AS 11 in ENGLISH - The Effects of Changes in Foreign Exchange Contracts || CA Inter/IPCC || ACCOUNTS

AS 11 - The Effects of Changes in Foreign Exchange Contracts in ENGLISH.
All concepts are explained in under 40mins.
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[@athulyathrideep7869]

Thank you so much for uploading this video. It really helped me. You made each and every concepts of AS 11 very clear 😍 I have a suggestion. Try to show notes as texts in the video. I think that will be more helpful than this writing method.

[@BhavanasOnlineAcademy]

Most welcome 😊

[@manas140]

But I love this method it so friendly ♥️

[@_lax_p]

00:21 3. Forward Exchange Contracts
09:23 1. Foreign Transactions
30:25 2. Foreign Operations

[@rakesh-gp6im]

Mam U own mini institute for CA Inter

[@nandhinikeerthi2822]

Deivameeeee....nandri solven deivame🙏🏻

[@dineshkumaars5908]

😂🙏

[@aswinraja3058]

Correct deivameee

[@ARUNAVERMA]

Thank You so much mam.
Spent more than 6 hours on other videos but didnt help.
After Watching your video i got full conceptual clarity.

[@rajasreerpillai5731]

This class really helpful for studies. I was reading the whole text for a long but i couldn't make a connection. After this class, I understand the concept well. I will attach your notes for notes. Thank you ma'am 😁

[@sreenivasd1418]

Simple explanation but very much understandable by the viewers. Thank you. Can u plzz upload all other AS.

[@BhavanasOnlineAcademy]

Yes I will. Thank you :)

[@aryajain4360]

You really teach conceptually, great at Accounting stds

[@pavankumarsb259]

Thanks a lot from the bottom of My heart akka

[@gokulrajs8848]

It really helped for final leg of revision..thank you.!

[@samyukthadevi8076]

Mam, very good explanation. Im really glad to find your channel. Im lucky.

[@tarunlucky2309]

Amount in LT FC MI translation account shall deffered and amortised.... always be earlier of
a) expiry date
b) 31/3/2021.........is this the date fixed for any exam attempt.....or what is applicable for may 22

[@prehladkumar8370]

Mam,
Very clear concept
Exceptional

[@poojithasudharsanam2832]

Hlo mam, I have been watching all of your AS and it is very helpful for revision. Also I have one doubt, For FC-MI is the limitation of reducing the useful life upto 31.03.2021 applicable for may 2022 exams too? Or was there any extensions given?

[@venkat4788]

According to para 46 AS 11, Any exchange difference pertaining to accounting periods which commenced on or after 7th december 2006 If the option is adapted by the entity , if it relates to depreciable asset it will be added or deducted from the asset as the case may be. In other cases it will be transferred to FCMI translation difference A/C and it will be amortised over the life period of the asset or upto 31st march 2020 (originally it is 31st march 2011).This year 31st March 2020 is not changed till now.
But according to para 46a (inserted in dec 2011 by Ministry of corporate affairs), Any exchange difference pertaining to accounting periods which commenced on or after 1st april 2011, If an enterprise which already adapted the option as per para 46 and at the option of any other enterprise, If it relates to depreciable asset it will be added or deducted from the asset as the case may be. In other cases it will be transferred to FCMI translation difference A/C and it will be amortised over the life period of the asset.
Simply putting, as per para 46 there is a limit in the year for amortisation ie 31/3/2020 (Originally 31/3/2011) .This is applicable only if the long term foreign currency monetary item difference is related to the accounting periods of on or after 07/12/2006 to 31/3/2011.
But as per para 46a if the long term foreign currency monetary item difference is related to the period of on or after 01/04/2011 there is no limit for amortisation it can be amortised over the life period od the asset.
And if the option is once adapted it is irrevocable and it is applied retrospectively for such accounting period, from the date this transitional provision comes into force or the first date on which the concerned foreign currency monetary item is acquired, whichever is later, and applied to all such foreign currency monetary items.
This interpretation was seen by me in one of the posts on linkedin. The link of that post is shared here.
www.linkedin.com/pulse/paragraph-46-46a-11-effects-changes-foreign-exchange-rates-agrawal?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_recent_activity_details_all%3BG4VY2o46SYOR9DpFzN9x1A%3D%3D

[@samyukthadevi8076]

Thanks a lot buddy. This really helped me. ​@@venkat4788

[@anushkagarg4716]

Thanku so much mam this vdo is really very helpful ☺️❤️❤️

[@BhavanasOnlineAcademy]

Glad it helps! 😊

[@santhoshk1948]

Thank you so much video Is 100% clear and also concept wise

[@BhavanasOnlineAcademy]

Most welcome 🙂

[@sridevi8133]

Excellent explanation useful for CMA final as well

[@BhavanasOnlineAcademy]

Thanks!

[@ambanimehta]

mam thode as ke notes apne telegram pe provide kiye hai aur thode ke nahi esa kyu

[@athulyathrideep7869]

Is it 31st March 2021 or 2020? I have a doubt. Please check it

[@nityamruthacv7959]

Thank you so much mam...understood very well

[@sarcasticbee1300]

AWESOME SESSION LIKE ALWAYSSS......

[@ameetopiwala7255]

Thank you mam for explaining it very clearly 😊

[@gopikrishnadivakarla1130]

You are a very good teacher...👍

[@BhavanasOnlineAcademy]

Thank you!

[@user-fi7oi4tg3b]

Thank you so much mam..
Really hepful 😀

[@user-wg7lx8xd2m]

Applicable for cma inter

[@joy-ow4ey]

Ma'am you are best ❤

[@shrutirajput566]

ma'am in foreign contracts if price of dollar increases then in that case also we convert dollar in
forward rate?

[@sudharsanganeshan24]

Nice lecture, it'd be better if you turn off fans and close the windows .

[@mixerrishabh5129]

Thank you very much ma'am 🥺🙂🫂

[@soundaryavijay8907]

Akka any amendments for dec 2021 for this AS?

[@dhanushree.m9011]

I have a kind request 🙏...can anyone answer my question.. Is there any amendments in this std applicable for may 2023

[@manas140]

Please do as 2 as 3 as 13 please mam

[@CASanjayMpr2398]

My friend I have one doubt
For example : I have a company name is SME engineering company ,I made a sales of goods on 2.8.2020 ,finally I have received the usd dollar of my client $ 1000 .
Now in books of records which date I have to account here and which exachange rates..

[@balajim8395]

How many years ago u completed ca inter akka, please let me know akka.......ur voice is very similar to my senior......

[@dpdesigns1617]

23:28 revision

[@sk-od8wb]

It is revised AS 11?

[@grevathi5567]

Really great explanation ☺️🙏

[@BhavanasOnlineAcademy]

Thanks 👍

[@prasadnilugal4691]

Very well explain As 11

[@archasunil3715]

Thnku 😍

[@sriramj833]

thanks for video

[@basavarajpatil6240]

Where is 3. Forward Exchange Contracts ????

[@dhanush5718]

It's done first in the video

[@anniejose7489]

Thank you ma'am

[@YaliniArivalagan]

Thank you ❤️✨

[@kashyapavm2296]

your explanation is good but the background noise is too high

[@manas140]

Thank you ♥️

[@mdshaharudeen5735]

Super sister ..👍😄

[@BhavanasOnlineAcademy]

Thanks! 😄

[@sagarrocky1465]

What is the name of pen which u are using?? It's nice

[@keerthanakeerthi6337]

Vera level mam😇🤗

[@BhavanasOnlineAcademy]

Thank you!

[@annatammudu8456]

Sister can you applod your notes , really it is very clear

[@reshmaammuzz3473]

Thank you ma'am...❤️

[@srinivasanmadhu5341]

Akka super explanation👍

[@BhavanasOnlineAcademy]

Thank you!

[@roshinim4591]

Kindly upload all AS's in group 1 and 2.

[@BhavanasOnlineAcademy]

Sure will try to upload soon

[@vaanisiyer5163]

U r amazing 🥺🙏

[@BhavanasOnlineAcademy]

Thank you!

[@shreearunaashok8801]

Please upload AS 10

[@abcdefghijklmnopqr.1]

23:04 anyone heard tmkoc's background music .. Or it's just me

[@vishnusharma5308]

Thank you so much Sister

[@BhavanasOnlineAcademy]

You're welcome!

[@anop217]

Is it updated for may 22

[@BhavanasOnlineAcademy]

Yes

[@sridevi8133]

Great explanation

[@BhavanasOnlineAcademy]

Thanks!

[@samstanes6958]

Mam I have few doubts in Illustration !!

[@BhavanasOnlineAcademy]

Yes please ask

[@samstanes6958]

@@BhavanasOnlineAcademy Mam in AS-11 Effect of Changes in Foreign Exchange Rate ... Illustration No 3.... why is Depreciation and Closing Stock are not included in the Trial Balance in Answer ?

[@athulyathrideep7869]

@@samstanes6958 Me too have the same doubt bro 😅

[@Biscuit491]

Hey. Can someone please explain the meaning of hedging contract

[@samyukthadevi8076]

A contract which is made to avoid any future loss. It is like setting a limit for loss or setting the price to have no loss etc.

[@sivakumar-om3lk]

good explanation

[@BhavanasOnlineAcademy]

Thank you!

[@muhamedrahees562]

Upload AS 10

[@adwaithanil2887]

Show some respect bro.

[@boyaeranna4712]

Fully satisfy madam 10000000⭐

[@ganpathraj1698]

Good

[@BhavanasOnlineAcademy]

Thanks!

[@rekhajain2217]

Super

[@BhavanasOnlineAcademy]

Thanks :)

[@balkishandhakad6018]

applicable for nov 22?

[@thedemocratic_indian]

Yes

[@raghavendraachary3922]

❤

[@dhivyapriyak2193]

Please post other AS

[@BhavanasOnlineAcademy]

sure

[@vibeinIndia]

Akka 🔥🔥

[@BhavanasOnlineAcademy]

Thanks

[@shariquehassan5687]

thank u akka...

[@BhavanasOnlineAcademy]

you're welcome!

[@ashwinramachandran5296]

23:30 revision