Corrigendum - CA Final Paper 5: ‘Advanced Management Accounting’ Study Material

Corrigendum - CA Final Paper 5: ‘Advanced Management Accounting’ Study Material

CA Final students may note that in the January, 2013 edition of Vol. I of the CA Final Paper 5: Advanced Management Accounting Study Material-

·     In pages 1.153 and 1.154 of Chapter 1: Development in the Business Environment - Solution to the Illustration 2 part (a) has some printing errors. The errors have been rectified and updated solution has been hosted on the website. Students may refer to the following link-

http://220.227.161.86/29334rectified-solutions.pdf

·         In page 5.49 of Chapter 5: Standard Costing − Solution to the Illustration 12 part (b) has some printing errors. The errors have been rectified and updated solution of part (b) has been hosted on the website. Students may refer to the following link-

http://220.227.161.86/29334rectified-solutions.pdf

·      In pages 5.47 and 5.81 of Chapter 5: Standard Costing - Solution to the Illustration 12 part (a) and Illustration 18 respectively in ‘Calculation of Variable Overhead Cost Variance and Variable Overhead Efficiency Variance’- It is pertinent to use “Standard Variable Overheads for Production/Charged to Production” instead of ‘Absorbed Variable Overhead’ in formula.

Source: The Institute of Chartered Accountants of India.