Management Accounting Important Questions for Upcoming Exam
Dibrugarh University B.Com 5th Sem Both CBCS and Non-CBCS Pattern
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
Or
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 5. Budget and Budgetary Control Also Read: | |
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