Forums
Change in ownership
Financial Reporting
answered on 24-Jan-26 09:51
If there is no loss of control, then we have to disclose under Financing activity, this is applicable only for CFS or even standalone?? [Video Time Stamp: 06:28]
latest answer
For standalone its a disposal of investment so investing activities
Shilpa hosmane
CA Final
★ 12K+
1
123
Articleship
Others
answered on 29-Jan-26 16:21
Sir what is the monthly practical training record? And how to maintain it?
latest answer
Your principal will guide.
Priyanka R
CA Final
★ 20K+
1
95
illustration 44
AFM
answered on 24-Jan-26 07:20
Why dividend is cost for Xyz limited ..since they have only borrowed it will be directly received by Mr A na..so..it won't be cost for XYZ limited Equity valuation in AFM [Video Time Stamp: 22:46]
latest answer
Think of this as follows If u borrow a hen and keep it in your house. When it lays an egg initially u have possession of the egg. but u have to give the egg back to the person from whom u borrowed the hen 😀 Same logic applies here
Kanakesh 05
CA Final
★ 50
1
84
Mutual fund
AFM
answered on 24-Jan-26 17:35
Is the formula used in question no.8 is correct or is it a mistake sir
latest answer
Thank you sir for clarifying
Divakar P
CA Final
★ 320
2
89
UDIN for Auit Report
Auditing
answered on 29-Jan-26 16:55
Mam, i see two diffrent auditors giving two different UDIN for the same audit report. Is it valid in practice? that same document can have two different UDINs? [Video Time Stamp: 09:15]
latest answer
Understood this as i covered SA 600, Thank you mam for the clarification
Vinod Kumar
CA Inter
★ 11K+
10
112
Syllabus sequence
Accountancy
answered on 23-Jan-26 18:39
Sir, In ICAI Syllabus, Accounting standards are been listed and grouped under specific chapters like asset based AS's like that. Should we have to study in that sequence or As per sequence of your study material.
latest answer
Ok sir. Thank you
Jagadeesh Jaidev
CA Inter
★ 645
2
110
Ind AS 41 Agriculture
Financial Reporting
answered on 27-Jan-26 10:27
Sir how come we are recognizing revenue from sale of an asset when 18 goats are sold on 1st June 20X2
latest answer
Sale in ordinary course of business. Like inventory is also an asset. When sold revenue is recognised.
Prasoon Goel
CA Final
★ 920
3
87
Sec 10(1)(ca)
Indirect Taxation
answered on 28-Jan-26 12:53
Sir, whether my understanding is correct or not,if not correct me. Section 10(1)(ca) will be applicable only when the buyer is an unregistered Person and buying goods outside his residence and bringing back to his residence [Video Time Stamp: 13:29]
latest answer
Okay sir, thank you.
K Vamshi
CA Final
★ 14K+
2
91
restriction on shareholding
Auditing
answered on 27-Jan-26 08:16
As per Section 5 of the Act, an individual or an unregistered society is not permitted to hold shares exceeding 20% or ₹1,000 in a cooperative society, and holding beyond this limit would amount to contravention. However, if the shareholder is a registered cooperative society, the said restriction does not apply. Kindly confirm whether, in cases where a registered cooperative society holds shares in another cooperative society, or vice versa, the restriction under Section 5 would not be applicable. for example B co-society holding shares in A co-society then this restriction not applicable for B co- society, now in C co- society holding shares in B co- society now the applicability will be [Video Time Stamp: 19:48]
latest answer
Section 5 restricts who is holding, not who is behind the holder. The Act recognises a registered co-operative society as a separate legal member B Co-operative Society holds shares in A Co-operative Society -B is a registered co-operative society - A is a co-operative society Section 5 restriction does NOT apply B can hold shares beyond 20% / ₹1,000 in A. C Co-operative Society holds shares in B Co-operative Society -C is also a registered co-operative society - B is a co-operative society Section 5 restriction still does NOT apply Each relationship is tested independently.
21SCO08 mahalakshmi
CA Inter
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1
180
Q
Financial Reporting
answered on 27-Jan-26 10:29
sir suppose in this Q, there was exchange rates mentioned in Case 1.Then we can say that the host contract(due to gross settlement) is outside Ind AS 109 scope, but the forward contract is an embedded derivative due to currency risk right? [Video Time Stamp: 02:55]
latest answer
If gross settlement - outside the scope. if currency is USD but if its functional currency of Supplier, then it will not be a derivative but a normal foreign currency transaction covered by Ind AS 21.
SANSKRITI BADRI 2111339
CA Final
★ 4K+
1
90