CMA Question of ICMAB - August 2010

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH
CMA AUGUST, 2010 EXAMINATION

FOUNDATION LEVEL
SUBJECT: 001. PRINCIPLES OF ACCOUNTING.
Time: Three hours
All questions are to be attempted.
Show computations, where necessary.
Answer must be brief, relevant, neat and clean.
Start answering each question from a fresh sheet.
Full Marks: 100
Q. No. 1.
The following Trial Balance and adjustments are taken from the Books of Padma Ltd.:
Padma Ltd.
Trial Balance
As on 31.12.2009
Accounts Titles
Debit (Tk.)
Cash
1,20,000
Furniture and Fixtures
95,000
Accum. Dep. Furniture and Fixture
--Accounts Receivable
75,000
Notes Receivables
35,000
Allowance for Bad debts
--Inventory (1.1.2009)
65,000
Unexpired Insurance
15,000
Supplies on Hand
7,000
Accounts Payable
--Notes Payable
--Common Stock
--Retained Earnings
--Sales
--Sales Return and Allowances
12,000
Purchases
1,20,000
Transportation in
10,000
Selling Expenses
18,000
Administrative Expenses
25,000
Interest Revenue
--Interest Expenses
5,000
Total
602,000
Adjustments:
(1) Office Salaries accrued Tk.3,000.
(2) Interest payable on Notes Payable Tk.2,000.
(3) Interest earned on Notes Receivable Tk.2,500.
(4) Estimated Bad Debts, 1% on net sales.
(5) Depreciation on Furniture and Fixtures, 5% per annum.
(6) Insurance expired Tk.10,000.
(7) Supplies used Tk.5,000.
(8) Income tax payable at 20%.
Required:
(i)
Ten column worksheet as at December 31, 2009.
(ii) Income Statement for the year ended December 31, 2009.
(iii) Balance sheet as at December 31, 2009.
Credit (Tk.)
----15,000
----2,000
------48,000
16,000
1,70,000
50,000
2,90,000
----------11,000
--602,000
[Marks: (15+5+5) = 25]
Page 1 of 50

FOUNDATION LEVEL
Q. No. 2.
The following information is available for H. Company as of June 30, 2009:
(a)
Cash on the books as of June 30 amounted to Tk.1,13,675. Cash on the Bank Statement on the
same date was Tk.1,41,717.
(b)
A deposit of Tk.14,250 representing cash receipts of June 30, did not appear on the Bank
Statement.
(c)
Outstanding cheque totaled Tk.7,294.
(d)
A cheque for Tk.2,420 returned with the statement was recorded incorrectly in the cash
payments journal as Tk.2,024. The cheque was for advertising.
(e)
The Bank service charge for June amounted Tk.26.
(f)
The Bank collected Tk.36,400 for H. Company on a note. The face value of the note was
Tk.36,000.
(g)
An NSF cheque for Tk.1,140 from a customer returned with the statement.
(h)
The Bank mistakenly deducted a cheque for Tk.800 drawn by M company.
(i)
The Bank reported that it had credited the account for Tk.960 for interest on the average
balance.
Required:
(i)
Prepare Bank Reconciliation Statement as of June 30, 2009.
(ii)
Pass necessary Journal Entries to adjust the Cash Account.
[Marks: (10+05) = 15]

Q. No. 3.
The following are data related to Atam Companys beginning inventory, purchases, and sales for the
year 2009.
Beginning inventory and purchase
Sales
Units
Unit Cost (Tk.)
Units
Beginning inventory
12,500
@
3.00
February 3
10,500
March 15
10,000
@
3.12
May 4
9,000
May 10
17,500
@
3.30
September 16
16,000
Augusts 12
12,500
@
3.48
October 9
14,500
November 20
7,500
@
3.72
50,000
60,000
Required:
Compute the ending inventory and cost of goods sold under each of the following methods assuming
periodic inventory procedure: (i) Specific identification (assuming ending inventory is taken equally
from the August 12 and November 20 purchases.) (ii) FIFO, LIFO, Weighted average.
[Marks: 20]
Q. No. 4.
Journalize the following transactions:
(i)
Materials purchased and received on account Tk. 2,00,000.
(ii) Materials requisitioned for production Tk. 1,60,000 and for indirect factory use Tk. 24,000
during the month.
(iii) The distribution of the payroll was; Direct Labour 60%, Indirect factory Labour 15%;
Marketing Salaries 18% and administrative Salaries 7%.
Page 2 of 50

FOUNDATION LEVEL
Q. No. 4.(contd.)
(vi)
Factory overhead consisting of Depreciation Tk. 17,000; Prepaid insurance Tk. 2,400.
(v)
General factory overhead costs (not itemized) Tk. 52,680; 70% of these expenses was paid in
cash, the balance was credited to Account Payable.
(vi)
Amount received from customers in Payment of their accounts Tk. 4,10,000.
(vii) Liabilities of Accounts Payable Tk. 4,14,000; Estimated Income Tax Tk. 71,400 and Due on
Long-term debt Tk. 20,000 were paid.
(viii) Factory overhead accumulated in the factory overhead control accounts was transferred to the
work in process account.
(ix)
Work completed and transferred to finished goods Tk. 6,40,000.
(x)
Provision for income tax Tk. 52,000.

[Marks: 20]
Q. No. 5.
(a) What is Stock Dividend?
(b) What is Stock Split? What results involved in stock split?
(c) Distinguish between Depreciation, Amortization and Depletion.
(d) What are Matching Principles and Revenue Recognition?
[Marks: (4 x 5) = 20]
= THE END =
Page 3 of 50

FOUNDATION LEVEL
SUBJECT: 002. BUSINESS COMMUNICATION AND OFFICE MANAGEMENT.
Time: Three hours
Full Marks: 100
Answer THREE questions from each part, where Q. No. 4 and 8 are compulsory.
Use a fresh sheet for answering each question.
GROUP-A: BUSINESS COMMUNICATION
Q. No. 1.
(a) What is Business Communication? Both written and oral communications are needed for a
successful Manager Explain.
(b) Why employees of an organization depend on formal Communication?
(c) Identify three techniques to improve business writing those you consider to be very important.
[Marks: (6+6+3) = 15]
Q. No. 2.
(a) Discuss the procedures of report writing?
(b) What are the factors to be considered while drafting a report?
(c) Draft a directors report of a public limited company.
[Marks: (5+5+5) = 15]
Q. No. 3.
(a) Draft a notice for holding the Annual General Meeting of a publicly listed company.
(b) Write a letter to the Register of Joint Stock Company to allow three months time extension to
hold the AGM of your company.
[Marks: (7+8) = 15]
Q. No. 4.
Write short notes on any FIVE of the following:
(i) Extra ordinary General Meeting, (ii) Bonded warehouse, (iii) Capital Market, (iv) Proxy to AGM,
(v) I.P.O., (vi) Letter of Indemnity, (vii) Credit note, (viii) Organization chart.
[Marks: (4 x 5) = 20]
GROUP-B: OFFICE MANAGEMENT

Q. No. 5.
(a) What is the objective of Office Management?
(b) Discuss the Major functions of Office Management.
(c) Discuss the principles of scientific Office Management.
[Marks: (3+6+6) = 15]
Q. No. 6.
(a) Inter office relationships & co-ordination is must for good office Management. Do you agree
with this view? Explain.
(b) Discuss the organogram with a diagram of a hypothetical company.
(c) Discuss the various methods of cost control of an office.
[Marks: (5+5+5) = 15]
Page 4 of 50

FOUNDATION LEVEL
SUBJECT: 002. BUSINESS COMMUNICATION AND OFFICE MANAGEMENT.
Q. No. 7.
(a) Positive relationship between employer and employees is must for a good administration of
office. Do you accept this option? How & why?
(b) Discuss the importance of office Management.
(c) What are the Methods of job evaluation of an Employee?
[Marks: (5+5+5) = 15]
Q. No. 8.
Write short notes on any FIVE of the following:
(i) Business ethics, (ii) Mobile Banking, (iii) Office decoration, (iv) Job rotation of office work,
(v) Office Filing, (vi) Lay out of office, (vii) Office Security, (viii) Office Manuals.
[Marks: (4 x 5) = 20]
= THE END =
Page 5 of 50

FOUNDATION LEVEL
SUBJECT: 003. QUANTITATIVE TECHNIQUES.
Time: Three hours
Answer any TEN questions, FIVE from each part.
All questions carry equal marks; the notations refer to usual meanings.
Full Marks: 100
PART A : BUSINESS MATHEMATICS

Q. No. 1.
(a) If x2 + y2 = 7xy, prove that log (x + y) = log3 + logxy.
(b) Prove that {cos(sin-1x)}2 = {sin (cos-1x)}2.
[Marks: (5+5) = 10]
Q. No. 2.
(a)
(b)
2 3
If A = 1 2
6 9
1
1
4
1 3
2 2
3 0
and B =
1
1
1
prove that AB = BA.
A loan of Tk.1,000 is to be paid in 5 equal annual installment. Interest being at 6% p.a.

compounded and 1st payment was made after a year. What amount will be paid in each
installment?
[Marks: (5+5) = 10]
Q. No. 3.
(a) Find the following integrals:
(i)
(b)
sinx + cosx
dx
5tanx
(ii)
1 + sinx dx
Evaluate
/2
(i)
dx
1 + cosx
(ii)
xe
3x
dx
[Marks: (5+5) = 10]

Q. No. 4.
(a) The roots of the equation 2x2 + x + 5 = 0 are and and those of 2x2 3x + 2b = 0 are (+1)
and (+1). Determine the value of b.
(b) How many numbers between 5,000 and 6,000 can be formed with the digits 3, 4, 5, 6, 7, 8 if no
digit is repeated in a number?
[Marks: (5+5) = 10]
Q. No. 5.
(a) A man borrows Tk.750 from a money lender and the bill is renewed after every half year at an
increase of 21%. What time will elapse before it reaches Tk.7,500?
(b) Prove that the lines 3x 4y + 5 = 0, 7x 8y + 5 = 0 and 4x + 5y = 45 are concurrent.
[Marks: (4+6) = 10]
Page 6 of 50

FOUNDATION LEVEL
Q. No. 6.
(a) If , are the roots of the equation (a + b + c)x2 + (a + 2b)x + c = 0, form the equation whose
roots are
(b)
and
.
1
1
In how many ways can the letters of the word daughter be arranged so that the vowels may
never be separated?
[Marks: (5+5) = 10]
Q. No. 7.
cos
sin
+
= sin + cos.
1 tan 1 cot
(a)
Prove that =
(b)
Find that total cost function and average cost function from the marginal cost function MC =
100 10q + 0.3q2, when the fixed cost is Tk.1,000.
[Marks: (5+5) = 10]
PART B : BUSINESS STATISTICS

Q. No. 1.
(a) Define standard deviation and co-efficient of variation.
(b) The Life of Tube bulbs of two different companies are given below:
No. of Bulbs
Life (in hours)
Company-A
Company-B
1000-1200
18
15
1200-1400
22
24
1400-1600
26
30
1600-1800
25
20
1800-2000
9
16
(i) Which companys bulbs give a higher average life?
(ii) If the price are same for the bulbs of both companies, which one you will purchase and why?
[Marks: (3+7) = 10]
Q. No. 2.
(a) Explain with example the following concepts:
(i) Positive correlation (ii) Negative correlation (iii) Zero correlation
(b) You are given the following data about the sales and advertisement expenditure of a firm:
Sales (Lac Taka)
Adv. Expenditure(Lac Taka)
Mean
85.00
8.21
Standard deviation
7.30
2.62
Correlation of Coefficient
+ 0.65
(i)
Estimate the likely sales for a proposed advertisement expenditure of Tk. 12.50 Lac.
(ii) What should be the advertisement budget if the Company wants to achieve a sales target
of Tk. 1.0 crore.
[Marks: {3+(3+4)} = 10
Q. No. 3.
(a) Distinguish between Karl Pearsons and Bowleys Co-efficient of skewness.
(b) You are given the following data pertaining to Kilowatt hours of electricity consumed by 100
persons in Dhaka city.
Consumption(kwh)
0-10
10-20
20-30
30-40
40-50
No. of Users
6
25
36
20
13
Calculate: (i) Arithmetic mean (ii) Standard deviation.
[Marks: (4+6) = 10]
Page 7 of 50

FOUNDATION LEVEL
Q. No. 4.
(a) Two cards are drawn from a well-shuffled ordinary deck of 52 cards. Find the probability that
are both aces if the first card is (i) replaced (ii) Not replaced.
(b) A bag contains 7 red and 3 white balls. Two balls will be selected at random from the bag one
after another. What is the probability that (i) two balls are same colours. (ii) two balls are
different colours.
[Marks: (5+5) = 10]
Q. No. 5.
(a) What is in difference between a null Hypothesis H0 and alternative Hypothesis H1?
(b) What is the difference between one tail and two tail test?
(c) What are the some ethical issues to be concerned with in performing a Hypothesis test?
[Marks: (3+3+4) = 10]
Q. No. 6.
(a) Define sampling. What is sampling error and non-sampling error?
(b) In a simple random sample of 600 men taken from Dhaka City 400 are found to be smokers. In
another simple random sample of 900 men taken from Rajshahi City 450 are smokers. Do the
data indicate that there is a significance difference in the habit of smokers in the two cities?
[Marks: (3+7) = 10]
Q. No. 7.
(a) What is business forecasting? What are the assumptions on which business forecasting are
made?
(b) Calculate the trend values by the method of least squares from the following data given and
estimate then sales for the year 2008:
Year
Sale of Beauty Soap (in million)
2000
12
= THE END =
Page 8 of 50
2001
18
2002
20
2003
2004
23
27
[Marks: (4+6) = 10]

FOUNDATION LEVEL
SUBJECT: 004. BUSINESS ECONOMICS AND INTERNATIONAL BUSINESS.
Time: Three hours

Full Marks: 100
Answer FIVE questions taking at least TWO from each Group A and B.
GROUP-A: BUSINESS ECONOMICS
Q. No. 1.
(a) What are the main problems a management accountant professional would face in his work
without the knowledge of economics?
(b) Distinguish between Economic profit and Accounting profit.
(c) Distinguish between Profit and Value Added.
(d) What are the reasons of variation of profit in between the firms?
[Marks: (5+4+5+6) = 20]
Q. No. 2.
(a) What are exceptions to the law of demand? Illustrate your answer.
(b) What is the probable impact of recent global financial crisis on investment in Bangladesh?
(c) Discuss the importance of assessment of elasticity.
(d) Give examples of three price elastic and three income elastic goods in Bangladesh.
(e) What is the nature of income elasticity of inferior goods?
[Marks: (4+5+4+4+3) = 20]
Q. No. 3.
(a) Distinguish between Perfect Competition and Oligopoly market.
(b) State how price is determined under perfect competition. Explain with a diagram.
(c) What is the price discrimination?
[Marks: (7+7+6) = 20]
Q. No. 4.
(a) Differentiate between demand-pull and cost-push inflation.
(b) State whether inflation is always bad? Justify your answer.
(c) Distinguish between GDP and GNP.
(d) Calculate National Income from the following data:
Compensation of employees
Rents
Interests
Profit:
Proprietors income
Corporate income
Indirect business Taxes
Capital consumption allowances
Payments of factor income to rest of the World
Receipts of factor income from the rest of the World
Tk. in crores
4222.7
122.2
403.6
478.3
586.6
679.0
754.2
215.3
208.3
[Marks: (5+4+5+6) = 20]
Page 9 of 50

FOUNDATION LEVEL
SUBJECT: 004. BUSINESS ECONOMICS AND INTERNATIONAL BUSINESS.
Q. No. 5.
(a) Distinguish between
(i)
Break even point and Shout down point
(ii) Fixed cost and Variable cost, and
(iii) Law of increasing return and law of diminishing return
(iv) Internal economies and External Economies of firms
(b) Calculate average cost, marginal cost, marginal revenue, average revenue and profit from the
following information:
Units of Output
1
2
3
4
5
6
7
8
(c)
Total Cost
250
300
400
450
550
610
670
750
Variable Cost
150
200
300
350
450
510
570
650
Fixed Cost
100
100
100
100
100
100
100
100
Total Revenue
150
300
400
500
600
650
700
760
State at what output level profit will be maximized using the data of b above.
[Mark: (8+8+4) = 20]
GROUP-B: INTERNATIONAL BUSINESS
Q. No. 6.
(a) What is the usual documentation requirement in exports from and imports to Bangladesh?
(b) What are the main comparative advantages of Bangladesh Garments for exports in global
market?
(c) What are the advantages and disadvantages of strategy of export orientation?
[Marks: (7+5+8) = 20]
Q. No. 7.
(a) What do you mean by Product Life Cycle? Discuss the important features of the different stages
of a product.
(b) Discuss about the forces leading international firms to go overseas for their production and
marketing.
(c) Do you think the operations of MNCs are good for the economic development of a country like
Bangladesh? Give your reasons.
[Marks: (8+6+6) = 20]
Q. No. 8.
Write Short Notes on five of the following:
(i)
Non-Price Competitiveness.
(ii) Non-Tariff Barriers.
(iii) Trade Facilitation.
(iv) WTO.
(v) FTA.
(vi) Social Compliance in Export Industries.
(vii) Taxation of Imports.
(viii) Transfer Income.
[Marks: (4 x 5) = 20]
= THE END =
Page 10 of 50

PROFESSIONAL LEVEL I
SUBJECT: 101. INTERMEDIATE FINANCIAL ACCOUNTING.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) As a professional accountant can you compare with the direct method of cash flow and indirect
method of cash flow?
(b) XYZ Ltd. a major retailer of accessories operates several stores and is listed with Dhaka Stock
Exchange. The comparative statement of financial position and income statement for XYZ Ltd.
as of June 30, 2010 are shown below to prepare its statement of cash flow:
XYZ Ltd.
Comparative Statement of Financial Position
As of June 30, 2009 and June 30, 2010
2010
Taka
Current Assets:
Cash
Debtors
Stock-in-trade
Prepaid expenses
Total current assets
Long term Assets:
Machinery and equipments
Less: Accumulated depreciation
Net long term assets
Total Assets
Current Liabilities:
Creditors
Payable: Interest
Salary
Short Term loan
Total current liabilities
Shareholders equity:
Common shares (Tk. 10/- each)
Retained earnings
Net long term assets
Total liabilities and shareholders equity
2009
Taka
33,250
80,000
210,000
9,000
332,250
20,000
58,000
250,000
7,000
335,000
600,000
(150,000)
450,000
782,250
502,000
(125,000)
377,000
712,000
123,000
47,250
27,000
70,000
267,250
115,000
72,000
25,000
100,000
312,000
370,000
145,000
515,000
782,250
280,000
120,000
400,000
712,000
XYZ Ltd.
Income Statement for the year ended June 30, 2010
Taka
1,255,250
(722,000)
533,250
Sales
Cost of goods sold
Total contribution
Expenses:
Payroll expenses
Interest expenses
Other expenses
Depreciation
Total expenses
EBT
Tax
EAT
(252,100)
(75,000)
(8,150)
(25,000)
(360,250)
173,000
(43,000)
130,000
Page 11 of 50

Q. No. 1. (Contd..)
Other information for consideration:
(i)
During the year all sales were made on account;
(ii) All stocks was purchased on account, comprising trade creditors account;
(iii) Machinery and equipments costing Tk. 98,000/- were purchased by paying Tk. 48,000/- in cash and
issuing 5,000 shares of Tk. 10/- each;
(iv) Income taxes incurred during the year were paid during the year;
(v) In order to supplement its cash, XYZ Ltd. Issued 4,000 shares at per value;
(vi) Cash dividends of Tk. 105,000/- were declared and paid at the end of fiscal year;
(vii) The other expenses are related to prepaid items.
Required:
Prepare a statement of cash flows as per IAS-7 for XYZ Ltd. for the year ended June 30, 2010 using the
direct method.
[Marks: (4+16) = 20]
Q. No. 2.
(a) Distinguish between the two bases that may be used in estimating uncollectible accounts.
(b) The RAISA Company closes its books monthly. On June 30, selected ledger balance were:
Notes Receivable
Tk.19,800.00
Interest Receivable
Tk. 132.80
Notes Receivable include the followings:
Date
Maker
Face
Term
Interest
May-21
Alder Inc.
6,000
60 days
12%
May-25
Dron Co.
4,800
60 days
11%
June-30
MJH Corp.
9,000
06 months
9%
Interest is computed using 360-days in a year. During July, the following transactions were
completed:
July 1 Made Sales of Tk.5,000 on Master Card. The credit card service charge is 1%.
2
Made Sales of Tk.2,000 using American Express Cards. The credit card service
charge is 2%.
Sold Tk.10,000 of Merchandise to Rafi Company, terms 1/2, n/30.
4
Received payment in full from Rafi Company for balance due.
5
Made Sales of Tk.6,200 on RAISA Credit Cards.
14
Made Sales of Tk.700 on VISA Credit Cards. The credit card service charge is 3%.
16
Added Tk.415 to RAISA charge customer balance for finance charge on unpaid
balance.
20
Received payment in full from Alder Inc. on the amount due.
25
Received notice that Dron Co. note has been dishonored (assume that Dron Co. is
expected to pay in the Future).
Required:
(i)
Journalize the July transactions and the July 31st adjusting entry for accrued interest
receivable.
(ii) Enter the balance at July-1 in the receivable account and post the entries to all of the
receivable account.
(iii) Show the balance sheet presentation of the receivable account at July 31.
[Marks: (5+15) = 20]
Q. No. 3.
(a) Define negative goodwill. How should negative goodwill be reported in the financial
statements?
(b) East West Co. Ltd. assembles the following data relative to the North South Co. Ltd., in
determining the amount to be paid for the net assets and goodwill of the latter company:
Page 12 of 50

Q. No. 3. (Contd..)
Taka
Assets at appraised values (before goodwill)
8,20,000
Liabilities
3,60,000
Stockholders Equity
4,60,000
Net Earnings (after elimination of extraordinary items)
Taka
2003
80,000
2004
62,000
2005
87,000
2006
85,000
2007
91,000
Required:
Compute the amount of goodwill under each of the following assumptions:
(i)
Average earnings are capitalized at 15% in arriving at the business worth.
(ii) A return of 12% is considered normal on net assets at appraised values goodwill is
valued at 5 years excess earnings.
(iii) A return of 14% is considered normal on net assets at appraised values excess earnings
are to be capitalized at 20%.
(iv) Goodwill is valued at the sum of the excess of a 10% annual yield on net assets at
appraised values.
(v) A return of 10% is considered normal on net identifiable assets at their appraised values.
Excess earnings are expected to continue for 10 years. Goodwill is to be valued by
present value method using a 20% rate .(The present value of 10 annual payments of Tk.1
providing a return of 20% is Tk.4.192).
[Marks: {5+(3 x 5)} = 20]
Q. No. 4.
(a) Can you explain Stock Dividends and Stock Splits?
(b) The adjusted trial balance of ZAZM & Co. and other related information for the year 2009 is
presented below:
ZAZM & Co.
Adjusted Trial Balance, December 31, 2009
Accounts
Accrued Expenses
Notes Payable
Bonds Payable
Capital Stock
Premium on Capital Stock
Retained Earnings
Cash
Accounts Receivable
Allowance for Doubtful Accounts
Prepaid Insurance
Inventory
Long-term Investments
Land
Construction WIP
Patents
Equipment
Accumulated Depreciation on Equipment
Unamortized Discount on Bonds Payable
Page 13 of 50
Debits
--------------41,000
163,500
--5,900
308,500
339,000
85,000
124,000
36,000
400,000
--20,000
1,522,900
Credits
148,000
49,200
94,000
400,000
500,000
45,000
138,000
----8,700
--------------140,000
--1,522,900

Q. No. 4. (Contd..)
Additional Information:
(i)
600,000 shares of common stock at par value of Tk.1 were authorized, of which 500,000
shares were issued and outstanding.
(ii) The bonds payable bear interest at 11% payable every December 31, and are due January
1, 2015.
(iii) The Inventory has a replacement market value of Tk.353,000.
(iv) The cost and fair value of the long-term investments that consist of stocks and bonds is
the same.
(v) The amount of the Construction Work in progress account represents the costs expended
to date on a building in the process of construction. (The company rents factory space at
the present time). The land on which the building is being constructed cost Tk.85,000, as
shown in the trial balance.
(vi) The patents were purchased by the company at a cost of Tk.40,000 and are being
amortized on a straight-line basis.
(vii) Of the unamortized discount on bonds payable, Tk.2,000 will be amortized in 2009.
(viii) The notes payable represent bank loans that are secured by long-term investments carried
at Tk.120,000. These bank loans are due in 2009.
Required: Prepare a balance sheet as of December 31, 2009, so that all important
information is fully disclosed.
[Marks: (3+17) = 20]
Q. No. 5.
(a)
EXIM Ltd. bought an asset for Tk. 10,00,000/- at the beginning of 2008. It had a useful life of 5
years. On 1st January 2010 the asset was revalued to Tk. 12,00,000/-. The expected useful life
has remained unchanged (i.e. 3 years remain).
Required: Account for the revaluations state the treatment for depreciation from 2010 onwards.
(b)
In a balance sheet prepared in accordance with IAS-16, what does the net book value (carrying
value) represent?
(c)
As per Finance Act-2010, Government has imposed tax through introducing new section u/s
53m in ITO-1984 that collection of tax from transfer of share by sponsor shareholders of a
company listed with stock exchange. The SEC, at the time of transfer or according consent to
transfer, by any means, the shares of a sponsor shareholder or director of a company listed with
a stock exchange shall collect tax at the rate of 5% on difference between transfer value and
face value of the shares.
Mr. X is a sponsor shareholder of OPQ Ltd. who is the owner of 95,000 ordinary shares of
Tk. 100/- at par. OPQ is a publicly listed company and currently market price of that share is
Tk. 950/-. Last two years OPQ declared bonus share @ 40% and 30% respectively. After
completion on locking period Mr. X is going to sale all of the shares that he hold in his BO A/C
only for OPQs shares.
Required: As per the Finance Act-2010 what would be the Government revenues for selling
the shares in the stock market.
(d)
ZMZS Ltd. with 12,000 fully paid-up shares of Tk. 100/- each had Tk. 600,000 in Reserve and
Surplus. It issued 1:3 bonus shares (one bonus share for each three shares held).
Required: Calculate the value per share before the bonus issue and value per share after the
bonus issue.
[Marks: (4+3+7+6) = 20]
= THE END =
Page 14 of 50

PROFESSIONAL LEVEL-I
SUBJECT: 102-COST ACCOUNTING.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a)
Enumerate the various classification of costs.
(b)
The controller of Maple International limited presented the following income statement for the year
ended June 30, 2008 to the board of directors:
BDT
BDT
Sales
12,000,000
Cost of gods sold:
Direct materials
3,800,000
Director labor
2,900,000
Factory overhead
2,450,000
9,150,000
Gross profit
2,850,000
Commercial expenses:
Marketing expenses
1,350,000
Administrative expenses
1,000,000
2,350,000
Operating income
500,000
The board discussed the ratio of operating income to sales and decided that for the year ending June 30,
2009, an increase of at least 25% of the present profit is desirable. An expected sales volume increase of
20% will cause all cost except marketing and administrative expenses to increase accordingly. In addition
to this increase resulting from the volume change, costs are expected to increase as follows: direct
materials, 8%; direct labor, 10%; factory overhead, 3%, marketing expenses, 4%; administrative
expenses, 2%; The 3% increase in factory overhead applies to the variable factory overhead only. Fixed
overhead is considered to remain at the present level of Tk. 1,250,000.
Required:
Prepare a forecast income statement for the year ending June 30, 2009, incorporating all cost increases as well
as managements goal for a higher operating income.
[Marks: (5+15) = 20]
Q. No. 2.
(a)
What is the purpose of cost of production report?
(b)
PCBL Company uses process costing in its two producing departments. The following information
pertains to Department-02 for December.
Normal spoilage is 5% of good output, Inspection and identification of spoilage take place at the 90%
stage of completion. Materials are added after inspection.
Department 02 received 14,000 units from Department 01 at a cost of Tk. 1,40,000.
Department 02 costs were Tk. 12,000 for materials and Tk. 89,250 for conversion costs.
A total of 8,000 units were completed and transferred to finished goods. At the end of the month 5,000
units were still in process, estimated to be 60% complete as to conversion costs.
Required:
Prepare a cost of production report for Department 02.
[Marks: (5+15) = 20]
Q. No. 3.
(a)
Discuss the importance of good stores- keeping in an organization, what are the duties of a store keeper?
(b)
M Ltd. produces a product which has a monthly demand of 4,000 units. The product requires a
component X which is purchased at Tk.20. For every finished product, one unit of component is required.
The ordering cost is Tk.120 per order and the holding cost is 10% p.a.
Page 15 of 50

SUBJECT: 102-COST ACCOUNTING.
Q. No. 3. (Contd..)
You are required to calculate:
(i)
EOQ
(ii) If the minimum lot size to be supplied is 4,000 units, what extra cost the company has to incur?
(iii) What is the minimum carrying cost the company has to incur?
[Marks: 5+ (5 3) = 20]
Q. No. 4.
Duncan Limited prepared the following budgeted and actual data.
Departments
Budgeted data, 2008
Direct labor
Factory overhead
hours
Fixed
Variable
BDT
BDT
Machining
22,000
12,840
14,400
Assembly
28,000
14,100
18,300
Tools & Supplies
3,600
5,600
Materials Handling
5,700
6,000
Actual data, Oct 2008

Direct labor Factory overhead
hours
cost
2,130
2,310
-
BDT
3,586
3,341
919
1,080
Factory overhead cost of Machining and Assembly departments includes service departments. The fixed cost of
the service department is apportioned to the producing departments on a 60:40 basis and the variable cost at a
predetermined rate on the basis of direct labor hour. Budgeted direct labor hours are based on normal capacity
utilization. Factory overhead is applied on the basis of direct labor hours.
Required:
(i)
Compute the departmental factory overhead rates for the producing departments.
(ii) Compute the spending and idle capacity variances of producing and service departments for October.
[Marks: (10+10) = 20]
Q. No. 5.
(a)
In theory labor cost is a variable cost but in practice labor cost is fixed cost Explain this statement in
context to Bangladesh perspective.
(b)
The Mercantile Housing Ltd. is a house building concern that currently has four houses under
construction. Labor costs are assembled with the use of clock cards and time tickets. From the records,
the payroll clerk compiled the following data for the week ended on 7th July, 2009.
Employees Name
Total Weekly
Clock hours
Job Nos. and Hours
220
221
222
223
A
40
35
-5
-B(Supervisor)
42
----C
45
20
15
-10
D
40
--30
10
E(Indirect Labor)
40
----All employees are paid Tk. 14.90 per hour except B who receives Tk. 20.10 per hour. The customer who is
having house no. 220 wanted construction completed two months ahead of its schedule completion date. The
Mercantile Construction agreed to the rush arrangement but required the customer to bear the overtime charges.
The only overtime spent on Job No. 220 this week was 3 hours of Cs time. All other overtime was due to
previous job slowdowns on account of weather.
Required:
(i)
Prepare a statement showing the total amount of payroll and the total amount of take home by each
employee pay assuming 10% deduction for provident fund and 1% deduction for Group term insurance.
(ii) Journal entry for the payroll record & payment.
(iii) A distribution of the payroll to the various jobs and other appropriate accounts.
[Marks: {5+(5+5+5)} = 20]
= THE END =
Page 16 of 50

SUBJECT: 103-MANAGEMENT AND MARKETING MANAGEMENT.
Time: Three hours
Answer any THREE questions from each part.
Full Marks: 100
PART - A: MANAGEMENT (TOTAL MARKS-50)

Q. No. 1.
(a)
State the significance of TQM for Bangladeshi Firms.
(b)
What are the problems of TQM in Bangladesh business environment & culture?
(c)
How can these problems be solved?

[Marks: (6+6+4) = 16]
Q. No. 2.
(a)
Differentiate between an organization chart and an organization manual.
(b)
Discuss the process of developing an effective organization chart.
(c)
Discuss the suitability and problems of matrix organizations.

[Marks: (4+7+5) = 16]
Q. No. 3.
(a)
What is effective planning?
(b)
Explain the different barriers to effective planning.
(c)
Explain the logical steps in the planning process of an organization.

[Marks: (4+6+6) = 16]
Q. No. 4.
(a)
How can you formulate strategies for your organization?
(b)
Define and distinguish between different levels of strategies.
(c)
Discuss some significant global strategies.

[Marks: (4+6+6) = 16]
Q. No. 5.
(a)
Explain the meaning of motivation, motivators and satisfaction.
(b)
To what extent and how is money an effective motivator?
(c)
Explain the various leading theories of motivation and their strengths & weaknesses.
[Marks: (5+6+5) = 16]
Two marks are reserved for neatness and relevance
Page 17 of 50

SUBJECT: 103-MANAGEMENT AND MARKETING MANAGEMENT.
PART B : MARKETING MANAGEMENT (TOTAL MARKS 50)
Q. No. 6.
(a)
What do you understand by marketing management? Do you think that marketing and
marketing management denote same thing? Why?
(b)
Discuss the salient features of marketing management.

[Marks: (8+8) = 16]
Q. No. 7.
(a)
What is market segmentation?
(b)
Explain the factors that should be considered for market segmentation.
(c)
Explain the different bases of market segmentation.

[Marks: (5+5+6) = 16]
Q. No. 8.
(a)
Define Marketing Report.
(b)
How Marketing Report can assist to evaluate and control marketing and Research activities?
[Marks: (8+8) = 16]
Q. No. 9.
(a)
What is strategic marketing planning?
(b)
Explain the Boston Consulting Group (BCG) Matrix.

[Marks: (8+8) = 16]
Q. No. 10.
Write Short Notes on:
(a)
Product Life Cycle;
(b)
Marketing Mix;
(c)
Customer Satisfaction;
(d)
Consumer Behavior.
[Marks: (4 x 4) = 16]
Two marks are reserved for neatness and relevance.

= THE END =
Page 18 of 50

SUBJECT: 104. INFORMATION TECHNOLOGY.
Time: 2 hours 30 minutes
Full Marks: 80
Questions are of equal marks.
Answer all questions.
These questions carry 80 marks (Part-A) and balance 20 marks (Part-B) is for practical test (to
be taken later on).
Q. No. 1.
(a) What are Web services? Provide a brief example of how you might use a web services in
conducting e-commerce?
(b) What is cybermall? How is it different from an electronic exchange?
(c) What are the strategies for successful E-commerce?
[Marks: (5+5+6) = 16]
Q. No. 2.
(a) What is SQL? Write SQL statement to display the name and balance from account database.
(b) Name and describe the three most important SQL commands.
(c) What is Data Flow Diagram (DFD)? Describe the rules of constructing a DFD with figure.
[Marks: (5+5+6) = 16]
Q. No. 3.
Write short notes on:
(a) Virtual Drive.
(b) Digital Bangladesh.
(c) M-Commerce.
(d) Pivot Report.
[Marks: (4 x 4) = 16]
Q. No. 4.
(a) Discuss telecommunication system along with information technology and what are the main
functions of IT based telecommunication system.
(b) What are the telecommunication software and hardware?
[Marks: (10+6) = 16]
Q. No. 5.
(a) What is Electronic Payment System?
(b) Discuss briefly the computer application in Inventory Management System.
[Marks: (4+12) = 16]
= THE END =
Page 19 of 50

PROFESSIONAL LEVEL II
SUBJECT: 201. ADVANCED FINANCIAL ACCOUNTING-I.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) What is the basic difference between an operating lease and a capital lease from the view point
of the lease?
(b) BG Products Ltd. has a Branch at Chittagong. The ledger balances of the Branch for the year
ended 30 June 2010 were as follows:
Heads of account
Taka
Interest Received
250,000
Purchases
900,000
Sales
3,000,000
Goods received from Home Office
1,400,000
Accounts payable
120,000
General expenses
40,000
Cash at Bank
330,000
Home Office Current Account
2,200,000
Machinery
1,000,000
Inventory, 1 July 2009
1,500,000
Accounts receivable
400,000
In addition, following information are available from Home Office:
(i)
The Home Office sent goods to Branch Taka 100,000 on 30 June 2010, which the Branch
received on 3 July 2010.
(ii) Branch Furniture Account stood in Home Office books at 80,000.
(iii) Branch Current Account in Home Office books had a debit balance of Taka 2,300,000.
(iv) Closing Inventory was Taka 700,000.
Required:
(i)
Prepare Income Statement and Balance Sheet in Branch books after depreciating furniture
by 5% and machinery by 10%.
(ii) Give the Branch Current Account in Home Office books after posting/incorporating
entries to that account.
[Marks: {5+(15+5)} = 25]
Q. No. 2.
(a) Single Entry in fact is an admixture of single entry, Double entry an no entry Explain the
statement.
(b) Mr. X asked you to prepare an Income statement for the year ended on 31.12.2009 and a
Balance Sheet for the same date. He has kept no books of accounts but his system is as follows:
He keeps copies of all invoices in respect of credit sales and marks each copy with the date of
payment. He does not keep copies of cash memos but he informs you that all takings, both cash
and credit, are paid into the Bank, except that occasionally with holds certain sums, both for
personal use and for petty cash expenses, which he notes in a note book.
Page 20 of 50

Q. No. 2. (Contd..)
Analysis of the Bank statement reveals the following:
Account Titles
Tk.
Total amount paid into Bank
47,800
Expenditure:
Personal Drawings
3,000
Purchases
36,400
Salaries expense
2,500
Rent expense
1,200
Utility expense
350
Printing and stationery
250
Advertising expense
450
The cash at Bank at 31.12.2009 was Tk. 400. The personal drawing shown in the note book amounted
to Tk. 1,200 and for petty cash Tk. 500.
Scrutiny of the copy of invoices shows that Tk. 2,250 was paid into the bank during 2009 in respect of
sales during 2008 and that Tk. 4,675 is outstanding in respect of 2009 sales exclusive of four bills
totaling of Tk. 425 which have been marked irrecoverable.
Liabilities were:
31.12.2009
31.12.2008
Purchases
2,400
3,500
Rent expense
100
100
Utility expense
20
15
Advertising expense
250
The stock at 31.12.2009 was Tk. 3,500 (at cost); but the trader has no record of stock on 31.12.2008.
He informs you, however, that he invariably sells his goods at cost plus 25%.
[Marks: (5+15) = 20]
Q. No. 3.
On 1 July 2010 Mr. SKS finds himself insolvent. His position was stated below:
Accounts Receivable (Good: Taka 100,000; Doubtful: Taka 305,000 estimated to produce Taka
200,000; Bad: Taka 100,000).
1,000 shares in P Ltd. (estimated to produce Taka 150,000)
Mining shares (estimated to realize Taka 760,000)
Loss through betting
Accounts payable on open accounts
Accounts payable holding a second charge on the Mining shares to the extent of Taka 300,000
Accounts payable holding a first charge on the Mining shares
Notes payable
Notes Receivable discounted (of which Taka 35,000 are likely to be discounted)
Rent, Rates, Taxes, Wages, etc. payable (of which Taka 25,000 are preferential)
Furniture (estimated to realize Taka 30,000)
Cash at Bank
Cash in hand
Inventories (estimated to realize Taka 300,000)
Notes Receivable (estimated to realize, Taka 70,000)
250,000
850,000
150,000
900,000
350,000
400,000
50,000
70,000
30,000
40,000
1,000
200
388,800
100,000
He started his business with a capital of Taka 600,000 on 1 July 2007 and the business resulted in a
profit of Taka 100,000 and Taka 75,000 for the first two years respectively and in a loss of Taka
50,000 for the third year, after allowing Taka 30,000 as interest on capital each year. Withdrawals for
the whole period amounted to Taka 260,000.
Required: Prepare a Deficiency Account and a Statement of Affairs of Mr. SKS.
[Marks: 20]
Page 21 of 50

Q. No. 4.
(a) How to compute the profit of life assurance companies?
(b) Compute the amount of statutory reserve of a commercial bank from the under mentioned data:
Net profit before provision
Tk. 1,00,000
Net profit before tax
Tk. 75,500
Net profit after tax
Tk. 55,500
(c) The following is the Trial Balance of Popular Life Assurance Company as at 31.12.2009:
Account Titles
Tk.
Account Titles
Tk.
Cash in hand
5,200 Paid up capital
1,00,000
Cash at Bank
15,600 Premium
2,53,500
Bonus
92,000 Life Assurance Fund
33,91,390
(01.01.2009)
Annuities
25,000 Consideration for annuities
95,500
granted
Management expenses
1,02,000 Interest and Dividends
1,52,900
Claims paid
1,72,500 Profit on sale of investment
8,000
Agents Balance
4,600 General Reserve
1,50,000
Income tax on interest and
13,500 Fees and fines
910
dividends
Surrenders
24,500 Investment Fluctuation Fund
1,80,000
Bad debts
2,800 Sundry creditors
22,000
Free hold property
70,000 Bills payable
25,000
Outstanding premium
16,000
Outstanding interest and
27,500
dividends
Mortgage Loan
3,20,000
Loans on policies
1,12,000
Investment
33,50,000
Depreciation on Furniture
26,000
________
Total
43,79,200
43,79,200
Adjustments:
(i)
Unpaid claims Tk. 25,000;
(ii) Commission payable to agents Tk. 5,600;
(iii) Bonus used in reduction of premium Tk. 3,000;
(iv) Advance premium Tk. 2,500 and
(v) Transfer Tk. 20,000 to Investment Fluctuation Fund.
Required:
(i)
Revenue Account; and
(ii) Balance Sheet after considering above Trial Balance and adjustments.
[Marks (4+4+12) = 20]
Q. No. 5.
(a) The Accounting Profession has identified two main categories of accounting changes. What
are those? Explain briefly why such changes are made.
(b) What are the permanent and temporary differences under accounting for deferred taxes? Give
example of each difference.
[Marks: (12+8) = 20]
= THE END =
Page 22 of 50

SUBJECT: 202. MANAGEMENT ACCOUNTING.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) Powermann Ltd. manufactures and markets a single product. The following information is
available:
Tk. Per unit
Materials
8.00
Conversion costs (variable)
6.00
Dealers Margin
2.00
Selling price
20.00
Fixed costs: Tk.250,000
Present sales: 80,000 units
Capacity utilization: 60%
There is acute competition. Extra efforts are necessary to sell. Suggestions have been made for
increasing sales: (i) by reducing sales price by 5%; and (ii) by increasing dealers margin by
25% over the existing rate.
Required: Which of the two suggestions would you recommend if the company desires to
maintain the present profit? Give reasons.
(b) A company manufactures 2,40,000 units per annum of product X at normal capacity with unit
cost as under:
Tk.
Direct materials
7
Direct labour
2
Variable overheads
3
Fixed manufacturing overheads
4
Fixed selling and administrative overheads
4
Variable selling and administrative overheads
1
Selling price per unit
21
During the next quarter only 10,000 units can be produced and sold. If the plant is shut down,
fixed manufacturing expenses can be reduced to Tk.70,000 at an additional cost of Tk.20,000.
When the plant is operating, the fixed overheads are incurred at uniform rate on time basis.
Required: As Management Accountant of the company, write a letter to the Managing
Director giving your opinion on the alternatives, supported by data.
[Marks: (10+10) = 20]
Q. No. 2.
(a) The Eastern Computer Company is a manufacturer of video conferencing products to meet
marketing projection regularly and specialized entries are produced after an order is received.
Maintaining the video-conferencing equipment is an important area of customer satisfaction.
With the recent downturn in the computer industry the video-conferencing segment has suffered
leading to decline in the Easterns financial performance. The following income statement
shows the results for the year ending December 31, 2003.
Page 23 of 50

Q. No. 2. (Contd..)
The Eastern Computer Company
Income Statement
For the year ended December 31, 2003
Taka
Revenues
(b)
Taka in 000
Taka
Video-conferencing equipment
6,000
Maintenance contracts
1,800
7,800
Less: Cost of goods sold
4,600
Gross profit
3,200
Less: Operating costs:
Marketing
600
Distribution
150
Customer maintenance
1,000
Administrative
900
Total operating cost
2,650
Operating income
550
The controller of the company is in the process of preparing the budget for the year ended
December 31, 2004.
(1) Selling price of equipment is expected to increase by 10%. As the economic recovery
begins the selling price of each maintenance contract is unchanged.
(2) Equipment sales in units are expected to increase by 60% with a corresponding 6%
growth in units of maintenance contracts.
(3) The cost of each equipment sold is expected to increase by 3% to pay necessary
technology and quality improvements.
(4) Marketing costs are expected to increase by Tk.250,000 but the administrative costs are
expected to be the same as for 2003.
(5) Distribution costs vary in proportion to the number of units equipment sold.
(6) Two maintenance technicians are to be added at a total cost of Tk.130,000 which covers
salaries and related travel costs. The objective is to improve customer service and shorten
response time.
(7) There is no beginning or ending inventory of equipment.
Required: Prepare a budgeted Income Statement for the year ended December 31, 2004.
The Mathematical Engineering Co. Ltd. manufactures a range of products. While compiling the
budget for the next financial year, the management realizes that a decision has to be made
concerning the method of manufacture of a product, a precision-made blade. The blade is
designed to sell for Tk.1 each. A choice must be made between three alternative production
processes and the management seeks to find the most profitable method.
The following information relates to the three processes A, B and C:
Processes
A
B
C
Variable cost per product
Tk.0.80
Tk.0.85
Tk.0.90
Fixed cost of process
Tk.95,000
Tk.60,000
Tk.37,500
Maximum production in any process is one million blades.
Required:
(i)
Determine the range of sales volumes for which each process is the most profitable.
(ii) Enumerate other matters which would be taken into account before deciding which
process to use.
[Marks: (10+6+4) = 20]
Page 24 of 50

Q. No. 3.
The Keya Company operates a simple chemical process to reduce a single basic material in to
products X, Y and Z (all three products being separated simultaneously at a single split-off point).
Products X and Y are ready for sale immediately upon split-off without further processing or any
other additional cost. Product Z however is processed further before being sold. There is no available
market price for Z at the split-off point.
The selling prices quoted below have not changed for three years and nor future changes are foreseen.
During 2003, the selling prices of the items and the total quantity sold were as follows:
Product
Quantity
Price
X
120 Tons
Tk.1,500 per ton
Y
340 Tons
Tk.1,000 per ton
Z
475 Tons
Tk.700 per ton
There were no beginning inventories of X, Y or Z.
The total joint manufacturing costs for the year were Tk.4,00,000. An additional Tk.2,00,000 was
spent in order to finish product Z.
At the end of the year, the following inventories of completed units were in hand: X-180 tons, Y-60
tons, Z-25 tons. There was no beginning or ending work in process.
Required: What will be the cost of inventories of X, Y and Z for balance sheet purposes and the
cost of goods sold for income statement purposes as of December 31, 2003 using:
(a) Estimated net realizable value joint cost allocation method;
(b) Constant gross margin percentage cost allocation method.
[Marks: (10+10) = 20]
Q. No. 4.
(a) Division RSPD has the following financial performance:
Operating profit Tk.40,000;
Operating assets Tk.150,000;
Cost of borrowing 10%.
Required: Would the division wish to accept a new possible investment costing Tk.10,000
which would earn profit of Tk.2,000 per annum if the evaluation was on the
basis of (i) Return on Investment (ROI) and (ii) Residual Income (RI)?
(b) The operating statement of Transcend Ltd. exhibited the following results for the month of June
2008:
Taka
Taka
Net Sales
1,00,000
Less: Cost of goods sold
60,000
Gross Profit
40,000
Less: Distribution Cost
20,000
Administration Cost
10,000
30,000
Net profit
10,000
The breakdown of the various costs into fixed and variable is as follows:
Fixed Variable
Taka
Taka
Cost of goods sold
20,000
40,000
Distribution Cost
15,000
5,000
Administration Cost
10,000
Required: From the above information ascertain:
(i)
What the Break Even Point in value for June 2008 was?
(ii) What effect on profit would be if variables expenses come to be 50% of the sales?
(iii) What the effect on the profit would be, if sales increased by 10%?
[Marks: (5+5+5+5) = 20]
Page 25 of 50

Q. No. 5.
(a)
A company manufactures and markets three products A, B, C. All the three products are made
from the same set of machines. Production is limited by machine capacity. From data given
below indicate priorities for products A, B and C with a view to maximize profits:
Raw materials cost (per unit)

Direct labour (per unit)
Other variables cost (per unit)
Selling price (per unit)
Standard machine time required (per unit)
Product - A
Tk.
2.25
0.50
0.30
5.00
39 minutes
Product - B
Tk.
3.25
0.50
0.45
6.00
20 minutes
Product - C
Tk.
4.25
0.50
0.71
7.00
28 minutes
In the following year, the company faces extreme shortage of raw materials. It is noted that
3 kg, 4 kg, and 5 kg of raw materials are required to produce one unit of A, B and C
respectively.
(b)
Required: How would product priorities change?

Fortune Company has determined that an investment of Tk. 750,000 is needed in order to
produce and market 25,000 units of a particular new product each year. The company estimates
that variable costs associated with the product will be Tk. 24 per unit, and that fixed costs will
total Tk. 300,000 per year.
Required: Compute the markup percentage for the new product assuming that the
company uses the contribution approach to costing, and has a 20% desired
rate of return on investment.
[Marks: (10+10) = 20]
= THE END =
Page 26 of 50

SUBJECT: 203. COMMERCIAL & INDUSTRIAL LAWS.
Time: Three hours
Answer FIVE questions taking at least TWO from each group A and B.
Full Marks: 100
GROUP A : COMMERCIAL LAW

Q. No. 1.
What are the basic requirements under sections 138 & 140 of the Negotiable Instruments Act, 1881 against a
dishonored cheque?
[Marks: 20]
Q. No. 2.
Define and distinguish between an Agent and the Principal. Under what circumstances an agency may be
terminated.
[Marks: 20]
Q. No. 3.
(a)
What do you mean by Caveat Emptor? Discuss the exceptions of this principal.
(b)
Why determination of time is necessary for transfer of goods?
(c)
Discuss the rights of unpaid seller.
[Marks: (7+6+7) = 20]
Q. No. 4.
(a)
Discuss the different types or methods of Arbitration.
(b)
Describe the provisions related to registration under Trade Mark Act, 1940.
(c)
Describe the law related to application for and grant of Patent as per Patent and Design Act, 1911.
(d)
Mention in what type of works copy right is applicable as per Copy Right Act, 2000.
[Marks: (5+5+5+5) = 20]
Q. No. 5.
Write short notes on the followings (any five):
(a) Quasi Contract,
(b) Copy Right Board,
(c)
Negotiable Instruments,
(d) Bill of Lading,
(e) Common Carrier,
(g)
Sub-Agent & Co-Agent.
[Marks: (5 x 4) = 20]
GROUP B : INDUSTRIAL LAW
Q. No. 6.
(a)
Describe the grievance handing procedures as laid in the Labour Act, 2006.
(b)
Discuss the right and liability for payment of maternity benefit. How the amount of maternity benefit
calculated?
(c)
In which places is the employment to work of a woman worker prohibited under the Bangladesh Labour
Act, 2006?
[Marks: (6+7+7) = 20]
Q. No. 7.
(a)
What are the procedures of retrenchment? Is an employer under any obligation has to re-employ a
retrenched worker?
(b)
Discuss the provisions of providing drinking water as per Bangladesh Labour Act, 2006.
(c)
Define Trade Union and describe its objectives.
[Marks: (8+6+6) = 20]
Q. No. 8.
Describe the kinds of amenities which the factory authorities are bound to provide for the welfare of the workers
as per the provision of the Bangladesh Labour Act, 2006.
[Marks: 20]
Q. No. 9.
State the provisions of law with regard to safety as enshrined in the Labour Act, 2006.
[Marks: 20]
Q. No. 10.
State the procedures for settlement of an industrial dispute.
[Marks: 20]
Page 27 of 50

SUBJECT: 204. TAXATION.
Time: Three hours
Full Marks: 100
Q. No. 1.
Differentiate the following terms (as per Income Tax Ordinance, 1984):
(a) Assessment Year, Income year, Accounting year and Fiscal year;
(b) Salary and Profits in lieu of salary;
(c) Resident and Non Resident;
(d) Partner and Person; and
(e) Normal assessment and Universal self assessment.
[Marks: (5 x 4) = 20]
Q. No. 2.
Briefly explain the tax implications in the following cases:
(a) Non-Governmental Organizations (NGO);
(b) Pensioners savings certificate and family savings certificate;
(c) Share Issue at Premium;
(d) CSR activities; and
(e) Real Estate and Land Development Business.
[Marks: (5 2) = 10]
Q. No. 3.
Mr. Tiwary is a CEO of a multinational company. He had the following income and receipts during
the year ended on 30th June, 2010:
1.
Basic pay @Tk.60,000/- per month.
2.
Free furnished accommodation for which the company pays rents @Tk.30,000/- per month to
the landowner of the house.
3.
Entertainment allowance Tk.10,000/- per month.
4.
Medical allowance @Tk.7.5% of the basic.
5.
Employers contribution to the recognized provident fund @10% of the basic.
6.
Received festival allowance equivalent to two months salary and incentive bonus equivalent to
one months salary.
Income from House Property:Mr. Tiwary owns a 4 storied building each floor measuring 2,000 sft. He lives in the third floor of the
building and the remaining floors were let out @ Tk.20/- per sft. The building was constructed by
taking loan from a Bank. Monthly installment for repayment of loan was Tk.55,000/-. Mr. Tiwary
received one years rent as advance which are to be adjusted in two years and Tk.50,000/- as security
money.
Other expenses relating to the building areMunicipal Tax Tk.15,000/- per quarter.
Land rent Tk.2,700/Salary of 2 Guards Tk.60,000/Salary of electrician and plumber Tk.30,000/-
Page 28 of 50

SUBJECT: 204. TAXATION.
Q. No. 3. (Contd..)
Other income
Interest from FDR - Tk.3,90,000/- (Gross).
Tk.1,25,000/- received by leasing agricultural lands.
Dividend received from listed companies Tk.2,50,000/- (Gross).
Income from an unregistered firm Tk.3,50,000/-.
Investments
Purchased Bangladesh Sanchay Patra for Tk.5,00,000/Paid LIP on assured sum of Tk.10,00,000/- Tk.1,30,000/Paid advance Tax Tk.75,000/From the above information compute total income and tax payable by Mr. Tiwary.
[Marks: 20]
Q. No. 4.
(a) What do you mean by Advance Payment of Taxes? What is the income limit for payment of
advance taxes? When interest is payable on the deficiency in payment of advance taxes and for
what period and from when?
(b) Mr. Kayes filed his return for the assessment year 2009-2010 as per provision of section 82BB
showing total income at Tk.15,00,000/-. During the preceding year the disclosed income was
Tk.24,00,000/-. The entire income was Directors remuneration from a limited company.
Required taxes was deducted at sources. Mr. Kayes also declared receipt of Tk.10,00,000/- in
his wealth statement, as loan from his elder brother. As the assessee declared lesser income
from the previous year and showed loan of Tk.10,00,000/-, so as per direction of the NBR the
case is selected for Audit. Accordingly the DCT issued notices u/s 83(1) and 79 to make
assessment under normal procedure. If you are entrusted to advise the assessee, then how will
you proceed to settle the case?
(c) State in brief the provision of the following sections newly inserted by the Finance Act, 2010(i)
19C;
(ii) 53L;
(iii) 53M;
(iv) 184E.
[Marks: (3 x 5) = 15]
Q. No. 5.
(a) Distinguish between Value Added Tax and Turnover Tax as per Value Added Tax Act, 1991.
(b) What is Truncated Base VAT? Mention five services where this type of VAT is levied.
(c) Discuss the procedure and time of paying VAT U/S 6 of VAT Act, 1991.
(d) VAT is an Accounts and Audit based Taxation System. Discuss.
[Marks: (3+3+4+5) = 15]
Q. No. 6.
(a) Givenchy Ltd imports A4 size paper from Singapore. Invoice Value is $5000(C&F),Assessable
Value is $6000, Exchange rate is 1$=70TK, Customs Duty is 25%, Supplementary Duty is
35%, Regulatory Duty is 5%, VAT is 15%, AIT is 3%, 1% handling Charge and 1% is landing
Charge. You have to calculate total tax and other charges liabilities at the import stage.
(b) What does PSI stand for? Do you think PSI system is necessary for the Government, why?
(c) Why is Baggage rule necessary? Mention at least five consumable items which are tax free
under baggage rule.
(d) Discuss Bill of Entry as per Section 79 of The Customs Act, 1969.
[Marks: (8+4+4+4) = 20]
= THE END =
Page 29 of 50

PROFESSIONAL LEVEL III
SUBJECT: 301. ADVANCED FINANCIAL ACCOUNTING-II.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) Describe professional Code of Conduct with regard to Competence, Confidentiality,
Integrity and Objectivity.
(b) The accounting for a Governmental entitys enterprise fund in many respects is similar to the
accounting for a business enterprise; yet there are a member of differences between the two
types of accounting. Identify at least three of the differences.
(c) What factors create a foreign exchange gain on a foreign currency transaction? \what factors
create a foreign exchange loss?
(d) Tamim Ltd. has a capital base of Tk.20,00,000 and it earned profits of the amount of
Tk.2,00,000. The return on investment (ROI) of the particulars industry to which the company
belongs is 12%. If the services of a particular executive are acquired, it is expected that the
profits will increase by Tk.60,000 over and above the target profit.
Compute the maximum amount the Tamim Ltd. would be prepared to bid for the executive
under opportunity cost method of Human Resource Accounting HRA.
[Marks: (5 x 4) = 20]
Q. No. 2.
M/s. Dhaka Retail Store Ltd. bills merchandise to Khulna Branch at Cost and that Khulna Branch
maintains complete accounting records and prepares financial statements. Both the head office and the
branch office use the perpetual inventory system. Equipment used at the branch is carried in the head
office accounting records. Certain expenses, such as advertising and insurance, incurred by the head
office on behalf of the branch, are billed to the branch. Transactions and events during 2009 are
summarized below:
(a) Cash of Tk. 1,000 was forwarded by the head office to Khulna Branch.
(b) Merchandise with a head office cost of Tk. 60,000 was shipped by the head office to Khulna
Branch.
(c) Equipment was acquired by Khulna Branch for Tk. 500, to be carried by the head office
accounting records.
(d) Credit sales by Khulna Branch amounted to Tk. 80,000; the branchs cost of the merchandise
sold was Tk. 45,000.
(e) Collections of trade accounts receivable by Khulna Branch amounted to Tk. 62,000.
(f) Payments for operating expenses by Khulna Branch totaled Tk. 20,000.
(g) Cash of Tk. 37,500 was remitted by Khulna Branch to the head office.
(h) Operating expenses incurred by the head office and charged to Khulna Branch Tk. 3,000.
(i)
Head office own activities:
(i)
Sales Tk. 4,00,000
(ii) Cost of goods sold Tk. 2,35,000
(iii) Operating expenses Tk. 90,000.
Required:
(a) Journal entries in Head office books and in Branch office books upto (h) above.
(b) Branch account in Head office books and Head office account in Branch office books
(balancing form).
(c) Income statement in Head office.
[Marks: (10+5+5) = 20]
Page 30 of 50

Q. No. 3.
On January 1, 2010, Rajshahi Company acquired 70% of the outstanding common shares of Bogra
Company for Tk. 88,500 in cash. On that date Bogra Company had common stock of Tk.50,000 and
retained earning of Tk.45,000. At acquisition, the identifiable assets and liabilities of Bogra Company
had fair values that were equal to book value except for plant assets, which had fair values Tk.20,000
greater than book value; inventory which had a fair value Tk.8,000 less than book value; and bonds
payable, which had fair values Tk.10,000 greater than book value. The plant assets had a remaining
useful life of 8 years on January 1, 2010, and the bonds payable mature on December 31, 2008. Both
companies amortize on a straight line basis.
Financial statements for the 2006 year are as follows:
Income Statement
Sales
Rent revenue
Investment revenue
Cost of sales
Depreciation
Interest expenses
Other expenses
Net income
Retained Earning Statement
Balance, January-1
Net income
Dividends
Balance, December-31
Balance Sheets
Cash
Accounts Receivable
Inventory
Investment in Bogra-equity
Plant and equipment
Accumulated depreciations
Accounts payable
Bonds payable
Common stock
Retained earnings
Rajshahi Company
Bogra Company
Tk.4,00,000
15,000
765
4,15,765
2,00,000
55,000
32,000
28,000
3,15,000
1,00,765
Tk.1,00,000
----1,00,000
45,000
20,000
7,700
17,300
90,000
10,000
4,57,225
1,00,765
5,57,990
30,000
5,27,990
1,35,000
10,000
1,45,000
5,000
1,40,000
11,500
60,000
2,00,000
1,42,990
12,00,000
(3,00,000)
13,14,490
86,500
4,00,000
3,00,000
5,27,990
13,14,490
10,000
25,000
40,000
--4,70,000
(2,20,000)
3,25,000
25,000
1,10,000
50,000
1,40,000
3,25,000
Additional information:
In 2002, a goodwill impairment loss of Tk.7,000 was recorded subsequent goodwill testing yielded no
further evidence of impairment until 2006, when a substantial decline in the fair value of Bogra
Company occurred and management decided to reflect an impairment loss of Tk.5,360 in the years
consolidated statements.
Page 31 of 50

Q. No. 3. (Contd..)
On December 31, 2006, Bogra Company owes Rajshahi Company Tk.9,000.
Required:
(a) Prepare the following 2006 consolidated statements (Direct approach):
(i)
Income statement;
(ii) Retained earning statement;
(iii) Balance sheet.
(b) Prepare a schedule of the 2006 changes in non-controlling interest.
[Marks: {(8+3+6)+3} = 20]
Q. No. 4.
UNSOUND Ltd. went into voluntary liquidation with liabilities amounting to Tk.9,00,000 and the
assets eventually realized Tk.53,40,000, the capital of the company consisted of 30,000 preference
shares of Tk.100 each of which Tk.70 per share was called and paid up. Holders of 4/5 of the total
number of preference shares had however paid up the full share value of Tk.100 in advance of calls.
There were also 30,000 ordinary shares of Tk.100 each on which 9/10 of the share amount had been
called. Holders of 1/5 of the total number of ordinary shares had, however, only paid up Tk.80 per
share, while the holders of 2/5 of the total number of ordinary shares had paid up the full Tk.100 in
advance of calls on the assumption that preference shares have preference only to dividends.
Show in the form of liquidators account all the receipts and payments. How would you divide the
available balance among the shareholders assuming that the cost of the winding an amounts to
Tk.60,000 and that calls in appears are duly collected?
[Marks: 20]
Q. No. 5.
(a) You are given the following information relating to the National Income Account:
(b)
Taka in billion
Undistributed corporate profits
122.50
Personal Taxes
140.00
Interest paid by consumer
14.00
Net private domestic investment
175.00
Personal consumption expenditures
875.00
Social security contributions
52.50
Corporate income taxes
140.00
Transfer payments
77.00
Indirect business taxes
70.00
Export
84.00
Government purchase of goods & services
315.00
Gross private domestic investment
262.50
Imports
77.00
Required: Compute the following:
(i) GNP & NNP, (ii) NI, (iii) Personal Income (Household Income), (iv) Disposable Personal
Income, (v) Personal Savings.
The GNP of an economy in a given year is Tk.5,000, of which Tk.1,000 consists of capital
goods and the rest of consumption goods. The labour cost of output is Tk.3,500 and Tk.400 is
paid in interest. Depreciation is Tk.300 and the remainder is taken as profit. Three fourth of the
profit is distributed in dividends.
Prepare a set of national product accounts (production accounts, household account, capital
accounts, etc.) for the above transactions.
[Marks: (10+10) = 20]
= THE END =
Page 32 of 50

SUBJECT: 302. ADVANCED COST ACCOUNTING.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) What is the purpose of a cost of production report?
(b) Distinguish between normal (unavoidable) spoilage and abnormal (avoidable) spoilage.
(c) Explain how normal and abnormal spoilage should be reported for management purpose.
(d) Padma Incorporation produces antibiotic product in its three producing departments. The
following quantitative and cost data have been made available:
Production data:
Started into production
Transferred to next dept.
Transferred to finished goods
In process(100% materials, 1/3 labor and overhead)
In process(100% materials, 2/3 labor and overhead)
Cost charged to departments:
Materials
Labor
Factory overhead
Total
Blending
Department
Testing
Terminal
8000kg
5400
---2400
----
5400kg
3200
---1800
----
3200kg
---2100
---900
Tk.20670
Tk.11160
Tk.5580
Tk.37410
Tk.7980
Tk.5016
Tk.2280
Tk.15276
Tk.14400
Tk.11520
Tk.5040
Tk.30960
Lost units are normal and apply to all production.

Required:
(i)
Prepare a quantity schedule for each of the three departments.
(ii) Prepare an equivalent production schedule for each of the three departments
(iii) Compute the unit cost of factory overhead in the Blending Department.
(iv) Compute the lost unit cost adjustment in the Testing Department if the unit cost
transferred in from the Blending Department is Tk.5.35
[Marks: {2+2+2+(4+4+3+3)} = 20]
Q.No.2.
(a) Explain how materials, labor, and factory overhead standards are set, including the types of
people involved and the method used.
(b) How does the calculation of a mix variance differ from that of quantity variance?
(c) Padma Corporatin uses a standard cost system. Cement is produced by mixing two major
components. A(Lime) and B(Clay), with water and by adding a third component, C
quantitatively insignificant.
Page 33 of 50

Q.No.2. (Contd..)
Material standards and costs for the production of 100 tons of output are:
Tons Cost
Percent of Input Quantity Amount
Material A
55
Tk.43.00 50%
Tk.2365
Material B
44
Tk.35.00 40%
Tk.1540
Material C
11
Tk.25.00 10%
Tk.275
Input
110
100%
Tk.4180
=Tk.38.00 per ton
Output
100
Tk.4180
=Tk.41.80 per ton
The monthly factory overhead budget for a normal capacity level of 16500 direct labor hours is
as follows:
Fixed Overhead
Variable Overhead
Plant Manager
Tk.2000
----Supervisors
Tk.1800
-----Indirect labor
Tk.2220
Tk.810
Indirect supplies
Tk.850
Tk.2040
Power and light
Tk.300
Tk.2200
Water
Tk.480
Tk.2000
Repairs and maintenance
Tk.500
Tk.1200
Insurance
Tk.450
-----Depreciation-Production facilities
Tk.3775
Total
Tk.12375
Tk.8250
To convert 110 tons of materials into 100 tons of finished cement requires 500 direct labor
hours at Tk.7.50 per hour or Tk.37.50 per ton. Factory overhead is applied on a direct labor
basis.
In producing 3234 tons of finished cement in April, the following costs were incurred:
Direct labor
15800 hours @ Tk.7.95
Fixed factory overhead
Tk.11075
Variable factory overhead
Tk.8490
Material A
Material B
Material C
Materials Purchased
Quantity
Cost per Ton
2000 tons
Tk.44
1200 tons
Tk.37
500 tons
Tk.24
Materials Requisitioned Quantity

1870 tons
1100 tons
440 tons
There were no inventories of materials or work in process at the beginning of April.

The materials price variance is recognized at the time of purchase.
Required:
(i)
Compute the materials price, mix, and yield variances.
(ii) Compute the direct labor rate, efficiency, and yield variances.
(iii) Compute the factory overhead spending, idle capacity, efficiency, and yield variance.
[Marks: {4+4+(3 x 4)} = 20]
Page 34 of 50

Q.No.3.
(a) Under what circumstances would you expect the volume variance to be favorable?
Unfavorable? Does the variance measure deviations in spending for fixed overhead items?
Explain.
(b) Tutul Company records incoming materials at invoice price less cash discounts plus applied
receiving and handling cost. For product Z, the following data are available:
Freight in and cartage in
Purchasing Department cost
Receiving Department cost
Storage and handling
Testing, spoilage, and rejects
Total
Budgeted for the month

Tk.1500
Tk.4800
Tk.3900
Tk.4200
Tk.2600
Tk.17000
Actual cost for the month

Tk.1580
Tk.4500
Tk.4200
Tk.3800
Tk.3120
Tk.17200
The purchasing budget shows estimated net purchases of Tk.136000 for the month actual
invoices net of discounts total Tk.141500 for the month.
Required:
(i)
Determine the applied acquisition costing rate for the month.
(ii) Determine the amount of applied cost added to materials purchased during the month
(iii) Indicate the possible disposition to be made of the variance.
(c) Star Company processes an ore in Department 1, from which comes three, L, W and X. Product
L is processed further in Department 2. Product W is sold without further processing. Product X
is considered a by-product and is processed further in Department 3. Costs in Department 1 are
Tk.8,00,000, Department 2 costs are Tk.10,00,000, and Department 3 costs are Tk.50,000.
Processing 6,00,000 pounds in Department 1 results in 50,000 pounds of product L, 3,00,000
pounds of product W, and 1,00,000 pounds of product X.
Product L sells for Tk.10 per pound. Product W sells for Tk.2 per pound. Product X sells for
Tk.3 per pound.
The company wants to make a gross margin of 10% of revenues on product X and needs to
allow 25% of revenues for marketing costs on product X.
(1) Compute unit costs per pound for products L, W and X, treating X as a by product. Use
the NRV method for allocating joint costs. Deduct the NRV of the by product produced
from the joint cost of products L and W.
(2) Compute unit costs per pound for products L, W and X, treating all three as joint products
and allocating costs by the NRV method.
[Marks: (5+5+10) = 20]
Q. No. 4.
(a) What are the objectives of profit analysis by sales territories?
(b) How should marketing expenses be classified in order to find the cost of selling jobs or
products?
(c) The feasibility of allocating marketing and administrative expenses to products or amount-oforder classes for managerial purpose has been considered by Padma Corporation. It is apparent
that some cost can be assigned equitably to these classifications, while others cannot. The
companys cost analyst proposed the following bases for apportionment:
Page 35 of 50

Q.No.4. (Contd..)
Expenses
Type of Analysis
By Products
By Amount of Order
Sales salaries
Not allocated
Sales Taka times number
customers in class
Sales travel
Not allocated
Number of customers in class
Sales office
Not allocated
Number of customers in class
Sales commissions
Direct
Direct
Credit management
Volume of sales in Taka
Numbers of customers in class
Packing and shipping
Weight times number of units
Warehousing
Advertising
Not allocated
Not allocated
Bookkeeping and billing
Volume of sales in dollars
Number of orders
General marketing and Not allocated
Not allocated
administrative
of
From books, records, and other sources, the following data have been complied:
Amount of
order
Number of
customers
Number
of orders
Cost of
Goods Sold
Total Sales
Under Tk.25
Tk.26-Tk.100
Tk.101-Tk.200
Over Tk.200
Total
1000
250
100
50
1400
6000
4000
4000
1000
15000
Tk.59000
Tk.177000
Tk.354000
Tk.236000
Tk.826000
Tk.100000
Tk.300000
Tk.600000
Tk.400000
Tk.1400000
Product Sales
X
Tk.35000
Tk.105000
Tk.210000
Tk.140000
Tk.490000
Y
Tk.40000
Tk.120000
Tk.240000
Tk.160000
Tk.560000
Z
Tk.25000
Tk.75000
Tk.150000
Tk.100000
Tk.350000
Other data:
Product
X
Y
Z
Weight
1kg
3kg
2kg
Cost of Goods Sold

Tk.252000
Tk.294000
Tk.280000
Units Sold
98000
70000
175000
Marketing and administrative expenses for the year:

Sales salaries
Sales travel
Sales office (variable)
Sales commission (5%)
Credit management
Packing and Shipping
Warehousing
Advertising
Bookkeeping and billing
General marketing and administrative
Total
Tk.38250
Tk.28000
Tk.15400
Tk.70000
Tk.14000
Tk.32900
Tk.16450
Tk.150000
Tk.42000
Tk.90000
Tk.497000
Required:
(i)
Prepare a product income statement showing the allocation of marketing and
administrative expenses to each product.
(ii) Prepare an income statement showing the allocation of marketing and administrative
expenses to each order class.
(For both requirements, round off all base computations to five decimal places and all
allocated amounts to the nearest dollar.)
[Marks: {3+3+ (7+7)} = 20]
Page 36 of 50

Q. No. 5.
(a) What is target costing? How do target costs enter into the pricing decision?
(b) Falcon Incorporation is considering the introduction of new product. To determine a target
selling price, the company has gathered the following information:
Number of units to be produced and sold each year
Tk.14000
Unit product cost
Tk.25
Projected annual selling, general, and administrative expenses
Tk.50000
Estimated investment required by the company
Tk.750000
Desired return on investment (ROI)
Tk.12%
Required: The Company uses the absorption costing approach to cost-plus pricing.
(i)
Compute the markup the company will have to use to achieve the desired ROI.
(ii) Compute the target selling price per unit.
(c) The Reliable TV Repair shop had budgeted the following costs for next year:
Repair technicians:
Wages
Tk.120000
Fringe benefits
Tk.30000
Selling, administrative and other Cots of the repairs operation
Tk.90000
Materials:
Cost of ordering, handling, and storing parts
Tk.20% of invoice cost.
In total, the company expects 10000 hours of repair time it can bill to customers. According to
competitive conditions, the company believes it should aim for a profit of Tk.6 per hour of
repair time. The competitive markup on materials are 40% of invoice cost. The company uses
time and material pricing.
Required:
(i)
Compute the time rate and the material loading charge that would be used of bill jobs.
(ii) One of the Companys repair technicians has just completed a repair job that required 2.5
hours of time and Tk.80 in parts (Invoice cost). Compute the amount that would be billed
for the job.
[Marks: {4+(4x2)+(4x2)} = 20]
= THE END =
Page 37 of 50

SUBJECT: 303. CORPORATE LAWS, GOVERNANCE & SECRETARIAL PRACTICES.
Time: Three hours
Full Marks: 100
Answer FIVE questions taking any THREE from Part A and TWO from Part B including
question No. 5 which is compulsory.
PART- A: CORPORATE LAWS
Q. No. 1.
Briefly comment on the following statements:
(a) Minimum five persons are required for formation of a public company.
(b) All listed companies are public companies but not the vice-versa.
(c) Acts done outside the Objects and outside the Articles of the company are ultra-vires.
(d) A company meeting must be duly convened and properly constituted.
[Marks: (4x5) = 20]
Q. No. 2.
(a) What do you mean by Statutory Meeting? When does a company hold statutory meeting?
(b) What are the contents of statutory meeting?
(c) What are differences between Statutory Meeting and Extra Ordinary General Meeting?
[Marks (4+8+8) = 20]
Q. No. 3.
(a) Whether is the renewal of every company a must in every year? If it is not done, what are the
penalties for the failure?
(b) What are the documents to be submitted to RJSC (Registrar of Joint Stock Companies) and SEC
(Securities and Exchange Commission) every year as per present rules and regulations?
(c) Whether can RJSC and SEC take any action against the Directors for the loss of the company?
[Marks (6+6+8) = 20]
Q. No. 4.
(a) How and why is a company dissolved?
(b) Explain the steps to be taken for the dissolution of a company by the Government.
(c) What are the preferential payments in the case of dissolution of a company?
[Marks (6+6+8) = 20]
Q. No. 5.
Distinguish between the following:
(a) Chairman and Managing Director.
(b) Ordinary business and Special business.
(c) Fixed charge and Floating charge.
(d) Minutes and Resolution.
(e) Member and Shareholder.
[Marks: (5 x 4) = 20]
Page 38 of 50

SUBJECT: 303. CORPORATE LAWS, GOVERNANCE & SECRETARIAL PRACTICES.
PART B: CORPORATE GOVERNANCE & SECRETARIAL PRACTICES
Q. No. 6.
(a) What are the main functions of DSE (Dhaka Stock Exchange) and CSE (Chittagong Stock
Exchange)?
(b) How does SEC control these organizations?
(c) Discuss the formation and activities of the SEC. Do you think that functions of SEC should be
more effective for the development of capital market in Bangladesh?
[Marks (8+6+6) = 20]
Q. No. 7.
Advise the Chairman of your Company on the following:
(a) One of the Directors of the Board submitted his resignation to the Chairman.
(b) The Managing Directors office is going to be vacant on September 20, 2010.
(c) The Company wants to pay Interim Dividend from its past profits.
(d) Mr. Smith, Director of a listed company wants to visit UK for six months and the Board of
Directors wants to appoint an Alternate Director in his place.
[Marks: (4x5) = 20]
Q. No. 8.
(a) A Company Secretary is an important person in the management of a Public Limited Company.
Discuss.
(b) What are the qualifications and experience of a Company Secretary?
(c) Whether are Company Secretaries of Bangladesh discharging their duties properly in respect of
running their respective companies for those Cost Audit order has been issued by the
Government? Explain.
[Marks (6+6+8) = 20]
= THE END =
Page 39 of 50

SUBJECT: 304. AUDITING.
Time: Three hours

Full Marks: 100

Q. No. 1.
Briefly explain:
(a) The role of audit committee for strengthening the credibility of the audit report and audited
financial statements.
(b) The measures which have been or may be taken by the Securities & Exchange Commission
(SEC) for enhancing the current status of corporate governance in the country.
[Marks: (4+6) = 10]
Q. No. 2.
(a) How does a review engagement differ from an assurance engagement?
(b) Describe the auditors responsibilities with regard to
(i)
Subsequent events
(ii) Going concern status of companies.
[Marks: (5+10) = 15]
Q. No. 3.
There are a number of different methods of obtaining audit evidence. Methods include:
(i) Analytical procedures (ii) Audit sampling (iii) Test of controls (iv) Details testing of transactions
and balances (v) CAATs.
Explain the advantages and disadvantages of each of the five methods.
[Marks: (3 x 5) = 15]
Q. No. 4.
(a) Audit documentation is the integral part of audit. Do you agree with the statement? Why?
(b) In what circumstances an auditor may disclose confidential information about a client?
(c) What is the difference between Materiality and Tolerable error?
[Marks: (5+5+5) = 15]
Q. No. 5.
(a) Explain the meaning of the following terms in the context of audit sampling:
(i)
Stratified Sampling.
(ii) Random Sampling.
(b) Distinguish between Internal Check and Internal Audit and give examples to elucidate your
answer.
[Marks: (6+6) = 12]
Page 40 of 50

SUBJECT: 304. AUDITING.
Q. No. 6.
The auditor should obtain sufficient appropriate audit evidence through the performance of
compliance and substantive tests to enable to draw reasonable conclusions there from on which to
base his opinion on the financial information. In the light of above statement, explain the following:
(a)
Documentation.
(b)
Sufficient appropriate audit evidence.
(c)
Sources of Audit evidences.
(d)
Reasonable conclusion.
(e)
Compliance and Substantive tests.
[Marks: (5 x 4) = 20]
Q. No. 7.
(a) What do you understand by Audit Materiality as per ISA/BSA 320? What is its significance to
an auditor?
(b) You are a Auditor of a public limited company for the year 2009. Your audit team identified
that the company did not account for deferred tax liability of Tk.20 million as per IAS/BAS 12.
What steps would you take in this regard?
[Marks: (8+5) = 13]
= THE END =
Page 41 of 50

PROFESSIONAL LEVEL IV
SUBJECT: 401. FINANCIAL MANAGEMENT.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) Messi & Kaka Ltd. has annual earnings before interest and tax of BDT 15 Million. These
earnings are expected to remain constant. The Market price of the Companys ordinary shares is
BDT .86 per share cum dividend and of debentures Tk. 105.50 per debenture ex-interest. An
interim dividend of six paisa per share has been declared. Income Tax is at the rate of 35% and
all available earnings are distributed as dividends.
Messi & Kaka Ltd.s long-term capital structure is shown below:
Ordinary shares (BDT .25 per share value)
Reserve
16% debenture (per value Tk. 100) as on 31.12.2004
BDT in 000
12,500
24,300
36,800
23,697
60,497
Required:
Compute the Cost of capital of the company according to the traditional theory of capital structure.
Assume that it is now 31.12.2001.
(b) Vovozela Ltd. is an all equity Company with an equilibrium market value of Tk. 32.5 million
and a cost of capital of 18% p.a. The company proposes to repurchase Tk. 5.0 Million of equity
and to replace it with 13% irredeemable loan stock.
Vovozela earnings before Tax & interest are expected to be constant for the foreseeable future.
Income Tax is @ 13%. All profits are paid out as dividends.
Required:
Using the assumptions of Modigliani & Miller explain and demonstrate how this change in capital
structure will affect:
- The market value.
- The cost of equity.
- The cost of capital of the company.
[Marks: (10+10) = 20]
Q. No. 2.
(a) Soccer Ltd. presently pays a dividend of Tk. 1 per share and has a share price of Tk. 20.
(i)
If this dividend were expected to grow @ 12% p.a. forever, what is the companys
expected or required return on equity using a dividend- discount model approach?
(ii) Instead of the situation in part (i) above suppose the dividends were expected to grow @
20% p.a. for 5 years and 10% p.a. there after. Now what is the companys expected or
required return on equity?
Page 42 of 50

Q. No. 2. (Contd..)
(b)
(i)
(ii)
Explain the term Foreign Exchange Rate Risk Name the tools available to cover
Exchange Rate Risk.
He & She Ltd. is planning to import a machine form Japan at a cost of 340 million Yen.
The company can avail loans @ 16% interest with quarterly rests which it can import the
machine. However, there is an offer from the Japanise suppliers Bank extending credit of
180 days @ 2% p.a. against opening of an irrevocable confirmed LC. relevant
information are as follows:
Present Exchange Rate
: Tk. 100 = 210 Yen
180 days forward Rate
: Tk. 100 = 225 Yen
Commission charges to LC @ 2% per 12 months.
Required:
Which option is adviceable for the company?
[Marks: (10+10) = 20]

Q. No. 3.
(a) Calculate operating, financial and combined leverage from the following Balance Sheet and
other information provided here:
Cape Horn Ltd.
Balance Sheet
As of 31st Dec. 2009
Tk. in 000
Assets:
Net Fixed Assets
Current Assets
Less: Liability
1500
500
400
100
1600
Represented by
Equity Tk. 100 per share
Retained Earnings
Long term loan (10%)
600
200
800
1600
The Companys total assets turn over ratio is 3.0, its fixed operating costs are Tk. 1,00,000 and its
variable operating cost ratio is 40%. Income Tax rate is assumed @ 5%.
(b)
Determine the likely level of Earning Before Income Tax (EBIT) if earnings per share is(i) Tk. 10
(c)
(ii) Tk. 30
(iii) Tk. 100
How are these information regarding leverages useful to the Financial Manager of a Company?
[Marks: 20]
Q. No. 4.
(a) Explain wealth maximization and value maximization objective of financial management.
(b) Assume that you are about to move from a finance position in a public limited company to work
in government financial management. Explain what major differences you are likely to
experience between the financial management in a public limited company and in the
government.
Page 43 of 50

Q. No. 4. (Contd..)
(c)
G4 Ltd. is comprised of only four major investment projects, details of which are as follows:
Project
% of company MV
1
2
3
4
28
17
31
24
% of annual return
during 1st 5 years
10
18
15
13
Risk % SD
15
20
14
18
Correlation with
the market
.55
.75
.84
.62
The risk free rate is expected to be 5% p.a., the market return 14% p.a. and the SD of MV is
13%.
Required:
(i)
Assume the MV Ltd.s shares currently priced based upon the assumption that the last
five years experience of returns will continue for the foreseeable future. Evaluate whether
or not the share price of G4 Ltd. is undervalued or overvalued.
(ii) Discuss why your results is (i) above might not correctly identify whether or not the share
price of G4 Ltd. is undervalued or overvalued.
[Marks: (4+4+6+6) = 20]
Q. No. 5.
(a)
What are the various types of ratios?
(b)
From the following details, prepare the balance sheet of the firm concerned:
Stock velocity
Capital turn over ratio
Fixed assets turn over ratio
Gross profit
Debt collection period
Creditors payment period
8
4
2
30%
4 months
73 days
The gross profit was Tk.800,000. Closing stock was Tk.100,000 in excess of the opening stock.
[Marks: (4+16) = 20]
= THE END =
Page 44 of 50

PROFESSIONAL LEVEL-IV
SUBJECT: 402-STRATEGIC MANAGEMENT ACCOUNTING.
Time: Three hours
Full Marks: 100

Q. No. 1
(a)
(b)
(i)
Discuss JIT purchasing versus holding inventories.
(ii)
What are the limitations of JIT purchasing system?
(ii)
Discuss Manufacturing Resource Planning with reference to JIT purchasing system.
ORBIT furniture manufacturing company has provided the following data:

2008
2009
Output:
Sales value of production
BDT 22,00,000
BDT 35,00,000
Input
Labor
10,00,000
15,00,000
Raw materials & supplies
8,00,000
12,50,000
Capital equipment depreciation
70,000
1,20,000
Others
2,20,000
4,80,000
Required:
Compute the Labor, Raw materials & supplies, Multifactor and Total productivity for 2008 and 2009.
[Marks: (15+10) = 25]
Q. No.2.
Tallu International Park (TIP) is a theme park and has for many years been a successful business,
which has traded profitably. About three years ago the directors decided to capitalize on their success
and reduced the expenditure made on new thrill rides, reduced routine maintenance where possible
(deciding instead to repair equipment when it broke down) and made a commitment to regularly
increase admission prices. Once an admission price is paid customers can use any of the facilities and
rides for free.
These steps increased profits considerably, enabling good dividends to be paid to the owners and
bonuses to the directors. The last two years of financial results are shown below.
2008(Tk.)
2009(Tk.)
Sales
5,250,000
5,320,000
Less expenses:
Wages
2,500,000
2,200,000
Maintenance routine
80,000
70,000
Repairs
260,000
320,000
Directors salaries
150,000
160,000
Directors bonuses
15,000
18,000
Other costs (including depreciation)
1,200,000
1,180,000
1,372,000
Net profit
1,045,000
Book value of assets at start of year
13,000,000
12,000,000
Dividend paid
500,000
650,000
Number of visitors
150,000
140,000
TIP operates in a country where the average rate of inflation is around 1% per annum.
Required:
(a) Assess the financial performance of TIP using the information given above.
Page 45 of 50

Q. No.2. (contd..)
During the early part of 2008 TIP employed a newly qualified management accountant. He quickly
became concerned about the potential performance of TIP and to investigate his concerns he started to
gather data to measure some non-financial measures of success. The data he has gathered is shown
below:
2008
2009
Hours lost due to breakdown of rides (see note 1)
9,000 hours
32,000 hours
Average waiting time per ride
20 minutes
30 minutes
Table 1
Note 1: TIP has 50 rides of different types. It is open 360 days of the year for 10 hours each day.
(b) Assess the quality of the service that TIP provides to its customers using Table 1 and any other
relevant data and indicate the risks it is likely to face if it continues with its current policies.
[Marks: (15+10) = 25]
Q. No.3.
Cosmopolitan Traders, has recently established a subsidiary in another country, Petronia. An essential
component that is produced in Bangladesh by Cosmopolitan Traders will need to be provided to the
subsidiary in Petronia. The finance team is discussing what transfer price should be set for sales
between the parent company and subsidiary.
Three suggestions have been made:
(i)
Use the estimated Bangladeshi market price of the component as the transfer price. This is Tk.
18 per unit.
(ii) Use fixed cost per year plus variable cost per unit.
(iii) Use a negotiated price of Bangladeshi total cost plus 25%
The following is a breakdown of the cost structure of an important component that must be sent
between parent company and the overseas subsidiary. Annual sales are 50,000 units.
Parent company costs:
Variable costs
Tk. 13 per unit
Fixed cost
Tk. 120,000
Once received by the subsidiary the component undergoes further processing and is sold locally at
P$250 per unit.
Costs in Petronia:
P$
Local variable costs
82
Local fixed cost
351,000
The current exchange rate is P$78/Tk.
The corporate tax rate in Petronia is 25%, and in the Bangladesh 30%.
A 15% withholding tax is levied on all dividend payments in Petronia.
A bilateral tax treaty exists between Bangladesh and Petronia. This allows tax paid on income and
distributions in one country to be credited against a tax liability on the same income in the other
country.
Assume that all available profits in Petronia are to be remitted back to Bangladesh.
Required:
a)
Calculate the expected after tax profits that would result from each of the three transfer pricing
methods.
b)
Discuss the advantages and disadvantages of each of the methods.
[Marks: (20+5) = 25]
Page 46 of 50

Q. No.4.
Ice-Time Ltd (ITL) manufactures a range of sports equipment used in a variety of winter-sports in
Snow land. Development engineers within ITL have recently developed a prototype of a small enginepropelled bobsleigh named the Snowballer, which has been designed for use by young children. The
directors of ITL recently spent Tk.200,000 on market research, the findings of which led them to
believe that a market exists for the Snowballer.
The marketing director has suggested that ITL should use the Olympic brand in order to market the
Snowballer.
The finance director of ITL has gathered relevant information and prepared the following evaluation
relating to the proposed manufacture and sale of the Snowballer.
(i)
Sales are expected to be 3,200 units per annum at a selling price of Tk.2,500 per unit.
(ii)
Variable material, labour, and overhead costs are estimated at Tk.1,490 per unit.
(iii) In addition, a royalty of Tk.150 per unit would be payable to Olympic plc, for the use of their
brand name.
(iv)
Fixed overheads are estimated at Tk.900,000 per annum. These overheads cannot be avoided
until the end of the year in which the Snowballer is withdrawn from the market.
(v)
An initial investment of Tk.5 million would be required. A government grant equal to 50% of
the initial investment would be received on the date the investment is made. However, because
the Snowballer would be classified as a luxury good, no tax allowances would be available on
this initial investment. The estimated life cycle of the Snowballer is six years.
(vi)
Corporation tax at the rate of 30% per annum is payable in the year in which profit occurs.
(vii) All cash flows are stated in current prices and, with the exception of the initial investment and
the government grant will occur at the end of each year.
(viii) The nominal cost of capital is 1544%. Annual inflation during the period is expected to amount
to 4%.
Required:
(a) Calculate the net present value (NPV) of the Snowballer proposal and recommend whether it
should be undertaken by the directors of ITL.
(b)
Using sensitivity analysis, estimate by what percentage of the annual contribution would need
to change before the recommendation in (1) above is varied.
(c)
Using sensitivity analysis, estimate by what percentage the life cycle of the Snowballer would
need to change before the recommendation in (1) above is varied.
(d)
Comment on THREE factors other than NPV that the directors of ITL should consider when
deciding whether to manufacture the Snowballer.
[Marks: (10+5+5+5) = 25]
= THE END =
Page 47 of 50

SUBJECT: 403. STRATEGIC MANAGEMENT AND ORGANIZATIONAL BEHAVIOR.
Time: Three hours
Full Marks: 100
Answer any THREE questions from Group-A and TWO questions from Group-B.
All questions carry equal marks.
Group A: STRATEGIC MANAGEMENT
Q. No. 1.
(a) Strategy making is fundamentally a market-driven and customer-driven entrepreneurial activity.
explain.
(b) What does a companys strategy consists of? Explain in brief.
[Marks: (10+10) = 20]
Q. No. 2.
(a) How has the internet changed (or will change) the strategy of firms and institutions delivering
education? What new value is created by the Internet? How can organizations offering e-learning
opportunities capture the value? Illustrate with examples.
(b) State the key factors that need to be considered in strategy formulation in the age of E-commerce.
(c) Describe various entrepreneurial defensive strategies for survival.
[Marks: (10+5+5) = 20]
Q. No. 3.
Why is it important to integrate R & D into corporate strategy? Briefly discuss the factors which should be
taken into consideration if the innovation process is to be managed successfully. Explain giving examples.
[Marks: 20]
Q. No. 4.
Write short notes on the followings (any four):
(a) Unbundling and outsourcing.
(b) Internet technology and distribution channel efficiency.
(c) Defensive strategy and Fast mover strategy.
(d) E-business and value chain.
(e) Strategic alliance.
(f)
Strategic vision.
[Marks: (4 x 5) = 20]
GROUP B: ORGANIZATIONAL BEHAVIOR
Q. No. 5.
(a) How can a manager create customer responsive culture? Explain with example.
(b) In these dynamic organizations, how the employees are learning the cultures? Explain.
(c) What can a manager do to create and sustain organizations culture? Explain.
[Marks: (5+5+10) = 20]
Q. No. 6.
Discuss the issues and challenges in Knowledge Management in the present day competitive environment.
[Marks: 20]
Q. No. 7.
How do conflicts get generated in an organizational situation? How does it impact the group behavior and
functioning of the organization? Explain with relevant examples.
[Marks: 20]
Q. No. 8.
(a) What is Organizational Behavior?
(b) What is indicated by positive organizational behavior and negative organizational behavior?
(c) What techniques a manager can apply to obtain desired organizational behavior? Discuss in brief.
[Marks: (4+8+8) = 20]
= THE END =
Page 48 of 50

SUBJECT: 404. COST AND MANAGEMENT AUDITING.
Time: Three hours

Full Marks: 100

PART A : COST AUDITING (MARKS:50)
Q. No. 1.
Cost Audit, in addition to the essential features of auditing, has following additional features:
(a) Assessing compliance by the Company with the cost accounting record rules.
(b) Study of the costing system to assess whether it is adequate for the cost ascertainment of the
product under review.
(c) Evaluation of the operating and management efficiencies of the organization under audit.
Explain what do you understand by compliance, adequacy and efficiency in the context of the
above three features.
[Marks: (6+6+6) = 18]
Q. No. 2.
(a) Briefly discuss the basic requirements of cost accounting record rules of manufacturing
organization (in general), as per the record rules in Bangladesh.
(b) A cost auditor has to examine all records, cost statements and financial statements and other
relevant data in the course of his audit work. Discuss.
[Marks: (8+6) = 14]
Q. No. 3.
(a) Cost accounting and cost audit are effective management control mechanism and as such, a
management tool. Briefly discuss.
(b) Within decentralized organizations there may be cost centers, investment centers and profit
centers. As an auditor, how you will evaluate its performance?
(c) Discuss the provision of professional misconduct in relation to Cost & Management Accountant
in practice as prescribed under the Cost Audit Rules 1997.
[Marks: (6+6+6) = 18]
PART B : MANAGEMENT AUDITING (MARKS:50)
Q. No. 4.
(a) You have been appointed as Management Auditor of a publicly listed manufacturing company.
Prepare a checklist of key functions that you would be in auditing.
(b) What is the importance of management audit report? Prepare an outline of the management
audit report.
[Marks: (9+5) = 14]
Page 49 of 50

SUBJECT: 404. COST AND MANAGEMENT AUDITING.
Q. No. 5.
Explain how the following affects establishment of corporate governance in an organization:
(i)
Professional ethical standards.
(ii) Professional competence.
(iii) Independence.
[Marks: (4 x 3) = 12]
Q. No. 6.
(a) Management audit entails review appraisal and evaluation of management performance of an
entity discuss.
(b) As a management auditor, you have been asked to conduct a review of the role of the Supply
Chain and Quality Control department of a company. State the various points which will be
covered in the review.
[Marks: (5+7) = 12]
Q. No. 7.
Briefly discuss the following:
(a) Value for money audit;
(b) Efficiency measurement;
(c) Management by exception and objectives.
[Marks: (4 x 3) = 12]
= THE END =
Page 50 of 50

CMA Question of ICMAB - August 2010

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THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

CMA AUGUST, 2010 EXAMINATION

Full Marks: 100

[Marks: (15+5+5) = 25]

CMA AUGUST, 2010 EXAMINATION

Outstanding cheque totaled Tk.7,294.

The Bank service charge for June amounted Tk.26.

The Bank mistakenly deducted a cheque for Tk.800 drawn by M company.

Prepare Bank Reconciliation Statement as of June 30, 2009.

Pass necessary Journal Entries to adjust the Cash Account.

[Marks: (10+05) = 15]

CMA AUGUST, 2010 EXAMINATION

Amount received from customers in Payment of their accounts Tk. 4,10,000.

Work completed and transferred to finished goods Tk. 6,40,000.

Provision for income tax Tk. 52,000.

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

GROUP-B: OFFICE MANAGEMENT

CMA AUGUST, 2010 EXAMINATION

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

PART A : BUSINESS MATHEMATICS

prove that AB = BA.

A loan of Tk.1,000 is to be paid in 5 equal annual installment. Interest being at 6% p.a.

[Marks: (5+5) = 10]

CMA AUGUST, 2010 EXAMINATION

PART B : BUSINESS STATISTICS

CMA AUGUST, 2010 EXAMINATION

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

CMA AUGUST, 2010 EXAMINATION

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

CMA AUGUST, 2010 EXAMINATION

CMA AUGUST, 2010 EXAMINATION

CMA AUGUST, 2010 EXAMINATION

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

CMA AUGUST, 2010 EXAMINATION

Actual data, Oct 2008

Job Nos. and Hours

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

PART - A: MANAGEMENT (TOTAL MARKS-50)

State the significance of TQM for Bangladeshi Firms.

How can these problems be solved?

Differentiate between an organization chart and an organization manual.

Discuss the process of developing an effective organization chart.

Discuss the suitability and problems of matrix organizations.

What is effective planning?

Explain the different barriers to effective planning.

Explain the logical steps in the planning process of an organization.

How can you formulate strategies for your organization?

Define and distinguish between different levels of strategies.

Discuss some significant global strategies.

Explain the meaning of motivation, motivators and satisfaction.

To what extent and how is money an effective motivator?

Two marks are reserved for neatness and relevance

CMA AUGUST, 2010 EXAMINATION

Discuss the salient features of marketing management.

What is market segmentation?

Explain the factors that should be considered for market segmentation.

Explain the different bases of market segmentation.

Define Marketing Report.

What is strategic marketing planning?

Explain the Boston Consulting Group (BCG) Matrix.