Past Papers Topic-wise Unsolved
From 2000 – 2018
CSS
2019
Examination Structure According to 2015 Revised Syllabus
CSS Accounting and Auditing is a subject of 200 Marks covered in 2 papers
consisting 100 Marks each, every paper has 20% weightage for MCQs and
80% weightage for Structured Questions.
Paper – 1 has 2 sections each has 50% Weightage ie 50 Marks for each section.
Section – A is for Financial Accounting (50%) in which a student needs to attempt
2 out of 3 questions of 20 marks each.
Section – B is for Cost & Management Accounting (50%) in which a student needs
to attempt 2 out of 4 questions of 20 marks each.
Material Costing; Examination Importance
Technically this topic has a great importance in overall subject of “Cost Accounting”
but as far as the CSS examinations are concerned this topic could not get much
importance in the eyes of paper setter as it is examined only twice and that is also when
the syllabus not revised in 2015. So in CE 2019 this topic again seems to have a low
probability.
Prof. Asif Masood [ACMA, MBA (Finance), M. Phil)] 0321 9842495
Asif Masood is the renowned teacher of CSS Accounting & Auditing, Business
Examination Topics Administrations and Mercantile Law. He is engaged with the profession of
teaching since 1999 and has been a part of faculty of various reputed educational
1. Cost Accounting Concepts
& Classifications.
institutions including GCU, UCP, Superior University and AIOU for MBA, M.Com,
2. Cost of Goods Sold and BBA classes. Moreover he is providing coaching to ACCA, CIMA, CPA, CMA, ICAP
Income Statement. and ICMAP students since last 20 years.
3. Cost Accounting Ledger
System.
For CSS, Prof. Asif Masood is the most experienced and result producing teacher of the
4. Material Costing. subjects of Accounting & Auditing, Business Administration and Mercantile Law. He is
5. Labour Costing. mentoring CSS Aspirants since 2005 and has hundreds of Aspirants who got coaching
6. F.O.H. Costing. from him and succeeded including the Top Position Holders in CE 2017, Mr. Awaid
7. Job & Batch Costing. Irshad (1st), Mr. Ahmad Faisal Ch, (42nd), Seyyad Ammar Akhtar (48th) and Miss Iqra
8. Process Costing & CPR. Shoukat (116th).
9. Marginal & Absorption
Costing. This bunch of past papers are distributed topic-wise and which includes commentary on
10. CVP Analysis & Decision each topic regarding its Examination Importance, is for the help and guideline of the
Making. Aspirants seeking to opt Accounting & Auditing as one of their optional subjects to
lite
11. Budgeting.
12. Standard Costing &
maximize their aggregate marks in CSS. Good Luck
Variance Analysis.
Prof. Asif Masood
Email:
[email protected]Facebook/adamslearningcentre
ALC, Lahore
0333 4169258
whatsapp: 0321 9842495
CSS Accounting & Auditing Material Costing
Adam’s Learning Centre, Lahore
CSS Accounting & Auditing
Topic-wise Past Papers (Unsolved)
Material Costing
Q. 1 (CSS – 2013, Paper # 2, Section - A, Q. # 3) (20 Marks)
J. Town’s stock at 1st January 2012 consisted of 100 units, cost as follows:
FIFO 100 units @£ 60 £6,000
Average cost 100 units @£ 55 £5,500
During the year ended 31st December 2012 Town made the following sales and purchases:
Purchases Sales
(units)
January 10@ £60
March 40
April 80@ £100
June 30
November 20
December 10@ £120
Required: J. Town’s stock at 31st December 2012 and the cost of goods sold for the year ended 31st
December 2012 based on:
(a) FIFO (b) Average cost (perpetual)
Q. 2 (CSS – 2008, Paper # 2, Section - I, Q. # 3) (20 Marks)
The material analyst for Moderate Company is asked to determine the number of units of material A to order for
March delivery. The production schedule calls for 10000 units of this material for January operations; 13500 units for
February; and 14800 units for March. On January I, the inventory shows 10000 units on hand; 14000 units are on
order for January delivery; and 13000 units on order for February delivery; and 7500 units minimum reserve
inventory is maintained.
Required: Determine the quantity to order for March delivery.
2|Page By: Asif Masood Adam’s Learning Centre, Lahore
0321 9842495 0333 4169258
