Hey guys
Students who wish to prepare for Nov 2020 exam have this golden chance to start their preparations during lockdown itself. Its going to be a while till all restrictions on public gatherings are lifted by authorities...can extend upto several weeks even after lockdown ends
So we never know from.when face to face batches will resume
Students who wish to prepare for Nov 2020 exam have this golden chance to start their preparations during lockdown itself. Its going to be a while till all restrictions on public gatherings are lifted by authorities...can extend upto several weeks even after lockdown ends
So we never know from.when face to face batches will resume
Considering the importance of time for CA students, AVJ has come up with a solution. Any student who is preparing for Nov 2020 exam can get video classes of all subjects through google drive and start studies immediately
As and when face to face classes resume, u can come and join our f2f batch
All details are given in video above
As and when face to face classes resume, u can come and join our f2f batch
All details are given in video above
For further details, contact 9310824912 or visit our website
Avjknowledgeportal.com
Avjknowledgeportal.com
5_6089077115242676482.pdf
1.6 MB
Emailing 5_6089077115242676482.pdf
Trying my best to reply all queries at earliest on whatsapp ...If any query remains unanswered, DM on instagram pls
🖥ICAI WEBCAST UPDATES: ADDRESSED BY ICAI PRESIDENT & VICE PRESIDENT :
🎈ICAI is working to provide reverification result within 7 Days
🎈ICAI to reduce the time taken to announce result by 15 Days
100% Machine Checking of Papers by 2024
🎈ICAI is creating a Case Study of Question Bank of 5000 Case Studies.
🎈Council has approved the Virtual/Online Classes for Post Qualification Courses
🎈CDS Portal will be started immediately after Lockdown
🎈ICAI will come out with Research Paper on Revival of Economy post COVID-19
🎈Guidelines might be issued for Digital Signing of Audit Reports due to Covid 19
🎈ICAI looking for Case Study Developer
🎈 ICAI will promote work from home culture for women members
🎈No reduction in Job Opportunities for CA's due to COVID-19
🎈Correction window might be reopened only for change of center and not group.
🎈No extension of Last Attempt of Old Syllabus of IPCC/FINAL
🎈No postponement/preponement of June 2020 attempt
🎈Level of Examination of June 2020 exam will be same, Exam Postponement Will Not Make Exam Harder
🎈ICAI - MTP will Commence After 1st May
🎈Whether MCQ Question Paper of June 2020 will be given or not
- is not clearify yet
🎈Lockdown period will not be treated as Holidays for Articles and considered as working but those who are on leaves for examination it will not be considered as working
🎈Earmarked 100 crore for Student Scholarship
🎈No exemption for CS from CA Articleship
🎈 Council Will Come Online every month to answer queries
🎈ICAI is working to provide reverification result within 7 Days
🎈ICAI to reduce the time taken to announce result by 15 Days
100% Machine Checking of Papers by 2024
🎈ICAI is creating a Case Study of Question Bank of 5000 Case Studies.
🎈Council has approved the Virtual/Online Classes for Post Qualification Courses
🎈CDS Portal will be started immediately after Lockdown
🎈ICAI will come out with Research Paper on Revival of Economy post COVID-19
🎈Guidelines might be issued for Digital Signing of Audit Reports due to Covid 19
🎈ICAI looking for Case Study Developer
🎈 ICAI will promote work from home culture for women members
🎈No reduction in Job Opportunities for CA's due to COVID-19
🎈Correction window might be reopened only for change of center and not group.
🎈No extension of Last Attempt of Old Syllabus of IPCC/FINAL
🎈No postponement/preponement of June 2020 attempt
🎈Level of Examination of June 2020 exam will be same, Exam Postponement Will Not Make Exam Harder
🎈ICAI - MTP will Commence After 1st May
🎈Whether MCQ Question Paper of June 2020 will be given or not
- is not clearify yet
🎈Lockdown period will not be treated as Holidays for Articles and considered as working but those who are on leaves for examination it will not be considered as working
🎈Earmarked 100 crore for Student Scholarship
🎈No exemption for CS from CA Articleship
🎈 Council Will Come Online every month to answer queries
BCK Chapter 3 Indian and Global Companies.pdf
4 MB
Emailing BCK Chapter 3 Indian and Global Companies.pdf
Students for June 2020 may note that there are some changes in Chapter 3:- Indian and Global Companies
Pls refer to above video and document for details
Pls refer to above video and document for details
Pls dont send queries on telegram...i hardly see any personal.msgs on telegram
For queries, please dm at my Insta handle sanchit.grover.372
Would try my best to reply within 12 hours
For queries, please dm at my Insta handle sanchit.grover.372
Would try my best to reply within 12 hours
You are all seeing the news flash talking about oil price going negative. So here is a very brief simplified explanation for what's happening
1. Most of the oil is traded via Futures Contracts. There is a Spot Price as well, which is taken into account while arriving at the "theoretical futures price"
2. There are two main Futures Contracts (remember this is simplified) - The WTI and the Brent
3. WTI refers to the Oil from North America, while Brent refers to oil from Middle-east, Europe and Russia
4. There are a million variants, but we will omit those for the moment, since they complicate the discussion without really adding any clarity
5. The "Oil Price" that's gone negative is the settlement prices for the May 2020 Delivery Contract (ONLY THAT ONE)
6. Some more complexity - There are two forms of settlements for Crude Oil Futures Contracts (and for most commodities), viz Net Settlement and Physical Delivery
7. Net settlement allows the buyers of the contracts to settle the financial difference between the buying price and the settlement price
8. If a buyer of a Futures Contract doesn't opt for net settlement on or before the "Notice Date", which passed last week for the May 2020 Delivery, then they are assumed to be taking physical delivery of the underlying quantity of Crude Oil
9, And that's the "technical problem" that's pushing the settlement price of May 2020 Delivery Contracts to become negative. There is a buyer, or a series of buyers, who are stuck with physical delivery option that they can't actually use, ie they can't take physical delivery of the underlying crude oil because they don't have the storage capacity to store this
10. The negative price indicates that they are getting some buyer, probably a refiner, or a storage facility or a driller, to take the delivery off their hands by PAYING them to buy the oil that's ready for May delivery
11. It's never happened before in the history of Crude Oil Futures trading. It's a very unique situation
12. However, the June delivery WTI futures are still trading in positive territory at $20+/ BBL. And the Brent Futures for June 2020 delivery are trading at $25+/ BBL
13. Will this have implications: surely so. It means that the US Crude Oil producers are now facing a glut and if they don't stop drilling, they will have to give the oil away free, and/or pay people to buy that oil.
14. This oil can't be dumped or disposed off, since that will cause an environmental disaster and result in billions of dollars of penalty (Exxon Valdez, Deepwater Horizon, etc.)
But now problem is drilling cannot be stopped as cost of drilling high & cannot be kept idle.
1. Most of the oil is traded via Futures Contracts. There is a Spot Price as well, which is taken into account while arriving at the "theoretical futures price"
2. There are two main Futures Contracts (remember this is simplified) - The WTI and the Brent
3. WTI refers to the Oil from North America, while Brent refers to oil from Middle-east, Europe and Russia
4. There are a million variants, but we will omit those for the moment, since they complicate the discussion without really adding any clarity
5. The "Oil Price" that's gone negative is the settlement prices for the May 2020 Delivery Contract (ONLY THAT ONE)
6. Some more complexity - There are two forms of settlements for Crude Oil Futures Contracts (and for most commodities), viz Net Settlement and Physical Delivery
7. Net settlement allows the buyers of the contracts to settle the financial difference between the buying price and the settlement price
8. If a buyer of a Futures Contract doesn't opt for net settlement on or before the "Notice Date", which passed last week for the May 2020 Delivery, then they are assumed to be taking physical delivery of the underlying quantity of Crude Oil
9, And that's the "technical problem" that's pushing the settlement price of May 2020 Delivery Contracts to become negative. There is a buyer, or a series of buyers, who are stuck with physical delivery option that they can't actually use, ie they can't take physical delivery of the underlying crude oil because they don't have the storage capacity to store this
10. The negative price indicates that they are getting some buyer, probably a refiner, or a storage facility or a driller, to take the delivery off their hands by PAYING them to buy the oil that's ready for May delivery
11. It's never happened before in the history of Crude Oil Futures trading. It's a very unique situation
12. However, the June delivery WTI futures are still trading in positive territory at $20+/ BBL. And the Brent Futures for June 2020 delivery are trading at $25+/ BBL
13. Will this have implications: surely so. It means that the US Crude Oil producers are now facing a glut and if they don't stop drilling, they will have to give the oil away free, and/or pay people to buy that oil.
14. This oil can't be dumped or disposed off, since that will cause an environmental disaster and result in billions of dollars of penalty (Exxon Valdez, Deepwater Horizon, etc.)
But now problem is drilling cannot be stopped as cost of drilling high & cannot be kept idle.
Saw this discussion in a professional group of chartered accounts...Thought of sharing with you
I know many of you wouldnt be having knowledge of Futures since they are part of CA Final syllabus...but i assume you wl b able to get some sense of what happened yesterday in US due to which Oil prices crashed
I know many of you wouldnt be having knowledge of Futures since they are part of CA Final syllabus...but i assume you wl b able to get some sense of what happened yesterday in US due to which Oil prices crashed
Time Table of Mock Tests.pdf
247.3 KB
Emailing Time Table of Mock Tests.pdf
Forwarded from CA Inter Knowledge Portal
After great success in CA Foundation,Launching Question Bank for CA Inter Law by CA.Sahil Grover...Most comprehensive with lots of case studies and MCQs..
MRP-Rs 500(including courier)
First 50 orders at special price of Rs.400
For order click
https://avjknowledgeportal.com/BuyB.aspx?id=Corporate%20And%20Other%20Laws%20Question%20bank
For demo:
https://drive.google.com/file/d/1H5vWSalbKog4U0CYpZTR34GD-gxMuxcH/view?usp=drivesdk
For enquiries call
AVJ Academy
9310824912
MRP-Rs 500(including courier)
First 50 orders at special price of Rs.400
For order click
https://avjknowledgeportal.com/BuyB.aspx?id=Corporate%20And%20Other%20Laws%20Question%20bank
For demo:
https://drive.google.com/file/d/1H5vWSalbKog4U0CYpZTR34GD-gxMuxcH/view?usp=drivesdk
For enquiries call
AVJ Academy
9310824912