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auditors
Corporate & Other Laws
answered on 30-Apr-24 09:25
can 1st auditor reappointed as subsequent auditor for 5 years without cooling period
latest answer
In case the company has appointed an Individual Auditor, then such auditor cannot be re-appointed after the expiry of 5 years of its term. There should be a cooling off period of at least another 5 years.
Vidyakrishna vidyakrishna
CA Inter
★ 1K+
2
306
Bearer Plant
Financial Reporting
answered on 29-Apr-24 19:29
Case 1: Company X is a casting entity. There are some coconut trees in its premises. Whether it should be treated as bearer plants under INDAS 16 and capitalize it in the books? Case 2: Company X is a casting entity. It owns a coconut grove. Whether it should be treated as bearer plants under INDAS 16 and capitalize it in the books ?
latest answer
What is the objective/intention of the entity?
Swathi S
CA Final
★ 975
1
575
Holding - subsidiary applicability criteria
Financial Reporting
answered on 29-Apr-24 19:29
Company Y voluntarily adopts INDAS. Company X is a subsidiary of company Y . Whether it is mandatory for Company X to adopt INDAS , being a subsidiary of company Y ?
latest answer
No. But it has to provide INd AS related information.
Swathi S
CA Final
★ 975
1
258
Applicability of INDAS to NBFC
Financial Reporting
answered on 29-Apr-24 19:31
Company X (corporate entity) covered under Phase I of Roadmap. Thus, INDAS is mandatorily applicable from 1st April 2016. Company Y (NBFC) is a subsidiary of Company X. For NBFC Applicability starts from financial 2018-2019. For the FY 2018-19, whether INDAS is mandatory for company Y, being a subsidiary of Company X (or) INDAS mandatory only if the respective NBFC satisfies the networth criteria?
latest answer
For NBFC we need to check NBFC criteria.
Swathi S
CA Final
★ 975
1
256
Treatment of Interest portion of decommissioning liability
Financial Reporting
answered on 29-Apr-24 19:32
Whether Interest portion of decommissioning liability will be accounted in books? If so, how will be accounted ?
latest answer
Yes. Dr. Interest Expense Cr. Decomission liability
Swathi S
CA Final
★ 975
1
240
Cap gains
Direct Taxation
answered on 27-Apr-24 10:11
What would be the date of transfer of house property for which aggreement to sell is there amd part payment done on or before date of aggreement and so SDV as on date of aggreement shall be considered My doubt is what is the date of transfer? Is it the date of handing over the possession or registration date ?
latest answer
If advance is received on or before the date of agreement by account payee cheque then SDV on the date of agreement can be considered.
Sai Akash rockster
CA Inter
★ 5
2
320
Ethics and technology
Financial Reporting
answered on 26-Apr-24 00:13
Sir, can you please upload the pdf of the material you are teaching with on the app it’ll be really useful for the last day revision. I have to re visit the lecture even if I miss out on one thing please
latest answer
Entire notes is available under resources section
Venky Balamurali
Qualified CA
★ 0
1
205
Ind AS 102 Share based payment
Financial Reporting
answered on 02-May-24 09:44
Video No 20 Illustration No 9 Ankita Holding Inc grants 100 shares to each of its 500 employees. (Non market condition). In this problem we do not reverse the entry at the end of first and second year for not satisfying the company earning. Video No 21 Illustration 11 ACC Limited granted 10,000 share options to one of its managers. In this problem we reverse the entry at the end of second year. I am trying to understand the difference between these two problems. Request your help please
latest answer
In question no 9 - the company expects that the vesting conditions would be met.
swaminathan sundaram
CA Final
★ 110
1
342
IND AS 33
Financial Reporting
answered on 02-May-24 09:36
What was the correct answer?
latest answer
What is your doubt?
Divya Sri Vemavarapu
CA Final
★ 15K+
1
265
OVERALL
Strategic Management
answered on 25-Apr-24 21:07
Still there are no revision videos are uploaded, will it be uploaded or not cause its only few days left for the exams.
latest answer
https://www.youtube.com/live/z8bc_2iwhao?si=eTn5z2buGVd7ER43
Pranesh N
CA Inter
★ 4K+
2
322