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Ind AS 105 Non Current asset held for sale
Financial Reporting
answered on 01-Dec-24 12:34
Sir, In measurement principles, Example-1 In year1 Carrying amount= 10,00,000 and FV- Cost to sell= 9,00,000 and Impairment Loss= 1,00,000 and in year2 the Carrying amount= 9,00,000 and FV- Cost to sell= 9,50,000 and reversal of impairment loss= 50,000. My query is that asset is valued at 9,00,000 in year1 and Same value is again in carrying amount in as 9,00,000 in year 2 So, why there should be a reversal of Impairment loss?
latest answer
Originally carrying amount was higher
DIVYA S
CA Final
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1
219
Doubt
Auditing
answered on 05-Dec-24 10:05
If those loans, adv, inv, secu given to any person other than co/firm/llp... In such also this reporting is required right
latest answer
Yes under clause 3 (b)
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
418
Doubt
AFM
answered on 01-Dec-24 07:18
What is the reason for entering into Month contract to buy aud 100000 @ 47.52?
latest answer
There is an original back to back contract entered into by the bank, ( say contract A) based on the forward contract entered into between the bank and the customer ( Contract B) . When customer comes back before due data and seeks cancellation ( Contract B) - the bank cannot cancel contract A. What it instead does is enters into a new contract C with interbank that is exactly in the opposite direction but for same amount of currency as contact A with same due date as contract A. That way on original due date that is after 3 months, contract A and C will cancel each other but each is at a different rate . This difference is exchange loss
RAKSHA
CA Final
★ 0
1
189
Earnings
AFM
answered on 01-Dec-24 07:12
Also when EBITDA itself is 6 Lakhs then Earnings will be less than 6 Lakhs, in answer we have determined earnings as 50,33,333
latest answer
Earnings value is not EPS Earnings value is intrinsic value of share arrived at by capitalising earnings
Hemachandra D
CA Final
★ 9K+
1
503
EPS vs Earnings Value Per share
AFM
answered on 01-Dec-24 07:12
Sir EPS is earnings per share for a partiular period. wheras as earnings value per share is Value of enitity as a whole in terms of per share, Am I right ?( I guess this confusion because they have given Earnings value instead of enterprise value)
latest answer
Yes your understanding is correct
Hemachandra D
CA Final
★ 9K+
1
464
Proceeds from scrap
Financial Reporting
answered on 02-Dec-24 17:46
Timestamp: @ 05:23 Sir, can we first account for the entire carrying amount of Rs. 1,00,000 as loss and subsequently recognize income of Rs. 10,000 as sale proceeds from scrap?
latest answer
No. Its like sale of machine.
Denz Philip
CA Final
★ 10K+
1
211
Calculation of contribution
Financial Management
answered on 01-Dec-24 10:39
Why I'm not getting the contribution as per the book answer if I use financial leverage formula to get contribution amount The ans in the book is by using operating leverage formula
latest answer
Ok thank you
Shaviri Reddy
CA Inter
★ 1K+
2
529
trp
Direct Taxation
answered on 01-Dec-24 18:38
IN THE EXAMPLE OF 30CR WHY HE CANT ALLOW TO TAKE AUDIT DONE BY TRP
latest answer
Tax return preparer cannot file ITR for those assesses who are subject to Tax Audit under Section 44AB.
Saniya Balekai
CA Inter
★ 285
1
428
How
Financial Management
answered on 30-Nov-24 20:37
The average inventory period reduced by 30 days means = 75 - 30 right then how 90- 30 got?
latest answer
What is computed is revised cash cycle Revised inventory is 45 , revised debtors are 45 and revised creditors is 30 so revised cash cycle = 45 + 45 -30 = 90-30 = 60
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
406
updated return
Direct Taxation
answered on 01-Dec-24 18:43
what if we have to file updated return because our income in less and while filing return we updated more return?
latest answer
We can increase the income in updated return.
Saniya Balekai
CA Inter
★ 285
1
404