for current capcacity and costs. After that find out how much more profit is required. Minimum price = Variable cost + balance profit/no of units.
nikil mahajan
CA Inter
★ 0
1
1K+
Offline videos
Others
answered on 03-Jan-25 14:14
Good morning sir! Yesterday I downloaded some videos sir. But those videos are not available today. Everything got automatically deleted. What to do sir?
latest answer
All the videos should be there. You should be able to see them even now under the downloads tab, follow the below flow: Left menu -> My Enrolled Courses -> Downloads tab at the bottom
Viveka R
CA Inter
★ 3K+
4
938
Loss
AFM
answered on 03-Jan-25 08:23
Sir can we say like this, to get USD 10mil needed to Pay Extra 5000 EURO than what we got for, to get that Extra 5000 EURO you need to give Dollars and To give Dollars You need to Buy Dollars using Indian Rupees.
latest answer
Sir My doubt got cleared
Mohanbabu N
CA Final
★ 3K+
1
210
Decimals
AFM
answered on 03-Jan-25 10:49
Unless, the question provides for limiting the Decimal digits, what is the safe decimal digits in general to be taken.
latest answer
4
Pradeep Malur
CA Final
★ 1K+
1
195