LAST DAY REVISION TIPS FOR COST FM EXAMS

www.caspot.com brings you the exclusive post of Last Day Revision Tips For Cost FM before Exams For CA IPCC students who are giving exams on November 2014,

First With Cost Accounting Revision

1. Without a doubt you should do Standard & Marginal
Costing in starting. Not even a single theory question
asked from this two topics so just concentrate on
practical questions. Try to make your own notes or
summary of all formula as this chapters based on formula
only. Around 16-20 marks covered by this two topics.


2. Now you should do Contract, Process , Equivalent,
Budgetary & Operating Costing. This topics again cover
16-20 marks. Theory will come from Budgetary &
Operating only. Better to go through Practice Manual also
as sometimes not exact but of same pattern question
comes in exam.


3. Now you should do small topics like Material, Labour &
Overhead . Mainly question comes from Direct Material like
EOQ, Re-order level etc. Don’t waste much time on Labour
& Overhead as they are lengthy as well as not questions
not frequently asked from this topics.


4. Now do this 3 topics from Practice Manual only because
question get repeated in this topics: Non Integrated,
Integrated Account & Reconciliation of Cost & Financial
Accounts.


5. Generally 16 marks theory questions asked in exam.

ALSO SEE : DOWNLOAD COST FM THEORY NOTES FOR EXAMS 

Then with FM :

1. You should start with Capital Budgeting and than Cost
of Capital this both chapters covers 16-20 marks easily,
mainly practical question comes from this chapters so
don’t waste time on reading theory. If anyone not
interested in doing material which he/she have than just
do all question from practice manual of this topic.


2. Now you should do leverage , Ratios & Working Capital
Management. This topic are easiest as well scoring topics.
This covers again around 20 marks minimum and both
practical & theory questions asked from it. Do this topics
properly from your books which u have than do question
from Practice Manual and mainly theory questions comes
from Practice manual only.


3. Than do Cash Flow Statement & Fund Flow Statement,
as we studied this topics earlier so do it fast and don’t
waste much time both theory and practical questions may
be asked. Marks covered around 8 but sometimes 16 marks
big question also asked so prepared for it.

4. Now do theory properly as this paper contain good
questions of theory & overall theory asked in the question
paper is minimum of 30-32 marks out of which 16-20
mark’s theary is from Financial Management. Important
topics for theory are Basic Chapter, Ratios (Importance &
Limitation), Types of Financing, Management of Debtors
etc. (Make sure once you read all theory question in
Practice Manual.)


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