Cost and Management Accounting is a hybrid subject, which means it has both practical and theoretical types of questions. It is crucial subject because it covers various important topics like cost control, budgeting, costing techniques, and so on. 

This subject provides students with knowledge how to analyze and manage costs effectively in a business environment.

In this article, students will get to know about the ABC analysis and weightage of the marks, which will be helpful for them to get good marks.

ABC Analysis and weightage of marks

How do I get exemption in Cost and Management Accounting?

Understand the syllabus and exam pattern: The first and foremost way to get good marks is to understand that in cost and management accounting, 70% marks of questions are descriptive type, while 30% marks are questions are objective type. Also, start your preparation with basic topics instead of complex topics.

Regular Practice and revision: Remember, “Practice makes a man perfect” Practice as many questions as possible until you become perfect on them.  On the other hand, revision is equally important, as it helps to strengthen the concept and helps to remember it for a long time.

Practice with ICAI study Material: It is mandatory to study ICAI study Material like RTPs, MTPs and previous year question papers rather than coaching material because ICAI study material is up-to-date and directly aligns with the latest exam pattern and syllabus.

Focus on important topics: well, practicing all the topics is important, but focusing on key areas like standard costing, marginal costing and budgetary control can be beneficial. Also, analyze past year papers so that you can prepare well for the topics on which questions are coming again and again.

Practice Mock Test Papers: By giving Bhagya Achievers mock test papers, students can simulate the exam conditions. This also improves your speed and accuracy, as well as you can analyze your performance and weak areas in which you have to work hard.

Seek Guidance: Cost and management is a little bit challenging if students face any kind of difficulty in any topic, then it is better to seek guidance from friends or a mentor rather than leaving the topic because all topics are important.

Theory questions are equally important: Cost and Management Subject is a mixture of both theory and practical type of question. It is important to understand the theory part carefully so that you can apply it in a practical scenario.

How to Attempt Practical Questions in Cost and Management Accounting?

• Read and Understand the question carefully 
• Present your solution in a clear and concise manner
• Put all the headings properly.
• Highlight the total calculation
• At the time of complex formula, check your calculation twice
• Try to make working notes at the end of the answer 

Conclusion: 

Although getting an exemption in cost and management accounting is tough, it is not impossible. With the help of the aforementioned points, hard work, and regular practice, you can definitely get an exemption. 

If you are the one who doesn’t know about the other subjects of the CA Inter course ABC Analysis and weightage of marks, then we provide students Advance Accounting, Taxation, Auditing and ethics, Financial management and strategic management, corporate and other law so that student can get an idea about the important topic and they can make strategies according to that.

How do Bhagya Achievers help?

Bhagya Achievers have different study plans which are designed to help the student so that they can become CA.

Our test papers are specially designed by the CA experts according to the ICAI exam pattern. 

Bhagya Achievers Provide Exam Booster one-to-one Mentorship Plan. Below are the features of this plan:

• One to one call session with the mentor
• Mentor will call at that time, which is decided by the student 
• A Customized study plan and daily target will be provided by the mentor
• The Mentor will tell you the tips and tricks on how to cover weak areas and left out topics
• Strategies to recall things and how to manage new questions in exams
• Revision strategy for all the subjects by CA

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