Punjab Technical University 2006-1st Sem M.B.A -distance learning programme - university paper

Accounting for management MBA - first SEMESTER(2096)

1)section -A is compulsory(2 marks each)
2) attempt any nine ques. from part -B(5 marks each)

part -A
1. Write short notes on the following:
(i) Differentiate ranging from Book-keeping and AcCounting.
(ii) Explain dual aspect concept.
(iii) What is Accounting process?
(iv) What is an Adjustment entry of prepaid expenses?
(v) Mention 2 uses of pattern Analysis .
(vi) What is meant of Funds from operations?
(vii) What is meant by Financing Activities?
(viiI) How Debt Equity Ratio is calculated?
(ix) How cost is classified on the basis of elements?
(x) Why profit quantity Ratio is calculated?
(xi) What is meant by Gang composition variance?
(xii) Explain profit centre and cost centre.
(xiii) What is current cost Accounting?
(xiv) Explain the concept of kaizen costing.
(xv) Write 2 main objectives of Human Resource Accounting.

section-B

2.Explain different steps involved in Activity based costing.
3. What is social Accounting? discuss few techniques of social Accounting . ./
4.Explain Zero Base Budgeting. Also mention its advantages.
5.What is variance Analysis? How material variances are
calculated?
6.From the subsequent data, calculate Breakeven sales and
margin of safety: ,
Sales Rs.I0,0000
Fixed cost Rs.3,OO,OOO Profit Rs 2,00,000
7.How Cost data is useful in managerial decision making process?
8. What is meant by cash flow statement?how it is prepared?
9. Opening stock Rs.58,000; Excess of the closing stock over opening stock.Rs.4000,sales Rs.6,40,000 Gross profit @25% on sales. compute stock turn over
Ratio. .
10.In Modern world define the role of an Accountant in an organisation

11. discuss different Accounting concepts and conventions.

12.How Financial statements are prepared? elaborate its purpose?

13.The standarad material needed to Manufacture 1 unit of product x is 10 kg and the standarad price per k.g

Earning:   Approval pending.