Section – A

1. Replacement cost approach

2. Cost approach or HRA
3. Social accounting
4. Social accounting reports.
5. Constant rupee accounting
6. Accounting for price level changes.
7. Environmental accounting.
8. Significance of environmental accounting
9. Hedge accounting
10. Fund accounting.
Section – B
Unit – I

11. What is meant by human resource accounting? Explain the methods of valuation of Human
resources (assets)?
OR
12. Zee Ltd is offering technical consulting services. The operating income (EBIT) for the year
2016-17 is `100 lakh and net income is `50 lakh. In the most recent year, the firm had `30 lakh
as training and recruitment expenses. The consultant (employee) who joins in the company can
stays with the firm on average, 5 years. Training and recruitment expenses are amortizable
over 5 years and over the past 5 years, they are
Year Training and recruitment expenses (` in lakhs)
Current year 30
1 25
2 21
3 20
4 17
5 15
Assuming a linear amortization schedule for 5 years, you are required to estimate
a) The value of human capital asset,
b) The adjustment to net income.
Unit - II
13. Describe the social responsibilities of a business organization.
OR
14. Define social accounting. Explain different social accounting reports.
 Unit - III
15. What is meant by inflation accounting (accounting for price level changes)? Describe the
differences between inflation accounting and historical accounting.
OR
16. Ascertain net monetary result as at 31st March 2017 from the data given below
1-4-2016 31-3-2017
Particulars
` `
Cash at bank 1,50,000 2,10,000
Accounts receivable 4,50,000 5,40,000
Accounts payable 7,50,000 5,00,000
General price index number
1st April 2016 100
31st March 2017 125
2016-17 average 120.

Unit - IV
17. Define environmental accounting. Explain the objectives of environmental accounting.
OR
18. What is meant by green accounting? What are its advantages and disadvantages?
Unit - V
19. Describe the advantages and disadvantages of fund accounting.
OR
20. Explain the differences between forensic accounting and auditing.