Forums
Entity
Accountancy
answered on 12-Nov-24 08:30
What does level 1entity means?
latest answer
Level I entities are large size entities (i) Entities whose securities are listed or are in the process of listing on any stock exchange, whether in India or outside India. (ii) Banks (including co-operative banks), financial institutions or entities carrying on insurance business. (iii) All entities engaged in commercial, industrial or business activities, whose turnover (excluding other income) exceeds rupees two-fifty crore in the immediately preceding accounting year. (iv) All entities engaged in commercial, industrial or business activities having borrowings (including public deposits) in excess of rupees fifty crore at any time during the immediately preceding accounting year. (v) Holding and subsidiary entities of any one of the above.
Kaaviya Priya
CA Inter
★ 890
1
280
Doubt on amount considered
Financial Reporting
answered on 13-Nov-24 12:42
Sir,why it is considered 6 million as the cost of overhaul in y6 while in the question it is specified as 5 million
latest answer
5 is estimated at beginning. Around 3:25, I have mentioned that let's assume it actually turns out to be 6.
Abhinav K A
CA Final
★ 2K+
1
199
MRGINAL RELIEF
Direct Taxation
answered on 12-Nov-24 09:22
AFTER CALCULATING MARGINAL RELIEF WHICH TAX HAVE TO PAY ? WHETHER THE TAX AFTER CALCULATING MARGINAL RELIEF OR NORMAL ONE?
latest answer
Need to pay tax after calculating the marginal relief
Saniya Balekai
CA Inter
★ 285
2
549
Deductions
Direct Taxation
answered on 12-Nov-24 09:31
Deductions ₹10,000 and interest earned or total income which amount less
latest answer
Deductions under Chapter VIA cannot exceed total income. As per Section 80TTA, deduction for interest on savings bank account is interest or 10K whichever is lower.
mohamed rafiq
CA Inter
★ 100
1
510
Syllabus covered
Accountancy
answered on 12-Nov-24 08:33
"I have questions regarding the syllabus. AS 19 was not included in my syllabus but was covered in the CMA Inter Financial Accounting topics. Could you please let me know which topics covered are not part of the CMA Institute material? Additionally, for the topics covered, could you clarify which sections in the CMA Institute books they apply to? Thank you, and I request that you provide these details."
latest answer
AS 19 Leases is covered in CMA Inter as Lease Accounting.All the topics that we teach are covered in CMA material.
Kathiravan Arunagiri
CMA Inter
★ 0
1
294
Value of original shareholders
AFM
answered on 12-Nov-24 12:52
In the study material, the pre-acquisition value of 211.05 Crs has been apportioned in the post acquisition % of share in the combined entity. Isn't it fundamentally not correct? That is, either they should've applied the percentages on post acquisition market value of the company or they could've simply started the pre acquisition values computed in sub-question (i)
latest answer
Ok sir :)
Vigneshwar M
CA Final
★ 2K+
12
399
Fixed income
CFA
answered on 11-Nov-24 19:11
Pls explain tried multiple times but can't understand this concept of adjusting yields for periodicity I know what is effective annual yield of a bond(overall return after accounting for compounding frequency) but what is this concept abt?assist me logical way to solve this or is there any formula I can memorize to solve this
latest answer
Yield
Dhakshana Dhakshana
CFA L2
★ 18K+
1
429
Preparation of financial statements of companies - illustration 4
Accountancy
answered on 15-Nov-24 17:10
Hi sir / madam My doubt is why balance amount of current year profit and loss of 1,42,500 (after deduction of dividend of preference shares i.e 3,00,000 - 157500) is not considered while calculation in condition II . [But the current year profit was considered for condition II in the example which was given in previous video but not considered in this video]
latest answer
We need to check balances as per latest audited balance sheet i.e. previous year.
Nagachaitanya Nomula
CA Final
★ 8K+
1
256
AS-10
Accountancy
answered on 11-Nov-24 17:44
Can any one explain what is Interest charges paid to o supplier against deferred credit & Why it is not capitalised
latest answer
interest expenses incurred on a purchase arrangement where the payment for goods or services is deferred over a period of time, typically beyond the normal credit terms. For e.g. if you buy a product on credit for 90 days and supplier charges interest on it, it is called interest charges paid to supplier. Whether to capitalise or not depends on whether the asset is qualifying asset or not
Gokul N. K
CA Inter
★ 0
1
608
Exchange Ratio
AFM
answered on 11-Nov-24 15:36
In this illustration, since they've specifically given that there are no synergy advantage available, does the of assumption that the PE will continue to remain 40 in the combined entity? That is, given there are no synergies, the value of the new combined entity will be just a simple addition of pre-merger values (2400+480=2880) & the PE will automatically come down to 36.92 post merger [Market price of Rs. 184.615 (2880L/15.6L) divided by EPS of Rs. 5 per share (78L/15.6L) equals]. Hence, the exchange ratio shall be 5:6 so that the shareholders of NN Ltd would not be at a loss when the shares of combined entity (with a PE of 36.92) are allotted to them. This can also be compared to Illustration 4 in P600 Compiler, where the PE of combined entity is same before merger but there are synergies in that case [2L + 1L becomes 3.5L].
latest answer
Ok sir Thank you!!
Vigneshwar M
CA Final
★ 2K+
7
658