Accountancy Forum

<blockquote id="quote">quote<hr height="1" noshade id="quote">Hello guys
This year first time in my life I encountered with cost accounting. This is a realy bad experience. I mean there is nothing common in financial and cost accounting except the word "accounting". That's why I called it strange accounting. There is no logic, just 'rata'. My teacher says, "just learn it, don't try to understand or you'll forget financial accounting too."
I don't understand why it is so different from financial accounting.
Its also a problem that how do I understand it or "learn" it.
<hr height="1" noshade id="quote"></blockquote id="quote">

What is so different about it? I dont seem to understand the difference you are talking about. With due respect to your teacher I worry about him.

Please let me know if I can be of any help.

Regards

"You don't get to choose how you're going to die. Or when. You can only decide how you're going to live. Now."

Thanks Azeem Bhai but papers are gone now
All questions were easy in cost paper but still I did something wrong in two questions (the most easeist questions in the whole b.com - varience and lifo/fifo - please dont laugh!)
Well hope more then 70% at least.

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<blockquote id="quote">quote<hr height="1" noshade id="quote">Originally posted by Shahid_fss
 Thanks Azeem Bhai but papers are gone now
All questions were easy in cost paper but still I did something wrong in two questions (the most easeist questions in the whole b.com - varience and lifo/fifo - please dont laugh!)
Well hope more then 70% at least.

Read poetry on topic "Accountancy.com"
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=1513&whichpage=28

======================================================================
```*``` I love stars;
*`*`*`* Shining;
`*`*`*` and Smiling;
*`````* Always.
------------------------
Shahid_fss@yahoo.com
http//www.shahid-fss.tk
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<hr height="1" noshade id="quote"></blockquote id="quote">

Most students make blunders in the easiest questions so you are not the only one[)] I couldnot even reconcile a bank in my B-Com papers.

Exams are history now, think about the next stage, InshAllah you will clear the papers if your assessment of 70% is reasonable.

Like in anyother accounting, I would suggest you not to think on THEORETICAL basis rather try to see things from a brid's eye view, this will not only assist you understand the topic but it will also help you visualise the practical implementation.

Best of luck!

Azeem

"You don't get to choose how you're going to die. Or when. You can only decide how you're going to live. Now."

You are right AZEEM

I remember that whole year I touhgt my friends how to do bank reconciliation but in the last I took balance on wrong side.
Well same thing happend to this year. I even could not revice these topics (LIFO/FIF0 and varience) because I thought they were so easy.
I spent more time on tougher topics but they were solved well.

Over confidence is a funny thing.
In the paper of taxation there was a question about items "not exempted"
and many students answered with exempted items. They were so confident that they didn't see the word "not".

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```*``` I love stars;
*`*`*`* Shining;
`*`*`*` and Smiling;
*`````* Always.
------------------------
Shahid_fss@yahoo.com
http//www.shahid-fss.tk
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Hi.... Bcom part2 cost accounting is tough ha ha you really made me laugh i did it with 89 marks as there was 20 marks objective for which i wasnt prepared...........just try the cost accounting of ACCA paper 1.2 and advance level ......

Sharoon

Its "Strange" not "tough"

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```*``` I love stars;
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*`````* Always.
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http//www.shahid-fss.tk
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Azeem Shah Khan

Shahid_fss

Azeem Shah Khan

Azeem Shah Khan

Shahid_fss

shoongill

Shahid_fss