MMPC-004 Accounting for Managers Solved Question Paper June 2024

MMPC-004 Accounting for Managers Solved Question Paper June 2024

Accounting for Managers
Course Code: MMPC-004

1. Explain the following :
(a) Business Entity concept
(b) Continuity concept
(c) Accrual concept
(d) Materiality concept
[ 2 ] MMPC–004
2. What is a Balance Sheet ? Describe the
contents of balance sheet and discuss how are
they classified.
3. What is a Cash Flow Statement ? Discuss the
features, benefits and objectives of cash flow
statement. Describe the various items included
to calculate cash flow from investing activities.
4. What is Activity Based Costing ? Discuss the
features and objectives of activity based
casting. Describe the process of implementation
of activity based costing system.
5. Explain the following :
(a) Performance Budgeting
(b) Zero base budgeting
6. Briefly discuss the concept of ratio analysis.
Explain the significance and purpose of
Efficiency/Activity ratios and describe various
activity ratios.
[ 3 ]
7. What is Forensic Accounting ? Describe fraud
triangle and explain the role of pressure and
opportunity in perpetuating fraud.
8. From the following information :
Sales Profit
Period 1 ` 50,000 `10,000
Period 2 ` 75,000 ` 20,000
calculate :
(a) P/V ratio
(b) Fixed cost
(c) Break even sales volume
(d) Sales to earn a profit of ` 15,000
(e) Profit when sales are ` 40,000