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Illustration 5
Financial Reporting
answered on 21-Oct-24 10:07
On the date of slaughter , fair value comes to 42420 na [82820/82 ×42] and accordingly my loss comes to Rs 1260. Not getting why is it wrong?
latest answer
You can do it both ways.
Hrishikesh Pradhan
CA Final
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536
Illustration 4
Financial Reporting
answered on 21-Oct-24 10:03
Sir, according to my calculation total loss after remeasurement shall be Rs 2.4L FV as on 31.3.x2= 20*(23500-1100)=448000 and 480*(26500-1100)=12192000 which gives total of Rs 12640000 and Carrying value is Rs 12880000 hence loss of Rs 2.4L. Also, why have you considered Cost to sell as 1000 instead of 1100 for calculation as on 31.3.x2
latest answer
Error in question. Will update.
Hrishikesh Pradhan
CA Final
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324
In what?
Auditing
answered on 21-Oct-24 10:11
In audit report right......................
latest answer
Yes.
07- Issac Jolly-XII C
CA Inter
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Afm ACB
AFM
answered on 20-Oct-24 17:47
Both are similar question in one sum using EAC and another sum they are using npv for decision making
latest answer
there are 1 or 2 unique questions like Q 37 & 40 go through them
Ravi Teja
CA Final
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6
475
at 5:09 Duration
Financial Reporting
answered on 21-Oct-24 10:11
Sir, impairment loss allocated shall be allocated to Other assets which are not measured at Fair value, then why have we allocated to PPE which was actually carried at Revaluation Model.
latest answer
For CGU.- you will measure other assets which are not covered by this standard as per their respective standard. For e.g Inventory will be valued as per Ind As 2. PPE is not excluded so if it is impaired, loss is allocated to that asset. Also note that as per Ind AS 16 - PPE is measured at fair value in case of revaluation of asset. However as per INd As 36 recoverable amount is higher of value in use and FV less cost to sell.
M Naresh
CA Final
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180
Cost of Capital
Financial Management
answered on 20-Oct-24 15:06
Why is the teaching faculty different for this chapter?
latest answer
Yes. They are up to date for the new syllabus.
Vedantika Narad
CA Inter
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3
193
IND AS 105
Financial Reporting
answered on 21-Oct-24 14:42
SIR , IN ILLUSTRATION 5 CAN'T WE CONSIDER IT AS A PART OF ONE MAJOR LINE OF BUSINESS THAT IS CAN IT BE COVERED UNDER POINT B OF DEFINITION OF DISCONTINUED OPERATIONS.
latest answer
Yes. But 1 out of 200 is not major
Umayal Lakshmanan
CA Final
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SPOM
Exams
answered on 21-Oct-24 10:58
1.Is there an option to cancel SPOM exam after choosing the test center? 2. If no, what will happen if I apply and don't give the exam? Will I be able to reapply?
latest answer
The examination form once filled cannot be withdrawn under any circumstances and the candidate will NOT be allowed to claim fee waiver in case of his/her request for the withdrawal/rejection of his/her examination form. You can reapply
Raviteja Kusumanchi
Qualified CA
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Illustration 3- Ind AS 34 Interim Financial reporting
Financial Reporting
answered on 21-Oct-24 10:16
Sir, is my solution correct ? Or is my assumption used will work in exam, if not what shall be proper approach?
latest answer
We cannot assume that the cost is not included. So solve as per how it is done in class.
Hrishikesh Pradhan
CA Final
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478
Doubt
Costing
answered on 20-Oct-24 10:46
Pv ratio= profit/vol or contribution / sales right... Then how in this question it's profit/contribution?... Also pv ratio is used to find the change in profit wrt to sales right?
latest answer
The profit-volume (PV) ratio in marginal costing is the ratio of contribution to sales, and is used to measure a company's profitability: Formula P/V ratio = Contribution/Sales
07- Issac Jolly-XII C
CA Inter
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