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    (M) 9898111379 C.A. Rajan Parikh Arihant Institute Pvt. LTD

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    Ankit Ankit
    The document provides guidance on revising cost accounting and financial management chapters for professional examinations based on past question papers. It lists the most important chapters and topics to focus on for theory and practical questions from each subject. Notes are provided on the type of questions asked, importance of writing practice, and chapter-wise analysis of important questions. Key areas in cost accounting highlighted are standard costing, overhead costing, and contract costing. Important financial management topics include capital budgeting, ratio analysis, leverage, and capital structure.

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    (M) 9898111379 C.A. Rajan Parikh Arihant Institute Pvt. LTD

    Uploaded by

    Ankit Ankit
    116 views5 pages
    The document provides guidance on revising cost accounting and financial management chapters for professional examinations based on past question papers. It lists the most important chapters and topics to focus on for theory and practical questions from each subject. Notes are provided on the type of questions asked, importance of writing practice, and chapter-wise analysis of important questions. Key areas in cost accounting highlighted are standard costing, overhead costing, and contract costing. Important financial management topics include capital budgeting, ratio analysis, leverage, and capital structure.

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    PCC_&_IPCC_CAFM.pdf

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    The document provides guidance on revising cost accounting and financial management chapters for professional examinations based on past question papers. It lists the most important chapters and topics to focus on for theory and practical questions from each subject. Notes are provided on the type of questions asked, importance of writing practice, and chapter-wise analysis of important questions. Key areas in cost accounting highlighted are standard costing, overhead costing, and contract costing. Important financial management topics include capital budgeting, ratio analysis, leverage, and capital structure.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    116 views5 pages

    (M) 9898111379 C.A. Rajan Parikh Arihant Institute Pvt. LTD

    Uploaded by

    Ankit Ankit
    The document provides guidance on revising cost accounting and financial management chapters for professional examinations based on past question papers. It lists the most important chapters and topics to focus on for theory and practical questions from each subject. Notes are provided on the type of questions asked, importance of writing practice, and chapter-wise analysis of important questions. Key areas in cost accounting highlighted are standard costing, overhead costing, and contract costing. Important financial management topics include capital budgeting, ratio analysis, leverage, and capital structure.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    PREFRENCE FOR REVISING COST ACCOUNTING & FINANCIAL MANAGEMENT

    Based on Que. Papers of PE-II, PCC and IPCC - [LAST 4 ATTEMPTS OF IPCC AND 6 ATTEMPTS OF PE-II]

    PREF. CHAPTERS - COSTING T P PREF. CHAPTERS - F.M. T P


    NO. NO.
    1 Marginal & Absorption √ √ 1 Capital Budgeting √ √

    2 Standard costing & √ 2 Cash flow and Fund Flow √


    Budgetory Control
    3 Contract √ √ 3 Leverage √

    4 Material √ √ 4 Cost of Capital √ √

    5 Labour √ √ 5 Capital Structure √ √

    6 Process √ √ 6 Ratio Analysis √ √

    7 Cost Sheet & Reconciliation √ 7 Cash Mgt. √ √

    8 Overhead √ √ 8 Working Capital Mgt. √

    9 Operating Costing √ 9 Receivable Mgt. √ √

    10 Integrated Accounting √ 10 Time value of Money √

    11 Budgetory Control √ √ 11 Inventory Mgt.

    12 Joint Product & By Product√ Sources of Finance

    Basics of Costing √

    Note :
    1 Chapters given in bold laters are most important for theory and therefor for them
    prefrence is not given.
    2 Students are advised and requested to first complete the theory of all the chapters
    for Costing and F.M. and then complete the practicals as the theory weightage is 30-40%.
    3 Normally Budgetory control chapter is asked in combination of Standard Costing and therefor
    individually much preference is not given.
    4 At the time of Revising this subject writing practice is must required, so pls. avoid to do tick marks
    on the solutions.
    5 Chapterwise analysis is given for the important que.s asper the past trends so focus more
    on this but do other que.s and theory also.
    6T Theory
    P Practicle

    (M) 9898111379 C.A. RAJAN PARIKH


    E-mail :[email protected] ARIHANT INSTITUTE PVT. LTD.
    CHAPTER WISE IMPORTANT PRACTICLES & THEORIES
    Based on Que. Papers of PE-II, PCC and IPCC - [LAST 4 ATTEMPTS OF IPCC AND 6 ATTEMPTS OF PE-II]
    COST ACCOUNTING
    CHAPTER PRACTICAL THEORY

    Marginal & Absorption


    Marginal & Absorption Cost sheet Cash BEP
    BEP BEP
    Calculation of sales Margin of saftey sales
    Margin of saftey sales

    Standard Costing
    Preparation of Budget & variance analysis
    Capacity ratios
    Material and Labour cost variance

    Contract
    Preparation of Contract A/c Cost plus contract & advantages
    Calculation of work certified and cont.price Escalation clause( practical also)
    Calculation of profit to be trf. To P&L a/c
    Preparation of contractee & WIP a/c
    B/s extract ( relevant entries )

    MaterialEOQ and calculation of mat.cost ABC Analysis


    Stock Levels Economic Batch quantity- EBQ
    Stores Ledger - diff.methods Bincard and Stores Ledger difference
    Discount offer acceptance or rejection Bill of material
    Two bin system, MRN, PRN
    Diff. between Spoilage & Defectives
    Diff. between Scrap & Defectives
    Perpetual inventory & continuous
    stock taking

    Labour Halsey plan - hr. rate Explain wage system


    Halsey, Rowan, Emerson, Barth plans Job evaluation & merit rating
    Hr. rate from Halsey & Rowan paln Labour T/O Rate
    Labour T/O Rate Halsey, Rowan, Emerson, Barth plans
    Calculaton of wages & factory cost Casual & out workers

    ProcessSimple que. On process I,II and III Treatment of normal & abnormal loss
    Inter process profit Treatment of abnormal loss & ab.gain
    Equivalent prodn. Process I & II

    (M) 9898111379 C.A. RAJAN PARIKH


    E-mail:[email protected] ARIHANT INSTITUTE PVT. LTD.
    CHAPTER PRACTICAL THEORY

    Cost Sheet & Reconciliation


    Cost sheet & Reconciliation Uniform costing
    Determination of selling price Job & batch costing
    % of factory O.H. and cost sheet Batch & uniform costing
    Treatment of cost of Insurance,
    Bad debts, Cash discount.
    Industry-method of costing-unit of cost

    Overhead
    Segregation of O.H. into fixed and variable Cost apportionment & cost absorption
    Machine Hour rate Bases for determining the
    Primary and secondary distribution of O.H. Pre-dermine rate/ Recovery rate
    Capacity Ratios Blanket O.H.
    Methods of Absorbing under & over
    Absorption rate

    Operating Costing
    Calculation of composite unit cost
    Calculation of cost per tonne km.
    Calculation of rent for single & double room

    Integrated Accounting
    Routine que.

    Budgetory Control
    Flexible Budget Functional Budget
    Components of budgetory control

    Joint Product & By Product


    Calculation of new material mix Spoilage, Defectives, Scrap,waste
    Methods of Apportonment of Joint cost
    Basics os Costings
    ONLY THEORY
    Relevant & Irrelevant cost Different terms for cost
    Opportunity & incremental cost Imputed cost
    conversion cost Sunk cost
    Explicit and implicit cost Cost & Profit centre
    Cost control & cost reduction

    (M) 9898111379 C.A. RAJAN PARIKH


    E-mail:[email protected] ARIHANT INSTITUTE PVT. LTD.
    CHAPTER WISE IMPORTANT PRACTICLES & THEORIES
    Based on Que. Papers of PE-II, PCC and IPCC - [LAST 4 ATTEMPTS OF IPCC AND 6 ATTEMPTS OF PE-II]
    FINANCIAL MANAGEMENT
    CHAPTER PRACTICAL THEORY

    Capital Budgeting Outsourcing vs.Purchase of Machine IRR


    Mutually Exclusive Projects NPV
    Sipmle Que. On all methods PI/DESIRABILITY Factor/ Cost benefit
    Replacement Discounted Payback
    Single Project Multipal IRR
    Methods : NPV, IRR, PI, PAYBACK, Capital Rationing
    DISCOUNTED PAYBACK

    Cash flow & Cash flow from P&L and B/S


    Fund flow Working capital changes statement
    Simple fund flow
    B/s ratios and fund flow

    Leverage Income statement from the leverage Trading on Equity


    EAT OR PAT from leverage Business and Financial Risk
    Combined Leverage
    All leverages and EBIT
    EPS and Leverages

    Cost of Capital Calculation of Kr - simple que. Ploughing back of profit


    Weighted Avg. COC - Ko Ko
    Capital structure and then Ko Cut -off rate
    Ke as per CAPM and pricing "cost of retained erning is zero" explain
    Short note on CAPM

    Capital Structure Value of firm - NOI & NI Approch Debt/Equtiy and EBIT- EPS for
    Indiffrence point Indifference point
    Selection of best source of capital Optimum captal structure
    as per mkt. value and P/E Ratio Factors to be considered to determine
    M-M approach - arbitrage process Optimum captal structure
    Graph- EBIT-EPS Relation Proposition in M M approach

    Ratio analysis Calculation of Prop. Fund and F.A. Limitations of financial ratios
    Ratio and B/S Debt coverage ratio
    ROE- with Dupont Model
    Quick ratio, Stock T/o, Gearing Ratio

    (M) 9898111379 C.A. RAJAN PARIKH


    E-mail: [email protected] ARIHANT INSTITUTE PVT. LTD.
    CHAPTER PRACTICAL THEORY

    Cash Mgt. Willim J. B. cash model Willim J. B. cash model


    Optimum cash balance Optimum cash balance
    Miller orr cash Mgt. Miller orr cash Mgt.

    Working Capital Mgt. Operating cycle and W.cap. Required Factors affecting W.Cap.Mgt.
    Simple que. Insrument in Investment Mkt.
    Double Shift Que. Commercial paper

    Receivable Mgt. Credit sales Mgt. and collection period Factoring and bills discounting
    Credit mgt. Factoring and Credit sales

    Time value of Money Calculation of interest rate by T& E


    and maturity amt.
    Non annual compounding que.
    Que. From extra sheet

    Inventory Mgt. Calculation of optimum saftey stock optimum saftey stock

    Sources of Finance ONLY THEORY

    Seed capital assistance Dip discount bonds


    Bridge finance Floating rate
    GDR & ADR Venture capital Finance
    Debt securitisation Financial institute in Mkt.
    Secured premium notes Equity shares, pref share capital
    Open & close ended Lease Market security

    Financial Mgt. ONLY THEORY

    Functions of finance manager


    Wealth Maximisation

    (M) 9898111379 C.A. RAJAN PARIKH


    E-mail: [email protected] ARIHANT INSTITUTE PVT. LTD.

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