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current liability
Financial Reporting
answered on 26-Jan-26 10:53
If real estate business has operating cycle as 4 years, then inventroes are classified as current asset? [Video Time Stamp: 06:07]
latest answer
Yes
Shilpa hosmane
CA Final
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1
27
Revaluation where decommissioning liability is there
Financial Reporting
answered on 13-Feb-26 13:03
When we buy an Asset, we add the present value of the decommissioning liability (Say 100+20). But when we revalue it, say based on DCF, (eg at Rs 110) we consider the liability as a negative right? So when we revalue it, should we not add back the present value twice? (20+20+100 so 140)
latest answer
Understood, thank you sir
Vishnu Muraleedharan
CA Final
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6
41
present value
Financial Reporting
answered on 25-Jan-26 12:11
sir, here we getting benefit interest but why are we calculating fair value of loan, instead why we not calculate by difference of interest rates and discount the interest of 15lakhs(25lakhsx%x5years) [Video Time Stamp: 04:32]
latest answer
You will understand the full logic in Ind AS 109
santosh durgapu
CA Final
★ 2K+
1
17
Goodwill allocation
Financial Reporting
answered on 27-Jan-26 10:27
Sir goodwill on acquisition is not only allocated to the acquired business but also to the existing business right???? In this question goodwill is allocated to CGU A,B,C alone as the ratio is mentioned in the question.... If nothing is mentioned about allocation of goodwill that is no ratio is given and the carrying value of SUN Ltd is also given means..... Will we allocate Goodwill to Existing Business (SUN Ltd) as well??? If so who or in what basis we'll allocate the Goodwill??? [Video Time Stamp: 09:25]
latest answer
The question will specify basis of allocation.
Mohanbabu N
CA Final
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1
23
Change in ownership
Financial Reporting
answered on 24-Jan-26 09:51
If there is no loss of control, then we have to disclose under Financing activity, this is applicable only for CFS or even standalone?? [Video Time Stamp: 06:28]
latest answer
For standalone its a disposal of investment so investing activities
Shilpa hosmane
CA Final
★ 9K+
1
23
Ind AS 41 Agriculture
Financial Reporting
answered on 27-Jan-26 10:27
Sir how come we are recognizing revenue from sale of an asset when 18 goats are sold on 1st June 20X2
latest answer
Sale in ordinary course of business. Like inventory is also an asset. When sold revenue is recognised.
Prasoon Goel
CA Final
★ 920
3
37
Q
Financial Reporting
answered on 27-Jan-26 10:29
sir suppose in this Q, there was exchange rates mentioned in Case 1.Then we can say that the host contract(due to gross settlement) is outside Ind AS 109 scope, but the forward contract is an embedded derivative due to currency risk right? [Video Time Stamp: 02:55]
latest answer
If gross settlement - outside the scope. if currency is USD but if its functional currency of Supplier, then it will not be a derivative but a normal foreign currency transaction covered by Ind AS 21.
SANSKRITI BADRI 2111339
CA Final
★ 3K+
1
22
Q
Financial Reporting
answered on 27-Jan-26 10:30
Sir in this contract, on 9th sep we agreed to pay 10L USD @ 67.8 Rs. each,Doesnt this mean we need to pay 678L on 31.12.X1 no matter what ? then why are we recording bank payment as 670L? [Video Time Stamp: 13:43]
latest answer
We did not agree to pay 10L USD at 67.8 (this is a forward rate) We agreed to pay 10L USD. On day of settlement, we buyUSD at market rate and pay.
SANSKRITI BADRI 2111339
CA Final
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1
29
Reversal of CGU Impairment loss
Financial Reporting
answered on 27-Jan-26 10:32
Sir when CGU loss is to be reversed we have to look into individual asset's wise right?? i.e) The carrying amount Individual assets can cannot be increased beyond lower of below right?? so what if 1. Individual asset's (Machine-A) recoverable amount = ₹ 4,20,000 ( Instead ₹4,50,000) 2. Individual asset's (Machine-A) Carrying amount had no prior impairment loss = ₹ 4,30,000 Then the maximum Reversal of Impairment loss is (a)Individual asset's (Machine-A) Carrying amount after impairment = ₹ 4,01,816 (b)Individual asset's (Machine-A) recoverable amount = ₹ 4,20,000 REVERSAL OF IMPAIRMENT LOSS = ₹ 18,184... Am i right sir???
latest answer
Yes, You are right.
Mohanbabu N
CA Final
★ 2K+
1
29
Illustration13
Financial Reporting
answered on 09-Feb-26 17:25
sir, in para 3 ABC ltd will make payment to former share holders, how it is considered as deffered consideration it looks likes remuneration for services. [Video Time Stamp: 07:39]
latest answer
If it is not linked to future service then its part of purchase consideration. The amount is dependent on just time i.e. after some years. If no payment is made if the shareholders do not work, then its compensation.
saipriya v
CA Final
★ 170
1
18