CA Inter Costing | Class 2 | Sept 26 & Jan 27 | Parag Gupta sir

This class is taught by CA Parag Gupta sir. It really gets into the details of how to use Cost Sheets. CA Parag Gupta sir focuses on things like GST and Bad Debts and indirect material costs. He uses past exam questions to help students understand these concepts better for CA Inter Costing. Detailed Walkthrough In this class CA Parag Gupta sir, who is a known teacher for CA classes in India and has experience as an examiner and faculty member for CA Inter Costing and CA Final SPOM-set B and IBS gives a very detailed explanation of the Cost Sheet. He starts by going over indirect costs and he uses examples like carpenter tools to help explain indirect materials. A big part of the class is spent on solving questions from exams like Question 5 and Question 9 where students often have trouble with things like GST Input Tax Credit. CA Parag Gupta sir explains why it is better to use 'x' for missing values of changing the format, which can help avoid mistakes during the exam. He also explains how to divide up rent based on how much space's being used and talks about how to handle Bad Debts from a management point of view which helps students understand when to include them in their costing analysis. Chapter- Timestamps 00:00. Introduction to the basics of Cost Sheets 01:54. Example from real life: indirect materials, like tools for a carpenter 04:22. Four important things to add to Works Cost 06:40. Tip from an expert: how to deal with assumptions that are not clear in exams 08:15. Strategy for reading and understanding Costing questions 09:35. Advice on how to score 90 or more in CA Inter Costing 14:56. Solving Question 5: how to handle wages for productive and unproductive work 18:35. Difference between Power and Lighting in factory overheads 22:15. Understanding the costs of moving things around like haulage 26:26. Difference between Stores and Warehouse as explained by ICAI 33:20. How to handle Bad Debts from a management point of view 38:53. Explaining Normal Loss and Abnormal Loss with examples 51:00. Practicing: making a Statement of Cost for Question 5 1:10:00. Managing your time during the exam: one mark is equal to 1.8 minutes 1:18:40. Solving Question 9: how to handle GST in Cost Sheets 1:26:00. Why "Reverse Calculation" can be a problem for students 2:05:50. Summary of how to handle GST: when to ignore Input Tax Credit 2:24:00. Dividing up rent based on how much space's being used 2:48:00. Calculating the value of Closing Stock from the COGS rate Ready to learn more about Costing? 🔔 You can subscribe to StudyByTech to get more expert insights on CA Inter. 💬If you have any questions, about the "Reverse Calculation" method you can ask them in the comments. #cainter #caintermediate #costing #caparggupta #cainterclasses #charteredaccountant #caintergroup2 #caexams