Forums
103
Financial Reporting
answered on 01-Mar-24 09:04
Sir in this question for common control , can u explain the logic behind not taking the fair value while discharging the purchase consideration?
latest answer
The ultimate control is with the same entity. Think of it as the control is passed from one sibling to another sibling. Ultimate control is with the parent itself. So by using fair value, the financial statements might be changed without the ultimate control being changed
Swathi Krishna
CA Final
★ 8K+
1
269
Whether impairment should be considered in ind as 40 while reclassification
Financial Reporting
answered on 01-Mar-24 00:23
In case of ind as 40 , while doing reclassification from PPE to invt property or vice versa , in determining carrying value should we consider impairment also.. for arriving carrying value..
latest answer
Thanks for the reply
Vamsi krishna
CA Final
★ 180
2
282
Consolidation
Accountancy
answered on 01-Mar-24 09:43
In consolidation if question didn't mention about general reserve pre or post then we consider It as per is it correct?
latest answer
It would be given in the question reserves on date of acquistion
Mile s
CA Final
★ 250
1
288
CH 5 MCQ
Strategic Management
answered on 01-Mar-24 15:25
In given Ques 4, the option given in module is 'D'. Is it correct? And if yes then please explain.
latest answer
Operational control means the controls related to operations of business and we know that every business want to reduce operational costs to increase its profits with regard to operational activities. so core strategist will think about the budgeted expenditure and actual expenditure and want the firm to implement budgetary controls (means incur costs as per budget) to perform operations efficiently and effectively and to increase its profits.
Mehak K
CA Final
★ 3K+
1
317
ILLUSTRATION 4 I COMPLETE RECORRDS
Accountancy
answered on 13-Mar-24 14:29
sir in illustration 4 some items of furniture whose written down value on 31st march 20x1 and sold on 30th September 20x1 for 8000 is related to previous year transaction but how it can be shown in current year cash book and p and l account
latest answer
Think of it as 31st March 2001 & 30th September 2001. So if it is sold during September 2001, it falls in financial year ending 31st March 2002.
Surya Kiranmayee
CMA Inter
★ 0
1
194
Derivatives Illustration No 27
AFM
answered on 01-Mar-24 10:55
Why is risk free rate of 8% used and not WACC rate of 10% used? Normally all discounting is done at WACC rate
latest answer
Company's cahflows are discounted using wacc 10% which is what was done initially. Futures & Options are always arrived using Rf because the underlying theory is every one is able to borrow and lend at same rate. Pls go through full derivatives chapter - everywhere rf is used
Hannoch Matthew
CA Final
★ 0
1
148
Section -12(8)
Indirect Taxation
answered on 29-Feb-24 21:05
Mr.X sending goods to Australia through courier agency. In the given case - Place of supply is Australia. In the given statement is correct sir?
latest answer
Most welcome
Satheesh Kumar
CA Inter
★ 15K+
4
309
Books
Others
answered on 02-Mar-24 11:52
In financial management book of indigo learn it hasn't been mentioned as new syllabus whereas the other books have mentioned the books are for new syllabus does that means fin management book is for old syllabus?
latest answer
which subject
Divinne Fiona
CA Inter
★ 9K+
4
291
place of supply
Indirect Taxation
answered on 04-Mar-24 14:55
why sir you do 10 l*1/4 10 l*2/4 10 l*1/4
latest answer
Okay sir
Rajasekaran R D
CA Inter
★ 1K+
2
328
Consolidation
Financial Reporting
answered on 01-Mar-24 09:44
In consolidation of EG 4- Under analysis of reserves- unrealised profit in inventory of 40% is only reduced from DOC column, why not from DOA also??
latest answer
because unsold inventory is lying as on Date of Consolidation.
Nilofer Zainab
CA Final
★ 0
1
171