FR Nov 23 Exam Paper Solved I Suggested Answers I Consolidation Qs Detailed Solving in 90 Mins

[@rishabhsidana1545]

It took around 30 min to solve this question by Professor and institute wants us to solve this around in just 36 min (1.8*20) seems unfair

[@priyaranade3604]

Thank you so much Sir! This explanation was much needed!

[@swathikrishna3957]

sir , the 84000 on elimination of debentures is transferred to retained earnings how?

[@CAinMay2024]

Sir please bring a combined video for AFM involving discussion of case STUDY MCQ asked in RTP, MTP-1 and 2

[@kavishd4319]

Sir why has goodwill appearing in subsidiary books been retained eventhough it is considered to be a unidentifiable asset?

[@kavyanshah06]

As per Ind AS 109, Entry for Bills discounted should be Bank A/c Dr - To Loan Ac; Considering that, shouldn't the Inter-company Bills Receivable continue to appear for 2,00,000?

[@dhebekmn8636]

Much needed discussion sir! Thank you

[@anshh._.c]

In consolidation q1 of nov 23 paper, there you have discussed that in case of full goodwill when pre acq dividend is there we adjust NCI share of dividend as well. In shield no theory is given for the same and correct me if I am wrong but in question bank as well no such adj is there, can you provide the solution taking that assumption pls?

[@sanjeevangawas]

Earlier hammer had a stake of 40% so sleak was it's associate, if dividend was declared pre acquisition than we should have deducted the amount from investment and a simultaneous impact in P/L, this adjustment should also be done, can you please clarify sir.

[@Jain_a1917]

That treatment of reducing dividend is as per IND as 28 which applies to CFS and not SFS. hence no adj for that since we are looking at SFS of parent

[@Strive.in.the.cause.of.Allah.]

I think it's assumed that investments are measured at cost and not by equity method.

[@mridulbasiya7709]

Sir but bonus should be adjusted from post acquisition reserves as bonus issue was 28/2 i e after acquisition? Why have we taken it into pre acquisition networth?

[@SantoshSingh-we7vd]

Because unless given I question we always assume oldest profit capitalized first ,, hence therefore it's pre adjusted

[@chiragmaurya57]

You can assume it to be adjusted out of post , but since the post acq res balance is 37500, it's insufficient to account for the bonus of 50000, hence you would have to adjust the remaining 12500 from pre acq reserve, this treatment is also allowed

[@MugilanPoonkundran]

Thank you ❤

[@thatvadakkigirl]

wow. thank you sir