IND AS 20, 21 Revision | CA Final FR | Government Grant, Foreign Exchange | By CA Ajay Agarwal AIR 1

Topics Coverage:
Ind AS 20 - Accounting for Government Grants and Disclosure for Government Assistance
Ind AS 21 - The Effects of Changes in Foreign Exchange Rates
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[@aasimbalbale756]

0:13 Ind AS 20 - Accounting for Government Grants and Disclosure for Government Assistance 6:13 Grant related to Asset 11:10 Ac for Monetary Grants 19:58 Ac for Non Monetary Grants 26:47 AC of Govt Grant Relatd to Income 31:26 Presntation of Govt Grant 35:30 Ac of Repayment of Govt Grant 40:12 Ac of Loan Recd from Govt at less than Market interest Rate 44:55 Ind AS 21 - The Effects of Changes in Foreign Exchange Rates 1:09:00 Ac for Foreign Currency Transaction 1:13:34 Subsequent Recognition of Foreign Currency Transaction 1:20:00 Non-Monetary Items NOTE:- 1:27:00 Amortisation Table 1:35:19 Inventory Purchased 1:37:30 Asset subject to impairment FOREIGN OPERATION 1:39:49 Meaning 1:42:51 Translation of FS 1:57:15 Intra Group Transactions 2:07:19 Translation of FS into presentation currency 2:08:35 Change in Functional Currency

[@Mystic_force]

Thanks

[@CA_GauravSingh]

Thanks bhai

[@rahulbaghel8824]

Thanks Bro

[@KunalJJwala]

1:30:00 Question

[@omprakashchoudhury4439]

Thank u

[@vipulrana6372]

45:10 IND AS 21

[@akashc7739]

Bhaiya thanks

[@yashjain958]

Thank you so much sir mujhe ind AS 21 mai badi problem aa rhi thi lakin ab sab smjh mai aagya Really great Video. Radhe Radhe Sir Ji

[@CASunnyKr]

Then how u did forex in sfm

[@tanishqjain132]

2:00:17 CFS me exchange gain OCI me jaata hai agar SFS me bhi OCI me gaya tha tabhi 2:01:58 Exch. Gain of Perpetual loan will always go to OCI

[@Mercuriankid]

Thank you for doing so much for us Ajay Sir. You and Atul sir are blessing for us. Aapke wajeh se kitne logo ki life better hogai hai yr, forever indebted to your selflessness and dedication towards every ca aspirant. I pray the Shri Ram always protect and guide you, 🙏

[@rangolikiduniya3]

Sir non Monetary me, if que is silent , what will we assume ?? cost model or revaluation model ??

[@aveekdas6343]

1:50:08 - FCTR ko OCI mai patak dete hai. Nice choice of words.

[@dhruvii1236]

1:24:00 fair value gain/loss and exch gain/loss treatment

[@nandinimittal3260]

Ab aaye na market mein asli revision videos ... ajay sir in, everyone's out 😂

[@helloji-nz5yv]

I wanted to take a moment to express my heartfelt gratitude for the incredible revision video you uploaded today. Your dedication to helping your students is truly inspiring, and I am beyond thankful for your continuous support. The way you explained the complex topics of government grants and the effects of changes in forex rates was nothing short of remarkable. Your clarity, examples, and concise breakdown made these subjects much more approachable and understandable for me. As I prepare for my CA final exams, I am confident that your video will play a pivotal role in enhancing my understanding and performance. Your expertise and teaching style make all the difference, and I feel more equipped than ever to tackle these topics with confidence. Once again, thank you from the bottom of my heart for your unwavering commitment to your students' success. Your dedication is truly making a difference in our educational journey.

[@rohtashbaghel7244]

मेरे प्रिय गुरुवर, श्री अजय अग्रवाल को मेरा चरण स्पर्श, आपके इस क्लास के लिए आपका बहुत बहुत आभार

[@rohtashbaghel7244]

@@shaquebshaikh491 tu ........ Aise hi rota reh....I have qualified two years back.

[@shaquebshaikh491]

😂😂😂

[@suramabudhia287]

😂

[@variasonali3780]

Thank you so much Ajay ji for all the efforts you put in. Every time you start explaining any topic you begin it by saying "Kuch bhi nahi hai topic mein itna easy hai " that itself gets some burden off our heads. I had taken your class in past attempt but I had old recordings and old notes. But these revision lectures and updated notes make up for it. There is absolutely no difficulty in understanding any particular topic. You and Atul bhai both make your respective subjects so much easier by your revision videos. If it wasn't for your videos I don't know how I would even revise it all by myself. May Radha Krishna bless both you brothers with best of everything. Keep up the good work! Radhe radhe 🙏🌟

[@CaAkash1]

बोलो वृंदावन बिहारी लाल की जय राधे राधे

[@Aivoice77]

sir hum bhatke hue CA students ke liye bht bada sahara ho aap ek ek word aapka FR smjhne ke liye moti ke samaan hain😇 Radhe Radhe🙏

[@awadheshanand3048]

you said if RA>CA then diff is impairment loss, but in example you said that if CA>RA then there will be impairment loss please rectify the correct.

[@yashkadam5286]

It is lower of both. Read carefully, it is correct in book

[@simrankaur6120]

@@yashkadam5286 but as per IND AS 36, if CA>RA then only the assets qualifies for impairment. It has been corrected in the latest version of the book.

[@aayushipurohit461]

Thank you so much Ajay Sir for this exhaustive revision !! Can't thank you enough 🙏🙏

[@aviii_paghadal]

Small Correction Ind As 21 notes.... 1:39:33 Recoverable amount < Carrying Amount Instead of Recoverable amount > Carrying Amount...

[@Boss-ji7dq]

Thank you, was searching for this comment

[@palkiandmuskan2507]

👌👌Concept clarity at it's best♥️♥️

[@sahilahmad1401]

45:10 - IND AS 21

[@vidushikhandelwal4961]

1:39:33 sir you said if RA>CA then diff is impairment loss, but shouldn't it be the opposite, i.e. if CA>RA then there will be impairment as per Ind AS 36

[@SteezyNik-vc8fi]

Its a clerical mistake

[@ca_arjunmanoj9303]

Radhe Radhe Bhai❤🙏.. Doing so much for students, even though ur health is Not Fine🙏❤Thanks a lot Bhai❤🙏🙏

[@AmitSingh-gv7mg]

1:21:01 Revaluation Model of PPE 1:35:16 Inventory

[@PankajSahu-zd4xn]

Radhe radhe shyam se milade 🙏🙏🚩🚩🙏🙏

[@bikashsingh767]

1:24:36 non monetary item fair value agar oci main jaata hain toh exhange gain loss oci nhi toh vice versa

[@YogeshJoshi-o5z]

RADHE RADHE

[@tejaswadher]

Thank you sir for revision lecture...Radhe Radhe

[@TykronosKnoxx]

Inter ke students dekh sakte Hain kya is video ko?? Kyuki inter main AS 11 : Accounting for changes in foreign exchange rates AS 12 : Accounting for government grants Hain. Please reply

[@hiroto1203]

no

[@pranjaldoshi7744]

44:57 IND AS 21

[@hasmukh_rajgor]

Radhe Radhe ❤

[@pratik6342]

1:51:50 FCTR OCI Reclassificaion

[@arnavlodh9775]

May you both brother live long. Salute to you Sir.

[@pratikbhardwaj1811]

Thanks a lot sir every word u say has relevance ❤️

[@NEERAJGUPTA-bi4im]

Thankyou Sir❤

[@ShubhamAggarwal-fr1rr]

1:08:25 Accounting of Indas 21 Relevant Indas starts from here

[@suramabudhia287]

Thank you so much for this wonderful video sir... Really helping me very much 🙏

[@RajshekarIengar]

Thank you so much Sir Radhe Radhe🙏

[@rahultiwari5364]

You are great sir Becoz of you FR becomes so easy for me . Aapke is revision video ko dekhne ke baad saara question aasani se solve ho jaata hai sir. I again say great great.......sir ji 🙏🙏

[@rachnakeshri.thankssirkesh3237]

Thanks🙏❤

[@aditigehlot9525]

Thanks

[@RAJENDRAKUMAR-gp2yd]

Sir, FR/SFM ka 50-60 din wala offer kab nikaloge Nov-2023 Ke liye, Last Attamp hai pls thoda jaldi nikaal do.

[@ns74894]

studied his AS from scratvh through this video wow

[@alexismorales-s9j]

23:27 option 2 , grant receivable in kind

[@mayankraj7326]

Radhe Radhe..!!!

[@sejaljain231]

Thankyou sir pure concepts bht ache se revise hogye

[@bhagyashribapte517]

Thank you so much sir... Both of you are god's gift Upto 26:49 govt grant related to asset completed. Upto 44:56 govt grant ind as 20 completed Normal foreign currency ie prt1 transaction completed upto 1:39:54 And foreign operation starts at 1:39:54

[@dhwani4416]

Bhaiya ek suggestion hai - DO NOT USE PLASTIC WATER BOTTLE, it have various side effects it releases plastic into the system ...I hope you read this comment and implement asap Thank you so much for the amazing revision lecture series Lots of love and blessings 🙏🏻 RADHE RADHE 🚩❤

[@pr_gaming9980]

Sir, Can we watch the lecture simultaneously on both laptop and mobile and of we have started lectures on mobiles then afterwards want to start in laptop, we have to download it again or it will already be downloaded

[@rushabhshah8122]

Each device is different . So you will need to download it again.

[@Mona1208-0]

Tysm sir 🙏

[@rushabhchawda5285]

Thank You so much ❤ Much needed Ind As 🔥

[@SureshKumar-ww6ib]

Thank you sir You are best teacher after seeing you market share,other teachers start advertisement like a vegitable seller with a difference that vegitable seller not show there customer reviews 😂😂

[@shubhamkankariya7768]

22:55 toh suppose networth calculate karne me asset include hi nahi hogi

[@purvibhutra2732]

Thank you sir for your efforts and support to provide us with this revision lecture. 🙏 A very small request that it would be the biggest help if you will also provide us with revision lectures of all "C" Category chapters because ICAI is targeting all these chapters. Sorry for demanding a lot even though you are doing so much for us 🙏

[@prerna72839]

Thank you so much sir!! Please upload the rest of the videos.

[@1crazyguys]

Thankyou sir its really good help to us..

[@Next__Step]

Thank you

[@Ghumkkkad_boys]

Thank you sir.

[@harshgumber3671]

Radhe Radhe

[@madhavsharma6844]

Thank you very much from bottom of my heart ❤❤

[@v.praveenkumar7842]

Accounting for foreign currency transactions 1:08:40

[@pateldhruv711]

Radhe Radhe sir Ji 😊 Thank you so much sir 😊

[@221pari]

Is it for Nov 2023

[@vishalmalara5344]

Yes

[@NehaPrajapati-gm4cs]

Thank you so much guruji ❤

[@GaganSharma-j7o]

Jay Shree Ram!

[@dinesh1961]

1:50:08 The way he says "FCTR ko OCI me patak dete hai" 😂😂

[@adarshshukla623]

Sir mast padate ap💯💯

[@poojahonrao9108]

Great explanation ❤

[@aayushishah7629]

Thank you so much sir Radhe Radhe

[@nandinimittal3260]

26:45

[@VinayKumar-vi8hz]

Super super super... Perfect explanation ❤❤

[@youtubeshorts1157]

Nice explained Best Faculty for CA Final FR and SFM

[@Student35928]

1:57:15 intra group trans

[@financialreportingajayagra132]

NOTES 🎉 GG meaning - govt help /support Eg. Devlopment of backword area by govt grant by giving grant to company when they est. Factory 🏭 there 🎉 Recognising GG - reasonal assumption that 🔹Entity will comply condition of grant 🔹Grant will be received Grant for asset 🎉 accounting of GG(GG in cash / kind) 😊 GG IN CASH Option 1 Substrate GG from cost of asset Option 2 Grant for depriciable asset : record defered income & liablity and t/f to p&l(in ratio of depriciation) over the period of usefullifeof asset Grant for non-depriciable asset: ➖Conditional grant : record defered income & liablity and t/f to p&l(in ratio of depriciation) over the period of CONDITION UNCONDITIONAL : t/f grant amount to p&l directly 😊GG in KIND OPTION 1 record grant at nominal amount (amount paid to govt related to asset received in grant- 1₹) OPTION 2 Depriciable asset : asset at FV of asset received & Grant received is recorded as deferred income & t/f to p&l in ratio of depriciation Non-depriciable: ➖Conditional grant : record defered income & liablity and t/f to p&l(in ratio of depriciation) over the period of CONDITION UNCONDITIONAL : t/f grant amount to p&l directly ➖➖➖➖➖➖➖➖➖➖➖ Grant for income Accounting If expense is already incurred for which grant is received ➡️ record grant in p&l immediately Grant for future expenses ➡️ record DEFERED income & t/f it in ratio of estimated future expenses. ➖➖➖➖➖➖➖➖➖➖➖ Disclosure 31:00

[@ayushigoyal534]

45:01 ind as 21

[@avanip8314]

After wasting time on other teachers short revision video.. Again came here at end for clarity

[@tanmay11chanana]

Hi, are these Revision videos good for conceptual understanding? I had taken class from PJ sir but lack confidence so could you pls tell

[@shubhmutha2142]

Thanks a tonn ❤❤

[@shanuagrawal6790]

1:27:00 loan

[@ektajain3983]

Amazing 🎉❤

[@kameshwaritangirala8037]

Can we please have a revision video on ind as 41 sir. Please

[@Sharma27400]

Please Ind As 33 ka revision lecture upload kr dijiye 🙏

[@creativebirds123]

Machinery 1:20:00

[@Mystic_force]

Thank you sir 🤩

[@rachana1570]

Is this relevant for may 24

[@avinashsonawane1204]

Ys bro

[@sakshi83492]

8:50 real revision and 27:31

[@umeshbudhlani2770]

Thanks sir for this amazing revision

[@AnilParmar-ez2qv]

Ind AS 21 1:08:35

[@PinkiVerma-c8f]

Sir category B and C ke liye concept notes de do plz

[@ca7406]

❤❤❤

[@SureshKumar-ww6ib]

Nice seen on 7 September 24

[@kavishjain7935]

Great Lectures. Thank you, Sir.

[@anshuuu99]

38:35

[@bookszonearvind5812]

1:14:11

[@jaisharma5962]

2:01:38

[@nidhijain2786]

Please share these pdf notes

[@mayavyas9364]

🙏🙏🙏🙏🙏🙏🙏🙏🙏

[@__MayankGupta]

1:31:25

[@amaresh6620]

Thank you for your support 🙏❤ sir 🎉🙏🙏🙏💝👌

[@hanilmandavia2605]

hahahahahha Gandhiji ka note diya hahahahahah Fun learning

[@swatii7878]

😇

[@StudyCAfinalwithme]

Thanku so much sirrrrr

[@jayanthjai1734]

Radhe Radhe ♥️