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COSTING AND FINANCIAL MANAGEMENT
IMPORTANT THEORY QUESTIONS
FOR CA IPCC – Nov.2013 EXAM
1)
Short notes:
-
Responsibility
centre
-
Differential
cost
-
Opportunity
cost
-
Out-of-pocket
cost
-
sunk
costs
-
Discretionary
costs
-
Conversion
cost
-
Retention money
-
Escalation clause
-
ABC analysis
-
integrated accounting system
-
split off point
-
Debt securitization
-
Zero Coupon Bonds
-
External Commercial Borrowings (ECB)
2)
Differentiate:
-
Product
costs & period costs
-
Controllable
& uncontrollable
-
Implicit
costs& explicit costs
-
Bin Cards & Stores Ledger
-
cost reduction and cost control
-
cost centre vs.
cost unit
-
Perpetual inventory & continuous
stock taking
-
Time Keeping and Time Booking
-
Job Evaluation
& Merit Rating
-
Casual Worker
and Outworker
-
Allocation and apportionment
-
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
-
Working capital cycle
-
Open ended & close ended lease
-
Business risk & financial risk
-
Concentration banking & lock box
system
-
Miller – Orr cash management model
-
Bridge
finance and seed capital assistance
-
funds flow statement & cash flow
statement
-
ADR Vs. GDR
3) Enumerate the objectives of cost accounting
4) Discuss essential features of a good cost accounting system
5)
Methods of
segregating Semi-variable costs into fixed and variable costs
6)
Differentiate between WASTE and SPOILAGE
and its cost accounting treatment
7)
Discuss the concept of overtime premium
& its accounting treatment
8)
Identify the causes of labour turnover
& costs which are associated with labour turnover
9)
Treatment of
under-absorbed overheads in cost accounting
10)
Discuss
General ledger adjustment account
11)
Enumerate the pre-requisites for
integrated accounts
12)
Identify
the causes for differences between Income under cost and financial accounts
13) List down the advantages of cost plus contract
14)
Discuss the accounting treatment of
by-product
15)
Discuss cost-volume-profit analysis
16) Discuss
basic aspects of financial management
17) List
down characteristics of source of funds
18) Discuss
the role of CFO.
19) List
down the functions of the treasury department:
20) Discuss
the types of floats in the context of cash management
21) Discuss
the procedure for factoring
22) List
down the features of commercial papers
23) Methods
of computation of time value of money
24) Discuss
Modified internal rate of return method
25) Define
optimum capital structure and its benefits.
26) List
down the assumptions in capital structure theories
27) List
down the assumptions under Modigliani and miller approach (MM)
28) Brief
on concept of trading on Equity
29) List
down methods of Venture Capital Financing
30) Briefly
discuss lease financing
31) Discuss
on ploughing back of profit
32) Need
for debt service coverage ratio
33) Discuss
Du Pont chart for calculating return on equity
1 comment:
thank u sir
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