Important for CA Final Costing May 2016 Exam

Question Paper Pattern

• One Compulsory question of 20 Marks.
• Six Questions of 16 Marks each out of which Five are to be attempted.
• One Full Question of Theory.
• 32 marks sure shot theory questions – Give one day of thorough study to read theory.

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Important points for Last minute-

1. Revise QT first on the final revision day with practice of one good sum of each chapter. Make sure that you know interpretation of steps used in solving sums.
2. In Cost- pick up small concepts first, viz –
   1. JIT – with Backflush and Kaizen
   2. TQM
   3. Throughput Accounting
   4. Balanced score card
   5. Profitability analysis
   6. Service sector
3. Revise all theory questions after this in both Cost and QT. Topics like- BPR, Six sigma, Bench-marking and QT-steps and comment based.
4. Uptil here you would be able to secure your attempt of 60 marks.
5. Go through the concepts of practical Cost chapters with their examples and just check the tricky areas of sums solved in your class notes.

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In the exam hall remember the following three-

1. Speed Management – keep writing the answers in full speed from very beginning, especially when you know the answers perfectly.
2. Time management – keep track in your wrist watch. Every 15 mins = 8 marks attempt.
3. Presentation management – Do not overdo it and do not ignore it. You  would be able to distinguish your answer paper amongst others only from this. Strictly adhere to the requirement of the question to get the accurate presentation

Important Topics Expected in exam

Theory:

1. Business Process Re-engineering
2. Value Chain (Horizontal Linkage) vs Supply Chain (Vertical Linkage)
3. Value Analysis – Value Adding and Non Value Adding
4. Pricing Strategies  Application
5. Synchronous Manufacturing – Drum Buffer Rope
6. Zero Base Budgeting and Performance Budgeting
7. Cost Reduction
8. Uniform Costing
9. Benchmarking or Comparison
10. Sig Sigma
11. Quality Control Costs
12. Three Measures of Theory of Constraints
13. Comment Based Analysis of Assignment, Transportation and Simplex – Refer Chart given to you or download from E-Library
14. Balanced Score Card Perspectives and KPIs – Case Study
15. PDCA Cycle – Deming’s
16. Application of Learning Curve
17. Eight Dimensions of Quality
18. P’s of Quality

Click here for – 45 Important Case Study Theory Questions 

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Practicals:

1. ABC – Simple Sum
2. Customer profitability analysis – using ABC
3. Material, Labour, fixed overheads and Sales Variance
4. Profit reconciliation in Standard Costing
5. Profitability analysis with growth, price and productivity effect
6. Break even in service sector
7. JIT purchasing
8. Throughput accounting Ratio
9. Transfer price computation under all methods – including calculas based and for international transaction
10. Relevant costing – Minimum price
11. Shut down and continue
12. Export offer evaluation
13. Flexible budget with variance and responsibility statement
14. LP simplex – comments based
15. LP Formulation – with Primal and Dual
16. Assignment – practical
17. Transportation – comments based
18. CPM and Float Analysis
19. PERT with probability calculation
20. Simulation- service line and stock
21. Learning curve – life cycle cost
22. Backflush with practical on scheme of journal entries
23. Kaizen or TQM practical