CA Final Online Video Lectures

Accountancy being one of the core subject areas for a CA, this paper, Financial Reporting,  is quite complex and lengthy. It builds on the concepts you have learnt from paper 1 in CA Foundation, and papers 1 and 5 in CA Intermediate.

Since this paper deals with Accounting Standards, Ind AS/IFRS, the syllabus keeps getting updated due to changes in legislation around these standards.

As a student, it becomes imperative to keep up with these changes. That is why, at LearnCab, we constantly update our material which includes video lectures, Notes and self-evaluating quizzes.

Not only that, at LearnCab, we understand that students grasp concepts best by means of practical examples. So, our faculty, CA Chinmaya Hegde, in his lectures, presents this subject by first going through the theory, followed by working out practical examples.

The problems are worked out from the ICAI syllabus, past exam question papers, and old practice manuals. He goes through suggested answers from the Institute to demonstrate how one should answer such questions. Note that questions like these are likely to appear in the exam with slight modifications to numbers and wording.

Now, CA Chinmaya Hegde’s teaching experience covers all three levels of the Chartered Accountancy Course. He is also the faculty for papers 1 and 5 in CA Intermediate. These papers are the building blocks for the content in this Financial Reporting paper at the CA Final level. That is why, having the same faculty go through the concepts both at Intermediate and Final levels help you to understand the topic seamlessly.

We should also mention that CA Chinmaya Hegde has over 6 years of teaching experience in various academies such as Samvit Academy and CAPs. He is a rank holder in all three levels (13^th rank in CA Foundation, 3^rd rank in CA Intermediate and 39^th rank in CA Final.) A Chartered Accountant by profession, learning Financial Reporting concepts from him on LearnCab will give you a significant advantage over other students. 

Middle class Indian teenagers are already quite well versed in managing their finances because of the trend of giving pocket money. This principle of managing money applied to the corporate world to manage finances of companies is nothing but Financial Management (F.M.)

The objective of F.M. is to maximise the wealth of the stake holder.  The part of the paper that deals with F.M. in particular builds on the concepts you have learned from paper 8 in CA Intermediate.

Now, S.F.M. or Strategic Financial Management makes use of past data along with certain assumptions to assess the future and associated risks. As a CA in a company making a financial decision, you will need to apply the skills learned in this area to inform your decision.

Students find difficulty in many areas of this paper. Not the least because the concepts involved are quite tricky and involve some number crunching. That is why, at LearnCab, we go through several case studies. Going through these case studies will give you a practical idea of how the concepts are applied.

Not only that, the teaching methodology used is to go through theoretical ideas followed by practical examples. This way, you have solidified the theory in your mind by understanding its practical use. LearnCab’s faculty also use graphics and animation in the lectures. This is because learning theory suggests that pictures, animation and movies are more memorable than mere words.

The faculty in charge of this paper is CA Lijil Lakshman. He has a knack of getting at the heart of complex ideas thereby simplifying them. He is a Chartered Accountant by Profession and has hands-on experience in teaching. He is an active public speaker as the Session Chairman in various National Conferences organised by the Board of Studies, ICAI. A commerce graduate from IGNOU, All India First Rank holder and Certified Associate from IIBF, he is presently a partner at LDS & Co, Chartered Accountants, Cochin.

Under the Companies Act, 2013, appointment of CA as an auditor is mandatory. That is why, as a qualified CA, the knowledge gained in this paper, Advanced Auditing and Professional Ethics, will help you in conducting statutory audits of Companies. Also, you are expected to conduct yourself as a professional with utmost integrity. You will be responsible to many stakeholders including the government, and so, your integrity should not be questioned. As such, ICAI has introduced this topic to provide you with the necessary ethical grounding.

Note that if new legislations/ Engagement and Quality Control Standards /Guidance Notes/Statements are enacted in place of the existing legislations, the syllabus would include the corresponding provisions of such new legislations with effect from a date notified by the Institute. 

We will update the content as and when such changes to the syllabus are made by ICAI. These changes will be provided to you for free so that you do not have to waste time and money to find other resources. Now, note that auditing is a very practical field. So, our lectures and study material are designed to help you apply theory in a practical manner.

This is done by making full use of the technology available. Our faculty makes judicious use of animation so that students can visually understand concepts. As you know, people learn better if they can get a visual picture of the information presented.

The faculty who teaches this paper is CA Vikas Oswal. CA Vikas Oswal has over 12+ years’ experience in teaching auditing for CA Intermediate and CA Final students at ICAI and other private institutions. He is the author of one of the most definitive books on Audit for CA Intermediate/CA IPCC & CA Final students. His way of teaching concepts is dynamic, dramatic and entertaining. An FCA, he holds various diplomas like DISA and ACS.

India’s economic policies is being increasingly liberalised and global. So, several reforms in the Corporate Laws and Economic Laws of the country are being brought in on a continuous basis. This is  because it allows for vibrant corporate growth thus infusing more capital into the country.

As a qualified CA, you are expected to act as a business advisor and provide business solutions. As such, ICAI has designed this paper so that you develop familiarity with the latest laws concerning corporates and the economy. This will help you to best serve businesses that you are associated with.

Now, Parliament is in the process of continually updating its legislation. To remain current, ICAI updates its syllabus as per the passing of new such laws. That is why, we will also be updating our content to reflect any such changes in the syllabus. We provide these updates to you for free so that you do not have to look for and spend money on other learning resources.

Also, this paper involves a lot of theory. And students have a hard time in understanding theoretical concepts if they do not see how this is applied in the real world. That is why, we provide practical examples of case studies, along with graphical representations. This way, you will be able to grasp the nuances of the law as applied to practical matters.

The faculty who teach this paper are CS Dattari H.M and CA Rajiv Rabindran.

CS Dattatri teaches Corporate laws in this paper. He is a Company Secretary and Lawyer by qualification. He holds 2nd rank from Mysore University. Mr. Dattatri has over 16+ years hands on experience in corporate, legal, secretarial matters.  He was the Chairman of the Institute of Company Secretaries of India, Bangalore Chapter. His experience in such legal matters makes him a perfect fit for a faculty teaching corporate laws.

CA Rajiv Rabindran teaches the Economics Laws part of the paper. He has 12+ years’ experience in teaching in taxation and law at various chapters of ICAI. He is a Chartered Accountant by Profession, a Commerce graduate from Bangalore University, currently associated with PSDY & Associates, Kochi.

Many students refer to parts of this paper as simply costing or AMA (Old Syllabus). ICAI has introduced this paper Strategic Cost Management and Performance Evaluation because, as a CA, acting as a consultant, you will need to ensure that business keep their costs low and to improve their use of resources. You will also have to identify ways in which to increase revenue, analyse operations and suggest structural changes among other responsibilities. The concepts outlined in this paper help you develop these skillsets. It builds on the syllabus from paper 3 in CA Intermediate.

Students face two major difficulties with this paper:

• They find it hard to understand the concepts in general
• They feel that the paper is too lengthy, and it is difficult to attempt entire paper within 3 hours in the exam.

However, if you learn costing in the right way, you do not have to face these difficulties. In fact, concepts around costing are quite clear and logical if you take the time to understand them. And you can gain an easy exemption if you are clear in the concepts.

So that you gain a solid base, the faculty for this paper, CA Tarun Jagdish, emphasises conceptual clarity. He spends a lot of time in going over the fundamentals and applies them to various practical scenarios. After he goes over the concepts, he links them to relevant exam-oriented questions. He also encourages you to clear your doubts. You can use our doubt clearing facility where we forward your questions to the relevant faculty.

Also, the general advice in studying such material is for you to take an active approach. We encourage you take short notes while the lectures are being presented. This will help you in retaining these ideas in your memory.

CA Tarun Jagdish’s unique approach facilitated by LearnCab in teaching this material will surely help you understand costing at a deeper level! His 7+ years’ experience in practice and teaching at various esteemed academies is a great value add to the LearnCab faculty and community. He is a Chartered Accountant by Profession a partner at M/s. Tarun & Eshita, Chartered Accountants, Kozhikode. He is specialised in the field of Management Accounting and Strategic Financial management. This gives him the necessary expertise to teach Strategic Cost Management & Performance Evaluation paper at the CA Final level.

This is an elective paper depending on your interests. If your interest in the future is to pursue a career in high-risk competitive business where there are risks related to catastrophic exposures, fiduciary exposure, legal risks, financial crisis, etc., you might want to choose Risk Management as your elective. 

Learning these concepts of risk management in a graphically illustrated way helps you to understand this material at great depth. LearnCab helps with the study because the content is taught with an eye to improve conceptual understanding by means of using relevant graphics and animation. Not only that, LearnCab provides you with worked examples as well as sample papers so that you get an idea of what kind of questions are asked in the exam.

This will help you to solidify your understanding of these topics, as well as prepare you for your examination.

CA Venkat Seshan is the faculty for this subject at LearnCab. He is a Chartered Accountant by Profession and a Commerce graduate from Bangalore University. He holds a certification in SAP Governance, Risk and Compliance. Mr. Venkat Seshan has 20+ Years’ experience in the field of Risk Management. He has been awarded the prestigious and Competitive CA Professional Achiever Award, 2016 by Institute of Chartered Accountants of India.

Direct Tax (D.T.) is a very lengthy subject. Under D.T., you will have to understand the laws and procedures under Income-tax Act, 1961. This act has 298 sections and 14 schedules. They cover many areas such as the tax rates applicable (for individuals, companies other associations of persons), income earned by all three categories, planning tax, detecting tax avoidance and evasion, settlement of tax cases in case of non-compliance, etc. As D.T. is a major source of revenue for the government, it becomes very important for you as C.A. to be familiar with all the nuances of the law.

Compared with the Intermediate level, you will need to understand the provisions of this law in much greater depth.

The second part of the paper deals with the tax provisions related to International taxation (IT) or cross-border transactions. It is not enough to just have knowledge on tax provisions applicable to Indian citizens. It is equally important to know the tax provisions applicable to non-residents and companies that deal with import/export, banking companies, multinational companies and cross-border transactions.

That is why, this is a vast subject, and hence students face great difficulty in understanding concepts and recalling the relevant sections of the applicable law.

So, the faculty at LearnCab, help you to understand these provisions with greater ease. This is because they divide the sections of the IT Act into conceptual groups so that you can understand provisions/sections of the IT Act in relation to a particular concept.

Note that because this topic covers laws, if these laws change, the syllabus will be updated by ICAI. That is why, it is imperative that you keep up with the changing nature of legislation. LearnCab makes it easy for you to do this because we update our content as and when the syllabus changes. Best of all, we make this new material available to you at no additional cost!

CA Justin Raj and CA Jose Kurian are our faculty who teach the topics outlined in this paper. CA Justin Raj takes care of Direct Tax Laws while CA Jose Kurian teaches International Taxation (IT).

CA Justin Raj has over 8+ years' teaching experience in Direct Tax and Indirect tax for CA/CS/CMA students at all levels. He is a faculty at ICAI, Alleppey Chapter and visiting faculty at various branches of ICAI in Kerala. He is also a faculty at Shraddha Academy, Bangalore and other esteemed academies. He is a Chartered Accountant by Profession, currently practicing in Trivandrum.

As of July 1^st, 2017, Indirect Taxes like Excise Tax, Service Tax, Central Sales Tax and State-Level Tax, etc. all are subsumed under a single tax known as GST. This has become a paradigm shift in the Indirect Tax landscape of India. This has opened up a lot of opportunities for CAs. As a CA, you can undertake impact analysis of GST for various industries. Not only that, you may also explore the area of audit of financial statements under GST.

You can seize opportunities at a global level as well. This is because GST is one of the most widely implemented taxes worldwide. As such, you could easily decode tax laws of other countries and provide advisory services there.

The main challenge facing students is that this topic is new as compared to other subjects in CA Final. Because GST is a relatively new law, specific provisions/legislations are being updated constantly to address unforeseen difficulties in implementation. ICAI wants you stay up to date with your knowledge, and so they change the syllabus as and when such legislation becomes effective.

Our faculty who teaches this paper is CA Praveen Jain, who is energetic, young and sincere. He makes sure that his content stays current as per the latest legislation. The best part is that these changes are made available to you for no additional cost! So, you do not have to spend extra money for additional study material.

Not only that, learning laws and their application can be a bit tiring because it involves a lot of theory. Studies show that if theory is followed by practical applications, then you retain the theory in memory for longer. That is why, CA Praveen Jain gives a lot of real-life examples when teaching. Lengthy definitions are broken down into smaller segments, so each word of the law is understood and interpreted correctly.

The videos thus, are crisp, concise and engaging. By making use of graphs and charts, you are better able to recall and apply the various provisions of law.

As mentioned, CA Praveen Jain is the faculty for Indirect Tax Laws and GST. He has 5+ Years teaching experience at various esteemed academies and institutions and is a Chartered Accountant by Profession. A partner at RaguPrashanth & Associates, Chartered Accountants, Coimbatore, he has hands on experience in the field of Indirect Taxation. This makes him a perfect fit for teaching this subject at the CA Final level.