Concept wise weightage analysis | ICAI Past Papers

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

1.Introduction to Strategic Cost Management - - 10 - - - 5
Traditional cost management - - - - - - -
Value chain analysis & value shop model - - 10 - - - 5
Strategic framework for VCA / Porter's 5 forces - - - - - - -
Superior performance and competitive advantage - - - - - - -

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

2.Modern Business Environment 10 10 - - - 20 20
Cost of quality 10 10 - - - - -
Total quality management - - - - - - -
Business excellence model - - - - - - 20
Theory of constraint - - - - - - -
Throughput accounting - - - - - - -
Supply chain management - - - - - 20 -
Gain sharing arrangements (GSA) & Outsourcing - - - - - - -

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

3.Lean System and Innovation 10 - - 30 - 15 -
Lean system - - - - - - -
Just in time - - - 20 - - -
KAIZEN Costing - - - - - - -
business process re-engineering & Process innovation - - - - - - -
Six sigma (6σ) - - - - - 5 -
5S - - - - - - -
Total productive maintenance (TPM) & OEE 10 - - 10 - 10 -
Cellular manufacturing/one piece production system - - - - - - -
Concept of productivity - - - - - - -

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

4.Cost Management Techniques 10 40 30 5 20 - 5
Cost management 10 - - - - - -
Target costing - 20 - - 20 - -
Life cycle costing - 20 - - - - -
Pareto analysis [80 20 analysis] - - 10 - - - -
Environmental management accounting [EMA] - - 20 5 - - 5

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

5.Decision Making 30 20 - 15 25 30 25
Basics of decision making - - - - - - -
relevant costing - 10 - - - - -
limiting factor 30 - - 10 - 10 -
Non financial factors in decision making - - - 5 5 - -
Short term decision situations - 10 - - 20 20 25
Cost volume profit analysis - CVP analysis - - - - - - -
Impact of Information Technology in decision making - - - - - - -

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

6.Pricing Decision - - 40 - 5 5 -
Pricing under different structure - - - - - - -
Pricing policy for new product v/s existing product - - 14 - 5 - -
Pricing strategy during product life cycle - - 16 - - - -
Pricing during period of recession - - - - - - -
Pricing below marginal cost - - - - - - -
Pricing methods - - 10 - - - -
Price sensitivity [PS] - - - - - - -
Sensitivity analysis (SA)  - - - - - - -
Price customisation [PC] - - - - - - -
Price adjustment policy - - - - - - -
Profit maximization model - - - - - 5 -
 May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21
7.Performance Measurement and Evaluation - - 10 38 40 10 20
Responsibility accounting, Decentralization - - - - - 10 -
Performance measurement - Pure financial perspective - - - 5 20 - 14
Performance measurement - financial + Non financial
- - - - - - 6
perspective
Balanced Score Card - - - 8 - - -
Perfirmance Pyramid - - - - - - -
Building Block Model - - - - - - -
Performance Prism - - 10 - - - -
Performance measurement - financial + social +
- - - 5 - - -
environment perspective (TBL - Tripple bottom line)
Profit sharing plan / Group incentive plan  - - - - - - -
BENCHMARKING - - - - - - -
Performance measurement in Not for profit sector - - - 20 20 - -
Performance Report - - - - - - -

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

8.Divisional Transfer Pricing 20 10 - 10 10 20 10
Basics of Transfer pricing - - - - - 14 -
Transfer pricing methods - - - - - - -
Measures to remove conflicts - - - - 6 -
Calculation of TP - including concept of minimum and
20 10 - 10 - -
maximum TP 10
Decision for company as a whole - - - - -
International TP - - - - - - 10

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

9.Strategic Analysis of Operating Income 10 20 - 7 - - 20
Strategic profitability analysis - - - - - - -
Activity Based Costing (including direct product
profitability & customer account profitability) 10 20 - - - - 20

ABM (Activity based cost management) - - - 7 - - -

Other concepts - - - - - - -

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

10.Budgetary Control - 10 - 10 - 10 10
Basics - - - - - - -
Possible deficiencies and corrective measures - - - - - - -
Feed forward & Feedback control - - - 10 - - -
Behavioural aspects of budgetory control - - - - - - -
Beyond budgeting - 10 - - - 10 10

May 18 Nov 18 May 19 Nov 19 Nov 20 Jan 21 July 21

11.Standard Costing 30 10 30 10 20 10 10
Material cost variances - - - - - - -
Labour cost variances - - - - 10 - -
Variable overhead variance - - - - - - -
Fixed overhead variance - 10 - - - - -
Sales variance - - - - - - -
Interpretation of variances - - - - 10 - -
Planning & operational variances - - 10 - - - -
Market size & market share variance 10 - - - - - -
Reconciliation of profits 20 - - - - 10 -
Standard costing with activity based costing and flexible
- - 10 10 - - 10
budget variances
Relevent cost approach to variance analysis - - - - - - -
Variance analysis & throughput accounting - - - - - - -
Investigating variances - - - - - - -
Learning curve theory - - 10 - - - -