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Ind AS 115 - Bill and Hold - Ill 52
Financial Reporting
answered on 27-May-26 19:18
Hi sir, in Q52, the custodial services are considered as separate Performance obligation, but is it not highly interrelated with the main sale of spares? We cannot fulfil the promise of storage of spares without selling the spares, right?
latest answer
Ah right, thank you sir
Vishnu Muraleedharan
CA Final
★ 32K+
2
79
Premia - Equalised value
AFM
answered on 27-May-26 16:02
Sir, in part ii) in arriving equalised value of premia, the alternative way is to considered 9 months (AB Ltd) and 5 months (XY Ltd). Is it because the interest rate for the 1st 6 months is certain? If taken that way, then the PLR rate is also given for the next reset date i.e. rate applicable for next 6 months, then the alternate solution must be for 8 months and 4 months right? [Video Time Stamp: 08:39]
latest answer
Premium is paid at beginning of loan only
SANJITHA
CA Final
★ 1K+
3
89
VOID CONTRACT
Corporate & Other Laws
answered on 27-May-26 10:22
IF THE MAGICIAN PASSED AWAY BEFORE THE CONTRACT IT BECOMES VOID BUT WHAT ABOUT THE EXPENSES INCURRED BY THE EVENT ORGANIZER? WHO WILL COMPENSATE FOR THAT? [Video Time Stamp: 03:33]
latest answer
The organizer is not automatically compensated unless the contract or applicable law provides a right to recover those expenses. Often the loss falls where it lies unless insured or contractually allocated.
vidya Shah
CA Inter
★ 0
1
152
Ind AS 115 - Illustration 37
Financial Reporting
answered on 23-Jun-26 09:33
Hi sir, in Q37, we are allocating 32,222 to professional services inclusive of the Variable Consideration. Given this is 25-30% over the standalone price, and we are giving discount on the other products, wouldn't it be appropriate to allocate the Variable Consideration to other products too?
latest answer
you must assess whether the resulting allocation aligns with the standalone selling prices and the overall commercial substance of the arrangement Its more of a judgement thing than an absolute rule
Vishnu Muraleedharan
CA Final
★ 32K+
5
79
WC for FCFF
CFA
answered on 27-May-26 09:51
While calculating WC for FCFF, and lets say we have been given two balances for current interest payable (one for this year and for previous year in the balance sheet), do I need to ignore it like the notes payables or adjust its change in the WC part? Thank you
latest answer
You will ignore both balances of Current portion of LT Debt
Kaarthick Abishek
CFA L1
★ 0
1
107
Illustration 1
Costing
answered on 11-Jun-26 10:20
In the illustration 1, the faculty as not considered the wastage for the cost apportionment but in the ICAI material they have added the wastage as well. do i need to consider the wastage or not for the illustration.
latest answer
The final answer does not change. You can do it either ways
AKSHAI KEERTHI
CA Inter
★ 4K+
1
111
Illustration 20
AFM
answered on 26-May-26 20:44
Sir, What is here mean by profit on her cash position [Video Time Stamp: 08:58]
latest answer
Yes exactly
Mhd Mmp
CA Final
★ 870
3
82
Ind AS 115 - Changes arising from contract modifications
Financial Reporting
answered on 16-Jun-26 09:53
Hi sir just want to make sure i got it right. The last bit was confusing For any change after modification, Where it is accounted separately = Identify which contract it relates to Where not accounted separately - Accounted as Termination-and-Creation + Relates to Variable Consideration from prior to modification = Basis of Performance Obligation prior to modification - Every other case = whatever is unsatisfied after modifying Is this correct?
latest answer
In the summary part, i got a little confused based on the wording in the video, not sure at which part that was. Just wanted to make sure what i wrote above as a summary is what is correct.
Vishnu Muraleedharan
CA Final
★ 32K+
2
92
Voice is not audible
Financial Reporting
answered on 26-May-26 06:51
Voice is not audible while taking this lecture. Please upload the correct lecture. [Video Time Stamp: 34:42]
latest answer
Will check
Rahul Jaiswal
CA Final
★ 0
1
95
cash V physical settlement in CDS delivery
CFA
answered on 25-May-26 13:27
I didnt understand the difference between cash and physical settlement, in which type of settlement does the investor give away his bonds and in which settlement does he sell his bonds at the market price?
latest answer
In cash he seLLS his bonds and CDS writer compensates
Kaarthick Abishek
CFA L1
★ 0
1
165