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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
326
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
499
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
230
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
560
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
301
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
212
Forged transfer of shares
Corporate & Other Laws
answered on 22-Mar-24 20:46
Mam in case transfere is forged the sign means
latest answer
please explain your question. Its not clear what you are asking
Lavanya royal Lovely
CA Inter
★ 150
1
245
Incorporation
Corporate & Other Laws
answered on 22-Mar-24 15:53
When the director of the company uses the property and started sole proprietorship on his own. Is the above action is right?
latest answer
Ok thank you for the replies
Divya
CA Inter
★ 90
5
460
Payment issue.
Others
answered on 25-Mar-24 16:29
I have purchased auditing class. Amount got debited but transaction failure. Please help me in this regards.
latest answer
Its active. Thank you.
Mohan kumar
CA Inter
★ 5K+
1
392
Password request
AFM
answered on 22-Mar-24 10:55
Hi Team, Could you please provide the password for excel files to go through the workings.
latest answer
Excel files are our IP. We share the files with read only access. You can watch videos and see what we have done. However, regret we cannot share the password for editing the files
ahmad bunyamin
CA Final
★ 1K+
1
457