AS 28 in ENGLISH - Impairment of Assets - PART 2 QUESTIONS - CA Inter New Syllabus
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- เผยแพร่เมื่อ 18 ม.ค. 2024
- #AS28 #accountingstandard28 #ASmarathon #ASrevision #accounts #cainter #newsyllabus #cmainter
In this video, I solve all illustrations & Test your knowledge (TYK) questions from ICAI Material of Accounting standard 28 (AS 28) -Impairment of Assets with utmost clarity.
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From pen and paper , to one note and now to Ipad you have come a long way maam kudos to your hardwork !!
illustration starts at 18:19
Mam.. ABC analysis for May exams 😢😂
Mam kindly make a video for sums for AS 11,12,13,16 mam concept was understandable but not able to do practical sums😢😢
Thank you Ma'am, the topics are actually a bit technical but you with your perfect and precise explanations made it clear in no time.
Thanks Mam 🙌🏻❤, it is very helpful for student also studying As-28 firs time .
Woww ma'am I saw 1st your explanation video after that this video , its very helpful & giving confidence while solving questions, Thank you so much ❤
Mam can u make a video on mark weightages for all papers
Thank you so much ma'am ❤
Madam plz upload advanced accounting remaining new standards concepts..
Excellent explanation ❤
Just amazing clarity
Thank you so much ma'am
Thank you madam
Thank you for
Providing AS classes mama i should ask you
Would you provide amalgamation and buy back classes security in new scheme
Ma'am, for MCQ no. (1) & (4), answer must be option (a) in both cases right ? But they have written answer as option (b) & (c) respectively... So is there a printing mistake in module ?
Same doubt
Plz do more and more
Thanks mam
🙏🙏🙏🙏❤️❤️❤️. Thankyou akka
example 3 final answer not clearly understand mam,
could you please explain?
Ma'am should we practice other questions apart from ICAI material because there is no single question on reversal and even in CFS, there were no questions on the Indirect method?
Practice rtp mtp and pyp
We consider CGU when there is no separate cashflow for the asset .but in example 2 we have cash flows for each five route then why we are taking it as CGU 4:47
It says that the bus cannot operate even if any one of the route is cancelled... So the amount can only be determined in CGU
Example 4:@8:34
mam initially in the video u taught that if VIU is unavailable then we hv to consider that the asset is not having any recoverable amount then in the end questions u hv not considered this point . Mam plez can u resolve this query... But apart from this I a heartly THANKFUL TO YOU .......
Mam you said impairment loss can't be charged directly to revaluation reserve, and in question 11 you directly charged to revaluation reserve......which one is correct mam?
Bro it was done so, as it was assumed by the question that rev. Res. Account now has cr balance of 12l, so now whatever impairment loss v have(35.5l), will first adjusted with rev. Res. Or rev. Gain account (up-to it's balance)(12l) and remaining only will be charged to pl(23.5l)
Mam, AS earning per share notes share pannunga. Please
21:00
Ma'am can you please mention how in Example 4 , relating to Goodwill , Section B we got the Recoverable amount as 3400.
Same question?
Same doubt
Given in senario B...
Thank u broo@@adarshrao813
That is question bro
Maam will you put all the as ??
Mam I have one doubt regarding TYK qstn 9 ..... If recoverable amount of individual asset cannot be determined then in that case impairment shall be done in CGU basis....if recoverable amount of that asset is given why we go for CGU basis....in the question I mentioned above, has specifically given recoverable amount... then why would we consider the concept of CGU ..... although I accept the fact that in the question it's given that the machine is incapable of generating cash flow ....... But I cannot co relate the concept .....if anyone has understood what I meant plz reply
Mam......plz send notes for AS 28
Can we watch your old videos for other AS
Yes
maam in the last practical question 11 why is the carrying amount 24.5 lacs
Value in use is 35lakhs decreased by 30% which comes to 24.5lakhs and net selling price is 24lakhs. Here, Whichever is higher will be the recoverable amount, thus is 24.5lakhs.
The carrying amt as per books is 60lakhs which is higher than recoverable amt. thus revised carrying amt is 24.5lakhs. For more clarity, watch concepts video
@@BhavanasOnlineAcademy sure ma'am will do
@@BhavanasOnlineAcademy also thanks for the clarification
In practice Q7, the impairment loss and carrying amount are both 6L, so in the answer why have they recognised a liability of 70k stating the impairment loss is greater than the carrying amount?
That point is governed by AS 10 and 29.
I think 70k is actually a cost of destroying the asset (cost of disposal ) which has to be reduced from the net selling price. since net selling price is not available ie, (0 - 70000) it will be nil ( -ve shall not be taken as recoverable amount)
Pls correct me if I am wrong
@@bullymaguire008 Could u pls explain in detail
Mam As 28 notes pdf plzzz
In example 3 the carrying amount is rs. 1cr and the cost or restoration is rs. 50 lakh
Why in solution to the carrying amount is rs. 50 lakh ( 1cr -50 lakh)
But as per the definition of carrying amount only accumulated depreciation and accumulated impairment loss is being deducted
In order to perform a meaningful comparison between the carrying amount of cash generating unit and it's recoverable amount, the carrying amount of the liability is deducted in determining both cash generating unit 's value in use and it's carrying amount
Thank you so much ma'am
thank you soo much mam