IPCC-Tips for Cost Accounting
Cost Accountancy looks bigger than Financial Management but it is not that big or difficult as it is framed. If you are having problem in this subject then here you can follow some tips for Cost Accounting:
1. Refer PADHUKA book for Cost Accountancy. It contains past 60 exams questions and RTP. It is completely IPCC exam oriented book.
2. Out of 10 Chapters of costing 6 chapters are easy and simple, these are operating costing, Marginal costing, Materials, Budgetary control, contract and Integrated system & Reconciliation. It will just take few days and you can complete it quickly and the effort you have to give is only on practice. Exam hall is not a place where you just ‘sit and think’ the solutions, you have to answer quickly. So if you lack in practice then there is no trick which can save you from this subject in PCC/IPCC. Please practice cost and FM every day, try to solve all the questions of Padhuka or compiler and revise them as many times as you can because in Costing you may be knowing the chapters and you could also do its basic sums at home but you still need a lot of practice to do the sums in exam as you will be only having 3 hours and C.A level questions to be completed in 3 hours requires a lot of practice (Specially the previous year questions).
3. Start with a small or simple chapter first, it eases the pressure and makes the subject interesting at the first impression. So even if you are revising the subject from the beginning then pick a small chapter first but then onwards jump onto the important or big chapters....
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