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Costing and FM Notes for IPCC Nov 2015

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A Complete compilation of Costing and FM Notes of various Chapters and Topics for CA IPCC Nov 2015 exams.

Costing Notes:

Costing Theory Summary notes

Quick Revision Notes before Exam

Costing Notes 2

Important Formulas in Costing

Costing Theory notes 3



Financial Management (FM) Notes:

FM Formula Compilation notes 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.
ca-ipcc-costing-fm-notes-important-questions-costing
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


















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