SPOM SET-B (SCPM/Cost) Overall Strategy | How to clear in 10 Days | Must watch | DHRUVIKA KOTHARI

Dhruvika kothari

30 May 202410:30

Summary

TLDRThe video script is an apology for a delayed self-study strategy for the Cost Management subject, promising to bring an overall strategy for the audience. It discusses changes in the new syllabus, comparing it to the old one, and provides advice on whether to take classes and which ones to consider. The speaker recommends specific teachers and resources, including free content, and outlines a study strategy to score well in the exam. The script also covers the importance of revisiting the syllabus and engaging with the content thoroughly.

Takeaways

📚 The speaker is discussing a self-study strategy for a cost management exam, apologizing for a delayed video and urging viewers to watch it for comprehensive coverage.
📈 The video includes updates on the cost management syllabus, highlighting changes and comparing it to the old syllabus.
🔍 The speaker provides an overview of the new chapters and changes in the syllabus, including the merging of chapters and renaming of topics.
🚀 The speaker emphasizes the importance of watching the entire video to understand the complete strategy for scoring well on the exam.
👨‍🏫 There is a recommendation for students who have not studied cost management before to consider enrolling in a class for better understanding.
💰 The speaker mentions specific teachers and their courses, suggesting them as the best options for those who decide to take classes.
📝 The importance of referring to certain books and compilations for self-study is highlighted, along with the suggestion to use free content if available.
📉 The speaker advises on the order in which to study the chapters, prioritizing practical chapters and theory chapters based on their weightage in the exam.
📅 A timeline is suggested for completing the syllabus, with a focus on allocating sufficient time for revision and practice.
📝 The speaker discusses the importance of case studies and previous student experiences, suggesting they can provide insights into exam preparation.
🗂️ The speaker wraps up by providing an overall strategy for managing the study of the syllabus effectively, including the use of learning resources and time management.

Q & A

What is the main topic discussed in the video script?
-The main topic discussed in the video script is the new syllabus for the CA (Chartered Accountant) exam, including changes in the chapters and strategies for studying and scoring well.
What is the issue with the video mentioned in the script?
-The issue with the video mentioned in the script is that it was delayed in being uploaded, which the speaker apologizes for.
What is the speaker's request to the audience regarding the video?
-The speaker requests the audience to watch the video in full, especially if they are looking for a comprehensive overview of the new CA syllabus.
What changes are mentioned in the CA syllabus?
-The changes mentioned in the CA syllabus include the merging of chapters, renaming of some chapters, removal of certain chapters, and the addition of a new chapter on 'Management of Cost for Emerging Business Models'.
What is the speaker's advice on taking coaching classes for the CA exam?
-The speaker advises that taking coaching classes is necessary, especially for those who have not studied the subject before, to get a proper overview and understanding of the syllabus.
Which teachers are recommended by the speaker for CA coaching?
-The speaker recommends Sankalp Kansya Sir and Atul Agrwal Sir for their comprehensive coaching and study materials.
What is the speaker's suggestion for students who have already studied the old syllabus?
-The speaker suggests that students who have already studied the old syllabus should revisit and revise the topics, focusing on the changes and updates in the new syllabus.
What is the importance of the 'Strategic Revenue Management' chapter according to the speaker?
-The 'Strategic Revenue Management' chapter is important as it is a merged chapter that includes decision-making, pricing decisions, and strategic analysis of operating income, which were previously separate chapters.
What resources are available for free to help with the CA exam preparation?
-Resources such as YouTube videos, concept books, and compilations by recommended teachers like Sankalp Kansya and Atul Agrwal are available for free to assist with CA exam preparation.
What is the speaker's strategy for managing the entire syllabus effectively?
-The speaker's strategy includes completing the learning arcs, focusing on practical chapters, theory chapters, and then concentrating on new chapters and important topics, ensuring a comprehensive understanding of the syllabus.
How does the speaker suggest students should approach the exam preparation?
-The speaker suggests that students should approach the exam preparation by first completing the learning arcs, then focusing on practical and theory chapters, and finally concentrating on new and important topics, ensuring a structured and effective study plan.

Outlines

00:00

📚 Introduction to Cost Management Study Strategy

The speaker begins by apologizing for the delay in delivering a promised video on a self-study strategy for a cost-based set book. They express regret for not fulfilling their commitment and encourage viewers to watch a previously released video that received much love from the audience. The speaker then outlines the content of the current video, which includes discussing changes in the cost management syllabus, comparing it to the old syllabus, discussing the importance of understanding the syllabus, and providing a strategy to score well on the exam. They also mention the need for viewers to subscribe and engage with the content through likes and shares.

05:03

📘 Detailed Cost Management Syllabus Review and Study Tips

In this paragraph, the speaker delves into the specifics of the cost management syllabus, highlighting the changes and updates. They discuss the chapters that have been merged, removed, or remain unchanged, and provide guidance on which chapters to focus on for effective studying. The speaker also recommends certain teachers for their classes, suggesting that for those unfamiliar with the subject, enrolling in a class is beneficial. They further advise on the use of free content and compilations for study, emphasizing the importance of understanding the syllabus thoroughly and managing study time effectively to clear the exam.

10:09

🤔 Engaging with the Audience and Encouraging Subscription

The speaker concludes by inviting audience interaction through comments and personal messages on WhatsApp for direct communication. They express the desire to stay connected with the audience and encourage them to like, subscribe, and engage with the channel. The speaker seeks motivation through viewer support and promises to bring more informative content in the future.

Mindmap

Keywords

💡Self-study

Self-study refers to the process of learning without the guidance of an instructor, often through textbooks or other resources. In the video's context, the speaker mentions that for those who have never studied the subject before, self-study might be challenging. The speaker suggests that taking a class could be beneficial for an overview and to clear the exam, indicating self-study as an alternative for those who are already familiar with the material.

💡Cost Management

Cost Management is a strategic business process that seeks to reduce costs and maximize efficiency. The script mentions 'Cost Management Techniques' and 'Management of Cost' as part of the new syllabus, indicating that this concept is central to the video's theme of business strategy and financial efficiency.

💡Strategic Revenue Management

Strategic Revenue Management is the process of optimizing revenue generation through strategic planning and pricing decisions. The term is mentioned as a merged chapter in the new syllabus, highlighting its importance in the video's discussion of business strategies to increase profitability.

💡Performance Management

Performance Management is a method of assessing and improving the efficiency and effectiveness of an organization or an individual's performance. In the script, the speaker refers to a chapter that has been split into smaller sections, including 'Performance Management,' which is part of the updated syllabus and relates to evaluating business processes.

💡Divisional Transfer Pricing

Divisional Transfer Pricing is the method of setting prices for goods or services transferred between divisions within a company. The script mentions it as a chapter that remains the same in the new syllabus, indicating its continued relevance in the context of internal company financial management.

💡Strategic Costing

Strategic Costing is the process of identifying and managing costs to support strategic business decisions. The script refers to 'Strategic Standard Costing' as a chapter that remains unchanged, showing its importance in the video's theme of cost management strategies.

💡Budget Control

Budget Control is the process of managing expenditures to ensure they do not exceed allocated budget limits. The script notes that the 'Budget Control' chapter has been removed from the syllabus, indicating a shift in focus away from traditional budget management techniques.

💡Management of Cost for Emerging Business Models

This refers to the strategic management of costs in new and innovative business environments. The script mentions a new chapter with this title, suggesting that it is a significant addition to the syllabus and a key topic in the video's exploration of cost management in contemporary business contexts.

💡Revision

Revision is the act of reviewing and re-examining previously learned material to reinforce understanding and retention. The speaker in the script encourages viewers to revisit and revise the material, emphasizing its importance for mastering the subject and preparing for exams.

💡Subscription

In the context of the video, a subscription refers to the act of signing up to receive ongoing content, such as a channel's videos. The speaker asks viewers to subscribe to the channel, indicating the importance of viewer engagement and support for the content creator.

💡Mock Test

A Mock Test is a practice examination that simulates the conditions and format of an actual test. The script mentions a model test paper and the importance of attempting mock tests as part of exam preparation, illustrating the video's focus on effective study strategies.

Highlights

Introduction and apology for the delay in releasing the strategy video for self-based set B cost.

Announcement of having already uploaded a law video which received positive feedback.

Encouragement to watch the full video to cover common doubts and strategy for self-based set B cost.

Discussion on the changes in the new syllabus compared to the old syllabus, including the complete change of the first chapter, Introduction.

Mention of Modern Business Environment and Lean System chapters remaining the same.

Renaming of Cost Management Technique without major changes in content.

Merger of chapters on Decision Making, Pricing Decision, and Strategic Analysis of Operating Income into Strategic Revenue Management.

Splitting of Performance Measurement and Evaluation chapter into four smaller chapters.

Discussion on the new chapter added, Management of Cost Strategically for Emerging Business Models.

Advice for new students to take classes for Cost Management as self-study may not be sufficient.

Recommendation of classes by Sankalp Kasiya or Dhaval Purohit for Cost Management preparation.

Importance of using free content and concept books by Atul Agarwal for self-study.

Encouragement to complete MCQs and model test papers for better preparation.

Discussion on the strategy for completing the Cost Management syllabus within 7 to 10 days.

Prioritization of chapters for study, including Decision Making, Pricing Decision, Strategic Revenue Management, and Modern Business Environment.