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If recoverabale amount can be calulated for asset
Financial Reporting
answered on 29-Jan-25 07:25
sir in case of recoverable amount of asset can be calculated and carrying amount > recovervable amount, but CGU is not impaired, in this case we need to impair asset as the recoverable amount can be calulated for the asset right ?
latest answer
Yes.
Hemachandra D
CA Final
★ 9K+
1
255
Sir why no amortisation for goodwill in this case ?
Financial Reporting
answered on 29-Jan-25 13:05
Sir why no amortisation for goodwill in this case ?
latest answer
I meant Ind AS 36. As per Ind AS 36 - Goodwill is to be tested for impairment annually. Ind AS 38 - Does not permit recognition of goodwill. Ind AS 103 on business combination - Does not prescribe amortisation for goodwill as provided by AS -14 Amalgamation
Hemachandra D
CA Final
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3
283
Resource
CFA
answered on 29-Jan-25 13:28
Sir can you suggest me a hardcopy of a book where in it covers cfa level 1 end of chapter questions, bluebox examples, additional questions Basically like question bank covering all parts of core reading Concept notes is not required as i have that, only concern is to cover maximum questions and it need to be one book like bible before exam😅
latest answer
Regret we are not aware of such books
Sugam SM
CA Final
★ 9K+
1
276
....
Accountancy
answered on 07-Feb-25 13:29
Sir, In the question it clearly said that, Anual rentals are 6lacs per 3years = 18lacs and Residual value guaranteed by Lessee is 2Lacs Total amount paid by Lessee to Lessor = 20lacs At the end of the 3rd year Lessor must get 20lacs where other 3lacs are Unguaranteed. As if we calculate present value, we got net investment as 17,96,980. I'm not understanding that what does Lessor get at the end of 3rd year... Will he get amount of 20lacs Or 17,96,980/- If get 17,96,980 at end of 3rd year... Then, what will happen to difference of 20lacs and 17,96,980 i.e 2,03,020/- Unearned finance income =5,03,020 include of 3lacs of Unguaranteed residual value 5,03,020-3, 00,000=2,03,020..????
latest answer
The total amount received by lessor is 18 lacs and 2 lacs. The difference is accounted as interest income.
Venkatesh Arva
CA Inter
★ 2K+
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312
IFM - Illustration 18
AFM
answered on 29-Jan-25 20:47
In this question, we have included the cost of debt for computation of WACC but we are assuming that loan is taken by Vishwas and not the company. Isn't it logical to assume that the company has paid the interest instead of Mr. Vishwas?
latest answer
Ok sir
Vigneshwar M
CA Final
★ 2K+
6
264
IFM - Illustration 17
AFM
answered on 29-Jan-25 19:12
Sir, in this question the minimum amount the company should charge from the prospective buyer is USD 4.7427 Million (i.e., the cost & taxes paid in India assuming that no credit of Indian taxes is available in the US). Am I right sir?
latest answer
Thank you sir
Vigneshwar M
CA Final
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2
231
Doubt
Accountancy
answered on 28-Jan-25 14:20
Please explain how to solve this
latest answer
You can ask questions specific to CA/CMA
Shridhara H U
CA Inter
★ 550
1
351
Value of project + abandonment option
AFM
answered on 28-Jan-25 07:18
Sir in Iluustration 26, value of project + abandonment calulated as (PV of Inflows - Investment + value of abandonment) But in this question value of project considered as Investment (Investment + value of abandonment)
latest answer
Good point If u read the questions you will notice a diff In q 26 they are asking whether we should invest or not so NPV is the relevant metric In this Q value of option and value of project with option refer to overall value of the project and not the NPV
Hemachandra D
CA Final
★ 9K+
1
380
if 2 tree probaility ?
AFM
answered on 28-Jan-25 07:19
Sir if in this question if its 2 tree/ 2 years data given, then binomial method using the probabiilty right ?
latest answer
Yes
Hemachandra D
CA Final
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1
262
Exemption
Indirect Taxation
answered on 31-Jan-25 10:25
How is the transportation service provided by the college through the travels exempted?
latest answer
Transportation service provided by educational institutions to students, faculty and staff is exempt.
kathiresh V
CA Final
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328