[rihaam]

Was waiting for ur kind reply.

[rihaam]

Sorry I didnt get u. “kit won’t have questions” meaning? I was talking about SBL. Sorry forgot to mention that.

[rihaam]

Thanks a lot.

[rihaam]

In the link above u had mentioned that quoting the ISA tite and no. Vs. just discussing the relevant context will earn the same marks. Is it the the same for IAS standards as well?

Sorry for bothering you with the same question but its really hard for me to byheart the no and title.

Thanks

[rihaam]

“If the auditor suspects management or those charged with governance are involved in the non compliance, the matter should be reported to the audit committee or supervisory board”

In the above line copied from my text, those charged with governance and audit committe are seperate bodies.

Im totally confused

[rihaam]

One more question.
‘If reclassification ceased, then there would be no need to define profit or loss, or any other total or subtotal in profit or loss, and any presentation decisions can be left to specific IFRSs’.

What does the above sentence mean?

Thanks a lot.

[rihaam]

But gains/losses arising on FVTOCI investments in debt instruments,aren’t they recycled to Profit or loss. Its said so in my text but saw something contradicting elsewhere. That’s the reason for this question.

Thanks

[rihaam]

But why do we really do that?

Thanks for ur time.

[rihaam]

Ok. Thank u so much.

[rihaam]

Cleared. Thank u.

[rihaam]

Thanks a lot.

[rihaam]

Thanks a lot!!

[rihaam]

One more question..
Is the loss allowance shown as a separate element in balance sheet or netted off against carrying value of financial asset

Thanks again

[rihaam]

Got it. Thank u so much!

[rihaam]

1)If it is included in liability why r we adding it again?

2)Isnt it wrong to let that exchange loss remain in liability? Shouldn’t that loss be shown under OCI ?

Thanks for ur time

[rihaam]

Ok that makes it much more clear.
Thank you so much.

[rihaam]

Thanks a lot!

[rihaam]

@rihaam said:
Can u please explain me how would scrip issue reduce the debt equity ratio(nominal value basis)?

So that means debt equity ratio ( nominal value basis ) wont change.
But the sad fact is this is what is given in the book

[rihaam]

But isnt bonus issue basically a transfer of reserves to share capital ? Then how would the total equity change?

[rihaam]

Thanks a lot!

[rihaam]

Sir.. I still didnt get it

[rihaam]

Ok…thanks for clearing my potential doubt too!

[rihaam]

Ok thanks a lot!

[rihaam]

ok got it. Thanks a lot !

[rihaam]

I have watched ur lecture and i do watch them before every chapter. They are really helpful!

1.isnt overdraft a payable? And if so, when its reduced won’t the operating cycle increase?

2.when receivables are converted into cash quickly how would the current assets reduce as cash is also a current asset. Isnt the only form of current asset changing?

Can u pls clarify these 2 doubts.

[Author]

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