Forums
As 10
Accountancy
answered on 06-Aug-24 16:00
4 th one how to calculate . Method
latest answer
Thank you
Lucky Ten
CA Inter
★ 0
2
276
CFS
Financial Reporting
answered on 06-Aug-24 15:55
What is partial goodwill method? How it affects NCI to be derecognized in loss of control?
latest answer
Partial goodwill is when you use proportion of net assets method. Full goodwill is when you take NCI at fair value.
Durai Murugan
CA Final
★ 470
1
289
Doubt
Exams
answered on 06-Aug-24 16:16
Sir , in may 2024 attempt I was unable to crack group 2 exam due to shortage of 15 marks . In practical subjects costing and Fm Sm , i was unable to score better. I had solved study material questions not very diligently but on overall basis . This time I have started to solve all types of different questions and not same type on rough paper , including study material as well as all questions from may 2018 . But it's taking time and also i am getting wrong in easy question also due to silly mistakes . My question is , is my approach wrong to solve questions from may 2018 or should I solve only past 3 to 4 attempts rtp , mtp , or should I solve questions before may 2018 attempt also ? Also , how to complete these all practice before exam, as if I make a schedule i am unable to meet daily targets. So should I give equal time to all subjects say 30 days are left so , 10 days for each subject and doing whatever we can do for that subject in 10 days .
latest answer
If concepts are clear, you should focust on solving past exam papers as much as possible. Solve some questions as if you are doing in an examination set up and not on rough paper. Any question which you find has a difficult adjustment, make a note of it for further revision
Anirved Rahatgaonkar
CA Inter
★ 0
1
299
NCI to be derecognized on loss of control vs no loss of control
Financial Reporting
answered on 19-Aug-24 17:09
In ILL 13 - loss of control NCI derecognized = Net assets of subsidiary (excluding goodwill) * NCI's stake In ILL 10 - no loss of control NCI derecognized = Net assets of subsidiary (including goodwill) * NCI's stake Why goodwill is included in NCI derecognized in no loss of control?
latest answer
Pls let me know when you are available?
Durai Murugan
CA Final
★ 470
2
223
Suggested answers
Others
answered on 06-Aug-24 15:48
Can you provide suggested answers for CA Inter may 24 question paper for all the subjects ASAP
latest answer
ICAI has not yet released.
NANDHINI U S
CA Inter
★ 37K+
1
281
Right
Accountancy
answered on 06-Aug-24 15:32
Correct me where im wrong Bonus or right are declared say on 1/6 Then when bonus or right shares are given I.e 1/7 is the record date ? I,e when shares are credited to investor account ?
latest answer
It will be credited within 2 to 7 days post the record date
Sushmita Chowdhury
CA Inter
★ 2K+
7
293
Assertion Level
Auditing
answered on 08-Aug-24 19:58
Ma'am What is assertion Level? In web the meaning it is saying is Fact, but in connection with Auditing, What is assertion level?
latest answer
Assertion is basically what the management is representing. Like valuation, ownership, measurement etc, one particular aspect. We check these assertions for Their correctness so We call it assertion level. And also; we then check over all financial statements level.
Kalaiarasi Sowtharman
CA Inter
★ 470
5
571
Preparation of financial statements
Accountancy
answered on 06-Aug-24 15:45
Icai material Pg no.11.45 Illustration 6 Even though it is not mentioned in the question to provide for interest on debentures We've shown it in the profit and loss account as finance cost Why is it not shown under other current liabilities ( assuming that it's payable)?
latest answer
Each entry has two parts 1. You will show expense 2. You will show payable - current liabilities.
Monika T
CA Final
★ 7K+
1
240
Consolidation of Financial Statements
Accountancy
answered on 06-Aug-24 11:21
in down stream transaction if the holding company sold goods at a loss to subsidiary, and the goods is lying unsold in the subsidiary company.Then what is the treatment given in consolidation?
latest answer
Eliminate the loss.
Niveta Rajkumar
CA Inter
★ 6K+
1
299
..
Auditing
answered on 06-Aug-24 17:23
difference between members of the engagement team and the audit engagement partner......
latest answer
👍🏼
Nadeem Neymar
CA Inter
★ 250
4
309