Embedded Files
1. Definitions and Recognition
1-1 Introduction [R]
1-1 Introduction [R]
1-2 Recognition [R]
1-2 Recognition [R]
1-3 Q&A Okara Engineering [O]
1-3 Q&A Okara Engineering [O]
1-4 Q&A Shayan Limited [O]
1-4 Q&A Shayan Limited [O]
1-5 Q&A Sahiwal Construction [O]
1-5 Q&A Sahiwal Construction [O]
1-6 Q&A Sara Limited [O]
1-6 Q&A Sara Limited [O]
Query: Sir while applying capitalization rate to amounts of payments why have we applied the rate to all months like 1st payment is made on 1 jan and other is on first may so we should take 4 months and same for other payments
Response: Both methods are same. Just difference of style.
30,000 x 9.89% x 4/12 = 989
50,000 x 9.89% x 5/12 = 2,060
65,000 x 9.89% x 3/12 = 1,607
TOTAL 4,656
2. Capitalisation Period & Disclosure
2-1 Capitalisation Period and disclosure [I]
2-1 Capitalisation Period and disclosure [I]
Query: A.o.A Sir! Cord Limited ke question me Loan borrowed Kiya ja Raha hai Feb 22,2011 me.Lekin First expenditure hua hai..., loan me se qualifying asset ke lie March 04,2011 me To Sir borrowing cost capitalized ki commencement March 4, 2011 se Shuru nahi ho gi?
Response: WA, For commencement of capitalisation, one of the conditions is that expenditure is incurred which was incurred on 1 January 03, 2011 (from own funds, expenditure from loan funds is not necessary).
2-2 Q&A Alpha Limited [I]
2-2 Q&A Alpha Limited [I]
2-3 Q&A Khan Limited [R]
2-3 Q&A Khan Limited [R]
3. Comprehensive Examples
3-1 Q&A Googly Industries Limited [O]
3-1 Q&A Googly Industries Limited [O]
3-2 Q&A Steady Industries Limited [I]
3-2 Q&A Steady Industries Limited [I]
Query: sir is question main humny permit ki fee ko capitalized q nhi kya?
Response: Permit fee shall be capitalised directly in cost of building but it is not borrowing cost. The requirement of this question is "calculate the amount of borrowing costs to be capitalised".
3-3 Q&A Bulan Pakistan Limited (ICAP Spring 2022) [I]
3-3 Q&A Bulan Pakistan Limited (ICAP Spring 2022) [I]
3-4 Q&A Corv Limited (ICAP Spring 2021) [O]
3-4 Q&A Corv Limited (ICAP Spring 2021) [O]
3-5 Q&A Bunny Ear Limited (ICAP Autumn 2021) [I]
3-5 Q&A Bunny Ear Limited (ICAP Autumn 2021) [I]
Query: sir land ko 2019 me amortize q ni kia
Response: Land is not depreciable asset. The related building became available for use in 2020 and that is when depreciation of factory building will commence as well as amortisation of related grant.
3-6 Q&A Looney [O]
3-6 Q&A Looney [O]
3-7 Q&A Betta Limited (ICAP Autumn 2023) [O]
3-7 Q&A Betta Limited (ICAP Autumn 2023) [O]
3-8 Q&A Texito Limited (ICAP Spring 2024) [R]
3-8 Q&A Texito Limited (ICAP Spring 2024) [R]
4. Objective Based Q&A
4-1 MCQs [O]
4-1 MCQs [O]
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