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MAFA theory

Vandanaa (CA) (127 Points)

26 November 2008

hI ALL,

Could anyone suggest a good source for MAFA theory ...

Thank you

Vandana

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6 Replies

CA.ViVeK M ACA (ACCOUNTS DEPARTMENT) (28544 Points)
Replied 26 November 2008

You can refer v pattabi ram book for MAFA

Mani VGS (Teacher) (729 Points)
Replied 26 November 2008

You can refer MAFA Exclusive Theory for CA Final by L.Muralidharan Sir or else you can refer a full text book for MAFA "A Landmark on MAFA" by L.Muralidharan Sir. For details visit www.sreeramcoachingpoint.com

Sujay C Deshpande (article) (80 Points)
Replied 26 November 2008

for mafa theory one has to actually write the theory by own for that the Institute module is best and also the Rustogi book, it improves clarity of concepts , readymade notes is not good

Mani VGS (Teacher) (729 Points)
Replied 26 November 2008

Sujay Deshpande sir absolutely correct. For theory one has to actually write on their own.

But i have a doubt. ICAI is having a Accounting Standards Board. Accounting standards when it is framed in India, it should be done by Indian people on their own. What they are doing means, simply they are copying from IFRS [without changing the word "is" and "was"]. To be precise, ICAI is also eating, whatever it is vomitted by IFRS. Hence, even ICAI is copying from International body. Ha !! HA!! ha !! Then which one I should study? Ha! Ha ! Ha! I will prove this information word by word.

Do you know how to wear dress or how to eat or how to walk without copying from your parents? Copying cannot be avoided and it not wrong also.

While copying you should ensure, whether from right person you are copying and whether the copied material is correct or incorrect, and how we can make changes to them usefully to the students finally . That s all my dear friends

Mani VGS (Teacher) (729 Points)
Replied 26 November 2008

I have one more doubt.

When Rustagi sir was writing MAFA theory, is there anybody with him nearby to ensure whether he is writing on his own or copying?

Or whether Rustagi sir book is approved by ICAI as the best reference material?

Geetha (Student) (0 Points)
Replied 26 November 2008

Dear Dude,

I understand that Institute had given the job of writing Theory for MAFA to atleast 4 persons. Then u might wonder how i know!? It is very simple... If one person does the job, there is no necessity to write about "COMMERICIAL PAPER" in 4 different location with different wordings. If Mr.Mani is to write a book, i dont think same item will be repeated in different places.

Buy the book of L.Muralidharan sir of ASIA LAW BOOK HOUSE of Hyderabad, which is user friendly, derived from Institute material but repetition avoided.