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162 Points
Joined October 2012
Analysis-Paper 3: Cost Accounting and Financial Management
* Overall: As expected 32 marks theory (if any practical question left fully). All in all, ICAI try to cover the important topics but ignored Cost of Capital and Capital Structure, Cash Management, Receivable Management Budgetary Control, Process Costing, Operating Costing etc.
* Standard paper at IPCC level.
* ICAI asked
From cost accounting
Q. 1(b) - Labour Costing (5 marks)
Q. 1(d) - Material Costing (5 marks)
Q. ...
2(a) - Overhead Costing (8 marks),
Q. 3(b) - Contract Costing (4 marks),
Q. 4(a) - Standard Costing (10 marks),
Q. 6(a) - Marginal Costing (8 marks)
Q. 6(b) - Non Integral Costing (8 marks)
Balance marks for theory
From Financial Management
Q. 1(a) - Leverage (5 marks)
Q. 1(c) - Time Value of Money (5 marks)
Q. 2(b) - Ratio Analysis (8 marks) - Tricky
Q. 3(a) - Working Capital Management along with fund flow (12 marks)
Q. 4(b) - Capital Budgeting (10 marks)
Balance marks for theory
* Verdict: As per my opinion little bit lengthy paper. I can say ICAI maintain the professionalism this time. Difficulty level is "Above Average