Forums
FCFF
AFM
answered on 03-May-24 13:23
Why Interest is added back? Interest is non operating exp and we are taking cash flow from operations as a base, to calculate FCFF.
latest answer
Yes sir. As per US GAAP interest is operating but under IFRS IAS 7/Ind AS 7 , this is financing expense.
Mansha Tutlani
CA Final
★ 555
2
401
Investments
Financial Management
answered on 06-May-24 20:19
This is may 24 RTp.here in the solution stcg is nil.what should be the treatment if stcg or stcl arrises
latest answer
Ok sir.thank you
Ramya Telikicherla
CA Final
★ 6K+
4
324
Buy back equations
Accountancy
answered on 03-May-24 11:08
From reserves of ₹45 L we deduct crr amount and amount used for buyback. Here buy back price is ₹30 it means it includes ₹10 face value per share. So that remaining ₹20 per share is needed. Am I correct in this context?
latest answer
yes
sitaram kollepara
CA Inter
★ 2K+
1
162
Illustration 31
Financial Reporting
answered on 07-May-24 15:42
Sir, In this question, First advance annual payment isn't it before commencement? Hence Rs 5,00,000 should not be considered for computing lease liability. and Payment at the beginning of the first year would be Rs 5,15,000
latest answer
First payment here is advance payment - 500000 Next year 3% increase.
Gunda Sharan
CA Final
★ 150
1
349
Bank Audit
Auditing
answered on 03-May-24 18:12
In stock audit, there is a word ' funded exposure ' . Please explain what it's.
latest answer
Thanks Sir 🙏🏻
Mehak K
CA Final
★ 3K+
3
384
No of days for interest
AFM
answered on 03-May-24 07:42
For interest calcn, since Global ltd requested for delivery of remittance on 02 Mar, should the number of days taken be 30 or we consider 31 basis that the amt was received by Global ltd on 28th Feb. Although latter has been considered in solution, wanted to understand the logic in selecting dates
latest answer
For all boring or interesting computations we either include day of borrowing or day of repayment but not both. If u borrow on 1st Jan and repay on 31st Jan interest is computed for 1st Jan but not for 31st Jan Same way depeivery received on 28th feb instead of 31 dec So 28th he is considered and 30 days in next month so total 31 days
Priyanka Udeshi
CFA L1
★ 14K+
1
235
Exam centres in coimbatore
Others
answered on 18-Feb-25 17:28
Anyone knows what are the exam centres in coimbatore?
latest answer
Hi. Can you tell me the name of exam centre in coimbatore for CA FINAL may/Nov 24 exams?
Shree Ram
CA Foundation
★ 0
2
444
salary & exemption in gst
Direct Taxation
answered on 09-May-24 11:54
1) salary employer paid tax on employee salary what will be the treatment ? 2) gst exemption services provided to charitable trust = import of service = when is it exempt and when taxable ?
latest answer
That’s right. Generally service to charitable trust is taxable but there are separate exemptions given right. So refer them also
Sushmita Chowdhury
CA Inter
★ 2K+
6
429
Is it a Financial Asset/Liability or not?
Financial Reporting
answered on 08-May-24 11:23
Seller sold a product with guarantee/warranty/100% refundable condition in case of any defect in the product. Does it become a financial liability for seller or Financial Asset for the buyer.
latest answer
Also for warranty a best estimate is considered to create a provision
Chandan Subudhi
CA Final
★ 12K+
5
307
exemption From GST
Indirect Taxation
answered on 06-May-24 14:27
Training of staff of Higher secondary School . Will this be exem from GST. ?
latest answer
Can you elaborate.
Rana Darshan
CA Final
★ 810
2
332