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Ind AS 37 Provision
Financial Reporting
answered on 24-Apr-24 14:22
Vide No 8 Illustration 14 Restoration cost is debited and Provision for restoration is credited. Assuming that capital asset is purchased and there is a future liability this restoration, then restoration should be debited to the asset (not to be taken to P & L) and provision should be credited. Am I correct.
latest answer
Yes
swaminathan sundaram
CA Final
★ 110
3
348
NP for kr - IP or MP
Financial Management
answered on 23-Apr-24 15:57
Hii could someone clarify my following doubt regarding FM COC? In the illustration 13 of ICAI SM, the net proceeds for kr is Market price whereas in the practical sum no 5 of ICAI study material, net proceeds for kr is Issue price. Could anyone tell me when should MP and IP be used for the purpose of kr computation?
latest answer
Institute has stated that For computation of Kr MP may be considered as NP (as per Illustration 13). It also say that alternatively even IP may be considered as NP (practical problem 5). So any method can be considered, but please mention a note about the alternative method also.
Padmanaban Munusamy
CA Inter
★ 0
3
360
Ill 11
Financial Reporting
answered on 23-Apr-24 17:24
For Ill 11, it clearly states we need to consider it as an adjusting event as per the SM. So why are we bringing in two different views while presenting the answer? Logically, it makes sense but please clarify how to go about answering the questions from exam POV
latest answer
You can state both assumptions and answer. It will hardly take 2 mins extra. Also we are making you ready for actual corporate life.
Dhvaritha Ravishankar
CA Final
★ 7K+
1
200
combined portfolio
AFM
answered on 20-Apr-24 07:54
wat purpose of combined portfolio or use or view point of combined portfolio?
latest answer
If we have two portfolios on efficient frontier, you need a different one excluding or including a stock or by increasing the weights of a specific stock you can create using this
Hariharan S
CA Final
★ 5K+
1
204
Contribution and pv ratio
Financial Management
answered on 23-Apr-24 16:00
Can it be solved in easy method than module
latest answer
Is it an icai material problem
AKSHAT MITTAL
CA Inter
★ 5K+
3
397
Professional Ethics
Auditing
answered on 19-Apr-24 21:59
If Member (Not having COP )Engages in Management Consultancy and other services. Will he be regarded as CA deemed to be in practice?
latest answer
Thanks Ma'am
M Naresh
CA Final
★ 3K+
2
318
Portfolio Management
AFM
answered on 19-Apr-24 19:23
Sir, In Illu:57 for computing beta why are we specifically using sharpe model and not other formulas. Kindly clarify it sir .
latest answer
Ok sir. Thank you
Guru aravindh s
CA Final
★ 6K+
2
345
Different u & d for each stage
AFM
answered on 19-Apr-24 16:39
Sir, is it possible for each stage of the binomial tree to have different u & d? Thanks.
latest answer
If u & D are diff at each stage the p cannot be computed. U & D have to be constant through out for U of 1.2, D can 0.8 or 0.7 but D cannot be 0.8 for year 1 & 0.7 for year 2 - it has to be constant
Denz Philip
CA Final
★ 10K+
3
239
Dividend
Financial Management
answered on 23-Apr-24 16:11
While computing value of firm why it is multiplied with mps and no. Of shares.if applying the given formula in book the answer is different
latest answer
Market value of the firm is total number of Shares raised X MPS. So what is done in the solution is correct. The method adopted is based on the formula only. The answer on applying the formula would be value at the beginning of the year, where as what is computed in the attachment is value at the end of the year. That would be the only difference
Ramya Telikicherla
CA Final
★ 6K+
3
369
Time of supply
Indirect Taxation
answered on 22-Apr-24 09:26
Can anyone explain the answer of the question 1(7)
latest answer
It is covered in ICAI material as an example. It is related to continuous supply of service.
Gungun Lahoty
CA Inter
★ 325
1
363