Two New Free KyaTax Academy Classes: CMA Data in Bank Format, and a New Company's First Year
- Class F3 builds a ₹6-crore trader's CMA data from holding periods, computes MPBF (₹50 lakh against a ₹1 crore ask) and shows which five ratios a credit officer checks first.
- Class F6 lays out a new company's first year on one page — 30/60/180-day filings, the monthly and annual calendar, and the Section 43B(h) 45-day MSME rule with a worked tax example.
- Both are Level-3 (Advanced / Virtual CFO) previews taught in Hindi with worked numbers; the full 120-hour program and its three certificates are on the Academy page.
KyaTax Academy has released two complete classes from its Level 3 — the Advanced / Virtual CFO level — free on YouTube. They were chosen because they teach the two jobs that get an accountant noticed by a firm or a client fastest: putting together a bank-format CMA that a credit officer accepts, and running a new company's first-year compliance without missing a date. This post explains what each class covers, who it is for, how it fits the 120-hour program, and what to practise after watching. The lessons are in Hindi, with worked numbers on every slide; the KyaTax Academy page carries the full curriculum, fees and batches.
Why these two classes, and why free
The Academy's rule for free content is simple: lessons that explain how to think are free; lessons that teach how to do the job end to end stay inside the paid program. These two sit on the line. CMA data is the single document most bank-loan files fail on, and almost nobody teaches it as a linked model. A new company's first year is where most small-firm juniors first meet the Companies Act — and where ₹100-a-day additional fees quietly accumulate. Both classes give the framework fully; the paid Level 3 adds the project report, loan proposals, ratio analysis, the MIS pack and the capstone file.
Class F3 — CMA Data banana, bank format
| Segment | What you learn |
|---|---|
| What CMA data is | Seven linked statements, not a form; audited / estimated / projected columns; why totals must tie |
| The assumptions sheet | Growth with a reason, margins, holding periods, capex and its funding — what the credit officer reads first |
| Deriving current assets | Inventory = cost of sales × days ÷ 365; debtors and creditors the same way — projections derived, never typed |
| Worked MPBF | ₹6-crore trader: TCA 140, OCL 50, gap 90, margin 40 → MPBF ₹50 lakh against a ₹1 crore request |
| The five ratios | Current ratio ≥ 1.33, TOL/TNW ≤ 3, DSCR ≥ 1.5, ISCR ≥ 2, debt-equity ≤ 2 — computed the bank's way |
| Tangible net worth | What to deduct (goodwill, promoter loans given) and how a subordination letter turns promoter loans into quasi-equity |
| Reconciliation + mistakes | Five tie-outs before submission; the errors that send a file back |
Assignment: take any ₹2–5 crore business and build its seven statements, MPBF and five ratios. The free DPR Studio tool on this site produces the statements from assumptions and is a good way to check your numbers.
Class F6 — Startup ka pehla saal
| Segment | What you learn |
|---|---|
| First 30 days | Board meeting, first auditor (ADT-1), bank account and subscription money, name board and stationery, statutory registers |
| 60 days | Share certificates — signatures, stamp duty, why unstamped certificates fail due diligence; GST, Shops & Establishment, PT, Udyam |
| 180 days | INC-20A — attachments, certification, the ₹50,000 + ₹1,000/day penalty, strike-off risk |
| The year's calendar | TDS 7th, GSTR-1 11th, GSTR-3B 20th, board meetings, DIR-3 KYC 30 Sep, DPT-3, first AGM, AOC-4, MGT-7A |
| Section 43B(h) | 15/45-day MSME payment rule; worked example of a ₹5 lakh February bill paid in May costing ≈ ₹1.3 lakh of tax a year early |
| First audit prep | Books from day one, FAR and Schedule II depreciation, related parties, director withdrawals as loans, minutes and registers |
Assignment: pick an incorporation date and produce the company's twelve-month calendar with every due date. The MCA Compliance tool on this site generates one from the date, so you can check yourself.
Who should watch
- B.Com / M.Com students and CA / CMA aspirants who want the practical side of what the syllabus describes.
- Accountants in small firms who are handed a bank-loan file or a new company and expected to know the sequence.
- Founders who want to understand what their CA is doing in year one — and what to ask for.
- Practising professionals training juniors; the classes are a ready briefing.
Where they sit in the 120-hour program
| Level | Hours | Modules | Certificate |
|---|---|---|---|
| L1 Foundation | 30 | Accounts (A1–A10), Reporting basics (B1–B5) | Certified Accounts Executive |
| L2 Tax Practitioner | 50 | GST (C1–C11), Income-tax & ITR (D1–D9), TDS (E1–E6) | Certified Tax Practitioner |
| L3 Advanced / Virtual CFO | 40 | Finance & banking (F1–F6, incl. these two), MIS (G1–G5), capstone (H1–H3) | Certified Finance & Tax Professional |
Every level has a lab component on real software — KyaTax Books, the GST tools, the ITR builder and DPR Studio — which is the part a video cannot give you and the reason the program is 60% practical. Batches run in a regular format (two hours, three days a week, about five months) and a fast-track format (four hours, six days a week, about seven weeks); level-wise enrolment is allowed, and students who finish Level 3 at the top of their batch are interviewed for the KyaTax Expert Panel.
Common mistakes students make with these topics
- Typing projections instead of deriving them. The moment one assumption changes, hand-typed statements stop reconciling.
- Counting the cash-credit balance outside current liabilities. The bank includes it; your current ratio is then overstated.
- Treating ADT-1 and INC-20A as optional because "the company has no revenue yet".
- Forgetting that 43B(h) applies to micro and small, not medium, enterprises — check the vendor's Udyam category, not just that they are registered.
- Watching without doing the assignment. Both classes end with a task; the tools on this site let you check your answer.
Do it yourself in minutes — free to try, no login needed.
Open KyaTax Academy →Frequently asked questions
Are the two new Academy classes really free?
Yes. Both Level-3 preview classes are published in full on the KyaTax YouTube channel. The rest of Level 3 — project report, loan proposals, MIS pack and the capstone — is part of the paid program.
What language are the classes in?
Hindi (Hinglish), with English technical terms, and worked numbers on every slide. English versions of several Academy lessons exist for enrolled students.
Do I need Level 1 or Level 2 to follow them?
No. Basic familiarity with a balance sheet helps for the CMA class; the first-year class assumes nothing beyond knowing what a company is.
How do I enrol in the full program?
The Academy page lists the three levels, fees and batch formats (regular and fast-track). Level-wise enrolment is available and a seat-lock adjusts against the fee.
General information for FY 2026-27, not professional advice for your specific case. Rules change — verify against the latest notification or ask a KyaTax expert.
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