Important topics of cost accounting & financial management for ipcc may 2013 exam
COST Accounting and financial management
paper
Cost accounting
1. Read marginal costing along with absorption
costing and EOQ.
by doing this you will get your three chapters
completed marginal,absorption and cost
sheet.
2. Then revise standard costing.( MIX VARIANCE MOST Important).as it follows
approach of both absorption and marginal
costing as well.
3. Then revise overheads costing as it comes
out from absorption costing.
4. Material and labour & overhead chapters are different..do
them separately and they are really easy.
5. Apart from the above some imp topics are
contract costing and budgetary control.
costing and EOQ.
by doing this you will get your three chapters
completed marginal,absorption and cost
sheet.
2. Then revise standard costing.( MIX VARIANCE MOST Important).as it follows
approach of both absorption and marginal
costing as well.
3. Then revise overheads costing as it comes
out from absorption costing.
4. Material and labour & overhead chapters are different..do
them separately and they are really easy.
5. Apart from the above some imp topics are
contract costing and budgetary control.
financial management
1. First revise theory of sources and application
of finance..it would help you in better
understanding of subject and it will solve theory
portion too.
2. All other chapters of this subject are related
to
the above chapter. First revise ratio analysis
(purpose is to observe performance and
investments)
Then go for capital budgeting
Then cost of capital and leavrage and working capital management , fund flow and cash flow
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