Vardhman Mahaveer Open University, december 2010 question paper
Papers (A) (December) 2010
(213)
A
MS-04
M.B.A. (First Year)/DIM EXAMINATION,
December, 2010
ACCOUNTING AND FINANCE FOR
MANAGERS
Paper-MS-04
(Accounting and Finance for Managers)
Time allowed : Three hours
Maximum marks : 70
Attempt any five questions. All
questions carry equal marks.
1. Distinguish management accounting from financial
accounting.
2. Examine the role of accounting concepts in the preparation
of financial statements.
3. What are the purposes of accounting information ? What
purpose in your opinion is the most important and why ?
4. Financial statements are most useful, if they report only
the value of assets that are tangible. Do you agree ?
Explain.
5. Explain FIFO and LIFO methods of inventory
valuation.
6. "Current assets to an extent are financed by current
liabilities." Explain.
7. "Fixed cost are variable per unit while variable cost are
fixed per unit." Comment.
8. From the following data, calculate :
(i) Break-Even-Point sales
(ii) No. of units sold to earn a profit of
Rs. 1,00,000
Selling price per unit Rs. 20
Variable cost per unit Rs. 15
Fixed factory overhead Rs. 5,00,000
Fixed selling overhead Rs. 2,00,000
9. Write short notes on any two of the following :
(i) Margin of safety
(ii) Working capital
(iii) Annual Report
(iv) Role of Board of Directors
Papers (A) (December) 2010
(213)
A
MS-04
M.B.A. (First Year)/DIM EXAMINATION,
December, 2010
ACCOUNTING AND FINANCE FOR
MANAGERS
Paper-MS-04
(Accounting and Finance for Managers)
Time allowed : Three hours
Maximum marks : 70
Attempt any five questions. All
questions carry equal marks.
1. Distinguish management accounting from financial
accounting.
2. Examine the role of accounting concepts in the preparation
of financial statements.
3. What are the purposes of accounting information ? What
purpose in your opinion is the most important and why ?
4. Financial statements are most useful, if they report only
the value of assets that are tangible. Do you agree ?
Explain.
5. Explain FIFO and LIFO methods of inventory
valuation.
6. "Current assets to an extent are financed by current
liabilities." Explain.
7. "Fixed cost are variable per unit while variable cost are
fixed per unit." Comment.
8. From the following data, calculate :
(i) Break-Even-Point sales
(ii) No. of units sold to earn a profit of
Rs. 1,00,000
Selling price per unit Rs. 20
Variable cost per unit Rs. 15
Fixed factory overhead Rs. 5,00,000
Fixed selling overhead Rs. 2,00,000
9. Write short notes on any two of the following :
(i) Margin of safety
(ii) Working capital
(iii) Annual Report
(iv) Role of Board of Directors
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