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Important Questions for "management accounting":

[1]

  1. What are the different techniques of management accounting?
  2. Distinguish between Management Accounting and Financial Accounting.
  3. Describe the objectives and importance of Management Accounting.

[2]

  1. What do you mean by \"Financial Accounting\"? How is it different from Management Accounting?
  2. What is basic difference between Manual Accounting and Computerized Accounting? Describe application of computer in accounting to prove your arguments.
  3. What are the objectives of Financial Management? Distinguish between capitalization, capital structure and capital budgeting.

[3]

  1. Explain the nature and scope of Financial Accounting. What is the difference between Management Accounting and Financial Accounting?
  2. Define 'Cost of Capital'. How will you determine the Cost of Capital from different sources?
  3. Write short notes on any three of the following: Accounting Standards in India, Double Entry System, Break-even analysis, Cost of debt, Cash Management, Inventory Management.

[4]

  1. Explain the nature and scope of Financial Accounting. What is the difference between Management Accounting and Financial Accounting?
  2. Define capitalization. Explain the two main principles of capitalization.
  3. Define 'Cost of Capital'. How will you determine the Cost of Capital from different sources?

[5]

  1. Define Financial Accounting. Explain the nature and scope of Financial Accounting. Differentiate between Financial Accounting and Management Accounting.
  2. Explain various accounting concepts with their implications.
  3. Based on the trading results provided, calculate P/V Ratio, Fixed Cost, Break-Even Point, profit for a given sales figure, and the sales needed for a desired profit.

[6]

  1. Define Financial Accounting. Explain the nature and scope of Financial Accounting. Differentiate between Financial Accounting and Management Accounting.
  2. Journalise the given transactions in the book of Shri Kishan Timber Merchant providing suitable narrations.
  3. Explain the objectives and nature of Working Capital. State various factors influencing the composition of Working Capital.

[7]

  1. How does Management Accounting differ from Financial Accounting?
  2. Explain the objectives of Management Accounting. Describe its importance and needs in the modern age.
  3. Write short notes on Activity Based Costing and Quality Costing.

[8]

  1. What is Management Accounting? Discuss the scope and advantages of management accounting.
  2. Define maximum stock level, minimum stock level, ordering level, average stock level, danger level, and economic order quantity. How are these calculated?
  3. What are the elements of cost? Give a pro forma of cost sheet.

[9]

  1. Explain the difference between Cost Accounting and Management Accounting.
  2. Distinguish between Direct Material and Indirect Material.
  3. Prepare a statement showing re-apportionment of expenses of service departments X and Y to production departments A, B, and C.

[10]

  1. Calculate the amount of sale based on the provided data.
  2. Prepare an income statement for the month on the basis of Absorption Costing using the provided product and cost data.
  3. Allocate the total wages paid to the worker between direct and indirect labour indicating reasons based on the provided time card analysis.

[11]

  1. Discuss in detail the functions and scope of Management Accounting.
  2. Explain the installation of a Costing system.
  3. Explain various methods and techniques of Costing.

[12]

  1. Explain the relationship between Financial, Cost, and Management Accounting.
  2. Discuss the various elements of cost and explain each one of them citing appropriate examples.
  3. Write a detailed note on Labour and Material Costing.

[13]

  1. What are the purposes of Management Accounting?
  2. What do you understand by Job Order Cost Accounting and make a format of Job Cost sheet.
  3. What is Master Budget? Explain the operating and capital expenditure budget.

[14]

  1. Discuss the role and importance of Ledgers and Journals. What are the advantages and limitations of management accounting?
  2. Discuss planning process and its importance in brief.
  3. What is Double Entry System? Explain its importance and advantages. Define its basic types.

[15]

  1. Explain in brief the functions of management accounting.
  2. Write the distinction between management accounting and financial accounting.
  3. Discuss the advantages and limitations of responsibility accounting.

[16]

  1. Explain the various steps in installing a Management Accounting system.
  2. What is Ratio Analysis? What are its objectives?
  3. Comment on 'For planning, information about the future is required, for control, about the past.'

[17]

  1. Distinguish Management Accounting from Financial Accounting.
  2. Find out sales, closing stock, and sundry debtors based on the given financial ratios of Rainy Ltd.
  3. What are the objectives of cash management? Explain cash cycle.

[18]

  1. What do you mean by Management Accounting? Discuss its nature and scope.
  2. Give the method of calculation of wages under Rowan Premium Plan.
  3. The figures relate to two jobs. Works on cost is 50% on Prime cost and office on cost is 50% on labour. Find out the total cost of each job.

[19]

  1. Write down the scope of Management Accounting.
  2. Differentiate between Management Accounting and Cost Accounting.
  3. Describe the uses of Marginal Costing in managerial decisions.

[20]

  1. Name the different methods of absorption of factory overheads.
  2. What are LIFO and FIFO methods in materials accounting?
  3. Define Cost Accounting. Discuss its significance to the management. How does it differ from Financial Accounting?

[21]

  1. Write any two functions of Management Accounting.
  2. Give an account of the evolution of management accounting as a separate branch of accounting.
  3. What do you understand by the term Cost? Explain the different elements of Cost.

[22]

  1. Write any two objects of Management Accounting.
  2. Define management accounting and discuss its objects. Why is it called an essential tool for management?
  3. What is Absorption Costing Technique?

[23]

  1. Define Financial Accounting. What is the difference between Financial Accounting and Management Accounting?
  2. What do you understand by Accounting standards? Write a note on Indian Accounting Standards.
  3. What is Funds Flow statement? How is it prepared? What are its limitations?

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