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    Accounting Question Bank

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    Mohammed Mustafa
    This document provides an overview of topics covered in an accounting for management course across 5 units. It includes definitions of key accounting terms, explanations of accounting principles and financial statements, methods of accounting for companies and costs, and an introduction to computerized accounting systems. The topics range from the basic concepts and conventions of accounting to more advanced analysis techniques and the role of technology in modern accounting.

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    Accounting Question Bank

    Uploaded by

    Mohammed Mustafa
    381 views2 pages
    This document provides an overview of topics covered in an accounting for management course across 5 units. It includes definitions of key accounting terms, explanations of accounting principles and financial statements, methods of accounting for companies and costs, and an introduction to computerized accounting systems. The topics range from the basic concepts and conventions of accounting to more advanced analysis techniques and the role of technology in modern accounting.

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    Important questions

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    Accounting Question bank

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    This document provides an overview of topics covered in an accounting for management course across 5 units. It includes definitions of key accounting terms, explanations of accounting principles and financial statements, methods of accounting for companies and costs, and an introduction to computerized accounting systems. The topics range from the basic concepts and conventions of accounting to more advanced analysis techniques and the role of technology in modern accounting.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    381 views2 pages

    Accounting Question Bank

    Uploaded by

    Mohammed Mustafa
    This document provides an overview of topics covered in an accounting for management course across 5 units. It includes definitions of key accounting terms, explanations of accounting principles and financial statements, methods of accounting for companies and costs, and an introduction to computerized accounting systems. The topics range from the basic concepts and conventions of accounting to more advanced analysis techniques and the role of technology in modern accounting.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    ACCOUNTING FOR MANAGEMENT

    UNIT – I
    1) What is meant by accounting? (or) Define accounting.
    2) What are the objectives of accounting?
    3) Explain the branches of accounting?
    4) Name the users of accounting records of an organization.
    5) What are the functions of accounting?
    6) List down the advantages of accounting.
    7) What are the different types of accounts? Give examples.
    8) State the accounting rules.
    9) What is double entry system of book keeping?
    10) What are the advantages of double entry system of book keeping?
    11) What do you mean by assets? Give examples.
    12) What are the different types of assets? Give examples.
    13) What is meant by liability? Give examples.
    14) What are the different types of liabilities? Give examples.
    15) Explain GAAP.
    16) Explain the Cost Concept. What is a journal ?
    17) Give the ruling of a Journal.
    18) What is a ledger?
    19) Give the format of a ledger account.
    20) What is a trial balance? What are the objectives of preparing a trial balance?
    21.Explain the accounting concepts and conventions.
    22) Distinguish between single entry and double entry system of book-keeping.
    23) Explain in detail Inflation Accounting and Human Resource Accounting.
    24) Explain the purpose and uses of management accounting systems.

    UNIT II
    1) Define company? What are its characteristics?
    2) How company is incorporated?
    3) What are the statutory books maintained by the company?
    5) How company final accounts are prepared?
    6) What is preferential allotment?
    7) Explain ESOP?
    8) Discuss the provision on Buy Back of securities?
    9) What do you meant by shares?
    10) What are the components of final accounts of joint stock company?
    11) Give an imaginary profit and loss appropriation account of a limited company?
    12) How is provision for tax treated in the final accounts of a company?
    13) What is dividend?
    14) What is Interim Dividend?
    15) What are the various methods of valuation of shares of company?
    16) Draft the Balance sheet of a limited company in prescribed form as per companies act with
    imaginary figure?
    17) Define share and explain its types. 18) How forfeited shares can be treated in accounts?
    UNIT- III
    1) What is a financial statement? List out the various financial statements.
    2) What is an income statement? What is the significance of an income statement?
    3) What is a balance sheet? What does it reveal?
    4) What is known as the statement of Retained Earnings?
    5) List out the characteristics of financial statements.
    6) What are the limitations of financial statements?
    7) What is meant by analysis and interpretation of financial statement?
    8) What is meant by comparative financial statement?
    9) What is a common –size financial statement?
    10) Explain Trend Percentage method of financial statement analysis.
    11) What is Cost-Volume-Profit analysis?
    12) What is fund flow analysis? 13) What is cash flow analysis?
    14) What is Ratio analysis? 15) What is a current ratio? What is the ideal current ratio?
    16) What is quick ratio? What is the ideal quick ratio?
    17) What does profitability ratios indicate? 18) What does turnover ratios indicate?
    19) What does solvency or financial ratios indicate?
    20) What does capital gearing or leverage means?
    21) Explain the significance of a fund flow statement.
    22) What do you mean by funds from operations? How it is determined?

    UNIT – IV
    1. What is marginal costing technique? 2. What is the difference between marginal costing and
    absorption costing??
    4. What is contribution? 5. What is break even point? 6. What is Margin of Safety?
    7. Define cost accounting and state the objectives of cost accounting.
    8. “Fixed costs are variable per unit and variable costs are fixed per unit.”- Comment.
    9. List out the components of total cost.
    10. What is meant by overheads? What are the different types of overheads?
    11. What is Standard Costing? Explain Process Costing.
    13. What are the reasons for Material Variances?
    14. What is a budget? . Distinguish budget, budgeting and budgetary control.
    15. What are the different methods of costing?
    16. What are the reasons for material and labour variances
    17. What is flexible budget and under what circumstances flexible budget is considered
    preferable?
    18. What is a cash budget and what are the objectives of a cash budget?
    19. Explain in detail the advantages and disadvantages of budgetary control system.

    UNIT – V
    1. What is computerized accounting system? Explain the significance and limitation of
    computerized accounting system.
    2. Describe the codification and grouping of accounts in detail.
    3. Elaborate the different types of accounting software packages.
    4. Give the difference between computerized accounting system and manual accounting system.
    5. Discuss the hierarchy of maintaining the ledger.

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