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FMSM: Which of the following is a Discounted Cash Flow Technique:
FMSM: Which of the following represents the amount of time that it takes for a capital budgeting project to recover its initial cost?
FMSM: A proposal is not a capital budgeting proposal if it:
FMSM: Which of the following is not a Criticism of Profit Maximisation Objective?
FMSM: The lower the levels of financial gearing, the more __________are the financial policies of the company:
FMSM: __________________is to decide whether the firm should distribute all profits or retain them or distribute a portion and retain the balance:
FMSM: To assess quick liquidity position, ___________is excluded while calculating Quick Ratio:
FMSM: ………. Means the organization can no longer meet its financial obligations with its lender or lenders as debts become due.
✅Important Clarification for CA Inter Sept'24 and Jan'25 (and onwards)
ICAI has changed its stand. Now, in section 61, alteration of capital clause u/s 64 will require OR.
Please make correction in Section 61 of Summary Book
Revised last line - The capital clause of memorandum, if authorised by the articles, shall be altered by passing ordinary resolution as per Section 61 (1) of the Companies Act, 2013.
✅Conclusion - No SR for Sec 61. Only OR.
10. Audit documentation to be retained for how many years from date of audit report?
9. CA Rajeev accepted a 4 Nights 5 days trip to Lakshadweep from his Audit client Uday Ltd. Which threat?
8. Salman a CA is auditor of Aish Ltd and deals in shares of the Company. Which threat?
7. Which of following factors makes it appropriate to revise terms of audit engagement?
6. Which of the following isn’t part of engagement letter?
5. CA Piyush is offered appointment as statutory auditor of branch of a bank. He has also taken housing loan of Rs.75 lakhs from same bank. Identify threat to independence involved.
4. As per SQC-1 “An appropriate time limit within which to complete the assembly of the final audit file is ordinarily not more than____ days after the date of the auditor’s report”.
