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Treasury and cash management
Financial Management
answered on 21-Mar-24 14:18
video no. 8, illustration-2 what is the answer for part b- statement of sources and uses of funds for the three months?
latest answer
please post the question & video link to understand the doubt clearly
Roobashree Rajagopal
CA Inter
★ 1K+
1
386
Financial Statement Analysis - cash flow analysis II
CFA
answered on 22-Mar-24 11:49
Time stamp pertaining to the previous query ( why is expense as shown in income statement not considered while adjusting for non cash and non operating expenses) is at 09:50
latest answer
We have adjusted for non-cash items from P&L in the cash flow statement such as Depreciation. The other items under the expenses such as COGS, wages and interest are treated as operating cash items, therefore not reversed. With respect to interest expenses, there is a slight difference in treatment under IFRS and US GAAP. While IFRS has more flexibility to classify interest paid as either a operating activity or financing activity, US GAAP specify it to be classified as an operating activity. The example that is being discussed in the video is pertaining to US company, therefore we have not added back interest costs.
Vasudha TK
CFA L1
★ 70
2
351
TDS
Direct Taxation
answered on 22-Mar-24 18:06
194O & 194E not in icai material..it is amended as new or removed ?
latest answer
It is important to know them.
Kavin Kumar
CA Inter
★ 0
1
449
GST PMT - 09
Indirect Taxation
answered on 22-Jul-25 11:18
Could anyone please explain the point (iii) here ?? This Form (GST PMT-09) can be used either for i. transfer of erroneous deposits under any minor head of a major head to any other minor head of same or other major heads or ii. for any of the amounts already lying unutilised under any of the minor heads in Electronic Cash ledger. iii. transfer of any amount lying in the electronic cash ledger to the electronic cash ledger for CGST/IGST of a distinct person.
latest answer
It’s not possible since it’s different state. There is portal issue
Chandu vadla
CA Final
★ 11K+
6
557
103 business combination
Financial Reporting
answered on 22-Mar-24 17:58
in lecture number 8 asset vs business acquistion, since conditions of definition of business combination is not met, the assets are recognised at the amount of cash paid (i.e.90 lakhs) that is proportionally distributed to each asset and bargain purchase gain is not recognised. but as per indas 16 shouldnt we recognise the assets at fair value on intial recognition?
latest answer
As per Ind AS 16, PPE are initially recognised at cost only. In case of exchange of non-monetary asset, FV comes into picture.
binu mathew
CA Final
★ 0
1
305
Management's Choice to Declare Party as Related
Accountancy
answered on 24-Mar-24 19:12
Hi sir, hope you're well. If a particular party isn't identified as related as per AS 18, yet the management of the reporting entity feel so, can they make the choice to disclose such party as being related? Thanks
latest answer
Yes
Devaprasad Jothimani
CA Inter
★ 0
1
308
General
Exams
answered on 25-Mar-24 16:30
If I complete Grp 1 of CAINTER in May 24 exam ,am I eligible for doing articleship
latest answer
3 attempts with set off benefit. After that you can choose exemption but you need to secure 50 each in remaining paper.
Lavi Lavanya
CA Inter
★ 6K+
4
431
Doubt in illustration 11 (M Ltd and G Ltd)
Financial Reporting
answered on 23-Mar-24 21:11
Sir, in illustration 11, in the books of M Ltd, the forex gain of Rs.24 is booked for a monetary item (A/c receivable of G Ltd - by restating it from 83 Euro to 85 Euro), and not on inventory. Then why is that reversed in the consolidated financials, sir?
latest answer
Gain/loss on intracompany transaction reversed. You will understand this in Ind AS 110.
Varshini Pandiarajan
CA Final
★ 30
1
266
Leave encashment q16
Direct Taxation
answered on 22-Mar-24 18:07
Y they took 210 /30 instead of 25000*210.
latest answer
Since it is 210 days and 30 days is considered in a month. Thats why it is taken as 7 months.
1 Minute Review
CA Inter
★ 405
1
327
Motor car allowance
Direct Taxation
answered on 22-Mar-24 18:08
Can u plz describe how rs 70000 is calculated.
latest answer
40K + 30K - Perquisite for Motor car. Refer our table we have prepared.
1 Minute Review
CA Inter
★ 405
1
374