Consolidated Financial Statements (CFS) Revision | CA Final FR | By CA Ajay Agarwal AIR 1

Topics Coverage:
Ind AS 110 - Consolidated Financial Statements
Ind AS 111 - Joint Arrangements
Ind AS 28 - Investments in Associates & Joint Ventures

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[Itachi-tgjq]

6 months ago I was watching Atul and Ajay sir’s free revision videos for understanding the concepts which were taught in a very complex way by other teachers (God knows why).

Today I'm a CA and i came back to leave a comment not only thanking you sir(s), but for everyone else out there watching this video, to do their best and trust them (sirs).

Though I became a CA today, I will still address Atul and Ajay as Sir(s) cuz that’s the respect they’ve earned ❤️

P.S: I’ll keep posting this comment on sir’s videos until I feel content!

[ss_Archives]

Steps for Parent Co For Prep CFS
12:50 Step 1 Share of Parent
13:42 Step 2 Share of NCI
14:25 Step 3 DoA
14:32 Step 4 DoC
14:50 Step 5 Analysis Res of Subs Co
30:54 Step 5 Example
35:47 Step 5 - Sp Adj 1 - Profit
42:40 - Step 5 - Sp Adj 2 - Dividend
1:01:43 Step 5 - Sp Adj 3 - Ass & Liab
1:37:10 Step 5 - Sp Adj 4 - UR Gain on Inventory
1:44:14 Step 5 - Sp Adj 6 - UR Gain on PPE
1:49:25 - Step 6 - Cal of NATO
1:49:46 - Step 7 - Cal of NCI
1:53:10 - Step 8 - Cal of GW / Cap Res
1:59:20 - Step 9 - Cal of Grp/Cons Res
2:02:52 - Step 10 - Prep of Con BS
2:06:20 - Step 11 - Prep of Con PL
2:08:15 - Step 12 - Prep of Con Cash Flow St
2:10:10 - Q2 Revision Ram Ltd
2:26:30 - Chain Holding
2:40:10 - Pur of Add Stake in Subs Co
2:46:25 - Sale of Stake in Sub Co

[rohtashbaghel]

FR में डर लग ही रहा था। तभी एक आवाज राधे दोस्तो।
और सब बदल गया।

[raghavsharma]

May be one of the best ALL INDIA RANKERS ICAI has ever produced... Deep Respect for both of them.God has sent both of them to make Life of CA easier & better...❤❤❤🙌🙌

[aniketsingh]

Step 5- 14:48
2 treatment of dividend-42:35
3 impact of fv 1:01:30
4 treatment of unrealized gain -1:37:08
Step 6- 1:49:25
Step 7- 1:49:50
Step 8- 1:53:10
Step:9- 1:59:20
Step10- 2:02:53
Step 11- 2:06:15
Question: 2:10:10
Chain Holding - 2:26:33
Purchase of Additional Stake- 2:39:48

[atullikhmania]

2:52:38 loss of control
3:02:21 change in investment entity status
3:07:45 ind as 111 joint arrangement main joint operations wala
3:19:18 ind as 28 associate and jv
3:27:46 special adj in associate

[virtualgigi]

The fact that they made a volume 1 and volume 2 bifurcation if SUCH A HUGE BLESSING! Today I am grateful that these guys exist! may they get all the success in the world!!

[pratikbhadktya]

I am chartered accountant still watch your video sometimes for reference

[becomingproactivewithsomya]

Sir that image of Lord Krishna behind you gives soo much positive vibes.. May you both brothers stay blessed.. You are saviour of soo many students 😊😊

[snapdragon]

Thank you guruji for your teaching and support. I cleared my CA final first group in May 2022. With 60 marks in FR.
Happy teachers day 🎉🎉

[shyamraut]

As everyone knows it is not just the student who gives the exam but his whole family does. When anyone pass with help of your video not only the student but his whole family gives blessings... So Thank you so much Sir... #BestFRfaculty #BestCATeacher

[siddhishrivastav]

14:50 Step 5 Analysis Res of Subs Co
30:54 Step 5 Example
35:47 Step 5 - Sp Adj 1 - Profit
42:40 - Step 5 - Sp Adj 2 - Dividend
1:01:43 Step 5 - Sp Adj 3 - Ass & Liab
1:37:10 Step 5 - Sp Adj 4 - UR Gain on Inventory
1:44:14 Step 5 - Sp Adj 6 - UR Gain on PPE
1:49:25 - Step 6 - Cal of NATO
1:49:46 - Step 7 - Cal of NCI
1:53:10 - Step 8 - Cal of GW / Cap Res
1:59:20 - Step 9 - Cal of Grp/Cons Res
2:02:52 - Step 10 - Prep of Con BS
2:06:20 - Step 11 - Prep of Con PL
2:08:15 - Step 12 - Prep of Con Cash Flow St
2:10:10 - Q2 Revision Ram Ltd
2:26:30 - Chain Holding
2:40:10 - Pur of Add Stake in Subs Co
2:46:25 - Sale of Stake in Sub Co

[noelnadar]

This 3 hours 47 minutes video is posted in the name of revision video but it is way better than any other FR faculty's regular classes where even after investing 30-40 hours into a single chapter you're still clueless in the end about everything. This revision video provides so much clarity on concepts and things are explained in such a simplified and exam oriented manner.

[shivsanketsubudhi]

Ajay Sir's 3hr revision is far better than 35 Classes of 3Hrs each

[venketashwerrao]

Ur revision lectures are more useful than anyone's full classes...only following ur revision lectures and QB.. went from 0% confidence to 95% confidence level now. Thankyou so much ❤

[gunjanchoudhary]

you made the toughest chapter an easy one. I am about to leave this ch for exams 'coz finding it very hardddd but after watching your lec, i am confident enough to deal with this ch.
THANKYOU

[digvijayrohatgi]

Sir, Your revision lectures are much much far better than so called bhagwan of FR Regular lectures taking 400 plus hours ...notes are crisp, concise & to the point..i regret that i was not your student ...your the only Gem in FR & SFM... Thanks a lot...

[dayonastanly]

Your examples for each and every special adjustments will never forget….thanks a lot for this wonderful class….

[dhruvthakkar]

He is so good in explaining things....he has made CA look easy. God bless him

[yashvantkumar]

I repeat no one can cover the entire concept as precise and conceptual clear as Ajay sir has done in just 3:45 hrs. Thank you So much sir 🥰