Problems and Solutions in Cost and Management Accounting (CA Inter, New Syllabus, for May 2024 Exams and Onwards)

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Description
1. Deals with Problems and solutions for all chapters in the course
2. Arrangement in each chapter is:
  (a) From simple problems to advanced problems in a chronological manner
  (b) Each chapter is further subdivided in various sections to develop the concepts in a logical flow
3. (Each chapter has a "Table of Index' for quick reference indicating the no. of questions in each section)
4. Questions from last 21 past examinations conducted by ICAL, RTP's (Revisionary Test Papers), MTP's (Mock Test Papers) and other professional bodies have been incorporated to provide an extensive understanding of each and every topic and simultaneously providing an extensive practice
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Table of Contents
Chapter 1. Introduction to CMA.
Chapter 2. Material.
Section I Theory Questions
Section II Problems-EOQ
Section III Problems - Inventory Stock Levels
Section IV Problems-ABC Analysis
Section V Problems - Valuation of Inventory
Section VI Problems-Store Ledger
Section VII Problems-Inventory Turnover Ratio
Section VIII Problems - Miscellaneous
Chapter 3. Labour
Section I Theory Questions
Section II Problems on Plans - Halsey, Rowan, etc.....
Section III Problems-Group Bonus
Section IV Problems-Labour Turnover
Section V Problems - Advanced
Section VI Problems - Treatment of Overtime
Section VII Problems - Miscellaneous
Chapter 4. Overheads
Section I Theory Questions
Section II Problems - Apportionment of Overheads
Section III Problems - Machine Hour Rate
Section IV Problems-Absorption of Overheads
Section V Problems - Treatment of under and over recovery
Section VI Problems - Miscellaneous.
Chapter 5. Activity Based Costing
Section 1 Theory Questions
Section II Basic Problems
Section III Advanced Problems
Chapter 6. Cost Sheet
Section I Basic Problems - Cost Sheet
Section II Basic Problems - Cost Sheet
Section III Advanced Problem-Cost Sheet
Section IV Problems - Missing Data
Chapter 7. Cost Accounting Systems
Section I Theory Questions
Section II Problems - Reconciliation of Cost and Financial Accounts (Statement)
Section III Problems - Reconciliation of Cost and Financial Accounts (Memorandum Reconciliation Account).
Section IV Problems-Reconciliation of Cost and Financial Accounts (Cost Sheet Reconciliation Statement)
Section V Problems-Non-Integrated Accounts
Section VI Problems-Integrated Accounts
Section VII Problems - Non-Integrated Accounts + Reconciliation of Cost and Financial Accounts.
Chapter 8. Unit & Batch Costing
Section I Theory Questions
Section II Simple Problems - Unit Costing (Cost Sheet).
Section III Advanced Problems - Unit Costing (Cost Sheet).
Section IV Simple Problems - Job Costing (Cost Sheet for a Job).
Section V Advanced Problems - Job Costing (EBQ)
Chapter 9. Job & Contract Costing.
Section I Theory Questions
Section II Basic Problems - Job Costing
Section III Advanced Problems - Job Costing
Section IV Basic Problems-Contract Costing.
Section V Advanced Problems-Contract Costing
Chapter 10. Process & Operation Costing
Section I Theory Questions
Section II Basic Problems - Without W.I.P
Section III Problems - Based on Equivalent Production [FIFO] (With Opening W.LP.) Note: Making Process-I only
Section IV Problems - Based on Equivalent Production [Weighted Average] (With Opening W.LP.) Note: Making Process-I only
Section V Problems - Based on Equivalent Production [FIFO and Weighted Average) (With or without Opening W.L.P.) Note: Making   Process-II directly.
Section VI Problems - Based on Equivalent Production [FIFO and Weighted Average) (Wi or without Opening W.L.P.) Note: Making both Process-I and II
Section VII Problems - Inter Process Profits
Chapter 11. Joint and By-products
Section I Theory Questions
Section II Problems - Methods of Apportionment of Joint Processing Cost
Section III Problems - Apportionment & Decision Making (Whether to further process
Chapter 12. Service Costing/Operating Costing
Section I Theory Questions
Section II Problems-Computation of Passenger Kilometers/Tonne Kilometers
Section III Basic Problems-Transport Services
Section IV Advanced Problems-Transport Services
Section V Problems - Hotel Costing
Section VI Problems-Hospital Costing
Section VII Problems Airline Costing
Section VIII Problems-Costing of Toll Roads
Section IX Miscellaneous Problems-Other Services.
Chapter 13. Standard Costing.
Section I Theory Questions
Section II Problems-Material Variances
Section III Problems - Labour Variances
Section IV Problems - Fixed Overhead Variances
Section V Problems - Variable and Fixed Overhead Variances
Section VI Mix Problems - Material and Labour Variances
Section VII Comprehensive Problems
Section VIII Problems - Variances with WIP (equivalent production concept)
Section IX Problems - Control Ratios [Note: This section is also covered in the Chapter 'Budgets and Budgetary Control']
Chapter 14. Marginal Costing
Section I Theory Questions
Section II Basic Problems - CVP Analysis
Section III Advanced Problems - CVP Analysis
Section IV Problems - Decision Making
Section V Problems - Absorption Costing
Chapter 15. Budgets and Budgetary Control
Section I Theory Questions
Section II Problems - Production Budget
Section III Problems - Material Purchase and Consumption Budget
Section IV Problems-Flexible Budget
Section V Problems - Cash Budget
Section VI Problems - Control Ratios
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Author Details
CA Parveen Sharma, B.Com (H), F.C.A, A.C.M.A, C.S Post Graduation in Accounting Standards, US GAAP & Certified Valuer
CA Kapileshwar Bhalla, B.Com (Hons), FCA