Companies Act is the base for many other laws. It links and incorporates various acts, such as Labor laws, Income tax, Indirect tax laws etc. Hence having the knowledge and in-depth understanding of Corporate law and its legal provisions are very important for Cost Accountants.

To emphasize on good corporate governance, the law is made stricter and companies are expected to comply with the Act.  Good Corporate Governance ensures Accountability, Transparency, Disclosure and ethical practices. The syllabus for CMA Final includes Corporate Governance Concepts, Principles, and Practices in India expected to be complied by the companies.

In CMA Intermediate, you have learned about the company types, promotion and about the Board of Directors. At CMA Final, Company law gives you brief insights of Company formation, conversion, Investment and Loans, Dividends, Accounts and Audit, Directors & KMP, Board Meetings, Inspection, oppression, and mismanagement, Winding up and NCLT.

CMA Final Online video lectures of LearnCab have taken the effort to provide in-depth knowledge on the above areas including various legislations like SEBI, FEMA, Competition Act, etc as applicable to CMA Final syllabus.

CMA Final Online video lectures of LearnCab provides comprehensive lectures on:

• Companies Act, 2013 and Insolvency and Bankruptcy Code, 2016.
• SEBI laws and Regulation, The Competition Act, 2002 and its role in Corporate Governance, Foreign Exchange Management Act, 1999, Laws related to Banking Sector and Laws related to Insurance Sector.
• Corporate Governance and Social, Environmental and Economic Responsibilities of Business.

CMA Final students are expected to be thorough in capital budgeting for giving better management decisions. It includes capital rationing, sensitivity analysis, leasing decisions, and sale and leaseback decisions etc.

Students should learn to identify and manage the risk associated with Finance i.e credit risk, insolvency risk, equity risk, currency risk, interest rate risk and foreign investment risk. Students should understand that better risk management techniques provide early warning signals that help companies address risk in time.

CMA Final Online video lectures of LearnCab introduces you to various foreign exchange accounts, forecasting future exchange rate, Capital Markets, Commodity exchange, Exchange rate theories, the risk involved in foreign rates and hedging of currency risk.

LearnCab also solves ample of problems and helps you solve the problems by applying theoretical knowledge.

CMA Final Online video lectures of LearnCab provides comprehensive lectures on-

• Investment Decisions, Project Planning and Control, Evaluation of Risky Proposals for Investment Decisions and Leasing Decisions.
• Institutions in Financial Markets, Instruments in Financial Markets, Capital Markets and Commodity Exchange.
• Security Analysis & Portfolio Management
• Financial Risks & Management, Financial Derivatives – Instruments for Risk Management and Financial Risk Management in International Operations.

In short, having a strategy to manage the cost, helps long term sustainability of organizations.

This subject enables students to understand the application of strategic cost management techniques like the Learning curve, Simulation, CPM/PERT in making business decisions.

CMA Final Online video lectures of LearnCab strives to develop skills of analysis, evaluation and synthesis in cost and management accounting. Online video lectures of LearnCab provide an in-depth discussion on costing systems and activity-based costing, activity management, and implementation issues in modern costing systems including the application of Operation Research in Strategic Decision Making.

CMA Final Online video lectures of LearnCab provides comprehensive lectures on-

• Cost Management - Life Cycle Costing, Business Process Re-engineering, Value Analysis, and Value Engineering, Cost Control and Cost Reduction.
• Strategic Cost Management Tools and Techniques - Decision-Making Techniques, Standard Costing in Profit Planning, Activity-Based Cost Management - JIT and ERP, Cost of Quality and Total Quality Management.
• Strategic Cost Management –Application of Operation Research and Statistical Tools and techniques in Strategic Decisions Making.

Direct Tax laws comprise of law and procedures under the Income-tax Act, 1961. The CMA Final students need to be aware of various provisions and tax implications on the income earned by individuals and in the hands of various entities including the case laws governing core provisions of the Act.

With the increased cross border transactions, the government has entered into tax treaties with various countries to avoid double taxation for a single transaction, hence knowledge of International Taxation is crucial. CMA Final students are expected to be well versed with International taxation to provide the correct advice and to ensure compliance with applicable law.

Direct tax laws undergo significant changes every year with the passing of the Finance Act. Students are expected to be updated with notifications, circulars, clarifications, and decisions pronounced by various courts.

CMA students should pay special attention to:

• Clubbed income (earned by spouse and child)
• Assessment of various entities (partnership, LLP, IFSC, Life insurance business, Business trust, company, MAT, AMT, SPV, AOP, BOI)
• Special rates applicable to companies and relevant surcharges
• Advance Ruling
• Business Restructuring
• Assessment procedure, settlement of Tax cases, Penalties and Penalties
• Taxation of non-resident, Double taxation and Avoidance Agreements
• Transfer Pricing
• Tax Planning and Tax Management

CMA Final students should be well versed with various exemptions, incentives, relief available to the taxpayers to guide clients in tax saving and tax planning.

CMA Final Online video lectures of LearnCab provides you a comprehensive study on –

• Advance Direct Tax Laws - Assessment of income and Computation of tax liability of Various Entities, Tax Management, Return and Assessment Procedure, Grievance Redressal, Penalties and Prosecutions, Business Restructuring, Different aspect of Tax planning, CBDT & Other Authorities, E-commerce Transaction and liability in special cases, Income Computation and Disclosure Standards (ICDS) and Black Money Act, 2015
• International Taxation - Double Taxation and Avoidance Agreements and Transfer Pricing
• Case Study analysis

Online video lectures of LearnCab solve major case studies that assist CMA Final students in solving problems in practical scenarios.

Financial Reporting assists in preparing and interpreting the information contained in the financial statements in conformity with Ind AS. Financial Reporting helps to Analyze the impact of GAAP and its application for reporting and compliances.

CMA Final Online video lectures of LearnCab helps you understand the application of Accounting Standard in preparing Financial Statements and assist in evaluating financial statements for strategic decision-making. LearnCab also explains, Valuation of share, share-based payments, NBFC accounting and Government Accounting and Government Accounting Standards.

 CMA Final Online video lectures of LearnCab provides comprehensive lectures on-

• GAAP and Accounting Standards
• Accounting of Business Combinations and Restructuring
• Consolidated Financial Statements
• Recent Trends in Financial Reporting, Valuation, Accounting and Reporting of Financial Instruments and Others, Share-Based Payments and Reporting through XBRL.
• Government Accounting

With GST, there has been a paradigm shift within the tax landscape of the country. GST aims to form India, a standard market with common tax rates and procedures and take away the economic barriers thus paving the way for an integrated economy at the national level. It follows the mechanism where tax is collected at every stage and the credit of tax paid at the previous stage is available as a set-off at the next stage of the transaction.

Being the newest enactment, GST law is coupled with its inherent dynamism, making the subject interesting and challenging. CMA Final students are expected to be updated with the practical aspects and complexities in GST and Custom laws which is much required in advising and recommending solutions in practical scenarios.

CMA students should pay special attention to:

• Place, time and value of supply
• Exemptions from GST, Reverse Charge
• ITC, E-way bill
• Import and Export under GST
• Assessment and Audit
• Demand and Recovery
• Advance Ruling
• Anti-profiteering
• Valuation under customs act, Duty drawback, Refund
• Warehousing, Baggage
• Schemes under FTP

CMA Final Online video lectures of LearnCab provides you a comprehensive study on –

• GST - An Introduction, Levy and Collection of Tax, Classification of Goods and Services, Supply under GST, Charge of GST, Exemptions from GST, Place of Supply, Time of Supply and Value of Supply, Input Tax Credit, Registration, Tax Invoice, Credit and Debit Notes, Accounts and Records; E-way Bill, Payment of Tax and Returns, TDS, TCS, Import And Export Under GST, Refund, Job Work, Assessment And Audit, Inspection, Search, Seizure And Arrest, Demands And Recovery, Liability to Pay Tax in Certain Cases, Offences And Penalties, Appeals And Revisions, Anti-profiteering.
• Customs - Levy of and Exemptions from Customs Duty, Types of Duty, Classification of Imported and Export Goods, Valuation under the Customs Act, 1962, Importation, Exportation and Transportation of Goods, Duty Drawback, Warehousing, Baggage, Refund, Search, Seizure, Confiscation, and Miscellaneous Provisions and Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017
• Foreign Trade Policy - Basic Concepts relating to Export Promotion Schemes under FTP.

Online video lectures of LearnCab solve major case studies that assist CMA Final students in solving problems in practical scenarios.

Risk is perceived as the probable adverse impact of action i.e. probability of adverse impact of a threat and its impact of resource losses. In business, the risk may be Fraud risk, Reputation Risk, Compliance Risk, Market Risk, Legal Risk, Insolvency Risk, Credit Risk, Price fluctuation Risk, etc. Hence managing risk is very important in every company. Risk management is that the process of measuring or assessing risk and developing strategies to manage it. Better risk management techniques provide early warning signals that help companies address risk in time.

Business valuation is an activity conducted to estimate the fair market value of a business interest in the given point of time. Business Valuation is conducted at the time of the merger, amalgamation, acquisitions, IPO, shareholder’s dispute settlement, non-arm’s length transactions. The fundamental role of valuation is to offer a base for negotiation between buyer and seller.

CMA Final Online video lectures of LearnCab has made an effort to give the relevance of Performance Management in strategic decision-making and to evaluate the risks associated with strategies of an organization. It also explains various Business Valuation techniques and gives an overview of various Business Valuation models.

CMA Final Online video lectures of LearnCab provides comprehensive lectures on-

• Strategic Performance Management - Conceptual Framework of Performance Management, Performance Evaluation & Improvement Tools, Economic Efficiency of the Firm, Performance Analysis and Enterprise Risk Management.
• Business Valuation - Business Valuation Basics, Valuation Models, Valuation of Assets and Liabilities and Valuation in Mergers and Acquisitions.

Cost Accounting Standards are guidelines for the companies that specify the cost accounting treatment for various cost elements, minimum disclosure requirements and ensure the comparability, consistency, and completeness of cost records.

The study of this paper helps CMA Final students to understand - Who are required to maintain cost records and manner of preparing and maintaining cost records, when is cost audit required to be conducted, what is the format of the cost audit report and what are the professional ethics expected from cost accountants.

Cost Audit helps Cost Accountants to recommend the desired course of action for optimal utilization of scarce resources which can lead to improving the productivity and profitability of an organization.

Management Audit is the total examination of the transaction of an organization and includes checks on the effectiveness of managers, their compliances with the company on professional standards, the reliability of management functioning, the quality of performance of duties and recommendations for improvement.

It helps management in framing basic policies for the organization, designing and reviewing MIS, analyzing SWOT in decision making for the smooth operation of the organization.

Knowledge of Auditing and possessing professional ethics is pivotal in conducting Audit. This paper guides CMA Final students to acquire and follow the Auditing standards and follow professional ethics while carrying on Audit.

CMA Final students are expected not only to acquire professional knowledge but also build the ability to apply such knowledge in practice. Students are expected to develop professional skills i.e intellectual and communication skills along with acquiring knowledge.

CMA Final Online video lectures of LearnCab provides an in-depth study of cost audit and management audit and manner of evaluating the performance of an organization through cost accounting records and cost audit reports.

CMA Final Online video lectures of LearnCab gives brief outlines of the study of internal audit, the audit of hospitals, hotels, educational institutions, co-operative societies, self-help groups, non-governmental organizations, municipalities, corporations and panchayats.

 CMA Final Online video lectures of LearnCab provides comprehensive lectures on-

• Cost Audit - Nature, Scope, utility and Advantages of Cost Audit, Companies (Cost Records and Audit) Rules, 2014, Professional Ethics, Misconduct, Offences and Penalties, Cost Accounting Standards, Cost Auditing and Assurance Standards and Format of Cost Audit Report.
• Management Audit - Management Reporting issues under Cost Audit, Performance Appraisal Report, Need for Management Audit and Reporting under Management Audit, Energy Audit, Efficiency Audit, Propriety Audit, and Systems Audit, Evaluation of Corporate Image, Corporate Development Audit, Corporate Strategy Audit and Impact of environmental pollution i.e Social analysis , Corporate Social Audit and Safety audit.
• Internal Audit, Operational Audit, Audit Planning, Audit Programme, Audit working papers, Reporting to Management, Receivables Audit, Audit of Hospitals, Hotels, Educational Institutions, Co-operative Societies, Self Help Groups, Nongovernmental Organizations (NGOs), corporations, Municipalities, Panchayats.d. Case Study on Performance Analysis.