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

[@jayaprakashreddy1349]

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

[@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

[@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

[@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

[@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

[@peekayplayzzz]

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

[@PuneetKumar-gh9go]

Guys i am chartered accountant only because of Agarwal brothers

[@Krishna.4321]

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

[@dhru_vikacaroli9014]

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

[@anushritiwari5942]

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

[@lakshmiholkunde4088]

CA final FR , the subject felt so complicated and lengthy to me but With just your notes and UA-cam 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 ?

[@bhagyashribapte517]

till 40 minut Ind As8 chnges in accunting policies, estkmates nd erros.
40:00 to 59:31 Ind As 10 evwnts after b/s dt completed
59:31 to onwards Ind As 37 Provisions

[@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

[@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

[@RajeshGupta-rt8cx]

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

[@dhrupadupadhyay]

Thank you sir! God bless you

[@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?

[@Motivational24hours]

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

[@nehagupta483]

1:58:57 related party

[@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

[@silentkiller8036]

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

[@musickwithranju954]

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

[@pranavsharma3915]

Learn Hindi, as simple as that.

[@muskanbadujiwala3175]

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

[@meghshm_dandgavhal]

1:58:55 ind as 24

[@CAneeravsethi]

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

[@sejaljain231]

Thankyou sir

[@muskankedia6460]

40:47 indas 8 ends ,indas 10 starts

[@ojaswinisingh8183]

59:28 Ind AS 37

[@neerajahirwar8600]

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

[@kunalneog6715]

2:27:05 Conceptual Framework

[@abhinavagarwal1956]

Thank you Sir

[@ayeshashaik8707]

1:58:53 Related party disclosure

[@samyakkjain1802]

Thank you Sir bas ye hi uthane the aaj😃

[@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

[@hvk99]

Thank you Sir 💯❤️

[@nehavador1294]

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

[@user-je2tc5pz1l]

Thankyou sir for this

[@nehagupta483]

2:25:57 conceptual framework

[@raunaqsharma6476]

Thank you so much

[@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 ❤

[@gauravsureka7559]

Ind As 8 - 0:00 - 41:30

[@amaresh6620]

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

[@Dhruv_Malhotra11]

Thankyou Sir, you are the best.

[@auditwithraji]

Thanks Sir

[@CAneeravsethi]

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

[@deepashreechourasia7301]

Thank You Sir💫

[@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

[@ravindersinghbagga3793]

1:33:43 1

[@user-hr2do4xm3r]

Thanks for revision lectures 💯
❣

[@ravikhosla__]

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

[@dhirenkanakia8896]

Jai Shri Krishna Sir. Thank you so much

[@shubhamp2209]

Sir please share Conceptual framework notes

[@user-tk7wh3ro9n]

Upto 40:33 ind as 8

[@theuserisme]

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

[@okaydtea]

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

[@NehaPrajapati-gm4cs]

Thank you so much sir ❤🥰

[@littlebitofeverythinggg]

2:10:27 burn

[@muskang1023]

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 😢😢

[@uchitseva9243]

You guys are legend 🔥🔥🔥🔥

[@Pranav_m03]

Anant ambani ko kya hi thode sir 😂😂😂😂

[@ektajain3983]

2:27:05

[@akshatgandhi1198]

Conceptual framework ke notes kaha available hai ..

[@devanshguru3807]

Website

[@CA_arshdeepsingh2575]

GREAT

[@shamilisangepu7564]

pls post Ind as 101 and analysis of financial statement

[@tararaichand2832]

FR marathon vedio hat gayi hai na channel se?

[@Mr._happiness]

Bro, ab live section me visible hoti hai.

[@_Jokerplays]

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

[@sanjaysarath13]

Sir English 😢😢

[@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.

[@sksjsjsjsjhs]

I was your 100th like 😂

[@neerajahirwar8600]

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

[@nishthaarora6018]

Where can I find study material answers with explanation video

[@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.

[@Sumitsitaula]

1:24:46 😂😂😂

[@ps-gh3hu]

Wow 🎉

[@Arpit_jain2410]

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

[@zograjsing]

❤❤❤❤

[@Krishna.4321]

40:00

[@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..

[@abhishekgupta1613]

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

[@sumeshyadav27]

🙏

[@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

[@mohitsingh-co1tm]

Notes kaha mile ga iske

[@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.

[@kitu979]

GF milne ke baad bs galtiya hi hoti hai 🤣

[@Devanshi2450]

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

[@Devanshi2450]

@@samkitdoshi7034 thank you🧡

[@samkitdoshi7034]

@@Devanshi2450 yayyyy yayy

[@Devanshi2450]

@@samkitdoshi7034 ☺️

[@jiteshkumawat4680]

second viewer with c category

[@skf7500]

Chicken biryani 😋

[@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]

👍

[@vrundashah8211]

2:27:04 Conceptual Framework

[@rajatsoni3936]

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