It is a course designed to give a student with complete knowledge of Paper 5 at CA FINAL level. Mind you this is the paper that creates a lot of problem for the students as it does not have a format or any formulas. It is business and we are going to learn all aspects of the business.

This Crash Course PLUS gives you all the knowledge required to excel in this paper. Go through FAQ to know more.

Preface to the book.

“No matter how much you are qualified, common sense always helps”

Business is changing and so is our subject. Greatest companies of all times like General Motors, Lehman Brothers, Reader’s Digest Association etc today are no longer dominant. Most local retailers are closing down due to e-commerce, technology has had a far more negative impact than positive. Self driven cars will lead to massive unemployment in India but will also create new jobs for those people who are expert in Artificial Intelligence. Robots will replace servants one day at your house. Make yourself that capable that you will survive all changes of tomorrow. Go to Europe and you will find accountants now don’t do the jobs they were doing 10 years ago. Accounting is done automatically. Companies like Smacc are doing automation at Rapid pace. Companies like EVERLAW are making lawyers jobless by proving automated reply to legal problems. Crypto- currency is about to gain momentum in future. Luxuries of today will be necessities of tomorrow. The invention is the only thing that will keep you alive.  Never thought the internet will be a business one day, never thought Youtube could make money, never thought Facebook could make billionaires…. But these are business of today. Our coaching industry underwent so many changes. From face to face classes, to pen drives and virtual, we have seen all. I am still from the traditional school of thought where I think that “when a student comes face to face, he really enjoys the subject and is not only trying to just pass for sake of becoming a CA”.

Marginal costing, standard costing and Performance Evaluation occupy a major chunk of this syllabus and almost all the chapters get included under these headings. This is one of the subjects that I have taught for the past 19 years and can still say there is so much to learn. New concepts keep arriving and it is very interesting to learn these new concepts especially as they relate to the manufacturing sector as the growth of any country is determined by its manufacturing sector. Japanese and German concepts of manufacturing like TQM, JIT, Target costing, ABC, Value chain analysis, ERP, Benchmarking, Beyond Budgeting etc are being implemented by Multinationals across the world. Unfortunate that Costing in India still is at a very early stage and it might take many years before these techniques get implemented like they are in developed countries.

“A student makes his own destiny and no matter how much a faculty does, it is only students efforts that give fruit.”

to be continued