Forums
business combination
Financial Reporting
answered on 17-Feb-24 15:04
In this question, the contingent consideration is not probable. but that amount taken for purchase consideration calculation. why ? it not probable any requirement for pc calculation?
latest answer
We determine what is the FV of such contingent consideration. The logic is that even though it is not probable, we are taking some risk by assuming that contingent liability. So we value that part and recognise it as a liability.
For Class
CA Final
★ 720
2
294
Construction contract
Accountancy
answered on 17-Feb-24 15:04
I can't understand scenario 2 plz any one can explain me it will be helpful
latest answer
Its incorrect.
Mile s
CA Final
★ 250
2
296
Financial ratios
Financial Management
answered on 17-Feb-24 13:05
What is the correct way to compute return on capital employed..??? Is it on basis of pretax and post tax .. Or Ebit(1-tax)/capital employed...
latest answer
1. Usually Return refers to Post tax Net Return for the owners of the company i.e., PAT. So ROCE = PAT/CE 2. But from examination pov, it is advisable to mention a note that alternatively pretax return (considering the return of the debt providers also) may also be computed using EBIT. So Pre tax ROCE = EBIT/CE 3. Institute in some instances added one more alternative method for post tax as you said i.e., EBIT(1-T)/CE . But do not worry, the first two would be sufficient
Harish Kumar
CA Inter
★ 180
1
325
Cost
Costing
answered on 19-Feb-24 12:15
Why abnormal loss scrap is not reduced from total cost?? Only normal loss scrap of 40000 is reduced
latest answer
All items of abnormal nature is debited to costing p and l. Any recoveries from abnormal scrap sale will be adjusted against abnormal loss and net amount will go to costing p and l
jasmin ameena
CMA Inter
★ 5K+
1
158
Dominance of related parties
Auditing
answered on 22-Feb-24 20:53
Mam can you please explain the "dominance of related parties" with an example with names and nature of relationship like in a practical scenario how this dominance will be in existence. Was not able to understand it in a practical scenario
latest answer
Holding - subsidiary relationship.
Arjun Reghunath
CA Final
★ 0
1
196
setoff and carryforward
Direct Taxation
answered on 17-Feb-24 12:15
can Life insurance premium paid is set off in any head off income ?
latest answer
Its under deduction 80C
Vijay Ajith
CA Inter
★ 4K+
1
341
Ind AS 115
Financial Reporting
answered on 17-Feb-24 15:04
How to revenue from price protection at initial recognition? Gross basis or net basis?
latest answer
We need to make estimate of such amount that would be reimbursed.
Chandu vadla
CA Final
★ 11K+
3
316
Lease
Accountancy
answered on 17-Feb-24 12:00
Asset given on lease = WDV 470000, MV 500000 Profit 30000, is unrealised then why recorded in pl ? Neither it’s accrued cause the asset is not given sold it’s just given on lease
latest answer
For finance lease its as good as sold
Sushmita Chowdhury
CA Inter
★ 2K+
2
318
LLP
Corporate & Other Laws
answered on 22-Feb-24 21:35
Maam, you haven't explained section 60 and 61!!!
latest answer
Added
07- Issac Jolly-XII C
CA Inter
★ 16K+
5
174
About which group to attempt
Others
answered on 17-Feb-24 14:01
In ca final may24, whether attempting group 2 without completion of coaching of group 1 is a better or wise option or completing grp1 coaching first and attempting grp1 , which is better?
latest answer
Yes. We did a detailed session on thay
VENKAT PRASHANTH
CA Final
★ 5
3
311