Forums
INTER REGISTRATION
Others
answered on 09-Feb-24 22:37
Sir I wish to register CA inter through direct entry and planning to write Group I and Group II separate. Shall I apply the form and fees for both groups or single group. Please advise Thanks
latest answer
Thank you sir
LAKSHMI G
CA Inter
★ 5K+
2
300
As-2
Accountancy
answered on 09-Feb-24 22:31
For determining cost of inventory in As-2, direct cost increases with increase in production and variable overheads also increases with increase in production. How can we differentiate direct cost and variable overheads
latest answer
Direct cost is variable cost. It refers to Direct Material and Direct Labour which you can trace to final product. For e.g tyres for a car is direct material. Overhead is something which you cannot trace to final product. E.g Electricity ⚡️. You will learn more of this in costing.
sitaram kollepara
CA Inter
★ 2K+
1
205
Articleship
Others
answered on 22-Feb-24 20:56
If cma articles can be done in CA firm , why ca articleship and cma articleship shouldn't clash ? Why Ca articleship can't be considered by ICMAI ?
latest answer
ego issues between instiutes.
Sai Vema
CA Final
★ 108K+
1
315
Ill 33
Financial Reporting
answered on 12-Mar-24 09:15
Hi Sir, I have 3 questions. 1. How did we determine at 120 CPI the lease payment is 100,000. Going by the same logic we can also make an assumption that for 125 CPI the lease payment is 110,000 right, instead of recalculating? 2. While revising lease liability amount, why do we not create ROU for the same amount and difference between change in ROU and change in lease liability taken to PL of the year as CY loss or gain? 3. The question states that only in first quarter of 2014 the entity has concluded on extension of lease. If so, we need to make payment for lease on 1/1/14 and then during the first quarter only the revised changes will be accounted for. WHy have we given retrospective impact in this case?
latest answer
no issues sir. Thank you for the detailed clarification.
Dhvaritha Ravishankar
CA Final
★ 7K+
3
194
Esop-J.E
Accountancy
answered on 23-Feb-24 09:34
Why charging diff value of mkt price & face value as sec.prem in Esop rather we take employee ex.price compare with face value?
latest answer
We are allowing employees to buy shares at a lower price. If the company would have issued the shares to outsiders, they would have received fair value. Say FV 20 Exercise price is 15. Employee is getting a benefit of 5 and company is sacrificing that benefit.
Kamal Kumar
CA Inter
★ 7K+
1
292
CDS - Payment methods
Others
answered on 10-Feb-24 13:18
It seems there is only card payment available for ordering books in the cds portal. Is there any option to pay by internet banking or UPI transaction. Kindly clarify
latest answer
I'm trying to order new scheme material by using coupon and paying only 1000 as conversion fees.
Aswin Chandar
CA Final
★ 40K+
4
409
As 18
Accountancy
answered on 09-Feb-24 19:06
What is difference between substantial interest and significant influence if one has 20% or more voting power , then it is called substantial interest or significant influence
latest answer
They have substantial interest with which they exercise substantial influence.
Krishnan K
CA Inter
★ 5K+
1
335
Why can't we consider increase in Net Assets also capital expenditure
AFM
answered on 09-Feb-24 16:57
Sir Assets also increases from 474 to 489 why Diff of 15 is not considered as assets
latest answer
We are considering the change in gross as capex outflow - so what is your query then
Surya Prakash
CA Final
★ 19K+
4
375
Crossword puzzle
Direct Taxation
answered on 09-Feb-24 18:26
Will crossword puzzle be asked in mcq, if that then there ll be choice given or just like fill in the blanks.
latest answer
3000000 Cause
ganesh raman
CA Inter
★ 2K+
3
467
Restating the prior period balance sheet
Financial Reporting
answered on 09-Feb-24 07:49
Will the company issue a new annual report whenever it restates its balance sheet and P&L or only show the impact in the current and prior periods as shown in Nirma Ltd? I think it won't issue a new annual report. just show the impact in the current and prior periods. Is my understanding correct?
latest answer
It will be incorporated in next annual report.
Chaitra Hegde
Qualified CA
★ 10K+
1
167