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Which all positions of a company are termed a key managerial personal
Accountancy
answered on 19-Nov-24 14:41
Which all positions of a company are termed a key managerial personal
latest answer
"Key Managerial Personnel" (KMP) refers to the following positions within a company: Chief Executive Officer (CEO) or Managing Director (MD) or Manager: These individuals are responsible for overseeing the company's overall operations and strategic direction. Company Secretary (CS): The CS ensures the company complies with statutory and regulatory requirements and implements decisions made by the board of directors. Whole-Time Director (WTD): A director who is in full-time employment with the company, actively involved in its day-to-day management. Chief Financial Officer (CFO): The CFO manages the company's financial actions, including planning, tracking cash flow, and analyzing the company's financial strengths and weaknesses. Any other officer designated by the Board as KMP: This includes officers not more than one level below the directors in whole-time employment, as designated by the Board. Any other officer as prescribed: The Act allows for the inclusion of other officers as KMP as may be prescribed in the future.
Dova Shaji
CA Inter
★ 520
3
909
Why unguaranteed Residual Value is subtracted from COGS?
Financial Reporting
answered on 19-Nov-24 14:22
I did not understand why unguaranteed Residual Value is subtracted from COGS? Please explain
latest answer
The total value of car that comes back to the lessor is residual value. It is not cost of goods sold. Think of it like you sent 100 items and 2 items came back. So cost would be considered only for 98. Same way the residual value of car (Both guaranteed and guaranteed) is not cost of goods sold.
Manu Jacob
CA Final
★ 6K+
1
741
Casual Vacancy caused by Resignation
Corporate & Other Laws
answered on 20-Nov-24 10:18
if casual vacancy is because of the resignation of an auditor, the appointment shall be approved by the company at a general meeting convened within three months Does this provision apply to companies whose Auditors are appointed by the C&AG? Its mentioned alongside the provisions for filling casual vacancy in a non- government company
latest answer
Thank you!
Vishnu Muraleedharan
CA Final
★ 32K+
2
838
Why are we multiplying depreciation also with inflation rate ?
AFM
answered on 19-Nov-24 17:12
Sir, I attached a picture. Can you please tell me how my approach is my wrong ? In second picture from ICAI and how you explained in class, we are multiplying Real Cashflows with inflation for all years. Aren’t we essentially multiplying depreciation with inflation rate too ? My approach is taken because of a similar question in previous problem from ICAI. I am attaching the 3rd picture for reference. Here, dep remained constant. Please provide some understanding as to where did I go wrong in my approach.
latest answer
Sure, no worries. No need to apologise.
Annapureddy Veera Mohan Reddy
CA Final
★ 6K+
3
685
Impairment - Cash Generating Unit
Financial Reporting
answered on 19-Nov-24 14:23
When the asset's value in use is estimated to close to fair value less cost of disposal, we will take the assets fair value less cost of disposal as recoverable amount. In this case, whether the fair value should be taken for individual asset or the whole CGU?
latest answer
If impairment testing is for Asset - consider Asset If for CGU, consider CGU.
SANJITHA
CA Final
★ 375
1
229
as-2
Accountancy
answered on 19-Nov-24 07:08
whay the commission payable is not reduced ?
latest answer
NRV is already given
Gokul N. K
CA Inter
★ 0
1
609
Share appreciation rights
Financial Reporting
answered on 19-Nov-24 14:29
Sir, Can you please provide me the answer (in same ques) if expense is not recognized immediately but it is recognized over three years
latest answer
Very good question! First year = (112 x 10,000 x 95%)/3 = 354,666 Seond year = (109 x 10,000 x 92%)/3 x 2 - 354,666 = 313,867 Third Year = (114 x 10,000 x 89%) - 354,666 - 313867 = 346067
Gunda Sharan
CA Final
★ 150
1
197
Value of option
AFM
answered on 19-Nov-24 09:48
Here we added the value of the option to the project value as it is the benefit we get because of the option, but is not the the premium that we should pay (outflow to us), so should it be deducted.
latest answer
Option premium is paid when one buys or sells an option In this case the contact has an option embedded in it . Question is what is the value of the contract including the option value That is what we have computed PV of inflow - Outflow + PV of option
Raviteja Kusumanchi
Qualified CA
★ 42K+
1
555
Leverage And Ratio.
Financial Management
answered on 19-Nov-24 10:03
Shivshakti LTD Provides the following Details . Equity shares Capital of ₹10 Each = ₹ 5,00,000 12 % Preference Share Capital = ₹ 9,00,000 9 % Debentures = ₹ 17,50,000 Earning per Share =₹ 15.585 P/V Ratio And P/E Ratio 20 % and 10 %. Respectively. Fixed Cost ( Excluding interest ) = 3,75,000 Assume Tax Rate 30 %. You are required to calculate: Operating Leverage. Combined Leverage. Financial Leverage. Earning Yield. Capital turnover Ratio. Return on Capital employed. Return on Assets.
latest answer
Pls solve the question and specifically state where you have a doubt - very unlikely someone will solve a problem for you if just post the question
Rana Darshan
CA Final
★ 810
1
493
Investment decisions
Financial Management
answered on 19-Nov-24 10:11
While computing IRR We need to assume two discounting factors right?? One is higher and the other is lower What happens If the rates(assumed) deviates from the ICAI key Then answers may deviate from key, does it have any impact on marks
latest answer
Thank you sir
Sai Ganesh
CA Final
★ 8K+
2
450