IMP QUESTIONS FOR CMA (CWA) INTER - JUNE 2013 EXAM
| Labour |
| Idle time & It's treatment |
| Lab. turnover, it's causes & cost associated with it |
| Incentives to indirect workers & Indirect incentives to direct workers |
| Marginal Costing |
| Application/uses of Marginal costing |
| Decision involving Key factor/Limiting factor |
| Further processing decision |
| Make/Buy decision |
| Margin of Safety |
| Angle of Incidence |
| P/V Chart |
| Break even analysis & It's assumptions |
| P/V Ratio - How to improve |
| Budgetary Control |
| Principal Budget Factor |
| Zero Base Budgeting |
| Flexible Budget & it's uses/importance |
| Budget & it's essentials |
| Budget Manual |
| Budgetary control & It's objectives |
| Master budget, Purchase budget, Cash budget, Capital Expenditure budget |
| Budgetary control vs. Std. costing |
| Fixed budget vs. Flexible budget |
| Standard Costing |
| Disposal of cost variances |
| Single Plan & Partial Plan |
| Uses & Objectives of Standard costing |
| Uniform Costing / Inter Firm Comparison |
| Uniform costing & It's requisites/essentials |
| Merits & Demerits of Uniform costing |
| Inter firm comparison & It's requisites/essentials |
| Merits & Demerits of Inter firm comparison |
| Basic Concepts |
| Profit centre, Cost centre, Cost unit |
| Cost control & Cost reduction |
| Chargeable Exps / Direct Exps |
| Various cost concepts: |
| Sunk cost, Opportunity cost, Relevant cost, conversion cost, Imputed cost, Implicit cost, Discretionary cost, Differential cost |
| Job, Batch, Contract |
| Job vs. Contract |
| Batch costing & it's applications |
| Profit on incomplete contracts [Ans: upto 25%, 25-50%, 50-90% & morethan 90%] |
| Cost plus contract with merits, demerits |
| Escalation clause |
| Process & JPBP |
| Equivalent Prod'n & it's importances, 2 main methods for computing Equiv. units |
| Split off point & Joint cost |
| Treatment of By-products |
| Further processing decision |
| Transfer Pricing |
| Transfer Pricing & It's objectives |
| Methods of Transfer Pricing |
| Limitation of Cost based (& Market based & Negotiated) Transfer Pricing |
| Misc. |
| Value analysis, Value engineering |
| Just in time (JIT) |
| Supply chain analysis |
| ABC, Cost drivers |
| Limitations of ABC |
| Operating Costing & it's applications |
| Material |
| ABC analysis |
| Prepetual Inventory system |
| EOQ & it's assumptions |
| Scrap, Spoilage, Defectives & it's treatment |
| Overhead |
| Over/Under absorption & it's treatment |
| Special treament in costing: |
| Packing exps, Admin OH, Bad debt, Interest, Training exps, R&D exps. |
| Non-Integration |
| Integrated a/cs & it's benefit |
| Non-Integrated/Inter locking a/cs |
| Reconciliation |
| Need for Reconciliation |
| Exps purely Financial nature |
| Reasons for difference in cost & financial a/cs |
| Items treated in different way in cost & financial a/cs [Ans: Stock valuation..] |
CA Rabindra Nahak (ACA, ACMA)
All India 1st Rank in CA Inter
Contact - Bikram (98830 24561) (Near R.Sarovar Metro Stn, Kolkata)
Courses - CA, CMA (CWA) & CS - Inter & Final - only COST & QT
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