AMA (OLD CA FINAL) Full Course by CA Anuj Jalota - AjNext
AMA (OLD CA FINAL) Full Course by CA Anuj Jalota



This course is of CA FINAL – Advanced Management Accounts with full coverage of Each topic. Theory in the old course is of very fewer marks and students will have to study that from the Practical Manual. Operational Research (OR) will be covered with full logic so that a student comes to know how to apply these in real life.



“No matter how much you are qualified, common sense always helps”

Costing as unlike any subject in CA-Final is a subject without many concepts. Relate problems to the day-to-day situations and they will become simple. Over recent years, ICAI has started the trend of asking more problems in examinations with each problem being allocated fewer marks. This makes our job rather tougher as our thinking has to be very fast.


Marginal costing & Standard costing occupy a major chunk of this syllabus and almost all the chapters get included under these headings. This is one of the subjects that I have taught for the past 18 years and can still say there is so much to learn. New concepts keep arriving and it is very interesting to learn these new concepts especially as they relate to the manufacturing sector as the growth of any country is determined by its manufacturing sector. Japanese and German concepts of manufacturing like TQM, JIT, Target costing, ABC, Value chain analysis, ERP, etc are being implemented by Multinationals across the world. Unfortunately that Costing in India still is at a very early stage and it might take many years before these techniques get implemented like they are in developed countries.


In our country due to cost-effective labor and materials, the cost of production is less but there is a need to improve the quality, standardize the cost reporting methods, evolve need-based products, and procedures of manufacturing the products. Efforts of ICWA should be respected. In recent years, many steps have been taken to bring our Costing methods at par with world standards.


As a good learner of the subject, I feel that it is my job to keep you updated with new concepts and put problems that really challenge your minds. As a practice, I don’t accept answers from ICAI or any book just blindly. Research is done and the best answers are thought of for days and days together to bring the best to you.


This courseware consists of problems that are picked up from ICAI modules, compilation, CIMA exams, ICWA modules, M.Com exams and some have been made me bring out concepts clearly. I hope you will find Costing an interesting subject to learn especially when the entire costing will be done without a single formula. Costing is a subject that will require many assumptions to solve. As a rule “Assumptions should be made when the problem is not clear, not when Student is not clear”. 


This workbook has been intelligently designed so as to start and end most of the questions on the same page so that the student does not have to turn pages. Problems are done in the same order as they are printed. Moreover, many things have already been printed in the book (like comments, graphs and charts are partly made) and space has been provided in form of a box to write anything else that the student considers important. An effort has been made by me to solve as many problems as possible in the class. You will notice as in exams, content & presentation are very important, the same way for me, my book should be very good in content & presentation. I strongly believe that the above factors are a reflection of the knowledge and skill of the faculty.


As a student, I always believed that time management is very important in exams and in our daily life. This philosophy is being shown where many things as said above are done so as to timely complete your portion with a maximum number of problems.


“A student makes his own destiny and no matter how much a faculty does, it is only students’ efforts that give fruit.”


Although I have sincerely tried to put all the types of problems that I think are relevant for ICAI exams, students are advised to practice problems from the module of ICAI (especially Marginal Costing) and compilation of past papers. The theory forms part of this book although I still insist that students read ICAI modules to know the theory in depth. Due importance should also be given to O.R. which also forms part of this book.

 Sr. No. T O P I C
1 Marginal Costing & Absorption Costing      
2 CVP Analysis / Decision Making / Relevant Costing
3 Theory of Constraints
4 Internal Pricing
5 External Pricing
6 Learning Curve
7 Standard Costing
8 Activity-Based Costing & Target Costing
9 Budgetary Control
10 Costing of Service Sector
11 Just in Time & TQM
12 Notes Section of Costing
13 Assignment (GET PENCIL, SCALE & ERASER)
14 Transportation (GET PENCIL, SCALE & ERASER)
16 Simulation
18 Sensitivity Analysis
19 Marginal Costing & Decision Making
20 External and Internal Pricing
21 Learning curve theory
22 Standard Costing
23 Budgetary Control
24 Costing of service sector
25 Developments in the business environment (MOST IMPORTANT FOR THEORY) – JIT, ABC, Pareto Analysis, Back Flush Costing
26 Uniform & Inter-firm comparison
27 Discounting Factor
  1. ONEPractical Book
  2. One Pen Drive with Lectures or Google Drive link (133 GB)

NOTE: Courier is done with the help of courier agencies. It usually takes 2 days for us to give the package to the courier agency and further time to deliver the package to the students depends on location. AJ NeXt does not guarantee the time duration when the courier will reach the students. It can provide the tracking id within 3 days of the order.

Due to COVID, all couriers are getting delayed. This situation is uncontrollable for anyone. Students are requested to be patient in such kinds of situations.

WINDOWS LAPTOP only (Desktop / Macbook / Chromebook does not work)

Windows 7 and Above

2 GB Ram or more

Intel Processor i3 / Pentium and above OR AMD processor

Graphics Card

Students will install the software provided. For any technical problem, call 7061116111.


NOTE: All pen drive products are meant for a single user. If it is found that a student is watching lectures in a group, it amounts to using the videos for commercial purposes. Such students are liable for action by AJ NEXT in the court of law and are a strict violation of our policy. Such lectures will be disabled with immediate effect without any refund and further, the concerned students will be liable for damages and penalty for using lectures for a commercial purpose.

Frequently Asked Questions

What will be the duration of the batch?
The batch will be for a duration of more than 200 hours which is highest in India for any Paper 6.
From where subject will be taught?
A practical book is given which is full exhaustive book and covers all the questions. Book will provide extra homework section questions so that students can practice questions by themselves
Are the questions covered enough for the exam?
yes, they are enough although students are advised to practice question from PM
Is operational research Fully taught?
Anuj sir teaches Operational Research based on Logics and there will be no formula in anything
This is a full course.
What will be mode of teaching?
Sir will be writing on the board
1 Practical Book covering COSTING and OPERTAIONAL RESEARCHdy book will be provided.
Can the Validity be extended?
No, it cannot be extended under ANY circumstances.
How will my doubts be addressed?
Telegram id:
Can the VALIDITY be extended?
Not under ANY circumstances
Will it work on a Desktop?
Lectures only work on windows LAPTOP and nothing else.
Can i change my Laptop?
Lectures will only work on laptop where it was installed the first time
Course Detail
  • Course: CA FINAL
  • Course Type: Regular Course
  • Attempt: May 2021 Nov 2021
  • Number of Total Hours: 200
  • Number of Lectures: 60
  • Validity: 6 Months
  • Subjects:
    Paper 5 - Advanced Management Accounts (AMA)
  • Language:
    English / Hindi