Forums
Ill 10
Financial Reporting
answered on 29-Oct-24 09:17
Why is share of NCI computed using cost of inv (assumed FV) of 10 lakhs in standalone FS and computed using share of net assets (18L * 40%) in consol FS?
latest answer
in stand alone financial statements, we do not record non controlling interest. 40% is the stake sold so we have taken proportionate cost of 40%.
Dhvaritha Ravishankar
CA Final
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273
Logic for Consideration paid - Ind AS 7 CFS
Financial Reporting
answered on 29-Oct-24 09:22
Sir, why did we deducted Rs 72000. Because we paid to entity B which is our subsidiary and hence in consolidated FS it shall not come. Or is the logic like We are paying Rs 72000 in the market hence outflow
latest answer
Entity's B shares were acquired in cash which means we have paid to the shareholders. So technically outsiders.
Hrishikesh Pradhan
Qualified CA
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844
Doubt
Financial Management
answered on 28-Oct-24 17:07
Why only in the case of estimation of WC wrt to value - there is a need to split cost of production into RM, LABOUR, OH... WHY NOT IN INCASE OF TIME
latest answer
Where is it mentioned in this video? Can you elaborate what is the reason for your doubt
07- Issac Jolly-XII C
CA Inter
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1
529
Itc
Indirect Taxation
answered on 04-Nov-24 16:42
It said stock or capital goods How come capital goods are semi finished etc Explain with example
latest answer
Ok.
Sushmita Chowdhury
CA Inter
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3
565
Fixed income
CFA
answered on 28-Oct-24 13:08
Please explain what notching means and in book they gave an example of structural subordination to explain notching I can't understand pls explain Fixed income reading64 Los 64.C last paragraph
latest answer
Notching
Dhakshana Dhakshana
CFA L2
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1
633
Illustration 11
Financial Reporting
answered on 29-Oct-24 18:24
if the loan is a specific borrowing loan we will charge from the date of loan obtained to date the Construction complteted But Here at 14:00 Duration we should have taken 8 Months ( Apr to to 30 th Nov) right, Instead of 7 Month and calculating Interest . Ignoring the fact that it was applied for Land ?
latest answer
Thank you so much sir
M Naresh
CA Final
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2
324
Explain
Auditing
answered on 28-Oct-24 22:42
What does including the right of use assets means in this topic
latest answer
It could be financial lease shown as asset in balance sheet
07- Issac Jolly-XII C
CA Inter
★ 16K+
3
489
Other income
Auditing
answered on 28-Oct-24 20:37
Does entity who's primary activity is financial got any other income included to their total revenue.
latest answer
Not in total revenue.
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
495
Explanation
Auditing
answered on 28-Oct-24 20:41
What is bills purchased and discounted.... And how it's an other income for the company
latest answer
It’s used to mange cash flow. It typically involves banks that purchase the bills before the actual payment due date. They deduct interest and make the payment immediately on such bills.
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
612
Reporting
Auditing
answered on 28-Oct-24 20:41
Where does section 143(1) is placed... Is it under the head 'other legal and regulation requirement.
latest answer
Yes. In audit report, under legal and regulatory section.
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
448