IPCC Costing Notes FM Notes Nov 2016 | Important Questions |

IPCC Costing and FM Notes Nov 2015 Exams

Costing Notes:

Costing Theory Summary

Quick Revision Notes before Exam

Costing Notes 2

Important Formulas in Costing

Costing Theory 3

Financial Management (FM) Notes:

FM Formula Compilation in One Page

Recent stats say that, out of the students who have failed Group-1, 72% have failed in Costing and FM along with some other subject, and 46% students failed only in Costing and FM.

This subject has two shades. It has been a boon for a set of students and for some, it has been a curse.

So we decided to go deep into the matter and have inquired 300+ students, which includes students who have been failing this subject for at least two attempts and students who have got exemptions. We also extracted much needed info from a student from Vijayawada who scored 86 in this subject.

Almost all the students who succeeded in this have noted the same point, PRACTICING WITH PEN AND A BOOK. A close analysis of the preparation style of students who have been failing revealed that, most of them were just going through the questions and not putting them on to the paper.  Not just Seeing, PRACTICE, PRACTICE and PRACTICE. By looking at the book, it looks like everything is ok, but once you put the pen on the paper, it wont move after two steps.

Second point is the presentation. Costing is all about presentation. You may bring the solution, but unless you present it in a format, you are not going to score marks. We have obtained the certified copies of a few students which revealed the same.

Important Chapters/Topics for Nov 2015:

Costing Important:

• Material Cost
• Contract Costing
• Marginal Costing
• Joint and By Products (Theory)

Financial Management Important:

• Cost of Capital
• Cash Flow Statement
• Management of Working Capital

Costing and FM Important Theory for Nov 2015 exams:

Go Through the Important Theory Questions in Costing and FM, for CA IPCC November 2015 Exams.

Even though enough care is taken while selecting the questions, students are recommended not to put in too much reliance on these. 

       Costing Important:

          Discretionary Costs

          Conversion Cost

          Product Costs Vs Period Costs

          Bin Cards Vs Stores Ledger

          Allocation and Apportionment

          Accounting Treatment for Over-time Premium

          Short Notes on General Ledger Adjustment Account

          Advantages of Cost-Plus Contract

       Financial Management (FM) Important:

          External Commercial Borrowings

          Business Risk Vs Financial Risk

          ADR Vs GDR

          Role of CFO

          Types of Floats in the context of Cash Management

          Benefits of Optimum Capital Structure

          Ploughing Back of Profits

• IPCC Accounts Notes

• IPCC Auditing Notes

• IPCC Strategic Management (SM) Notes

• CS Exam Notes

• Surbhi Bhansal Auditing Notes

• Costing and FM Summary Notes

• IPCC FM Formula Notes

• CA Final ISCA Notes