Forums
Blank Confirmation (INSIGHTS)
Auditing
answered on 04-Nov-25 11:39
I feel like blanck confirmations are the ones which have higher chance to rise exceptions. Because the client might one data with in books which the third party is unaware, also the party might have unupdated data vested with him, which when asked to fill in blank confirmation request form, the party may provide the wrong data. this will lead the auditor spend more time in performing additional audit procedure, investigating the exceptions. [Video Time Stamp: 02:44]
latest answer
Yes. Blank is a part of positive confirmation . So it’s more reliable than negative confirmation.
Vinod Kumar
CA Inter
★ 11K+
1
75
NEGATIVE CONFIRMATION - PERSUASIVE?
Auditing
answered on 04-Nov-25 12:01
Mam in just the previous lecture, you've mentioned that a Negative confirmation is less persuasive in nature. But in this video, you say that, it is Persuasive evidence??? Please Clarify in this regard. [Video Time Stamp: 10:06]
latest answer
Thank you for the positive confirmation mam 👍
Vinod Kumar
CA Inter
★ 11K+
4
84
Compulsorily Convertible Preference Shares
Financial Reporting
answered on 06-Nov-25 11:05
Sir, in the lecture it has been explained that the PV of the liability component will be computed by discounting the dividend outflows at the market rate (15%) and not at the EIR (15.86%) [@ 8:00 mins] and after that we apportion the transaction cost between the liability & the equity component. But Sir since EIR is already considering the transaction cost, can't we directly discount the cash flows using the EIR since we will get approximately the same answer. PV of liability component discounted @ 15% (INR 5,02,823) 'minus' Proportionate Transaction Cost (INR INR 10,056) = INR 4,92,767. PV of liability component discounted @ 15.86% = INR 4,92,752. [Video Time Stamp: 07:54]
latest answer
Yes we get the same answer. That also can be done.
Vignesh Panigrahi
CA Final
★ 1K+
1
102
Illustration 37
AFM
answered on 04-Nov-25 10:48
Why the cost is taken same for 3 years . It can also be convert into present value know.... [Video Time Stamp: 01:37]
latest answer
Expenses have been taken as given and adjusted with salvage value -PV of that net amount has been computed If you are asking are amounts of Rs.3K of taxes and 30K, 35K & 43K maintenance - these amounts are given at current prices. We did compute these costs at NPV as explained above after adj for salvage value EAC has been computed only after that Check screenshot below:
Hemanth kumar Kapuluru
CA Final
★ 2K+
1
81
Illustration 53 - Requirement of Financing component?
Financial Reporting
answered on 06-Nov-25 11:07
In the Illustration 53, as the payments are received on monthly basis but the license is used for 2 years i.e., more than one FY. Is there any requirement to identify the significant financing component in the transaction?? [Video Time Stamp: 06:30]
latest answer
if the timing of payments provides either the customer or the entity with a significant benefit of financing - basically if it has significant financing component, then we should compute PV. In most cases the subscriptions would be cancellable on a month to month basis. Hence discounting is not done.
Immanuel Babu
CA Final
★ 5
1
89
Exemption
Exams
answered on 06-Nov-25 11:35
I got 70 marks in costing....now should I get 40 each in the remaining 2 subjects or should I get 40 each in the remaining subjects and also get aggregate of 100(50%) in the remaining 2 subjects
latest answer
Thank you sir
Shaviri Reddy
CA Inter
★ 1K+
3
125
Disclosure
Accountancy
answered on 06-Nov-25 11:16
There is a doubt if we don't show the income or expenditure below 1 lakh or 1% of the revenue whichever is higher. Then doesn't that affect our profit & loss a/c if we don't show the immaterial things then should we not consider the immaterial things as expenses or income.
latest answer
We will show all income and expenses. They will be clubbed as other expenses and separate disclosure is not required.
Snehashis Mohanty
CA Inter
★ 35
1
143
MAT
Direct Taxation
answered on 04-Nov-25 18:01
Will mat be applicable on company having losess if yes then why?
latest answer
Please refer Section 115JB.
Snehashis Mohanty
CA Inter
★ 35
1
103
RCM
Indirect Taxation
answered on 04-Nov-25 18:14
Can anyone define RCM and why it is applicable with a Simple example
latest answer
In some case the responsibility for payment of tax in cast on the recipient. In case of insurance agent providing service to insurance company it is difficult to catch every agent, so they have shifted the responsibility on the insurance company.
Snehashis Mohanty
CA Inter
★ 35
1
93
Exemption
Exams
answered on 03-Nov-25 19:39
Hello I got exemption in ca inter cost in sept 25 and if i write both group in jan 26 and clear grp 2 but got exemption in grp 1 any one paper say advanced accounts so for may 26 will cost and advanced accounts both will be considered as exemption. Thank you
latest answer
Thank you sir
Vani Suresh
CA Inter
★ 20
2
116