Forums
FOREX
AFM
answered on 16-Nov-23 06:42
Generally direct quotes are quoted as one unit of foreign currency expressed in domestic currency. Ex : USDINR but there are exceptions like GBP ,AUD,EUR. so in problems if it states USD/GBP , for britan resident it should be indirect quote right ? But in illustration 29, USD/GBP has been considered as direct quote. ideally it is indirect quote. so how do we know whether to treat it as direct or indirect quote ?
latest answer
Thank you sir
Enuguru Sai Nithin
CA Final
★ 78K+
2
413
FOREX
AFM
answered on 16-Nov-23 13:08
In the problem, actual forward is greater than theoretical forward ,( .780 >.779) , so as per logic buy cheap , sell costly , so rather than selling DEM @.780 after 3 months , can't we buy DEM @ .779 after 3 months ? Because we are buying at cheaper rate only. I had figured a logic , why in the problem it is considered as sell DEM ,pls correct me if it is wrong. Forward premia is less than intrest differential so we need to borrow foreign currency, here foreign currency is DEM, so if this is the 1st leg , if we borrowed foreign currency, ultimately we have had to sell them after 3 months. So is this why we are selling DEM rather than buying ? so will buying and selling depends on premia and intrest differential ?
latest answer
Your logic is absolutely right. Buying and selling depends on Premia and int diff- however I intentionally did not explain it that way because a lot of students may get confused and simpler way I thought of explaining is buy cheap and sell dear - however in one of the videos, I do remember mentioning it
Enuguru Sai Nithin
CA Final
★ 78K+
1
372
Syllabus Reduction in Chaos
Accountancy
answered on 15-Nov-23 20:14
Sir I see lots of chapters got reduced in new syllabus of CA Intermediate 2024, How do we study those chapters in future ? (out of passion in subject accounts ) Will they be available in Indigolearn? First of all my important doubt is why ICAI omitted all those chapters,do they want the student to learn on their own just like the case of self paced modules ? Are those chapters of any use in articleship or new syllabus of final ? Any testing will be made by ICAI on those chapters cunningly in new syllabus just to make paper tough ?
latest answer
Thank you so much sir
Harish Chandar T
CA Inter
★ 5
2
495
Ca inter
Others
answered on 15-Nov-23 20:09
Audit , sm,fm - fastrack se ho jayega kya?
latest answer
For May 24??
Pooja Chavan
CA Inter
★ 0
1
364
Fast track courses
Others
answered on 15-Nov-23 16:47
Are Fast track recorded courses available for CA Final
latest answer
We have free revision classes for AFM available on our YT channel https://www.youtube.com/playlist?list=PLuL76M8M-m1TwW6W8Xz1v9sBbRyqvR1nx FR revision live class that ended before exams https://www.youtube.com/playlist?list=PLuL76M8M-m1TV9sLqhp2x4K2riBTPgo98
Sindhu Machado
CA Final
★ 0
1
448
Futures and forwards contract
Others
answered on 15-Nov-23 16:40
Are price pre determined in both futures and forwards contract??I'm confused can anyone tell the difference between these 2
latest answer
Yes it fluctuates daily. It fluctuates becuase it is traded in exchange Eg: You agree to buy 1 Kg of gold from me at 60 lacs on say 31st dec 20x1 Tomorrow morning say india bans all gold imports and there for any new contract entered into from this day onwards for delivery of gold on 31st dec 20x1 the gold price is not 60 lacs but 1 crore When there is a new information on subsequent days new contracts for delivery of gold on 31st de c 20x1 will trade at new price. Hence teh price of futures fluctuates with elapse of time based on new info
Dhakshana Dhakshana
CFA L2
★ 18K+
4
347
Section 188 of companies Act
Corporate & Other Laws
answered on 17-Nov-23 08:56
I like to know whether provisions of Section 188 is applicable to independent director
latest answer
As per the Companies Act, independent directors are not considered "related parties" unless they have a pecuniary relationship with the company, its holding, subsidiary, or associate company, or a substantial shareholder. However, any material pecuniary relationship or transaction with an independent director must be disclosed and approved by the board and, if necessary, by the shareholders. Generally sec188 is not applicable to independent director
swaminathan sundaram
CA Final
★ 110
3
347
Ratio analysis 2nd illustration
Financial Management
answered on 15-Nov-23 20:12
In w.no 4) we found that only stock, not average stock. And in w.no 8) by the stock turnover we can find that avg stock is 25,500 Is it crt or not?
latest answer
yes - you will not usually get questions that can be solved in two ways - if such questions do appear, they will give you marks if you use any method
Shivashankar Jawai
CA Inter
★ 2K+
7
496
Payment issues.
Others
answered on 15-Nov-23 06:54
I have purchased classes, my account debited but transaction failure. I didn't receive classes either. Need help.
latest answer
Done!
Mohan kumar
CA Inter
★ 5K+
1
314
Financial Instruments
Financial Reporting
answered on 22-Nov-23 16:25
Dear Sir, In your video lecture you explained what is 12 month expected credit loss life time expected credit loss. After finding out the amount of loss we have to pass accounting entry for the same Bad debt debit credit Provision for bad debit. Am I correct. One of my friend said there is no entry for expected credit loss it is only to ensure that credit loss is not considered in working capital requirement Which argument is correct. Request your help please.
latest answer
Entry will be passed.
swaminathan sundaram
CA Final
★ 110
1
364