Management Accounting Important Questions and Answers for Upcoming Exams, CBCS and Non CBCS Pattern

Management Accounting Important Questions for Upcoming Exam
Dibrugarh University B.Com 5th Sem Both CBCS and Non-CBCS Pattern

Management Accounting Important Questions and Answers

Unit – 1: Introduction to Management Accounting

Q. Discuss the limitations of financial accounting and point out how far Management Accounting helps in overcoming such limitations.

Q. Define the term management accounting. What are its characteristics? Discuss the scope of management accounting.              2015, 2018

Q. “Management accounting is nothing more than the use of financial information for management purpose.” Explain the statement. 2012, 2014, 2016, 2019


Q. “Management Accounting is mainly concerned with presentation of accounting information is such a way that is useful to management in decision making.” Explain the statement.                     2010, 2011, 2012, 2013, 2016, 2017

Q. Discuss the Advantages and Limitations of management accounting. What are the essentials for success of management accounting?           2010, 2015, 2017, 2022

Q. Explain the role of management accountant in modern business enterprises.             2014

Q. What are various functions of management accounting?        2013, 2017, 2019, 2022

Q. What are the tools and techniques which make it useful for the management?   2015, 2018, 2022

Q. Distinguish between:

Ø  Management accounting and Cost accounting          2011, 2018

Ø  Management accounting and Financial Accounting                 2012, 2014, 2016

Q. “The managerial objectives of accounting are to provide data to help the management in planning, decision-making, coordinating and controlling operations.” Discuss.  

Not Practical Problem from This Chapter.

Unit – 2: Funds Flow and Cash Flow Statement

Q. Define Funds Flow Statement. What are the purposes of preparing Fund Flow Statement? Point out limitations of Funds Flow Statement. 2013, 2015, 2019

Q. Define the term “flow of funds”. How do you determine whether a particular change is in the nature of a source or of an application of fund? 2010, 2015

Q. How Funds flow statement is prepared? Explain various sources and applications of funds.

Q. Define Cash Flow Statement. What are its objectives? Discuss the importance and limitations of Cash flow statement.                                2016, 2022

Q. How cash flow statement is prepared? Explain direct and indirect method of preparing cash flow statement.                2011, 2014, 2018

Q. Distinguish between:

Ø  Cash flow statement and Funds flow statement            2012, 2016, 2022

Ø  Cash flow statement and Cash Budget

Ø  Cash flow statement and cash book                   2018

Ø  Funds flow statement and Income statement          2017

Ø  Funds flow statement and Balance sheet                 2017   

Management Accounting

Chapter Wise Notes

Chapter Wise MCQs

1. Introduction to Management Accounting

2. Funds Flow Statement

3. Cash Flow Statement

4. Marginal Costing

5. Budget and Budgetary Control

Also Read:

6. Standard Costing and Variance analysis

7. Ratio Analysis

Management Accounting MCQs

Marginal and Absorption Costing

Budget and Budgetary Control

Standard Costing

Ratio Analysis

Cash Flow Statement

Funds Flow Statement

Financial Statement and Financial Statements Analysis

Management Accounting Important Questions for Upcoming Exams (Dibrugarh University)

Management Accounting Solved Papers: 2013  2014 2015  2016 2017 2018 2019

Management Accounting Question Papers: 2013 2014 2015 2016 2017 2018 2019

Unit – 3: Marginal Costing and Absorption Costing

Q. “Marginal Costing is essentially a technique of Cost analysis and cost presentation.” Discuss the statement with reference to the application of marginal costing, merits and limitations. 2010, 2012, 2017, 2018, 2022

Q. “Marginal costing is a valuable aid to management.” Explain this statement.  2011, 2013, 2014, 2015, 2016, 2019

Q. What is absorption costing? What are its merits and limitations? Distinguish between (a) marginal costing and differential costing and (b) marginal costing and absorption costing.

Q. Write short notes on:

Ø  Assumptions of marginal costing

Ø  Contribution

Ø  Breakeven point

Ø  Change in product mix

Ø  Profit Volume Ratio

Ø  Margin of Safety

Ø  Break even chart

Ø  Angel of Incidence  

Q. Practical Problems: One Practical Problem Expected (Follow Our YouTube Channel)

Unit – 4: Budget and Budgetary Control

Q. What do you mean by Budget and Budgetary control? State the objectives and limitations of budgetary control.                2010, 2014, 2018, 2022

Q. Explain the importance of budgetary control. What are the essential for effective budgeting?            2013

Q. What are various types of budget? Explain them.                 2017

Q. Explain the meaning of sales budget and production budget. Distinguish between sales budget and production budget.               2016, 2019

Q. What is zero base budgeting? Explain its benefits and limitations. What are the steps involved in zero base budgeting?                2012

Q. What is cash budget? State its importance. How cash budget is prepared?    2011, 2015, 2022

Q. What is fixed and flexible budget? Distinguish between them.   

Q. Practical Problems:

1. Flexible Budget

2. Cash Budget

3. Production Budget

4. Selling and Distribution Overheads Budget