Forums
Business Combination - Contingent Consideration
Financial Reporting
answered on 23-Sep-24 10:45
Sir if it is Equity issuable on consideration we will remeasure know sir Through FVTOCI or FVTPL as per ind AS 109. Why it was not remeasurable in chapter Ind AS 103
latest answer
If the consideration is fixed number of shares - it is classified as equity and it would not be re-measured. The classification through FVTOCI or FTVPL is for asset i.e investment. But when a company issues, these are not assets.
M Naresh
CA Final
★ 3K+
1
591
SA 299 Joint Audit of Financial Statements
Auditing
answered on 22-Sep-24 15:36
Ma'am can you please share example/s for common and specific allotted areas of Audit.
latest answer
👍
Kalaiarasi Sowtharman
CA Inter
★ 470
3
705
Consolidated financial st
Accountancy
answered on 23-Sep-24 11:14
Unrealised profit WHY is not shown in analysis of profit and deducted from consolidated reserve and minority ?
latest answer
It is adjusted separately. You can show in analysis of profits as well if subsidiary has sold to holding.
Sushmita Chowdhury
CA Inter
★ 2K+
1
516
Illustration
Financial Reporting
answered on 23-Sep-24 14:49
At 13: 40, Goodwill computed on Proportionate net assets method completely attributable to Acquirer know sir, why we have attributed to NCI also ?
latest answer
Where have we attributed? We have computed impairment on goodwill. This is done on Computed goodwill amount. If your query was different, please let me know.
M Naresh
CA Final
★ 3K+
1
208
Lease
Indirect Taxation
answered on 25-Sep-24 13:39
Lease more than 30years by govt to industrial plot for doing financial business Upto what amount exempt ?
latest answer
If lease is 30 years or more then it is exempt.
Sushmita Chowdhury
CA Inter
★ 2K+
1
521
Mode- method of grouping
Maths & Stats
answered on 26-Sep-24 22:10
Sir here on what basis we do grouping and please explain the analysis table also…
latest answer
Pls share the source and clear textbook pictures
Sugam SM
CA Final
★ 9K+
3
746
Current liabilities
Financial Management
answered on 20-Sep-24 11:20
Why we are including wages and overheads for computing current liabilities (those are trading account items other than in balance sheet which is under the head of current liabilities) It includes only creditors,bank o/d etc.
latest answer
yes
anju B
CA Inter
★ 21K+
3
424
AS 17 - Segment Reporting
Accountancy
answered on 23-Sep-24 15:18
Para 50 and 51 respectively refer to a 'customer-based geographical segment' and 'asset-based geographical segment'. Is this just another way of referring to a Geographical Segment based on Location of Customer / Asset respectively?
latest answer
Thank you sir!
Vishnu Muraleedharan
CA Final
★ 32K+
2
470
Formula doubt (walters model)
Financial Management
answered on 20-Sep-24 09:59
The denominator should 1 + ke right why is it only ke!!
latest answer
Hey, the formula you have shown is not for the Walter Model P = EPS / Ke holds true when EPS is assumed to be constant. It is the formula for the present value of a perpetuity (perpetual EPS in this context)
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
551
Illustration 5 Calculation
Financial Reporting
answered on 23-Sep-24 14:59
In the question, haven't we deducted Rs 65160 twice, it shall be deducted once na? We deducted it from the interest component retained and also deducted it separately. Also, i did not understood the logic of deduction from interest retained
latest answer
We are not deducting twice. Interest amount given includes fair value of collection fee.
Hrishikesh Pradhan
CA Final
★ 18K+
1
394