CA Final Notes

CA Final AFM Summaries with List of important questions chapterwise 💁‍♂️By CA Gaurav Jain https://drive.google.com/drive/folders/1a6TWezPLOlIa2LyVce_W6Kuvx-TxzTQw?usp=sharing ◈◉◎┄┅═❂❣️❂═┅┄◎​◉◈   ┍━━━━═░★░═━━━┑     ✪ ➻ t.me/canotes_final               ℑoin us 🔜     ✪ ➻ t.me/cafinal_p2   ┕━━━━═░◈░═━━━┙

Share today's Question paper here @canoteshelpbot

Share today's Question paper here @canoteshelpbot

Once upon a time, two friends, Aryan and Rohan, traveled from their hometown to Delhi to prepare for the CA Intermediate exams. They rented a small room, and over time, the walls of that humble space echoed with their laughter, discussions, and long study sessions that stretched into the early hours of the morning. They were each other's support system, cheering each other on during moments of doubt and celebrating small victories along the way. Months of intense study had brought them to the exam day, and they both walked into the examination hall with a mix of excitement and nervousness. They tackled every paper with determination, encouraging each other as they left the hall each day. Finally, when the last paper was over, they took a deep breath and hoped their hard work would pay off. As Diwali approached, the results were released, and they anxiously checked their scores together. Aryan, with a smile slowly spreading across his face, had cleared the exam. But Rohan, his hands trembling slightly as he looked at his results, had not. Aryan’s heart leapt with joy but quickly turned as he saw his friend’s downcast face. He knew Rohan had put in the same hours, the same effort, but sometimes, life has its own plans. That night, their room was silent. Diwali lights sparkled outside, and the city was alive with celebration, but inside, it was quiet and still. Aryan wanted to celebrate his achievement, but he also felt torn seeing his friend’s disappointment. Rohan, on the other hand, sat in deep thought, replaying his journey over the last few months. He knew he had worked hard but couldn’t help feeling like he had let himself down. After some time, Aryan gently broke the silence. “Rohan, I know how much this mattered to you. But remember, this isn’t the end. Every journey has its setbacks. You taught me that.” He placed a hand on Rohan’s shoulder, “Success isn’t only about passing an exam on the first try; it’s about how many times you get back up. Look at how much you’ve learned and how much stronger you are now. This is just one part of a bigger journey.” Rohan sighed, “You’re right, Aryan. I know I tried my best, and maybe this is just a lesson to prepare me for the future. I’ll learn from this and come back even stronger.” That Diwali, they celebrated together, not just for Aryan’s success but for Rohan’s determination to rise again. Aryan’s success reminded them both of the power of persistence, while Rohan’s resolve showcased the resilience that true growth requires. They were friends, sharing in each other's joy and in each other's pain, knowing that the journey would be full of ups and downs. For them, Diwali was no longer just a festival of lights. It was a reminder that even the darkest times lead to brighter days. As they looked forward, both Aryan and Rohan knew that, whether in success or setback, they would face every challenge together, stronger with each passing day. 📍 For Daily dose of Motivation & More Amazing Exam Tips Join t.me/ICAIexamtips On Telegram.

60 Days CA Inter & Foundation Revision - CA Result offer - 9th Time AIR 1 from CAtestseries.org Coupon Code - CARESULT ✅Other than ICAI Mat Lengthy Q's ✅Unseen application based Q's ✅Notes + Doubt Solving + Mentoring ✅17+ top faculties recommend Us ✅Ranking out of 20k+ Enroll Now & start at right time Register : https://onelink.to/82b536 CAtestseries.org 78886-34515

FR Important Points - 1. Ind AS 116 - Whether Lease Payments are to be considered at Year Beginning or Year End? Lease payments are considered at year end except in following 2 cases where it is considered at year beginning: (i) Specifically mentioned in question. (ii) Hint given in question regarding the same like --> Lease incentive payable at beginning --> Payment is due at beginning date (eg. 1st January in case of calender year) 2. Mainly Ind AS 116 & 109 - Where to use Revised Discounting Rate & Original Discounting Rate? In whole FR, Revised Discounting Rate is used except in following 4 cases where Original Discounting Rate is used: (i) Ind AS 109: Modification of FA [Step 2] (ii) Ind AS 109: Modification of FL [Step 1] (iii) Ind AS 116: Case B Modification [Step 5 - Gain/loss due to decrease in lease term] (iv) Ind AS 116: Insignificant Remeasurement 3. Mainly Ind AS 116 & 109 - Format for calculation of PV when there are same cash flows in each period It can be done either 1. Using PVAF or 2. Making full table & taking separate PV factors Both formats are allowed (minor round off difference can arise, which is allowed in exams) 4. Ind AS 109 - Whether Convertible Instrument is Compulsory Convertible or Convertible at Option of Holder/Issuer? It is assumed as convertible at option of holder unless specifically mentioned in question 💁‍♂By CA Ajay Agarwal ◈◉◎┄┅═❂❣❂═┅┄◎​◉◈   ┍━━━━═░★░═━━━┑     ✪ ➻ t.me/canotes_final               ℑoin us 🔜     ✪ ➻ t.me/cafinal_p1   ┕━━━━═░◈░═━━━┙