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Saturday, March 31, 2012



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1)      Enumerate the  objectives of cost accounting

2)      For business survival cost reduction is considered important. Discuss its scope and the assumptions enumerated there under.

3)      Differentiate between cost reduction and cost control

4)      For optimizing the utility of cost accounting an organization should possess a suitable cost accounting system. Discuss essential features of a good cost accounting system

5)      Differentiate cost centre vs. cost unit

6)      Define :

     - Responsibility centre

                - Differential cost

                - Opportunity cost

                - Out-of-pocket cost

                - sunk costs

                - Discretionary costs

                - Conversion cost

                      - Uncontrollable costs

                   - Retention money

                      - Escalation clause

                   - split off point

                   - Debt securitization

                     -  Zero Coupon Bonds

                     - External Commercial Borrowings (ECB)

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

8)      Differentiate:

-  Product costs & period costs

      -  Implicit costs& explicit costs

      -  Bin Cards & Stores Ledger

      -  Perpetual inventory & continuous stock taking

      -  re-order level and re-order quantity

      -  Time Keeping and Time Booking

      -  Job Evaluation & Merit Rating

      -  Casual Worker and Outworker

      -  Allocation and apportionment

      -  Blanket overhead rates & departmental rates

      -  Blanket overhead rates & departmental rates

      -  Job & contract costing

      -  Operation cost & operating cost

         -  Job costing & process costing

      -  Joint-product and by-product

         - Marginal costing and absorption costing

      - Fixed and flexible budget

      - Profit maximization vs. wealth maximization

      - Implicit vs.  Explicit cost of capital

      - Business risk & financial risk

      - Bridge finance and seed capital assistance

      - ADR Vs. GDR


 9) How ABC ANALYSIS does helps us in optimizing cost structure of an organization.

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

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

12) Identify the causes of labour turnover & costs which are associated with labour turnover

13) Treatment of under-absorbed overheads in cost accounting

14) Discuss General ledger adjustment account

15) Enumerate the concept integrated accounting system and pre-requisites for integrated accounts

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

17)  List down the advantages of cost plus contract

18)  Discuss the accounting treatment of by-product     

19)  Discuss cost-volume-profit analysis

20)  Discuss basic aspects of financial management

21)  List down characteristics of source of funds

22) Discuss the role of Chief Financial officer.

23) Briefly discuss the working capital cycle

24) List down the functions of the treasury department:

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

26) Discuss the lock box system

27) Discuss miller – Orr cash management model

28) Discuss the procedure for factoring

29) List down the features of commercial papers

30) Methods of computation of time value of money

31) Discuss Modified internal rate of return method

32) Define optimum capital structure and its benefits.

33) List down the assumptions in capital structure theories

34) List down the assumptions under Modigliani and miller approach (mm)

35) Brief on concept of trading on Equity

36) List down methods of Venture Capital Financing

37) Briefly discuss lease financing

38) Discuss on ploughing back of profit

39) Need for debt service coverage ratio

40) Discuss Du Pont chart for calculating return on equity

41) Difference between funds flow statement & cash flow statement

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Anonymous said...

Dear Sir,
When will the suggested answers for the model exam release?


mrk_durga said...

thnx for the questions sir ..

CA Student said...

thankyou sir. Saikumar pcc