Thursday, April 23, 2009
Tuesday, April 21, 2009
-Comparison-
A common problem faced by students in exam time is of comparion. When we talk to our friends invariably one question comes up from the most desperate student of the group,' Kitna ho gaya yaar" If his preparation is above your expectations(which is always more or less exaggerated), you land yourself in a whirlpool of dilemma, tension....
What can be the reason for this::
A person is good because either he is good or he lacks the courage to be bad.
I know you are good because you are good. So as your inherent nature goes, you tend to see the good things in others without counting on the bad/wrong doings and compare it with your package. This develops a "complex". Sounds discouraging, hard to digest , but need to gulp the facts.
One cannot analyse the exact position of other's preparation. Its something like comparing the ROI of one company with turnover ratio of other, which can give no result.
So the final mantra... " Don't Discuss Studies"
There are a zillion things to learn and talk about, but a few needs deserve a veil such as your wealth, mates, preparation etc. As they say, "Nazar lag jati hai".
So don't be overzealous, to share your preparations with others otherwise it may amount to"Aa Baill mujhe mar"
What can be the reason for this::
A person is good because either he is good or he lacks the courage to be bad.
I know you are good because you are good. So as your inherent nature goes, you tend to see the good things in others without counting on the bad/wrong doings and compare it with your package. This develops a "complex". Sounds discouraging, hard to digest , but need to gulp the facts.
One cannot analyse the exact position of other's preparation. Its something like comparing the ROI of one company with turnover ratio of other, which can give no result.
So the final mantra... " Don't Discuss Studies"
There are a zillion things to learn and talk about, but a few needs deserve a veil such as your wealth, mates, preparation etc. As they say, "Nazar lag jati hai".
So don't be overzealous, to share your preparations with others otherwise it may amount to"Aa Baill mujhe mar"
Thursday, April 16, 2009
Word of Caution
The basic objective of giving you the strategic areas is to lay the strong foundation and give you the initial momentum in the exam based on which you can build up the entire scorecard. Certainly in no case it should be viewed as an access to the examination paper. Mind it, I have mentioned the name of the chapters and not the questions. Had it been possible then i would have called all of you few hours before the exam and give you the solution itself. Based on the strategic areas, you can put yorself in a comfy position to score in the range of 40-50 in the first hour, and use the rest for making the best of the opportunity to come to the level of 70-100.
Strategic Areas for FM- PCC June' 09
1. Theory:
Basic Aspects of financial management; profit maxm vs. wealth maxm. ; Functions of a CFO; Methods & Tools of Financial Management; Organisation chart of finance function.
Bridge Finance; Pledge & Hypothecation; GDRs, ADRs & FCCB; Euro Convertible Bonds; Euro Issues; Zero Coupon Bonds; Option Bonds; Double Option Bonds; Inflation Bonds; Floating Rate Bonds; Pre & Post Shipment Finance; Seed Capital Assistance
2. Debtors management + Theory on working capital management from class notes(No.1-18)
3. EBIT Break even point; Leverages; Cost of Capital with CAPM + Arbitrage process and other theorotical areas from the book (on Cost od Capital & Capital Structure)
4. Ratio Analysis ; Funds Flow & Cash Flow Statements ( Book given on the chapter in the Advance A/Cs classes will be sufficient)
5. Capital Rationing; Social Cost Benefit Analysis.
NPV & IRR
Basic Aspects of financial management; profit maxm vs. wealth maxm. ; Functions of a CFO; Methods & Tools of Financial Management; Organisation chart of finance function.
Bridge Finance; Pledge & Hypothecation; GDRs, ADRs & FCCB; Euro Convertible Bonds; Euro Issues; Zero Coupon Bonds; Option Bonds; Double Option Bonds; Inflation Bonds; Floating Rate Bonds; Pre & Post Shipment Finance; Seed Capital Assistance
2. Debtors management + Theory on working capital management from class notes(No.1-18)
3. EBIT Break even point; Leverages; Cost of Capital with CAPM + Arbitrage process and other theorotical areas from the book (on Cost od Capital & Capital Structure)
4. Ratio Analysis ; Funds Flow & Cash Flow Statements ( Book given on the chapter in the Advance A/Cs classes will be sufficient)
5. Capital Rationing; Social Cost Benefit Analysis.
NPV & IRR
Auditing follows...
Monday, April 13, 2009
Costing CA(PCC) June'09 Exam: Strategic Areas deserving special attention
1. Byproducts & Joint products
2. Operating costing
3. Reconciliation of Cost & Financial A/Cs
4. Levels of Materials + Theory from class notes
5. Idle time, Labour Turnover + Theory from class notes
6. Treatment of under/over recovery of overheads + theory from class notes
7. Flexible Budgeting
8. Marginal Costing (Only the class notes will suffice)
2. Operating costing
3. Reconciliation of Cost & Financial A/Cs
4. Levels of Materials + Theory from class notes
5. Idle time, Labour Turnover + Theory from class notes
6. Treatment of under/over recovery of overheads + theory from class notes
7. Flexible Budgeting
8. Marginal Costing (Only the class notes will suffice)
FM Follows..
Sunday, April 12, 2009
The Human Mind
In Hindu Mythology.. it is well said that the early morning dreams generally come true. Guess WHY??
Is this without a basis?
The definite answer is "NO"
There is a science behind it. Human Body has two minds namely external and internal. External mind is based on which we act and react in normal life e.g. when we study a particular subject, the process of understanding, learning and application is done by our external mind. Internal mind is generally understood as what we say "Subconscious Mind". This functions even when we are sleeping. This you can appreciate by the simple fact that while you are sleeping if a mosquito is disturbing, you just try to push it away for the reason that your internal mind is awakened and instructs you to do so.
It is an established fact that when external mind sleeps, internal mind is then awakened and whatever is there in our external mind that is transmitted to internal mind. In other words, what we are thinking at the time of sleep, that thought remains in process but now it is in our internal mind. Internal mind keeps on processing with the passage of time and this gets fully activated after few hours i.e. in early morning. Since internal mind travels faster than time, we could see the future happening on the same thought by means of early morning dream. This is a science behind what we say that early morning dreams generally come true. Truely speaking it is this science which is practiced and mastered by saints ( which they term as "awakening" ) wherein they successfully instruct their internal mind to travel faster than time and then they predict/ tell future of their subjects/ clients/ disciples/ followers.
Now the million dollar question: How it is linked with us?
This science we can fruitfully apply while chalking out our study program for the day. It is recommended that we should study theory subjects like auditing and law in the night, preferably few hours before sleeping time so that the text studied is being transmitted to the internal mind. It will help you in retaining it for a longer period of time. You can put it in this way that you have given the command "SAVE" to your mechanism. Thereafter it will act as a relay when you will wake up it will be transferred back to your external mind with the cementing effect.
There is another theory substantiating this philosophy. Our efficiency has an inverse relationship with the movement of the sun. When the sun is at peak, in the noon, our efficiency level is at the bottom. After sunset the graph of our efficiency starts rising and it is at the peak at around midnight. Since more efforts and pain are involved while studying , grasping and retaining the theory subjects, they should be studied at the time when our efficiency is at the peak. Practical subjects like accounts, FM stc. are more of repetitive nature and thus at times ater grasping the concept become more mechanical in nature. Therefore, should be studied during the other part of time schedule.
Try this for 7-10 days, Hope you will see improvement, if not wonders, in your efficiency.
Waiting for your comments and queries..
Is this without a basis?
The definite answer is "NO"
There is a science behind it. Human Body has two minds namely external and internal. External mind is based on which we act and react in normal life e.g. when we study a particular subject, the process of understanding, learning and application is done by our external mind. Internal mind is generally understood as what we say "Subconscious Mind". This functions even when we are sleeping. This you can appreciate by the simple fact that while you are sleeping if a mosquito is disturbing, you just try to push it away for the reason that your internal mind is awakened and instructs you to do so.
It is an established fact that when external mind sleeps, internal mind is then awakened and whatever is there in our external mind that is transmitted to internal mind. In other words, what we are thinking at the time of sleep, that thought remains in process but now it is in our internal mind. Internal mind keeps on processing with the passage of time and this gets fully activated after few hours i.e. in early morning. Since internal mind travels faster than time, we could see the future happening on the same thought by means of early morning dream. This is a science behind what we say that early morning dreams generally come true. Truely speaking it is this science which is practiced and mastered by saints ( which they term as "awakening" ) wherein they successfully instruct their internal mind to travel faster than time and then they predict/ tell future of their subjects/ clients/ disciples/ followers.
Now the million dollar question: How it is linked with us?
This science we can fruitfully apply while chalking out our study program for the day. It is recommended that we should study theory subjects like auditing and law in the night, preferably few hours before sleeping time so that the text studied is being transmitted to the internal mind. It will help you in retaining it for a longer period of time. You can put it in this way that you have given the command "SAVE" to your mechanism. Thereafter it will act as a relay when you will wake up it will be transferred back to your external mind with the cementing effect.
There is another theory substantiating this philosophy. Our efficiency has an inverse relationship with the movement of the sun. When the sun is at peak, in the noon, our efficiency level is at the bottom. After sunset the graph of our efficiency starts rising and it is at the peak at around midnight. Since more efforts and pain are involved while studying , grasping and retaining the theory subjects, they should be studied at the time when our efficiency is at the peak. Practical subjects like accounts, FM stc. are more of repetitive nature and thus at times ater grasping the concept become more mechanical in nature. Therefore, should be studied during the other part of time schedule.
Try this for 7-10 days, Hope you will see improvement, if not wonders, in your efficiency.
Waiting for your comments and queries..
Friday, April 10, 2009
June'09: CA(PCC) Accounts exam : strategic areas which need special attention
Strategic Areas*:
1. Branch Accounts: Independent Branches (Including Foreign Branches)
Stock & Debtors System (Invoice price method)
2. Accounting Standards: 1, 4, 7, 9 19, 20, 26, 29
3. Partnership Accounts: Insolvency
Piecemeal Distribution of Cash
Past adjustments
4. Single Entry
5. Investments Accounts
6. Liquidation
7. Funds Flow & Cash Flow Statements (Only Booklet will suffice)
8. Double Accounts System: Treatment of replacement
9. Banking Co. Accounts: NPAs & their provisioning
Simple questions on P&L A/c
10. Accounting in computerised environment
* Completely based on the trend analysis by the author
Note: 1. Cost Accounting to follow...
1. Branch Accounts: Independent Branches (Including Foreign Branches)
Stock & Debtors System (Invoice price method)
2. Accounting Standards: 1, 4, 7, 9 19, 20, 26, 29
3. Partnership Accounts: Insolvency
Piecemeal Distribution of Cash
Past adjustments
4. Single Entry
5. Investments Accounts
6. Liquidation
7. Funds Flow & Cash Flow Statements (Only Booklet will suffice)
8. Double Accounts System: Treatment of replacement
9. Banking Co. Accounts: NPAs & their provisioning
Simple questions on P&L A/c
10. Accounting in computerised environment
* Completely based on the trend analysis by the author
Note: 1. Cost Accounting to follow...
Thursday, April 9, 2009
Monday, April 6, 2009
Friday, April 3, 2009
The Day's Updesh
Happy Ram Navmi to all, which asks for a day off for our stock marketers and also for the students, no CA class today. But our blog will go on to serve its clients (niswarthly).
Here comes the Day's Updesh:
0 Up or 100 Down approach, when you start the exam our target should not be attempting a 90-100 marks paper but try score a confirmed 40+ first, second target 50+ and then it reaches out to 100. This is named 0 up approach because we start with 0 in hand reach a comfy 40, a good 50 and then a succssful 60-100. As against 100 down approach where we start aiming a 100 (Aiming high is in genes of a CA student), when we are not able to solve 1 question and we find something less tempting in our way ahead we loose confidence and ruin the exam. In literal sense, you fire with your AK47 at each of the laddoos offerred to you in the exam.
We see a ghost of the waving curtain in dark, its our perception. Mind It!
With this technique just say the given shlok on ram navmi to the ghost.. surely will help
"Jai Ram Ji Ki"
Here comes the Day's Updesh:
0 Up or 100 Down approach, when you start the exam our target should not be attempting a 90-100 marks paper but try score a confirmed 40+ first, second target 50+ and then it reaches out to 100. This is named 0 up approach because we start with 0 in hand reach a comfy 40, a good 50 and then a succssful 60-100. As against 100 down approach where we start aiming a 100 (Aiming high is in genes of a CA student), when we are not able to solve 1 question and we find something less tempting in our way ahead we loose confidence and ruin the exam. In literal sense, you fire with your AK47 at each of the laddoos offerred to you in the exam.
We see a ghost of the waving curtain in dark, its our perception. Mind It!
With this technique just say the given shlok on ram navmi to the ghost.. surely will help
"Jai Ram Ji Ki"
Wednesday, April 1, 2009
Short to Medium Term BUY
GT Offshore in range of 245-250
IDBI @ 46-47
PNB @ around 400
Market expected to open high at around 1% levels
"Happy New Year"
Happy New Financial Year
Events to Watch :
Obama - Manmohan Singh Meet
Elections
Results of Corporate India
Because of these ensuing events, The market is expected to be volatile with alternate bouts of buying and selling. Our opening balance is NIL. At present the policy is to wait and watch. "NO" fresh commitments till 11:30 am. Market to be reviewed after that. Its very difficult to monitor the exit calls so depending upon your risk appetite, you are requested to book profits in the range of 7-20%.
Events to Watch :
Obama - Manmohan Singh Meet
Elections
Results of Corporate India
Because of these ensuing events, The market is expected to be volatile with alternate bouts of buying and selling. Our opening balance is NIL. At present the policy is to wait and watch. "NO" fresh commitments till 11:30 am. Market to be reviewed after that. Its very difficult to monitor the exit calls so depending upon your risk appetite, you are requested to book profits in the range of 7-20%.
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