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75% Criteria
Financial Reporting
answered on 04-Dec-24 14:12
What if there is only one operating segment and 75% criteria is not being met. What will be done in such case, sir?
latest answer
If there is only one operating segment, than segment reporting wont be applicable.
Swathi S
CA Final
★ 975
1
168
75% criteria
Financial Reporting
answered on 04-Dec-24 14:16
What is the logic behind this criteria, sir?
latest answer
The 75% revenue rule ensures that external users of financial statements receive adequate information about the business activities contributing to the majority of the entity’s revenue. Without this segment reporting might exclude critical parts of the business
Swathi S
CA Final
★ 975
1
187
Why journal entry?
Financial Reporting
answered on 04-Dec-24 14:22
There is a journal entry Hedge Payable 150,000 To bank 150,000 Why are we passing this entry. I am selling the forward at Rs. 80 on 30 April. That means I will get 80 lakh rupees. There is only a loss on my end, I don't have to pay anyone no? So why are we crediting bank.
latest answer
Say I sold 1$ in future at an agreed price of 80. On settlement, the value of the forward is 1$ = 85. Now on the settlement date I need to buy from market at 85 and sell it at 80. So I incur a loss of 5. Entry to buy USD Cash A/c Dr. 85 To Bank A/c 85 sale Bank A/c Dr. 80 Hedge payable Dr. 5 To USD Cash A/c 85 if you combine both entries, there is an outflow of 5.
Manu Jacob
CA Final
★ 6K+
1
193
Difference between FV hedge and Cashflow hedge?
Financial Reporting
answered on 05-Dec-24 13:41
I am little confused. What is the difference between FV hedge and Cashflow hedge? Which is used when? In the end both are used to protect the person from changes right? What is difference and how to know which is cash flow hedge and which is FV hedge? Please explain
latest answer
Cash Flow Hedge The hedged item is a forecasted transaction or a recognized asset/liability that has cash flow variability due to market fluctuations. In most cases it is to with a forecasted transaction. Assume the company expects to buy crude for which payment is to be made in USD. Here the purchase is not yet happened. But still the company enters into a USD future contract to safeguard its cashflow. This is cashflow hedge.
Manu Jacob
CA Final
★ 6K+
2
407
Two stage model
AFM
answered on 04-Dec-24 21:53
Sir, in illustration 6 we used Two stage model where we did P5/(1+ke)^5, but here we did not brought it to PV i.e (1+ke)^5. What is the logic for the same
latest answer
Ohh yess sir ! Got it 😅!!
Hrishikesh Pradhan
CA Final
★ 18K+
2
625
ACCA Exemptions, Fees therefor
Others
answered on 04-Dec-24 20:10
Sir im rohit from chennai. Iam ca final student. Wrote nov 24 both groups. Waiting for results Have some doubts regd ACCA This is my info for your reference I did g1 only in may 24 n failed but got 45 in afm, 42 in fr and 30 audit Cleared both SPOM set A law 56/100, setb scpm 62/100 in spom exams in july 2024 Got 45 in idt in old syllabus may 2023, 43 in fscm m23, scmpe in may 23 and failed in dt. Got BCOM general degree done in 2019 I would like to know exemptuons available to me (knowledge, skills levels) and corresponding exemption for 40+ in ca finals for FR and AFM in ACCA basically in short, if i get bcom done and 40+ in fr and afm eavh, cleared SPOM both sets, will i get similar exemptions in acca for fr, afm, spom? Kindly mention exemptions for bcom ug cleared also sir What will be my overall exemptions (6 or 9 papers) and exemption fees chart
latest answer
YOu can get duplicate marksheet for previous attempt by making an online application. Whether the university is accepted by ACCA or not, you can check on their portal. However your CA inter will entitle you to exemptions.
Rohit Ramesh
CA Final
★ 0
3
884
Mutual Fund
AFM
answered on 03-Dec-24 21:08
Sir, will NAV at the end of the period change with type of scheme ( Dividend distibuted, Reinvestment ? .
latest answer
If dividend is distributed money is no longer within the fund so nav goes down If it is reinvested units will increase and nav will go down
R M
ACCA Professional
★ 4K+
1
699
Opening stock
Financial Management
answered on 03-Dec-24 19:19
Why didn't we mention opening stock in b/s?, of illus 2...if we mention then cogs will change right? Im confused... When should i show opening balance
latest answer
IN this question they asked us to compute closing restructured balance sheet IF cogs can be directly found out why will you bother about opening stock data that is provided Also abridged balance sheet here obviously refers to opening Closing stock has to be found based on ratios provided.
07- Issac Jolly-XII C
CA Inter
★ 16K+
1
534
Arbitrage process
Financial Management
answered on 03-Dec-24 19:15
Arbitrage process explained in the lecture is different from the ICAI Study material. Which one should I follow
latest answer
Either way you will get marks. In ICAI material itself they have provided alternative strategies. You can state relevant assumption based on the scenario- you will get marks https://resource.cdn.icai.org/81827bos65985-cp5.pdf
moulika vankayalapati
CA Final
★ 2K+
1
288
Abridged
Financial Management
answered on 03-Dec-24 19:21
Is abridged b/s means opening b/s
latest answer
Here you have to assume abridged is OS because there are a lot of subsequent movement details provided in the question
07- Issac Jolly-XII C
CA Inter
★ 16K+
3
567