Forums
Computation of works cost
Financial Management
answered on 21-Mar-24 18:43
Dear sir, In 4:44 of the video, it is said that there is no opening or closing stock of WIP & FG ,hence works cost = COGS. But, they have mentioned closing stock of FG as 6%of works cost , then why are we not considering it sir?
latest answer
Thank you sir
Srinidhi
CA Inter
★ 270
2
202
Business Combinations- Illustration 1
Financial Reporting
answered on 23-Mar-24 19:26
Sir, usually under Fair Value Method of computing NCI, Purchase consideration paid is considered as Fair value for the stake purchased and accordingly NCI FV is calculated. But we directly used Market value of acquiree's shares as Fair Value in this question. Why is that? Also, if question doesn't mention about the method of computing NCI, what method is preferred?
latest answer
The question will mention that the NCI are measured at fair value. There are two ways to compute fair value of NCI 1. Based on Market price of shares (if available) 2. Based on amount paid by parent company Sometimes the question gives different FV of NCI, in that case you should take that value. if nothing is mentioned then you will consider proportionate of net assets.
Sruthi Bellamkonda
CA Final
★ 70
1
277
GST on legal services
Indirect Taxation
answered on 22-Mar-24 17:59
can anyone please explain me what exactly is this exemption related to? we have taken legal services and exempted from charging the GST under RCM. Here we are registered newly incorporated partnership firm, with "0" Preceding Financial year
latest answer
If legal services are supplied to a business entity whose turnover does not exceed threshold limit then the legal services would be exempt. If it is exempt then there is no question of RCM.
Chandu vadla
CA Final
★ 11K+
1
416
calculation of debtors
Financial Management
answered on 21-Mar-24 17:42
while calculating the debtors in illustration 7,why is debtors calculated by using cost instead of selling price?? in the 6th ilustration,debtors is calculated by taking selling price. why there is a difference like this??
latest answer
they are 2 approaches of computation. i had mentioned the same in the videos
Nikitha Velavalapalli
CA Inter
★ 3K+
1
223
Portfolio Management -Portfolio Beta
AFM
answered on 21-Mar-24 15:23
Sir , For calculation of weights to arrive at Portfolio beta . do we consider market value at year end or cost sir in order to multiply the weights with corresponding beta ?
latest answer
When are you calculating the Beta it depends on that
M Naresh
CA Final
★ 3K+
1
364
NOT OPTED FOR 115BAA
Direct Taxation
answered on 22-Mar-24 18:04
can anyone tell me the answer and calculation.
latest answer
Perfect.
Sai Kiran
CA Inter
★ 4K+
5
610
IND AS 33
Financial Reporting
answered on 22-Mar-24 17:57
In this illustration - For the PY - will the restated weighted average equity shares of PY be 13,33,333 shares? (10,00,000 *12/12 * 4/3) assuming no changes in capital structure made in PY ?
latest answer
Yes. So generally how it works is we use the bonus factor directly to restate the eps. So you will have a reported EPS and restated EPS.
Bhoomi Makhecha
CA Final
★ 35
1
423
Right which comes with Leasing - Capital Asset?
Direct Taxation
answered on 22-Mar-24 18:05
Hi sir, hope you're well. If capital assets include management/control rights, would the transfer of a long-term lease be considered transfer of capital asset? Thanks
latest answer
It basically means rights over capital asset.
Devaprasad Jothimani
CA Inter
★ 0
1
358
Standard costing
Costing
answered on 03-Apr-24 07:42
How in this question 4 units and 200 hours per worker but given in the question gang??
latest answer
Thanks a lot
Devisree
CMA Final
★ 0
7
462
NPV formula
Financial Management
answered on 21-Mar-24 14:17
NPV = PVCO - PVCI But, NPV @ 15% NPV = ICO + PVAF + PVTI Shouldn't this be NPV = ICO - PVAF + PVTI
latest answer
NPV = PVCI - PVCO. In the solution Initially i have mentioned as NPV = ICO + [PVAF x Annual CF] + [PVIF x TCI] But ideally it should have been expressed as NPV = (ICO) + [PVAF x Annual CF] + [PVIF x TCI] where ICO is subtracted. This i have mentioned while solving the problem. Please check the full video
Anand Mathew
CA Inter
★ 290
1
303