Hard copy Notes

answered on 09-Aug-22 23:06

Hai Sir One request whether hard copy of notes will be provided for FR?? Because it will useful for me to study rather studing in pdf files...

latest answer

Yaa I can but I have no time do it, I am doing my articleship working in Sunday's also so finding it difficult.. and for each Ind AS separate notes is been given i can't able find a consolidated one... Just a one request from my side consolidate all notes together and give it as a full notes for FR so that I can take print easily

Barani Tharan

CA Final

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"Exchange transaction lacks commercial substances"

answered on 06-Aug-22 17:56

Can anyone elaborate this point with some real life examples.

latest answer

Thank you.

Peratchi Selvam

CA Final

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469

Ind AS - 36 - Impairment of Assets

answered on 22-Jul-22 10:37

Hello sir, In the Illustration 18 which deals in the computation of Value in Use. My question is why shouldn't we consider the inflation rate in the computation of costs as well just like how we computed for the sales.

latest answer

Welcome!

Vishal Satish

CA Final

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290

IND AS-02

answered on 11-Jul-22 13:32

Sir can u please tell me why in case of purchase we debit Inventory instead of purchases?

latest answer

For new doubt, please start a new thread. If you have query this, feel free to post.

Thanusha Lakshmi

CA Final

★ 3K+

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IND AS 2

answered on 27-Jun-22 17:26

in some problems NRV on 15th April is considered for valuing inventory We should consider NRV on 31-3 or later date for valuing inventory?

latest answer

You should be considering value of NRV based on adjusting or non adjusting events....

Priya Namburi

CA Final

★ 2K+

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IND AS 2

answered on 27-Jun-22 07:46

Due to lack of demand FG is sold below cost. So RM is to be valued at replacement cost Due to increase in demand of RM(which is used in production of other goods also) replacement cost is 10.5 where as the cost is 10 Should it be valued at 10.5 now which is more than cost

latest answer

It is lower of cost and NRV. Replacement cost is a measure of NRV for raw material

Priya Namburi

CA Final

★ 2K+

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272

How does step marking work in FR

answered on 24-May-22 09:57

I have solved the question in my exam relating to 103, though the question was easy, I have wrongly take deferred tax asset as liability and hence the question went wrong from start, just because of this one error. Will I lose entire 15 marks allotted to the question or will I get some marks for values in the balance sheet that are correct?

latest answer

Paper checker would have the knowledge - in fact all paper checkers have to pass an online exam (quite tough). Awarding of marks depends on the question.

THE GAMESMASHER 8242

CA Final

★ 340

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265

How does step marking work for FR

answered on 20-May-22 06:08

I have solved the question in my exam relating to 103, thought the question was easy, I have wrongly take deferred tax asset as liability and hence the question went wrong from start, just because of this one error. Will I lose entire 15 marks allotted to the question or will I get some marks for values in the balance sheet that are correct?

latest answer

For the parts /items which are correct, you will get marks.

THE GAMESMASHER 8242

CA Final

★ 340

2

281

Ind as 36 impairment

answered on 20-May-22 10:29

For the purpose of Value in use, Cash flows that are expected to arise from a future restructuring to which an entity is COMMITTED. Is this cash flow to be included for Cash flow projections or not?

latest answer

Include cashflows from restructuring.

Chandu vadla

CA Final

★ 11K+

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Ind as 36

answered on 20-May-22 10:31

What are corporate assets ?

latest answer

Assets which are not specifically allocated to a CGU and are used by multiple CGUs. For e.g. Corporate Head Office.

Chandu vadla

CA Final

★ 11K+

1

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