[0:01]Hello students. Right, so today's class. Yes, come on. Yes, children, we are going to start a subject with you in today's class, that is Advanced Management. First of all, let's take the name of God. Oh God. Right, so any new work should be started after taking the name of God. So, oh God, the journey we are going to start with this target, may that target be completed in the very first attempt. Right, when we ask God to pass us, God says, okay, I will pass you. But your attempt does not pass. Right, so you feel that God did not listen to you. But God says, you said to pass. When you study, I will pass you. You didn't say that you wanted to pass in June 14, December 14. So, always ask God that, oh God, pass me in the first attempt. Right, we should prepare to pass in the very first attempt. Right. So, for this purpose, we said our subject name is Advanced Financial Management. Right. And what do we lovingly call it? Yes, AFM. Right. Now, in this Advanced Financial Management, that is, in AFM, what do you actually have to do? This is one of the main things. Right. First of all, children, you must want to know its meaning. Until you know the meaning, it is useless to proceed. Look, children, whether it is a small organization, a big organization, Right, a small house, Right, a big house. Right, any human being, right, can all this, all this, run without money, without funds? Yes, please, no, right, if you want to do CMA, CA, then first of all, you need money. If you don't have registration fees, then CMA Institute, CA Institute is not going to listen to you. You can be as intelligent as you want, you have to submit the registration fees. Right, but sir, whatever money you have, whatever funds you have, these funds are never unlimited. Right. If only God had given you a genie, a genie. If only God had given you a genie that would come out of the bottle and fulfill all your wishes.
[2:45]He would say, tell me, what do you want? Right. So would you have done CMA in this situation? Obviously, no. When the genie is giving you everything, you said, I want a Mercedes car. The genie gave it to you. Right. You said, I want a big house. The genie gave it to you. You said, I want a very big job. The genie gave it to you. So, children, is there any way you need to do CMA, CA? No. But sir, that doesn't happen in real life. Right, nothing is unlimited in real life. Unlimited, nothing is found. Right, so if nothing is unlimited, then you always have restrictions. Restrictions that, brother, you have 1 lakh rupees. The funds are 1 lakh rupees. You have to use this 1 lakh rupees to get any degree. You have to get an MBA degree, a CS degree, a CA degree. So you selected one degree. Right. So that you get the highest benefit of these funds. You thought that if I do MBA, I will have to spend 4 lakh rupees. I will have to take a loan of 3 lakh rupees, I have 1 lakh rupees, so I will pay interest on 3 lakh rupees there, I will get a job, the salary in that job will not be enough to pay back 3 lakh rupees quickly. Whereas here, with 1 lakh, you can complete any professional course. So you utilized your funds in the most efficient way. Right. This is the management of what? Funds.
[4:18]This is the management of what? Funds. Right. This is the financial management. Right. So, financial management is nothing but the optimum utilization of the funds. Financial Management is the, yes sir, what should we write here? I am telling you the definition of FM. Financial Management, Optimum, Optimum, Utilization of Funds. Right. So you are making optimum utilization of your funds. No doubt, to achieve, to achieve, yes please.
[4:54]Maximum, maximum what? Return, obviously. So that you get the highest return by using that fund. Children, this is basically FM. Right. And this FM content is basically in your CMA Inter. Right. Now, sir, the big dilemma is that FM is in CMA Inter, but the children who have done Inter from the old course, this subject was not included in that old course.
[5:33]Right. We have not learned the optimum utilization of funds. Right. And now that you have come to the final, after coming to the final, what will you have to do now? Advanced Financial Management. That means, you have not learned FM yet, but you will have to learn Advanced FM in the final now. So definitely, our final student is missing something somewhere. We can form letters and other things only after learning ABC. Right. If we tell you that we will not teach you ABC.
[6:14]Hmm. Will you drink tea? Sure?
[6:23]Thank you. Okay. May I drink? Okay, thank you. So, children, we said that you did not study FM in the old course of Inter. But after coming to the final, you basically have to study Advanced FM. Not FM, Advanced Financial Management. Now, in this Advanced Financial Management, definitely, some requirements of your basic FM will be there, which you should already know. Right. So basically, today's class's theme is to clear the basics of FM. Right. But before that, no doubt, I would definitely like to tell you what are the contents of your AFM course.
[7:18]Because until you know the course contents, until the target is not decided, we will not be able to move forward. Right. So, children, in your course, first of all, the most important chapter is Forex. Forex will be the most important chapter of your course. Right. After this, the next very important chapter for you will be Portfolio Management. Portfolio Management. Right. After this, the next important chapter for you will be Derivatives. Derivatives. Next important chapter will be Investment Management. Investment Management. Right. After this, if I give you numbering according to importance, then after that, the theory is important.
[8:17]Right. After this, at number seven, I will tell you that in your importance format, your chapter will be that is Leverage and Capital Structure. Although both are different chapters, but in terms of importance, I have merged them and made them highly important. Right. And the eighth one, the next is Cost of Capital. Actually, Investment Decisions and Leverage and Cost of Capital, these three chapters that you have, all three chapters are part of your study material. Chapter 10.
[9:07]Right. So these three are covered in chapter 10 itself. Right. But actually, these chapters are completely separate. Right. So this is basically your course. And children, you must be thinking that your course is just eight chapters. But children, the Forex chapter will take your whole one month. Right. When we do portfolio, it will take our whole one month. The one month means that according to three days a week, we have around 11 to 12 classes in a month.
[9:43]So around 10 classes are spent on these. Right. 10 classes, 10 classes. When you do derivatives, again, it takes around 10 classes, which I consider almost one month. In investment decisions, it takes more than one month, so I said that the rest will be adjusted here. Right. So, in four months, your four chapters will be completed.
[10:26]And besides this, these chapters below, they will also take our how much time duration? One month. Right. So, please copy this. I am giving you a target so that, children, it often happens that sir, we have been coming to you for one month. So far, only one chapter of ours has been done.
[11:10]So sir, it's okay, your one chapter is done, but which chapter is done? Forex. If you do this, this, this, this, then not one chapter will be done, then four chapters will be done in one month. So the length of the chapter is high, can't say that only one chapter is done. Your 11 classes course is completed. If this chapter is done in fewer classes, then you will not understand anything, and we will not be able to teach you anything properly. Right. Besides this, today's basic class is there. So, I will put zero number in the basic class, Basic Class of AFM. And today is only one class. Is that clear? Right, I think you have copied. Okay, any doubt about the course? Right. After this, children, after the course, you will also definitely want to know that, sir, the course is fine, but tell us where will you teach us the course from? That means, where will the contents be covered? Will the study material be there or not? Right, and what is in the book you will give, and what is not in it? Right, it is very important to know this. So, for this purpose, let me tell you again. Children, we will definitely provide you with our notes in our classes, and these notes are basically, your study material, your current study material, besides this, old study material.
[12:44]Children, you might know that your old study material was also different earlier. Right. Maybe you know that before the new study material came, the institute had released an old booklet, that is, Compendium. Do you know? No. So, Compendium, and number, number next is Scanner. Right, besides this, CA questions, meaning, the questions that have come in CA exams in the past, those questions, CA study questions, and also CA scanner questions. So basically, the contents that we are providing you, they are a mixture of all these. Right. And often, whenever needed, we will ask you to bring your study material to class and teach it to you. The same study material that the institute has provided you. Right. So besides that, all these things are common in all of them. So common things are definitely not included two or three times, but some extra things will also come in your book, that is, in your notes. Right. Come on, children, let's move forward. You have to also do this in your study material.
[17:35]Right. How much time will it take to study FM, self-study? Or after the course is done? After the course is done. Right. I rubbed it. Children, they asked, 'Sir, how much time will it take us to revise?' You say, 'Sir, if you revise twice, you will get 70-80 marks.' So, how much time will it take us for one revision? Right, this is what you want to say, right? So, children, I can tell you an estimate. The rest depends on each student's own, their own, their own intelligence, their own passion. Right, it depends on that. But normally, revision one, when you revise Forex, it takes three days inside it.
[18:27]Three days of 10 hours. When you revise Portfolio, which I told you next, when you revise Portfolio, it also takes three days. When you revise Derivatives, it also takes two to three days. And when you do Investment Decisions, it also takes three to four days. And if you do Mutual Fund, it takes six to eight hours. And besides this, if you do Leverage, it takes one day for revision. And children, I did not write the name of one topic separately for you. It is actually included in Investment Decisions. Lease vs. Finance. Right. So, this Lease vs. Finance will take half a day. This is the time taken for the first revision. But sir, if you do the second revision, it will not take that much time. Your time will be halved. When you do the third revision, it will take almost the same time. Then in the fourth revision, it will take less time, and in the fifth, even less. So as you keep increasing the revisions, your time consumption will decrease. So I can say, three plus three six, two eight, and then 11 and 12 and 13. 13 to 15 days are spent in your first revision. This is also very important. You asked for something that a child usually asks at the end. Right. So, now that you have asked, you can write it down too.
[20:43]Some more things coming to mind?
[20:53]Yes. Is there anything else on your mind? Now, in your mind, it's coming that, sir, just teach everything. Right. So that we can proceed with the content. That's perfectly fine, sir. Let's start. Come on, children, in today's class, we are basically going to teach you Time Value of Money.
