Review of Costing and Financial Management paper Group 1 IPCC(Nov 2012)
*Covered Topics :
FM
Time Value if money :                     -5
Financing Decisions                         -5
Financial Analysis and planing          -8
Funds Flow Statements                  -12
Capital Budgeting                          -12
Theory                                         -20

Total                                            =60

*costing
Labour                                         -5
Materials                                     -5
Overheads                                   -8
Contract Costing                          -4
Standard Costing                         -6
Marginal Costing                         -8
Reconciliation                            -8
Theory                                    -12

Total                                      =56

*paper Analysis:
All might have entered the exam hall with lot of tension as fear.
But when you have read the paper it would have cooled you little bit and made you relax.
because the paper was again not so litigated and was average.
Thanks to ICAI it has covered the important topics first.
Time Value of money was also  given an importance thats the highlight.
Huge marks from theory making you remember that it should be never be ignored.

*View:
As expected the paper was not made tougher. Basics concepts again.
No one would have complaints with the paper in any regards.
Till now no paper was so critical and this paper is worth of exemption :)

**Theory:
Theory has also the equal importance as practical questions constituting about 32 marks.

SO we do expect this TAX paper to be the same

ALL THE BEST :)