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Thursday, April 24, 2014

CA Final AMA IMPORTANT THEORY QUESTIONS

PREMIER ACADEMY



No.222, RK Mutt Road, 2nd Floor, Next to Canara Bank, Opp.
to TVS Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661405 visit www.cahariharan.blogspot.com



*** **** *** *** *** *** *** *** ***
*** *** *** ***



IMPORTANT THEORY QUESTIONS



ADVANCED MANAGEMENT ACCOUNTING



FOR CA Final – May. 2014 EXAM



1. Short notes on:



·       Three core concepts of TQM



·       Six sigma



·       Continuous process improvement.



·       Zero based budget.



·       Dual plan



·       Cost plus pricing



·       Business process re-engineering



·       Price discrimination



·       Types of activities in ABC



·       Peak load pricing



 



2. Distinguish
between:



·       Value engineering and Value analysis



·       Partial plan and single plan



·       Traditional management accounting
and  value chain analysis



·       Traditional absorption costing and ABC



·       Value added & non-value added
activities



·       Monopolistic competition vs. oligopoly



·       Going rate pricing and sealed bid
pricing



·       Skimming pricing and penetration pricing



·       Dual rate and two part transfer pricing



 



3. Explain Curvilinear
CVP analysis  & its assumptions



4. Explain Throughput
accounting Ratio



5. Explain in detail the
varies method of accounting in standard costing



6. Explain TQM , Stages
in implementation  & Six C's and 4P's
.



7. Explain Continuous
process improvement



8.
Discuss the non-cost factors to be considered for deciding in favour of shut
down



9.
Identify the circumstances it may be justifiable to sell at a price bellow
marginal cost 10. Identify the Non-cost factors to be identified in making
make/buy decision.



11.
Discuss the objectives of transfer pricing system and various methods of
Transfer pricing.



12.
Brief on how the Transfer pricing conflicts can be resolved effectively?



13.
Disadvantages of treating divisions as profit centres



14.
List down the important features of target costing system



15.
Highlight the points to be borne in mind before implementing a target costing
system.



16.
What is the significance and features of product life cycle costing.



17.
Briefly explain objectives & pre-requisite of uniform costing



18.
Pre-requisites of installing inter-firm comparison system



19.
Identify the Steps involved in value chain analysis approach for assessing
competitive advantages.



20. List down method of costing to be
adopted in service sector



21. Identify the conditions to be
satisfied for a cost to be classified as relevant cost.



22. Area in which applications of
incremental cost techniques in making managerial decisions



23. Identify the need for ABC costing
and the areas where ABC can be used as a decision making.



24Discuss various types of Competitive
pricing



25. List down the conditions to be
satisfied for price discrimination



26. Identify the pricing practices where
non-cost reasons are important in setting prices.



27. Define Pareto analysis and its area
of application.



28.How effective is JIT in elimination
of wastage of resources.



29. What do you mean by back flushing in
a JIT system?



30. List down the
objective of MRP



31. List down the minimum
data requirements to operate MRP system.



32. List down the goals
and performance measures for each perspective of balance scorecard.






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Thursday, March 20, 2014

CFM Important theory qtns for CA IPCC May 14 Exam






COSTING AND FINANCIAL MANAGEMENT



IMPORTANT THEORY QUESTIONS



FOR CA IPCC – May.2014 EXAM



1)     Short notes:



-         
Responsibility centre



-         
Differential cost



-         
Pre-production cost



-         
Opportunity cost



-         
Out-of-pocket cost



-         
Conversion cost



-         
Retention money



-         
sunk costs



-         
Discretionary costs



-         
Escalation clause



-         
Idle time



-         
ABC analysis



-         
Key factor



-         
integrated accounting
system



-         
split off point



-         
Angle of incidence



-         
External Commercial
Borrowings (ECB)



-         
Debt securitization



-         
Zero Coupon Bonds



-         
Aging schedule



2)     Differentiate:



-         
Product costs & period costs



-         
Controllable & uncontrollable



-         
Implicit costs& explicit costs



-         
Bin Cards
& Stores Ledger



-         
cost
reduction and cost control



-         
cost centre vs. cost unit



-         
Casual Worker and Outworker



-         
Allocation and apportionment



-         
BOM Vs.MRN



-         
Perpetual inventory &
continuous stock taking



-         
Time Keeping and Time
Booking



-         
Job Evaluation & Merit Rating



-         
Marginal costing and
absorption costing



-         
Fixed and flexible budget



-         
Blanket overhead rates & departmental
rates



-         
Job & contract
costing



-         
Operation cost &
operating cost



-         
Job costing & process
costing



-         
Job Vs. batch costing



-         
Joint-product and
by-product



-         
Profit maximization vs.
wealth maximization



-         
Implicit vs.  Explicit cost of capital



-         
Working capital cycle



-         
Open ended & close
ended lease



-         
Business risk &
financial risk



-         
funds flow statement
& cash flow statement



-         
ADR Vs. GDR



-         
Concentration banking
& lock box system



-         
Miller – Orr cash
management model



-         
Bridge finance and seed capital assistance



 



3)     Differentiate between WASTE and SPOILAGE and its
cost accounting treatment



4)     Discuss the concept of overtime premium & its accounting
treatment



5)     Identify the causes of labour turnover



6)    
Enumerate the  objectives of cost accounting



7)    
Discuss essential features of a good cost accounting system



8)     Methods of
segregating Semi-variable costs into fixed and variable costs



9)     Costs which are associated with labour turnover



10)Treatment
of under-absorbed overheads in cost accounting



11)List down the advantages of cost plus contract



12)Discuss the accounting
treatment of by-product     



13)Discuss
cost-volume-profit analysis



14)Discuss General ledger adjustment account



15)Costing accounting
treatment of under absorption and over absorption of overhead



16)                      
Discuss the role of CFO.



17)List down the functions
of the treasury department:



18)Enumerate the
pre-requisites for integrated accounts



19)  Identify the causes for differences between
Income under cost and financial  accounts



20)Discuss basic aspects of
financial management



21)List down characteristics
of source of funds



22)Different types of
packing credit facilities



23)List down the features of
commercial papers



24)Discuss the types of
floats in the context of cash management



25)Discuss the procedure for
factoring



26)  Methods of computation of time value of
money



27)  List down the assumptions in capital
structure theories



28)  List down the assumptions under Modigliani
and miller approach (MM)



29)  Brief on concept of trading on Equity



30)  Discuss Modified internal rate of return
method



31)  Define optimum capital structure and its
benefits.



32)  Need for debt service coverage ratio



33)  Discuss Du Pont chart for calculating
return on equity



34)  List down methods of Venture Capital
Financing



35)  Briefly discuss lease financing



36)  Discuss on ploughing back of profit



 




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Thursday, March 6, 2014

CA IPCC & Final Costing clz - May 14 Exam

CA IPCC & Final



Costing Classes



12 Days Crash course May '14 Exam



 



Final AMA (Costing & QT)



(with 7 compulsory model exams)



From 15th  to 26th March



( 6.30am to 1.30pm)



 



IPCC (Costing
& FM)



 



(with 10 compulsory
model exams)



From 15th  to 26th March



( 2pm to 8.30pm)



Features:



ü 
100% coverage of syllabus



ü 
Free –
For Fonal:  AMA Text book, Costing Theory
book , Work book, & QT Text book



ü 
Free –
For IPCC:  Work book, Costing Theory book
& FM Theory book



ü 
Minimum
scoring 60 marks is Assured



ü  Free Model Exam



ü 
Individual attention



ü 
Full
Coverage of
Theory



ü 
Fully concept based class



ü 
One to
one interaction



ü 
Tips
for better presentation in exam



ü 
9 Rank
holders (IPCC) & 2 Rank holders (Final)
  out of previous crash course



ü 
Highest
mark by our student is
82 ( Final) &
93 (IPCC)
in costing



Venue
:
PREMIER
A
CADEMY



No.222, RK Mutt Road, 2nd Floor, Next to Canara Bank, Opp.
to TVS Showroom, Mandaveli, Chennai – 28, visit www.cahariharan.blogspot.com



Contact: 098416 61450






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