Phone:+91-88823 09876

Amity B.COM 4 Sem Assignment For Management Accounting

Body: 

 

Amity B.COM 4 Sem Assignment  For Management Accounting

S. No.  Questions        Marks - 10

1          Define DUPONT Control Chart?

 

2          Explain different methods of Ranking Investment proposals?

 

3          Why its importance to Establishing a system of Budgetary Control?

 

4          What is Fund Flow Statement and how funds flow analysis is usefull for management?

 

5          1.     Write short note on any three of the following.

 

a)     Difference between cash and fund.

 

b)    Flexible Budgets and Master Budgets              

 

c)     Concept of Capital of Capital Budgeting

 

d)    Advantages and Limitations of Budgetary Control

 

e)      Short-term Financial Ratios and Long-term Financial Ratios

 

6          Elaborate any 3 types of liquidity ratio?

 

7          Explain analysis of Financial Statements along with its objectives?

 

8          Explain position of Management Accounting in the organization?

 

Section-B

Following information are available for SRK Co. along with various ratios relevant to the particular industry which it belongs.

 

 

Balance Sheet As at 31.03.2014

Liabilities

Amount

Assets

Amounts

Equity Share Capital

2,400,000.00

Fixed Assests

1,210,000.00

10% Debenture

460,000.00

Cash

440,000.00

Sundry Creditors

330,000.00

Sundry Debtors

550,000.00

Bills Payable

440,000.00

Stocks

1,650,000.00

Other Current Liabilities

220,000.00

 

 

 

3,850,000.00

 

3,850,000.00

 

 

 

 

Statement of Profitability for the year ending 31.03.2014

Particulars

Rs.

Rs.

Sales

 

5,500,000.00

Less: Cost of Good Sold:

 

 

Material

2090000

 

Wages

1320000

 

Factory Overheads

649000

44,059,000.00

 

 

 

Gross Profit

 

1,441,000.00

Less: Selling and Distribution Cost

550000

 

Admin Cost

614000

1,164,000.00

Earning before Interest and Taxes

277,000.00

 

Less: Interest Charges

46,000.00

 

Earning before Taxes

 

231,000.00

Less: Tax @50%

115,500.00

 

Net Profit(PAT)

 

115,500.00

Industry Norms

 

Current Assets/Current liabilities

2.5

 

sales/Debtors

8.0

 

Sales/Stocks

9.0

 

Sales/Total Assets

2.0

 

Net Profit/Sales

3.5%

 

Net Profit/Total Assets

7.0%

 

Net Profit/ Net Worth

10.5%

 

Total Debt/Total Assets

60.0%

 

 

 

 

 

 

1. Find out the relevant ratios relating to SRK Co 

2. Give your comments on Strengths and Weakness of SRK Co.

3. Compare its ratios with industry Norms.

Assignment C

 

Question No.  1        Marks - 10

________________________________________

Managerial accounting does not include           

 

Options         

           

  1. Calculating product cost

 

 

  1. Calculating earnings per share   

 

  1. Determining cost behavior

 

  1. Profit planning.       

 

Question No.  2        Marks - 10

________________________________________

Managerial accounting information is generally used by       

 

Options         

           

 

  1. Shareholders           

 

  1. Creditors       

 

  1. Managers     

 

  1. Regulatory agencies          

 

Question No.  3        Marks - 10

________________________________________

 What helps in ascertaining costs beforehand  

 

Options         

           

 

  1. Financial accounting         

 

  1. Cost Accounting     

 

  1. Management Accounting  

 

  1. None of Above        

 

Question No.  4        Marks - 10

________________________________________

The scope of cost accounting include    

 

Options         

           

 

  1. Cost ascertainment, cost presentation, cost control     

 

  1. Tax planning, tax accounting, financial accounting    

 

  1. Presentation of accounting information, creation of policy, day-to day operation  
  2. none of the above

 

 

Question No.  5        Marks - 10

________________________________________

Which one is not the limitation of the Management Accounting.      

 

Options         

           

 

  1. Is only a Tool           

 

  1. Based on data provided by financial and cost accounting     

 

  1. Time consuming process. 

 

  1. None of the above. 

 

Question No.  6        Marks - 10

________________________________________

Which of the following is not a technique of Financial Statement    

 

Options         

           

 

  1. Comparative Financial Statements         

 

  1. Common Size Financial Statement        

 

  1. Ratio Analysis         

 

  1. None of the above  

 

Question No.  7        Marks - 10

________________________________________

Which of the following ratio indicates the short-term liquidity of a business?        

 

Options         

           

 

  1. Inventory Turnover Ratio   

 

  1. Debt-Equity Ratio   

 

  1. Acid Test Ratio        

 

  1. Proprietary Ratio.    

 

Question No.  8        Marks - 10

________________________________________

 Which of the following is true when a debtor pays his dues?           

 

Options         

           

 

  1. The asset side of the balance sheet will decrease       

 

  1. The asset side of the balance sheet will increase        

 

  1. The liability side of the balance sheet will increase     

 

  1. There is no change in total asset or total liability          

 

Question No.  9        Marks - 10

________________________________________

An income statement reports a business's financial___         

 

Options         

           

 

  1. Condition over a specific period of time 

 

  1. Condition on a specific date         
  2. Progress over a specific period of time

 

 

  1. Progress over a specific date        

 

Question No.  10      Marks - 10

________________________________________

The sections of Income Statements are 

 

Options         

           

 

  1. Assets, liabilities, and owner's equity     

 

  1. Heading, revenue, expenses, and net income or net loss      

 

  1. Assets, liabilities, and net income or net loss    

 

  1. Assets, revenue, and net income or net loss     

 

Question No.  11      Marks - 10

________________________________________

Accounting Ratios are important tools used by 

 

Options         

           

 

  1. Managers     

 

  1. Researchers

 

  1. Investors       

 

  1. All of the above       

 

Question No.  12      Marks - 10

________________________________________

DU PONT Analysis deals with:    

 

Options         

           

 

  1. Analysis of Current Assets           

 

  1. Analysis of Profit     

 

  1. Capital Budgeting   

 

  1. Analysis of Fixed Assets   

 

Question No.  13      Marks - 10

________________________________________

SRK Ltd. has a Current Ratio of 3: 2 and Net Current Assets of Rs. 5,00,000.What are the current assets.           

 

Options         

           

 

  1. 5,00,000        

 

  1. 10,00,000     

 

  1. 15,00,000     

 

  1. 25,00,000     

 

Question No.  14      Marks - 10

________________________________________

 Debt to Total Assets Ratio can be enhanced by          

 

Options         

           

 

  1. Borrowing new        

 

  1. Issue of Debentures           

 

  1. Issue of Equity Shares      

 

  1. Redemption of Debt           

 

Question No.  15      Marks - 10

________________________________________

 Which of the following statements is correct?

           

 

Options         

           

 

  1. A Higher Receivable Turnover is not desirable

 

  1. Interest Coverage Ratio depends upon Tax Rate         

 

  1. Increase in Net Profit Ratio means increase in Sales 

 

  1. Lower Debt-Equity Ratio means lower Financial Risk

 

Question No.  16      Marks - 10

________________________________________

Capital Budgeting is a part of       

 

Options         

           

 

  1. Investment Decision          

 

  1. Working Capital Management      

 

  1. Marketing Management     

 

  1. Capital Structure     

 

Question No.  17      Marks - 10

________________________________________

Capital Budgeting deals with       

 

Options         

           

 

  1. Long-term Decisions          

 

  1. Short-term Decisions         

 

  1. Both (a) and (b)       

 

  1. Neither (a) nor (b)   

 

Question No.  18      Marks - 10

________________________________________

Which of the following is not used in Capital Budgeting?      

 

Options         

           

 

  1. Time Value of Money         

 

  1. Sensitivity Analysis

 

  1. Net Assets Method 

 

  1. Cash Flows  

 

Question No.  19      Marks - 10

________________________________________

Capital Budgeting Decisions are 

 

Options         

           

 

  1. Reversible    

 

  1. Irreversible   

 

  1. Unimportant 
  2. All of the above

 

 

Question No.  20      Marks - 10

________________________________________

 A sound Capital Budgeting technique is based on    

 

Options         

           

 

  1. Cash Flows  

 

  1. Accounting Profit    
  2. Interest Rate on Borrowings

 

 

  1. Last Dividend Paid 

 

Question No.  21      Marks - 10

________________________________________

Cash Budget does not include    

 

Options         

           

 

  1. Dividend Payable   

 

  1. Postal Expenditure 

 

  1. Issue of Capital       

 

  1. Total Sales Figure  

 

Question No.  22      Marks - 10

________________________________________

 Which of the following is not true of cash budget?     

 

Options         

           

  1. Cash budget indicates timings of short-term borrow¬ing.

 

 

  1. Cash budget is based on accrual concept.        

 

  1. Cash budget is based on cash flow concept.    

 

  1. Repayment of principal amount of law is shown in cash budget.     

 

Question No.  23      Marks - 10

________________________________________

Budgetary control involves all but one of the following:          

 

Options         

           

 

  1. Modifying future plans       

 

  1. Analyzing differences        

 

  1. Using static budgets           

 

  1. Determining differences between actual and planned results          

 

Question No.  24      Marks - 10

________________________________________

Under responsibility accounting, the evaluation of a manager’s performance is based on matters that the manager       

 

Options         

           

 

  1. Directly controls      

 

  1. Directly and indirectly controls     

 

  1. Indirectly controls    

 

  1. Has shared responsibility for with another manager   

 

Question No.  25      Marks - 10

________________________________________

Responsibility centers include     

 

Options         

           

 

  1. Cost centers 

 

  1. Profit centers           

 

  1. Investment centers 

 

  1. All of the above       

 

Question No.  26      Marks - 10

________________________________________

Which of the following is NOT a cash outflow for the firm      

 

Options         

           

 

  1. Depreciation

 

  1. Dividends     

 

  1. Interest payments   

 

  1. Taxes

 

Question No.  27      Marks - 10

________________________________________

Which of the following would be considered a use of funds 

 

Options         

           

 

  1. A decrease in accounts receivable         

 

  1. A decrease in cash 

 

  1. An increase in account payable  

 

  1. An increase in cash           

 

Question No.  28      Marks - 10

________________________________________

For a profitable firm, total sources of funds will always          total uses of funds    

 

Options         

           

 

  1. Be equal to   

 

  1. Be greater than       

 

  1. Be less than 

 

  1. Have no consistent relationship to          

 

Question No.  29      Marks - 10

________________________________________

Which of the following would be included in a cash budget?           

 

Options         

           

 

  1. Depreciation charges         

 

  1. Dividends     

 

  1. Goodwill       

 

  1. Patent amortization

 

Question No.  30      Marks - 10

________________________________________

Uses of funds include a    

 

Options         

           

 

  1. Decrease in cash    

 

  1. Increase in any liability      

 

  1. Increase in fixed assets     

 

  1. Tax refund    

 

Question No.  31      Marks - 10

________________________________________

Which of the following is not an advantage of Budgets          

 

Options         

           

 

  1. It brings about efficiency and improvement in the working of the organization      

 

  1. It serves as a benchmark for controlling on-going operations

 

  1. It does not focus on comparing of the results.   

 

  1. All of the above       

 

Question No.  32      Marks - 10

________________________________________

The Process of Budgetary control includes       

 

Options         

           

 

  1. Revision of budgets in the light of changed circumstances   

 

  1. Continuous comparison of actual performance with budgetary performance        
  2. Both (a) and (b)

 

  1. Neither (a) nor (b)

 

 

 

Question No.  33      Marks - 10

________________________________________

Which of the following is not the advantage of Budgetary control    

 

Options         

           

 

  1. Less time and Cost.

 

  1. Controlled Action    

 

  1. Performance Evaluation   

 

  1. Helps in co-ordination       

 

Question No.  34      Marks - 10

________________________________________

Which of the following is problem in budgeting           

 

Options         

           

 

  1. Bad labor relations 

 

  1. Inaccurate record-keeping

 

  1. Disputes over resource allocation           

 

  1. All of the above.      

 

Question No.  35      Marks - 10

________________________________________

The investment in total current assets is known as      

 

Options         

           

 

  1. Gross working capital         

 

  1. Permanent working capital           

 

  1. Temporary working capital

 

  1. Net working capital 

 

Question No.  36      Marks - 10

________________________________________

An accounting system wherein the operations are broken down into cost centers controllable by a foreman, sales manager, or supervisor, is known as   

 

Options         

           

 

  1. Control accounting

 

 

  1. Budgetary accounting

 

 

  1. Responsibility accounting

 

 

  1. Allocated cost accounting

 

 

Question No.  37      Marks - 10

________________________________________

The basic difference between a static budget and a flexible budget is that

 

Options         

           

  1. Flexible budget considers only variable costs, but a static budget considers all costs.

 

  1. Flexible budgets allow management latitude in meeting goals, whereas a static budget is based on a fixed standard.

 

  1. A static budget is for an entire production facility, but a flexible budget is applicable only to a single department.  
  2. A static budget is based on one specific level of production and a flexible budget can be prepared for any production level within a relevant range.          

 

Question No.  38      Marks - 10

________________________________________

Important factors consider for sales budget are

 

Options         

           

 

  1. Past pattern of sales           

 

  1. Marketing research studies           

 

  1. Competitors Activity

 

  1. Desire level of sales           

 

Question No.  39      Marks - 10

________________________________________

The Real Cashflows must be discounted to get the present value at a rate equal to        

 

Options         

           

 

  1. Money Discount Rate        

 

  1. Inflation Rate           

 

  1. Real Discount Rate

 

  1. Risk free rate of interest     

 

Question No.  40      Marks - 10

________________________________________

Risk in Capital budgeting is same as      

 

Options         

           

 

  1. Uncertainty of Cash flows 

 

  1. Probability of Cash flows  

 

  1. Certainty of Cash flows     

 

  1. Variability of Cash flows    

 

Solve by www.solvezone.in contact for more detail - 8882309876

 

Title:
Amity B.COM 4 Sem Assignment For Management Accounting (General)
Short Name or Subject Code:  Management Accounting
University:  Amity
Select Type: 
General everyone
Service Type:  Assignments
Select Semester:  Semester- IV Select Cource:  B.Com
commerce line item type: 
Price: 
₹300.00
Product: