IND AS 8, 10, 37, 1, 24, Conceptual Framework Revision | CA Final FR | By CA Ajay Agarwal AIR 1

[@Imn1608]

00:03 Focus on important topics for exam preparation 01:51 Accounting policies determine how transactions are recorded 05:27 The conditions for financial assets in IND AS 07:12 Refer to the five sources for accounting transactions 10:46 Consistent application of accounting policy is crucial 12:29 Voluntary change of accounting policy under Ind AS 15:58 Accounting policy change from revaluation to cost model for investment property. 17:31 Changing accounting policy and its impact 20:34 Adjusting current year's financials for previous year's impact 22:04 Adjustment of opening balance due to change in accounting policy 25:04 Financial reporting adjustments and treatment in the current year 26:36 Retrospective application of accounting policies can have practical limitations. 29:43 Accounting estimates and estimation of useful life and residual value 31:15 Accounting estimates should be changed prospectively based on new information and experience 34:26 Change in Accounting Estimate 36:08 Understanding and correcting errors in financial statements 39:11 Disclosing prior period errors in financial statements 41:10 Understanding the reporting period and balance sheet date. 44:06 Provision for bad debt and debtor's insolvency impact on financial statements 45:32 Provisioning for accurate information is essential 48:45 Recording discounts and adjusting costs before balance sheet date 50:16 Explanation of excise duty and its impact on financial statements. 53:16 Understanding adjusting and non-adjusting events in financial statements 54:48 Selling price changes affect NRV and inventory valuation 58:00 Not making adjustment for special cases 59:35 Understanding the concept of liability and contingent assets 1:02:29 Constructive Obligation refers to past actions creating expectations for future actions. 1:03:59 Provision is a liability with uncertain amount or timing 1:07:01 Provision for liabilities requires reliable estimation 1:08:37 Understanding expected value and probability in financial reporting 1:11:38 Provisions for dismantling costs and risk adjustments 1:13:05 Understanding provisions and their impact on financial statements 1:16:01 Provisions for Future Losses and Contract Honors 1:17:39 Make direct provision for expenses and losses today. 1:20:28 Restructuring and obligation to close an operation 1:21:53 Understanding provisions for restructuring and termination costs in business operations. 1:24:56 Starting a Beauty Cream Business 1:26:27 Understanding provisions and contingent liabilities 1:29:30 Understanding contingent liabilities and assets 1:31:07 Recording contingent assets based on probability levels 1:34:36 Preparation of financial statements and format 1:36:11 Applying retrospective changes to balance sheet items 1:39:16 Financial statement presentation currencies and compliance with Indian standards 1:40:51 Importance of going concern in financial statements 1:43:54 Understanding current and non-current assets and liabilities based on operating cycle. 1:45:27 Liabilities expected to be settled within normal operating cycle or 12 months from balance sheet date 1:48:37 Company's normal operating cycle involves cash flow from cash back to cash 1:50:18 Classification of non-current financial assets and liabilities 1:53:20 Old and new loans should be shown separately in the balance sheet. 1:54:49 Current liabilities may become non-current if payable after 12 months from the balance sheet date 1:57:59 Debt equity ratio is 2:1 till 15th March 1:59:52 Disclosure of related party transactions in Indian accounting standards. 2:03:06 Understanding the concept of related parties in IND AS 2:05:24 Ind AS 8, 10, 37, 1, 24, Conceptual Framework Revision 2:09:01 Related party of an entity 2:10:39 Related party definition includes subsidiaries and associates 2:14:18 Related party definition and scenarios 2:16:12 Understanding control, joint control, and significant influence in related party transactions 2:19:38 Key disclosures in IND AS 8, 10, 37, 1, 24 2:21:05 Disclosure of parent-subsidiary relationships 2:24:33 Disclosure of transactions with government-controlled entities 2:26:09 Conceptual Framework for Financial Reporting 2:29:29 Understanding the conceptual framework for financial reporting 2:31:05 General purpose vs specific purpose of financial statements 2:34:11 The purpose of financial statements is to provide decision-making and useful information to users. 2:35:52 Importance of providing relevant information in financial statements 2:39:03 Costs of decision making in financial reporting 2:40:41 Cost and benefit justification in financial reporting 2:43:53 Understanding the concept of equity and income in financial reporting 2:45:25 Recognition of asset and control 2:48:34 Importance of fair value model and historical cost in Indian accounting standards. 2:50:10 Criteria for classifying subsidiary as held for sale 2:53:28 Understanding capital maintenance for business 2:55:04 Approaches to financial capital maintenance

[@adarshchandranm6365]

thanks

[@RAHULM0902]

time stamp 1:23 Ind AS 8 - Accounting Policies, Accounting Estimates & Prior Period Errors 40:31 Ind AS 10 - Events after the Reporting Period 59:32 Ind AS 37 - Provisions, Contingent Liabilities & Contingent Assets 1:33:36 Ind AS 1 - Presentation of Financial Statements 1:58:50 Ind AS 24 - Related Party Disclosures 2:25:55 Conceptual Framework for FR under Ind AS

[@OmairVanced]

Thanks for efforts..

[@shashwattripathi7681]

Bhai maine classes jo purchase ki thi woh expire ho gyi but Ind AS 101, 113, 34, , 37, 105, 2, 38, 10, 8, 24 remaining hai, kya mujhe dobara class leni chiye yaa sir ke revision lecture enough hoge yeh AS ke liye?? Attempt Nov 24 me hai

[@ukupianomusic8966]

Easily ho jaaenge ye vaale jo mention kare hain with the revision lectures ​@@shashwattripathi7681

[@202punataranuj8]

​@@shashwattripathi7681you should manage

[@jyotik-jx5uj]

Thanks Bro

[@funaccepted]

You guys have really revolutionised CA coaching industry.... Pehle yeh sab cheejo ke liye bhi paise lagte the.. Thank a lot

[@nikhildube8430]

Phele dusre faculty 15000-20000 pe charge karte the abhi 2000-3000 me sale kar rahe hai

[@satishsikhwall]

​@@nikhildube8430 fir bhi nahi bikti

[@devvratsinghshekhawat7593]

@@nikhildube8430 Kaun ?

[@KunalJJwala]

These guys are like Jio. Market me free me necessary cheezein deke dhamaka macha Diya. ❤❤

[@ravindersinghbagga3793]

Har attempt me 10-15 marks kae ye chapter aa rahe.. Thanks Sir for providing this ❤

[@StudyCAfinalwithme]

Sir ne to bola faltu IND AS hai

[@pratik6342]

​@@StudyCAfinalwithme Faltu ka matlab ye nahi hai ke ki karne nahi iska matlab hai probability kam hoti hai aneki but aa sakate hai

[@cuttiiee_sansa]

1) 00:50 Ind AS 8 Accounting policies, changes in accounting estimated and error 2) 41:10 Ind AS 10 Events after reporting period 3) 59:40 Ind as 37 Provisions, CL, CA 4) 1:35:00 Ind as 1 framework of P&P of FS 5) 1:59:00 Ind As 24 Related Party 5) 2:26:00 Conceptual Framework

[@hiteshramani9407]

👍

[@Krishna.4321]

Your revision video is more than 10 time better than other faculty regular video.Thank you sir

[@PuneetKumar-gh9go]

Guys i am chartered accountant only because of Agarwal brothers

[@manishkukreja5505]

Perfectly Explained...apki revision video dekhne ke baad sab sums aisei solve ho jaate h...really helpful...Radhe Radhe Ajay sir😇🙏

[@anushritiwari5942]

1:23 Ind AS 8 40:31 Ind AS 10

[@ConnectwithCAFinalist]

1:34:00 IND AS 1 1:58:52 IND AS 24 2:25:52 Conceptual Framework For FR under Ind AS

[@dhru_vikacaroli9014]

Thanks for your revisionary videos for financial reporting . I have studied FR after 9years ,it’s seems that fr is very easy😊❤

[@bhagyashribapte517]

00:00 to 40:00 Ind As8 changes in accounting policies, estimates and errors. 40:00 to 59:31 Ind As 10 events after b/s dt completed 59:31 Ind As 37 Provisions 01:34:10 Ind AS 1 Presentation of financial statement

[@CAChirag24]

Thank you 😊

[@shashwattripathi7681]

maine classes jo purchase ki thi woh expire ho gyi but Ind AS 101, 113, 34, , 37, 105, 2, 38, 10, 8, 24 remaining hai, kya mujhe dobara class leni chiye yaa sir ke revision lecture enough hoge yeh AS ke liye?? Attempt Nov 24 me hai

[@bhagyashribapte517]

@@shashwattripathi7681 imp ind as cover ho chuke he aapke. baki pending ind as ke liye revision video se kam chala skte ho

[@RajeshGupta-rt8cx]

Waahhh waahhhh...sir Maan Gaye aapko!!!! Very dedicated Faculty. Lots of love Sir ❤

[@shubhamp2209]

1)0:53 Ind AS 8 2)41:10 ind as 10 3)59:40 ind as 37 4)1:34:02 ind as 1 5)2:26:40 conceptual framework

[@dakshjirati1893]

1:59:12 Ind AS:24

[@seshasayana4226]

This comment should be pinned

[@peekayplayzzz]

No Anant Ambani was harmed in the revision of IND AS 24 🤣🤣🤣🤣

[@lakshmiholkunde4088]

CA final FR , the subject felt so complicated and lengthy to me but With just your notes and KZbin lectures I was able to learn and have better conceptual clarity and they were so helpful to me . CA final was manageable only because of your notes and videos

[@priyakashyap4387]

Where did you find the notes ?

[@shreekaranl110]

In their website.. In free resources.

[@shaliniroy5718]

sir i was literally scared for this subject despite taking classes from a very renowned faculty but your revision videos and notes are more than enough for anybody to cover FR even if they have started fresh.....thank you so much sir. forever grateful to you brothers for making this course easy for us.

[@mahadevchoudhary5903]

Sarthak Jain?

[@Ajjubhaijaan420]

Which faculty?

[@noelnadar]

The level of conceptual clarity in the series of revision videos still stays unmatched. Next level!

[@muskanbadujiwala3175]

Amazing concept clarity sir ✌️✌️✌️ thank you soo much sir for providing revision lectures 🥰🥰

[@jayvarsani4455]

7:57 satya vachan...👌👌👌

[@silentkiller8036]

0:11 jinhe hm faltu ya kachra chp bolege was epic😂😂

[@kunalkumarshaw9008]

40:39 Ind AS 10 Events after the Reporting Period

[@amitsisodiya6582]

great bhaiya solid teaching GOAT of this Generation in FR & AFM😇🕶

[@sugamkarki6732]

1:23 Ind AS 8 - Accounting Policies, Accounting Estimates & Prior Period Errors 40:31 Ind AS 10 - Events after the Reporting Period 59:32 Ind AS 37 - Provisions, Contingent Liabilities & Contingent Assets 1:33:36 Ind AS 1 - Presentation of Financial Statements 1:58:50 Ind AS 24 - Related Party Disclosures 2:25:55 Conceptual Framework for FR under Ind AS

[@nehagupta483]

1:58:57 related party

[@muskankedia6460]

40:47 indas 8 ends ,indas 10 starts

[@Motivational24hours]

Sir Please Ind As-101 ka bhi Revision Video upload kar dijiye

[@jaisahni7283]

I hope you will never stop your efforts towards the students with span of time... 🤗

[@shashwattripathi7681]

Bhai maine classes jo purchase ki thi woh expire ho gyi but Ind AS 101, 113, 34, , 37, 105, 2, 38, 10, 8, 24 remaining hai, kya mujhe dobara class leni chiye yaa sir ke revision lecture enough hoge yeh AS ke liye?? Attempt Nov 24 me hai

[@gauravtomer9405]

IND AS 8 1:23 IND AS 10 40:31 IND AS 37 59:25 IND AS 1 1:33:25 IND AS 24 1:58:52 Conceptual Framework 2:25:51

[@ojaswinisingh8183]

59:28 Ind AS 37

[@ayeshashaik8707]

1:58:53 Related party disclosure

[@lakshaygera001]

1:33:58 - Ind AS 1

[@SnowwMaan]

1:33:41 Presentation of FS

[@theuserisme]

pls suggest if I Can watch only these revision lectures and do self study??

[@heydtea]

If you’re good in the subject generally, you can!

[@shraddha964]

Thank you so much sir 🙏

[@CaAkash1]

बोलो वृंदावन बिहारी लाल की जय 🧡🧡 राधे राधे 🎉🎉🙏🙏💛💛

[@neerajahirwar8600]

Your videos helping me a lot Thank you so much....

[@dhrupadupadhyay]

Thank you sir! God bless you

[@truehacker.A]

radhe radhe 🥰🥰

[@AnilKumar-pv5ng]

Sir your revision classes and Notes are really very helpful, the way of covering the all the concepts within a time frame is very owsome 😊

[@devanshguru3807]

Radhe Radhe ❤

[@varshajain2552]

Could you please tell if there's Ind AS 2 and Ind AS 7 revision videos?

[@someswarroy8193]

1:36:42 third balance sheet

[@nishthaarora6018]

Where can I find study material answers with explanation video

[@vrrundaashah8211]

2:27:04 Conceptual Framework

[@nehagupta483]

2:25:57 conceptual framework

[@raunaqsharma6476]

Thank you so much

[@deepashreechourasia7301]

Thank You Sir💫

[@samyakkjain1802]

Thank you Sir bas ye hi uthane the aaj😃

[@nikhiltalwani5781]

1:34:02 ind as 1

[@abhishekgupta1613]

Is chapter me se questions theory ke aate hai ky ??? Koi bataygaa

[@rishudaruka]

sir conceptual framework ke notes kha pe h

[@gauravsureka7559]

Ind As 8 - 0:00 - 41:30

[@amaresh6620]

Thank you ❤ for your support sir 🙏☺️❤❤❤

[@shrvani]

These come for 5-10 marks, don't skip, watch the video twice and write in your own words.

[@ravindersinghbagga3793]

In nov22 12 marks kae aay thae integrated or conceptual framework mila kar

[@akshatgandhi1198]

Conceptual framework ke notes kaha available hai ..

[@devanshguru3807]

Website

[@tararaichand2832]

FR marathon vedio hat gayi hai na channel se?

[@Mr._happiness]

Bro, ab live section me visible hoti hai.

[@shashwatkejriwal8100]

Sir I have a small doubt, in case of breach of any covenant the IND AS says that "an entity classifies the liability as non-current if the lender agreed by the end of the reporting period to provide a period of grace ending at least twelve months after the reporting period, within which the entity can rectify the breach and during which the lender cannot demand immediate repayment",i.e. at the end of reporting period, your notes says "before approval of the balance sheet", is there any amendment ? because your nov 23 notes say "before balance sheet date" I'm little confused, please help.

[@aveekdas6343]

Waiver can be obtained anytime before approval of FS, does not have to be before BS date(before end of reporting period),as it is an adjusting event according to ind as 10 which sir also mentioned in the lecture. I think its been this way for quite sometime, unlike IFRS which does not allow it to be classified as non current liability.

[@engagemaxpayne]

@shashwat What you have mentioned is also correct because if lender agrees before balance sheet date that means per these facts it will be shown as non current. But interesting point is, IND AS 10 says that even if lender agreed after the Balance sheet date but before the FS approval date, even then the same effect will take place as if lender had agreed before the Balance sheet date, and borrower can still show it as non current. Since this is an adjusting event per IND AS 10, as Mr. DAS commented above.

[@CAneeravsethi]

2:39:08 Shashi tharoor wali english 😂😂😂😂

[@uchitseva9243]

You guys are legend 🔥🔥🔥🔥

[@user-je2tc5pz1l]

Thankyou sir for this

[@RohitKumar-m2i4c]

Thanks for revision lectures 💯 ❣

[@NehaPrajapati-gm4cs]

Thank you so much sir ❤🥰

[@Manthanhubpremiumwarrior]

Sir, One doubt, DP ka bachha relative kese hoga ? 😃😃😃. Your concept notes , Good coverage sir from exam point of view

[@abhinavagarwal1956]

Thank you Sir

[@nehavador1294]

THANK YOU SO MUCH SIR IT HELPS TO MUCH IN LAST MONTHS REVISIONS IN FR

[@ayushijain-x1q]

Upto 40:33 ind as 8

[@CAneeravsethi]

1:42:40 classification of current assets and liabilities as current/non-current 1:54:40 breach in material provision of loan

[@ravikhosla__]

May 23 b ... 10 se 15 ka aaya tha..

[@xJokerxplays]

ind as 37 59:27 ind as 1 01:36:33

[@littlebitofeverythinggg]

2:10:27 burn

[@mohitsingh-co1tm]

Notes kaha mile ga iske

[@Dhruv_Malhotra11]

Thankyou Sir, you are the best.

[@auditwithraji]

Thanks Sir

[@Arpit_jain2410]

Sir audit ke revision lecture kbtk aaenge ? Please bta dijiye !!!!

[@shubhamp2209]

Sir please share Conceptual framework notes

[@neerajahirwar8600]

Also please post for ind as 101 first time adoption of IND as.

[@dhirenkanakia8896]

Jai Shri Krishna Sir. Thank you so much

[@shamilisangepu7564]

pls post Ind as 101 and analysis of financial statement

[@shashwattripathi7681]

Sir maine classes jo purchase ki thi woh expire ho gyi but Ind AS 101, 113, 34, , 37, 105, 2, 38, 10, 8, 24 remaining hai, kya mujhe dobara class leni chiye yaa sir ke revision lecture enough hoge yeh AS ke liye?? Attempt Nov 24 me hai

[@shreshthasharma2189]

you can take extension

[@shashwattripathi7681]

No, I purchased form some other famous faculty and he is saying we don't provide any extention whatsoever ​@@shreshthasharma2189

[@musickwithranju954]

Why none of ur videos are in English? We South Indians would like to listen ur KZbin lectures. But all videos are in Hindi 😢

[@pranavsharma3915]

Learn Hindi, as simple as that.

[@Ca_Arshdeep_singh]

GREAT

[@Devanshi2450]

Hi,can anyone suggest me some teachers for CA inter Law and Taxation ...

[@Devanshi2450]

@@samkitdoshi7034 thank you🧡

[@samkitdoshi7034]

@@Devanshi2450 yayyyy yayy

[@Devanshi2450]

@@samkitdoshi7034 ☺️

[@Pranavm-_10]

Anant ambani ko kya hi thode sir 😂😂😂😂

[@user-gotused]

Sir ek video ind as 116,115,109 me original discount rate or market interest rate ke use k concept pr bhi banado please🙏🙏 Har jagah treatment yaad krne se confusion hota h 😢😢

[@ravindersinghbagga3793]

1:33:43 1

[@sandippandey2052]

1:25:08 😂😂😂😂😂🤣🤣

[@Nv15_03]

I was your 100th like 😂

[@ektajain3983]

2:27:05

[@robinatris09]

1:23 Ind AS 8 - Accounting Policies, Accounting Estimates & Prior Period Errors 40:31 Ind AS 10 - Events after the Reporting Period 59:32 Ind AS 37 - Provisions, Contingent Liabilities & Contingent Assets 1:33:36 Ind AS 1 - Presentation of Financial Statements 1:58:50 Ind AS 24 - Related Party Disclosures 2:25:55 Conceptual Framework for FR under Ind AS

[@ps-gh3hu]

Wow 🎉

[@sanjaysarath13]

Sir English 😢😢

[@princesingh-we3ff]

domestic partner wale raise hand 😅

[@sumeshyadav27]

🙏

[@manmeetpapneja]

You guys realllly need to change your mic or sound system… half of the things u say are not understandable because of that

[@KidsLohia]

kindly check your sound system\speakers\earphones, the lectures have crisp and clear audio

[@Sumitsitaula]

1:24:46 😂😂😂

[@Krishna.4321]

One request to you sir plz provide new syllabus chapter video because some students who take from pratik jagati sir and there class time expired so they have to pay additional amount. So to save there money in case of financial issue plz help those type of students..

[@Krishna.4321]

40:00

[@amitrajadhyax3804]

Hats off to your teaching skills...but a word of advice plz don't refer to any chapter or topic as Faltu ya Kachra...doesn't feel right....any knowledge should be respected 🙏

[@aakashmadhwani3144]

Chill Buddy that's just ajay sirs way of making the chapter feel very easy...bcz you might be aware that psychology & perception plays a very important role...just like they said a few years back that ca is easier than 10th/12th but at that time everyone judged him & u see today he's literally making his words prove that by teaching us in the best manner possible for clearing ca! 😄😉 Sometimes we have to focus on intent & not words.

[@Latha-dx1vr]

Sir, can you please speak English while teaching. It will help each and every student.

[@aniketchakravarti]

Sorry bro but majority students are interested to listen in Hindi only.

[@kitu979]

GF milne ke baad bs galtiya hi hoti hai 🤣