Embed Size (px)
Citation preview
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 1 | P a g e
COSTING AND FINANCIAL MANAGEMENT
IMPORTANT Practical & THEORY
QUESTIONS ( from ICAI Practice Manual & Study material based on July 13 edition)
FOR CA IPCC – Nov.2014 EXAM
“WRITING ONE MODEL EXAM = AVOIDING ONE ATTEMPT”
CA TEST SERIES Test Timing Any day, any time (students choice)
No. of test 5 test per subject
Method of test Test
No
% of coverage Marks Time
1 First 25% of
syllabus
50 1 ½ hrs
2 Next 25% of
syllabus
50 1 ½ hrs
3 Next 25% of
syllabus
50 1 ½ hrs
4 Next 25% of
syllabus
50 1 ½ hrs
5 FULL syllabus 100 3 hrs
Valuation by CA + Personal counseling session (On one to
one basis)
For details Ct. CA.Seetharaman 09841413755
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 2 | P a g e
CA TEST SERIES PREMIER ACADEMY, one of the leading institutions for CA Coaching at Chennai launches a
new self examination programme for students. Students pursuing Chartered Accountancy have
often faced a problem of insufficient practice to take up CA exams. To overcome this difficulty,
we have introduced a “CA TEST SERIES” wherein students have the option to take tests either at Premier Academy or from home.
The salient features of this test series are:
A set of 5 tests will be arranged for students. The syllabus will be covered in the first four
tests in a phased manner. The final test ( 5th test) will be a full fledged test covering the whole
syllabus.
Students can take tests at Premier Academy or from their home.
Students opting for home test, question paper will be sent by email on mail request to our
email ID: [email protected] & they have to send back the answer
sheets to the academy for valuation.
Answer sheets will be evaluated by faculties – Chartered Accountants – Authors – ICAI
Paper evaluators.
Personal counseling session (On one to one basis) will be arranged with the students to know
their performance.
Suggested answers will be provided for all the tests.
Students are advised to collect the valued answer paper from the faculty & get the advice.
Students can choose the date & time of exam at their convenience (Purely students choice).
WE LIST FEW BENEFITS OF THIS SCHEME OF TESTS
“WRITING ONE MODEL EXAM IS EQUAL TO AVOIDING ONE ATTEMPT”.
Students can improve their time management skills.
Students can considerably save time and costs attributed to travelling.
Also this will be useful for students who have already completed their class well in advance
before examinations for self evaluation and improvement.
Students in remote locations who don’t have enough coaching facilities can equip themselves
for examinations by experiencing the toughness well before the main exams.
Above all we believe that writing examinations from home will cultivate SELF DISCIPLINE,
which is the first and foremost requirement to pass any examination.
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 3 | P a g e
For all these benefits we charge only a nominal fee of Rs.500 per subject (for all the 5tests) or
Rs.250 for the test of FULL syllabus test No.5 alone, So make use of this opportunity and
face the main exams with confidence.
o PREMIER ACADEMY - Team of our Faculties:
CA.K. HARIHARAN
CA.K. SHANMUGANATHAN
Dr.P.R. VITTAL
Prof. B.V.N. RAJESWER
CA.VIKAS OSWAL
Adv. RAMKRUSHNA SASTHRI
CA. RAJESEKAR
CA.K. SWAPNA
CA. SEETHARAMAN
Prof. SUBBURAMAN
CS. BHARATH
For Details Contact:
PREMIER ACADEMY,
No 222, RK Mutt Road, 2nd Floor,
Next to Canara Bank (Opp to TVS Showroom)
Mandaveli, Chennai – 600 028
Phone: 044-24622694/099400 13982
www.cahariharan.blogspot.com
www.premieracademy.in
IMPORTANT THEORY QUESTIONS
1) Short notes: - Responsibility centre - Differential cost - Pre-production cost - Opportunity cost - Out-of-pocket cost - Conversion cost
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 4 | P a g e
- Retention money - sunk costs - Discretionary costs - Escalation clause
- Idle time
- ABC analysis
- Key factor
- integrated accounting system
- split off point
- Angle of incidence
- External Commercial Borrowings (ECB)
- Debt securitization
- Zero Coupon Bonds
- Aging schedule
2) Differentiate: - Product costs & period costs - Controllable & uncontrollable - Implicit costs& explicit costs - Bin Cards & Stores Ledger - cost reduction and cost control - cost centre vs. cost unit
- Casual Worker and Outworker
- Allocation and apportionment
- BOM Vs.MRN
- Perpetual inventory & continuous stock taking
- Time Keeping and Time Booking
- Job Evaluation & Merit Rating
- Marginal costing and absorption costing
- Fixed and flexible budget
- Blanket overhead rates & departmental rates
- Job & contract costing
- Operation cost & operating cost
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 5 | P a g e
- Job costing & process costing
- Job Vs. batch costing
- Joint-product and by-product
- Profit maximization vs. wealth maximization
- Implicit vs. Explicit cost of capital
- Working capital cycle
- Open ended & close ended lease
- Business risk & financial risk
- funds flow statement & cash flow statement
- ADR Vs. GDR
- Concentration banking & lock box system
- Miller – Orr cash management model
- Bridge finance and seed capital assistance
3) Differentiate between WASTE and SPOILAGE and its cost accounting
treatment
4) Discuss the concept of overtime premium & its accounting treatment
5) Identify the causes of labour turnover
6) Enumerate the objectives of cost accounting 7) Discuss essential features of a good cost accounting system 8) Methods of segregating Semi-variable costs into fixed and variable costs 9) Costs which are associated with labour turnover
10) Treatment of under-absorbed overheads in cost accounting
11) List down the advantages of cost plus contract
12) Discuss the accounting treatment of by-product
13) Discuss cost-volume-profit analysis
14) Discuss General ledger adjustment account
15) Costing accounting treatment of under absorption and over absorption of
overhead
16) Discuss the role of CFO.
17) List down the functions of the treasury department:
18) Enumerate the pre-requisites for integrated accounts
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 6 | P a g e
19) Identify the causes for differences between Income under cost and
financial accounts
20) Discuss basic aspects of financial management
21) List down characteristics of source of funds
22) Different types of packing credit facilities
23) List down the features of commercial papers
24) Discuss the types of floats in the context of cash management
25) Discuss the procedure for factoring
26) Methods of computation of time value of money
27) List down the assumptions in capital structure theories
28) List down the assumptions under Modigliani and miller approach (MM)
29) Brief on concept of trading on Equity
30) Discuss Modified internal rate of return method
31) Define optimum capital structure and its benefits.
32) Need for debt service coverage ratio
33) Discuss Du Pont chart for calculating return on equity
34) List down methods of Venture Capital Financing
35) Briefly discuss lease financing
36) Discuss on ploughing back of profit
Costing Important Questions - ICAI Practice Manual
Question No. Page No.
Material Costing
9(b) 2.09
13 2.13
18 2.19
19 2.21
22 2.25
24 2.26
27 2.30
28 2.31
34 2.35
35 2.36
37 2.38
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 7 | P a g e
Labour Costing
15 3.15
17 3.18
18 3.19
21 3.21
22 3.23
28 3.31
29 3.32
30 3.33
31 3.34
38 3.38
41 3.41
42 3.42
43 3.44
Overheads
15 4.16
18 4.21
19 4.23
20 4.23
21 4.25
24 4.30
25 4.32
26 4.34
27 4.35
29 4.37
30 4.40
33 4.41
39 4.48
Process Costing
1 9.2
4 9.5
5 9.7
6 9.9
8 9.14
12 9.21
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 8 | P a g e
14 9.24
Joint & BY Products
1 10.2
3 10.9
5 10.16
8 10.21
Operating
1 8.2
3 8.5
4 8.8
5 8.9
8 8.15
Contract Costing
6 7.8
7 7.10
9 7.12
10 7.14
13 7.15
14 7.16
15 7.17
Non Integrated Accounts
6 5.7
12 5.22
13 5.25
17 5.34
21 5.37
23 5.42
Standard Costing
1 11.7
2 11.7
5 11.12
6 11.15
9 11.19
Budgetary Costing
2 13.3
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 9 | P a g e
3 13.5
5 13.10
9 13.12
Marginal Costing
1 12.3
3 12.4
4 12.5
6 12.8
7 12.8
9 12.11
11 12.12
12 12.13
15 12.15
Costing Important Questions - ICAI Study material Question No Page No
Material Costing
8 2.27
9 2.28
4 2.23
5 2.24
6 2.25
10 2.29
12 2.32
Labour Costing
7 3.38
8 3.40
16 3.48
18 3.50
Overheads
4 4.16
5 4.18
9 4.36
10 4.37
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 10 | P a g e
14 4.45
15 4.46
Process Costing
2 9.4
3 9.6
6 9.12
7 9.14
8 9.16
Joint & By Products
13 10.8
5 10.10
Operating Costing
1 8.2
3 8.4
4 8.6
5 8.8
Job & Batch Costing
2 6.9
3 6.11
4 6.14
5 6.15
6 6.17
7 6.17
Contract Costing
1 7.4
2 7.6
4 7.9
5 7.12
7 7.15
10 7.21
Non Integrated Accounts
1 5.7
3 5.12
4 5.15
7 5.24
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 11 | P a g e
9 5.31
10 5.32
13 5.44
15 5.48
Standard Costing
3 11.14
4 11.15
5 11.17
7 11.21
8 11.22
10 11.30
14 11.34
17 11.39
Budgetary Control
1 13.13
3 13.15
6 13.35
9 13.45
Marginal Costing
4 12.17
6 12.18
10 12.21
11 12.22
15 12.27
21 12.32
FM Important Questions ICAI Practice Manual
Question No Page No
Chapter – 3
Unit – 1
13 3.15
14 3.17
15 3.18
16 3.20
18 3.26
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 12 | P a g e
20 3.32
22 3.34
23 3.35
Unit – 2
4 3.49
9 3.63
12 3.71
Chapter – 4
Unit -1
6 4.14
9 4.22
10 4.23
13 4.29
14 4.30
17 4.33
Unit – 2
18 4.51
19 4.53
20 4.55
Unit – 3
4 4.57
6 4.59
7 4.60
8 4.61
9 4.63
10 4.64
11 4.65
12 4.66
13 4.67
14 4.68
15 4.70
16 4.71
17 4.71
18 4.72
19 4.74
20 4.75
Chapter – 6
10 6.9
11 6.12
12 6.14
13 6.16
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 13 | P a g e
14 6.17
20 6.29
21 6.30
23 6.34
25 6.38
26 6.40
28 6.45
34 6.54
36 6.58
Chapter 7 Working Capital Management
Unit – 1
4 7.9
5 7.10
6 7.13
12 7.22
13 7.24
15 7.28
Unit – 2
10 7.53
Unit – 3
1 7.57
Unit – 4
4 7.61
6 7.63
8 7.66
9 7.67
12 7.70
13 7.71
15 7.73
17 7.76
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 14 | P a g e
Important Questions FM ICAI Study Material Question No Page No
Chapter 3
Unit-1
21 3.27
23 3.33
24 3.33
25 3.34
26 3.35
27 3.38
28 3.41
29 3.42
Unit – 2
2 3.60
6 3.65
7 3.68
Chapter – 4
Unit – 1
3 4.6
9 4.12
10 4.15
11 4.16
13 4.18
Unit – 2
2 4.33
3 4.34
5 4.38
7 4.43
8 4.44
Unit – 3
2 4.62
4 4.66
5 4.67
7 4.70
Chapter – 6
7 6.15
10 6.20
11 6.25
16 6.36
17 6.39
PREMIER ACADEMY
No.224, RK Mutt Road, 2nd
Floor, Next to Canara Bank, Opp. to TVS
Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661450;
www.cahariharan.blogspot.com; www.premieracademy.in
AIM CA JOIN PA 15 | P a g e
Chapter – 7
Unit – 1
4 7.17
6 7.20
7 7.21
10 7.30
13 7.37
Unit -2
8 7.63
Unit – 4
2 7.76
For costing & FM important Theory & practical questions from ICAI
Practice manual & Study material for Nov. 2014 Exam
visit www.premieracademy.in or www.cahariharan.blogspot.com or mail
WINNERS NEVER QUIT &
QUITTERS NEVER WIN
WISH U ALL THE VERY BEST
