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Employee benefits
Financial Reporting
asked 17 hrs ago
Video No 36 Illustration 24. I can understand calculation of OCI. OCI amount is 165750 is debited to OCI. Which account I have to credit
latest answer
No answers yet!!
swaminathan sundaram
CA Final
★ 110
0
22
Ind AS 12
Financial Reporting
asked 20 hrs ago
Hi sir , Is this topic of computation of DTA/DTL in case of compound financial instrument covered in the class videos
latest answer
No answers yet!!
k santosh reddy
CA Final
★ 0
0
10
FA / FL - Loan - Amortised method
Financial Reporting
answered 14 hrs ago
Please share an illustration relating to Loan(NOT INTEREST FREE) where solution has given for both the parties I.e. lender and borrower. So that we can understand from a broader perspective that how one instrument is recognised as FA for one party and FL for another party.
latest answer
Sir, please ignore this. I get it clarified now.
Chandan Subudhi
CA Final
★ 12K+
5
42
Financial Liability
Financial Reporting
answered 21 hrs ago
FR > Financial Instrument. The answer is we need to carry the creditors in amortised cost. And it’s FV + Interest. But how to compute interest without knowing the period (when exactly the creditors will be paid)
latest answer
Initially the FV wil be transaction price. Subsequently we will provide interest if payment is delayed.
Chandan Subudhi
CA Final
★ 12K+
1
21
Ind AS 19 employee benefits
Financial Reporting
answered 21 hrs ago
Video N o 33 Illustration 21 RKA Ltd is old company. In this problem expected return is calculated on debited to Fair value of plan asset 1140 *8% . Actual return why no separate entry is passed and why expected return is not reversed after understanding what is my actual return
latest answer
The difference between expected and actual is recognised separately in OCI.
swaminathan sundaram
CA Final
★ 110
1
18
Foreign currency conversion
Financial Reporting
answered 1 day ago
For foreign travel I paid money of USD 3000. Assuming travel expense from 25th February to 7th March is USD 1500. The exchange rate for this expense need not be constant through the period. So how to decide exchange rate for the expense.
latest answer
You can take from RBI - FBIL rate.
swaminathan sundaram
CA Final
★ 110
4
31
Ind AS 21 foreign currency conversion
Financial Reporting
answered 1 day ago
Assuming I have USD 2000 receivable on 31st March reporting date. To convert the same into INR from where to exchange rate from RBI website or any other bank wesbite
latest answer
RBI or bank rate or market rate. But it has to be consistent
swaminathan sundaram
CA Final
★ 110
1
16
Illustration 6
Financial Reporting
answered 1 day ago
We have arrived the net carrying amount as 10 lakhs after deduction of impairment loss My doubt is Why are we not providing depreciation for the year as we have all the date related to residual value and remaining useful life?
latest answer
So Can we assume that carrying amount of 15 lakhs is after deduction of depreciation. So After that we are reducing 5 lakhs of impairment losses , Right?
Vijay Ramesh
CA Final
★ 765
2
28
Employee benefit
Financial Reporting
answered 1 day ago
Video no 33 Question 21 Return on plan asset is not income of the company so why should I consider it as part P & L item
latest answer
Plan assets are owned by the company
swaminathan sundaram
CA Final
★ 110
1
25
Illustration 2
Financial Reporting
answered 1 day ago
Illustration 2 paid 500,000 for transaction it was mentioned 2% over market price in that case 500,000 includes (100+2%) = 102 % why are we computing the 2% on paid value.
latest answer
2% of market price is transaction cost.
Vanacharla Sai Pavan Kumar
CA Final
★ 8K+
1
36
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