Forums
Set C
Others
answered on 26-Nov-24 16:03
How to change the subject choosen in set C at the time of registering for final.
latest answer
ICAI has not provided guidance on this. Please create a helpdesk ticket on ssp portal
Ashwini Ashu
CA Final
★ 10K+
1
533
Internal Reconstruction
Accountancy
answered on 25-Nov-24 20:27
Why have we not provided journal entry for arrears of preference dividend? (Point iii)
latest answer
If the question states that arrears of preference dividend is payable, then you need to pass an entry for the same.
Sagar Kathuria
CA Final
★ 3K+
2
1K+
SPOM
Exams
answered on 25-Nov-24 17:04
Hello, I completed my CA Inter First group in May2023, and Second group in September 2024...I'm appearing for CA Final in May2026 . How many SPOM Papers do I need to write (all four or only Two papers)..kindly mention the subjects
latest answer
All 4
Seema Viswanathan
CA Final
★ 1K+
1
653
Audit and auditors
Corporate & Other Laws
answered on 28-Nov-24 00:20
What is the meaning of transitional period
latest answer
Its the time allowed by government to comply with amendments in law. Example: Lets say a Law is passed in 2013 & 6 months are allowed to comply with new law and make changes to existing systems that were running as per previous law. This 6 month is trans. Period
Lucky Ten
CA Inter
★ 0
2
550
Carrying value under FVOCI
Financial Reporting
answered on 25-Nov-24 18:24
Sir, Why are we remeasuring the Carrying value as per Fair value?
latest answer
Because the entity has exercised choice to measure it at FV
Gunda Sharan
CA Final
★ 150
1
172
Accounts of company
Corporate & Other Laws
answered on 25-Nov-24 15:01
I didn't understand this question nd ans
latest answer
The question is saying that the company plans to stop giving its Internal Auditing work to an external party, and start doing it by themselves The significance is just to let us know that internal audit function can be outsourced or done in house
Lucky Ten
CA Inter
★ 0
2
504
Gain/Loss
AFM
answered on 25-Nov-24 12:45
Why the gain or loss is annualised here? The movement in futures in given for 3 months in the question.
latest answer
We have annualised in order to show that the once a futures contract is entered into actual market movement do not have any impact and teh interest rate implied by futures is the one at which the buyer or seller will recognize their cashflows
Raviteja Kusumanchi
Qualified CA
★ 42K+
1
464
Cost of collar
AFM
answered on 25-Nov-24 12:43
In the last line of the question, it was mentioned as explain the cost of the collar. How should this be solved since question has no mention of premium.
latest answer
In exam if premia is not given you should state that without premia cost of collar cannot be found out . However based on cashflows because of the collar, the net interest cost is USD x Mio and it is beneficial to the buyer
Raviteja Kusumanchi
Qualified CA
★ 42K+
1
491
Ch11 financial statements unit1
Accountancy
answered on 27-Nov-24 01:57
In ch11 FS UNIT1 ILLN 4 Debenture interest has been shown as Current liability and in ILL 6 it is not shown as Current liability, should it be shown or not
latest answer
Tq
yaazhini kathiravan
CA Inter
★ 115
2
659
hp
Direct Taxation
answered on 26-Nov-24 14:41
115BAC HP LOSS CAN ALLOWED IN HP INCOME ONLY
latest answer
HP loss can be set off with HP income even in case of default tax regime under Section 115BAC.
Saniya Balekai
CA Inter
★ 285
4
597