Forums
Lease Incentives
Financial Reporting
answered on 19-Mar-24 07:58
If the lessor reimbursed the cost for which the ownership has transferred to the lessor, it is not considered a lease incentive and is not part of lease payments right? what is the treatment in the books of the lessee in that case? Normal Expenses incurred and received reimbursement?
latest answer
You mean lessee has reimbursed the cost or the lessor?
Chaitra Hegde
Qualified CA
★ 10K+
1
214
Transfer if license
Financial Reporting
answered on 19-Mar-24 07:59
For example: The company is selling software and revenue will be recognized once the license key is transferred. And company is also providing AMC yearly. In this case, Revenue will be recognized for license once the key is transferred (i.e., at a point of time) and AMC is recognized yearly (i.e., over a period of time)? Whether license transfer and AMC are different performance obligation?
latest answer
Same is the case of purchase of a product and AMC service.
Nivethithaa S
CA Final
★ 2K+
2
321
classification of ratios
Financial Management
answered on 17-Mar-24 16:00
u said that main heading as Insolvency ratios but where sub heading leads to solvency ratios.please clarify whether it is Insolvency / Solvency.
latest answer
Consider addressing as solvency ratios
Satya Reddy
CMA Final
★ 1K+
1
535
General doubt in extinguishment accounting
Financial Reporting
answered on 23-Mar-24 21:16
Hi sir One doubt In extinguishment accounting, what happens to unamortized processing fees of old loan?
latest answer
Processing fees is also reduced while determining carrying amount at time of initial recognition.
Mugilan Poonkundran
CA Final
★ 0
1
233
Privilege leaves
Financial Reporting
answered on 23-Mar-24 21:16
Is privilege leaves same as paid leave?
latest answer
Yes.
Sasi Sekhar
CA Final
★ 5K+
1
263
E- Way Bill
Indirect Taxation
answered on 16-Jan-26 16:53
When 3 different suppliers contacted a same transporter for delivery of goods, it is mentioned that they have to file e-way bill separately and transporter will consolidate them. What if in the same case, the value of all three movements of goods does not exceed 50,000 individually, but exceeds when consolidated. In that case, Will the transporter be responsible to file e-way bill? Or E-way bill is not needed?
latest answer
Right
Susee Arunachalam
Qualified CA
★ 26K+
7
487
Securities Valuation - Equities
AFM
answered on 17-Mar-24 14:22
Hello Sir, In this problem, Capital Expenditure is directly given, but it doesnt add up with the opening and closing values? Could it be assets disposed off? And if so, should we add it to FCFF as per the formula given?
latest answer
Ohh missed it! 😅, thank you so much sir
Susee Arunachalam
Qualified CA
★ 26K+
2
348
Sensitivity in the cost of capital
AFM
answered on 18-Mar-24 21:38
Hello Sir, In the question where the sensitivity of the cost of capital is given as 60%, they have not mentioned that if the cost of capital varies by this sensitivity percentage, the NPV becomes zero.
latest answer
Yes
Suresh Avinash
CA Final
★ 3K+
3
493
Securities Valuation
AFM
answered on 17-Mar-24 14:21
Hello sir, In this problem, they have also asked to find whether Company's D/P Ratio is optimal using Walter's formula. Can you please share the answer for the same as I am not able to find it in the ICAI Material also.
latest answer
Thank you so much sir
Susee Arunachalam
Qualified CA
★ 26K+
2
413
Allocation
Financial Reporting
answered on 23-Mar-24 22:03
In case the Recoverable amount of ABC was less than 3072 then impairment loss will be allocated only to Corporate Assets?
latest answer
Yes.
shamanth rm
CA Final
★ 2K+
1
247