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Wednesday, September 21, 2011

IMPORTANT THEORY Qtns-CA IPCC/PCC – MAY 2011 EXAM

IMPORTANT THEORY QUESTIONS

FOR CA IPCC/PCC – MAY 2011 EXAM

 

COSTING

 

DESCRIPTIVE QUESTIONS:

  1. Distinguish between spoilage and defectives in a manufacturing company. Discuss their treatment in cost accounts and suggest a procedure for their control.
  2. What is ABC analysis?
  3. Explain Idle time and its treated in Cost Accounts?
  4. What do you understand by Labour Turnover? How is it measured? What are its causes? What are the remedial steps you would suggest to minimize its occurrence?
  5. What do you understand by overtime premium?
  6. Discuss the objectives of time keeping and time booking.
  7. What is blanket overhead rate? In which situations, blanket rate is to be used and why?
  8. Why is it necessary to reconcile the profits between the Cost Accounts and Financial Accounts?
  9. How do you accounts for by-product in cost accounting?
  10. What is Non-Integrated Accounting System?
  11.  What are essential Pre-requisites for Integrated System?

 

DISTINGUISH QUESTIONS:

  1. Cost unit and Cost centre
  2. Explicit costs and Implicit cost
  3. Job evaluation and Merit Rating
  4. Allocation and Apportionment
  5. Job Costing and Batch Costing
  6. Operating Costing and Operation Costing.
  7. Joint Product and By Product
  8. Cost reduction and Cost control.
  9. Product Cost and Period Cost
  10. Job Costing and Contract costing
  11. Standard cost and estimated cost.
  12. Absorption Costing and Marginal Costing
  13. Absolute and Commercial tonne kilometers

 

SHORT NOTES QUESTIONS:

  1. Conversion cost
  2. Sunk cost
  3. Differential cost
  4. Opportunity cost
  5. Escalation Clause.
  6. Irrelevant costs
  7. Retention Money
  8. Split off point
  9. Margin of Safety
  10. Profit Centre

 

 

FINANCIAL MANAGEMENT

  1. Explain the two basic aspects of financial management
  2. What are the characteristics of source of funds
  3. What are the two basic objectives of financial management
  4. Explain operating cycle
  5. The impact of double shift working on various components of working capital
  6. Explain the functions of the treasury department
  7. Explain various types of floats in the context of cash management
  8. Assumptions under  J. Baumol's model
  9. Explain Miller – ORR cash management model
  10. Procedure involved in factoring
  11. Explain the procedure for issue of commercial paper
  12. Short notes on modified internal rate of return method
  13. Short notes on capital rationing
  14. Difference between implicit vs. Explicit cost of capital
  15. What are all the factors determining capital structure
  16. Short notes on optimum capital structure
  17. What are all the assumptions in capital structure theories
  18. Explain Modigliani and Miller approach (mm)
  19. Short notes on trading on equity
  20. Explain the concept of  bridge finance
  21. Explain various methods of venture capital financing
  22. Procedure involved in debt securitisation
  23. Explain lease financing
  24. Explain seed capital assistance
  25. Difference between ADR & GDR
  26. Explain ploughing back of profit
  27. Explain DU PONT chart
  28. Difference between funds flow statement & cash flow statement

  

All the very best for your exam

Doubt clarification – Ct.98416 61405

For Model exam qtn paper -  mail to - cahariharan@rediffmail.com

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