QUESTION BANK

 

UNIT 1

1. Elements of cost

2. cost sheet

3. job costing

4. Economic batch quantity(EBQ)

5. Differences between batch and job costing

6. cost accounting- objectives, and functions

7. nature and scope of management accounting

8. cost concepts

9. cost classification




UNIT 2

1.** Last in first out ( LIFO), First in first out(FIFO),  weighted average -     PROBLEMS

2. Remuneration methods

3. labor turnover. how it will be measured? 

4. inventory control

5. time keeping & booking



UNIT 3

1. **Financial statement analysis- objectives

2. comparative and common size analysis

3. trend analysis



UNIT 4

1. types of ratios

2. ratio analysis - uses and limitations


UNIT 5

1. features and importance of marginal costing

2. profit volume ratio  (p/v ratio)

3.** Break-even analysis      -  PROBLEMS

4. Differences between absorption costing and marginal costing

5. MOS- margin of safety







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UNIT 1

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 UNIT 1  Synopsis: 1.cost accounting - introduction, objectives, functions, cost sheet, cost concepts, classification 2. Management accounting - Nature, scope, functions 3. distinguish between  financial accounting, cost accounting, and management accounting 4.methods of costing - job, batch costing 1Q) Define Cost  Accounting. Briefly explain the objectives and scope of cost accounting.(10M) Introduction:   Cost : Cost is the amount incurred for the production and distribution of the product. It does not include income tax, interest on capital, preliminary expenses, dividends, goodwill, bad debts etc.   Cost   Accounting : Recording of cost-related information. Costing : Costing is the method or technique with the help of which cost can be ascertained. Definition: Cost accounting is defined as a system of recording in accounts the materials used and labour employed in the manufacture of a certain commodity/ on a particular job. Objectives of Cost Acco...
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UNIT 3

 UNIT 3 SYNOPSIS: Financial statement analysis methods/tools of analysis and interpretation- comparative statements, common size statements, trend analysis 1. Define financial statement analysis. Explain the objectives and powers of financial statement analysis  2. Briefly explain comparative analysis and common size analysis * 3. Trend analysis (5M)** 4. What is the need for analysis of financial statements? 1Q) Financial statement analysis:  Financial statement analysis is the procedure of analysing an enterprise’s  financial statements  for making decisions for purposes and to understand the comprehensive health of an organization. Financial statements document financial information, which must be evaluated through financial statement analysis to become more helpful to shareholders, managers, investors, and other interested parties. To put it in other words, the term ‘financial analysis’ comprises both ‘analysis and interpretation’. Tools of Analysis of Fin...
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