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Q
Financial Reporting
answered on 20-Mar-26 10:35
Sir, if investments are measured thro FVTPL, then they are shown at FV so further CFS is not required.But why does the same logic not apply to FVTOCI? [Video Time Stamp: 08:26]
latest answer
Post acquisition profits of subsidiary are to be recognised in PL. If FV Changes are recognised in OCI, the PL will not give true picture. However, IF it is recognised as FVTPL, then the Consolidated PL will reflect performance of subsidiary
SANSKRITI BADRI 2111339
CA Final
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solving problems
AFM
answered on 17-Mar-26 05:34
sir do i need to solve each and every problems that sriram sir solved in the AFM class?
latest answer
If your attempt is in May 26 then u can’t do that now But if anytime beyond that. Would suggest you solve all problems
Balamurugan V
CA Final
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78
Gain or loss on squaring off
AFM
answered on 16-Mar-26 17:33
Sir you have mentioned that we should reverse the original transaction while squaring off. So is it the original transaction of Base currency or just the initial transaction that have been entered into [Video Time Stamp: 01:00:43]
latest answer
Original transaction we entered into
Vidyashree Anand
CA Final
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79
Q
Financial Reporting
answered on 24-Mar-26 10:12
Sir, the post acq profit of 1,18,540 is after deducting 100% dividend, So, to compute post acq share of parent, shoudn't we add back 70% dividend? It is paid to parent, so it should be eliminated? [Video Time Stamp: 30:14]
latest answer
You will add back parent's share of dividend and again deduct since its already credited to PL. So net effect is same.
SANSKRITI BADRI 2111339
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AFM may 2026 exam date
Exams
answered on 15-Mar-26 17:17
Will the AFM exam be conducted as scheduled.since it clashes with election result date does it have chances of postponement
latest answer
Will get to know by early April
bharath raj
CA Final
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121
Q
Financial Reporting
answered on 24-Mar-26 10:18
In order to take net value of assets in this q, why are we taking 1280? Isnt this inclusive of goodwill?Shouldn't we de recognise 1190, derecognise full goodwill at 90, and then show inv in subs at 1190*10%.Why are we including goodwill instead of seperately derecognizing it fully?Is it also in proportion to the stake sold?But dont we recognise goodwill when control is obtained, and we should de recognise completely at the time of disposal of even 90%, because control is lost, and we should only show inv in subsidiary in books? [Video Time Stamp: 06:16]
latest answer
When control is lost entire goodwill and net assets are derecognised. So in this case, we have derecognised entire 90 of goodwil and net assets. The 10% stake retained is valued at fair value.
SANSKRITI BADRI 2111339
CA Final
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financial liability
Financial Reporting
answered on 15-Mar-26 21:34
sir, in this question, there has been said alternatively can redeem by equity shares. but this treatment is not solved? [Video Time Stamp: 00:01]
latest answer
If the bonds are converted, then the liability portion is transferred to equity. Accounting over the period of bond does not change.
santosh durgapu
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financial liability
Financial Reporting
answered on 15-Mar-26 21:34
sir, in this question it has been said that only part conversion(50%) is redeemed at premium. what treatment shall we take if cash is also paid at premium of 10%? [Video Time Stamp: 05:12]
latest answer
Then you will consider the outflow at 10% premium. Effective interest rate will change.
santosh durgapu
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Futures price to be considered
AFM
answered on 15-Mar-26 15:14
In Illustration 30 the question has provided the nifty futures value so we are considering 19900 in calculation. The similar sum in Illustration 31 we have considered Theoretical futures price. Which is the correct approach sir [Video Time Stamp: 02:03:42]
latest answer
In 31 not current value of futures is available. so we have to assume futures are trading at theoretical value in 30 values are provided which you have to use
Vidyashree Anand
CA Final
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77
Illustration 5 - Long or short portfolio
AFM
answered on 15-Mar-26 11:32
You have mentioned that in Nifty we should go short as the portfolio is long. They have not mentioned anything about long or short for the portfolio so if nothing is mentioned then should we assume it as Long? [Video Time Stamp: 01:08:24]
latest answer
Portfolio investments are always long. Since it includes shares bought.
Vidyashree Anand
CA Final
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