CMA Question of ICMAB - December-2010

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH
CMA DECEMBER, 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.
Prite Mean began operations as a private investigator on January 1, 2010. The trial balance columns
of the work-sheet for Mowla Inc. at march as follows:
Mowla Inc.
Work sheet
For the quarter ended March 31, 2010
Trial Balance
Dr. (Tk.)
12,40,000
5,62,000
1,05,000
2,40,000
30,00,000
Accounts title
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Notes Payable
Accounts Payable
Mowla Capital
Mowla Drawing
Fees Earned
Salaries Expense
Travel Expense
Rent Expense
Miscellaneous Expense
Cr. (Tk.)
10,00,000
12,35,000
20,00,000
60,000
13,62,000
1,20,000
1,30,000
1,20,000
20,000
55,97,000
________
55,97,000
Other data:
(1) Supplies on hand total Tk.75,000.
(2) Depreciation is Tk.40,000 per quarter.
(3) Interest accrued on six months notes payable, issued January 1, Tk.30,000.
(4) Insurance expires at the rate of Tk.15,000 per month.
(5) Fees earned but unbilled at March 31, total Tk.75,000.
Required:
(i)
Enter the trial balance on a work sheet and complete the work sheet.
(ii) Prepare an income statement and owners equity statement for the quarter and a classified
balance sheet at March 31.
(iii) Journalize the adjusting entries from the adjustments columns of work sheet.
[Marks: (10+5+2+5+3) = 25]
Q. No. 2.
Star Commercial Properties Inc. has an accounting period of one year, ending on July 31. On July 1,
2008, the balances of certain ledger accounts are notes receivable Tk.6,540; and notes payable
Tk.9,000. A schedule of the notes receivable is as follows:
Face Amount
Tk.2,700
1,200
2,640
Maker
Prodip Co.
Dohar Co.
Fancy Co.
Date of Note
15/5/2008
31/5/2008
15/6/2008
Page 1 of 50
Life
60 days
60 days
30 days
Interest Rate
12%
12%
10%

FOUNDATION LEVEL
Q. No. 2. (Contd..)
The note payable is a 60-day bank loan dated May 20, 2008-Notes Payable-Discount was debited for
the discount of Tk.60. Following are the companys transactions during July:
July-1 : Star Commercial Properties Inc., discounted its own Tk.900, 60-day non interest bearing
note at Kaza Bank. The discount rate is 10% and the note was dated today.
July-3 : Received a 20-day 12% rate, dated today, from Sosil Company in settlement of an account
receivable of Tk.360.
July-6 : Purchased merchandise from Lanka Company, Tk.2,880 and issued a 60-day, 12% note,
dated today for the purchase.
July-8 : Sold merchandise to Fatah Company, Tk.3,600, A. 30-day, 12% note, dated today, received
to cover the sale.
July-14 : Received payment on the Prodip Company note dated June 15, 2008.
July-15 : Fancy Company sent a Tk.1,200, 30-day, 12% note, dated today and a cheque to cover the
part of the old note not covered by the new note, plus all interest expense incurred on the
prior note.
July-19 : The note payable dated May 20, 2008 was paid in full.
July-21 : Sosil Company dishonored its note of July 3 and sent a cheque for the interest on the
dishonored note and a new 30-day 12% note dated July 23, 2008.
July-30 : The Dohar Company note dated May 31, 2008 was paid with interest in full.
Required: Prepare dated journal entries for transactions and necessary July 31 adjusting entries.
[Marks: 15]
Q. No. 3.
The following information is available for R.L.Lee Company as of June 30, 2009.
(a) Cash on the books as of June 30, 2009 amounted to Tk. 1,891. Cash on the Bank Statement for
the same date was Tk. 3,252.
(b) A matching of debits to the Cash Account on the books with deposits to the Bank Statement
showed that the Tk. 452 receipts of June 30, 2009 were included in Cash but not included as a
deposit on the Bank Statement. This deposit was in the Banks night deposit chute on June 30,
2009. A comparison of cheques issued with cheques that had cleared the Bank showed three
cheques outstanding:
No. 9544
No. 9545
No. 9546
Total
Tk. 322
Tk. 168
Tk. 223
Tk. 713
(c)
Included with the Bank statement was a credit memo for Tk. 1,225 (principal of Tk. 1,200 +
interest of Tk. 25) for collection of a note owed to Lee by Shipley Company.
(d) Included with the Bank Statement was a Tk. 102 debit memo for an NSF Cheque written by R.
Jonsons and deposited by Lee.
(f) Charges made to Lees Account include Tk. 15 for safe-deposit box rent and Tk. 8 for service
charges.
Required:
(i)
Prepare Bank Reconciliation Statement as of June 30, 2009.
(ii) Prepare the necessary Journal Entries to adjust the Cash Account.
[Marks: (10+5) = 15]
Page 2 of 50

FOUNDATION LEVEL
Q. No. 4.
Modern Company has the following Inventory and Sales data for the month of March, 2009.
Tk.
Inventory :
March 01, 2009 1,200 units
@ Tk. 4.00
4,800
Purchase :
March 10
1,500 units
@ Tk. 5.00
7,500
March 20
1,400 units
@ Tk. 5.25
7,350
March 30
1,300 units
@ Tk. 5.00
6,500
Sales :
March 15
1,500 units
March 25
1,400 units
The physical Inventory count on March 31 shows 2,500 units on hand.
Required:
Under a periodic Inventory system, determine the cost of Inventory on hand at March 31 and the Cost
of Goods Sold for March under the (a) First-in, First-out (FIFO) method, (b) Last-in, First out (LIFO)
method and (c) Average Cost Method.
[Marks: = 20]
Q. No. 5.
(a)
A work sheet is a permanent accounting record and its use is required in the accounting cycle
Do you agree? Explain.
(b)
Distinguish between long term Investments and Property, Plant and Equipment.
(c)
(i) What is an accounting information system?

(ii) An accounting information system applies only to a manual system Do you agree?
Explain.
(d)
Extravagant Inc. is installing a new plant at its production facility. It has incurred these costs:
(i)
Cost of the plant (as per suppliers invoices plus taxes)
2,500,000
(ii)
Initial delivery and handling costs
200,000
(iii)
(iv)
Cost of site preparation

Consultants fees for acquisition of the plant
600,000
700,000
(v)
Interest charges paid to supplier of plant for deferred credit
200,000
(vi)
Estimated dismantling costs to be incurred after 7 years
300,000
(vii)
Operating losses before commercial production
400,000
Required: Please advice Extravagant Inc. on the costs that can be capitalized in accordance with IAS 16.
[Marks: (3+4+3+3+12) = 25]

= 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)
Effective communication is necessary for a manager Explain.
(b)
When formal communication is better than informal communication?
(c)
What are the steps to be taken for overcoming communication barriers in a business organization?
[Marks: (5+5+5) = 15]
Q. No. 2.
(a)
Define Business report.
(b)
What are the steps to be followed in writing a successful report?
(c)
Draft a statutory report of a company for presenting the same to the share holders meeting.
[Marks: (3+5+7) = 15]
Q. No. 3.
(a)
What is a circular letter?
(b)
Using imaginary name & address, write a complain letter to the supplier for supplying inferior goods.
(c)
Write your C.V with a forwarding letter to the HR Manager of ABC Co. Ltd. for the post of a
Management Accountant.
[Marks: (3+6+6) = 15]
Q. No. 4.
Write short notes on any five of the following:
(a) Progress report, (b) Two way communication, (c) Online banking, (d) Business ethics, (e) SEC,
(f) Central Depository System (CDS), (g) FBCCI, (h) Non-verbal communication.
[Marks: (5 x 4) = 20]
GROUP-B: OFFICE MANAGEMENT
Q. No. 5.
(a)
What is Office Management?
(b)
Discuss the Necessity of Office Management.
(c)
Discuss different Organizational Structure of Banking sector, Corporate & Government Office with a
diagram.
[Marks: (3+3+9) = 15]
Q. No. 6.
(a)
What do you mean by selection of office location?
(b)
What are the factors to be considered in selecting office building site?
(c)
Discuss the effects of the office environment on Employees.
[Marks: (3+6+6) = 15]
Q. No. 7.
(a)
What are the various systems of office filling?
(b)
Discuss the importance of office filling system of a company.
(c)
Describe the different types of office manuals and their importance.
[Marks: (5+5+5) = 15]
Q. No. 8.
Write short notes on any FIVE of the following:
(a) E-commerce, (b) Job evaluation method, (c) Office attendance, (d) Scientific office management,
(e) Training of employees, (f) Share market, (g) Motivation of employees, (h) Employer-Employee relationship.
[Marks: (5x4) = 20]
= THE END =
Page 4 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) What is the present value of Tk. 2,500 payable 4 years from now at 10% compounded quarterly
of a year?
(b) Demand and supply equations are (q+20) (p+10) = 400 and q = 2p 7 respectively, where p
stands for price and q for quantity. Find the equilibrium price and quantity and show it by a
graph.
[Marks: (4 + 6) = 10]
Q. No. 2.
(a) Show that if one of the roots of ax2 + bx + c = 0 is double of one of the roots of cx2 + bx + a = 0
then either 2a = c or (2a + c) 2 = 2b2.
(b) In how many ways can 15 different things be divided into groups of 6, 5 and 4 respectively?
[Marks: (5 + 5) = 10]
Q. No. 3.
(a) The total cost of producing x articles is x3/3 6x2 4x + 100 and the price at which each article
can be sold is 8 4x. What should be the output for a maximum profit? Calculate the profit.
(b) A machine costs the company Tk. 97,000 and its effective life is estimated to be 12 years. If the
scrap realises Tk. 2000 only, what amount should be retained out of profits at the end of each
year to accumulate at compound interest at 5% per annum?
[Marks: (5 + 5) = 10]
Q. No. 4.
(a) Find the differential co-efficient of(i)
tan (log tan-1 x) + tan-1 (sineax) w.r.t.x
(ii) etanx w.r.t. sinx
(b)
If y = 7 (cosx) (logx) + 3 cosecx +

Find
tan x
x + ex
dy
w.r.t.x
dx
[Marks: (6 + 4) = 10]
Q. No. 5.
(a) In an examination, 56% failed in Mathematics, 37% failed in Statistics, and 17% failed in both
the subjects. How many percent passed in both the subjects? Display with the help of a Venn
diagram.
(b) Prove that (A U B)c = Ac I Bc.
[Marks: (5 + 5) = 10]
Page 5 of 50

FOUNDATION LEVEL
Q. No. 6.
The market research department of an electronics company has determined that the demand equation
for the AM/FM radio clock is x = f(p) = 500 10p.
Where x is the number of units that the retailers are likely to buy at price Tk.p per unit. The financial
department estimates that the fixed costs (overhead) are Tk.3,000 and the variable costs is Tk.10 per
unit.
(a) Express the total costs C = C(p) as a function of p.
(b) Express the revenue R = R(p) as a function of p.
(c) Find the break-even points at which cost equals the profit.
(d) Find the price per unit of the radio clock set for which the profit is maximum.
[Marks: (2.5 x 4) = 10]
Q. No. 7.
(a) Work out the following:
(i)
(b)
ax
e
3 4
+ ) dx
x x2
(ii)
x 3 + 1 dx
Find the area of the region bounded by x axis, y axis, the curve y = ex and the line x = 2.
[Marks: (6 + 4) = 10]
PART-B: BUSINESS STATISTICS
Q. No. 1.
(a) Define a variable. Distinguish between a continuous variable and discrete variable.
(b) Discuss the procedures of constructing a frequency table from raw data.
[Marks: (4+6) = 10]
Q. No. 2.
(a) What are usual measures of central tendency? Show that arithmetic mean depends on the
change of both origin and scale of measurement.
(b) Calculate the mean, the median and the mode of the following data:
Daily
production
Number of
workers
50-100
100-150
150-200
200-250
250-300
300-350
10
17
22
20
15
[Marks: (4+6) = 10]

Q. No. 3.
(a) Define correlation. Does correlation always signify a cause and effect relationship between the
variables.
(b) The co-efficient of correlation between the ages of husbands and wives in a community was found
to be +0.8. On average of husbands age was 25 years and that of wives age 22 years. Their standard
deviations were 4 and 5 years respectively. Find with the help of regression equations:
(i)
The expected age of husband when wifes age is 12 years and
(ii)
The expected age of wife when husbands age is 33 years.
[Marks: (4+6) = 10]
Q. No. 4.
(a) What do you mean by shape characteristics of a distribution? State the different measures of
skewness and kurtosis.
Page 6 of 50

FOUNDATION LEVEL
Q. No. 4. (Contd..)
(b)
From the following distribution, find the coefficient of skewness ad comment on your result.
Monthly wages in Tk.
Number of workers
500 550
10
550 600
25
600 650
30
650 700
41
700 750
47
750 800
40
800 850
35
850 900
26
[Marks: (4+6) = 10]
Q. No. 5.
(a) Define scatter diagram. Explain the usefulness of using scatter diagram in studying the
correlation between two variables.
(b) Calculate the coefficient of correlation and interpret your result for the data given below:
Income (in Tk.)
15
22
32
27
40
47
33
42
Expenditure (in Tk.)
14
24
30
28
40
41
35
39
[Marks: (4+6) = 10]
Q. No. 6.
(a) Define null hypothesis and alternative hypothesis with examples. Explain one-tailed test and
two-tailed test. What do you mean by level of significance?
(b) What do you mean by survey? Distinguish between sample survey and census. Discuss the
advantages of sample survey over census.
[Marks: (5+5) = 10]
Q. No. 7.
(a) Define probability. Define addition and Multiplication law of probability.
(b) (i) Define conditional probability.
(ii) The personnel department of a Company has records which shown the following analysis of
its 200 engineers:
Age (yrs.)
Bachelors
Masters
Total
degree only
degree
Under 30
90
10
100
30 to 40
20
30
50
Over 40
40
10
50
Total
150
50
200
If one engineer is selected at random from the company find:
(a) the probability he has only a Bachelors degree.
(b) the probability he has a Masters degree given that he is over 40.
(c) the probability he is under 30 given that he has only a Bachelors degree.
[Marks: (4+6) = 10]
= THE END =
Page 7 of 50

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) How does knowledge of economics help Management Accountant Professionals in
accomplishing their works?
(b) Distinguish between economic profit and business profit.
(c) Give explanations for emergence of Super profit in firms.
(d) Mr. Robert, a CMA professional, left his job of Tk.60,000 per month and started a consultancy
business under the name Robert Cost and Management Consultancy Limited with a capital of
Tk.6,00,000 and a bank loan of Tk.2,00,000, interest rate being 12% p.a. He earned
Tk.15,00,000 during the year 2009-2010. He used a room of his fathers business for which he
need not spend any rent, which could be rented out @Tk.10,000 per month. During the year,
material cost and service charges were Tk.70,000 and salaries of employees were Tk.90,000.
Depreciation of Equipment is estimated at Tk.5,000. Calculate accounting profit and economic
profit of Robert Cost and Management Consultancy Limited for the year 2009-2010.
[Marks: (4+4+4+8) = 20]
Q. No. 2.
(a) Explain why demand curve slopes downward.
(b) What are the determinants of expansion of export demand for ready made garments of
Bangladesh?
(c) Tell whether product X and Y are complementary or Substitute goods if(i)
increase of price of X leads to increase of price Y.
(ii) increase of price of X leads to decrease of price Y.
(iii) increase of price of X does not bring any change in the price of Y.
(d) Calculate price elasticity, income elasticity and cross elasticity from the following figures of a
firm selling X product:
Years
1990
2010
Sales in Quantity
of X No.
20,000
30,000
Price per unit

of X in Taka
30
20
Price per unit

of Y in Taka
12
24
Per Capita
Income in Taka
15,000
30,000
[Marks: (6+5+3+6) = 20]
Q. No. 3.
(a) Distinguish between Perfect Competition and imperfect competition.
(b) Show with a diagram how price is determined under monopolistic competition both in short run
and long run.
[Marks: (10+10) = 20]
Q. No. 4.
(a) State the main causes of inflation in Bangladesh in the recent time.
(b) How to manage inflation without affecting economic growth?
(c) State the measures of credit control adopted by the central bank.
[Marks: (8+6+6) = 20]
Page 8 of 50

FOUNDATION LEVEL
SUBJECT: 004. BUSINESS ECONOMICS AND INTERNATIONAL BUSINESS.
Q. No. 5.
(a) State the importance of National Income as an indicator of well being of a nation.
(b) Distinguish between:
(i)
GDP and National Income; and
(ii) National Income at market price and National Income at factor cost.
(c) Calculate GDP and National Income of Bangladesh during 2009-2010 from the following
information
Taka in Crores
Gross Private Investment
2500
Government Purchase of goods and Services
500
Personal Consumption of goods and Services
3500
Depreciation Charges
150
Exports
1650
Imports
1850
Value of Shares purchased during the year
150
Value of Second hand computer purchased in the country
50
Purchase of land during the year
120
Gains from sale of old cars during the year
150
[Marks: (6+6+8) = 20]
GROUP-B: INTERNATIONAL BUSINESS
Q. No. 6.
(a) What is the usual procedure of exports from Bangladesh?
(b) What are the potential products for export development in Bangladesh? Justify your answer.
(c) Explain the theory of comparative advantage in international trade. Is it still applicable in the
present context?
(d) What are the main barriers of export expansion in case of Bangladesh?
[Marks: (4+4+7+5) = 20]
Q. No. 7.
(a) What is a fiscal incentive? What fiscal incentives are there for exports in Bangladesh now?
Explain briefly.
(b) What are the infant industry arguments? How far these arguments are valid for development of
Bangladesh? Illustrate your answer.
(c) What are the advantages and disadvantages of Pre-shipment Inspection?
[Marks: (6+8+6) = 20]
Q. No. 8.
(a) What are the main differences in accounting practices among the countries?
(b) What is an international tax conflict? What is the common practice to resolve this problem?
(c) Write short notes on the following topics (any two):
(i)
Hypothecation
(ii) BOl
(iii) Back to back letter of credit
(iv) MNC.
[Marks: (6+8+6) = 20]
= THE END =
Page 9 of 50

PROFESSIONAL LEVEL-I
SUBJECT: 101. INTERMEDIATE FINANCIAL ACCOUNTING.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) Define the terms accruals, provisions and contingent assets.
(b) The following trial balance relates to Infineon Bangladesh Limited as at 31 March 2010:
Revenue
Cost of sales
Closing inventories at 31 March 2010 [note (i)]
Operating expenses
Rental income from investment property
Finance costs [note (ii)]
Land and building valuation [note (iii)]
Plant and equipment at cost [note(iv)]
Accumulated depreciation on plant and equipment at 1 April 2009
Investment property at valuation on 1 April 2009 [note (v)]
Plant held for sale
Trade receivables
Bank overdraft
Trade payable
Ordinary shares of Tk. 10 each
10% Redeemable preference shares of Tk. 10 each
Revaluation reserve [note (iii)]
Retained earnings at 1 April 2009
Taka (000)
143,800
10,500
17,200
5,000
63,000
36,000
16,000
8,000
13,500
_______313,000
Taka (000)
213,800
1,200
16,800
900
11,800
20,000
10,000
21,000
17,500
313,000
The following notes are relevant:

(i)
An inventory count at 31 March 2010 listed some damaged goods that had cost Tk 800,000.
These items could be sold for an estimated amount of Tk. 500,000.
(ii) Finance costs include an ordinary dividend of Tk 1 per share that was paid in September 2009.
(iii) Land and building were revalued at Tk 15 million and Tk 48 million respectively on 1 April
2009 creating a Tk 21 million revaluation reserve. At this date the remaining life of the building
was 15 years. Building is depreciated on straight line basis. The Company does not make a
transfer to realized profits in respect to excess depreciation.
(iv) Plant and equipment is depreciated at 12.5% on the reducing balance basis. Depreciation on
both the building and the plant & equipments should be charged to cost of sales.
(v) On 31 March 2010 a qualified surveyor valued the investment property at Tk 13.5 million. The
Company uses the fair value model as stated in BAS 40 to value investment property.
(vi) The rate of corporate income tax is 37.5%.
Required:
(i)
Prepare the income statement for the year ended 31 March 2010 and
(ii) Prepare the balance sheet as at 31 March 2010. (Notes to financial statements are not required.)
[Marks: {6+(7+7) = 20]
Page 10 of 50

Q. No. 2.
(a)
Cash flow statements are a valuable source of information. However, there may be
certain important non-cash transactions; give 2(two) examples of such transaction.
(b)
From the following information, prepare a cash flow statement for Ranges Company Ltd:
Ranges Company Ltd.
Balance Sheet as at December 31, 2009
Particulars
31.12.2009
31.12.2008
Assets:
(Taka)
(Taka)
Cash
62,000
200,000
Accounts Receivables, net
80,000
60,000
Inventories
20,000
12,000
Prepaid
10,000
6,000
Equipment (net)
500,000
300,000
Patent
70,000
90,000
Total
742,000
668,000
Liabilities and stockholders equity:
Accounts Payable
60,000
40,000
Salaries Payable
50,000
60,000
Interest Payable
9,000
6,000
Income tax Payable
20,000
12,000
Mortgage Payable
110,000
120,000
Bonds Payable
100,000
200,000
Premium on bonds Payable
3,000
8,000
Common stock
170,000
150,000
Retained earnings
220,000
72,000
Total
742,000
668,000
Ranges Company Ltd.
Income Statement
For the year ended December 31, 2009
Particulars
(Taka)
Sales
820,000
Cost of goods sold
(380,000)
Depreciation
(100,000)
Amortization of Patent
(20,000)
Other Expenses
(46,000)
Gain (excess of insurance proceeds over book value of
10,000
equipment destroyed)
Interest Expenses
(22,000)
Income tax expenses
(72,000)
Extraordinary loss on bond retirement (net of Tk.1,000 tax)
(2,000)
Net Income
188,000
Additional Information:
(i)
Ranges declared Tk.40,000 of dividends in 2009.
(ii) Equipment which costs Tk.100,000, book value of Tk.40,000 was destroyed by fire. Claim
proceeds from insurance company for Tk.50,000 was received by the company.
(iii) Bonds were retired on January 01, 2009 at Tk.107, applicable taxes Tk.1,000.
[Marks: (4+16) = 20]
Page 11 of 50

Q. No. 3.
(a) An investor purchased bonds with a face value of Tk.100,000. Payment for the bonds includes
(i) a Premium, (ii) accrued interest, and (iii) brokerage fees. How would each of these charges
be recorded and what disposition would ultimately be made of each of these charges?
(b) The Pine Company issued 7% convertible bonds worth Tk.10 million with interest payment
dates on April 1 and October 1. The bonds were sold on July 1, 1997, and matured on April 1,
2017. The bond discount totaled Tk.533,250. The bond contract entitles the bondholders to
receive 25 shares of Tk.15 par value common stock in exchange for each Tk.1,000 bond. On
April 1, 2007, the holders of bonds, face value Tk.1,000,000, exercised their conversion
privilege. On July 1, 2007, the Pine Company reacquired bonds, face value Tk.500,000 on the
open market. The balances in the capital accounts as of December 31, 2006 were:
Common Stock, Tk.15 par, authorized 3,000,000 shares, issued
and outstanding, 250,000 shares..Tk.3,750,000
Premium on Common Stock ..Tk.2,500,000
Market values of the common stock and bonds were as follows:
Date
Bonds (per Tk.1,000)
Common Stock (per share)
April 1, 2007
Tk. 1,220
Tk. 47
July 1, 2007
Tk. 1,250
Tk. 51
Required:
Prepare Journal entries on the issuers books for each of the following transactions (use straight line
method of amortization for the bond discount):
(i)
Sale of the bonds on July 1, 1997.
(ii) Interest payment on October 1, 1997.
(iii) Interest accrual on December 31, 1997, including bond discount amortization.
(iv) Conversion of bonds on April 1, 2007 (Assume that interest and discount amortization are
correctly shown as of April 1, 2007. No gain or loss on conversion is recognized).
(v) Reacquisition and retirement of bonds on July 1, 2007 (interest and discount amortization are
correctly reported as of July 1, 2007).
[Marks: (5+3 x 5) = 20]
Q. No. 4.
(a) There are two methods for reporting uncollectibles, direct write-off method and allowance
method. Which one of these you would use in your organization? Explain the reasons.
(b) An amount of Tk.4,000 has been collected on a receivable that was previously written off. Give
the Journal entry (ies) to record this transaction.
(c) From the following information, determine the value of inventory:
(d)
Food
Cost
Spinach
Carrots
Beans
Peas
Mixed Vegetables
Tk. 80,000
100,000
50,000
90,000
95,000
Replacement cost
Tk. 88,000
90,000
45,000
36,000
105,000
Net realizable
Net realizable
value (ceiling)
value (floor)
Tk. 120,000
Tk. 104,000
100,000
70,000
40,000
27,500
72,000
48,000
92,000
80,000
Cetus Corporation has a beginning inventory of Tk.60,000 and purchases of Tk.200,000, both at
cost. Sales amount to Tk.280,000. The gross-profit on selling price for the previous three years
were 30%, 25% and 35% respectively.
Find out the estimated closing inventory.
[Marks: (5 x 4) = 20]
Page 12 of 50

Q. No. 5.
(a)
In what ways accelerated method of depreciation increases the flow of cash into a Company?
(b)
At December 31, 2008 Khan Corporation reported the following as plant assets:
Particulars
Land
Building
Less: Accumulated depreciation
Equipment
Less: Accumulated depreciation
Total plant assets
(Taka)
26,500,000
12,100,000
40,000,000
5,000,000
(Taka)
3,000,000
14,400,000
35,000,000
52,400,000
During 2009 the following selected cash transactions occurred:

April 1 - Purchased land for Tk.2,200,000.
May 1 - Sold equipment that cost Tk.600,000 when purchased on January 1, 2005. The equipment
was sold for Tk.350,000.
June 1 - Sold land purchased on June 1, 1999 for Tk.1,800,000. The land cost Tk.500,000.
July 1 - Purchased equipment for Tk.1,200,000.
Dec. 31 - Retired equipment that cost Tk. 500,000 when purchased on December 31, 1999. No
salvage value was received.
Required:
(i)
Journalize the above transactions. Khan uses straight-line method of depreciation for building
and equipment. Estimated useful life of building is 40 years with no salvage value. The
equipment is estimated to have 10 years useful life and no salvage value. Update depreciation
on assets disposed of at the time of sale or retirement.
(ii)
Record adjusting entries for depreciation for 2009.
(iii) Prepare the plant asset section of Khans balance sheet at December 31, 2009.
[Marks: (5+15) = 20]
= THE END =
Page 13 of 50

SUBJECT: 102. COST ACCOUNTING.
Time: Three hours

Full Marks: 100

Q. No. 1.
(a) Show differences between Job Order Costing and Process Costing.
(b) Nipa Pharmaceuticals makes a unique heals drink using fruit extract, Vitamin and local herbs. It is
sold in can of 250 ml. One can is sold for Tk. 12. The first stage of the production process is carried
out in the Mixing department which removes foreign matters from the raw materials and mixes them
in the proper proportion. Nipa Pharmaceuticals uses the weighted average method in its process
costing system.
A report for the mixing department for December 2010 prepared by a Junior Cost Accountant
appears below:
Quantity Schedule
Units to be accounted for:
Work in process, December 1 (90% materials, 80% Conversion
Cost added last month)
30,000
Started in to production
2,00,000
Total units
2,30,000
Units accounted for as follows:
Transferred to the next department
1,90,000
Work in process, December 31 (75% materials, 60%
Conversion Cost added this month)
40,000
Total units
2,30,000
Total cost (Tk.)
Cost to be accounted for :
Work in process, December 1
98,000
Cost added during the month
8,27,000
9,25,000
Cost Reconciliation
Cost accounted for as follows:
Transferred to the next department
8,05,600
Work in process December, 31
1,19,400
Total cost (Tk.)
9,25,000
Nipa Pharmaceuticals has just been acquired by your Company and the top management of your Company
wants to know some additional information about the operation of Nipa Pharmaceuticals. As General
Manager (Costing) you are required to compute and interpret the following:
(a) What were the equivalent units for the month?
(b) What were the cost per equivalent unit for the month?
(The opening inventory consisted of the following cost: Materials Tk. 67,800 and conversion cost
Tk. 30,200. The cost added during the month consisted of materials Tk. 5,79,000 and conversion
cost Tk. 2,48,000.)
(c) How many of the units transferred to the next department were started & completed during the
month.
(d) The manager of the mixing department said that prices of material jumped from about Tk. 2.50 per
unit in November, 2010 to Tk. 3.00 per unit in December 2010. But due to his adequate managerial
control he managed to hold material cost to less than Tk. 3.00 per unit for the month of December.
Should the manager be recommended for reward for good cost control? Explain.
[Marks: (5+2+4+4+5) = 20]
Page 14 of 50

Q. No. 2.
Recently you have been appointed as Cost Accountant in Faiyaad Group. The executives of Cost Accounting
department are not professional and they are not familiar with the latest developments in Cost Accounting
System. After analyzing on-going system of Cost Accounting you have decided to introduce Activity based
costing based on the under mentioned information:
Hours Per unit
Materials cost
Production
Product
L.H
M.H
Per unit (Tk.)
Units
X
1.5
1.5
20
750
Y
1.5
1
12
1,250
Z
1
3
25
7,000
Direct labor cost Tk. 6 per hour and production overheads are absorbed on a machine hour basis. The overhead
absorption rate for the period under consideration is Tk. 28 per machine hour.
Total production overheads are Tk. 6,54,500 and further analysis shows that the total production overheads can
be divided as follows:
Set up cost
35%
Machine related cost
20%
Material handling cost
15%
Inspection cost
30%
The following total activity volume are associated with each product line for the period as a whole:
No. of setups
No. of Material movement
No. of inspection
Product
X
75
12
150
Y
115
21
180
Z
480
87
670
670
120
1,000
Required:
(a)
Prepare a brief speech to be presented by you in the upcoming meeting of Board of Directors
incorporating the advantages of Activity based costing. Outline what type of Criticism you may face in
the meeting regarding implementation of Activity based costing.
(b)
Calculate the cost per unit for each product using traditional method (absorbing overhead on the basis of
machine hours) and cost per unit for each product using ABC principles (take two decimal places for
calculation).
(c)
What may be the implication of switch to Activity based costing on pricing and profitability.
[Marks: (6+10+4) = 20]
Q. No. 3.
(a)
Define productivity. Why is productivity important to the firm, to worker, and to society?
(b)
Calculate the earning of workers A and B from the following particulars for January10 and allocate the
earnings of each to jobs X, Y and Z:
B
A
Basic wages
Tk. 100
Tk.100
Dearness Allowance (DA)
50%
55%
Provident Fund (on basic wages)
8%
8%
Employees Insurance (on basic wages)
2%
2%
Overtime work
10 hours
Idle time and leave
16 hours
The normal working hours for the month is 200 hours. Overtime is paid for at double the normal rate of Wages
plus DA. Employers contribution to Insurance and Provident Fund are at equal rates with the employees
contribution. The month contains 25 working days, and one paid holiday.
The two workers were employed on jobs X, Y and Z in the following proportion:
Workers
X
40
50
A
B
Jobs
Y
30
20
Z
30
30
Overtime was done on job Y.

[Marks: 5+ (8+7) = 20]
Page 15 of 50

Q. No. 4.
During the month, the following transactions took place in the factory of the Wekilicks Manufacturing
Company:
(a) Materials purchased on account - Tk.53,500.
(b) Materials issued during the month as follows: to fill requisitions on job orders - Tk.32,750; supplies
issued to the factory - Tk.1,700.
(c) Materials issued to complete defective units -Tk.150. (Charge to Factory Overhead Control).
(d) Freight paid for materials received - Tk.990.
(e) Materials not yet paid for were returned to the vendor during the month - Tk.185.
(f)
Materials were returned to the store room during the month as follows: from job orders - Tk.990,
from supplies issued to the factory - Tk.200.
(g) Total payroll for the month was as follows:
Recorded as liability, then paid by check to workers - Tk.44,500
Withheld for income tax - Tk.8,120.
Withheld for Hospitalization plan - Tk.1,005.
(h) Taxes were recovered at 6% of total payroll and were charged to Factory Overhead Control.
(i)
The payroll were distributed as follows: direct labour - Tk.41,500; indirect labour - balances of
payroll.
(j)
Depreciation for the month: Building - Tk.3,500, Machinery - Tk.4,500.
(k) Property taxes accrued during the month, Tk.800. Insurance expired with a credit to prepaid account
- Tk.750.
(l)
Factory overhead is charged to production at a rate of Tk.1.50 per direct labour hour. Records shows
20,000 direct labour hours used during the month. (Credit Applied Factory Overhead).
(m) Close out the over or under applied factory overhead to Cost of Goods Sold.
(n) Cost of job orders completed during the month - Tk.82,750.
(o) Goods costing Tk.75,000 were sold on account during the month at sales price of Tk.95,000.
Required: Prepare journal entries to record the transaction. (Subsidiary ledger accounts need not be
included).
[Marks: = 20]
Q. No. 5.
(a) Distinguish between:
(i)
Bin-Card and Inventory Record Card.
(ii) Periodic Inventory System and Perpetual Inventory System.
(b) Ajex company has obtained the following costs and other data pertaining to one of its materials:
Working days per year
250
Normal use per day
500 units
Maximum use per day
600 units
Minimum use per day
100 units
Lead time
5 days
Variable cost of placing one order
Tk.36
Variable carrying cost per unit per year
Tk.4
You are required to compute:
(i)
EOQ.
(ii) Safety stock (maximum).
(iii) Order point.
(iv) Normal maximum inventory.
(v) Absolute maximum inventory.
(vi) Average inventory, assuming normal lead time and usage.
[Marks: {4+4+(6X2)} = 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-50)

Q. No.1.
(a) What is Management?
(b) Describe the basic managerial roles and skills.
(c) How can a manager successfully face the contemporary management challenges?
[Marks: (5+6+5) = 16]
Q. No. 2.
(a) Why is TQM so much significant?
(b) What do you mean by operational, financial and strategic control?
(c) How would you like to control quality and cost of your product as well as productivity of your
firm?
[Marks: (5+6+5) = 16]
Q. No.3.
(a) Distinguish between a committee, a team and a group.
(b) How do you ensure successful operations of committees?
(c) Explain the nature of various types of committees.
[Marks: (5+6+5) = 16]
Q. No. 4.
(a) Distinguish between interpersonal and inter-group conflicts.
(b) Why is conflict-management significant?
(c) Discuss the ideal process of managing conflicts in the organization.
[Marks: (5+6+5) = 16]
Q. No.5.
(a) Discuss the significance of environment and culture on managing an organization.
(b) What are the responsibilities of a manager with regard to environment and culture of an
organization?
(c) Describe how to develop and nourish organizational culture.
[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-50)
Q. No.6.
(a) State some of the salient features of an effective marketing strategy.
(b) Discuss the process of developing an effective marketing strategy.
(c) Describe some of the marketing strategies for a market leader?
[Marks: (5+6+5) = 16]
Q. No. 7.
(a) What are the purposes behind SWOT analysis?
(b) State the process of effective SWOT analysis?
(c) What are the problems of SWOT analysis in Bangladesh and how these can be removed?
[Marks: (5+6+5) = 16]
Q. No. 8.
(a) Discuss branding and contrast the differences among line extensions, brand extensions, multibrands and new brand.
(b) Branding has become a major issue in product strategy-how? Explain.
(c) A brand can deliver up to 4 levels of meaning. What are they?
[Marks: (5+6+5) = 16]
Q. No.9.
(a) Discuss the pros and cons of E-business in Bangladesh.
(b) How would you assess a potential foreign market if you are interested to get access into it?
(c) Discuss the special risks involved in international business.
[Marks: (5+6+5) = 16]
Q. No.10.
(a) Discuss the methods of sales promotion.
(b) What is Target Market? What is market segmentation?
(c) Point out the advantages of Target Market and market segmentation.
[Marks: (5+6+5) = 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
These questions carry 80 marks (Part-A) and balance marks (Part-B) is for practical test (to be
taken later on).
Q. No. 1.
(a) Discuss the Enterprise Resource Planning (ERP) and process of ERP usage in manufacturing
firms. What factors are depend in a successful ERP implementation?
(b) Measure the ERP for Information Technology and the application of ICT for better decision
making in a e-Governance.
(c) Is SAP the best ERP Software? Why?
[Marks: (6+6+4) = 16]
Q. No. 2.
(a) Differentiate among LAN, WAN and MAN.
(b) How network system of an enterprise can help Management Accountant in making decision.
(c) Discuss with merits and demerits of Network based accounting software.
[Marks: (4+6+6) = 16]
Q. No. 3.
(a) What is Database and Database Management Systems?
(b) Briefly discuss elements of DBMS.
(c) Mention some commonly used Database Management Software.
[Marks: (6+6+4) = 16]
Q. No. 4.
(a) What is System Development Life Cycle (SDLC)?
(b) What is the goal of Information System (IS) planning? What steps are involved in IS planning?
(c) What is feasibility study? Name and describe the major areas of feasibility for information.
[Marks: (4+6+6) = 16]
Q. No. 5.
Writes short notes on (any four):
(a) Computer waste & mistakes.
(b) Audit trial.
(c) Web based Solution.
(d) Wimax.
(e) Internet Protocol.
(f) Information super highway.
[Marks: (4 x 4) = 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) Why does a change in accounting principle require justification in the Notes to the Financial
Statements of an organization?
(b) When outcome of a contract cannot be Estimated Reliably as per IAS-11?
(c) Gazi Water Works Co. Ltd. decides to replace an old plant with a modern one with larger
capacity. The cost of the plant when installed in 2,000 was Tk. 24,000,000, the components of
materials, labour and overheads being in the ratio of 5 : 3 : 2. It is ascertained that the costs of
materials and labour have gone up by 40% and 80% respectively. The proportion of overheads
to total cost is expected to remain the same as before.
The cost of new plant as per improved design is Tk. 60,000,000 and in addition, materials of the
old plant worth Tk. 2,400,000 have been used in the construction of the new plant. The old plant
was scrapped and sold for Tk. 7,500,000.
Required:
(i)
Determine the amount to be capitalized and the amount to be charged to revenue.
(ii) Show the journal entries.
[Marks: (4+2+9+5) = 20]
Q. No. 2.
(a) List some examples of areas for which chages in accounting estimates are often made.
(b) On 1 January 2010, Natural Oil Mills Ltd., Chittagong consigned 1,500 tins of Vegetable Oil
(each tin contains 10 kg of Oil) to Rupam Traders, Dhaka at a cost of Tk. 350 per tin. The
freight and insurance charges which amounted to Tk. 40,000 was paid by Natural Oil Mills Ltd.
In transit, 50 tins of oil were totally destroyed for which the insurance paid directly to the
consignors, Tk. 15,000 in full settlement of the claim on 15 January 2010.
Rupam Traders took delivery of the consignment on 10 January 2010 and immediately accepted
a bill drawn on them by Natural Oil Mills Ltd. for Tk. 250,000 for 3 months. On 30 June 2010
Rupam Traders reported that 1200 tins were sold @Tk. 500 per tin. Rupam Traders incurred
following expenses in relation to this consignment:
Godown rent
: Tk. 5,000
Advertisement
: Tk. 8,000
Salesman salaries
: Tk. 12,000
Electricity and water : Tk. 3,000
Rupam Traders is entitled to receive a commission of 5% plus 2.5% del credere.
Rupam Traders reported a loss of 100 kg of oil due to leakage, etc.
Assume that Natural Oil Mills Ltd. closes its books of accounts on 30 June each year and
Rupam Traders paid the amount due by bank draft.
Required: Prepare all necessary accounts in the books of Natural Oil Mills Ltd.
[Marks: (4+16) = 20]
Q. No. 3.
(a) What do you mean by Taxable Temporary Difference & Deductible Temporary Difference?
(b) What are the disclosure requirement for deferred tax pas per BAS-12?
(c) On 1 January 2009, Shatil Traders Ltd. opened a new branch at Chittagong. All goods were
purchased by Home Office and the goods sent to the Branch were invoiced at a fixed selling
price of 25% above cost. All sales, including those at Home Office, were made at the fixed
selling price.
Page 20 of 50

Q. No. 3. (Contd..)
The following trial balances were extracted from the books as on 31 December 2009:
Fixed Assets
Accounts Receivable
General Expenses
Cash at Bank
Home office stock 31 December 2008
Purchases
Branch current accounts
Home office current accounts
Good sold to Branch
Goods from Home Office
Accounts payable
Sales
Share Capital
Home Office
Dr.
Cr.
370,000
104,200
206,090
42,210
136,600
1,572,000
282,400
Chittagong Branch
Dr.
Cr.
90,000
43,100
62,840
28,160
263,400
628,300
616,300
41,900
2,800
1,306,400
574,200
736,900
2,713,500 2,713,500
840,400
840,400
When the above trial balances were extracted, no entries had been made:
(i)
In the books of the Branch, for goods invoiced at Tk. 12,000 in transit from Home Office to
branch at 31 December 2009, or
(ii) In the books of the Home Office, for cash Tk. 7,000, in transit from the Branch to Home Office
at that date.
When stock was taken at Branch on 31 December 2009, it was found that there was a shortage
amounting, at selling price, to Tk. 2,900. There was no stock shortage at Home Office.
Assume that all stocks are to be valued at cost and ignore depreciation of fixed assets.
Required: Prepare in columnar form, Home Office, Branch and Combined Income Statement if goods
sent to the Branch had been invoiced at cost, for the year ended 31 December 2009 and a Balance
Sheet of the whole business as on 31 December 2009.
[Marks: (2+3+8+7) = 20]
Q. No. 4.
(a)
How do you explain in the context of Lease Financing as per IAS-17:
(i)
Bargain Purchase Option.
(ii) Bargain Renewal Option.
(iii) Minimum Lease Payments.
(b) Teledyne Distribution Center sells its four warehouses for Tk.9,00,000 to Alam Distribution
Centers and immediately leases back the warehouses to obtain their continued use. The
warehouses had a carrying value on Teledynes books of Tk.6,00,000 (original cost
Tk.9,50,000). Other information:
(i)
The sale date is December 31, 2006.
(ii) The non-cancelable lease term is 10 years and requires annual payments of Tk.1,33,155
beginning December 31, 2006. The estimated remaining useful life of the warehouses is 10
years.
(iii) The annual rental payments (present value Tk.9,00,000) provides the less or with a 10% rate
of return on the financing arrangement. Teledynes incremental borrowing rate is 10%.
(iv) Teledyne depreciates its warehouses on a straight-line method.
Required: Journal entries in the books of both the companies for December 31, 2006 and 2007.
[Marks : {(2 +2+3)+12} = 20]
Page 21 of 50

Q. No. 5.
The following balances as at 31 December 2009 have been extracted from the books of Jiban-Pradip
Life Assurance Co. Ltd.:
Life Assurance Fund as on 1 January 2009
Annuities paid
Surrenders paid
Reserve Fund
Deposit with Central Bank
Government Securities
Loans on Companys Policies
Lease hold Ground Rent
Other Securities
Share Capital
Mortgages
Cash at Bank Current A/c
Cash at Bank - Savings A/c
Cash on hand
Furniture and Fixture
Outstanding Premium
Due from Re-insurers
Due to Re-insurers
Agents balances
Interest Outstanding
Accounts payable
Premium less re-insurance
Bonus of Policy-holders
Commission
Claims less re-insurances (on death : Tk. 4,000,000
on maturity : Tk. 5,000,000)
Consideration for annuities granted
Salaries
Directors fees
Auditors fees
Law charges
Rent paid
Other expenses of management
Interest and rent (Less taxes Tk. 600,000)
Interest accrued but not due
30,000,000
200,000
690,000
6,650,000
3,000,000
43,250,000
6,700,000
580,000
13,500,000
50,000,000
16,360,000
300,000
160,000
105,000
400,000
680,000
390,000
490,000
200,000
150,000
40,000
7,000,000
300,000
600,000
9,000,000
400,000
500,000
60,000
80,000
20,000
40,000
15,000
3,000,000
300,000
Required:
Prepare Revenue Account for the year ended 31 December 2009 and Balance Sheet as at 31
December 2009 of Jibon-Pradip Life Assurance Co. Ltd.
[Marks: (10+10) = 20]
= THE END =
Page 22 of 50

SUBJECT: 202. MANAGEMENT ACCOUNTING.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) Sunk costs are easy to spot-theyre simply the fixed costs associated with a decision. Do you
agree? Explain.
(b) From the cost records of a company for a specific period, for product X, the information given
in the first column is extracted. The second column can be ignored since it is only one of the
several projection of a cost accountant, but it may be useful to you.
This period actual
One of the future projections
Sales in units
1,00,000
2,00,000
Profit (loss)
Tk.(10,00,000)
Tk.10,00,000
Fixed costs
Tk.30,00,000
Tk.30,00,000
Variable cost per unit
Tk.80.00
Tk.80.00
On the basis of the first column, determine.
Required:
(i)
What increased sales volume is required to cover an extra attractive packaging cost of
Tk.5 per unit, to increase the sales price, to yield zero profit?
(ii) What increased sales volume is required at the present sale price, to cover an additional
publicity expense to Tk.5,00,000 for that period, while yielding a profit of Tk.5,00,000?
(iii) What increased sales volume is required to reach a profit of Tk.4,00,000 while reducing
the selling price by 3% per unit?
[Marks: (5+15) = 20]
Q. No. 2.
The sale budget of BKB Ltd. for September is as follows:
Product
Quantity
P
100
Q
200
R
400
S
100
The Standard costs of the companys products are:
P
Q
R
S
The sales for September were:
Product
Quantity
P
110
Q
180
R
420
S
98
Page 23 of 50
Selling price (Tk.)

200
150
100
300
140
120
60
200
Selling income (Tk.)
20,900
26,100
41,160
28,420

Q. No. 2. (Contd..)
You are required to
(i)
Calculate the sales margin variances for September;
(ii) Prepare a statement reconciling budget margin with actual margin and
(iii) Append brief notes on the matters which you consider should receive the attention of
management.
[Marks: (6+8+6) = 20]
Q. No. 3.
(a) Discuss the following statement: Full cost can be viewed as a floor of protection. If a firm
always sets its prices above full cost, it will never have to worry about operating at a loss.
(b) Samir Telecom Limited of Dhaka has organized a new division to manufacture and sell cellular
telephones. Monthly costs associated with the cellular phones and with the plant in which the
cellular phones are manufactured are shown below:
Manufacturing costs:
Variable costs per unit:
Direct materials
Tk.48
Variable manufacturing overhead
2
Fixed manufacturing overhead cost (total)
360,000
Selling and administrative costs:
Variable
12% of sales
Fixed (total)
Tk.470,000
Samir Telecom regards all of its workers as full-time employees and the company has a longstanding no layoff policy. Furthermore, production is highly automated. Accordingly, the
company has included in its fixed manufacturing overhead all of its labor costs. The cellular
phones sell for Tk.150 each. During September, the first month of operations, the following
activity was recorded:
Units produced
12,000
Unit sold
10,000
Required: 1. Compute the unit product cost under:
(i) Absorption costing.
(ii) Variable costing.
2. Prepare an income statement for the month using absorption costing.
3. Prepare an income statement for the month using variable costing.
4. Assume that the company must obtain additional financing in order to continue
operations. As a member of top management, would you prefer to take the
statement in (2) above or in (3) above with you as you meet with a group of
prospective investors?
5. Reconcile the net income figures in (2) and (3) above for September under
absorption costing and variable costing.
[Marks: (5+3+4+4+2+2) = 20]
Q. No. 4.
(a) We want a flexible budget because costs are difficult to predict. We need the flexibility to
change budgeted costs as input prices change. Does a flexible budget serve this purpose?
Explain.
Page 24 of 50

Q. No. 4. (Contd..)
(b)
The following particulars are available from the records of Lionel Messi and Company Limited
for two periods.
Period-i
Period-ii
Output
60,000 units
80,000 units
Cost:
Tk.
Tk.
Direct materials
1,20,000
1,60,000
Direct wages
3,00,000
4,00,000
Direct expenses
60,000
80,000
Prime cost
4,80,000
6,40,000
Overheads:
Consumable materials
15,000
20,000
Shop labour
6,000
8,000
Maintenance & repairs
8,000
10,000
Inspection
1,600
1,800
Depreciation
10,000
10,000
Insurance
5,000
5,000
Salaries
6,000
6,000
Total overheads
51,600
60,800
Total factory cost
5,31,600
7,00,800
Total production at 100% capacity is 1,00,000 units.

Prepare a flexible budget for 70% and 90% capacity.
[Marks: (5+15) = 20]
Q. No. 5.
Write short notes on
(a) Master Budget & Zero Based Budget;
(b) Fixed Cost and Sunk Cost;
(c) Common Costs and Joint Costs;
(d) Quality Control and Quality Audit.
[Marks: (4 x 5) = 20]
= THE END =
Page 25 of 50

SUBJECT: 203. COMMERCIAL & INDUSTRIAL LAWS.
Time: Three hours

Full Marks: 100
Answer FIVE questions taking at least TWO from each group A and B.
GROUP-A: COMMERCIAL LAW

Q. No. 1.
Briefly discuss the following:
(a) All agreements are not contracts but all contracts are agreements.
(b) A Contract without consideration is void.
(c) Acceptance must be given by the person to whom the proposal is made.
(d) Insurance contract are basically wagering agreements.
[Marks: (4 x 5) = 20]
Q. No. 2.
(a) No seller can give the buyer a better title of goods than he himself has Discuss. Write the
exceptions of this rule.
(b) When the property and the risks of goods passes from the seller to the buyer in a contract for
sale of goods.
(c) In what circumstances an unpaid seller can exercise his right of stoppage in transit.
[Marks: (8+8+4) = 20]
Q. No. 3.
Who are common carriers? Discuss in brief the rights and liabilities of common carriers.
[Marks: 20]
Q. No. 4.
(a) Define Arbitration. What matters can and what matters cannot be referred to arbitration.
(b) Describe the provision related to distinctiveness requisite for registration as per Trade Mark
Act-1940.
(c) Describe the law related to specification of nature of invention as per Patent and Design Act1911.
(d) Discuss the power and functions of Copy Right Board as per Copy Right Act-2000.
[Marks: (5+5+5+5) = 20]
Q. No. 5.
(a) Why are Bill of Exchange, promissory notes and cheques called Negotiable Instruments?
(b) Whats the difference between a general crossing and a special crossing?
(c) Whats the difference between Actual breach of contract and Anticipatory breach of contract?
[Marks: (7+6+7) = 20]
GROUP-B: INDUSTRIAL LAW
Q. No. 6.
(a) What are the objectives of Industrial Law? Discuss briefly its necessity in an export-oriented
industry.
(b) Briefly discuss the provisions in the Bangladesh Labour Act, 2006 for the protection of the
interest of the children.
(c) Describe the conditions of employment as per the Bangladesh Labour Act, 2006.
[Marks: (7+7+6) = 20]
Page 26 of 50

SUBJECT: 203. COMMERCIAL & INDUSTRIAL LAWS.
Q. No. 7.
(a) When does an individual dispute become an industrial dispute? How a participation committee
is constituted?
(b) An individual worker having been aggrieved by his dismissal from service intends to seek
redress. What procedures are to be followed by him?
(c) State shortly the provisions related to working hour and leave as per Bangladesh Labour Act,
2006.
[Marks: (6+6+8) = 20]
Q. No. 8.
State the provisions of health and hygiene as described in the Labour Act 2006.
[Marks: 20]
Q. No. 9.
Discuss the provision of Annual leave with wages as described in the Labour code-2006.
[Marks: 20]
Q. No. 10.
(a) Define Trade Union, discuss it objectives.
(b) Describe the requisites for registration of a Trade Union of workers.
(c) State the circumstances under which the registration of trade union can be cancelled.
[Marks: (6+6+8) = 20]
= THE END =
Page 27 of 50

SUBJECT: 204. TAXATION.
Time: Three hours
Full Marks: 100
Q. No. 1.
Write short note on:
(a) Gain Tax

(d) Fees for Technical Services
(b) Premium Tax
(c) Value Added Tax
(e) Perquisite
[Marks: (5 x 2) = 10]
Q. No. 2.
Mr. Abidur Rahman, FCA is the Chief Accountant of an industrial organization. His income and other
relevant particulars of the year ended 30th June, 2009 are as follows:
(1)
Income from Salary:

(a) Basic Salary Tk. 6,000 per month;
(b) Entertainment allowance Tk. 600 p/m;
(c) Medical allowance Tk. 200 p/m;
(d) Festival allowance is equal to two months basic pay;
(e) His contribution to a recognized provident fund is 10 percent of his basic pay, his
employer also contribute the same amount;
(f) House rent Tk. 2,000 per month;
(g) Conveyance allowance Tk. 500 per month.
(2)
Income from Securities

(a) Tk. 40,000-20% Debenture;
(b) Tk. 50,000- 15% Tax free securities;
(c) Tk. 60,000 -13.5 % Tax free commercial security.
(3) Income from House Property:

He owns a house, municipal valuation of which is Tk. 60,000. The house is let out a monthly rent of
Tk. 6,000. The expenditure of the house were:Municipal Tax Tk.5,000, Ground Rent Tk. 3,000, Repair and Maintenance Tk. 10,000
Interest on mortgage Tk. 5,000 and Fire Insurance Premium Tk. 1,000
(4)
Other Income:
(a) Income from Dividend Tk. 18,000;
(b) Interest on Savings Account Tk. 9,000;
(c) Interest on Postal Savings Account Tk. 5,000;
(d) Income from Crossword Puzzle Tk. 10,000;
(e) Profit from Islami Bank Tk. 13,500;
(f) Income from Sale of Forest Timber Tk. 82,000.
During the year he incurred the following expenditures:

Life Insurance premium Tk.10,000; Investment in a companys debenture Tk.15,000; Purchase of
Savings Certificate Tk.12,000. Purchase of Shares Tk. 14,000. Donated to Prime Ministers Relief
Fund Tk.5,000; Deposited to Pension Scheme per month Tk.500; Paid to Government Jakat Fund
Tk.5,000.
Find out the total Income and Tax liabilities of Mr. Abidur Rahman, FCA.
[Marks: 25]
Page 28 of 50

SUBJECT: 204. TAXATION.
Q No. 3.
(a) Discuss the procedure of Registration of Value Added Tax Paying Unit and Turnover Tax Unit.
(b) What are the date lines of VAT returns submission?
(c) Under what conditions Rebate (Input Tax Credit) is not allowed?
(d) VAT is an Accounts and Audit Based Taxation System- Discuss.
[Marks: (3+3+4+5) = 15]
Q No. 4.
(a) Define Drawback, under what situations drawback is not allowed?
(b) Discuss the relevant sections of search and seizure by the Customs officer?
(c) Where does Baggage Rules applicable? Mention at least five consumable items which are tax
free under baggage rule.
(d) Differentiate assessment of duty and provisional assessment of duty u/s 80 and 81 of The
Customs Act 1969.
(e) Do you support Imposition of Supplementary Duty? Why? Mr. Karim import consumable item
worth $ 5000, exchange rate @ 70 Tk. Calculate Customs Duty (CD), Supplementary Duty
(SD), Value Added Tax (VAT), Advance Income Tax (AIT). Please consider CD=25%,
SD=20%, VAT=15%, AIT=3%, 1%landing charge, 1% handling charge.
[Marks: {(3 x 4) + 8} = 20]
Q. No. 5.
(a) What is Foreign Travel Tax? Discuss the mode of levy on travel by Air, Land and Sea.
(b) Who is responsible to collect tax on travel by Air? Is there any scope to exempt or reduce such
tax?
(c) What is the procedure to get refund to Foreign Travel Tax?
[Marks: (4+3+3) = 10]
Q. No. 6.
(a) State the gifts that are exempted from Gift Tax under the Gift Tax Act. 1990.
(b) Compute taxable gifts and the amount of gift tax payable for the assessment year 2010-2011
from the following information of Mr. Ali Ahmed :(i)
Gift made to his son-in-law a house in Dhaka valued at Tk. 15,00,000 with the condition
that he will get return of Tk. 50,000 every year up to five years from his son-in-law.
(ii) Mr. Ali Ahmed opened a bank account on 1-7-2009 jointly with his son for Tk. 2, 00,000
out of his own money. An amount of Tk. 1, 25,000 was withdrawn on 1-1-2010 from the
above bank account for the marriage ceremony of his son.
(iii) Cash gifts to niece on the occasion of her marriage Tk. 60,000.
(iv) He transferred an amount of Tk. 50,000 from his bank account in U.K. to his daughters
account.
(v) Gift to widowed daughter in the expectation of death Tk. 1, 00,000.
(vi) Cash donation to brother-in-law on the occasion of his marriage Tk. 35,000.
(vii) Charity to a local mosque Tk. 25,000.
(viii) Gift of Tk. 1, 00,000 was made for the business of his eldest son.
Marks: (5+10) = 15]
Q. No. 7.
Which income is excluded as per the 6th Schedule (Part A) of the ITO 1984 in computing total income
of the following assessees:(a) Non Government Organization registered under NGO Affairs Bureau;
(b) Trust;
(c) Religious or charitable institution;
(d) Local Government;
(e) Private Educational Institution.
[Marks: 5]
= THE END =
Page 29 of 50

PROFESSIONAL LEVEL-III
SUBJECT: 301. ADVANCED FINANCIAL ACCOUNTING-II.
Time: Three hours
Full Marks: 100
Q. No.1.
The following information was extracted from the books of a limited Group as on December 31,
2009:
Particulars
A Ltd.
(Tk.)
Profit and Loss Accounts:

Balance on December 31, 2007 after Provision for dividends @ 10% in
respect of calendar year 2007 but excluding dividend received
Net trading profit earned in 2008
Less: Dividends @10 percent in 2009 in respect of calendar year 2008
Net trading profit earned in 2009 (before taking into account proposed
dividends @10 per cent in respect of calendar year 2009)
Dividends Received:
From B Ltd. in 2008
From B Ltd. in 2009
From C Ltd. in 2009
Fully paid-up Equity Shares of Tk. 1 each
Current Liabilities
Total
Fixed Assets at cost less Depreciation
Current Assents
Investments at Cost:
2,00,000 Equity Shares in B Ltd. bought on December 31, 2007
50,000 Equity Shares in B Ltd. bought on December 31, 2008
1,50,000 Equity Shares in C Ltd. bought on December 31, 2008
Total
B Ltd.
(Tk.)
C Ltd.
(Tk.)
50,000
36,000
26,000
60,000
110,000
40,000
70,000
42,000
78,000
30,000
48,000
28,000
54,000
20,000
34,000
50,000
120,000
50,000
98,000
30,000
64,000
15,000
300,000
5,000
418,000
188,000
30,000
200,000
17,000
281,000
261,000
20,000
200,000
418,000
281,000
20,000
25,000
400,000
20,000
585,000
210,000
60,000
250,000
65,000
585,000
All the companies pay dividends @ 10% on paid up share capital in March following the end of the
accounting year. The receiving companies enter the dividend in their books when the dividends are
received.
You are required to prepare:
(a) The Consolidated Balance Sheets as on December 31, 2009;
(b) Statements showing the composition of:
(i)
Consolidated Profit & Loss Account;
(ii) Minority Interest, and
(iii) Cost of Control/Goodwill.
Ignore taxation.
[Marks: (10+4+3+3) = 20]
Page 30 of 50

Q. No. 2.
(a) Explain the accountability of independent branch and head office relating to financial reporting.
(b) A merchant has a Branch in Panchagarh which is independent of Head Office. The transactions
of the Branch for the year ended 31 December 2009 are as under:
Taka
Taka
Goods supplied by Head Office
200,000
Purchase from outsiders:
Credit
155,000
Cash
30,000
185,000
Sales:
Credit
250,000
Cash
46,000
296,000
Cash received from customers
304,000
Cash paid to creditors
142,000
Expenses paid by Branch
89,500
Furniture purchased by Branch on credit
34,500
Cash received from Head Office initially
40,000
Remittance to Head Office
110,000
You are required to prepare the Branch Financial Statements and the Branch Account in the Head
Office Books on incorporation of the Branch Trial Balance in the Head Office Books, after taking the
following into consideration:
(i)
The accounts of the Branch fixed assets are maintained in the Head Office Books.
(ii) Write off Depreciation on Furniture @5% per annum.
(iii) A remittance of Tk. 20,000 from the Branch to the Head Office is in transit.
(iv) The Branch values its Closing Stock at Tk. 120,000.
[Marks: (5+15) = 20]
Q. No. 3.
(a) What are the basic features of government accounting system followed in Bangladesh? How the
system can be improved? Discuss in light of the recent developments of government accounting
system in the developed countries.
(b) What are the differences between government budget and private sector budget in terms of
features, objectives and functions?
(c) All business houses of an economy produce total goods worth Tk. 10,000 cores, of which 60%
are sold in the market and 40% to the Government. It collects Tk. 4,000 cores in various taxes
from household and Tk. 2,500 cores from business houses. Business houses distribute the after
tax earnings to various factors of production. The Government finances its purchase through
issue of bonds of which Tk. 2,500 cores are bought by household and the balance by the
Bangladesh Bank.
Prepare a set of national product accounts and a set of flow of fund accounts based on above
information.
[Marks: (5+5+10) = 20]
Q. No. 4.
(a) Explain the meaning of a temporary difference as it relates to deferred tax computations and
give two examples.
Page 31 of 50

Q. No. 4. (Contd..)
(b)
Paradise Ltd. has a deferred tax asset account with a balance of Tk. 150,000 at the end of 2008
due to a single cumulative temporary difference of Tk. 375,000. At the end of 2009 this same
temporary difference has increased to a cumulative amount of Tk. 450,000. Taxable income for
the year 2009 is Tk. 820,000. The tax rate is 40% for all years. No valuation account related to
the deferred tax asset is in existence at the end of 2008.
Required:
(i)
Record income tax expense, deferred income taxes and income tax payable for the year 2009,
assuming that it is more likely than not that the deferred tax asset will be realized.
(ii)
Assuming that more likely than not Tk. 30,000 of the deferred tax asset will not be realized.
Prepare the journal entry at the end of 2009 to record the valuation account.
[Marks: {5+(10+5)} = 20]
Q. No. 5.
(a) Is IAS 33: Earnings Per Share mandatory for all entities in Bangladesh?
(b) What is the formula calculating Earning Per Share (EPS)?
(c) On 1 January 2009 an entity had in issue 4,000,000 ordinary shares at Tk. 1 each and Tk.
5,000,000 of 7% convertible shares redeemable loan stock, on which the conversion terms
were:
On 31 December 2012 : 40 ordinary shares for each Tk. 125 of loan stock
On 31 December 2013 : 40 ordinary share for each Tk. 130 loan stock
On 31 December 2014 : 40 ordinary shares for each Tk. 135 of loan stock
The liability component of the convertible redeemable loan stock was carried in the balance sheet on 1
January 2004 at Tk. 4,800,000 and the effective rate of return @ 8.5%. The company pays tax at the
rate of 20%.
The Profit attributable to the ordinary shareholders for the year ended 31 December 2009 was Tk.
1,000,000.
Calculate the basic and diluted EPS for the year ended 31 December 2009.
[Marks: (4+4+12) = 20]
= THE END =
Page 32 of 50

SUBJECT: 302. ADVANCED COST ACCOUNTING.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) How load shedding in the electricity distribution system effects Standard Costing measures?
(b) South East Company chose a denominator activity for its yearly operation of 40,000 direct
labor-hours. According to the companys flexible budget, the following manufacturing
overheads costs should be incurred at this activity level:
Variable overhead costs
Fixed overhead costs
Tk.72,000
Tk.3,60,000
The company produces a single product that requires 2.5 hours to complete. The direct labor
rate is Tk.6 per hour. Eight yards of material are needed to complete one unit of product; the
material has a standard cost of Tk.4.50 per yard. Overhead is applied to production on the basis
of direct labor-hours.
Required:
(1) Compute the predetermined overhead rate. Break the rate down into variable and fixed cost
elements.
(2) Prepare a standard cost card for one unit of product using the following format:
Direct materials, 8 yards at
Direct labor
Variable overhead
Fixed overhead
Standard cost per unit
Tk.4.50
?
?
?
Tk.36
?
?
?
Tk. ?
(3)
Assuming that during the year actual activity is as follows:

Number of units produced
11000
Actual direct labor hours worked
33000
Actual fixed overhead cost incurred
Tk.361000
Compute the fixed overhead budget and volume variances for the year.
(4) Disregard the data in (3) above. Assume instead that actual activity during the year is as
follows:
Number of units produced
20000
Actual direct labor-hours worked
52000
Actual fixed overhead costs incurred
Tk.361800
Compute the fixed overhead budget and volume variances for the year.
[Marks: {4+(4x4)} = 20]
Q. No. 2.
(a) How a cost accountant could give his affort in share market transactions?
(b) In June 2010 you purchased 600 shares of Tk.100 each of ABC Limited at a cost of
Tk.2,356,088 which includes trade commission and 3 months interest on margin loan.
Page 33 of 50

Q. No. 2. (Contd..)
In September 2010 you got a stock divided @30% for the year ended on 30.06.2010.
Year ending of XYZ Limited is 31.12.2010 and market price of their share presently is Tk.314
only.
You are anticipating that this price shall be increased by Tk.200 within three months while last
year it was Tk.4,550 only and accordingly you have sold out ABCs share @Tk.3,795 and
invested full proceeds to XYZs share taking in to consideration that in the both cases of buy or
purchase trade commission is @0.40% and marjin loan interest is @16.00% and Margin Loan is
allcable @60% of equity which availed in both the cases, one quarter interest may be
considered.
Question not covered requirement if any please follow the existing rules of related regulatory
body.
Required:
(a) An income statement showing the profit if last years maximum price is heat.
(b) An income statement showing the profit after selling of XYZs share.
(c) Maximum price of ABCs share, if hold, required to realize the profit after selling of XYZs
share.
[Marks: {(5+(3x5)} = 20]
Q. No. 3.
(a) What general principles should be observed in planning a system of control for marketing
expense?
(b) Padma Food Inc., a grocery chain consisting of these stores, operates in a state that permits each
of its municipalities to levy and income tax on corporations operating with their respective city
limits. This legislation establishes a uniform tax rate that may be levied by the municipality.
Regulations also provide that the tax is to be computed on income derived within taxing
municipality after a reasonable and consistent allocation of general overhead expenses, which
include warehouse, central office, advertising, and delivery expenses. General overhead
expenses have not been allocated previously to Padmas stores.
Each municipality in which Padma operates a store has levied the corporate income tax as
provided by state legislation, and management is considering tow plans for allocating general
overhead expenses to each store.
General overhead expenses for the year were as follows:
Delivery and warehousing expenses:
Delivery expenses
Warehouse operations
Warehouse depreciation
Central office expenses:
Advertising
Central office salaries
Other central office expense
Total general overhead expense
Tk.40000
Tk.30000
Tk.20000
Tk.18000
Tk.37000
Tk.28000
Tk.90000
Tk.83000
Tk.173000
Additional information:
(a)
One fifth of the warehouse space is used to house the central office, and depreciation of this
space is included in the other central office expense. Warehouse operating expenses vary with
the quantity of merchandise sold.
Page 34 of 50

Q. No. 3. (Contd..)
(b)
(c)
(d)
All advertising is prepared by the central office and is distributed in the areas in which stores
are located.
As each store was opened, the fixed portion of central office salaries increased by Tk.7000,
while other central office expense increased by Tk.2500. Basic fixed central office salaries were
Tk.10000 and the basic fixed other central office expense was Tk.12000. The remainder of
central office salaries and the remainder of other central office expense vary with sales.
The delivery expense varies with the distance and the number of deliveries. The distances form
the warehouse to each store and the number of deliveries made during the year were:
Store
Buriganga
Karnaphuli
Zamuna
Miles
120
200
100
Number of Deliveries
140
64
104
The years operating results, before deducting general overhead expense and the tax for
store, were:
Store
Buriganga
Karnaphuli
Zamuna
(Taka)
(Taka)
(Taka)
Net sales
416000
353600
270400
Less cost of goods sold
215700
183300
140200
200300
170300
130200
Gross Profit
Less other local operating expenses:
Fixed
60800
48750
50200
54700
64220
27448
Variable
Total
115500
112970
77648
Operating income before general
Overhead and income tax
84800
57330
52552
each
Total
(Taka)
1040000
539200
500800
159750
146368
306118
194682
Required:
(1) Under each of the following allocation plans, compute the operating income for each store that
would be subject to the municipal tax levy on corporation income:
Plan 1 : Allocate all general overhead expenses on the basis of sales volume.
Plan 2 : First, allocate central office salaries and the other central office expense equally to
warehouse operations and to each store.
Second, allocate the resulting warehouse operations expense, warehouse depreciation,
and advertising to each store on the basis of sales volume.
Third, allocate delivery expense to each store on the basis of delivery miles multiplied
by number of deliveries.
(b) Formulate a management decision to determine which store should be selected for expansion in
order to maximize corporate profits. This expansion will increase Padmas sales by Tk.60000
and its local fixed operating expense by Tk.7500, and it will require ten additional deliveries
from the warehouse.
[Marks: (4+8+8) = 20]
Page 35 of 50

Q. No. 4.
(a) How may the revenue from the sale of by-products be shown on the income statements?
(b) Are by-products ever charged with any cost? Explain.
(c) Padma Chemical Company manufactures several products in its three departments:
(i)
In Department 1, the raw materials amanic acid and bonyl hydroxide are used to produce
Amanyl, Bonanyl, and Am-Salt. Amanyl is sold to others, who use it as a raw material in
the manufacture of stimulants. Bonanyl is not salable without further processing.
Although Am-Salt is a commercial product for which there is a ready market, the
company does not sell this product, preferring to submit it to further processing.
(ii) In Department 2, Bonanyl is processed into the marketable product, Bonanyl-X. The
relationship between Bonanyl used and Bonanyl-X produced has remained constant for
several months.
(iii) In Department 3, Am-salt and the raw material colb are used to produce Colbanyl, a liquid
propellant. As an inevitable part of this process, Demanyl is also produced. Demanyl was
discarded as scrap until discovery of its usefulness as a catalyst in the manufacture of glue.
For two years, Madison has been able to sell all of its Demanyl Production.
In its financial statements, the company states inventory at the lower of cost (on the first-in, first-out
basis) or market. Until costs of the items most recently produced must therefore be computed. The
cost allocated to Demanyl is computed so that after allowing Tk.0.04 per pound for packaging and
selling costs, no profit or loss will be recognized on sales of this product.
Raw materials
Amanic acid
Bonyl hydroxide
Colb
Pound Used
6300
9100
5600
Total Cost (Tk.)

5670
6370
2240
Conversion costs (labor and factory overhead)
Total Cost
(Tk.)
33600
3306
22400
Department 1
Department 2
Department 3
Pounds
produced
Inventories in Pounds
September October 31
30
Sales price
per Pound
(Taka)
6.65
6.30
4.20
43.00
0.54
Amanyl
3600
Bonanyl
2800
210
110
Am-Salt
7600
400
600
Bonanyl-X
2755
Colbanyl
1400
Demanyl
9800
Required:
Prepare schedules for the following items for October, with supporting computations prepared in good
form and answers rounded to the nearest Taka:
(1) Cost per pound of Amanyl, Bonanyl, and Am-salt produced, using the market or sales value method.
(2) Cost per pound of Amanyl, Bonanyl, and Am-Salt produced, using the average unit cost method.
(3) Cost per pound of Colbanyl produced, assuming that the cost per pound of Am-salt produced was
Tk.3.45 in September and Tk.3.55 in October.
[Marks: {4+4+(3x4)} = 20]
Page 36 of 50

Q. No. 5.
(a) Rahul Limited uses perpetual inventory costing for inventory Item 407, which it purchases for
resale. The company began its operations on January 1 and is in the process of preparing its first
financial statements.
Upon examining the inventory ledger and other accounting records, the following information was
gathered pertaining to the first four months of operations:
Purchases
Units
Cost per Unit (Tk.)
2000
5
1200
6
1500
8
1900
7
Sales
Units
January 15
500
January 31
700
February 15
600
February 28
900
March 15
600
March 31
800
April 15
700
April 30
700
On April 30, the following additional information was obtained:
(a) Current replacement cost, Tk.6.50 per unit.
(b) Net realizable value, Tk.8.00 per unit.
(c) Net realizable value reduced by a normal profit margin, Tk.5.00 per unit.
Management has decided the following inventory costing methods should be selected to evaluate the cost
of goods sold:
(a) First-in, first-out method.
Required:
(i)
Prepare the perpetual inventory ledger for Item 407, using the above methods.
January 2
February 2
March 2
April 2
(ii)
Prepare a statement showing the effect of such method on gross profit. The sales price is Tk.10 per unit.
(iii)
Prepare the necessary adjusting journal entry under such inventory costing methods, assuming that
the company decides to show its April 30 inventory at the lower of cost or market.
(b) Payson Company produces a product that passes through two departments: Mixing and Cooking.
Both departments use the weighted average method. In the Mixing Department, all materials are
added at the beginning of the process. All other manufacturing inputs are added uniformly. The
following information pertains to the Mixing Department for February:
(i)
Beginning work in process (BWIP), February 1: 100000 pounds, 100 percent complete with
respect to materials and 40 percent complete with respect to conversion costs. The costs
assigned to this work are as follows:
Materials
Tk.20,000
Labor
Tk.10,000
Overhead
Tk.30,000
(ii) Ending work in process (EWIP), February 28: 50000 pounds, 100 percent complete with respect
to materials and 60 percent complete with respect to conversion costs.
(iii) Units completed and transferred out: 370000 pounds. The following costs were added during the
month:
Materials
Tk.2,11,000
Labor
Tk.1,00,000
Overhead
Tk.2,70,000
Required:
(1) Prepare a physical flow schedule.
(2) Prepare a schedule of equivalent units.
(3) Compute the cost per equivalent unit.
(4) Compute the cost of goods transferred out and the cost of ending work in process.
(5) Prepare a cost reconciliation.
[Marks: (10+10) = 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.
(a) Is there any minimum & maximum number of shareholders to form a Private and Public
Limited Company. If so state the numbers.
(b) In what circumstances office of a director can be treated as vacant?
(c) State the provisions of the Companies Act-1994 regarding appointment of Managing Director.
[Marks: (6+7+7) = 20]
Q. No. 2.
(a) State the proper date & time for holding different kinds of meeting in the case of a newly
registered Public Limited Company.
(b) How and why a Director can be removed?
(c) What is the time frame stated in Companies Act-1994 for filling the copies of special and extra
ordinary resolution? What is the penalty for default?
[Marks: (6+6+8) = 20]
Q. No. 3.
(a) Under what circumstances a company may be wound up by court or voluntarily?
(b) State the provisions to apply for winding up by court.
(c) What are the duties and powers of the inspection committee in respect of compulsory winding
up?
[Marks: (7+7+6) = 20]
Q. No. 4.
(a) Is there any necessity of renewing the company every year with RJSC? If so, how this could be
done?
(b) Is there any process of issuing shares without listing?
(c) What is Delisting? What are the consequences of delisting of a company?
[Marks: (6+7+7) = 20]
Q. No. 5.
Write short notes on any 4 (four) of the following:
(a)
Office of profit.
(b)
Official Liquidator.
(c)
Resolution by circulation.
(d)
One Man Meeting.
(e)
Statutory General Meeting.
(f)
Responsibility of the Director in case of loss of a company.
[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)
Do you think that SEC is performing their duties properly as a regulatory body of the capital
market of Bangladesh? Justify your opinion.
(b)
What are the practices in disposal of fractional share?
(c)
According to the Securities and Exchange Ordinance-1969, what are the rules for listing of
securities?
[Marks: (7+6+7) = 20]
Q. No. 7.
Describe the duties and responsibilities of a company secretary in the following areas:
(i)
Listing procedure with Stock Exchange
(ii)
Periodical reporting to SEC & Stock Exchange
(iii) Dissemination of price sensitive information

(iv)
Issuance of duplicate share certificate in case of loss of shares.

[Marks: 20]
Q. No. 8.
(a)
What is the requirement of Companies Act-1994 regarding submission of annual accounts with
the registrar of joint Stock Companies?
(b)
What are the consequences for the following defaults?

(i) Default in holding AGM within the stipulated time
(ii) Default in holding statutory meeting and forwarding statutory report to the members and
registrar.
Who are responsible for the above defaults?
[Marks: (8+12) = 20]
= THE END =
Page 39 of 50

SUBJECT: 304. AUDITING.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) An auditor of a company is, sometimes, described as an agent of the shareholders,
(b)
(c)
sometimes, as an officer of the company, still, essentially, he is an independent reviewer

and is expected to play fair Discuss.
On being appointed as an auditor of a limited company, what steps should you take to
ensure that your appointment is in order.
Can an auditor be removed from his office before the expiry of his term? If so, what
procedures are to be followed in this regard? What are the rights of an auditor who is
sought to be removed?
[Marks: (8+5+5) = 18]
Q. No. 2.
(a) An effective and adequate internal control system of an organization may reduce the risk and
liabilities of an auditor. Do you agree with the statement? Why or why not briefly explain?
(b) Who will be responsible for implementation of Internal control system? Describe the
significance of Internal control system.
[Marks: 6+6 = 12]

Q. No. 3.
(a) List four advantages of audit for an organization other than the compliance with the legal
requirements.
(b) Why should the auditor acquire Knowledge of the business of his client and how can he obtain
it?
(c) What do you mean about Debtor circularization and Debtors age analysis? Why debtors
circularization and age analysis are essential during the time of audit?
[Marks: 4+4+4 = 12]
Q. No. 4.
What do you mean by Management representation? Do you think that Management representation
will reduce the risk and responsibility of an auditor? Write briefly infavour of your answer.
[Marks: 10]
Q. No. 5.
(a) ISA 620- Using the work of an Expert: Explain how an auditor may use an expert to obtain
audit evidences. Write briefly the factors which an auditor should consider when assessing the
competence and objectivity of the expert.
(b) ISA 570 Going Concern provides guidance to auditors in respect of ensuring that an entity can
continue as a going concern. Define Going Concern and explain the actions that an auditor
should carry out to ascertain whether an entity is a going concern or not.
[Marks: 8+8 = 16]
Page 40 of 50

SUBJECT: 304. AUDITING.
Q. No. 6.
(a) In presenting the draft financial statements of a company of which you are the auditor,
you are informed that no provision has been made in accounts for depreciation of plant
and machinery since the directors consider that:
(i) The amount of depreciation already written off earlier has been excessive;
(ii) The market value of such assets is much in excess of its present book value;
(iii) The current years profit is insufficient to cover provision for further depreciation.
Draft a letter to the Board of Directors of the company giving your views on each point.
(b) What do you mean by post balance sheet events? Cite 2 (Two) examples. How are such
events dealt with by the auditors?
[Marks: {(3 x 3) + 6} = 15]
Q. No. 7.
(a) Define materiality. What factors should be considered by an auditor in judging
(b)
materiality of an item?
How would you verify the following items in course of conducting your audit:
(i) Goodwill,
(ii) Free hold property,
(iii) Preliminary Expenses.
(iv) Plant & machinery.
[Marks: 5+ (4 x 3) = 17]
= THE END =
Page 41 of 50

PROFESSIONAL LEVEL-IV
SUBJECT: 401. FINANCIAL MANAGEMENT.
Time: Three hours

Full Marks: 100

Q. No. 1.
(a) Where the Firms have no Operating Fixed Cost. There have no Operating Leverage. Explain.
(b) The capital structure of Nesha Company Ltd. is composed of ordinary shares capital of
Tk.200,000 (2,000 shares of Tk.100 each) and 15% debt capital of Tk.200,000. Corporate tax
rate of the company is 40%. The operational data of the company for the year 2009 are as
follows:
Sales 20,000 units @Tk.10 each.
Variable costs are @Tk.4 per unit.
Fixed cost of Tk.70,000.
Due to increased demand for the products in the markets the management planned to increase the
production and sales of the company be phase.
On the basis of the above data you are required to calculate(i)
Operating leverage, Financial leverage and Combined leverage.
(ii) The impact of planning to increase sales by 20% and 40%.
[Marks: (5+9+6) = 20]
Q. No. 2.
Nedwen Co. is a UK-based company which has the following expected transactions:
One month
: Expected receipt of $ 240,000
One month
: Expected payment of $ 140,000
Three month : Expected receipt of $ 300,000
The finance manager has collected the following information:
Spot rate ($ Per )
: 1.7820 0.0002
One month forward rate ($ Per )
: 1.7829 0.0003
Three month forward rate ($ Per ) : 1.7846 0.0004
Money market rates for Nedwen Co.:
Borrowing
Deposit
One year sterling interest rate
4.9%
4.6
One year dollar interest rate
5.4%
5.1
Assume that it is now 1 April
Required:
(a) Discuss the differences between transaction risk, translation risk and economic risk.
(b) Explain how inflation rates can be used to forecast exchange rates.
(c) Calculate the expected sterling receipts in one month and in three months using forward market.
(d) Discuss how sterling currency contracts could be used to hedge three-month dollar receipt.
[Marks: (5+5+5+5) = 20]
Q. No. 3.
Coaxal Co. is a listed company that plans to spent Tk. 10 m on expanding its existing business. It has
been suggested that the money could be raised by issuing 9% loan notes redeemable in ten years
time. Current financial information on Coaxal Co. is as follows:
Page 42 of 50

Q. No. 3. (Contd.)
Income statement information for the last year:
Profit before interest and tax
Interest
Profit before tax
Tax (30%)
Profit for the period
Balance sheet for the last year
Non-current assets
Current assets
Total assets
Equity and liabilities
Ordinary shares, par value Tk. 1
Retained earnings
Tk. 000
Tk. 5,000
22,500
Tk. 000
7,000
(500)
6,500
(1,950)
4,550
Tk. 000
20,000
20,000
40,000
27,500
10% loan notes

5,000
9% preference shares par value Tk. 1
2,500
Total non-current liabilities
7,500
Current liabilities
5,000
Total equity and liabilities
40,000
The current ex-div ordinary share price Tk. 4.50 per share. An ordinary dividend of 35 percent per
share has just been paid and dividends are expected to increase by 4% per year for the foreseeable
future. The current ex-div preference share price is Tk.0.0762. The loan notes are secured on the
existing non-current assets of Coaxal Co. and are redeemable at par in eight years time. They have
current ex interest market price of Tk. 105 per Tk. 100 loan note. Coaxal Co. pays tax on profits at an
annual rate 30%.
The expansion of business is expected to increase profit before interest and tax by 12% in the first
year. Coaxal Co. has no overdraft.
Average sector ratios:
Financial gearing
: 45% (prior charge capital dividend by equity capital on a book value basis)
Interest coverage ratio : 12 times
Required:
(a) Calculate the current weighted average cost of capital of Coaxal Co.
(b) Discuss whether financial management theory suggests that Coaxal Co. can reduce its weighted
average cost of capital to a minimum level.
(c) Evaluate and comment on the effects, after one year, of the loan note issue and expansion of
business on the following ratios:
(i)
interest coverage ratio;
(ii) financial gearing;
(iii) earnings per share
Assume that the dividend growth rate of 4% is unchanged.
[Marks: (4+8+8) = 20]
Page 43 of 50

Q. No. 4.
(a) What are the assumption of CAPM? Are these assumptions realistic?
(b) From the following information, calculate portfolio return and portfolio risk:
Security
Return
Standard deviation
Weight
Co-efficient
of return
correlation
P
10%
7%
0.35
P&Q = 0.7
Q
16%
16%
0.26
Q&R = 0.3
R
12%
9%
0.40
R&P = 0.4
Suppose that you already hold many securities and are now considering investing in the following
four additional ones:
Security
Expected Standard deviation

Co-efficient
Return
W
15%
10%
0.8
X
18%
15%
1.0
Y
19%
20%
1.1
Z
21%
21%
1.5
The risk free rate is 10% and the excess of the market return over risk free rate is 8% where do you
invest and why?
(c) Why standard deviation though considered perfect as a theoretical tool to analyse risk and
return on investment, may not hold good always in practical term.
[Marks: (8+6+6) = 20]
Q. No. 5.
A Company is considering two mutually exclusive projects. Both require an initial cash out lay of Tk.
10,000 each and have life of five years. The Companys required rate of return is 10% and pay tax at a
50 percent rate. The project will be depreciated on a straight line basis. The before tax cash flows
expected to be generated by the project are as follows:
Before tax cash flows (Tk.)
Projects
1
2
3
4
5
A
4000
4000
4000
4000
4000
B
6000
3000
2000
5000
5000
Required:
(a) Calculate for each project
(i)
Pay back period
(ii) the average rate of return (ARR)
(iii) the Net Present Value (NPV) and Profitability Index (PI)
(iv) the Internal Rate of Return (IRR).
(b) Which project should be accepted and why?
[Marks: (4 x 4+4) = 20]
= THE END =
Page 44 of 50

SUBJECT: 402. STRATEGIC MANAGEMENT ACCOUNTING.
Time: Three hours
Full Marks: 100
Q. No. 1.
(a) Explain how a managers risk aversion can affect decision making and how compensation plans
should be designed to deal with risk aversion.
(b) From a financial reporting standpoint, what form of compensation is most desirable to the firm?
(c) What is the basic assumption of the learning curve? List some managerial application of
learning curves in the planning and controlling of business operations.
[Marks: {6+6+(6+7)} = 25]
Q. No. 2.
Excel Ltd. manufactures several different products. One of the principal products sells for Tk. 20 per
unit. The Sales Manager of Excel Ltd. has stated repeatedly that he could sell more units of this
product if those were available. To substantiate his claim, he conducted a market research study at a
cost of Tk. 35,000. The study indicated that Excel Ltd. could sell 18,000 units of this product annually
for the next five years.
The equipment currently in use has the capacity to produce 11,000 units annually. The variable
production costs are Tk. 9 per unit. The equipment has a value of Tk. 60,000 for tax purposes and a
remaining useful life of five years. The salvage value of the equipment is negligible now and will be
zero in five years.
A maximum of 20,000 units could be produced annually on the new machinery which can be
purchased. The new equipment costs Tk. 2,50,000 and has an estimated useful life of five years with
no salvage value. The Production Manager estimates that the new equipment would provide increased
production efficiencies that would reduce the variable production costs to Tk. 7 per unit.
Excel Ltd. uses straight line depreciation on all of its equipment. The firm is subject to a 35 per cent
tax and its after-tax cost of capital is 15 per cent.
The Sales Manager felt so strongly about the need for additional capacity that he attempted to prepare
an economic justification for the equipment although this was not one of his responsibilities. His
analysis, presented below, disappointed him because it did not justify acquiring the equipment.
Purchase price of new equipment
Disposal of existing equipment:
Loss on disposal
Less tax benefit (o.35)
Cost of market research study
Total investment
Contribution margin from product:
Using the new equipment [18,000 x (Tk. 20-7)]
Using the existing equipment [11,000 x (20-9)]
Increase in contribution
Less: Depreciation
Increase in before tax income
Less: Income tax (0.35)
Increase in income
Less Cost of capital on the additional investment required (Tk.
3,24,000 x 0.15)
Net annual return of proposed investment in new equipment
Page 45 of 50
Tk. 2,50,000
Tk. 60,000
(21,000)
39,000
35,000
3,24,000
2,34,000
1,21,000
1,13,000
50,000
63,000
22,050
40,950
48,600
(7,650)

Q. No. 2. (Contd..)
The Controller of Excel Ltd. plans to prepare a discounted cash flow analysis for this investment
proposal. He has asked you to prepare corrected calculations of: (a) the required investment in new
equipment, (b) the recurring annual cash flows and also asked for (c) your recommendation on the
basis of above information and assuming 25 per cent depreciation on the block assets to which the
machine belongs.
[Marks: (7+8+10) = 25]
Q. No. 3.
AngoJad Corporation, headquartered in Caymon Islands, manufactures state of the art milling
machines in the Big Caymon. It has two marketing subsidiaries, one in Brazil and one in Switzerland
that sell its products. AngoJad is building one new machine, at a cost of Tk.500,000. There is no
market for the equipment in the Caymon Islands. The equipment can be sold in Brazil for
Tk.1,000,000 but the Brazilian subsidiary would incur transportation and modification cost of
Tk.200,000. Alternatively, the equipment can be sold in Switzerland for Tk.950,000, but the Swiss
subsidiary would incur transportation and modification cost of Tk.250,000. The Caymon Company
can sell the equipment to either its Brazilian subsidiary or its Swiss subsidiary but not to both. The
AngoJad Corporation and its subsidiary companies operate in a very decentralized manner. Managers
in each company have considerable autonomy, with managers interested in maximizing their own
companys income. The effective corporate tax rates in the three countries are as follows:
Country
Caymon Islands
Brazil
Switzerland
Tax rates
40%
60%
15%
Required:
(a) From the view point of AngoJad and its subsidiary taken together, should AngoJad Corporation
manufacture the equipment? If it does, where should it sell the equipment to maximize total
operating income? What would the operating income for AngoJad and its subsidiaries be from
the sale? Ignore any income tax effects.
(b) What range of transfer prices will result in achieving the actions determined to be optimal in
requirement (a)? Explain your answer.
(c) The tax authorities in the three countries are uncertain about the cost of intermediate product
and will allow any transfer price between Tk.500,000 and Tk.700,000. If AngoJad and its
subsidiaries want to maximize after tax operating income(i)
Should the equipment be manufactured? And
(ii) Where and at what price should it be transferred and sold? Show computations.
[Marks: (7+8+10) = 25]
Q. No. 4.
(a) Briefly discuss how activity-based budgeting might be introduced into a manufacturing
organization.
(b) Green planet Products Inc. has two divisions: Earth and Water. The following data is available
for the Water division and the single product it produces:
Selling price per unit
Tk 30
Variable cost per unit
18
Annual fixed costs
320,000
Investment in Water division
2,100,000
Page 46 of 50

Q. No. 4. (Contd..)
Unless otherwise stated, the following parts of the question are independent from each other.
Required:
(i)
Calculate how many units the Water division must sell each year to achieve a return on
investment (ROI) of 16%.
(ii) If the Water division has a residual income of Tk42,500 and the cost of capital is 15%, calculate
the corresponding return on investment (ROI). Briefly explain why the ROI is different from the
cost of capital.
(iii) Assume the Water division has a budgeted volume of 75,000 units for next year, of
which15,000 units are expected to be purchased by the Earth division. However, the Earth
division has received an offer from an external firm to supply these 15,000 units at Tk28 each.
If the Water division fails to meet the Tk28 price, the Earth division will buy from the external
firm. If the Water divisions volume drops to 60,000 units, the Water division would save
Tk35,000 in fixed costs. Assuming that the Water division meets the Tk28 price, determine the
Water divisions annual profit.
(iv) Assuming that the Water division does not accept the Tk28 price, determine the effect on the
total profit of Green planet Products. Explain how you would deal with the manager of the
Water division if his refusal leads to a decrease in profit for the company as a whole.
[Marks: {5+ (5 x 4)} = 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 any TWO questions from group-B.
All questions carry equal marks.
PART-A: STRATEGIC MANAGEMENT
Q. No. 1.
(a) What is strategy and what is strategic management?
(b) Explain the concept of strategic intent.
(c) Describe the strategy of global synergies.
[Marks: (8+7+5) = 20]
Q. No. 2.
(a) Describe the significance of strategic alliance.
(b) Explain the pros and cons of strategic alliance.
(c) Discuss the clues to successful joint venture with a foreign partner.
[Marks: (5+7+8) = 20]
Q. No. 3.
(a) Discuss the factors responsible for successful entrepreneurship in Bangladesh.
(b) Describe probable entrepreneurial start-up and growth strategies.
(c) Identify the problems faced by new generation entrepreneurs in Bangladesh.
[Marks: (8+7+5) = 20]
Q. No. 4.
(a) What is meant by competitive strategy?
(b) How is it decided upon for a company?
(c) Discuss the five generic competitive strategy of Professor Michael Porter.
[Marks: (4+6+10) = 20]
Q. No. 5.
Discuss any four of the following:
(i)
Strategy and Entrepreneurship.
(ii) Strategic Vision and Strategic Mission.
(iii) Company Competence and Competitive Capability.
(iv) Unbundling and Outsourcing.
(v) Joint Venture and Strategic Partnership.
(vi) Strategic Objectives and Financial Objectives.
[Marks: (5 x 4) = 20]
Page 48 of 50

SUBJECT: 403. STRATEGIC MANAGEMENT AND ORGANIZATIONAL BEHAVIOR.
PART-B: ORGANIZATIONAL BEHAVIOR
Q. No. 6.
(a) Why is change management significant in an organization?
(b) Describe the common resistance to change.
(c) Discuss the process of effective change management.
[Marks: (4+6+10) = 20]
Q. No. 7.
(a) Why is it necessary to bring about organizational change?
(b) Indicate the probable causes for resistance to organizational change.
(c) Describe the approaches to manage change.
[Marks: (5+7+8) = 20]
Q. No. 8.
(a) Explain the Five-stage model of group development. Give example.
(b) What is deviant workplace behavior? Explain with example.
(c) Discuss the group decision making techniques managers use in todays organization.
[Marks: (10+5+5) = 20]
Q. No. 9.
(a) What do you mean by customer responsive culture and spiritual organizational culture?
(b) What role a management accountant can play in creating customer responsive culture?
(c) Discuss the process of conflict negotiation.
[Marks: (5+8+7) = 20]
= THE END =
Page 49 of 50

SUBJECT: 404. COST AND MANAGEMENT AUDITING.
Time: Three hours
Full Marks: 100
PART A: COST AUDITING (MARKS-50)

Q. No. 1.
(a) What do you understand with the term Professional Ethics in relation to the cost audit?
(b) What points should be considered while planning for cost audit of a new industry?
(c) How does Cost Audit helps the following stakeholders of a commercial organization:
(i) Management, (ii) Shareholders, (iii) Government, (iv) Consumers.
[Marks: (5+5+8) = 18]
Q. No. 2.
(a) Briefly explain the term audit risk along with its components?
(b) What is the importance of risk analysis? What are the key areas which guides to assess the risk
properly?
(c) How the audit risk can be minimized?
[Marks: (3+6+6) = 15]
Q. No. 3.
(a) Do you think that Cost Audit can be implemented in (i) Trading organization (ii) Hospital and
(iii) Power Plant?
(b) What is the importance of reconciliation of financial accounting and cost accounting records?
Explain.
(c) Do you think cost audit should be mandatory in manufacturing organization?
[Marks: (8+6+3) = 17]
PART B: MANAGEMENT AUDITING (MARKS-50)
Q. No. 4.
(a) What questions would you consider in evaluating operational management capabilities?
(b) As Management Auditor of ABC Ltd., write your report to the Board on your findings of the
following facts:(i)
Non compliance with internal control policy established for supply chain system.
(ii) Increase of abnormal wastage in the production process.
(iii) Non availability of long-term finance policies with finance department.
(iv) Unplanned training schedule of HR department.
[Marks: (6+8) = 14]
Q. No. 5.
(a) Explain how the following affects establishment of corporate governance in an organization:
(i)
Professional and ethical standards.
(ii) Professional competence.
(iii) Independence.
(iv) Corporate culture.
(b) What is the importance of management audit report? Prepare an outline of a management audit
report.
[Marks: (12+8) = 20]
Q. No. 6.
(a) What do you understand by the term Corporate Social Responsibility?
(b) In the current scenario of Bangladesh, what are the demanding functional areas which should be
brought into the umbrella of CSR to have a rapid change in socio-economic environment?
[Marks: (6+10) = 16]
= THE END =
Page 50 of 50

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THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

CMA DECEMBER, 2010 EXAMINATION

Full Marks: 100

CMA DECEMBER, 2010 EXAMINATION

CMA DECEMBER, 2010 EXAMINATION

(i) What is an accounting information system?

Cost of the plant (as per suppliers invoices plus taxes)

Initial delivery and handling costs

Cost of site preparation

Interest charges paid to supplier of plant for deferred credit

Estimated dismantling costs to be incurred after 7 years

Operating losses before commercial production

[Marks: (3+4+3+3+12) = 25]

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

PART-A: BUSINESS MATHEMATICS

If y = 7 (cosx) (logx) + 3 cosecx +

CMA DECEMBER, 2010 EXAMINATION

[Marks: (4+6) = 10]

CMA DECEMBER, 2010 EXAMINATION

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Price per unit

Price per unit

CMA DECEMBER, 2010 EXAMINATION

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

The following notes are relevant:

CMA DECEMBER, 2010 EXAMINATION

CMA DECEMBER, 2010 EXAMINATION

CMA DECEMBER, 2010 EXAMINATION

During 2009 the following selected cash transactions occurred:

Record adjusting entries for depreciation for 2009.

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

All questions are to be attempted.

CMA DECEMBER, 2010 EXAMINATION

Overtime was done on job Y.

CMA DECEMBER, 2010 EXAMINATION

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

PART-A: MANAGEMENT (TOTAL-50)

Two marks are reserved for neatness and relevance.

CMA DECEMBER, 2010 EXAMINATION

Two marks are reserved for neatness and relevance.

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

CMA DECEMBER, 2010 EXAMINATION

CMA DECEMBER, 2010 EXAMINATION

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

Selling price (Tk.)

CMA DECEMBER, 2010 EXAMINATION

CMA DECEMBER, 2010 EXAMINATION

Total production at 100% capacity is 1,00,000 units.

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

GROUP-A: COMMERCIAL LAW

CMA DECEMBER, 2010 EXAMINATION

THE INSTITUTE OF COST AND MANAGEMENT ACCOUNTANTS OF BANGLADESH

Full Marks: 100

(a) Gain Tax