Thank You So Much Sir!...Everytime I watch sir's video I wonder why did I waste my Money taking Coaching from some other faculty for FR...Now I recommend Sir's name to any1 who asks me 👍
Only yesterday I was doing this quest & did in wrong way after watching someone else's video on this ques. Fortunately you come with this. Thanks a lot. Sir.. ❤️ & Thanks to notification pop up. 😁
Thanks sir for much needed video on the question and more than that bringing out positivity. Few teachers due to lack of clarity on their own end had criticised ICAI (new normal these days to abuse our parent body for temporary publicity) that the question is wrongly solved. Being a student, I appreciate yours efforts as always. You are not only a good professional but a good person also. The way other faculties are spreading negativity these days may cost students more on ethical and emotional levels drastically esp in upcoming life. Thanks.
The difference you have made in the way I use to perceive FR is immense. Sir you're so humble and the way you teach is on another level altogether. A true inspiration for all students!!:)
Thank you so much for this sir. Could you please make a new updated video on all Ind AS in one hour. That's immensely helpful. Please consider this request sir. Very much needed.
Hi sir, I think the institute's answer is correct not because of applicability of the specific provision under Ind As 109 but because FC BOND is a MONETARY ITEM and not Non Monetary. Therefore - ex diff goes to P&L quite clearly. The applicability of Ind As 109 specific provision regarding deeming fiction of taking a financial asset in FC as Monetary Item will come into play when we would have bought , say, Equity Shares on the NASDAQ in dollars. Correct me if I'm wrong..
Thank you sir for clearing the doubt.. even i was of the notion that the institute answer is wrong.. but after watching this video the concept is clear..
Sir......first of all i want to thank you for your support for (a) fr paper (b) sfm paper........ i watched entire lectures lease which you uploaded and many more...... I want to "REQUEST YOU" for one more favour....... sir please upload detailed foreign exchange ind as21 on youtube.......it is very difficult for me to solve question of that ind as please help me..... Thank you. sir please consider my request
In class we have written Fv gain = ( cl.FV - op.FV ) * *original rate* Forex gain = ( cl.rate - op.rate ) * cl.FV But in below RTP N20 Q they have taken FV gain as (cl.FV - op.FV)* *cl.rate* forex gain =( cl.rate - op.rate ) * *original rate*
Because in this question we are comparing fair value at the end of the year with the amortized cost at the end of the year..hence closing rate is used in calculation of fair value gain...unlike in other questions where we have been comparing closing fair value with original cost.
Now talking about the forex gain: In this qn, forex gain is calculated separately for initial investment and interest component. For initial investment: (cl rate - op rate)* op fv(as you have mentioned) For intrest component: (cl rate- avg rate) * interest accruing throughout the year. Hence,the closing fv(as per your notes) is broken down into opening fv and interest component.
Hi Sir, could you please make video on illustration 8 of IND AS 21(particularly treatment of inventory on closing date) or clarify if treatment done in study mat is correct??
Sir u told it very well.. but 1 doubt that what if investment is carried as FVTPL under ind as 109 in foreign exchange whether ind as 21 would be applicable ie. Exchange diff in OCI or in P or L?? Also invt in bond is already a monetary item.. to exchange diff to already p or l m hi jana tha..
Dear Bhavik, What is the technical tool / equipment that you are using while writing some thing on the document or underlying the document and presenting it to us on the screen?
Hi, i have a really basic doubt. Isn't a bond a monetary item (determinable in fixed units of currency)? Can anyone help understand how is it non monetary? Some reference can also help. Thanks.
In cricket there is a Virat Kohli and In FR there is Bhavik Chokshi!
Master in his craft 🙌
Thank You So Much Sir!...Everytime I watch sir's video I wonder why did I waste my Money taking Coaching from some other faculty for FR...Now I recommend Sir's name to any1 who asks me 👍
Theory 00.00.01
Sum: 00.20.41
Are sir time stamp aise nahi lagta aap bhi na
19:30
Only yesterday I was doing this quest & did in wrong way after watching someone else's video on this ques. Fortunately you come with this. Thanks a lot. Sir.. ❤️
& Thanks to notification pop up. 😁
Sarthak Jain has solved it wrong and he's creating confusion.
@@parthkhona2391 yess 😭
@shubhanshu, esp the part where he emphasized ICAI to correct his understanding. Too cliche 😂
19:34 Conclusion of topic
20:45 Question discussion (An Indian entity, whose functional currency..)
How can someone be so perfectly amazing !!!!
🙌🏻🙏🏻 was watching a revision video of yours and received this notification 😀😀
Thanks sir for much needed video on the question and more than that bringing out positivity. Few teachers due to lack of clarity on their own end had criticised ICAI (new normal these days to abuse our parent body for temporary publicity) that the question is wrongly solved. Being a student, I appreciate yours efforts as always. You are not only a good professional but a good person also. The way other faculties are spreading negativity these days may cost students more on ethical and emotional levels drastically esp in upcoming life. Thanks.
I was going to memorize this sum kyuki samaj nai aa raha tha.... Last time pe ye video ne bachha liya! Thank you sir
The difference you have made in the way I use to perceive FR is immense. Sir you're so humble and the way you teach is on another level altogether. A true inspiration for all students!!:)
Very conceptually cleared sir
Thankyou alot
You've helped relle alot for Nov 20 exams
Hoping exam goes well now
Thank you so much for this sir. Could you please make a new updated video on all Ind AS in one hour. That's immensely helpful. Please consider this request sir. Very much needed.
Hi sir,
I think the institute's answer is correct not because of applicability of the specific provision under Ind As 109 but because FC BOND is a MONETARY ITEM and not Non Monetary. Therefore - ex diff goes to P&L quite clearly.
The applicability of Ind As 109 specific provision regarding deeming fiction of taking a financial asset in FC as Monetary Item will come into play when we would have bought , say, Equity Shares on the NASDAQ in dollars.
Correct me if I'm wrong..
Yes I too have the same view and I confirmed that bond is an monetary item
@@krishnakanthlakhotiya8398 cool. Ab toh we are so close to the exam - do what institute has done ! XD
Yes, bond is monetary item
it is a non monetary item, if we see from perspective of question we will not hold till maturity we are following BM-2, so no fixed price.
Thank you sir :) Also thank you for the bezzati at 3:15 on Ind AS 21
Thank you sir for clearing the doubt.. even i was of the notion that the institute answer is wrong.. but after watching this video the concept is clear..
Thanks a lot sir! This was very helpful
Explanation of Bare act - 00:00
Summary - 19:36
Sir......first of all i want to thank you for your support for (a) fr paper (b) sfm paper........
i watched entire lectures lease which you uploaded and many more......
I want to "REQUEST YOU" for one more favour.......
sir please upload detailed foreign exchange ind as21 on youtube.......it is very difficult for me to solve question of that ind as please help me.....
Thank you.
sir please consider my request
Sir can u please make a video on qn on Ind AS 115 in MTP Oct 2020
In class we have written
Fv gain = ( cl.FV - op.FV ) * *original rate*
Forex gain = ( cl.rate - op.rate ) * cl.FV
But in below RTP N20 Q they have taken
FV gain as (cl.FV - op.FV)* *cl.rate*
forex gain =( cl.rate - op.rate ) * *original rate*
Because in this question we are comparing fair value at the end of the year with the amortized cost at the end of the year..hence closing rate is used in calculation of fair value gain...unlike in other questions where we have been comparing closing fair value with original cost.
Now talking about the forex gain:
In this qn, forex gain is calculated separately for initial investment and interest component.
For initial investment: (cl rate - op rate)* op fv(as you have mentioned)
For intrest component: (cl rate- avg rate) * interest accruing throughout the year.
Hence,the closing fv(as per your notes) is broken down into opening fv and interest component.
Ur the real Saviour of the students sir. Thanks a ton.
Much needed..... thank you so much 🙏🙏
Thanks a lot sir... Great 😊 content... Imp question
Thank you so much sir... sir plzz discuss question 5 of fr mtp may 2020
Hi Sir, could you please make video on illustration 8 of IND AS 21(particularly treatment of inventory on closing date) or clarify if treatment done in study mat is correct??
sir it is mentioned in module in carveouts
Thnx sir for such clarification now it's clear hashh thnx again 😊😊😊
Sir u told it very well.. but 1 doubt that what if investment is carried as FVTPL under ind as 109 in foreign exchange whether ind as 21 would be applicable ie. Exchange diff in OCI or in P or L??
Also invt in bond is already a monetary item.. to exchange diff to already p or l m hi jana tha..
Thanks for clearing all doubt sir
Sir how do you say bond is a non monetary item?
Yet another master class! 👏👌
sir can you please make updated module lecture for FR same as before for may 2021
Much needed.. Tysm Sir
Thank you sir
Dear Bhavik, What is the technical tool / equipment that you are using while writing some thing on the document or underlying the document and presenting it to us on the screen?
Thank you so much sir!
Thank you so much sir🙏😍
Hey! has anyone purchased sir's Fast track lecture?
A very humble faculty!
Ty Sir🎉🎉
Thank you so much Sir
Thank You Sir.
Sir, please provide ba video nov 2019 rtp q.no 3 share based payment one
Hi, i have a really basic doubt. Isn't a bond a monetary item (determinable in fixed units of currency)? Can anyone help understand how is it non monetary? Some reference can also help. Thanks.
Generally all debt instruments are monetary items, so it is. And sir & ICAI accordingly solve it.
Sir in the video said that it's a non monetary item
@@krishbafna1936 watch again then!
Why would someone dislike the video?
Probably Sarthak Jain Sir and his Students 😂
Great explanation 👍🏻💯
Legend ❤️❤️❤️❤️
Thank you so much!!
Hiii ,
Can u help me in one question on financial instruments?
@@AMITKUMAR-jy1do yes! You can ask here
This is amazing
Tq sir
Thanks sir
9:15
19:37
00:19:00
Thanks a lot Sir!
Thank you so much Sir
Thankyou Sir