I just wanted some help on the IPCC Subject costing. The thing is that I have not opted for tutions but self study.
I bought a Padhukas book on Cost Acc and FM which has loads of problems and solutions.
So how do i handle the subject - i mean how do i go about in preparing this subject.
And why is that this subject is so low scoring and people literary don't pass IPCC because of this. Is it that problems are tuf or the correction that is stringent? Which is more tuf - Costing or FM? Could you give a detailed analysis on how to handle these 2 subjects - Cost
08 August 2010
Conceptual clarity is a must in Costing.
The main reason of failure of CA students in Costing is that they don't do that much labour to understand theory part. They wish to rush for practicals. Without understanding theory properly; it is difficult to solve practicals.
To clear the concepts; read a para and then analyze it. It would be better if you can put certain figures(numbers) to understand it wherever practically possible. Then apply your knowledge in the examples first. If the answers are in line with your understanding; fine. Otherwise take it as your concepts are not clear.
If you are clear about the theory part; you will have lesser time to solve practicals.
But generally students are ready to solve so many problems but reluctant to see the theory part.
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