Forums
Sequence and series
Maths & Stats
answered on 10-Mar-24 19:09
Sir what is the difference between the decreasing series &Infinite series?how I will indentify ?
latest answer
Thank you for this clarity sirr!!
sangeetha mohan
CA Foundation
★ 3K+
3
217
Cost audit
Corporate & Other Laws
answered on 07-Mar-24 11:16
Why cost audit is not applicable for sez and exports?
latest answer
Cost audit is usually done to value your inventories because vaule of inventories will directly affect your operating profit (profit and loss account) and finacial postion ( balance sheet) . so what usually companies do is inorder to fluctuate their profit and take tax advantage they play with the value of the inventories. Hence tax revenue of government decrease.so to check the valutaion of inventory government made cost audit compulsory for certain companies who are in trading and manufacturing industry.but in case of companies which are operated in SEZ they don't have to pay tax so there is no need of fluctuation of profit and hence there is no need of cost audit also.This is my Understanding
Ramya Navanitham
CA Final
★ 75
1
341
Threats
Auditing
answered on 07-Mar-24 12:19
We are going to audit an educational institution, which we had studied earlier. Is it possible to occur threats in audit?.
latest answer
Yes familiarity threat
Kurva Mahender
CA Foundation
★ 5K+
1
315
Capital budgeting
Financial Management
answered on 07-Mar-24 07:16
Depreciation years is not given but it can be assumed as 5 years how?
latest answer
Missed in question
Devisree
CMA Final
★ 0
1
341
Capital budgeting
Financial Management
answered on 15-Mar-24 16:45
How they are taken for 5 years? Is there any specific reason or it is our choice to show for how many years we choose??
latest answer
please post questions only from ICAI or IL material only
Devisree
CMA Final
★ 0
1
314
Normal distribution
AFM
answered on 07-Mar-24 09:09
Sir,can you explain how you are relating standard deviation and mean to normal distribution or to the chart? In my opinion, you have given less concept at this point.
latest answer
PLs finish the full chapter and then we can discuss
Hanumanthu Rajesh
CA Final
★ 7K+
1
218
Normal distribution
AFM
answered on 07-Mar-24 09:14
We will not get the data of Stock market on Saturday & Sunday and holidays , ,then how could it be continuous data ? Please clarify it sir
latest answer
good question. Even if it is off for a day, or two, during the trading hours it is continuous . that is what matters. By your own logic stock markets cannot shut at 3.30 PM or open at 9.00 AM. continuous does mean it is always on. When market is on the values are not discrete but continuous when we look at tick level data
Hanumanthu Rajesh
CA Final
★ 7K+
2
330
ppe audit of items of FS
Auditing
answered on 07-Mar-24 20:19
why can't additions,deletions,etc be part of the valuation assertion?
latest answer
It will be checked even for valuation. but here discussion is with regard to completeness. Indirectly all additions are included and all deletions are eliminated, meaning only then valuation also will be appropriate.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
168
Ind as 36
Financial Reporting
answered on 07-Mar-24 08:44
Il 17 In assumption 2 also when we see product line is not impaired how can we impair which is part of cgu
latest answer
Got the clarity thanks sir
Ravi Teja
CA Final
★ 20
2
295
IRRM- Illustration 13
AFM
answered on 07-Mar-24 09:18
Sir, In this problem, I am not able to understand the premium part. Why we have divided the premium payable with the PVF and 4 periods as reset periods are only 3 right
latest answer
We did that because question says so.
Suresh Avinash
CA Final
★ 3K+
1
287