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CA · CA Final · Advance Financial Management

What is the difference between forward contracts and futures contracts in AFM?

In CA Final AFM derivatives and forex, I need to write a theory answer on forwards vs futures. Which key points should I cover?

forwardsfuturesderivativesafmGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Final · Financial Reporting

What is the five-step model of revenue recognition under Ind AS 115?

Ind AS 115 is huge in CA Final FR. Can someone explain the five steps in simple terms with an example so I can apply it in case studies?

ind as 115revenue recognitionfive-step modelfrGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Foundation · Accounting

How do I identify capital expenditure and revenue expenditure in CA Foundation questions?

In CA Foundation Accounting, I lose marks on capital vs revenue expenditure questions. Things like repairs, installation charges and legal fees confuse me.

capital expenditurerevenue expenditureca foundationaccountingGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Intermediate · Auditing and Ethics

What is the time limit for assembling the final audit file under SA 230?

For CA Inter Audit, I read that the audit file must be completed within some days of the audit report. Is it 60 days? And can documentation be changed after that?

sa 230audit documentationaudit fileauditingGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Intermediate · Financial Management and Strategic Management

Should I use book value weights or market value weights while calculating WACC?

In CA Inter FM, some WACC questions give both book values and market values of equity and debt. Which weights should I use if the question does not say?

wacccost of capitalmarket value weightsfmGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Intermediate · Cost and Management Accounting

Why do profits differ in cost accounts and financial accounts, and how do I prepare a reconciliation statement?

I'm practising reconciliation of cost and financial accounts for CA Inter Costing. I understand the format but I get confused about which items are added and which are deducted.

reconciliationcost accountsfinancial accountscostingGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Intermediate · Taxation

What is the difference between composite supply and mixed supply under GST?

In CA Inter Taxation (GST part), some questions give a bundle of goods or services and ask the tax rate. How do I decide if it is composite or mixed supply?

gstcomposite supplymixed supplysection 8GradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

CA · CA Intermediate · Advance Accounting

What is the difference between amalgamation in the nature of merger and amalgamation in the nature of purchase?

I'm studying AS 14 for CA Inter. I keep mixing up the two types of amalgamation and which accounting method goes with each. How do I tell them apart in a question?

as 14amalgamationpooling of interestspurchase methodGradeHunt_TeamGradeHunt Team · · 0 votes · 1 answer

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