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IND AS 10
Financial Reporting
answered on 02-Jun-25 13:03
Sir kindly explain why only disclosure is necessary
latest answer
We have updated this.
R Yashwanth Kumar
CA Final
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22
IND AS 10
Financial Reporting
answered on 28-May-25 16:18
Sir in case of a tax dispute conditions would have been existed at the balance sheet date right, how it is an non adjusting event?
latest answer
In this case conditions existing on balance sheet is not clear.
R Yashwanth Kumar
CA Final
★ 86K+
2
22
IND AS 10
Financial Reporting
answered on 27-May-25 18:19
Sir in this question we shd adjust the financial statements right as conditions existed on the balance sheet date,
latest answer
Query resolved as it is a contingent asset no adjustment to financial statements is required only discloser is necessary
R Yashwanth Kumar
CA Final
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1
17
Value of NCI
Financial Reporting
answered on 26-May-25 08:29
In previous video value of NCI (20%) is calculated assuming same value as controlling interest's consideration for its share (80%), but here it is calculated as percentage of net identified assets value. Good will be different in both. And the reason for this calculation even though net identified assets is given in the first case.
latest answer
I got it sir, it was mentioned in the question to do like that so we did. Thank u
Narayanashetti Suresh
CA Final
★ 355
1
27
IND AS 16
Financial Reporting
answered on 26-May-25 17:05
What if in the upward revaluation of 10% in recognized at 31/03/X6, depreciation can be provided only on 17,50,000 right?
latest answer
First you will provide depreciation on cost basis. And then compare that amount with revalued amount of Rs. 17,50,000
Nawar Fathima AV
CA Final
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1
31
INS AS 16
Financial Reporting
answered on 26-May-25 17:06
What if the cost of materials of Rs.21000 is gross of Rs.3000 on sale of scrap
latest answer
If the cost of material is 21,000 and scrap sale is 3000 Then the cost to be considered is 18000
Nawar Fathima AV
CA Final
★ 3K+
1
28
Question 8
Financial Reporting
answered on 23-May-25 12:49
Sir, for lease payment we will add the variable payments also right. Here it is showing that it will be transferred to a statement of profit and loss account.
latest answer
Okay sir. Thank you.
K Vamshi
CA Final
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2
35
Applicability of Statement of Changes in Equity
Financial Reporting
answered on 22-May-25 07:59
Sir, as per Section 2 (40) of the Companies Act, 2013, financial statements includes a statement of changes in equity, if applicable. Is there any instances where the statement of changes in equity is not applicable?
latest answer
If entity doesn’t follow Ind AS. Like Accounting Standards
Gokul
CA Final
★ 0
1
44
PPE OR INVENTORY
Financial Reporting
answered on 19-May-25 09:17
For ex Indigo learn has brought computers while buying there is no intention to sell but after buying we have sold and doing this kind of trans often so does it comes under inventory or PPE . Intention to be seen at the time of purchase ?
latest answer
When we sell after use, its not in ordinary course of business. So not an inventory.
Sowmitha C
CA Final
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1
30
Accounting treatments if Co writes call options.
Financial Reporting
answered on 26-May-25 17:10
Sir, What should we do if the company writes the call option and the holder exercises the right ? In this video don't talk about this.
latest answer
yes
Balaji R
CA Final
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3
58
Offerings
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