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Ind AS Applicability
Financial Reporting
answered on 01-Sep-26 09:57
1. If a holding company met applicability criteria, IND AS applies to its subsidiary also; whether it applies to its step - down subsidiaries too? Likewise whether holding also includes ultimate holding company? 2. If a company voluntarily adopts IND AS, whether it applies to its holding, subsidiary, associated and JV?
latest answer
Yes, if a company meets the mandatory applicability criteria, Ind AS will apply to its step-down subsidiaries as well. If a company voluntarily adopts Ind AS, it does not automatically become applicable to its holding, subsidiary, associate, or joint venture companies. The rule of automatic applicability to group companies is only triggered when an entity meets the mandatory statutory thresholds
SANJITHA
CA Final
★ 1K+
1
26
Cash flow statement
Financial Reporting
answered on 03-Sep-26 09:47
Good evening sir. I have a small doubt. Savings Bank interest/ FD Interest (where FD is classified as part of cash and cash equivalents), this interest will form part of cash and cash equivalents or investing activity?
latest answer
It will form part of Investing Activity. Even though the principal amount of a short-term, highly liquid FD might be classified as 'cash and cash equivalents', the interest received on it represents a return on investment.
Roobashree Rajagopal
CA Inter
★ 1K+
2
28
Cash component
Financial Reporting
answered on 04-Sep-26 14:59
In illustration 9 as per parent we deducted cash balance but in return the subsidary receiving cash but we are not charging that in consolidated statements or subsidy statment
latest answer
Subsidiary is not receiving cash. The share holders (NCI are receiving cash)
Seetha Ram
CA Final
★ 20K+
1
38
Extention window
Exams
answered on 01-Sep-26 09:56
Last date for course extension?
latest answer
15th Sep
Preeshma Manasa
CA Inter
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1
32
Not a question..small change in LDR revision chart
Financial Management
answered on 31-Aug-26 12:18
page 224, benefits of reverse merger same as tests to be satisfied.
latest answer
Thanks for highlighting Looks like some dtp error
VIDIKSHA PAWAR
CA Final
★ 550
1
29
PM
CFA
answered on 31-Aug-26 10:44
The break-even inflation rate is expected to be 2% over the next year. What is the credit spread for a 2% annual pay corporate bond maturing in one year with a market price of $96.91 ($100 par) if the real risk-free rate of return over the next year is 1%? A) 2.00% Incorrect Answer selected Option A is 2.00% is incorrect B) 2.25% Correct Answer unselected Option B is 2.25% is correct C) 0.19% how to solve this sum
latest answer
NOMINAL RF = 1.01 X 1.02 - 1 = APPROXIMATELY 3% YTM OF A BOND with maturity value = 100 + last year int of 2 and cmp = 96.91 = 5.25% credit spread = 5.25 - 3 = 2.25
Dhakshana Dhakshana
CFA L2
★ 18K+
1
26
Chapter 7 - TDS
Direct Taxation
answered on 11-Sep-26 11:28
Sir in ITA 2025, Section 393 (1): 1. Commission or brokerage: (i) Any income by way of remuneration or reward, whether by way of commission or otherwise, for soliciting or procuring insurance business (including business relating to the continuance, renewal or revival of insurance policies). 1. sir here Payer is "Any Person" so the payer can be Insurance Company or An Individual (Subject to Audit condition) or Any other Person (Company/LLP/HUF/Firm), is everyone cover ? 2. CASE I - Insurance Company (payer) pays insurance commission to its agent (payee) - payer (any Person). CASE II - If Agent (payer) pays insurance commission to its sub agent (payee) - Payer (any person). CASES III - If Company (other than insurance) pays to Authorise agent as a separate fee/reward for arranging/procuring that insurance for its business (not insurance company paying to agent) - Payer (any person). sir my doubt is revolve around "any person" it can the above three case payer or else insurance company only the payer for this provision.
latest answer
It is any person not necessarily insurance company.
39 - Sri Sankar G
CA Inter
★ 0
1
33
PM
CFA
answered on 30-Aug-26 18:03
The sensitivity of a corporate bond’s spread to changes in the business cycle is most likely to be: A. uncorrelated with the level of cyclicality in the company’s business. B. positively correlated with the level of cyclicality in the company’s business. C. negatively correlated with the level of cyclicality of the company’s business. ans is B why not C if the gdp is inc that means spread will decrease hence -ve correlation
latest answer
A company with highly cyclical operations (like an airline or automotive company) sees its earnings drop severely during a recession. Because its financial health is tied closely to the economy, investors demand a massive risk premium, causing its credit spread to blow out dramatically. Its spread is highly sensitive to the cycle. Ans is b C is incorrect because a negative correlation would imply that highly cyclical companies have rock-stable bond spreads that don't react to the economy, while non-cyclical companies have highly volatile spreads. This is the exact opposite of how credit markets price macroeconomic risk.
Dhakshana Dhakshana
CFA L2
★ 18K+
1
21
Rule 3 condition 4 problem 16
Corporate & Other Laws
answered on 01-Sep-26 17:56
In problem 16, the amount withdrawn from the free reserves is first utilised to set off the loss. Remaining is available for distribution of dividend. So while checking the condition 4 , whether we need to deduct amount withdrawn before set off of loss (25l) or amount withdrawn after set off of loss (5l). To check whether the balance in FR doens't fall below 15% of psc. [Video Time Stamp: 36:22]
latest answer
Use the amount withdrawn Before set-off of loss (₹25 lakhs), not the balance after set-off (₹5 lakhs).
Geeta B
CA Inter
★ 8K+
1
22
illu 3 partnership
Accountancy
answered on 31-Aug-26 10:20
c purchSE 1/3 OF GOODWILL 20000 NOT 2000 [Video Time Stamp: 07:23]
latest answer
Thanks for highlighting. We will correct it
Jeevethan
CMA Inter
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1
30