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Revaluation surplus
Financial Reporting
answered on 17-Jan-25 09:31
Sir in this ques. After revaluation initially for the Fy 20x4 there is Rev Surplus, same transferred to OCI. During Fy 20X5, there is a dep on revalued asset and it was said in the class that excess dep should adjusted against rev surplus.. but here that is not the case entire dep has been taken to p&l. Is this the right approach or did I missed out anything.
latest answer
There are two options 1. Depreciation based on Revalued Amount - Depreciation based on original cost -> Transferred to Retained Earnings from OCI. IN this case full depreciation is debited to P&L. 2. Transfer to the revaluation surplus to Retained earnings after the asset is disposed.
kavitha selvam
CA Final
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374
NPV Calculation
AFM
answered on 17-Jan-25 07:50
Why we are reducing growth from Ke for NPV Calculation, Ke - g is formula for the price determination? Please help me understand, Sir
latest answer
Ke-g
Dilip Kumaran
CA Final
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279
Investment decision
Financial Management
answered on 17-Jan-25 07:59
Can anybody tell me, in this question, we are calculating the cash flow of Aryayash Ltd, then why is the tax rate of Vyom Ltd (25%) taken instead of Aryayash Ltd(20%)?
latest answer
Ok sir Thank you
Arun Cp
CA Final
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305
Will all directors of the company be disqualified?
Auditing
answered on 16-Jan-25 23:12
Will all directors of the company be disqualified?
latest answer
Yes .. basically the one responsible for these matters.
Manu Jacob
CA Final
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222
Query
CFA
answered on 19-Jan-25 09:39
Operating Lease Calculations, Share Based Compensation and various treatments under US GAAP & IFRS for leases has not been covered in this lecture. They are a part of the latest syllabus.
latest answer
This is video No. 27
Aayushi Bawa
CFA L1
★ 0
4
334
Reversal of impairment
Financial Reporting
answered on 21-Jan-25 10:04
While reversing the impairment loss, on which basis I should decide to allocate like whether to go with type 1(i.e, calculate the carrying amount without impairment and compare) as per qn or type 2( split the impairment loss as per the ratio of carrying value) as you changed the recoverable amount to 9 lakhs.
latest answer
You will consider the carrying amount before after impairment and subsequent depreciation.
Pradeepa Narayanan
CA Final
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265
Can the new auditor who was hired after casual vacancy of previous auditor be hired again during the AGM?
Auditing
answered on 16-Jan-25 23:12
Can the new auditor who was hired after casual vacancy of previous auditor be hired again during the AGM? If yes will it be the same terms of 5/10 years?
latest answer
Yes
Manu Jacob
CA Final
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1
300
For a firm the term is 2 terms of 5 years
Auditing
answered on 16-Jan-25 23:13
For a firm the term is 2 terms of 5 years. So if there is a break in the 3rd year of first term, will he get to audit 2nd term of 5 years?
latest answer
Yes it’s continuous 2 terms of five years. Break in one is considered to be completion of first tenure
Manu Jacob
CA Final
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1
279
Exam preparation
Others
answered on 17-Jan-25 11:22
Is it possible to clear inter both groups with 2 months of preparation
latest answer
Thank you
Shwetha Ram
CA Inter
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4
291
Forex - Illustration 77
AFM
answered on 17-Jan-25 09:58
How to interpret the txn " Draft on London cancelled" as it is in the Purchase column of the exchange position
latest answer
Yes
Vigneshwar M
CA Final
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3
273