Puttable Instrument - Fix to fix test

asked 22 hrs ago

I understand that generally Puttable instrument is a FL. But If it fulfils 6 conditions then it becomes Equity. Where as Fix to Fix test is applicable for other type of instruments.can you please make me understand this attached part where you are explaining the fix to fix test of Puttable instrument.

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No answers yet!!

Chandan Subudhi

CA Final

★ 12K+

0

20

Fixed Lease Payment at 15:10 of this video should be 1,90,000 instead of 1,95,000?

asked 1 day ago

Sir, in this video, at 15:10, when we are working out the Present Value of the lease payments after Modification at IRR = 5.43%, aren't the Fixed lease payments ₹1,90,000 instead of ₹1,95,000. In this video, though you are changing the Present value Factor, but you have not changed the amount of the Fixed Lease Payment to 1,90,000 from 1,95,000. Shouldn't it be ₹1,90,000? The answer will not change since the % of PV of Lease payments to the Fair Value of the Asset will only come down as a result of the Calculation with 1,90,000 in place of 1,95,000.

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Antara MuraliKrishnan

CA Final

★ 3K+

0

13

Mistake in Question

answered 2 days ago

In illustration 13, the Given income tax rate is 20% in text, but the question is answered using 25% tax rate.

latest answer

Will check. Thanks for reporting.

Delvin Davis

CA Inter

★ 0

1

26

Notes and Illustartion Questions PDF missing

answered 2 days ago

The class notes pdf and illustrations pdf are not attached. only this workings are attached in this chapter class. Not able to refer the questions and explaining notes.

latest answer

Full set of notes can be downloaded from resources section

Delvin Davis

CA Inter

★ 0

1

11

FL -Int. Rate change

answered 2 days ago

Have below queries regards to the illustration explained in this lecture: 1. In case 7.75% is the applicable Rate and 7.60% rate is the market rate, then Rs.3811 will be debited to PL & Rs.1444 will be credited to OCI? 2. The illustration explained in this is of Fixed rate interest rate NOT Floating rate. Is my understanding correct? 3. Same treatment is also applicable to Financial Asset?

latest answer

Got it . Thank you sir.

Chandan Subudhi

CA Final

★ 12K+

2

31

Consolidate Financial Statement

asked on 17-May-24 10:01

Video No 62 Illustration 33 I am struggling to understand what is the entry in separate financial statement and entry in CFS Can you send me the accounting entries here

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swaminathan sundaram

CA Final

★ 110

0

24

Consolidated Financial Statement

asked on 16-May-24 21:41

Video No 77 Illustration 39 Can I get journal entry after completing the calculation part

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swaminathan sundaram

CA Final

★ 110

0

21

Consolidated Financial Statement

asked on 15-May-24 13:39

Video No 23 Illustration 13 Investment in subsidiary is sold. Here investment account is not opened. I am comparing this journal entry with illustration 12.

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No answers yet!!

swaminathan sundaram

CA Final

★ 110

0

39

Consolidated Financial Statement

answered on 15-May-24 14:05

Video No 22 Illustration 12. When parent is losing control in CFS Investment account is debited for Rs 360000. Normally in CFS we do not show investment account. When control is lost we have to open new account Investment account and it is debited at fair value in this problem. Investment account newly opened as control is lost. Am I correct?

latest answer

Illustration 14 We have not opened investment account. Request your help please in understanding this

swaminathan sundaram

CA Final

★ 110

2

46

consolidated financial statement

asked on 13-May-24 15:37

Video No 13 Dividend declaration. Interim dividend shareholder approval required?? I am not clear

latest answer

No answers yet!!

swaminathan sundaram

CA Final

★ 110

0

35