CMA Community

1:Collaboration:Creat partnership with other firms.

2:Distribute work :appointment staff or distribute your work to other partner.

3:Specialization:Make yourself specialized in some field.

4:Innovation:Places a strong emphasis on innovation.Collection of programs designed to generate creative solutions in various industries

5:Performance:A top company has demonstrated strong performance through tangible results for client

6:Brand/status:Established a strong brand as a result of its success.

7:asseibility:Creates accessibility by offering a wide variety of options. A significant element of its strategy is growth through acquisition. This has enabled it to add many capabilities to its portfolio.

1st step is to create a emergency fund.Emergency fund=every month expenses*6.This fund is useful if you are jobless or financial crises in business. Store the emergency fund in FD. Best FD is bajaj finance.you can get 8-9% interest.

2nd step is to devide your money into 3 category 50%need,20%want & 30%investment.

3rd step is insurance is a need. You must have to do health,term,and house insurance. If you have daughter you can do sukanya samredhee yojna and if you have son you can do Lic child education and mirage insurance.

4th step is to invest you money in NPS for old age purpose.invest 10-15% money in mutual fund.5% invest your money is gold in your portfolio because if the share rate decrease than gold rate will be increase.Mutual fund and gold investment use to achieve your long term goal. Example :making your own dream house, Setup your own business, Renting house etc.

5th step is always expense under your budget.Stick to your investment and insurance for long time.

Devide your income into 3 category. i):50%Need,ii)20%Want,iii)30%Shaving and investment

1:NPS:(National Pension Scheme) is the best and secure option by government for employee. It gives 10% return.It is the best long term investment for and regular income.60% of corpus money you get at age of 60 & 40% you get by corpus. SBI, LIC & HDFC are best option for NPS.

2:Mutual Fund: It is an excellent option of investment now a days,14-15% you get by mutual fund. You can do it by SIP(systamatic investment plan) which is secure by government.Benifit:Moderate risk & high liquidity.its better to do mutual fund online alone sothat you can save 1% commission brokerage charge.

3:Digital Gold : Now a days Digital gold are the best option to invest. Golds investment are very traditional in India. You can save making charge, security charge,cleaning gold after a time and selling charge. It is also secure by bank. Platform of digital gold :paytm,phone pay. Benefit :High liquidity, low risk, high return.

4:FD (Fixed Deposit) :In normal bank you can get 6-7% return in a year.But if you are doing AAA rated company fd you can get 8-9% return.AAA rated company are highly secure like a bank. Best Company in India with high return is Bajaj finance.. Which gives 8-9% return.The amazing thing is your money increase by compounding effect,which is 8th wonder of the world.

All these insurance are need to do for a person.The person may be a job person or a business owner. LIC is the best for insurance (highly recommend )

1:Term insurance :with in 10k invest in year your family can get insurance of 1 core after your death.age limit it 20-60 age.

2:Health insurance :Helath insurance is must.hospital charge lots of money now a days in disease. You can go to debt if you are not doing health insurance. Yearly you have to pay only 6000 rupee and you can secure your health.

3:Sukanya samridhee yojna:Excellent option for daughter. You Get 15% return with monthly 1k. Minimum you have to invest 500 year regularly other wise you have to give penalty.

4:Child mirage &education insurance :It is best insurance for male child.3 time at the age 18-25 child get money in small little part. At the age of 25 son get the whole money for his education or mirage.

5:Home insurance :Home insurance is must.All must have to do home insurance.Yearly the payment amount is only 6000 to insure your home.very less amount of people have done home insurance in India.

1:Foundation

2:Intermediate

3:Articleship

4:Final

5:Membership

6:Job/Practicing

1:Deloitte- is accure number one position in big 4.Its annual revenue is 35billion$.It is a consultantany firm.

2:PWC-is accure 2nd position in big 4 and between world all accounting firm. It’s annual revenue is 32billion$.It is a service providing firm.

Partnership firm :Devide the share between partner. So that risk will be devided. But conflict also increase in partnership firm due to authority and decision making, so it is recommended that at the starting phase of practicing you have to work with partner.After some experience you should start your own proprietorship firm.

Ownership firm:Give salary to staff (ex, Cma inter or final student or b.com,mba,bba,m.com etc student ).Also you can provide minimum level of share (ex,5-10%)so that he/she can think for company welfare and profit as a owner point of view. It’s give tremendous result. If you have money then you can easily manage staff otherwise you have do all work alone.

Get client :You can’t not directly advertise by banner and poster for firm. You can give your visiting card to your client. Starting phase you have to take your laptop and go near client and give some free sample and convince for work. Then if your work is good then you can get reference by which you can enlarge your client base.

THANK YOU TO VISIT OUR WEBSITE….PLEASE COMMENT IF ANY DOUBT RELATED TO COST ACCOUNTING PRACTICING..

1: Analysis the past year question paper of all subject .

2:Find the repeated chapter in previous year question paper.

3:Theory portion practice point wise and practical paper practice step wise in book or scanner.

4:Practice and revision everyday .

5:Maximum questions ask in books so prepare in book properly and update with new amendment.

6:If you want to score good marks without coaching and don’t want to give fee to teacher then go for YouTube free class video.its really helpful.

7:For short question preparation go for scanner.

8:Most important practice previous year question paper.

9:Reference:Book,Scanner…DT, IDT You can solve in scanner problem, other practical subject book example are sufficient.In theory subject or and other subject shot note it’s better to follow scanner than book.The reason is you can get important question directly which comes in exam by scanner.

Thank you to visit our website… If any doubt please comment below.

1:CMA practioner and student are able to work from home.

2:Self dependent culture start during these day which is direction towards startup and self business.

3:Many amendment will renew or change.

4:New syllabus will come after Covid-19 end.

5:Many business and startup will grow this period.

1:Take the membership and employee benevolent fund after final.

2:Make a good relationship with your profession friend,boss and client.

3:Target for big target like cost audit and record, big gst work internal and foreignsic audit.

4:Don’t feel alone if you are practicing,colaborate with other CA and cs firm. Keep touch with senior and teacher .

5:Never forget your family because it’s extremely necceesary.

6:Maintian and check your mental and physical health daily.

7:Side income :i) You can rent house for family and creat a chamber for student by consult architecture with in minimum budget.ii)Go for Lic agency/advisory work.its an excellent option for you.iii)Start part-time teaching /coaching class of +2,+3 and CMA student.

8: If you are doing job and want to practice in future then from now creat a client base in your locality and try to maintain them through online and offline activity.

Thank you to visit our website…please comment if any doubt.