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collection fees
Financial Reporting
answered on 23-Sep-26 17:13
1.Derecognition of financial asset when part of financial asset is transferred , the carrying value of the financial asset has to split on the basis of relative fair value of financial asset which are retained and FV of financial asset which are transferred but in question why we included the FV of collection fees in that split 2. usually can the collection fees be recovered from transferee/buyer . 3. Did FV of the Financial asset includes FV of collection fees so that its included in carrying value split [Video Time Stamp: 05:33]
latest answer
1. When an entity transfers a portion of a financial asset but retains the responsibility to service it i.e to collect the amounts, it is providing a service and is entitled to fees. Hence an asset. 2. Generally the buyer pays the collection fees or the seller deducts from proceeds collected. Something like factoring commission. 3. Yes
Shinisha Rose R
CA Final
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provision
Financial Reporting
answered on 23-Sep-26 17:13
in the questin bank for this question answer is given as 930lakhs as provision it should be 950lakhs in total. kindly revise it [Video Time Stamp: 04:48]
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Will check
Niranjan Bhat
CA Final
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2
38
About syllabus
Others
answered on 23-Sep-26 17:26
Sir, my attempt is may 2027 .Now ,I registered in icai the books were came .On it the books were " Relevant for May 2026,September 2026 and January 2027 examinations " . If there is any changes for May 2027 syllabus.
latest answer
Ok sir,Thank you.
Gangula Pavana kumari
CA Foundation
★ 870
3
68
Shorting stocks
AFM
answered on 21-Sep-26 20:14
Sir, Day 0: I short sell a stock and use the cash to buy the same share in the cash market. Day 90: As far as I understand, that share will become 307.258 in Day 90 and I sell it in the cash market. I use that money to take delivery of futures contract, and then use that delivered share to settle my original short from Day 0. Am I correct, sir? [Video Time Stamp: 20:06]
latest answer
One transaction ( shorting) is in futures market and one transaction ( buying) is in cash market. both transactions are not in same market. When you short a stock + buy futures . The cash that you get on shorting the stock is invested in rf assets. On due date you will take out the cash and execute futures contract , get delivery of the stock and close out the short transaction
Gokul
CA Final
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1
38
interest accrued
AFM
answered on 21-Sep-26 20:10
why only two securities was considered to get interest accrued. In question they did not mention anything [Video Time Stamp: 20:22]
latest answer
Sec 1 & 2 have coupon dates on every mar / sep last day ( check 2nd last column) . so when we value them on 1st July there will be accrued interest from mar to June sec 3 & 4 have coupon payment dates on every June 30,so on 1st July there is no accrued interest for that year when we value them. Now security 2 & 3 are semi annual coupon so coupon of 10% is paid in 2 parts 5% in march and 5% in sep - so when we value this security on July 1st 3 months of int is accrued i.e 5% / 2 for security 3 semi annual coupon is paid on June 30th so on 1st July nothing is outstanding.
Swapna Kumari
CA Final
★ 6K+
4
47
Pm
CFA
answered on 21-Sep-26 19:22
What is systematic risk in PM...pls explain
latest answer
Systemic referes to risk of market failure and includes operating / infra aspects as well as interlinkage of firms aspects. systematic refers to risk that is linked to macro economic aspects
Dhakshana Dhakshana
CFA L2
★ 18K+
2
43
Performance obligation - Non cash consideration
Financial Reporting
answered on 23-Sep-26 17:20
Sir/Madam, a quick clarification on Para 66 of Ind AS 115: You mentioned that non-cash consideration is valued at the fair value on the date of performance obligation. Since the text of Ind AS 115 is silent on the exact measurement date, is ICAI’s study material taking the date of transfer/receipt as the default benchmark in its illustrations?
latest answer
In real life the transaction price is measured with reference to contract inception. But again there are practical considerations and for classes we take simplified approach taken by ICAI.
Anurag Anil
CA Final
★ 710
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42
closing value of investment
AFM
answered on 21-Sep-26 16:19
to get closing value of investment you add 202180+100000. where did 100000 come from. [Video Time Stamp: 13:17]
latest answer
Return is 202180 Investment is 1 lac Total closing value is 302180 Org inc 10000x 10
Swapna Kumari
CA Final
★ 6K+
1
32
Fsa
CFA
answered on 22-Sep-26 19:43
Sir where do service cost, net interst cost come in cashflow statement? Are they added back in the cfo, because we deduct the employer contribution there right
latest answer
They are non cash expenses. Employer contribution is a cash expense
Kaarthick Abishek
CFA L1
★ 0
3
35
NCA held for sale
Financial Reporting
answered on 21-Sep-26 10:10
here in this situation aslo sholud i limit it to the carrying amount of the asset as if i didnt do impairment last year and reverse the impairment to that extent ? [Video Time Stamp: 12:43]
latest answer
reversal is strictly limited to the cumulative impairment losses previously recognised under Ind AS 105 and Ind AS 36.
Niranjan Bhat
CA Final
★ 10K+
1
35