Students Who are Giving Exams of CA IPCC level here are Exclusive Tips & Important For COST & FM PAPER :
As CA FM paper is most unpredictable and tricky paper. So here I am posting a strategy which I used to follow during my exam:
1. Start with FM tonight and first do important topics which I have mentioned below. And after those important topics do other topics.
( Try to cover maximum topics and don't touch theory tonight ). Try to cover 70% FM tonight itself.
2. Tomorrow morning again pick FM and complete remaining topics of FM.
3. When you done with FM than move to costing and do important topics mentioned below and after that have quick view of others.
4. When you done with practical portion of FM & Costing than pick theory and do it from practice manual bcoz at least 60% theory get repeated in exams and if you able to attempt 60-70% theory than it enough to crack cafm paper.
Note : No need to refer any other book now. Just solve some random questions from practice manual and yes for concept related issues you can refer your class notes or any reference book but not for questions.
Important topics -
Cost - Material, Labour ( Halsey & rowan ), Standard ( Material & Labour variances), Marginal Costing, Operating Costing, Process costing and Integrated accounts.
FM - Time Value, Leverages, Capital Budgeting (NPV), Fund Flow, Ratio, WACC, Factoring, Management of Receivables, EBIT-EPS Analysis, Capital Structure.
Wish you all the best
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NISHANT JAIN