Cost & Management Accounting
Q & A
Q. 5. What is cash budget? What are the important functions of cash budgeting?
Q. 1. What is Standard Costing? What are its features ? Discuss the essentials of an effective standard costing.
Q.1: Define the term ‘Management Accounting’. Discuss its features and importance.
Q. 2. What are the advantages of standard costing ? Discuss its limitations.
Cash Budgets practical problems and solutions
Q. 3. What is the scope of management accounting? What are the main differences between management, financial and cost accounting ?
Q.3 How will you differentiate between standard costing and budgetary control?
Flexible Budget Practical Problems and solutions
Q. 4. What is the difference between standard costing and historical costing?
Q. 2. What are the important functions of Management Accounting? Discuss limitations of management accounting.
Production Budget Practical problems and solutions
Q. 5 What is the difference between standard and estimated costs
Q. 6. What are the characteristics of Standard Costing?
Q. 7. What are the similarities and differences between budgeting and standard costing?
Q. 8. Standard Costing practical problems and solutions
Process Costing MCQs
Specific Order Costing MCQs
Overhead Costing MCQs
Labor Costing MCQs
Material Costing MCQs
Q. 9. How to compute various overhead cost variances?
Cost Concept, Analysis and Classifications MCQs
Q. 10. How to compute sales variances?
Current Purchasing Power Method (C.P.P.)
Current Cost Accounting (CCA) Technique
Methods of human resource accounting
Human Resource Accounting
Transfer pricing illustrated
Transfer pricing practice and policies
What is transfer pricing?
Rectification of errors MCQs quiz
Capital and revenue expenditures multiple choice questions (MCQs)
Bank reconciliation statement MCQs quiz
Bills of Exchange MCQs quiz
Departmentalization of Overheads
Apportionment of overhead expenses
Limitations of financial accounting
Cost Accounting Cycle
Costing methods and techniques
Economic order quantity (EOQ)
What is cost accounting?
What are sunk costs?
What is Imputed cost?
Difference between controllable and uncontrollable costs