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CMA Inter – Financial Accounting

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Classes(F2F) on

Tue, Thurs, Sat
At 11:30 AM

CMA Prakesh Sharma

Financial Accounting


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Course Overview

Financial Accounting

The main objective of introducing Financial accounting in CMA Inter is to gain understanding and to provide working knowledge of accounting concepts, detailed procedures and documentation involved in financial accounting system

The syllabus aims to test the student’s ability to:

  • Understand the framework of accounting systems and the Generally Accepted Accounting Principles.
  • Prepare necessary financial statements related to different business entities.
  • Construct financial statements for understandability and relevance of stakeholders.
Get Expertise in Financial Accounting at PSC

It is possible to score great marks in Financial Accounting as you will be mentored at PSC with Full length online video classes and face to face, regular test series and comments thereon.


ICMAI structured the syllabus as Section -A, B, C, D which covers 100 Marks in CMA Exams.

SECTION – A: Accounting – Basics [25 Marks]
  • Fundamentals of Accounting
  • Accounting for Special Transactions
SECTION – C: Self Balancing Ledgers, Royalties, Hire Purchase & Installment System, Branch & Departmental Accounts[20 Marks]
  • Self-Balancing Ledgers
  • Royalties, Hire-Purchase and Installment System.
  • Branch and Departmental Accounts
Section – B: Preparation of Financial Statements [40 Marks]
  • Preparation of Final Accounts of Profit Oriented organizations, Non-Profit Organizations and from Incomplete Records.
  • Partnership Accounts
Section – D: Accounting in Computerized Environment and Accounting Standards [15 marks]
  • Overview of Computerised Accounting.
  • Accounting Standards (Specified only)

About Faculty

CMA Prakesh Sharma

CMA PRAKASH SHARMA is associate member of INSTITUTE OF COST ACCOUNTANT OF INDIA since year2014. He completed his CMA final in year 2013 and was placed among merit  holders . He has always secured distinction/exemption marks in ACCOUNTS at inter and final level exams of ICMAI. He has also done MASTER OF ECONOMICS from IGNOU with highest marks in DEVELOPMENT ECONOMICS and MICRO ECONOMICS MATHEMATICS.


He did his graduation in year 2005 from DELHI UNIVERSITY. He has worked with a cost accountancy firm NAVEEN GUPTA AND ASSOCIATES for 4 years during  2011-2015. 

He is regular faculty of NIRC OF INSTITUTE OF COST ACCOUNTANT OF INDIA since year 2014 till now and has taught ECONOMICS, ACCOUNTANCY and COSTING at foundation/inter final level exam of ICMAI. 

He is teaching CMA students since year 2013 and always believe that strong theoretical base is necessary before directly jumping to numericals. His concepts notes are popular among students.

What makes Priyanka Saxena Classes a better choice?

  • Course curriculum taught and designed by industry professionals

  • One week free trial

  • Teaching process is up to date on the current industry

  • Regular test series

  • 100% coverage of ICMAI Material along with RTPs, MTPs, Workbook.

  • Manage work, family and study in a flexible schedule

  • we provide video backup classes for the students who registered with us for Face to Face along with Hard copy of study material.

  • Conceptual clarity of topics with real life examples.

  • Free personality development for your professional growth

Classes(F2F) on

Mon, Wed & Fri
At 11:30 AM

Professor for IDT

About Me


For Face to Face classes
Call us

Online Classes

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Course Overview

GST & Customs

The main objective of introducing Indirect taxation (GST and Customs) in CMA Inter is to provide an in depth study on the various provisions of indirect taxation laws and their impact on business decision-making.

The syllabus test you on

  • Understand the principles underlying the Indirect Taxation Statutes (with reference to Goods and Services Tax Act, Customs Act).
  • Computation of assessable value of transactions related to goods and services for levy and determination of duty liability.
  • Identify and analyse the procedural aspects under different applicable statutes related to indirect taxation. 
Get Exemption in IDT

It is possible to get exemptions in IDT as you will be trained at PSC with regualr test series and comments thereon.


ICMAI structured the syllabus as Section -A: GST(80%) and Section-B: Customs (20%).

  • Introduction to GST
  • Levy and collection of tax
  • Time, Value and place of Supply
  • Input Tax Credit
  • Registration under GST
  • Tax Invoice, Credit and Debit Notes and other documents under GST
  • Accounts, Other Records
  • Payment of Tax
  • TDS & TCS under GST
  • Returns
  • Matching Concept under GST
  • GST Audit by Professionals
  • E Waybills under GST – Basics
Section – B: Customs Act
  • Basic Concepts
  • Types of Duties
  • Valuation under Customs
  • Import and Export Procedure
  • Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017

What makes Priyanka Saxena Classes better choice?

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