Forums
Eligibility for CFA L1
CFA
answered on 14-May-24 11:10
I have 2 questions as follows 1. Is distance education from university of madras valid 2. It is said that a final year student can apply does that mean he/she should have completed all prior papers without pending papers as arrears
latest answer
Distance from recognized university ideally valid and even if you have arrears should not be an issue However, please email them at the following ID / phone number to get a more accurate response https://www.cfainstitute.org/en/utility/phone-numbers info@cfainstitute.org https://help.cfainstitute.org/s/#contactus
Dhakshana Dhakshana
CFA L2
★ 18K+
1
425
Discount rate
AFM
answered on 14-May-24 11:11
Sir under both the methods discounting nominal cash flow with nominal rate and real cash flow with real rate, NPV shd come same know, In class room soln third while solving using nominal cash flow, third year discount rate shd be 0.7118
latest answer
Thanks for highlighting will correct it
R Yashwanth Kumar
CA Final
★ 87K+
1
357
Premium on redemption of Preference Shares
Accountancy
answered on 14-May-24 11:16
Sir when we pay premium on redemption of Preference Shares and adjust it against profit and loss account. Should we debit in pl or deduct from pl reserve in R&S. Similar where to write off preliminary expenses.
latest answer
Profit & Loss account for both premium and also preliminary expenses.
Shrihitha Udupa
CA Inter
★ 170
1
351
Gift vochers
Indirect Taxation
answered on 13-May-24 21:58
Gift voucher is an actionable claim, taxable at the time of issuance in case of specified goods -Madras High court. Further the court observed actionable claim are neither good, nor services, schedule iii item. My question is ,then why they are taxing(sec 12(4) if it is schedule iii item.
latest answer
Vouchers derives its value from underlying goods or service
Mansha Tutlani
CA Final
★ 555
1
344
Professional Skepticism
Auditing
answered on 14-May-24 10:11
In the topic of professional skepticism, If the auditor critically assess the auditor evidence and checks if the documents are geniune, i) Does it take the character of investigation? ii)The fact of checking the genuineness of documents violates the scope of audit? As the scope of audit, does not include investigation and checking genuineness of documents. Do the underlined words in the picture indicate the character of investigation?
latest answer
Thank you so much Mam
Mathangi. S
CA Inter
★ 0
3
395
AS 3 Cashflow Statement
Accountancy
answered on 15-May-24 17:15
For a financial institution, would a Loan taken be Financing activity? Would Interest paid on this also be Financing?
latest answer
Financing.
Vishnu Muraleedharan
CA Final
★ 32K+
2
310
Some time I feel when I watching exam. Past year question papers Q 1 are difficult
Corporate & Other Laws
answered on 14-May-24 11:40
So I can I start Q2 in exam mixing of sub -questions are allowed or not allowed in assending order Some say paper will check in assending order some say if u attempt in ex Q2 a bcd are sub questions I attempted cdbc wise is it any deduction mark not going order wise
latest answer
No one will deduct marks if you attempt questions in a haphazard manner, but it leaves a bad impression in evaluators mind and could affect overall evaluation process
R G
CA Inter
★ 9K+
1
297
Wrongly attempted question
Accountancy
answered on 15-May-24 17:16
Sir... I had wrongly attempted all question by mistake i had reasonable assurance that last question was right is there any chance for marking those question if iam at the stage of having a little mark for passing....... Please reply
latest answer
No problem. You will get marks for best 4 questions.
Visruth Vichu
CA Inter
★ 890
1
293
Narrative record
Auditing
answered on 14-May-24 09:51
Who prepare narrative record?could you please tell me
latest answer
Management will have a description of their internal controls. Basically in word formats or other suitable documents. This is part of their internal documentation. Auditor reviews them in details, and makes working papers for himself too.
Visruth Vichu
CA Inter
★ 890
1
315
consolidated financial statement
Financial Reporting
answered on 20-May-24 14:59
Video No 13 Dividend declaration. Interim dividend shareholder approval required?? I am not clear
latest answer
Board approval required. In some cases articles may required shareholders approval as well.
swaminathan sundaram
CA Final
★ 110
1
340