Ind As 23 Revision - All Concepts + SM Questions | Borrowing Costs | Pratik Jagati

[@MohitGupta-pb1kv]

Exchange Difference: 18:40 Specific and General Borrowings: 54:26 Commencement of Capitalisation : 01:18:18 Cessation Of capitalisation : 01:25:50 Suspension of Capitalisation: 01:33:11 Relevant Concepts : 01:37:54 TYK Q1: 02:29:32 TYK Q2: 01:1:08 TYK Q3: Separate video in-app TYK Q4: 01:56:20 TYK Q5: 02:04:28 TYK Q6(IMP): 02:10:55 RTP May2021(How will you capitalize): 02:24:06 RTP Nov 21(Nikka Ltd): Seperate Video in App Illustration 5(Exchange Difference): 02:32:27 Remaining: In app Thank You very much!

[@rgsolutions6885]

Sir, Q.3 is still locked in your app. Plz check.

[@jyotiroy3028]

@@rgsolutions6885 can you please tell me what is the process to see Q3 and Nikal Ltd in the app I don’t see a separate video for same Thank u

[@theerthanarayanan4547]

@@cafinal5617 Bro the lecture for this question is locked how do i access it

[@MelodiousMillie1111]

Thank you Thank you thank you🙏

[@MelodiousMillie1111]

@@theerthanarayanan4547 yes the lecture is locked

[@shrutishriya2689]

Despite your health issues and at points you became breathless and gasped, but kept going for us students, still uploading videos and updated content so close to exams for maximum benefit, Our sincere gratitude and prayers with you Sir🙏

[@keshrisahu3115]

Kya health issue HH inko

[@vkap2408]

Exchange Difference: 18:40 Specific and General Borrowings: 54:26 Commencement of Capitalisation : 01:18:18 Cessation Of capitalisation : 01:25:50 Suspension of Capitalisation: 01:33:11 Relevant Concepts : 01:37:54 TYK Q1: 02:29:32 TYK Q2: 01:1:08 TYK Q3: Separate video in-app TYK Q4: 01:56:20 TYK Q5: 02:04:28 TYK Q6(IMP): 02:10:55 RTP May2021(How will you capitalize): 02:24:06 RTP Nov 21(Nikka Ltd): Seperate Video in App Illustration 5(Exchange Difference): 02:32:27 Also : kzbin.info/www/bejne/eHaYkJpvms6Hn6c

[@SCD0]

Bade bade naam waale teachers aise nahi samjhaate Pratik sir aisa samjhaate hain ki question dekhkar sab yaad aane lagta hai Thankyou

[@harshtripathi3318]

Correct Veere 😊

[@dishantgala8168]

21:33 eg on exchange difference 56:45 eg on specific borrowing 1:13:21 difference between specific and general borrowing Q5 last qstn summary on exchange difference

[@somavyshnavi7759]

Indeed a legendary teacher....Mene bht bhayanak soyi thi mere FR ke lecture me...so jab exam ke pehle padhai ko baithi toh samjha hi nhi tha....fir meneYT pe sir ke dekhe...aur mera exemption aaya he FR me ....kaamal ka teaching he sir ka... hands off to you sir....such a humble and simple person

[@rahulbansal7579]

Classes kaha se Li thi apne

[@surendrapandey4158]

Love from Nepal sir… Wish to play football someday with this Guwahati hero… Real kick in the football field as well. Just like u do in FR 🙏🙏🙏 # Respect # Prayers for your complete recovery soon

[@throughankanslens2411]

Sir...you are a TRUE INSPIRATION for all of us. Take care of yourself and get well soon.

[@unknownuserid2401]

I was compelled to write this comment in middle of watching the video. Sir, you are great, I could never understand the logic in exchange difference sum, and you have explained in a jiffy. Many many thanks for helping students in CA journey. May you get all of success and happiness you deserve !!

[@khankausarjaha8070]

Sir ur the BEST😊 Just because of u SFM and FR becomes so easy and interesting Before i really gave up on FR (certain topics) but really thanks to u for making such hard topic so easy and understanding. Really thank u so muchhhh😊

[@juhichugh7815]

Happy to see u again sir Thank u so much sir! Shivji bless you 🙏

[@user08524]

kya padhate ho sir aap❤.... sachiii mei sir aapko dil se bht bht bht sukriya...bhagwaan ji sachiii sache mann se pray h ki aap bahut bahut aage jao prosperity mei💥om shanti ❤....hats off to you💥....no words for your teaching style 💯💯💯💯💯💯💯

[@MelodiousMillie1111]

Thank you thank you thank you 🙏 2:29:30 QUESTIONS

[@henilshah5668]

Lengend is back.... ❤️ Saviour 👍

[@rishabhsahu9390]

You have changed the whole picture of Financial Reporting 🙏🏻 Incredible!!!

[@faizahmed588]

Have you taken his classes?

[@blossomstar-e3x]

A huge respect and gratitue to u sir. May GOD BLESSES YOU ALWAYS . I Love You Sir. you steal our hearts

[@ravimehta156]

U deserve like because of amazing style of teaching

[@studywithvaibhavsingh9253]

Cleared my Grp 1 without classes and by watching your lecture ... I am here for GFRS enjoying your lecture , thanks for helping students

[@nikhilns9535]

Can you share me the link of the downloaded question bank files of FR

[@Rafey124]

Sir u r so down to earth and humble,we should also learn from u these qualities

[@shubhamgupta113]

Sir 10000/- ki fees barbaad karne ke baad, puri FR apse free me padh raha hoon. Sacche dil se wish hai sir ki pass hoke apko personally milke thankyou bolun.🙏🙏

[@namratagautam3101]

Pure personality, Super honest Person ❤

[@harshhhh.k]

My reference: Q 1 01:51:00 Q 3 Seperate KZbin Video Q 6 02:04:00 Q 7 01:56:00 Q 9 Seperate KZbin Video Q 11 02:24:00 Q 12 02:11:00 Q 14 02:32:00

[@truehacker.A]

tq bhai radhe radhe

[@Sonic-xg3ox]

1:51:04 Tyk 2 2:32:27 illustration 6

[@urmithakkar6634]

Binge watching jst like web series.. A day before exam to revise the cncpt to cover it in short period of time.. Jst a vaccine for exam fear and to build confidence.. ❤😇 Chlta h sir bdi video ho jaye toh.. Jaha cncptual clarity mil jaye student jinko pdhna hota h bdi video bhi dkh lete h... Thank you so much.. 🍰🍮

[@suhailitoo4318]

How can someone b so clear with the concepts, u made it a cup of tea, Salute sir❤

[@Sr33_D]

AIR1CA QB 02:04:28 Q6 01:56:20 Q7 2:24:06 Q11 02:10:55 Q12

[@Ghostt007]

Pura dala kar bhai

[@anjanajoshi9049]

Sir your teaching skill is on another level💫....even a non CA student can also try to get this subject....just bcz of your way of explanation🌸...ki haan exactly kyo kaise kya ho rha h krke....you are putting so much efforts for us....thank you for your incredible support ♥️😊

[@nilamsingh9244]

Have you seen Tyk 3 on app..please help me..i am unable to find it

[@komalsharma-pn6pc]

Wow...sir nobody can teach like you..that conceptual clarity is on next level... thankyou pratik sir for making fr so so easy❤️

[@rahulbansal7579]

I am confused for FR classes should I take classes from pratik sir or Sarthak Jain Sir

[@komalsharma-pn6pc]

@@rahulbansal7579 without any doubt just go for pratik sir's classes.. believe me you will have 100% conceptual clarity.

[@rahulbansal7579]

@@komalsharma-pn6pc What about doubt support

[@komalsharma-pn6pc]

@@rahulbansal7579 Telegram, watsapp

[@rahulbansal7579]

@@komalsharma-pn6pc okay Thank you Aapne bhi partik sir ki class li h kya

[@harendrasrivastava7932]

The way u explain, most trick concept become so easy ........🙏🙏🙏

[@NidritaSengupta]

Thank you so much for always being with us !

[@AmanKumar-hq9tm]

Q11- 2:24:05

[@apurvasehgal]

Thankyou Sir for for making this Ind AS easy to understand. Never understood it with so much clarity.🙏

[@poojamaharshi6836]

00:20 loan taken in forex concept eg 2 & 3 SM Thank you ❤❤❤🙌🙌🙌🙌🙌🙌

[@anjalinamdev2527]

1:14:53 specific general borrowing rule

[@krypton6815]

Foreign Currency borrowing-Capitalisation Summary 43:50 Specific Borrowing Summary - 01:03:00

[@mithileshpandey7238]

Thank you sir lagata hai is baar exemption dilawa kar hi manenge.

[@paakhiiee]

Thank you Sir, Even on a day before exam, I am not tensed at all... all thanks to you 🍩

[@nikitagawde]

Thank you sir.... revision video hone ke bavjud samajh me aya sabh...balki mene ye Ind as kabhi Kiya bhi nahi tha... 🙏

[@ಪದ್ಮಹಸ್ತಂ]

Even a kid of non commerce stream will get it in first chance the way PJ sir is teaching. I am using this lecture for Ind AS course by ICAI. Thank you sir for super clarity bestowed.

[@meghnam7669]

Thank you sir for revision videos.....without skipping any concept you've taught amazingly 😊😁

[@himanitiwari3588]

What an explanation!🙌 Thank you Sir🙏

[@vaibhavoza8400]

Sahi kahe ho aap

[@ankitachauhan790]

Best revision..Thankyou so much Sir🙏🙏🙏

[@palkiandmuskan2507]

Sir Alternative 3 jo aapne discuss kiya hai usmein hum loan payment pehle karke ussi entry mein 600$ ke respect mein exchange loss record karke. fir subsequently 1 st year end pe 400$ ko remeasure kar lein jispe exchange loss alag se record kar liya aur fir saare exchange loss ka treatment kar sakte hain Means I passed the following entries 1. When loan was received Bank a/c Dr 40000 To Bank Loan account 40000 (Being loan taken from USA of 1000$ at 4% Rate of Interest, the rate of exchange being 1$=Rs 40) 2. When Interest expense is payable Interest expense on Bank Loan account Dr 2000 to Interest expense payable account 2000 ( Being interest accrued but not paid 1000$ * 4% * 50) 3. When Interest expense is paid Interest expense payable a/c Dr 2000 to Bank account 2000 (Being the interest expense paid) 4. When Interest expense is capitalized to the cost of Qualifying Asset. Here Assumed that Interest expense is incurred in connection of Qualifying Asset Qualifying Asset account Dr 2000 to Interest Expense account 2000 If it was not a qualifying asset then journal entry would have been:- Profit and Loss account Debited 2000 to Interest expense account 2000 5. When Loan installment of 600$ is paid off at the end of 1st year as the exchange rate increased from 1$=Rs 40 to 1$=Rs 50 Bank Loan a/c Dr(600$*40) 24000 Exchange Loss a/c Dr(600$*10) 6000 to Bank account (600$*50) 30000 6. When the remaining 400$ is subsequently measured on balance sheet date as it is foreign currency monetary item. Exchange Loss a/c Dr (400$*10)4000 to Bank Loan account (400$*10) 4000 Finally we will see How much interest we would have to pay if the loan was taken in India. In India, we would have received the loan of 40000 Rs ie 1000$*40. So interest expense in India would have been 40000*12% ie 4800. If the loan was taken in India we would have capitalized 4800 to the cost of QA but since loan was taken from outside India we paid only 2000 as interest expense. We can capitalize the exchange loss to the cost of QA to the extent of 2800. 7. Entry for treatment of Exchange Loss Qualifying Asset a/c Dr 2800 Profit and Loss a/c Dr 7200 to Exchange Loss account 10000

[@palkiandmuskan2507]

And in 2nd year, Entry for interest expense payable will be Interest expense a/c Dr 704 (400$*4%*44) to Interest Expense payable 704 Entry for payment of Interest expense will be Interest expense payable a/c Dr 704 to Bank account 704 Entry for treatment of Interest Expense Qualifying asset a/c Dr 704 to Interest expense 704 Entry for treatment of subsequent measurement of loan Bank Loan account debited 2400 (400$*6) to Exchange gain account 2400 Now treatment of exchange gain will be that it will be reversed to the extent of 2800 from the cost of QA Exchange gain account Dr 2400 to Qualifying Asset account 1120 to Profit and Loss a/c 1280

[@shailyverma4248]

You are really very amazing and you make every concept and question easy to understand . Thanks a lot🙏

[@asvitashrivastav4486]

It is show good to see you again Sir, thank you so much for being with us

[@kanhathehealer]

God blesss you sir…Today just before exam it helped a lot…Thankyouuu so much🙏🏻🙏🏻

[@lei___]

43:50 exchange difference adj in Borrowing cost summary

[@strangersbeingfriends]

students love for you is increasing day by day for you sir, so happy to be your student

[@hungrybird1994]

Superb Sir. Thank you so much

[@Chaj1707]

No matter from whom and how many times stud. have taken FR Classes but revision krte m Pratik sir ki video har ek CA final student dekhta hi h 😅 This kind of reach at this age 🫡

[@rahulh1476]

Part of loan repaid eg 44:25

[@prabhapandey94]

Thankful for each n every revisions video

[@ishanarora5764]

You are an Awesome teacher. Keep going sir!

[@omsrg8463]

Thanks a lot sir for the amazing lecture ❤🙏🙏🙏

[@naveenkumargautam4834]

Imp. Question solved 2:10:55 Real Estate Co. A Construction Co. B Finance Co. C

[@ammarhabeeb6903]

theres so much to tell, so much to be thankful for, dont have words to express!! just know that you will surely be rewarded, obviously much more than your efforts.. THANK YOU SIR.

[@Cmakunal2023]

love you sir❤❤

[@vinayagarwal2682]

1:00:00 specific borrowing ka charcha

[@Student35928]

You are god for ca students!

[@magicalcommerce7782]

Thank u so much sir for covering this ind AS

[@NehaPrajapati-gm4cs]

Best best bestttttttt ho aap 💫

[@ashaagarwal1582]

Thank you so much King❤

[@ShivangiKhamdelwal]

Thankyou so much sir. Extremely grateful to you! :)

[@pramodgargote6712]

What a clerity to understand each concept thanks sir

[@gohelanjali192]

Too much helpful sir... Thank you so much for providing revision videos. I liked it too much. Now I am gaining confidence in FR because of your revision lectures. Thank you so much sir....😇😇😇

[@pulkitdwivedi5880]

you are the best in FR...

[@Poo.j.a_]

Sir, In TYK 6. we have taken (CFS) Total amt spent on QA as 24 lacs. which is not correct I guess, because even if we consider 10 lacs as in addition to 14 lacs, ques itself clarifies that the 10 lac was spent out of own resources and not from borrowed amt that's why only 14 lacs should be considered... in case I am missing out on something, please let me know

[@THE.PIYUSH.SHUKLA]

Superb 😍

[@anugrahaap1823]

If management has set the substantial period of time to be 14 months and the asset is ready for use on the 12 th month .., is it still a qualifying asset ?

[@May-pn2tp]

Sir plz SFM ka portfolio karwa dijiye plz plz May god bless you with good health and every dream turn into reality. You have done so mch for students no other faculty has done. Indebted to you 🙏🙏🙏

[@akulchadha2069]

Derivatives done,?

[@himanshijain9597]

+1

[@kiranmukati7799]

Thanku sir must needed lecture🙏🙏

[@vikramsinghthakur657]

Thanks sir , it's really helpful

[@vrujpopat]

Jahapanah! Tussi great ho!!!😃

[@mithunchandrabhan3078]

Tysm sir 🎉❤ You are doing great 🎉❤

[@nitikabansal287]

Can't thank you enough sir.... thanku 🙏🙏

[@karanshah3761]

You are the best Sir!!!😇

[@tarunaggarwal9429]

Thank u so much these lectures are very useful...able to revise whole Ind as in short span of time... Thank u❤️❤️

[@nagajyothirikkula251]

Sir, please tell me the difference in questions in TYK Q3 and pp nov 19 question of ind as 23 in your question bank. They both are solved in different way.

[@abijithsajeev]

43:44 Summary Of Exchange difference adjustment

[@1pratik_patel]

Insightful 😇

[@sarvadnyapatil1625]

1:05:00 general borrowing e.g.

[@noddy....7403]

God of accounts and SFM..🥰🥰🥰👑👑👑👑👑👑👑👑👑

[@ManiRatnam-z4s]

2:18:29 CFS part solving in tyk 6.

[@ikhansaba]

Thank You Sir for the video!!

[@prembudhathokipremu6291]

You are great sir

[@cookingandotherhometips5981]

Helpful for conceptual and complete clarity

[@pallaviberi7349]

Thank you so much sir.. get well soon 😄

[@ankitachauhan532]

Best Revision 😊

[@tejaswiniy4981]

2:19:38 group borrowing

[@dvddrdfsds]

Exchange gain concept summary : 43:52

[@shaktigiri9985]

Just another Legend Video...

[@thetadecay9169]

Very helpful, thanks

[@tusharmaratkar1389]

Most Conscise Revision of Ind AS 23 :)

[@amritakulkarni6849]

dhnyawaad guru

[@karimullashaik7092]

very good explantion and thanks for your support sir

[@devangisavaliya2001]

Thank you sir it’s means a lot ❤

[@abhishekrajput8896]

@1.44.00 par jo sir ne rough balance sheet and porl banaya hai usme porl mein 1280 nahi aana chahiye tha. Sir ne 1680 liya hai

[@hemantkapoor9714]

2:11:10 important question parent subdy

[@nainagoel874]

exchange difference summary 43:53

[@dhritijain1224]

Sir yeh chapter inter me bhi tha.. Muje ratta marna padta tha.. Aaj tak itna clearly kisine nahi samjhaya..