Forums
At 9: 38 Duration Doubt
Financial Reporting
answered on 07-Oct-24 13:03
Sir Fair value as On settlement date was 1350 but we booked Expenditure only for 1100 as employee Benefit expense and additional loss 250 we should book know sir ?
latest answer
Thank you sir
M Naresh
CA Final
★ 3K+
2
211
Deposits issued for less than 6 months - 10% Limit
Corporate & Other Laws
answered on 05-Oct-24 22:04
Am I correct in understanding that the aggregate of all such 'short term' deposits raised (past + proposed) by the company should be less than 10%?
latest answer
Yes, you are correct in your understanding. The aggregate of all short-term deposits issued by a company, for less than six months, should not exceed 10% of the aggregate of: 1. Paid-up share capital, 2. Free reserves, and 3. Securities premium account. This is an exception to the general rule that companies cannot accept deposits for less than six months. Additionally, these deposits are only repayable on or after three months from the date of deposit or renewal. THIS IS THE CORRECT ANSWER FOR THIS QUESTION 1ST I SEND WRONGLY FOR AN OTHER PRELIMINARY CHAPTER QUARRY
Vishnu Muraleedharan
CA Final
★ 32K+
3
569
Orientation program
Others
answered on 05-Oct-24 20:04
Respected sir / mam I have applied for orientation program on 16th September which is about to start on 16th October, the acknowledgement status is showing as awaiting approval and haven't got any confirmation mail or message . What am I suppose to do now. Will i be able to attend the program on registered date
latest answer
Ok sir, thank you
Sowmya
CA Inter
★ 45K+
2
586
Method identification
Financial Reporting
answered on 05-Oct-24 22:39
Also, how did we understood that the method used is Fair Value method. Is it because they gave us fair value of each share
latest answer
Noted sir !!
Hrishikesh Pradhan
CA Final
★ 18K+
2
550
Logic for Fair value of NCI
Financial Reporting
answered on 05-Oct-24 22:39
Could you please explain the logic of Considering Fair Value of NCI for calculation of Goodwill.
latest answer
Okk Sir !
Hrishikesh Pradhan
CA Final
★ 18K+
2
563
preliminary
Corporate & Other Laws
answered on 06-Oct-24 12:31
generally when a company holds more than 50% of shares in another company ,then the other company is a subsidiary of holding company.So how come when govt is not holding more than 50% in a company but still it is considered as subsidiary in this case?
latest answer
The concept of "Subsidiary Company" and "Government company" are defined separately in the Act. They are not interlinked. Consider the definitions stated by law as it is.
Niveta Rajkumar
CA Inter
★ 6K+
2
588
Allocation of Impairement Loss
Financial Reporting
answered on 10-Oct-24 11:22
While allocating, why are we allocating whole 1000, as 200 is notional goodwill, while charging impairement, it shall be only to the amount which will be shown in books na?
latest answer
The recoverable amount is calculated for the entire subsidiary. Since in proportionate share in net asset method, the goodwill is only partial (pertaining to parent), we add notional goodwill to make it full goodwill. Else the comparison is not appropriate.
Hrishikesh Pradhan
CA Final
★ 18K+
2
594
Ind AS19
Financial Reporting
answered on 05-Oct-24 15:30
generally return on plan asset is calculated on opening balance and not on additional contirbutions during the year .please clarify.
latest answer
Yes. Unless the question specifies.
natarajan k
CA Inter
★ 3K+
1
490
Please explain this part
CFA
answered on 05-Oct-24 15:08
Members and candidates must adhere to their Employer's policy concerning social media.when planning to leave an Employer Members must ensure that social media use complies with their E'rr policy for notifying clients about employee separations
latest answer
Follow rules of ex employer
Dhakshana Dhakshana
CFA L2
★ 18K+
1
457
Concept Notes
Financial Reporting
answered on 07-Oct-24 11:29
Some of the points that the faculty discuss in the class are not found in PDF notes provided by you. It will be helpful if those concept notes that are dictated in the class are available.
latest answer
I am preparing summary notes for this chapter. It will be available by end of this week.
Mithun CA
CA Final
★ 160
3
210