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Computation of goodwill
Financial Reporting
answered on 25-Oct-24 16:09
What about share of NCI - 16.66%, that is also being taken over, so shouldn't it be recorded at FV and added to purchase consideration?
latest answer
Even notionally the accounting acquirer has acquired 100% of shares of accounting acquiree
Dhvaritha Ravishankar
CA Final
★ 7K+
1
455
AS 22
Accountancy
answered on 25-Oct-24 15:16
Hi sir / madam How unamortised preliminary expenses is considered as Deferred Tax Asset ?
latest answer
Thank you sir
Nagachaitanya Nomula
CA Final
★ 8K+
2
247
AS 2
Accountancy
answered on 25-Oct-24 07:25
When Cost of FG > NRV of FG, RM is valued @ Replacement cost right? Then under this question why cost Rs.140 is considered
latest answer
Okay Sir.Thank you
Soon to be CA
CA Inter
★ 4K+
2
524
Skip
Auditing
answered on 25-Oct-24 15:06
Should i skip audit of banks?.....
latest answer
Not at all. You ll have a compulsory question in exam. It’s not recommended. Also, knowledge on audit of banks is very important. It’s not difficult, please start it.. you will finish with ease. I have covered in detail. You ll find it manageable
07- Issac Jolly-XII C
CA Inter
★ 16K+
2
412
Regarding the option
AFM
answered on 25-Oct-24 07:22
Sir in the question they have mentioned as the put option with strike price can be written. So we need to take Sell Put only. But here we have assumed it as Buy Put. Then the answer will be different.
latest answer
The price at which a buyer buys is same as price at which seller sells If u find buying price it is same as selling price It is easier to think of in buying terms and hence we are always find the price for buyer
S Shriram
CA Final
★ 0
1
193
International Financial Management
Financial Management
answered on 25-Oct-24 07:20
Hi Sir, For the attached question, which is the domestic currency and Foreign currency. As per Parity theory, we use Spot * (1+Domestic inflation) -------------------------- (1+Foreign Inflation) I understood it as =Spot*(1+Inflation rate of India) ---------------------------- (1+Inflation rate of Nepal) However, answer given is =Spot*(1+Inflation of Nepal) ----------------------- (Inflation of India) Can you please help me understand this sir?
latest answer
Here spot is spot of direct quote Whichever currency is base currency in spot quote that has to be in denominator here 1 re = x NPR instead of quote was 1 not = y rupees then you working would be correct Spot quote has to be direct quote of domestic currency
ahmad bunyamin
CA Final
★ 1K+
1
536
Impairment of Asset
Financial Reporting
answered on 28-Oct-24 15:51
In the Illutration no. 18, Question has directly provided that there is a fixed cost of Rs.30 Assuming that the same is calculated on the Actual unit of 10000 nos and subsequently grown by the rate 1% in the second year and 2% until 5th year. Answer would be quite different from the Outflow which was arrived . In the Answer given it was taken Cost of 160 as whole and arrived at Outflow and the approach contracdicts the logic since the question specifically mentions fixed cost and variable cost.
latest answer
Its a valid point. If we assume that the overall fixed cost will grow by given rate, the revised working would result in value in use of 21.93 lakhs. The difference is not significant. Also over longer periods, most of the fixed costs can also vary. So as an estimate, it can be taken on per unit basis and computed. For instance, if capacity has to change, we may need to incur additional costs on fixed csot.
kavitha selvam
CA Final
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1
420
Sec 144
Auditing
answered on 25-Oct-24 15:07
As per sec 144 the stat auditor can't provide the management consulting services right? Then would it not be a contravention of companies act??
latest answer
Some consultation services as provided or allowed by CA Act will be acceptable.
surya sai Karnatakam
CA Final
★ 2K+
1
378
International Financial Management
AFM
answered on 24-Oct-24 20:55
Hi Sir, In the attached question, why is Project's share of allocated Fixed cost of 3mn not considered(point ii) while evaluating the Net cash flow from the subsidiary?
latest answer
Project specific costs are only considered for project allocation not corporate overheads which are anyway incurred whether teh project is taken up or not - hence they are ignored
ahmad bunyamin
CA Final
★ 1K+
1
466
Nov 2024
AFM
answered on 24-Oct-24 20:12
What chapters should we cover in order to get 60 can we left any Chapters fully
latest answer
PM + Forex + derv +Int +40-50 marks including theory M& A + corp val - 10 + marks listed 6 out of 15 chapters :)
Ravi Teja
CA Final
★ 20
1
451