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    CC & MA B.Com Sem-6

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    CC & MA B.Com Sem-6

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    farrajabdulrab
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    Copyright:

    © All Rights Reserved
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    15 views1 page

    CC & MA B.Com Sem-6

    Uploaded by

    farrajabdulrab

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    © All Rights Reserved
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    COST CONTROL AND MANAGEMENT ACCOUNTING

    B.Com. (CBCS) III-year, VI-Semester


    IMPORTANT QUESTIONS
    By Zaker Ul Oman, Assistant Professor in Commerce & Management; Email: zakeruloman@gmail.com

    Short Answer Questions

    1. Limitations of Management Accounting 8. Essentials of Budgets


    2. Objectives of Managerial Accounting 9. Standard Costing
    3. Application of Marginal Costing 10. Importance of Standard Costing
    4. Marginal Cost Equation 11. Variance Analysis
    5. CVP and Assumptions of BEP 12. Objectives of FSA
    6. Advantages and Limitations of Budget 13. Objectives of Budget
    7. Objectives of Ratios 14. Importance of Cash Flow Analysis
    Long Answer Questions
    Unit – 1

    1. What are the Features or Importance of Management Accounting?


    2. Discuss the difference between Marginal Costing and Absorption Costing?
    3. Write about the Assumptions, Importance and Limitations of Break Even Analysis?
    4. Discuss (a) Make or Buy Decision; (b) Add or Drop Products; (c) Sell or Process Further; (d) Operate or
    Shut-down; (d) Replace or Retain?
    Unit – 2
    1. Explain the Classification of Budgets?
    2. Discuss in brief about the procedure for preparation of Fixed and Flexible Budgets?
    3. Explain relationship between Standard Costing and Historical Costing?
    4. What are the steps involved in Standard Costing?
    5. Write a note on Variance Analysis (Material, Labour, Overhead & Sales variance)?
    Unit – 3

    1. What are the various Techniques of Financial Statement Analysis?


    2. Discuss the Classification of Ratios?
    Unit – 4

    1. Discuss the Importance and Limitations of Funds?


    2. Explain the procedure of preparing Statement of Changes in Working Capital?
    3. Explain the procedure of preparing Statement of Sources and Application of Funds?
    Unit – 5

    1. What are the difference between Funds Flow and Cash Flow Statements?
    2. Discuss the procedure for preparation of Cash Flow Statements?
    NOTE: Practice Problems on BEP, Budgeting, Standard Costing & Variance Analysis, Comparative & Common
    Size Financial Statement, Funds Flow Statement and Cash Flow Statement.

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