EThames Degree College

External Question Bank

Course: B.COM Semester: VI
(FT,COMP&SAM&GEN)
Subject: MANAGERIAL Faculty Name: K.PADMASAI
ACCOUNTING

Unit-1
Long Answer Type Questions

1. Define management accounting and explain its objectives

2. What are the functions of management accounting?
3. Explain the nature and scope of management accounting.
4. Distinguish between cost reduction and cost control
5. Discuss management as an effective tool of financial control.
6. In what respects financial accounting is different from management accounting?

Short Answer Type Questions

1. Objectives of managerial accounting
2. Limitations of managerial accounting
3. Limitations of financial accounting
4. Inventory control
5. Limitations of cost accounting

Unit-2
Long Answer Type Questions

1. What do you mean by marginal costing? Discuss its usefulness and limitations
2. Explain the differences between Marginal costing and Absorption
3. Explain the following terms in relation to marginal c
a) contribution b) p/v ratio c) B.E.P d)Margin of safety
4. What are the assumptions and uses of break-even analysis ?
5. What is p/v ratio? Explain its uses
6. . What is break even chart? Explain its uses
Short Answer Type Questions
1. Assumptions of marginal costing
2. Fixed and variable costs
3. Advantages of contribution
4. Importance of CVP analysis
5. Limitations of cost volume profit analysis
6. Advantages of break even analysis
7. Problems: Kalyani publications problem no 1 to 18.
Unit-3

Long Answer Type Questions

1. What is decision making? Explain the characteristics of decision making
2. Explain the different methods of decision making
3. Explain briefly about make or buy decisions
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 4. Explain the process of decision making.
5. .Explain the factors that influence make or buy decision.

Short Answer Type Questions

1. .Programmed decisions
2. Add or drop products
3. Permanent shut down or complete shut down
4. Special order pricing
5. Replace or retain of plant
6. Problems : Kalyani publications : 1 to 19

Unit-4
Long Answer Type Questions

1. What is budget? What are the steps involved in preparation of budget.

2. Explain the essentials of budgets
3. Explain the differences between budget and forecasting
4. Define budgetary control . Explain the advantages and disadvantages of budgetary control
5. Explain the objectives of budgetary control.
6. Explain the in detail the classification of budgets
7. Explain the essentials of budgetary control.
8. Explain the differences between the fixed budget and flexible budget

Short Answer Type Questions

1. Programme budget
2. Fixed budget
3. Sales budget
4. Flexible budget
5. Limitations of zero based budgeting
6. Zero base budgeting
7. Cash budget
8. Master budget
9. Advantages of cash budget

Problems: Kalyani publications : 1 to 15

Unit-5

Long Answer Type Questions

1. Define the term standard cost and standard costing and explain the importance of standard costing
2. Explain the advantages and disadvantages of standard costing
3 .Explain the preliminary steps for establishing system of standard costing
4. Distinguish between standard cost and budgetary cost
5. Explain the steps involved in standard costing
6. Define the term variance analysis. Explain the features and importance of variance analysis.
7. Explain the various kinds of variance analysis
Short Answer Type Questions
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 1. Historical costing
2. Differences between standard cost and estimated cost
3. Material cost variance
4. Labour yield variance
5. Overhead variance
6. Sales variance
Problems: Kalyani publications : 1
**** All the Best****

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