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Consolidated Financial Statements
Financial Reporting
answered on 20-Feb-24 22:54
In the last 2 exception (from preparing Consolidated Financial Statements) for Investment Entity and Trust Created for Employee Benefit Purposes, Will their assets and Liabilities be included in Parent's CFS?
latest answer
Okay sir thank you so much
Susee Arunachalam
Qualified CA
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2
197
rebate
Direct Taxation
answered on 18-Feb-24 10:31
rebate is not explained but faculty is saying like already discussed .
latest answer
Please watch Video No 30 first.
Santhosh S
CA Inter
★ 355
2
212
Calculation of portfolio risk
AFM
answered on 18-Feb-24 10:24
Is there any calculation mistake in the illustration 5 (T590 compiler) - Portfolio Management? Portfolio variance for me comes to 99.45 & risk to 9.97 but in answer it shows variance as 88.89 & risk as 9.43
latest answer
You are right - had modified the video had not yet updated the compiler - will be updating the compiler in next version sometime next week
VISAAGAN R
CA Final
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276
Example
Financial Reporting
answered on 17-Feb-24 21:49
Sir, You taken example that for checking Applicabilty of IND-AS for Indigo learn for FY-06-07 we check networth on as 31/3/2006 if it exceeds limit then we apply Ind AS My Doubt is Based on Previous Year Networth caluclation current year IND AS applied ,so it will apply for life time (or) we must criteria everytime?
latest answer
Life time
Surya Prakash
CA Final
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343
Interest rate risk
AFM
answered on 17-Feb-24 22:10
When the libor rate becomes 8.65 percent isn't that the rate when the bank will be receiving Rs.3833/- I e the compensation given by the other party... Why are we not considering that.. can't we adjust that as well against the interest?
latest answer
Bank has given a loan as libor + 2%, it will receive all payments from borrower as per that loan agreement if Libor is 8.65 then it will receive 10.65% if L is 4% then bank will receive 6% ( libor + 2) Floorlet is another agreement between 3rd party and the bank - if interest rate falls below 8.5% the 3rd party will pay bank the money Both these agreement s are with 2 diff parties but have to be looked together to find out effective income from the loan lent by the bank
Vindhya Y.V
CA Final
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304
Recognition as intangible asset?
Financial Reporting
answered on 17-Feb-24 21:07
How can we recognise Contract with a player in IPL as intangible asset because the future benefits can not be measured? It will be an employment relationship I think.
latest answer
You will record at the amount paid.
Darpan Ghundiyal
CA Final
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3
332
Mcq doubt leverage
Financial Management
answered on 17-Feb-24 20:36
In the given ques is it OL or CL?
latest answer
OL
sradha krishna sunil
CA Final
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1
316
Equal sign in answersheet
Exams
answered on 22-Feb-24 17:32
In icai answersheet, what does equal sign mark means?
latest answer
Yes
Mehak K
CA Final
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3
652
IND AS 38 Module Q10
Financial Reporting
answered on 17-Feb-24 21:11
Sir , is the explanation given is correct for examination.
latest answer
Okk sir! Noted
Hrishikesh Pradhan
CA Final
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330
Ind as 103
Financial Reporting
answered on 17-Feb-24 22:59
sir , how is the date of acquisition on 01.03.20X1 ? I didn't understand the logic behind the answer of ICAI.
latest answer
The date on which the company gets control over another company will be considered as the date of acquisition.
Swathi Krishna
CA Final
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325