Management
Accounting
BBA 7th Semester
Session 2007-2008
Subject Code: 4102
Chapter One:
Introduction to Management Accounting
1. Define Management Accounting.
Or, explain the term “Management Accounting”. BBA- 07
2. Distinguish between Management
Accounting and Cost Accounting. BBA- 2007
3. “Information provide by
management accounting is not prepared by following
GAAP” – Do you agree with the
statement? BBA- 2008
4. Explain the term “management
by exception”. BBA- 2008
6. Distinguish between Financial
Accounting and Management Accounting. BBA-2009
7. What are the ethical
responsibilities of management accountants? BBA-2009
8. Describe of technique of
Management Accounting. BBA-2010
9. Briefly explain the scope of
Management Accounting. BBA-2010
10. Relations between Financial
Accounting and Management Accounting.
11. Describe the role of
Management Accounting in organizations.
Chapter Two:
Cost Behavior
1. Define the terms: (i) cost
behavior, and (ii) relevant range. BBA- 2005
2. What relevant cost in decision
making? BBA- 2006
3. State the main features of
fixed cost. BBA- 2006
4. Distinguish between product
cost and period cost. BBA- 2006, 2009
5. Mention the methods of
segregating mixed cost. BBA- 2006
6. State the main features of
variable costing. BBA- 2006
7. What do you mean by step
variable cost? BBA- 2007
8. What do you mean by cost
behavior? BBA- 2007
9. Classify fixed cost according
to its behavior. BBA- 2007
10. Distinguish between committed
cost and discretionary cost. BBA- 2007
11. “Variable costs are always
relevant cost” – Do you agree? Explain. BBA- 2008
12. Define the term ‘opportunity
cost’ with appropriate example. BBA- 2008
13. Why product costs are
sometimes called inventor able costs? BBA-2009
14. “The relevance range pertains
to fixed costs, not variable costs.” Do you agree?
Explain. -09
Chapter Three:
Costing Methods
1. Definition of variable costing
and absorption costing.
2. Income measurement under
variable costing and absorption costing.
3. What are the advantages and
disadvantages of direct costing?
4. What are the main features of
variable costing? BBA- 2006
5. Distinguish between variable
costing and absorption costing. BBA- 2007, 2008, 2009
6. Discuss the uses of direct
costing in decision making. BBA- 2007
Chapter Four:
C-V-P and Break-even Analysis
1. What are the assumptions that
underlie CVP analysis? BBA- 2005, 2007, 2008, 2009
2. What is break-even chart? BBA-
2006
3. Describe the uses of
Cost-Volume-Profit analysis. BBA- 2007
4. Explain the significance of
margin of safety. BBA- 2007
5. What is mean by a product’s
Contribution Margin (MC) ratio? How is this ratio useful
in planning business operation?
BBA-2009
6. Briefly explain the different
techniques applied for CVP analysis. BBA-2010
7. What is Break-even Analysis?
State its importance. BBA- 2007, 2010
8. Discuss the importance of CVP
for decision making.
9. “Contribution margin is the
excess of sales over fixed costs.” Do you agree? Explain. -2010
10. Discuss the usefulness of
break-even chart.
Chapter Five:
Income Measurement under Direct Costing and Absorption Costing
1. Why variable costing and
absorption net income figures may or may not be equal?
BBA- 06
2. “A variable cost is a cost
that varies per unit of product, whereas a fixed is constant
per unit of product.” Do you
agree? Explain. BBA- 2006
3. What are the arguments in
favor of not charging fixed cost in the valuation of
inventory under direct costing?
BBA-2008
4. “Absorption costing considers
more categories of costs as product cost.” Explain.
BBA-2009
Chapter Six:
Budget
1. What do you understand by
master budget? BBA- 2006
2. State the difference between
cash budget and cash flow statement. BBA- 2007
3. What is a flexible budget? How
does flexible budget differ from fixed budget? BBA- 2008
4. Definition of cash budget,
sale budget & production budget.
5. What are the features of cash
budget?
6. Discuss the objectives and
functions of cash budget.
7. What are the factors consider
at the time of preparing cash budget & sale budget?
8. Discuss the important,
advantages and disadvantages of cash budget.
Chapter Seven:
Budgetary Control
1. What do you mean by budget and
budgetary control? BBA- 2007
2. Mention some of the major
benefits/advantages of budgeting. BBA- 2007
3. State the main objectives of
budgetary control system. BBA- 2007, 2008, 2009
4. Explain the functions of a
budget committee. BBA- 2007
5. What are the essentials of a
sound budgeting system? Explain. BBA- 2007
6. Distinguish between
forecasting and budgeting. BBA-2008
7. Distinguish between budget and
budgetary control. BBA-2009
8. What are the essential
conditions of budgetary control?
9. What are the limitations of
budgetary control?
Chapter Eight:
Segment Reporting, Probability Analysis and Decentralization
1. What are the six steps in
designing accounting based performances measures? BBA-2008
2. What are the benefits that
result from decentralization? BBA-2009
3. Distinguish among a cost
center, a profit center and an investment center. BBA-2009
Others:
1. Describe two methods to
account for by-product. BBA-2008
2. Distinguish between joint
product and by-product. BBA-2008
3. How does opportunity cost
center into the make or buy decision? BBA-2009
4. Define the following terms:
(i) Joint products; (ii) Joint costs; (iii) Split-off point.
Math:
Cost Behavior: 2005, 2006,
2006, 2007, 2009, 2010
C-V-P and
Break-even Analysis: 2005,
2005, 2006, 2006, 2007, 2008, 2009, 2010
Income
Measurement under Direct Costing and Absorption Costing: 2005,
2006, 2007, 2008, 2009, 2010
Budget:Cash budget-2005,2007,2008,2010,
Production budget-2007, Flexible budget- 2009
Segment
Reporting, Probability Analysis and Decentralization: 2008, 08,
2009, 2010
Others: Joint
product and By-product: 2008, 2009, 2010
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