M.Com-M.Com Marketing 1st Sem Managerial Accounting(Osmania University (OU)-2009)

Time: 3 hours
Max. Marks: 80

SECTION-A
Answer the following questions in not exceeding 10 lines each:
1.Define Accounting Theory.
2.Explain briefly IASB
3.What is cost centre?
4.From the following make an analysis of changes in total sales due to quantity and price:
2007 2008 Increase or
Decrease
Sales Rs.500000 Rs.660000 Rs.160000
No. of units sold 50000 60000 10000
Selling price per unit 10 11 1
5.What are the qualities of financial reporting?

SECTION-B
Answer all the questions:
6 (a) Explain the need for the study of accounting theory and explain briefly the important accounting theories.
OR
(b) Define Management Accounting. Discuss the important limitations of Management accounting.

7 (a) Explain the main provisions of Accounting Standards No.2
OR
(b) Discuss the role of Accounting Standards Board (ASB) in standards setting in India.

8 (a) What are the objectives of human resource accounting and explain the approaches for the Human Resources Accounting?
OR
(b) Hyd ltd has 2 divisions namely North and South. Each division is treated as an investment centre. Summaries of the statements for the division North and South for the year ending 31-3-2008 are given below:
North Division South Division
Sales 3,50,000 4,75,000
Variable cost 1,60,000 2,05,000
Fixed overhead 1,00,000 1,45,000
Divisional assets 1,25,000 1,87,500

Assess the performance of the divisions with help of ROI, contribution and RI. Assume the rate of interest on capital is 6%.

9(a) Compute the net monetary result of ABC Ltd as at 31-3-2008. The relavant data are given below:
1-4-2007 31-3-2008
Rs Rs
Cash 5,000 10,000
Debtors 20,000 25,000
Creditors 15,000 20,000
Loan(taken) 20,000 20,000
Retail price Indes Numbers:
April 1,2007 : 200
March 31,2008 : 300
Average for the year : 250
OR
(b) From the following information, prepare a statement of analysis of increase in gross profit for the year ended 31st March, 2008:
2007 2008 Increase or decrease
Rs Rs Rs
Sales 4,00,000 4,50,000 +50,000
Less cost of goods sold 2,80,000 3,25,000 +45,000
Gross Profit 1,20,000 1,25,000 +5,000
Number of units sold 2,00,000 2,50,000 +50,000
Unit sale price 2.00 1.80 -0.20
Unit cost price 1.40 1.30 -0.10

10(a) What is Financial Reporting? Explain various types of financial reports.
OR
(b) Discuss the recent developments in the Indian corporate reporting practices.

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