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Additional expenses in part ii
AFM
answered on 24-Nov-24 08:43
Can we assume that additional expenses are paid upfront similar to premium, hence FV of the same should be computed.
latest answer
Yes. But even without considering Time Value of Money for that 30K The FC borrowing from Indian bank is cheaper - yes you can compute but that does not change the answer
Raviteja Kusumanchi
Qualified CA
★ 42K+
1
436
Impairment loss & its reversal
Financial Reporting
answered on 24-Nov-24 13:24
In the last example, At the end of year 2, F.V less cost to sell to be compared with which Carrying amount (that is Carrying amount as on end of year 1 or carrying amount at the end of year 2 had the impairment was not done), sir?
latest answer
We compute carrying amount at end of year 2 as if impairment was not done.
Swathi S
CA Final
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1
186
Reversal of Impairment loss
Financial Reporting
answered on 24-Nov-24 13:25
Carrying amount that would have been determined had the impairment not been recognized in prior years - Here the term impairment, whether refers to impairment loss recognized under both the Indas 36 and Indas 105, sir?
latest answer
Here its only Ind AS 105. Reversal of impairment loss under INd AS 36 is done only if reversal indicators are observed.
Swathi S
CA Final
★ 975
1
205
Doubt
Financial Reporting
answered on 24-Nov-24 16:47
So if a company has been in existence for 50 years, if there is a change in policy, do we have to go back to Y1 and calculate what would be the amount in Y50?
latest answer
If the company has been in existence for 50 years, it does not mean you go back 50 years to calculate the effect of the change for every year. Instead: 1. Apply the policy retrospectively to the extent practical. Practical Considerations: If restating the entire 50-year period involves undue cost or effort, Ind AS 8 allows for adjustments to start from a feasible date. Disclosures are required to explain the nature of the change, reasons for it, and any practical constraints.
Manu Jacob
CA Final
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647
Aggregation of income and set of and carry forward of losses
Direct Taxation
answered on 26-Nov-24 14:46
Aggregation of income set of an carry forward of losses
latest answer
HP loss can be carried forward even though ROI is filed after the due date.
Naina 74
CA Inter
★ 0
1
545
correlation ( auto correlation)
AFM
answered on 24-Nov-24 08:47
in a week form of efficiency ,todays prices reflect all information found in past , this means that todays price is related with past price , then how it is said that inorder to satisfy weak form of efficiency there should be no relationship between past and future price movements
latest answer
I explained it from 8.00 minutes to 9.00 minutes in this video Please finish full chapter with all questions - you will understand the concept - if not ping again specifically pointing out what you did not understand - i am here to help
S.Aathma Dharshini
CA Final
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227
General query
Financial Reporting
answered on 23-Nov-24 14:59
Sir, For better understanding of this standard is it recommended to watch AFM class first? Because I am unable to understand few terms like derivatives Please suggest
latest answer
Derivatives is covered later in detail. So no need to worry.
Gunda Sharan
CA Final
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1
232
Strategic choices
Strategic Management
answered on 23-Nov-24 16:05
I don't understand 2nd and 4th point..can anyone please explain??
latest answer
Thank you
Priyanka R
CA Final
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623
Aggregation of income set up and carrry forward of losses
Direct Taxation
answered on 26-Nov-24 14:47
How much loss can be set of house property from other head of income 2 lakh or 260000
latest answer
Loss from HP can be set off with other income only to the extent of 2L and the balance shall be carried forward.
Naina 74
CA Inter
★ 0
3
569
Idle time
Costing
answered on 27-Nov-24 15:45
If in the case of controllable idle - what is the treatment. Such amount will also go to costing p/l right?.....
latest answer
Yes
07- Issac Jolly-XII C
CA Inter
★ 16K+
2
621