IMPORTANT THEORY QUESTIONS – FINANCIAL ACCOUNTING SEM – V

Chapter No.[I] COMPANY FINAL ACCOUNTS

Long Answer Type Questions:
1. Terms “Tangible Assets”; “Intangible Assets” and “Fictitious Assets”. (with Examples)
2. Non- current Assets and Liabilities and Current Assets and Liabilities.
Short Notes / Short Answers Type questions:
1. Contents of Current Liabilities.
2. Contents of Current Assets.
3. Disclosure of Reserves and Surplus in Balance Sheet of Limited Company.
4. Disclosure of Tangible Assets in Balance Sheet of Limited Company.
5. Disclosure of Share Capital in Balance Sheet of Limited Company.
6. Disclosure of Long Term Borrowings in Balance Sheet of Limited Company.
7. Disclosure of Cash and Cash Equivalents in Balance Sheet of Limited Company.
8. Trade Payables v/s Trade Receivables.
Chapter No. [II] CAPITAL REDUCTION AND INTERNAL RECONSTRUCTION
Long Answer Type Questions:
1. Internal Reconstruction of Companies.
Short Notes / Short Answers Type questions:
1. Need for Internal Reconstruction of Companies.
2. Capital Reduction / Reconstruction Account.
3. Consolidation and Subdivision of Shares.
4. Alteration of shareholders rights.
Chapter No. [ III] BUYBACK OF EQUITY SHARES
Long Answer Type Questions:
1. Legal provisions / conditions regarding buy-back of shares as per Companies Act, 1956. / Conditions
regarding buy-back of shares.
2. What is maximum limit upto which company can buy-back its shares? Explain in detail.
Short Notes / Short Answers Type questions:
1. Buyback of Shares
2. Sources of Buyback of Equity Shares
3. Debt – Equity ratio after buy-back.
4. Divisible and Non-divisible profits.
Chapter No.[IV] PERSONAL INVESTMENT ACCOUNTS
Long Answer Type Questions:
1. Ex-interest and Cum-interest transactions in Investment Accounting.
2. Pre-acquisition and post-acquisition dividend in Investment Accounting.
3. Difference between Ex-interest and Cum-interest in Investment Accounting.
Short Notes / Short Answers Type questions:
1. Bonus shares and Right shares.
2. Sale of Right Entitlement and Purchase of Right Shares.
3. Cum-interest price of investment.
Chapter No.[V] ETHICAL BEHAVIOR IN ACCOUNTING AND FINANCE
Long Answer Type Questions:
1. Meaning of Ethics, Explain Fundamental Principals of Professional Ethics.
2. Practice of Unethical Reporting.
3. Components of work place Ethical Behaviour.
Short Notes / Short Answers Type questions:
1. Corporate Social Responsibility
2. Ethics in Accounting Work Environment.
3. Components of work place Ethical Behaviour.
4. Whistleblowing in Accounting Environment.
5. Need of Ethics in Accounting and Finance.