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FSA
CFA
answered on 15-Jun-24 09:46
What is unqualified and Qualified opinion
latest answer
Unqualified opinion means a clean audit report. Qualified opinion means an audit report in which everything is clean except for a specific item/items that is /are qualified ( meaning where there is an issue)
Dhakshana Dhakshana
CFA L2
★ 18K+
1
332
Doubt
AFM
answered on 15-Jun-24 09:44
In caluclating Adjusted EBITDA why we reduced Extra-ordinary capital Gain?
latest answer
Adjusted EBITDA is basically EBITDA from ops. We are valuing a company based on its ops and not non core business. Hence we need to adjust for non core CG
Surya Prakash
CA Final
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1
295
Illustration 2 & Illustration 3
Financial Reporting
answered on 15-Jun-24 06:24
In Illustration 2,though the cost to sell was borne by the seller , we have deducted it from the Fair value. Likewise in Illustration 3, Auctioneer's fees paid by both buyer and seller should have been deducted from the Fair value (i.e. 2 % + 2% = 4%). Why have we deducted only 2% from as auctioneer's fees from the Fair Value ?
latest answer
As a seller how much would you pay if you collect 100?
Swathi S
CA Final
★ 975
1
200
Market risk
AFM
answered on 15-Jun-24 07:53
Why do we add inflation to beta*risk premium...ideally we should have added in the risk premium and then multiply by beta....
latest answer
Beta here is market beta. I.e sensitivity of stock returns to market returns. One should not multiply market return beta with inflation premium. Inflation premium should be added separately, as it is not directly sensitive to market returns
Priyanka Udeshi
CFA L1
★ 14K+
1
306
doubt
CFA
answered on 15-Jun-24 15:54
Can you please where is this topic in the book and which 'reading' is this from, I cannot find it in the book.
latest answer
Return measures is first video in quant Dividend discount mode is 18th video in equity investments topic
Kaarthick Abishek
CFA L1
★ 0
8
309
AS-2
Accountancy
answered on 17-Jun-24 12:01
Why cant i solve the illustration in the video like below sir cost = 1000*5000=5000000 less abnormal wastage=1000*50=50000 total cost of inventory=4950000 cost per unit=4950000/4750=1042 rs
latest answer
We should compute the normal rate first. i.e based on how much would be the number of units we normally receive.
Niveta Rajkumar
CA Inter
★ 6K+
1
327
Industrial training
Others
answered on 17-Jun-24 11:00
Where can I find industrial training opportunities
latest answer
https://sirc-icai.org/vacancy-advertisement.php
Gauri Shete
CA Final
★ 5K+
4
475
Ca Articles
Others
answered on 15-Jun-24 09:02
Can terminate after completing 2 yrs..and can I join again after 3 yrs for balance 1 yr
latest answer
Yes
Shijo Kennedy
CMA Final
★ 4K+
1
311
Relating to inter state supply of different branch
Indirect Taxation
answered on 19-Jun-24 17:25
If the head office in banglore transfers services of vehicle charges to hyderabad branch which of inter state supply of different registration. whether the GST is applicable in this case if so whether it is RCM or FCM (company dealing in courier business)
latest answer
It is supplies between distinct persons and shall be taxable as per Section 7(1)(C).
P.udaykumar Pasupulati
CA Final
★ 2K+
1
291
Ind As 7 Cash Flow statements
Accountancy
answered on 14-Jun-24 09:38
In Image attached while doing Income from Operating activities in indirect method, we will do approprite changes considering changes in current assets ? In the given question I am thinking that we have to consider changes in Investments to as it is given in Current assets. but answer provided in ICAI material not considered (2nd picture), can anyone explain the same.
latest answer
https://youtu.be/BCujphqmx64?si=OI3p8TgYkrui8UsV&t=252 Logic and explanations covered here.
Sai Vema
CA Final
★ 108K+
2
394