Forums
Business Combination
Financial Reporting
answered on 23-Mar-24 19:24
Sir, in the Q 20, the amount recognized as customer relationship is 3500 lakhs but it is seen in the material as 350 lakhs(3.5 Crore)
latest answer
Thanks for highlighting the issue. Will get it corrected.
Venky Balamurali
Qualified CA
★ 0
1
357
Equity valuation
AFM
answered on 23-Mar-24 17:05
Sir how 1/Ke gives PE multiple?? PE multiple formula is price/ earnings right?
latest answer
Ok sir
nazriya nasar
CA Final
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2
412
rti
Others
answered on 25-Mar-24 16:34
I requested for ca inter nov 23 answer paper through rti and this is what the reply came back so what should i do next
latest answer
ok sir thank you
Vidyakrishna vidyakrishna
CA Inter
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4
410
Articleship
Others
answered on 22-Mar-24 20:20
Is there any mandatory exams during CA Articleship period ? If yes how to check or apply for that exams. Not about self paced modules.
latest answer
Yes, there are practical assessments test you need to appear during your article ship. you can check for further notification at www.icai.org. Link for PT test - https://pttest.icai.org/
Sai Vema
CA Final
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1
559
IND AS 33
Financial Reporting
answered on 22-Mar-24 11:42
Answer for this question does not match with ICAI
latest answer
ICAI has changed the assumption. Will add a new video for this in Financial instruments chapter.
Bhoomi Makhecha
CA Final
★ 35
1
295
Strategic levels
Strategic Management
answered on 28-Mar-24 17:54
In business level only they translate the general statement/ strategies into concrete strategies of their individual business. But why have they given as functional level?
latest answer
👍
NANDHINI U S
CA Inter
★ 37K+
8
465
PSU
Economics
answered on 29-Mar-24 14:27
if we have very less PSU won't it cause problem because private players operate mainly on profit motive
latest answer
Ok sir
Arjun
CA Inter
★ 8K+
2
216
Exchange rate
Economics
answered on 29-Mar-24 19:13
This is my general doubt; nowadays the exchange rate between INR/USD is close to 85 rupees is it good for our economy or bad for our economy
latest answer
Ok sir
Arjun
CA Inter
★ 8K+
2
534
IND AS 16 - Exchange of Assets
Financial Reporting
answered on 22-Mar-24 17:54
As per the standard, to analyse if an asset lacks commercial substance or not we have to check the relevant cashflows of the assets exchanged. If it turns out to be a insignificant change in Cashflow, then it is considered that the transaction lacks commercial substance. Is significant/insignificant change in cashflows depend on materiality of the entity? Or is it a specific principle which deals with this gap. Kindly correct if my understanding is wrong
latest answer
You need to look at materiality and also the nature of assets.
Shreyas Nayak
CA Final
★ 0
1
266
IND AS 16 - Exchange of Assets
Financial Reporting
answered on 22-Mar-24 17:55
Here as you said if the exchange of Assets from Company A to Company B takes place at the carrying value of the asset given up then what to be done to the difference of 5 Lakhs (45 Lakhs - 40 Lakhs)
latest answer
Existing Asset is credited with carrying value. New Asset is Debited with the same amount. The excess fair value is not relevant.
Shreyas Nayak
CA Final
★ 0
1
198