Wimci 2010-12

August 14, 2010

The name is Raj … Accounting Raj

Filed under: Classes — Piranha @ 1:11 pm
Tags: , , , ,

Any questions ask me right now …. OK .. Lets take it further

1. ### being part of committee of ICAI – “So called big ###s are part of the team, not us … Just by having the same name it does not mean that you are the same breed”
2. On standards of ASB-
   “They create an ambiguous standard and then help you interpret them”
   “They correct their mistakes in accounting standards and then call it a review”
   “They always keep an eye open to copy from elsewhere”
3. On AS -1 Accounting standard – “They took 2 years to copy the first standard”
4. On his own working in one section being submitted as assignment submission in another section
   “I left my slide here and in the next class they submitted my own assignment to me. It is very exciting to see your own assignment in printed format”
   “you should be in ICAI for the speed of copying because people there in ICAI are taking few years to copy standards from others”
5. On disclosure of silly mistakes(pun intended) in mid term marks, he will make a presentation
   “I will not disclose names… don’t worry. But you can find out… I will look at the person when I tell”
6. After the prof clarifies a query of the student … student – “Yes that sounds reasonable” .. Prof – “Thanks for the evaluation”
7. “Whoever has supplied books for you will have to wait for many years to recognize its value”
8. On mid term exams – “learning happens after the event”
9. In response to students comment “Expected expense incurred from expected revenue” … Prof – “This will be a good answer in the answer sheet”
10. Explaining why some companies buy loss making companies – “In life it is good to make a loss … anything can create value. If one gets all F’s don’t get scared … it may create value …. you don’t know”
11. “..Many mid terms will come and go and many end terms will come and go .. but life moves on but that’s OK .. that’s a part of learning as well … at the end of it you will find that you have not learnt anything.Then at the end of it a bunch of jokers will come to hire you”
12. “You don’t expect it to work for more days if it is Indian made… especially if it is made by an Indian”
13. Q from prof – “How many Accounting standards are existing in India?” ….. Answer from student: “92 (The strength of 92 of the class :P)” Faculty: “There should be more than 92 standards as there are more than 1 method created by few of you….”
14. Why Seniors come to hire in our campus? Ans – “They know the talent of students here. and so they come here as we won’t affect their jobs with our talent…”
15. “I gave this problem to 60 students last year, they were not able to solve… this year I gave it to 90 students still no solution. That shows intelligence is not correlated to student size …. I am thinking of asking PGP office to make accounting an open laptop exam – bcoz even then u wont be able to solve it …. I would even circle the right answers to help you – even then u wont be able to arrive at them …. I can even give you the paper on monday and take it back on next monday. All you pgp1s n pgp2s can do it together – even then u wont be able to do it…
16. “The answers will be given to you …. all you have to do is to come with a 1 Re coin and scratch, the answers will appear …. The correct answers will be in bold … am pretty sure that there will still be people who make mistakes”



  1. Explaining about stock split to a Student: “People think that a good news will follow after Stock Split, But Companies, do stock split when there is no GOOD NEWS.
    , Poor people not knowing about the split, will the buy the stock, thinking that it is available at half price, and they took that to Original price, before the Stock split”

    Student : “SOUNDS …. REASONALBLE !!!!”

    Comment by Praveen — August 14, 2010 @ 2:25 pm | Reply

  2. Bloody cool…..no one can beat Mr. K****raj…..Accounting or no accounting…. hes d best!!

    Comment by Sourav — August 14, 2010 @ 2:31 pm | Reply

  3. You rock dude!!!

    And yes his name is RAJ…..

    Comment by Vishwas singh — August 14, 2010 @ 3:12 pm | Reply

  4. Thats pretty cool dude. Very well compiled…

    Comment by Sachin — August 14, 2010 @ 3:52 pm | Reply

  5. Great compilation….continue with the great work :))

    Comment by Anupama — August 14, 2010 @ 4:23 pm | Reply

  6. awesome compilatn dude…
    i just luv accountingraj.. he’s just THE BEST….

    Comment by Purva — August 14, 2010 @ 4:25 pm | Reply

  7. nice compilation dude..

    “The answers will be given to you, all you have to do is to come with a 1 Re coin and scratch, the answers will appear”

    “The correct answers will be in bold, am pretty sure that there will still be people who make mistakes” 😀

    Comment by Sreekumar N — August 14, 2010 @ 5:23 pm | Reply

  8. “Let’s take it further, YES or NO”..Student(thinking)- “No sir please go slow”…We cant take it anymore..Cash is flowing all over…

    Comment by Anirban — August 14, 2010 @ 6:23 pm | Reply

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: