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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)
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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3 comments:
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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