New course was good... barring 2-3 questions, the rest were straight forward... But somehow i was able to finish the paper 5 mts be4 schedule... lucky for me i d been quite fast from the start...
Whats that throughput problem abt??? made a mess of it... i ve never seen a similar sum anywhere... can someone throw light how to do it? and the std cost sum was also a flop for me...
Rest was all ok...
Even i felt so......i left Std costing sum in Option...
Paper was tough and Lengthy also, Theory was unexpected and being lenghty more more and more mistakes were happening. I cldnt understand Standard costing and Throughput questions. ABC and Shutdown cost was easy. Overall experience was bad :-(....
New Course was quite ok. If u properly study all chapters then most of them were straight forward questions .. Only 2 to 3 questions were twisty.. It was a paper were we can pass off ..
The old Course Cost Management paper is very tough for an Cost Accountant, forget about the students, even a ICWA rank holder will take minimum of 4 hours to complete this paper. Because unless you answer each questions with proper notes, nobody will award you marks.
Today situation of CA final students career are in the hands of the ICAI, because the live example is this time Old course Costing paper, to answer each question, it takes minimum of 15-20 minutes and there are 15 questions [including sub questions leaving the choice], the total minutes required to give proper answer to all the questions is 300 minutes, but our institute is expecting us to complete it in 180 minutes which is next to impossible. I hope even a brilliant student must have left 20 - 25 marks in this paper. Now, we can easily predict the Final results. I think our institute's board of studies members are exhibiting their costing experitse on poor students. But end of the day it is affecting our career for that no Qualified CA or our senior members of ICAI or our ICAI committee is bothered.