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Fsa
CFA
answered on 28-Sep-26 08:49
Sir, lets say they ask us to find the translated inventory balance, and the ending balance is 16,000,000 : should it be transalted at the historical rate (rule of temporal method) or translate the balance at average rate (as they wer purchased evenly).
latest answer
It should be for the full 16,000,000
Kaarthick Abishek
CFA L1
★ 0
5
47
Revised cumilative revenue
Financial Reporting
answered on 28-Sep-26 10:02
Here why i should consider 60% for software implementation as the question never said customer should be 100% satisfied with the work or something like that, it tells on july 01 , x0 its 60% but before september it will be 100% right so why should we consider 60% performance obligation here ? [Video Time Stamp: 00:24]
latest answer
The variable consideration is for software impementation and hence the variable consideration is included in transaction price of software implementation. Since the work is only 60% complete, we consider 60% for revenue.
Niranjan Bhat
CA Final
★ 10K+
1
30
soft dollar and hard dollar commissions
CFA
answered on 26-Sep-26 10:32
I did not understand the example here, so explain what soft and hard commission wrt Standard 3a [Video Time Stamp: 05:00]
latest answer
Commission
Dhakshana Dhakshana
CFA L2
★ 18K+
2
38
Distinct performance obligation
Financial Reporting
answered on 25-Sep-26 16:34
so basically there are 5 conditions for a goods and services to be distinct not 2 ? [Video Time Stamp: 09:01]
latest answer
These are more like indicators
Niranjan Bhat
CA Final
★ 10K+
1
21
Brs
Accountancy
answered on 28-Sep-26 10:19
I don't get difference that which entry should rectify and which want bank reconciliation [Video Time Stamp: 05:34]
latest answer
We should rectify those entries where we have made mistakes or which we have missed. For e.g if bank charges are Rs. 100 and we did not record. Now this entry will not be reversed by bank. Hence we have to record. Or if we have incorrectly recorded some amount, that we need to correct. if bank has delayed some entries - for e.g. cheque issued but not presented. Now this is not our mistake and also bank will record when cheque is debited. So we put it in Bank reco
Atharv Pawar
CA Foundation
★ 4K+
1
59
Sorry sir chrome cleaning habit
Others
answered on 25-Sep-26 14:02
I. Not able to stop sorry sir I helpless
latest answer
Pls raise support ticket
Roshan G
CA Inter
★ 3K+
1
38
Forex
AFM
answered on 25-Sep-26 12:16
In 3rd point the question is encashing usd to inr spot or after 2 months but in solution we are converting inr to usd after 2 months so which way is correct the as will different in both cases
latest answer
Even if u don’t convert back to usdargument sake u don’t convert int to USF and retain it as int after 2 months in one alternative where ur had placed an inr deposit Compare the above amt with usd to inr conversion after 2 months and see- this amt will be higher than amt in prev para Answer will not change
Seetha Ram
CA Final
★ 20K+
2
34
Cfs
Corporate & Other Laws
answered on 25-Sep-26 13:26
Whether consolidated financial statement to be prepared by subsidiary and associate company? As per section 129, only company which have one or more subsidiaries or associates is supposed to prepare the cfs. (The holding company)
latest answer
Hi Geetha, Consolidated Financial statements are prepared by the Ultimate holding co, its's subsidiaries and associates prepare the standalone financials and provide the information to the holding company for preparation of CFS. 1)So, the question whether the Subsidiary prepare CFS? Generally no, but if it is an intermediate holding co and it's ultimate holding co is exempted from preparing CFS (and certain other conditions )then the subsidiary will prepare the CFS. 2)As for Associates, they don't prepare the CFS. (only the SFS). Hope that helps.
Geeta B
CA Inter
★ 9K+
1
51
Doubt
AFM
answered on 25-Sep-26 09:50
Why are futures not affected by volatility. [Video Time Stamp: 01:49]
latest answer
Volatity in spot changes futures prices. Future volatility is not accounoted for in it
pavan kumar
CA Final
★ 4K+
1
26
Exam structure L2
CFA
answered on 25-Sep-26 09:53
Sir, which subjects form part of the 1st session and which are for 2nd session
latest answer
no fixed set up. can be changed anytime and are random as per cfa institute
Kaarthick Abishek
CFA L1
★ 0
2
35