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Consolidated Financial Statement
Financial Reporting
asked on 13-May-24 15:29
Video No 12 Example 5 and 6 In this example Machine is sold to subsidiary at a profit of Rs 500 It is explained as 80% to parent and 20% to subsidiary we have to divide. 20% portion is NCI Portion so I have to credit NCI. Am I correct. Video time 9 minutes 21 seconds there this is explained
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No answers yet!!
swaminathan sundaram
CA Final
★ 110
0
29
Consolidated Financial Statement
Financial Reporting
answered on 12-May-24 19:18
Video No 8 Illustration 3 I saw the video lecture, after that using the book I solved it independently. Answer given in video lecture are different from the solution given in the notes. (I downloaded the softcopy).
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Will check
swaminathan sundaram
CA Final
★ 110
1
42
Financial Instrument - EIR
Financial Reporting
answered on 10-May-24 19:11
Please tell me how is this amortised cost at the year end Rs.1041 is calculated here?
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Please tell me the accrued interest amount for second year ?
Chandan Subudhi
CA Final
★ 12K+
1
53
Employee benefits
Financial Reporting
answered on 09-May-24 16:23
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
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Plan assets & liabilities
swaminathan sundaram
CA Final
★ 110
1
66
Ind AS 12
Financial Reporting
answered on 09-May-24 16:26
Hi sir , Is this topic of computation of DTA/DTL in case of compound financial instrument covered in the class videos
latest answer
IT will be added in Ind AS 109
k santosh reddy
CA Final
★ 0
1
48
FA / FL - Loan - Amortised method
Financial Reporting
answered on 10-May-24 20:24
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
FV is PV discounted at effective rate which is equal to TP.
Chandan Subudhi
CA Final
★ 12K+
9
76
Financial Liability
Financial Reporting
answered on 08-May-24 13:58
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
48
Ind AS 19 employee benefits
Financial Reporting
answered on 08-May-24 13:58
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
40
Foreign currency conversion
Financial Reporting
answered on 07-May-24 14:11
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
59
Ind AS 21 foreign currency conversion
Financial Reporting
answered on 07-May-24 14:00
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
38
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