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New scheme - May 2024
Financial Management
answered on 28-Dec-23 16:28
what the changes in FM under scheme and do i have to read the entire new syllabus material again. Kindly provide link for any pdf or video where all changes have been compiled, Thanks
latest answer
Thanks a lot sir.
Aswin Chandar
CA Final
★ 40K+
5
512
Query
Financial Reporting
answered on 28-Dec-23 16:44
In thus Illustration total term 14 Years, initially we calculated remeasurement at beginning of year from 7th. Later we calculating original lease payment @6% fpr 4 years only. Amendement is done at the beginning of the 7th year so we need to calculate original terms lease payments @ 6% for 6 years. Why we are calculating for 4 years Video Details Course: Ind AS - CA Final Module: Ind AS 116 Leases Section: Illustration 34
latest answer
For the original lease liability which was recognised at 6% for 10 years, 6 years have passed by and to calculate closing lease liability, we need to see how many lease payments are left - In this case it is 4. Alternatively, you can prepare a lease schedule and calculate closing liability at the end of Year 6.
Sai Krishna
CA Final
★ 250
1
344
Debentures
Financial Management
answered on 29-Dec-23 15:42
what is dillution of control ? Video Details Course: Financial Management Module: Types of Financing Section: Debentures - Types, Advantages & Disadvantages
latest answer
When we issue more shares in our company to some one else they get more stake in the company and then they have greater voting power and hence greater control Instead of raising money by issuing shares, if we issue debentures i.e borrow money then we dont have to give away control When we give control to some one else, it means we are diluting our control
Sanjay Nandha
CA Inter
★ 11K+
1
335
Investment decisions
Financial Management
answered on 28-Dec-23 14:58
In this video Bala Aditya sir took 40%for project B and calculated NPV and irr.. and compared with discount rate of 12% for decision making Instead of 40% can we take a higher percentage and calculate npv and irr... For decision making??? Video Details Course: Financial Management Module: Investment Decisions Section: Illustration 26 - MVA Ltd - Part 2
latest answer
Yes u can take.but presentation wise we need to calculate using lower pv factor only
Harish Kumar
CA Inter
★ 180
1
373
Ind As 105
Accountancy
answered on 28-Dec-23 11:22
Is ind as 105 mandatory..that is, if an asset meets all the conditions specified in ind as 105 is it mandatory to classify that asset as asset held for sale.. Or is it just that, if u need to classify an asset under asset held for sale, the those conditions needs to be met
latest answer
No
Christeena Ambel
CA Final
★ 80
3
618
Manner of issuing invoice
Indirect Taxation
answered on 29-Dec-23 15:06
Supply of service: In case of job worker , the person transporting goods with delivery challan need which copy of invoice? triplicate? The job worker issues a Tax Invoice? Video Details Course: Indirect Taxes - GST (I) Module: Tax Invoice: Credit and Debit Notes Section: Rule 48
latest answer
Thank you sir
manasa preeshma
CA Inter
★ 2K+
2
514
Residential status
Direct Taxation
answered on 29-Dec-23 01:22
1) past year untaxed income will be taxable in this year ? If not then how is it taxable 2) Income from profession in Kenya which was set up in India = why Non Resident here don’t pay tax, even though income is earned from India source
latest answer
It generally means that some earlier year incomes which were not taxed earlier may be due to income tax exemption or double tax agreement. Such income cannot be taxed now just because it is brought to India now
Sushmita Chowdhury
CA Inter
★ 2K+
5
433
Ind AS 109
Financial Reporting
answered on 27-Dec-23 13:45
When Loan is advanced to Subsidiary company at off-market terms, Loan amount above Fair Value of Loan is considered as deemed investment in equity. Whether such equity investment continue in the books even after the loan is completely repaid? Video Details Course: Financial Instruments - FR Module: Financial Assets, Financial Liabilities & Equity Section: Illustrations 11 - 13
latest answer
Yes
shamanth rm
CA Final
★ 2K+
1
374
LLP
Corporate & Other Laws
answered on 28-Dec-23 09:27
If a person has ceased to be partner of LLP and has delivered notice to the registrar and still a third party has entered into contract with LLP assuming that he is still a partner Then will the former partner be regarded as partner for the purpose of that contract?
latest answer
No
Monika T
CA Final
★ 7K+
2
357
Process Costing Chapter
Costing
answered on 27-Dec-23 11:04
In this question why they are taking 40% of opening WIP for material.Generally Opening WIP percentage will not come for material right.Can we do the sum without taking the 40% for material and only 80% of Opening WIP for conversion cost? Video Details Course: Cost and Management Accounting Module: Process & Operation Costing Section: Introduction to Process Costing
latest answer
Since its 40% complete, it is included.
Lavi Lavanya
CA Inter
★ 6K+
1
417