Forums
Why is interim dividend not added
Financial Reporting
answered on 23-Nov-24 12:12
Why is interim dividend not deducted from net profit while computing cashflow from operating activities. It is related to financing activity. Hence should it not added back and later reduced in financing activity?
latest answer
We start from Net profit before taxes or after taxes. The dividend is not yet adjusted. So no need to add back. Dividend is appropriation of profit which is deducted after net profit after tax.
Manu Jacob
CA Final
★ 6K+
1
796
Fair Value of Assets
Financial Reporting
answered on 23-Nov-24 11:24
Why wont we add increase in fair value of assets in the profits as we do in Consolidated FS
latest answer
Increase in Fv on date of acquisition is part of pre acquisition profits and is considered in Goodwill calculation.
Hrishikesh Pradhan
CA Final
★ 18K+
1
548
Remeasurement
Financial Reporting
answered on 23-Nov-24 11:21
Sir, In exercise period also we need to remeasure the liability ?
latest answer
If cash settled
Gunda Sharan
CA Final
★ 150
1
174
Question 18
Financial Reporting
answered on 25-Nov-24 20:32
Sir, Can Parent company pass single entry at the end of year 2?
latest answer
It will distort presentation in Year 1
Gunda Sharan
CA Final
★ 150
1
172
MBA or Bcom
Others
answered on 24-Nov-24 18:01
Hi sir, while doing articleship if we do Bcom or MBA from online/distance, is it mandatory to inform ICAI and take permission
latest answer
OK sir, thank you!
R Yashwanth Kumar
CA Final
★ 87K+
5
514
Cash settled
Financial Reporting
answered on 23-Nov-24 09:01
Sir, Didn't get the logic on why, when Amazon India has an obligation to get shares and pass on to employee is treated as cash settled. why can't be treat it as equity settled because still Amazon India has no obligation to settle shares as it just passing to employees
latest answer
In equity settled it has to be own equity.
Gunda Sharan
CA Final
★ 150
1
183
Section 23 and 24 of CGST Act
Indirect Taxation
answered on 28-Nov-24 11:45
If a person meets one of the cases in which registration is compulsory, but also meets another case where registration is exempt, how do we proceed? Does the exemption prevail?
latest answer
Ok sir, thank you
Vishnu Muraleedharan
CA Final
★ 32K+
3
641
Conversion old course to new course
Exams
answered on 22-Nov-24 20:52
Does June 2023 students need to convert from old course to new course
latest answer
Yes. I guess 500
Kusuma
CA Foundation
★ 0
3
640
Is it financing or investing activity?
Financial Reporting
answered on 24-Nov-24 16:49
When a patent is obtained, is it a financing or a investing activity? If using similar logic in the case as intangible assets, should it not be investing activity and royalty derived from investing activity should be investing activity as well. Please explain
latest answer
By that logic, any income derived by operating tangible fixed assets should also be investing. The income earned by an entity by day to day operation is considered to be a part of operating activity.
Manu Jacob
CA Final
★ 6K+
2
694
SAR
Financial Reporting
answered on 22-Nov-24 17:02
Sir, In the question it is not clear as cash settled or equity settled How it is treated as cash settled
latest answer
SAR are cash settled.
Gunda Sharan
CA Final
★ 150
1
188