Ca final costing preparation strategy - may'13

Final 2376 views 5 replies

Srinivas

accountant

222 Points Joined July 2008

Hi All:

i will be appearing for May'13 G-II. i need your help for preparation strategy for CA final costing. as per the trend analysis, the questions asked in CA final costing seems to always different and not sure from where they pick these questions, which author books? any idea, from which author books they consider this questions?

Though we practise lot of problems and get good conceputal clarity, but during the exam, due to time constraint the thought process for the question doesn't work. how should be the approach to this subject such that we solve different problems given in the exam. for example, problems, in Decision making, Transfer Pricing, pricing, etc.,

1) suggest one single good book (apart from institute material) which has unique problems from exam perspective

2) how should one approach for this subject such that thought process works during the 3 hour exam time.

can you please help me?

thanks in advance for your suggestions.

Srinivas

Replies (5)

Murugesh

CA Final M.Com

37 Points Joined December 2009

Make sure you are strong in Operations Research part and costing theory. Though costing problems are unpredictable, problems from Operations Research are not that difficult. I find Saravana Prasad book useful for Operations Research and Hariharan book for costing theory. Do problems from practice manual. I have not seen tulsian's book which has good opinion here.

C.A Manish pandey

Associate Consultant@infosys ltd

287 Points Joined October 2010

as per my strategy i cleared this time my ca final with 61 in costing so please do 100 marks paper if uwant to get good marks along with following technique

1. concept clarity in each topic

2,make suitable working note along witn assumption

3.and daily practice each paper for speed to cover 100 marks paper with accuracy

4.do practice mannual+rtp (3term)+theory

Sathish M

Management Accountant

40581 Points Joined June 2010

The questions in Advanced Management Accounting paper is fished from Professional Institutes viz ICWAI, CIMA and other foreign universities etc.,

Foreign authors like Colin Drury, Horngren etc., ICAI Study Material and Practice Manual are other likely sources scouted to set the question paper.

Vashist and Saxena have a good collection of problems for practice. If you can manage theory on your own, study from ICAI study material by preparing your own concise notes, else you can lay your hands on Hariharan’s theory notes.

Best regards

Sathish

Srinivas

accountant

222 Points Joined July 2008

Hi all:

thanks for responses.

srinivas

Synthia Davis

chartered accountant

140 Points Joined January 2011

firstly...be very thorough with the OR preparation..it is very scoring and simple..as far as costing is concerned do the sums given in the institutes study mat(must).this will help you in getting a good understanding of the questions that might be asked..i referred reliances costing text for practicing the sums nd getting a general overview of the topics asked in exams repetitively.apart from this rtp nd practice manual sums have to be done.costing is tricky but in exams you get marks for solving the steps too.so just practice till you get the confidence,i cleared my exam in the first attempt by just referring to the above books .all the best