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doubt
CFA
answered on 08-Dec-24 16:57
what is the equation and slope of sml
latest answer
SML In equation form is CAPM Slope = (mrp)
Kaarthick Abishek
CFA L1
★ 0
1
572
Salary
Direct Taxation
answered on 09-Dec-24 11:48
When no of years completed & part thereof is given 15.6 years considered as 16 15.4 years considered as 15 15.8 years considered as 16 Am I correct?
latest answer
Yes right.
Soon to be CA
CA Inter
★ 4K+
3
505
SAE
Auditing
answered on 09-Dec-24 18:26
What is the meaning of Pro Forma Financial Information ?
latest answer
they are projected financial statements that show expected position, performance, cashflows. they are based on assumptions
Harish Kumar
CA Inter
★ 17K+
1
390
Setoff and carry forward of losses [S.71 - Inter head adjustment]
Direct Taxation
answered on 09-Dec-24 11:46
(3A) Notwithstanding anything contained in S.S. (1) or S.S. (2), where i.r.o. any A.Y., the net result of the computation under the head "IFHP" is a loss and the assessee has income assessable under any other head of income, the assessee shall not be entitled to set off such loss, to the extent the amount of the loss exceeds ₹2L, against income under the other head. Doubt: is this 2L limit applies also for carried forward "house property loss" ?
latest answer
Once the losses are carried forward then only Intra head set off is allowed.
Girinath A
CA Inter
★ 765
5
805
Additional Interest
AFM
answered on 08-Dec-24 05:49
Sir we are assuming that the addional interest will be incurred now itself right, so we reduce from the current PAT
latest answer
Yes it is a theoretical exercise especially because they have not given any data for next year
Hemachandra D
CA Final
★ 9K+
1
510
Preparation of Financial Statements
Accountancy
answered on 09-Dec-24 09:08
In one question “Loose Tools” is considered under PPE & In another sum under “ Inventory “ what’s the reason?
latest answer
Tools of substantial value & used for more than a year can be considered as asset and if it is a stock in trade then it will be shown in inventory
Soon to be CA
CA Inter
★ 4K+
1
553
Preparation of Financial Statements
Accountancy
answered on 09-Dec-24 15:52
What’s the treatment for adjustment number 8
latest answer
To be disclosed as contingent liability
Soon to be CA
CA Inter
★ 4K+
1
582
SA 230
Auditing
answered on 09-Dec-24 18:30
IN RHE SAMPLE QUASITION BRNACH AUDIT IS BEING CONDUCTED BY OUT SIDE AUDITOR. HENCE HE NOT OBLIGATORY TO SHARE AUDIT DOCUMENTS TO HEAD OFFICE QUDITOR. IN CASE ENTIRE AUDIT IS BEING CONDUCTED BY SINGLE FIRM HAVING BRANCHES EVERY WHERE BY DIFFERENT AUDITOR (ENGAGEMENT AUDITOR), THAT IT IS OBLIGATORY TO SHARE WITH AUDIT DOCUMENTS TO HEAD OFFICE AUDITOR UNDER SQC 1. HOPE I AM CORRECT KINDLY CLARIFY PLEASE.
latest answer
In such case they are not considered as different auditors. So it can be shared between engagement partners of same firm.
LAKSHMI NARAYANA perakam
CA Final
★ 0
2
686
Illustration 8
Financial Reporting
answered on 09-Dec-24 17:20
Sir, At year 1 FL liability is measured at FV adjusted with transaction cost but 500,000,000 is not the FV na, isn't it discounted with 11.5% to bring it to FV?
latest answer
I have shown how 11.5% is arrived at. 11% is used to determine the actual interest outflow.
Gunda Sharan
CA Final
★ 150
1
223
doubt
CFA
answered on 08-Dec-24 05:46
do we have this topic ?? for cfa level 1 and in portfolio management?
latest answer
No it has been retained in the videos as it is an important topic from understanding perspective - it was there in Prev syllabus. Have added as suffix to chapter name ( Addtl topic)
Kaarthick Abishek
CFA L1
★ 0
1
535