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Query regarding costing-final exam

IA & Risk expert (Freelancer) (198 Points)

24 May 2012

Hie.. I wanted to know the order in which costing should be started.
Note : I am doing self study & will be appearing in Nov-12. I havent touched final level costing ever in my life!
I cleared my PCC costing way back, dont expect me to retain anything

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14 Replies

CA vaibhav (no) (111 Points)
Replied 24 May 2012

Relevant costing is basic... U hv to do relevant cost first than anything

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Ankita Methi (Credit Underwriter) (758 Points)
Replied 24 May 2012

i would suggest.....first go for OR.....its not that difficult........plus extremely scoring

thn go for standard costing......need to be thorough wth formulas......can expect atleast 10marks in exams

relevant costing is huge plus highly conceptual........so i would advice either get a copy frm ur frnn or dvd of sanjay ag.........if u are nt good wth concepts....u would face a lot of prblm in exams

and yes even go through theory portion....they are very scoring

CA JATINDER KAPOOR (JOB) (305 Points)
Replied 24 May 2012

1. Relevant Cost

2. OR

3.Decision making

4. Pricing Policy

5. Standard costing

6. Balance as per your wish

ekta. (ca final) (74 Points)
Replied 24 May 2012

1.OR

2.STANDARD COSTING

3.RELEVANT COSTING

4.THEORY PORTION

5.BUDGETORY CONTROL

6 TRANSFER PRICING

7...REST

Ch Subba Reddy (Employee) (94 Points)
Replied 24 May 2012

First start with OR part

Next concentrate on Theory

Decision making

Service costing

Relevant costing

Pricing decisions

Standard costing

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CA.kaya (Chartered accountant) (3990 Points)
Replied 24 May 2012

1. OR

2. relavent costing

3. decision making

4. pricing

5. service sector

6 transfer pricing

7. budgeting

8. std costing

9. remaining

dont leave theory

all the best .. study wel

Chintan (Audit Article) (32 Points)
Replied 24 May 2012

First start with OR part

Next concentrate on Theory

And then do other costing chapters

BVM SATYANARAYANA (Manager Finance and Accounts-CA Finalist) (87 Points)
Replied 24 May 2012

According to the standard proportion start with OR

1)Assignment,Transportation,Simulation,Learning Curve,Graphical and Simplex.

2)TOC,JIT,MRP

3)ABC

4)Pricing&TP

5)Relevant

6)Budget

7)Standard.

I feel this is the most comfortable order of study and it is only suggestive for self study improved my performance in the exam substantially.All the best.

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CA CS MAYANK GAUR (Consultant) (54 Points)
Replied 24 May 2012

Dear Khusboo....
There is no fixed pattern for studying the Costing.
Different persons have different views regarding the same.

However i did my costing preparations from two things.
1. Studied the concepts from the notes of SANJAY AGARWAL sir.
2. But, did solved only those questions which are given in STUDY MATERIAL,
i didnt use practice manual or anything else.
i think those two are enough & sufficient to make u confident enough to clear the exams.

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Rupesh Maheshwari (ACA, Dip. IFR (ACCA)) (6166 Points)
Replied 24 May 2012

1. Simulation

2. Assignment.

3. PERt CPM

4. Transportation.

5. Budget, Pricing Pareto, Return on ROCE,

6. Absorption Costing

7. Relevant Costing.

8. Marginal Costing.

9. Decision Making

and remaining chapters as per your convenience.

Rupesh Maheshwari (ACA, Dip. IFR (ACCA)) (6166 Points)
Replied 24 May 2012

focus more on conceptual problems....wid ICAI's study mat and practice manual...read a liitle theory from a gud book b4 jumping into d practicals...avoid large n big size problems....