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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. Distinguish between Nature of Capital and Revenue items with certain examples and Journal entries.
  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. Discuss in detail the application of computers in Accounting.
  3. Define financial management and write a note on the need of financial management.

[4]

  1. Explain the nature and scope of Financial Accounting. What is the difference between Management Accounting and Financial Accounting?
  2. Differentiate between: Cash flow statement and Income statement, and Cash flow statement and Receipt & Payment Account.
  3. Define financial management and write a note on the need of financial management.

[5]

  1. Define Financial Accounting. Explain the nature and scope of Financial Accounting. Differentiate between Financial Accounting and Management Accounting.
  2. What is Ratio Analysis? Discuss various ratios used to examine the liquidity and profitability position of a firm.
  3. Explain the concept and various components of working capital. What factors would you consider in planning the working capital requirements of a firm?

[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 nature and objectives of Financial Management. Discuss various long-term sources of financing.

[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. Explain the characteristics of an ideal financial statement.

[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. Calculate total contribution, contribution per unit, profit volume ratio, fixed costs, break-even point in units and in , margin of safety in units and in , sales volume to earn a specific profit, and profit for given sales volumes.

[9]

  1. Explain the difference between Cost Accounting and Management Accounting.
  2. Distinguish between Gross Works cost and Works cost, Cost of Goods sold and Cost of sales.
  3. Calculate Minimum Stock Level, Maximum Stock Level, and Ordering Level for given materials.

[10]

  1. Explain the term Costing, Cost Accounting, and Cost Accountancy.
  2. State the necessity of apportionment of overheads.
  3. What will be the tender price if profit is added 20% on the tender price and on cost price? Explain the difference.

[11]

  1. Discuss in detail the functions and scope of Management Accounting.
  2. List differences between Cost Centre and Cost Unit.
  3. Discuss the modern-day classification of cost with the help of relevant examples.

[12]

  1. Explain the relationship between Financial, Cost, and Management Accounting.
  2. List out the responsibilities of a Management Accountant.
  3. Distinguish between Marginal Costing and Absorption Costing. Also examine their relative appropriateness.

[13]

  1. What are the purposes of Management Accounting?
  2. What are the usage of process cost accounting?
  3. Explain Variable and Mixed Cost.

[14]

  1. Discuss the role and importance of Ledgers and Journals. What are the advantages and limitations of management accounting?
  2. Define the scope and importance of accounting.
  3. Define nature and scope of management.

[15]

  1. Explain in brief the functions of management accounting.
  2. Write the distinction between management accounting and financial accounting.
  3. What is stock turnover ratio?

[16]

  1. Explain the various steps in installing a Management Accounting system.
  2. Explain the importance of Fund Flow Statement.
  3. What is Ratio Analysis? What are its objectives?

[17]

  1. Distinguish Management Accounting from Financial Accounting.
  2. Explain the meaning of term 'Journal'.
  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. Difference between overhead distribution and allocation.
  3. Give the method of calculation of wages under Rowan Premium Plan.

[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. What is cost of goods sold?
  2. What are LIFO and FIFO methods in materials accounting?
  3. Distinguish between a cost sheet and statement of cost. How a cost sheet helps in finding out tender price? Give a specimen of cost sheet.

[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. Define the term Cost Sheet.

[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 do you mean by Economic Order Quantity?

[23]

  1. Define Financial Accounting. What is the difference between Financial Accounting and Management Accounting?
  2. What is Double Entry System? Write its rules and merits.
  3. Write short notes on the following: (i) Current Assets (ii) Current Liabilities (iii) Liquid Ratio.

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