How To Score In Strategic Cost Management And Performance Evaluation

Clearing CA final examination could certainly be a life-changer but each step leading towards this big, audacious goal needs to be strong and steady. CA final subject-wise tips are designed to help you with each subject for a better chance at making the cut.

Preparing for CA Final SCM and PE is no child’s play. One has to be thorough in one’s concept and dedicated in one’s practice while keeping the below-mentioned CA Final SCM and PE tips in mind:



Strategic Cost Management and Decision Making






Part I: Strategic Cost Management (Max ~25%)



Introduction to Strategic Cost Management



Modern Business Environment



Lean System and Innovation



Cost Management Techniques



Cost Management for Specific Sectors



Part II: Strategic Decision-Making (~15%)



Decision Making



Pricing Strategies/Decisions



Performance Evaluation and Control



Part I: Performance Evaluation and Reporting (Max ~25%)



Performance Measurement and Evaluation



Divisional Transfer Pricing



Strategic Analysis of Operating Income



Part II: Managerial Control (Max ~15%)



Budgetary Control



Standard Costing



Case Study


Break the syllabus into logical compartments & approach each compartment with the requisite mindset.

Numerical Questions & Case Study Based Questions have almost equal weightage in the final paper. Hence do not over-focus on numbers & leave theory to the end.

Go through questions from all the available ICAI Content including Module, Past Papers, RTP, MTP & Case Study Booklet issued by ICAI recently. Build your own repository by filtering out.

Remember the key skills tested in practical questions are Reading, Interpreting, Crunching Numbers, Analysis, and Thinking out of the Box.

Build your detailed log of small & big theory concepts in your module as well as a detailed list of numerical questions (Learnings from each question) which you can refer to for a glance one day before the exam.

Maintain a separate notebook and write down the formulas chapter-wise and memorize them. Check yourself every day by repeating the formulas aloud, without referring to the notebook. This is a highly effective way to remember the formulas.

Before starting your preparation for this subject, revise Cost & Management Accounting and Strategic Management. This will help you to understand the concepts of SCM & PE quickly

Begin your preparation with the ICAI study material. You cannot skip it at any cost. You have to go through it irrespective of whatever other resources you are referring to

Practice case study/case scenarios well. These have a weightage of around 20% -30% marks and are generally asked to assess contemporary topics

The objective of the case study is to apply ideas and insights from theory to real-life situations. Case scenarios are short cases covering a specific area. So, for case studies, you need to give a holistic analysis whereas, for case scenarios, more in-depth analysis is required.

You need not be a master in all topics but if asked in the examination, you should also not go blank on any topic.

Practice sums and questions from the practice manual. Eventually, you must be able to solve the questions without looking at the solutions. Make a note of your strengths and weaknesses

Do go through the suggested answers by ICAI. This will help you to understand what is expected in the examination. Try to use a similar way of presentation in the examination

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