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Impairment of loss

Accountancy

answered on 16-Jan-24 13:07

Why can't you allocate goodwill to smaller CGU in illustration 2 in top down approach

latest answer

Because we cannot determine at smaller CGU>

Akshaya Devaraj

Akshaya Devaraj

CA Final

8K+

1

168

Resiential stautus

Direct Taxation

answered on 17-Jan-24 17:14

citizzenship is revelvant or irrevelant for residential status please explain video 14 illustation 7 because it confused

latest answer

Ok sir

Rajasekaran R D

Rajasekaran R D

CA Inter

1K+

3

337

Convertion

Exams

answered on 15-Jan-24 20:38

Sir I passed inter group 1 in Nov 22 and registered for group 2 in July 23. I am planning to write exam in may 24. How I know that I am converted to new scheme

latest answer

Kindly check under conversion application on whether manual conversion is possible ? Else raise ticket in helpdesk

Salim P M

Salim P M

CA Final

3K+

8

446

Portfolio Beta

AFM

answered on 15-Jan-24 20:39

Sir, here we have not considered the futures because we are not putting additional Investments in case of shorting of stocks also if, there are no investments should it be only considered in the returns (numerator) . and also in case there is any investment outlay for shorting or purchasing futures or shorting stocks do we require to include them in investment ( denomitor) for computing beta of portfolio.

latest answer

Technically yes. Investment that we put in for short will be in the form of loan or cash. Loan and cash have no beta so impact will be zero.

Vanacharla Sai Pavan Kumar

Vanacharla Sai Pavan Kumar

CA Final

8K+

1

368

Capital Introduction asset or liability

Accountancy

answered on 16-Jan-24 13:07

How is it an asset?It is added to the capital which appears on liability know?

latest answer

One side Capital Other side Asset (Double entry)

Nayana Kowshik

Nayana Kowshik

CA Inter

120

1

353

Asset

Accountancy

answered on 16-Jan-24 13:08

What if advance salary is paid on request to the employee when he is in the notice period to resign?How will that be recognized?

latest answer

If recoverable - Asset Other wise expense.

Nayana Kowshik

Nayana Kowshik

CA Inter

120

1

398

VRS

Direct Taxation

answered on 16-Jan-24 12:25

40yr of age & 10yr of service = this condition don’t apply to public Co employee ? But apply to other govt co employee on whom VRS is applicable ? Aren’t the both attachment contradictory ? I have highlighted the context

latest answer

As per my understanding the employees of the above listed companies are exempted from VRS provided they satisfied the condition specified in the rule i.e 10 years of service or 40 years age. However if the public sector company i.e govt.company framed their own scheme for volunter separation of their ee's then above requirement is not applicable

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

3

415

Security Valuation

AFM

answered on 15-Jan-24 18:16

In this question, the discount rate increased because the ratios of the company were worse than the standards. If the ratios had been better than the standards, would the discount rate have decreased, or would it have been the same?

latest answer

In real world if ratios are better it is reflected in better credit rating.and better the credit rating lower the risk lower the interest rate

Vignesh Panigrahi

Vignesh Panigrahi

CA Final

1K+

1

234

Keyman insurance policy

Direct Taxation

answered on 17-Jan-24 17:00

What is bonus on insurance ? Bonus on keyman insurance policy (I understand the meaning of keyman insurance policy)

latest answer

Even in case of keyman insurance policy bonus is given like any other insurance policy.

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

2K+

2

371

Value of convertible Bond

AFM

answered on 16-Jan-24 05:44

why is the coupon interest value not included while calculating the value of convertible Bond? why only the market value of shares received per bond is considered?

latest answer

Past interest is irrelevant Most of converts are structured in such a way that holder sees significant value appreciation if the convert as equity price can go up multiple times. If equity price does not go up by time of conversion the holder can choose not to convert and can seek repayment of bond on due date

Mathuag

Mathuag

CA Final

0

3

334