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:

12. Cost unit and Cost centre
13. Explicit costs and Implicit cost
14. Job evaluation and Merit Rating
15. Allocation and Apportionment
16. Job Costing and Batch Costing
17. Operating Costing and Operation Costing.
18. Joint Product and By Product
19. Cost reduction and Cost control.
20. Product Cost and Period Cost
21. Job Costing and Contract costing
22. Standard cost and estimated cost.
23. Absorption Costing and Marginal Costing
24. Absolute and Commercial tonne kilometers

 

SHORT NOTES QUESTIONS:

25. Conversion cost
26. Sunk cost
27. Differential cost
28. Opportunity cost
29. Escalation Clause.
30. Irrelevant costs
31. Retention Money
32. Split off point
33. Margin of Safety
34. Profit Centre

 

 

FINANCIAL MANAGEMENT

35. Explain the two basic aspects of financial management
36. What are the characteristics of source of funds
37. What are the two basic objectives of financial management
38. Explain operating cycle
39. The impact of double shift working on various components of working capital
40. Explain the functions of the treasury department
41. Explain various types of floats in the context of cash management
42. Assumptions under  J. Baumol's model
43. Explain Miller – ORR cash management model
44. Procedure involved in factoring
45. Explain the procedure for issue of commercial paper
46. Short notes on modified internal rate of return method
47. Short notes on capital rationing
48. Difference between implicit vs. Explicit cost of capital
49. What are all the factors determining capital structure
50. Short notes on optimum capital structure
51. What are all the assumptions in capital structure theories
52. Explain Modigliani and Miller approach (mm)
53. Short notes on trading on equity
54. Explain the concept of  bridge finance
55. Explain various methods of venture capital financing
56. Procedure involved in debt securitisation
57. Explain lease financing
58. Explain seed capital assistance
59. Difference between ADR & GDR
60. Explain ploughing back of profit
61. Explain DU PONT chart
62. 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