Session 1 Introduction and Basics of Balance Sheet and PNL

Welcome to Session 1 of the Certificate Course in Mandatory Schedule III Ratios of MCA. Before understanding and calculating the mandatory financial ratios prescribed under Schedule III, it is important to first understand the financial statements from which these ratios are derived. This introductory session lays the foundational groundwork required for accurate corporate financial analysis and ratio preparation. 📌 What you will learn in this video: The Balance Sheet: What it represents and a clear breakdown of its structure. The Statement of Profit & Loss (P&L): Understanding its structural flow and how to read it for ratios. The 11 Mandatory Ratios: An introduction to the exact ratios mandated by the MCA that every finance professional must know. ⏭️ What's Next? From the next session onwards, each ratio will be covered individually and practically — including its formula, components, relevant financial statement items, calculation, interpretation and the practical issues that can arise while preparing and disclosing the ratios. The objective is not just to know “what the formula is”, but to understand how the ratio is actually worked out in the real world and what goes into preparing for it from the very beginning. 🎓 Want to access all the sessions today itself? The complete course is already available FREE on the IIPT App, where you can access all the classes at once and, after completing the course and successfully appearing for the examination, also claim your certificate. 📲 Download the IIPT App: ▶️ Android (IIPT App) https://play.google.com/store/apps/de... 🍎 iOS (My Institute App) https://apps.apple.com/in/app/myinsti... Org Code: LZDUTC 📍 Follow IIPT for Regular Updates: 🎥 YouTube:    / @iipt.official   📸 Instagram:   / iiptofficial   📘 Facebook:   / iiptofficial   📘 Website: www.iipt.in 📚 Additional useful resources available on the IIPT App includes: 🔹 The Fine Print of Budget 2026 – A Deep Dive into IT Proposals 🔹 Comparison of Income Tax Forms (Old vs New) 🔹Comparative TDS charts mapping old sections (like 194C, 194J, etc.) with the new section codes Don't forget to Like, Subscribe, and share this video with your colleagues and audit teams to help them master practical financial drafting! #financialratios #balancesheets #profitandloss #financialstatementsclass11accounts #financialreporting #accounting #charteredaccountant #castudents #FinancialAnalysis #financeprofessionals