MANAGEMENT ACCOUNTING

1. Define Management accounting and discuss the functions and limitations of

Management accounting.
2. How does Management accounting differ from Financial accounting and Cost
accounting?
3. What do you mean by Ratio analysis? Describe its objectives and limitations.
4. What is fund flow statement? Explain its characteristics and limitations.
5. What do you mean by Cash flow statement? How does it differ from fund flow
statement?
6. What do you understand by Cost Volume Profit relationship? Why is this
relationship important in business management?
7. What do you mean by Break even analysis? Discuss its assumptions,
limitations and uses.
8. What is Budgeting? Explain different types of Budgets.
9. How flexible budget is different from cash budget? Explain the importance of
Cash and Flexible budget.
10.What do you mean by Budgetary control? Explain the importance of
budgetary control.
11.Define Standard costing. Discuss its advantages and limitations.
12.Distinguish between Budgetary control and standard costing. Are both these
systems inter-related?
13.Define Zero-Based Budgeting. What are its importance and characteristics?
14.Define performance Budgeting.
15.Define Responsibility accounting. Discuss about various types of responsibility
centre.