Open to everyone. Sign in and this lesson counts on your paper's progress.यह lesson सबके लिए खुला है। sign in करने पर यह आपके paper की progress में गिना जाता है।
3 videos
2 teachers
Length 25–115 min
1 practice scenario
Choose a teacherआप इनमें से किसी एक teacher का video चुनें। एक video काफ़ी है।
3 teachers' videos for this topic. You only need one. Nobody at YUNOVA has watched them yet; they were found by title, channel and length.
CA Parveen Sharma
Framework of Accounting | Concepts & Quick Revision | CA Inter Advanced Accounting
25 min video
Suggested first
Not reviewed yet
CA Parag Gupta 2.0
Framework for Preparation & Presentation of Financial Statements Ch 2 | CA INTER Advanced Accounting
114 min video
Not reviewed yet
CA Parveen Sharma
The ONLY FR Conceptual Framework Video You Need to Watch! @caparveensharmaofficial
66 min video
Not reviewed yet
Recommended marks a teacher on this paper's shortlist. Suggested first only means it is listed first. Neither is a verdict on the video.
Nobody at YUNOVA has watched these lessons yet. They were found by searching YouTube and reading each result's title, channel and length. Syllabus tracking shows what you have covered, not how ready you are; it never predicts your exam result.
Practice: Chapter 2इस chapter की practice: एक समय में एक case scenario।
Draft case scenarios for this chapter, one at a time. An AI reviewer checked them; a teacher has not yet. Your score is for this session only.
This session: 0 of 0 right
Scenario 1 of 1 · Chapter 2: Framework for Preparation and Presentation of Financial Statements
Case Scenario on Conceptual Framework for Financial Statements
Vidyut Manufacturing Ltd. (VML) operates an industrial plant. On 1st April 2024, VML purchased a specialized heavy machine for ₹50,00,000. To bring the machine to its operational site, VML incurred ₹2,00,000 as transportation costs and ₹3,00,000 as installation fees. During April 2024, prior to commercial production, VML spent ₹1,00,000 on initial operating losses while testing the machine. The net realizable value of the machine as on 31st March 2025 is estimated at ₹48,00,000, while its present value of estimated future cash flows (value in use) is ₹52,00,000, and its current replacement cost is ₹58,00,000.
On 1st October 2024, VML received a customer advance of ₹10,00,000 for goods to be manufactured and delivered in June 2025. By 31st March 2025, raw materials worth ₹4,00,000 had been purchased for this order, but no production had commenced.
As on 1st April 2024, VML's opening equity was ₹1,00,00,000 represented by net physical assets of 1,00,000 units. By 31st March 2025, the price index for these physical assets increased by 10%. VML earned a profit before considering physical capital maintenance of ₹15,00,000 during FY 2024-25.
1 / 4
Under the Framework for Preparation and Presentation of Financial Statements, at what initial historical cost should the heavy machine be recognized in the financial statements as of 1st April 2024?
Report this question
2 / 4
What is the present value (value in use) measurement basis amount for the heavy machine as of 31st March 2025?
Report this question
3 / 4
How should the customer advance of ₹10,00,000 received on 1st October 2024 be reported in the financial statements of VML as of 31st March 2025?
Report this question
4 / 4
Under the Physical Capital Maintenance concept, what is the net profit of VML for FY 2024-25 after maintaining physical capital capacity?
Opened means you opened the lesson page. It does not mean you watched or understood it.Opened का मतलब है कि आपने lesson का page खोला। इसका मतलब यह नहीं कि आपने उसे देखा या समझा।
YUNOVA organises freely available YouTube lessons. We do not own these videos or their content.YUNOVA, YouTube पर free मिलने वाले lessons को क्रम में रखता है। ये videos और उनकी सामग्री हमारी नहीं हैं।
