Forums
Netflix example
Financial Reporting
answered on 06-Jun-24 15:05
If Netflix can able to sell the web series independently, such web series can be treated as Intangible assets. If Netflix cannot sell the web series independently, instead only entire business/brand only can be sold, in such case, web series will not be treated as Intangible assets. Am I right, sir?
latest answer
Yes.
Swathi S
CA Final
★ 975
1
188
Specific borrowing
Financial Reporting
answered on 15-Mar-25 06:59
Sir, Why the borrowing cost related to construction of asset on 1st Oct has to be capitalised for one full year?
latest answer
Yes. Because we deduct interest on temporary investments when funds are not used.
DIVYA S
CA Final
★ 55K+
3
159
SPOM MCQ
Costing
answered on 05-Jun-24 21:55
Can anyone pls confirm the answer for the attached mcq? Ans given is B
latest answer
Refer attached.
Priyanka Udeshi
CFA L1
★ 14K+
5
399
Consolidation
Financial Reporting
answered on 07-Jun-24 11:21
Dividend adjustment cannot understand properly
latest answer
Where is the question?
Rakesh Saraf
CA Final
★ 0
2
219
Please explain this with example and it is not explained by madam
Auditing
answered on 08-Jun-24 10:52
The engagement partner shall form a conclusion on compliance with independence requirements that apply to the audit engagement. In doing so, the engagement partner shall: - (i) Obtain relevant information from the firm to identify and evaluate circumstances and relationships that create threats to independence (ii) Evaluate information on identified breaches, if any, of the firm’s independence policies and procedures to determine whether they create a threat to independence for the audit engagement and (iii) Take appropriate action to eliminate such threats or reduce them to an acceptable level by applying safeguards, or, if considered appropriate, to withdraw from the audit engagement, where withdrawal is permitted by law or regulation. The engagement partner shall promptly report to the firm any inability to resolve the matter for appropriate action.
latest answer
Also when they say, if permissible by law and regulation, it means sometimes Audits are required by government or regulatory authorities. In cases auditor cannot withdraw from engagement
Jagadesh Viyyapu
CA Inter
★ 1K+
4
330
Group Borrowings
Financial Reporting
answered on 18-Jun-24 10:07
In Standalone financials , the borrowings are treated as Specific borrowings and in consolidated financial statements, the borrowings are treated as General borrowings. Am I right?
latest answer
It cannot be generalized like this.
Swathi S
CA Final
★ 975
1
171
SPOM MCQ
Costing
answered on 05-Jun-24 16:03
Can you please explain this MCQ, why answer not A or D? Can't find poka yoke anywhere in book
latest answer
Thank you sir!!
Priyanka Udeshi
CFA L1
★ 14K+
4
403
SPOM MCQ
Costing
answered on 05-Jun-24 16:02
Can you please help me with solution of this MCQ?
latest answer
This is the correct solution
Priyanka Udeshi
CFA L1
★ 14K+
2
385
Foreign Exchange Management
Corporate & Other Laws
answered on 05-Jun-24 16:30
Commission per transaction to agent abroad for sale of residential flats in India exceeding USD 250000 OR 5% of inward remittance whichever is more prior approval of RBI is required. My doubt is when agent are available to sell the flat why should I appoint a person outside India. I am not clear on this point
latest answer
This is the situation where the target market is the international buyers an agent abroad can provide significant value there.
swaminathan sundaram
CA Final
★ 110
1
274
Whether class are amendend or not
Indirect Taxation
answered on 04-Jun-24 20:42
I want know that whether the class are as per amendment (or) i have to see the last video may23 amendments
latest answer
Thank you sir
srikeerthik Ram
CMA Final
★ 0
4
177