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Costing
I feel scared abt this subject. I am not having confidence in this particular subject Can anyone guide me on this. I get stuck a lot while solving problem and also I do lot of silly mistakes. Also say some imp chapters so that I cover atleast 60-70 M and be perfect in that
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Important Chapters: 1) Standard Costing 2) Marginal Costing 3) Budget 4) Activity Based Costing 5) Cost Sheet The above chapters will help you get passing marks. But, to be on the safer side, do cover some 5 more easy chapters to score good marks, like Material Cost, Contract costing, Unit and Batch costing, etc. - Don't leave any chapter fully. Solve atleast basic problems from each chapter. - Be thorough with ICAI study material's illustrations and book-back questions. - Solve RTPs, MTPs and PYQs of past 5 attempts. This will give you confidence.
I think majority of the students feel the same for costing... But to overcome this fear i recommend u to practice lot of questions daily from icai study material,rtp ,MTP,past questions paper..oly from these sources questions will be drafted... Apart from this u must hav atmost clarity on this subject... Carefully Observe how the faculty deal with the question like how to start and end it .. It's basically a mindgame ...
Revision only cures stucking as per my experience. Revise the concepts daily atleast one hour. Try to revise concepts of 1 chapter per day. Then slowly increase it to 2 chapters per day. Also note down the mistakes you doing in first page of your module, before going for revision refer it.
check Past paper evaluation under Free resources to know the weightage of marks for each chapter https://www.indigolearn.com/resources/CA-Past-Exam-Analysis/CA-Inter/d2069f2e94f74a1e9a6bf35643c7fb24/CAInter-COSTING-Paper-Analysis-IL-pdf/0dfeec9f71c0499ba4a67accb0249064/r
Get motivated and tips from the toppers https://youtube.com/live/prpom7CJYAM
The subject is vast and even in my case despite solving all past papers from 1981 till 2006, It was still appearing tough. The reason is it is a subject where you can ask questions from anywhere and everywhere. Right from a road side tea stall cost & profit to a manufacturing/service company. Some chapters are formula based - ensure you remember formula. Some chapters like ABC, Marginal analysis are more conceptual based. Everytime you see a question on costing, think you are running that business and try to solve. Silly Mistakes - You need to be focussed while solving.
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