Cost accounting is better understood as a cost control and cost reduction exercise and not a more cost ascertainment process”. Discuss


Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
www.mbacasestudyanswers.com
ARAVIND – 09901366442 – 09902787224

Financial and Cost Accounting

Answer the following questions

Q1. Which ratios will help in determining the long term solvency of a business and how? (10 marks)

Q2. A good costing system is an involvable aid to management.” Discuss (10 marks)

Q3. Define costing critically evaluate the arguments for the installation of costing system in an industry. (10 marks)

Q4. State the advantages of costing. How it aids the management and what objections are raised against cost accounts (10 marks)

Q5. Define costing. How does it differ from financial accounting? Explain its importance under present circumstances. (10 marks)

Q6. “Cost accounting is a system of foresight like prenatal care, but financial accounting is just a postmortem examination”. Critically examine this statement (10marks)

Q7. Cost accounting is better understood as a cost control and cost reduction exercise and not a more cost ascertainment process”. Discuss. (10 marks)

Q8. What is the different between cost accounting and management accounting? (10 marks)

Assignment Solutions, Case study Answer sheets
Project Report and Thesis contact
ARAVIND – 09901366442 – 09902787224


Comments

Post a Comment

Popular posts from this blog

You have been assigned to a project risk team of 5 members

Assignment Solutions, Case study Answer sheets Project Report and Thesis contact aravind.banakar@gmail.com www.mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224 Project Management Case Studies CASE STUDY (20Marks) You have been assigned to a project risk team of 5 members. Because this is a first time your organization has formally set up a riskteam for a project, it is hoped that your team will develop a process that can be used on all future projects. Your first team meeting isnext Monday morning. Each team member has been asked to prepare for the meeting by developing, in as much detail as possible,an outline that describes how you believe the team should proceed in handling project risks. Each team member will hand out theirproposed outline at the beginning of the meeting. Your outline should include but not be limited to the Team objectives, process forhandling risk events, Team activities, Team outputs. Answer the following question. Q1...
Read more

Bring out the difference between FIFO and LIFO method

Assignment Solutions, Case study Answer sheets Project Report and Thesis contact aravind.banakar@gmail.com www.mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224 Accounting Management Total Marks: 80 Note : All Questions are Compulsory Each Question Carries Equal Marks 10 Marks 1. Explain the methods of preparing the Cash Flow Statements. 2. How the control over the selling and distribution costs can be obtained ? 3. Bring out the difference between FIFO and LIFO method. 4. Explain the need or importance of preparing a bank reconciliation statement. 5. What are the various kinds of subsidiary books maintained ? 6. Discuss the main points of difference between Book Keeping and Accounting 7. Explain the various kinds of errors that take place while preparation of the Trial Balance. 8. Briefly explain the process of preparing a bank reconciliation statement. Assignment Solutions, Case study Answer sheets Project Re...
Read more

Write short notes Investor Relations for Shareholder Value

Assignment Solutions, Case study Answer sheets Project Report and Thesis contact aravind.banakar@gmail.com www.mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224 P ublic Relationship Management Answer the following question. Q1. PR is intangible ,its result incapable of assessment .explain the truth value (10 marks) Q2. Explain PR versus sales resistance. (10 marks) Q3. Write short notes: Investor Relations for Shareholder Value (10 marks) Q4. Explain the following: Career Paths in Public Relations (10 marks) Q5. Discuss the various strategies to Maintaining Effective Client Agency Partnerships (10 marks) Q6. What do you mean by in – house PR department. Explain its pros and cons. (10 marks) Q7. Why do you need PR? (10 marks) Q8. Discuss plus factors methods of evaluating media (10 marks) Assignment Solutions, Case study Answer sheets Project Report and Thesis contact aravind.banakar@gmail.com www.mbacasestudy...
Read more