Cost Accounting :
Now moving over to costing, i will suggest you agin that feel the subject. Make it sure it's set in your mind that it is easy. Hope you remember my points I wrote in FM Tips file.

Costing
-Easy to understand
-Easy to solve in practise
-Easy to answer in exams
-Easy to keep in mind
-Scorable
-Interesting Subject
-Brings out the best in you as you would run to save some cost 
Saving is the real wisdom........

Before starting any of the chapter i will suggest to know what cost a/c means. Read the 1st chapter. Clearly understand the definitions.
Learn the cost sheet and what is to be deducted from what because that creates problems later. Know the items of costing and finance. This is must always.
As i said before feel this subject.

Now 1st chapter can be finished in just 3 hours with other learning. [In last file i wrote to complete basic of costing, you can do in that days also or now if not done before]

Next day move to Materials, Labour, OH-  4 Hours each atleast required to do it completely perfect. 

So i guess in a week you are done with this main Chapters.

I will suggest to prepare a 100 pages side book where you keep jotting down methods as sometimes there are specific methods in costings. Also write formulaes of each chapters.

Now in next week complete all the small chapters Except std costing, budget and joint products. 
Just 3 hours daily will be sufficient.

{Above all is to be done from module}

Now in next Week You will complete costing as you are only left with 3 chps, This can be completed with 3 hours each in 3 days + Revision in same of of old methods and formulaes fin 1/2 hour included in 3 hours.

Now PM
Everybody has a thought in mind brought by someone that PM's needs atleast 15 days to be solved.
But my point is why not solve PM in 3 days, full, so-so, by own, for the first time.
Then next time again in 3 days, full with little bit of less mistakes than before.
Then again next time in 3 days with full perfection as now you would know where you make mistake.
This way you will get PM's revision for 3 times.
Time may vary but 5 hours daily means in total 15 hours. Try to sit this much time only so that you will know how much you can solve. You can do it as you have Practised module sums.
[P.S. Don't do this method for FM but yes for Accounts and Tax it can be applied]
So now you can be prepared for costing perfectly and can solve with confidence in exams :)

The time management according to this schedule will help you to prepare other subjects also.

[Note : Please read the tips of FM file also because in that i have mention how to start study and what has to be in mind]

Maintain Cost -Oh I mean time
Manage per unit cost -Oh I mean Positive attitude towards this and all subjects in particular
Bring out the best possible cost -Oh I mean bring out the best in you as Human Being's Journey is all about that :)

Keep Going :) With Positive Mind :)



Please do provide feedback :)

Thank You,
Ankita Chawla











P.S. The main problem is of exam days. Many students are well prepared before exams, are open minded before exams, can solve almost any problems but as exams arrived their mind stops. It may be due to mis-management of time or health or some other issues. Soon i will be uploading a file where i would be telling how to deal with day before exam Specially for IPCC students but tips can be followed by Final students also.