Accounting

What are the criteria to define a reportable segment as per IND AS 108?
Difference between capital expenditure and revenue expenditure along with examples and with case study
In case of export of goods how would u recognise revenue
What have you seen in our annual report?
How to estimate NRV? What is the NRV if your competitor is selling same product at lower price?
How do you value Raw material as per relevant IND AS?
What are the DTA creation criteria’s as per Ind AS and how they are different from AS?
Why are Debtor days and Inventory days calculated?
How do you ensure completeness and accuracy of financial statements?
What all constitutes Financial Statement?
Why is goodwill impaired?
What is the difference between accounts receivable and deferred revenue?
How long usually it take to collect accounts receivable?
Differentiate LIFO and FIFO.
Which method would company use to buy other company – cash, stock or debt. Assuming all else is equal.
Treatment of Excise Duty paid in Deferred Tax?
Treatment of land in Deferred Tax?
CUP method?
Explain Financial Instruments?
What is CIF and FOB?
How Deferred Tax Liability Works
Explain deferred taxes?
When should a company charge goodwill to the profit and loss (P&L) statement? If a company’s revenue-generating potential remains strong and there is no indication of deterioration, would goodwill continue to appear on the balance sheet indefinitely?
Suppose we build a tower and spent 5 lakhs to construct and its useful life is 10 years, after two years the government ordered to demolish the tower , so we have extracted the tower and placed it at the nearby location , and the expenditure for this relocation would come to 1 lakh. How to record all of these?
Suppose there is an inventory costing 100, cash discount is 2, will it be added to cost?
Why is IBC brought in?
Basics of financial instruments?
Component depreciation?
Suppose we are having a factory and that factory has no proper road connection to that factory, so we approached to the government requesting them to build the road, the answer was negative and they said we can build a road by our own on their land but there is only one condition that the road will be accessible by public so it will be the public road. How to account for this?
De-recognition of PPE?
What is minority interest?
What is divestiture?
What is the difference between accounts payable and accounts receivable?
What are accruals?
What are prepaid expenses?
Difference between depreciation, amortisation and impairment?
What is cash flow hedge?
What all items are added in inventory cost?
What is operating segments criteria?
Discuss IND AS 36 and 38.
What is actuary goodwill, when it arise and what to do in that situation?
What is Stock Split?
What is right issue?
What is Bonus Issue?
Accumulated Depreciation:
Definition, Difference and Journal entry of: i. Provision & Contingent Liability
Prepaid entry.
Employee benefits summary
Consolidation eliminations
Ind AS 109 Financial Instruments:
Ind AS 105 Non-current Assets Held for Sale and Discontinued Operations:
Ind AS 103 Business Combination:
Ind AS 102 Share-based Payment:
Ind AS 101 First-time Adoption of Indian Accounting Standards:
Ind AS 41 Agriculture:
Ind AS 38 Intangible Assets:
Ind AS 40 Investment Property:
Ind AS 36 Impairment of Assets:
Ind AS 34 Interim Financial Reporting:
Ind AS 33 Earnings per Share:
Ind AS 24 Related Party Disclosures:
Ind AS 23 Borrowing Cost:
Ind AS 8 Accounting Policies, Changes in Accounting
Ind AS 7 Statement of Cash Flows:
Ind AS 2 Inventories:
Ind AS 1 Presentation of Financial Statement:
What is the difference between accounts payable and accounts receivable?
What are accruals?
What are prepaid expenses?
What is principles of accounting?
What are the accounting concepts?
What accounting policies are used for segment reporting?
What is impairment of an asset? How is it treated in a accounting?
Conventions of accounting?
Explain cash equivalents?
How to consolidate a subsidiary while preparing consolidated financial statement?
How to make any reconciliation statements?
Deferred tax liability is current or non current in nature?
How control has been defined under Ind As 103. Explain by giving examples?
Can LLP be a subsidiary under Ind As?
What is the substantial period under Ins As for capitalizing borrowing cost w.r.t qualifying assets?
What are the conditions of recognizing revenue over point in time and satisfied over time?
What is the treatment of volume based discount as per Ind As 115?
Ind As 2 : How Inventory is valued as per Ind AS 2 ?
IND AS 16 : What is the concept of Component accounting as per Ind AS 16 ? Why Component Accounting is used ?
Ind AS 16 : What is the Deemed cost exemption as per Ind AS 16 ?
Ind As 102 ( share based payment ) : how you will record share based payment in books, what other implications of shared based payment would be possible?
If there is the factory and there is the fire in that factory and the machine was rendered un-useable and then we sold the machine for scrap, 100,000 was the original value and 50,000 was the written down value showing on the books and the scrap value is 10,000 and from insurance company we were able to recover 30,000, and we purchase another machine to replace the machine for 100,000. How to record the transaction?
Difference between research and development?
Keys to effective controllership
Controlling vs accounting
Controller vs CFO
What does a Financial Controller do?
What is a Controller in Finance? OR What is Finance Controller?
What is the substantial period under Ins As for capitalizing borrowing cost w.r.t qualifying assets?
IND AS 16 : What is the concept of Component accounting as per Ind AS 16 ? Why Component Accounting is used ?
Ind AS 16 : What is the Deemed cost exemption as per Ind AS 16?
Ind AS 40 : Definition of Investment property?
IND AS 19 (Employee Benefit) ?
Ind As 102 ( share based payment ) : how you will record share based payment in books, what other implications of shared based payment would be possible?