CA Inter Audit | Best Revision of Chap 5 | Audit Of Items Of Financial Statements | January 2025

[@mrugeshmadlani]

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[@mohammedzain786]

Sir apke jaisa koi freely baat nahi karta hai. Ap kitne ache ho sir. Thank for giving tips and i will make your name proud sir❤

[@mrugeshmadlani]

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[@AM-zu5lo]

00:12 Chapter 5 covers the audit of items of financial statements. 02:40 Understanding the framework and concept of audit 06:43 Understanding Assertion and Representation by Management 09:07 Key points about auditing items of financial statements 13:48 The audit of items of financial statements requires checking the correctness and completeness of transactions. 16:31 Audit procedure for checking sales completeness and authenticity 20:24 Understanding the concept of free on board (FOB) and its implications in CIF. 22:16 Understanding stock valuation and matching principles 26:09 Recognition of dividends in financial statements 28:02 Understanding the process of verifying and confirming FDs and interest with the bank. 33:10 Vendor selection process and validation of purchases 34:57 Importance of entries in audit process 38:54 Audit of items of financial statements 40:45 Understanding stock composition and turnover ratio 44:55 Understanding Method of Depreciation and Fixed Assets Register 46:50 Depreciation and amortization calculation 50:55 Understanding Completion Measurement in Audit 53:47 Auditing items of financial statements 58:31 Understanding the concept of PPE in auditing 1:00:26 Physical verification of plant, property, and equipment 1:04:55 Depreciation and valuation of items of financial statements 1:06:45 Checking ownership and approval of invoices for obligation 1:11:32 Understanding Audit Procedures for Intangible Assets 1:13:40 Verification of loan and advance completeness in audit process 1:19:40 Audit procedures for confirmation and verification 1:21:58 Importance of Surprise Cash Verification 1:26:23 Audit of items of financial statements 1:28:28 Understanding the valuation of overheads and inventories in working capital. 1:32:29 Understanding the Share Capital & its Components 1:34:35 Premium on securities can only be used for limited purposes 1:38:50 Understanding Board of Directors resolutions and shareholder approval for dividends. 1:41:05 Audit procedures for financial statement items 1:45:20 Importance of CA qualification in career success 1:47:19 Giving blessings is instant and free.

[@melricrodrigues4739]

Energy + laughter + knowledge....great lecture

[@mrugeshmadlani]

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[@Archana-lm2nq]

Thanku so much for the efforts ❤. I was so wrong when my friend suggested me your classes and I was like ' I never hurd about this teacher ' . , he also said" he is the best teacher who make you understand the concept and help you in learning the thing ." That time I wasn't listened to him , because there is one hype amoung students , ". teacher wahi acha hai jiska kaafi naam hai and followers hai uske , uska pdha dalla toh life main pakka rank aala. " . I was wrong yes I admit that , the day I started following your revision lecture, they are so good , I am preparing from here only . Thanks alot ❤ And it hardly matter ki comment kab krna hai , thanks kab krna hai exam se phle ya baad , it all about you are putting your all efforts now .

[@mrugeshmadlani]

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[@ganeshbhagwat1854]

Watched all videos and gained confidence, and requesting sir for provide one combined video of these revisions so we can watch continuously with a flow

[@mrugeshmadlani]

Yes sir

[@rexsongodinho5623]

Mene socha tha ki ye chapter 20marks ka weightage hai toh bhot difficult hoga. Par apne toh easy peasy bana diya. thanks so much sir.

[@mrugeshmadlani]

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[@abhi774]

Thank u so much sir 😊.,,,, Revision lecture best the koi substitute available nhi h unka...or regular batch to osm the hi ... Sir maine aapki classes sirf aapke confidence ki vjh se li Qki aap hr classe ke starting me bolte the best classes of FMSM nd AUDIT nation wide ... teaching nhi emotion BN gye the subject......Hume aapke confidence pr confidence tha ...or vo at the end prove bhi hua ..... Again thank u so much.... 🤗🤗

[@mrugeshmadlani]

Thank you Now it's your time to pass bas 😊

[@abhi774]

@@mrugeshmadlani Jarur sir

[@visshhh410]

11:35 technique me yhi fit ho Raha tha👍

[@mpurushotham7849]

You deserve millions of views ❤ but unfortunately here not have that much CA aspirants .otherwise You would cross Mr.Beast even 😊

[@mrugeshmadlani]

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[@nainishaaakoliya6723]

Ak dam kadakta bhadakta lecture . Energy level Osm love you sirji ☯️ Thankyou 🌼

[@mrugeshmadlani]

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[@harshitaagrawal1911]

BEST AUDIT REVISION EVER.....THANKUU SOO MUCH SIR..NO WORDS TO JUSTIFY YOUR EFFORTS ♥

[@mrugeshmadlani]

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[@aryanshahcaaspirant3197]

Thank you sir❤ Pehle ye chapter bahot bada lagta tha but aapse padhne ke baad Chintu sa lagta he

[@mrugeshmadlani]

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[@Shreyas2011]

SIR IF I AUDIT UR TEACHING THEN I WILL GIVE TRUE AND FAIR REVIEW AND ALSO TO THE USERS OF UR CHANNEL ABSOLUTE ASSURANCE ..❤❤

[@mrugeshmadlani]

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[@Shreyas2011]

@@mrugeshmadlani sir I should thank u .. the way u teach i know u will be on top lecturer one day .. ALL THE BEST SIR

[@driveinks7805]

الحب من دبي يا سيدي. هذه في الواقع أفضل المحاضرات التي رأيتها على مستوى البلاد.😍😍😍

[@ashpokemon7708]

Translation: Love from Dubai Sir. These are actually best lectures i have ever seen . This is the proof that students are watching from Dubai also. Great teaching sir.😍🥳

[@mrugeshmadlani]

Thanks a lot Don't know what it means , but if u wrote , it is good 😊😊

[@nandanikashyap6686]

Lot's of thanks from Gujrat sir .. lecture ma moj ...e ..moj ...❤

[@mrugeshmadlani]

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[@ashishdave2542]

Thank you very much sir I complete all revision lecture of audit for September 2024 and all concepts are clear and learn....thank you 👍

[@mrugeshmadlani]

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[@Aspirant202]

Thankyou sir ,watching this on the day of exam and still feels ki sab yaad ho rha hai❤️

[@mrugeshmadlani]

All the Best for your Exams

[@LyricalsbyAllrounder]

Sir... Salam🫡🫡🫡🫡 Itna simple kaise bana diya 😢 sir completely watched 11 chapter for 11 days it really helps alot Thank you so much

[@mrugeshmadlani]

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[@Sonaln185]

sir only because of you I scored 47 in audit thank u so much❤❤

[@mrugeshmadlani]

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[@-Aarthi-19]

Sir i am actually from telugu states even though i understood your teaching..thank you for such wonderful classes sir

[@mrugeshmadlani]

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[@_r.a.h.u.l_2001]

THANK YOU SO MUCH SIR 😇😇😇😇😇

[@mrugeshmadlani]

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[@sthasneembanu]

Thanks a lot for making the chapter easier & non skippable Sir

[@mrugeshmadlani]

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[@priyamayursakpal9662]

Sir how can u be so amazing? Thoroughly enjoyed learning with you!!!

[@mrugeshmadlani]

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[@rakeshrao5412]

Ekdum 💯💯💯

[@mrugeshmadlani]

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[@ca.jenilshah]

1:43:26 Your claim is correct…it is THE best❤️

[@NKGSBBank-v6h]

Thank you so much sir you made rhe most tough chapter the easiest and fun learning

[@mrugeshmadlani]

Thanks a lot All the Best for your exams

[@dwarkadhish3012]

Osm lecture🙏 sir maja avi gai 😊

[@mrugeshmadlani]

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[@mehulprajapati9854]

Thanks sir u re 👑 of gujarat

[@mrugeshmadlani]

💚🙏

[@monikamaity3147]

Thanks a lot sir, you are the best just...I don't have any words to describe your teaching style sir... Simply Love 😍❤😍

[@mrugeshmadlani]

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[@amrithaami23]

Sir when will English classes will start?

[@Forward-t3k]

jordaar sir

[@mrugeshmadlani]

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[@nidhisoni8223]

Best lecture❤

[@mrugeshmadlani]

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[@vyshnavishetty485]

Thank you so much sir!!!!!!!

[@mrugeshmadlani]

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[@Shrutiraj121]

Best lectures ever 👌👏

[@mrugeshmadlani]

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[@divjotsingh9020]

Thanku sir

[@mrugeshmadlani]

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[@yashnarkar1182]

sir can't thank you enough for what you've done ❤️ so happy thank you sir you did the best you could and made us win thank you for all the marathon and such level of clarity 💪🏻

[@Sanjeev-m6x]

Sir please provide mcq marathon on sm ,fm and audit .it will be very helpful sir ❤❤

[@KhushiJoshi-ok9bm]

Nice lecture for revision🎉

[@mrugeshmadlani]

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[@hardikagrawal4589]

1:31:10 Equities and liabilities

[@het_leuva3128]

Aana pure ❤

[@mrugeshmadlani]

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[@kanhaiyapurbey2023]

Jabardast revision tha sir 🙏

[@mrugeshmadlani]

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[@Chinmay7979]

Thanks sir for this masterclass👌🏻✌🏻🙌🏻😇

[@mrugeshmadlani]

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[@jaichablani676]

ONE OF THE BEST REVISION LECTURE SIR 👍👍

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@Nitinretoli]

Mja aa gya guru g❤❤❤

[@mrugeshmadlani]

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[@mpurushotham7849]

52:16 Mera GOD aap hy ❤❤

[@mrugeshmadlani]

🙏🙏🙏

[@JanviJoshi-nd3vb]

Osm lecturresss, 💗

[@mrugeshmadlani]

Thanks a lot All the Best for your exams

[@Sanjeev-m6x]

Sir I really appreciate your efforts towards us . thanks sir but I have a request please design mcq series batch audit for sept2024 containing all previous year mcq and RTP ,mtp mcqs .you may refer suchita prakash mcq which contains previous year mcq.same for sm sir.

[@mrugeshmadlani]

After seeing these pure gold lecs z any MCQ can be solved on your own

[@bc-104gyananjayadash4]

Seeing your lectures confidence aagaya hai i have only 13 days left including 2 days of adv acc preparation but i am taking only 10 days why but pata nhii kyon iss baar yeh 10 din lagga doonga then passs aarram se hojaunga

[@mrugeshmadlani]

Thanks a lot Do share with your friends too All the best for your exams

[@tamannashreegupta398]

Best revision🎉🎉

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@nagaakhil-pe1ho]

Tysm sir for all these revision lectures salute to you that you completed and covered everything 😊😊

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@vaishalijain-u5q]

thankyou sir 🤩is this enough for the upcoming exam what can we do more for this chapter?

[@mrugeshmadlani]

You can read entire module content twice after seeing these lecs , that should be sufficient

[@mansimarsingh8541]

18:48 😂😂😂

[@Sharmaaaaaaaaaaaaaaa]

Thanks a lot do share with YOUR friends too😂❤

[@mrugeshmadlani]

😂😂

[@namanjain69830]

Benami property struck off and crypto and related points are not covered in this i guess?

[@BHAVYASHAH-ec4gq]

thanks a lot sir,great lectures

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@mpurushotham7849]

Remember me ... I'll come after results come

[@mrugeshmadlani]

♥️

[@mpurushotham7849]

sir u haven't uploaded ANALYTICAL PROCEDURES & AUDIT SAMPLING chapters ... Pls upload it fast ... Exams are too near 😢

[@mrugeshmadlani]

It is now part of chap 4 already uploaded long back , more than 5000 students have seen it also

[@snehapatil4344]

Already uploaded.

[@mpurushotham7849]

​@@snehapatil4344 📚👍🏻

[@aryanjariwala900]

thank you so much sir!!

[@mrugeshmadlani]

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[@Akash-ca]

Thank you sir

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@theordinarywords]

53:23

[@pranav3849]

Lay bhari Revision 🔥🔥

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@namanjain69830]

Is this language according to the icai module or is it own language? I mean can we use this same?

[@mrugeshmadlani]

All as per ICAI , nothing is our language anywhere

[@ishapatwardhan5829]

sir i have purchased magic book, but chp 5 [audit of items of FS] is not there. why so? what to do now?

[@mrugeshmadlani]

It is self read chapter , but still notes of same are there in comment section of video of that chapter

[@priyankprabhudas136]

👏👏

[@mrugeshmadlani]

🙏

[@Sanjeev-m6x]

💕💕

[@mrugeshmadlani]

🧡🧡🧡

[@RadhikaSharma-nk2ho]

Sir yeh notes jo aap provide kar rahe ho, bas yeh refer karne se audit of items of financial statements ke ho jayega? Matlab notes exhaustive hai ek dum?

[@mrugeshmadlani]

Module is must

[@Just_Different_]

Sir please confirm whether presentation and disclosure requirements is scheduled 3 part 1, because in book it is written schedule 3 part 2 as per the latest module

[@mrugeshmadlani]

Yes schedule 3 part 2 is correct, my mistake

[@goalca8935]

schedule III (Part II)

[@Readytotravel1]

avee tak ka best audit lecture

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@mohammedzain786]

Sir dar lag raha hai yaad karne me matlab itna yaad kaise karu kuch tip dona sir helpful rahe please sir bohot dar lag raha hai. Yaad karne baithta hu to kitna yaad karu ya kitna chodu please sir kuch tip Waiting for your reply sir.

[@mrugeshmadlani]

If you see it 3 times till exams , automatic yaad ho jayega , all these is general , no one can remember exact , it is all just common understanding

[@HussainAli-rz1mp]

I was so worried about the chapter 5 and 9 but you made it so simple amazing session sir🤩

[@mrugeshmadlani]

All chaps are simple sir Thanks a lot Do share with your friends too

[@rishikesh.v8624]

@@mrugeshmadlani sir is there any chance tht u upload the reviison lectures in english atleast only for chap 5 sir. its a humble request on behalf of the south students sir

[@mrugeshmadlani]

All chaps will be uploaded in English , told same in KZbin community post and telegram , guess you are not following these channel ​@@rishikesh.v8624

[@poojavaishnav4781]

Itne lengthy chapter ko chintukla pintukla bna diya sir aap ne 😂😂

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@EasyChessyIdeasBySakshi]

Sir please upload audit preparation vedio before exams for old syllabus please

[@mrugeshmadlani]

Now there is only 1 syllabus , no old and no new

[@EasyChessyIdeasBySakshi]

@@mrugeshmadlani yes sir... But old have to give only 2 subject and have to start early to study audit thats why

[@chiragbhardwaj0403]

OP

[@mrugeshmadlani]

🧡

[@divyanshugarg2337]

kheta jategi nahi pyaar krti h, pair ke upper hath rakh degi🤣🤣🤣🤣

[@shubhammaheshwari9148]

yah pdf padhle aur module se na pade to chalega na sir ?

[@mrugeshmadlani]

ICAI module is Bible for all , or else you can refer our book also , but book is must

[@mohammedzain786]

Sir exam me ye language likhenge to marks milenge na

[@mrugeshmadlani]

Yes copy of icai , not much change

[@surbhishetty8687]

This chapter is not ithere in Magic book

[@mrugeshmadlani]

Yes because these chap requires special approach , we do what is best , hence for these we have specially designed ppt , which is in pinned comment link

[@sumita4871]

ITNA KARNE SE PURA CH 5 HO JAAYEGA KYA?????????

[@mrugeshmadlani]

Yes after these read module once , it should be fine

[@sumita4871]

Thank you 🙏

[@mohammedzain786]

Sir ye chapter pura learn karna hai kya

[@mrugeshmadlani]

Not possible to learn , told same in lecture also , just understand the overall context & if you watch 3 times , automatic key points would be learnt

[@mohammedzain786]

Love you sir big fan of yours from hyderabad

[@kruthikatk7359]

Sir please please upload English revision lectures

[@rishikesh.v8624]

+1

[@nagaakhil-pe1ho]

Starts 2:28

[@tanvirkuperkar8660]

Anyone fullform of fob and cif

[@mrugeshmadlani]

Free on Board & Cost Insurance Freight

[@tanvirkuperkar8660]

@@mrugeshmadlani thank you so much sir Audit easy lag raha he apke lectures dekhne k bad

[@mrugeshmadlani]

@@tanvirkuperkar8660 🙏

[@hemantkaushik6636]

Abhi me koi comment nhi jaruva guru ji exam ka result aane k baad krta hu kyuki me kuch kuch jyada hi comment krne wala hu ......jai shree krishna

[@mrugeshmadlani]

👍👍👍

[@maheshmisal2718]

Comment nahi kiya?

[@viditdadhich661]

Sorry bhai try better next time

[@ramansandhu151]

Thanku so much sir

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@dineshkhuntei8884]

Thank you sir🙏

[@mrugeshmadlani]

Thanks a lot Do share with your friends too

[@shi-hai525]

thanks sir

[@mrugeshmadlani]

All the Best for your Exams

[@basava8249]

♥️✨

[@mrugeshmadlani]

🙏

[@ramansandhu151]

❤❤

[@mrugeshmadlani]

Thanks a lot Do share with your friends too