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Sunday, April 29, 2012

ICWA COSTING 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 / 9940623954


COST & MANAGEMENT ACCOUNTING


 


IMPORTANT THEORY QUESTIONS


FOR ICWA Inter – June 2012 EXAM


 


1)     Difference between cost reduction and cost control


2)     Cost centre vs. Cost unit


3)     Differential cost


4)     Opportunity cost


5)     Sunk costs


6)     Conversion cost


7)     Relevant cost


8)     Profit centre


9)     Distinguish between bin cards and stores ledger


10)                        ABC analysis


11)                        Accounting and control of waste, scrap, spoilage and defectives


12)                        Material Transfer Note


13)                        VED Analysis


14)                        Basic assumptions under EOQ


15)                        Idle time


16)                        Accounting treatment of overtime premium in cost accounting


17)                        Causes of labour turnover & Steps to minimise labour turnover


18)                        Difference between job evaluation & merit rating


19)                        Learning curve


20)  Differences between allocation and apportionment


21)                        Blanket overhead rates


22)                        Treatment of under-absorbed and over-absorbed overheads Non-integrated accounting system


23)                        Advantages & Pre-requisites of integrated accounting system


24)                        Causes which give rise to differences in the cost and financial accountsDifference between job costing & batch costing


25)                        Retention money


26)                        Cost plus contract & its advantages


27)                        Escalation clause


28)                        Difference between job & contract costing


29)                         Accounting treatment of by-product       


30)                        Distinction between joint-product and by-product


31)                        Split off point


32)                        Reverse cost method in by-product cost accounting


33)                        Equivalent production


34)                        Difference between operation cost and operating cost


35)                         Difference between marginal costing and absorption costing


36)                        Cost-volume-profit analysis


37)                        Angle of incidence


38)                        Key factor


39)                        Margin of safety (MOS)


40)                        Break even analyses


41)                        Sensitivity Analysis


42)                        How to improve PV ratio


43)                        Difference between fixed and flexible budget


44)                        Zero Based Budget (ZBB)


45)                         Difference between standard costing and budgetary control


46)                         Variance analysis


47)                         Activity Based Management


48)                         Activity Based Costing


49)                         Cost Drivers


50)                        Types of Transfer Pricing


51)                        Principles of Management


52)                        Balanced scorecard


53)                         Management control system in non-profit organisation


54)                         Features of performance measurement system


55)                        Performance management


56)                         Bench marking


57)                         Performance budgeting


58)                         Functions of organization


59)                         Features of management


60)                         MRP


61)                         Value analysis


62)                         ERP


63)                         MRP II


64)                         Value engineering


65)                         Target costing


66)                         TQM


67)                         JIT


68)                         Supply chain Analysis


69)                         Uniform costing


70)                         Inter firm comparison


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1 comment:

Vijay said...

Thank you sir, my name is Vijay Desai, I am working with a MNC company and while working I am perparing for the exam. Your directions for the exam perparation would really helps me because I have limited time for perparation. Thanks My email id is shri.vijaydesai@gmail.com

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