CMA Inter Group 2 Company Accounts & Audit: Paper 12

Name of the subject, faculty and Video hours

Company Accounts: Prof. Sanjay Welkins teaches the subject. The total duration of the video is 82 Hrs.
Audit: CMA Nikhil Gupta teaches the subject. The total duration of the video is 40 Hrs.

The subject aims to test the following strengths of the student:

Understanding of the basic concepts of Company Accounts.
Understanding the framework of the financial statement that covers several pronouncements of professional standards along with their applicability.
Preparation of the financial statements that are needed by the applicable statutes. The financial statements shall be prepared relatively, keeping in mind the reliability and understanding of the shareholders.
Understanding of the basic terms of Audit
Understanding the different rules, regulations and guidelines set up by the audit industry.

As per the ICMAI, the Company Accounts & Audit has two sections:

Section A: Accounts of Joint Stock Companies (50%)

Accounting of Shares and Debentures
Presentation of Financial Statements (as per Schedule III)
Cash Flow Statement
Accounts of Banking, Electricity and Insurance Companies
Accounting Standards (AS – 11, 12, 15, 16, 17, 18 and 19)

Section – B: Auditing (50%)

Auditing Concepts
Provision relating to Audit under Companies Act

Why take Pen Drive video Classes from CD Classes?

Our Pen Drive video classes are one of the best in the country due to the following reasons:

Up-to-Date Syllabus: Our study material for CMA is at par with the current CMA Guidelines. Moreover, the past question papers are also kept in mind while preparing the curriculum.

Teaching Faculty: The faculty teaching the CMA subjects is highly professional and have both extensive knowledge and experience when it comes to teaching challenging subjects.

Previous Results: The past results and records for our students were excellent. Most of the students who took our Pen Drive video classes have cleared the paper in one go. Moreover, our overall feedback is outstanding.