Well.
-Did the CA foundation result come yesterday? -Yes, sir.
-How was it? -It was good.
-What was the passing percentage? -Thirty-three per cent.
Thirty-three per cent.
That means only one would pass out of three.
Yes, mom, I am just about to check.
Pray to God that I pass.
No, mom, I won't pray. If I get good marks, you'll say it is because of God.
When I am the one who worked hard.
That's good. Now, pick up your weapon
and listen, look up and say your lines.
And, Juliet, look down and say your lines.
The audience will imagine the balcony.
Bro, do one thing, join us. It will be helpful.
Look, he looks more like a pauper and less like Romeo.
You are right, bro. But the thing is my CA Inter classes are about to begin.
CA?
My CA foundation result is coming today.
That's it! It's enough for today.
What was the score?
Did you pass with distinction? Did you get a good rank or not?
That is all secondary.
The most important thing is the four-letter word. PASS.
Did you pass or not?
So, you are the thirty-three per cent that passed. Good.
So, is there a one per cent out of you who got a rank?
Very good.
But I wish that mattered.
I don't understand if I should congratulate you or wish you luck.
Sir, you can congratulate us now.
We are CA students now.
That is why wishing you luck is more important.
Because if the CA foundation was like a well in your backyard,
CA inter
is the ocean. There are eight exams, but twelve subjects.
There is so much material that you need at least three years to study.
But how much time did you get?
Only nine months.
Along with that, some kids want to do B.Com.,
go to college. There are exams and assignments.
This course is designed for you to fail, my dear friends.
But you guys are winners, so, congratulations.
Come on, let's begin.
The first chapter of the first paper, Accounting Standards.
Excuse me, sir.
Vishal?
Congratulations.
At least you passed.
Everyone says if you have opted for CA, be prepared to fail.
But no one says,
be prepared for your friend to fail.
Especially when you pass.
Vishal scored poorly many times.
But this was the first time that he experienced failure.
-Hey, what happened? Did you get your leave? -Yes, I did.
It seems the GST hearing went well. He is in a good mood.
I suggest you go and ask for a leave too. You'll definitely get it.
Go on.
-Go. -Yes, I'll try.
All the best.
Come in.
Sir.
-I wanted to talk to you. -About what?
Sir, I need to prepare for the CA final, so, I need a study leave.
Articles go on study leave.
Your articleship is over.
I know, sir, but I need to study too.
You have already studied. That too twice.
What will you do this time that you didn't do the last two times?
Every time exams come, you need study leave.
This won't be entertained here.
-Sir, please, sir. I'll get through this time. -What's the guarantee?
The tax season is coming and that is when I would need you here the most.
I know, sir, but, frankly, I knew that this problem could arise.
That is why I already closed all the audits of my clients.
So, you won't have to bear much burden.
You half-CAs, dude.
You don't lose any chance to prove that you know how to work.
-No, sir, that's not the... -No, you listen to me.
Until I assign it, the audit can't close.
Right, sir.
I can't grant you leave and I am not discussing this any further.
Okay, sir.
Vishal.
Vishal, open the door.
Vishal, I won't be able to break the door. Please open it.
Vishal!
Why didn't you come to college?
I was studying.
You were studying?
The second thought that comes to your mind
after you fail is that you should have studied.
What's the first thought?
I hope I am not the only one who failed.
Vishal, it's just a matter of six months.
You will clear the foundation in December.
Archie, do you remember that we were supposed
to go for a school picnic in eighth grade?
You had a fever the night before that.
Do you remember what you told me while crying?
That you'll be left alone.
I didn't say then that it's just a matter of six months.
You can come to the next picnic.
We were together since childhood.
You passed and moved on.
I stayed where I am.
-It's not like that, Vishal. -It is like that.
Please leave. Let me study.
Otherwise, you'll clear your CA exam and I won't even get to be a half-CA.
Please leave.
A write-off is a loss. Not the balance sheet, P&L is not right.
I have moved on but not so much that
I won't be able to hear if you ask for help.
Archie.
Help me study Company Accounts. Please.
Drama queen.
-Now, tell me. -Correct this first.
What's wrong with it?
Bye, guys. See you.
Hey, listen, close Jaiswal's account. He keeps calling me every day.
So, dude?
No office for the next three months. How do you feel?
I am terrified, bro. Three months are hardly enough for the CA finals.
Dude, be happy.
At least you have three months. I don't even have that.
-I am sorry, bro. -Why are you apologizing?
What can you do if I didn't get my leave?
No, not for that. This...
For this.
Mr Pawan asked me to hand over all my work to you before I go on leave.
I tried to tell him that your final exams are approaching.
We should give all this work to Rajeev but he said he trusts you more so...
Right now, I need a leave more than trust.
Bro, the moral of the story is,
if you want to pass your finals, don't do too well at the office.
-Okay, bro, I'll take your leave. All the best. -All the best.
Bye.
The total is 23,80,000.
The balance sheet is tallied.
You see? I told you it's simple, didn't I?
It wasn't simple.
But you explained it in a simple manner.
Otherwise, I wouldn't have understood anything.
There's nothing like that. You'll get better tutors than me online.
But I don't have the habit of learning from anyone else.
In school, you'd tutor me a bit and I'd pass somehow.
But I guess CA can't be done by studying a little bit.
Why do you need to learn from anyone else? I am here, aren't I?
This time I'll tutor you thoroughly, not just a bit.
You'll definitely get a rank.
You'll get a distinction.
You'll pass.
-Promise? -Promise.
You'll come to college now, right?
No. I won't come to college.
-What's wrong now? -Because people just while away their time in college.
This fest and that fest.
If I go, I'll feel like doing all that.
I just want to concentrate on my studies now.
Are you sure?
You find all that so exciting.
I failed, Archie.
I don't deserve to have fun.
What will I do in college?
-Will we enter directly? -Tejas.
-Yes? -Help me fix this.
Deepak, I am busy right now.
Please submit this.
There is no chance, ma'am.
One needs a minimum of seventy percent attendance.
Even if one percent is less, a person can't give their exams.
No. I am not busy, actually. I am coming.
Girish, continue.
I'll fix that. Leave it.
-I'll do it. -Will you?
-Yes. -It takes two people.
Yes, I'll do it. It's okay.
Okay. Do it then.
I am a CA student.
Give it to me.
You should have told me earlier. I'll get it signed when ma'am comes.
-Thank you. -Archie.
Thank you.
-Hi. -Hi.
Five.
-Actually, I need your help. -Tell me.
I need to place this standee.
And I would have done it by myself but apparently, it takes two people.
-Sure. -Thank you.
What is this standee for?
For the upcoming cultural fest of our college.
Do you know what's the worst thing about being a volunteer?
You have to do all the work voluntarily.
Listen, why don't you join as a volunteer? It'll be a lot of fun.
Oh, no. How great can our college fest be?
And my CA inter exam is approaching. I have to study for it.
-Okay. When is your exam? -In May.
Just a minute.
This is August, Archie.
Right? There is such little time.
Archie, one starts studying one night before the exams.
You B.Com. people are one-nighters, not us, CA guys.
Hello. The engineers must be the one-nighters.
We open our books two hours before the exams.
But seriously.
I can never do what you are doing. I joined B.Com.
so that I can do stuff like these college fests.
-Really? -Obviously.
I mean, just imagine, it's so cool.
To be a part of something that's bigger than you.
Bigger than all of us.
You meet new people at such fests,
you work with them, you have fun.
And the memories you create
can never be created in classrooms by reading books.
I agree that our college festival is not that cool compared to other colleges.
But at least we'll get to experience something new.
Don't the elders say
that they want to go back to their college days?
They want to go back to the golden time.
I too need such stories and anecdotes.
So that I too can say in the future that I wish I can go back to my college.
Archie, the CA exam will come every six months.
College life will only come once.
Think about it.
Just hold that.
Archie, what's wrong?
Excuse me. What's wrong?
I gave an application saying I won't come to college. Going to get that back.
I changed my mind. Thank you.
Welcome back.
Hey, focus.
And tell me.
So, inventories valued at cost or NRV. Whichever is...
-Lower! -Very good.
'Where do we go tomorrow? Parla or Parel?'
How many chapters of accounts will you teach me today? One or two?
Whichever is lower.
Archie, may I drop you somewhere?
No. I'll manage.
I don't know where Archie is but she is definitely not in her senses.
Otherwise, who misses so many classes?
Bro, then you tutor me.
Just don't let your boring personality rub off on me.
Bro, a little boring is acceptable.
Listen.
A void and avoid are both different.
How will they be different?
-I can't understand. Explain it to me properly. -I can't teach you.
I don't think anyone can make you understand.
Parth, please.
Parth, the girl who sits behind you, is she coming?
I don't know.
-Archie, are you a CA student? -Yes.
How much contingency should we keep in the budget?
I haven't studied the budget in my syllabus yet.
You won't have been able to answer even if you had.
You have to go to coaching to learn that.
Archie.
-Shall we go to the principal to get the permission? -No.
I have to go to coaching.
-Hey, dude. -Neeraj, you're in the library?
Why?
Are you the only one who'll study? We can't study?
It's not like that, bro. Study.
I'd say study on my behalf too.
But you must have completed your portion. Why do you need to study?
No, dude.
I spend twelve hours in the office. I hardly get any time.
-Everyone has the same story. -I haven't even completed one subject.
Everyone has the same story.
No, Adarsh. Not everyone has the same story.
Not everyone has to go to work.
I just want to study today without any distractions.
All right, bro. Let's study then.
Yes, sir?
Sir, today?
Today is Saturday.
That can't be, sir.
Okay, sir.
All right, sir. I'm coming.
-What's wrong, bro? -Nothing.
He asked me to come to the office. I'll see you later.
Hi, Parth.
Are you still in this class? I thought you dropped out.
Well, unlike you, I must go to college.
Which chapter are we studying?
Chapter? Ask me which subject we are studying.
Paper One Accounts is finished.
Paper Five Advanced Accounts will finish in a few days too.
Chapter.
But how did he teach so much so quickly?
Quickly?
In nine months, we have to finish the coaching for twelve subjects of CA inter
and then study for the exams too.
According to me, he is slow.
But they used to teach one subject for one whole year in school.
We are not in school anymore, Archie.
Sit down.
Write the heading.
Dissolution of partnership firms, the closing book of accounts.
Step one.
All the items of the balance sheet will be transferred to?
-Book value. -Book Value.
Current account, partner account, profit and loss, where will they go?
-Capital account. -Capital account.
All assets and all liabilities?
-Realization account. -Realization account.
Realization account meaning?
It means you should realize that if only ten percent of people can clear IPCC,
then you are definitely not one of them.
And has everyone made notes about what I
taught yesterday regarding cost management?
Is everything ready and prepared?
Very good. The time for preparation is crucial.
What are you doing here?
I wanted to talk to you about something.
Vishal, not now.
I have got Parth's notes. I need to complete mine. Come later.
Please make some time for me.
-You know, I... -Vishal, I said, come later, please.
I gave the mock exam for economics, Archie. I have failed that too.
-You promised me you'll tutor me... -You could have studied on your own.
You failed because you don't study on your own.
You think of everything else during the study time.
Shahrukh's abs, sleep, and snacks.
Can't you think about capital equals to asset minus liability?
Yes, I don't understand all that.
But, Archie, I am trying, right?
I have been studying for two months but I don't get it.
I am getting frustration instead of knowledge.
But how will you know all this? You haven't even met me for a month.
You have made new friends.
So?
I can have a life outside our friendship, right?
Childhood companionship, childhood friends,
it's annoying me.
Do you want me to fail CA inter too so that
we can both be called failures together?
I don't want to be the Vishal of CA inter.
That's cool.
I am not your friend anymore because I failed.
I am just a liability to you.
Something you should get rid of.
I didn't even want to study CA.
I did it because you were doing it.
After failing, I wasn't feeling bad because I failed.
I was sad because I couldn't discuss studies,
coaching, Parth's weirdness with you.
But you won't have felt any of that.
Because you are a stone-cold self-centred bitch
who doesn't care about anyone.
You didn't opt for CA because of me.
You opted for it because you don't have a brain.
I chose commerce, so, you did the same.
I started dotting under my signature and you did the same.
I didn't go to the picnic, so, you didn't go too. Just go!
You always want a person
on whom you can base your choices and opinions.
Because that's what you are. A tag-along.
Yes, sir. It's done. The documents are on your desk.
Yes, sir. See you tomorrow.
Yes, Archie?
What do you mean you can't find Vishal?
Guys, we've got permission to practice all night. Let's rock, okay?
The screening is tomorrow. Let's finalize it tonight.
I'll treat everyone to patties if we win.
Everyone, do well.
Vishal, you.
Guys, look who's here.
You scoundrel, you are here.
We will rock it now, dude. We must win.
No one can stop us from winning now.
-What's wrong? Why are you crying? -No.
Come here, bro.
Don't leave now, bro.
Your place is here.
He is not answering his phone and he is not in the PG too.
I am very stressed.
Archie, tell me what happened exactly.
A lot happened.
Today, I felt dumb in class for the first time.
I fought with Vishal for the first time.
And I realized for the first time why CA students are so frustrated.
Is that right?
You mean you understood something that no one has understood.
I am serious, bro. They tell you in engineering, law,
and medical colleges to participate in extra-curricular activities.
To join fests and clubs. It makes your CV stronger.
CA students are told that college is a distraction. It's a waste of time.
This is a bad course.
It doesn't allow you to enjoy college life or have friends.
Archie, I had a client.
He used to treat us with a lot of food at lunch.
We used to think what an amazing client.
He takes such good care of us.
Then later we understood why.
You must have noticed that a person feels lethargic after a heavy lunch.
He feels like sleeping.
The same would happen with us.
He would purposely schedule all the meetings after lunch.
And we would agree to whatever he wanted.
After all, who wants to waste their energy arguing?
He was not a good client.
He was an immoral client.
Clients will try to distract the CA
because they don't want to get caught.
But a CA should be smart enough
and trained enough to avoid all these distractions.
That is why the course is this.
They teach you that anything
that stops you from giving your hundred percent is a distraction.
I will study, bro.
But what about Vishal?
He'll be fine.
How do you know?
Because I have been Vishal.
Many times.
What's up, dude?
Vishal, listen, I am really sorry.
I was being really selfish.
-I shouldn't have called you a tag-along. -You were very mean.
-I know. -You shouldn't have called me a tag-along.
That's what I said...
No, you're right.
I am sorry.
Look, I'll tutor you whenever you say.
-I won't make any... -There is no need for that now.
I am dropping out of CA.
You are overreacting now.
I apologized, right? I'll slap you.
You were right.
I am a tag-along.
I have been following you around since childhood. Look at this.
-No. -But how long can this go on, Archie?
How long can I keep playing Archie's best friend?
I want to be Vishal now. And Vishal won't be able to become a CA.
How can you be so sure?
How am I so sure?
Hold this rubber band.
Hold it.
Pull it!
Don't you feel you should have let go of this rubber band at the right time?
It would have hurt once but the rubber band could have been saved.
And I don't want to become like that rubber band, Archie.
I know CA is not for me, so, what's the point of holding on to it?
When did you become so wise?
I decided just half an hour ago that I would drop out of CA.
So, yes, half an hour ago.
How will you convince your parents?
They'll understand. I have another rubber band. Look.
All right then.
What will you do next?
We'll see. I have three years. I'll figure something out.
-What are you doing? -Wait a moment.
This was a distraction for me.
But it will be useful for you.
How do I look?
-It will look better on me. -Yeah right. Get lost.
Hello, sir.
Sir, I won't come from tomorrow onward.
I'll come after the exams if you want me to.
Otherwise, I am already a half-CA.
I'll figure something out.
I used to think the write-off is a loss.
It should be prevented.
But I was wrong.
The write-off is important.
Because it gives closure to an account.
And it makes space for something new.
Good morrow, father.
What early tongue so sweet saluteth me?
Young son, it argues a distempered head.
So soon to good morrow to thy bed.
It is important to close an account
that will incur a loss in the future.
It is important to identify distractions at the right time.
And to write those off.
And the most important thing is...
Okay, tell me, what is activity-based costing?
-To know exactly where you belong. -To know exactly where you belong.