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Final costing - how to self study the subject ?

22 December 2014

Hello all, I have my final attempt is due on May 17 and would like to know how to self study AMA. I want to know the order of chapters that I should follow. Because usually the sequence given by ICAI is not very successful. Please help at the earliest.

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Rahul Agarwal (Chartered Accountant) (213 Points)
Replied 22 December 2014

There's a lot of time for you. But good that you have started looking at the subject.

I suggest start with simpler ones first. They will help you gain momentum.

For getting the right sequence (if ICAI module doesn't help) - check out B.Com Costing books for second and third year. And follow the sequence. Generally marginal costing, key factor, decision making, transfer pricing (these should fall in 3rd year course).

B.Com course should give you apt sequence.

Rahul

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CA Syed Parvez Ali (None) (458 Points)
Replied 22 December 2014

thanks Rahul. Will have a look surely. And I've started early because "wars are won even before the fight has started"

Back in the Game (a) (1273 Points)
Replied 22 December 2014

Firstly ,

Start In the name of God Most Gracious and Most Merciful.

He who God Guides none can misguide him ,He God lets astray non can guide him.

AMA is divided into 3 sects - Marginnal/Relavant costing ,Standard Costing,OR.

As you have Enough time Start up with Chapter Cost concepts in Decision making - its the base.You can study through Rest of Costing After this, with first doing marginal Costing and decision making and all others Except for Standard costing and OR.

Do standard Costing.

Finally OR.

Good Luck.

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CA Syed Parvez Ali (None) (458 Points)
Replied 23 December 2014

Thanks a lot.. Will surely consider your views in my strategy.

CA RISA RAVINDRAN (Chartered Accountant) (682 Points)
Replied 31 December 2014

You can start with OR/QT and mariginal costing and standard costing. This alone will get you considerable marks.. Then concentrate on other chapters like ABC

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