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A Textbook Of Financial Cost And Management Accounting 1st Edition P. Periasamy - Solutions
What is Inventory Turnover Ratio? Explain its importance.IS. From the following particulars calculate :(a) Re-order Level. (b) Minimum Level. (c) Maximum Level. (d) Average Level.Normal usage 100 units per day Maximum usage 130 units per day Minimum usage 60 units per day Economic Order Quantity
Explain briefly the material storage losses.
What is Continuous Stock Verification? What are the differences between Continuous Stock Taking and Periodic Stock Taking?
What are the differences between Bin Card and Stores Ledger?349
What do you understand by Bin Card and Stores Ledger?
What is Perpetual Inventory System? Explain its advantages.
Explain briefly the Methods of Coding.
What are the advantages of Codification?
Explain briefly the Classification and Codification of materials.
What is Economic Order Quantity? Explain its significance.S. Explain the concept of ABC Analysis ..
What do you understand by Maximum Stock. Minimum Stock and Re-order Level?
Explain briefly the different types of stores.
What do you mean by stores layout?
What are the important functions of storekeeper?
Explain the purpose of storekeeping.
What do you meant by store and store keeping?
Write Short notes on:(a) Bill of Materials(b) Material Requisition(c) Goods Received Note(d) Purchase Order
What are the procedure to be adopted for purchasing the materials?
What are the important functions of the purchasing department?
Explain briefly the duties of a purchase Manager in a large organization.
What are the important functions of the purchasing department?
What is meant by Decentralized Purchasing?
What is Centralized Purchasing? What are its merits and demerits?
What do you mean by material purchase control?
What are the advantages of Material Control?
Explain briefly the essentials of Materials Control.
Explain the objectives of Material Control.
What are the important functions of Materials Control?
Define Material Control.
What do you understand by the concept material?
Distinguish between :(a) Direct material and Indirect material.(b) Direct labour and Indirect labour.(c) Direct expenses and Indirect expenses.
What items constitute (a) Prime Cost (b) Cost of Production and (c) Cost of Goods Sold.
Explain the different functional classification of overheads.
Explain the importance of cost sheet.
Explain the different elements of total costs.
What do you understand by 'cost sheet'? Briefly explain with specimen of cost sheet.
What are the differences between controllable costs and uncontrollable costs?
Write short notes on :(a) Uniform Costing(b) Historical Costing(c) Marginal Costing(d) Standard Costing(e) Sunk Costing(f) Standard Costing.
What are the important basic requisites for classification of cost? Explain them briefly.
Describe the different classification of cost in detail.
What method of costing would you recommend for the following industries? Give reasons.(a) Ship Building(b) Ready-made Garment(c) Sugar Industries(d) Hospitals(e) Cigarettes(f) Motor Cars Manufacture.
What are the important techniques of costing?
What are theimportant methods of Costing? Describe each of them briefly.
Write short notes on :(a) Costing;(b) Cost Accountancy;(c) Cost Control;(d) Cost Reduction;(e) Cost Unit and Cost Centre.
Define costing and discuss briefly its objects and advantages.
Indicate the various advantages of Cost Accounting.
Cost Accounting has become an essential tool of management. Give your comments on this statement.
Describe the practical difficulties in installation of costing system.
What are the factors to be considered for installation of good costing system?
What are the differences between financial account and cost accounting?
What are the important objectives of Cost Accounting?
Define the terms Cost Centre and "Cost Unit."
What do you understand by Cost Accounting?
Discuss the usefulness of the following ratios:(a) Inventory Ratio. (b) Operating Ratio. (c) Price Earning Ratio.(d) Creditor's Turnover Ratio. (e) Debtor's Turnover Ratio.
Explain the importance of profitability Ratio. How they are worked out?
What you understand by Liquidity ratios? Discuss their significance.
How can solvency of a firm be measured?
Ratio analysis is widely used as a tool of financial analysis, yet it suffers from various limitations. Explain.
What do you understand by current ratio? What are it uses? What are its limitations?
Write short notes on :(a) Liquidity Ratios. (b) Profitability Ratios. (c) Turnover Ratios.(d) Solvency Ratios. (e) Overall Profitability Ratios.
What are the different categories of ratios? How are they classified?
What are the advantages of Ratio Analysis?
What do understand by Accounting Ratio? Explain the Principles of ratio selection.
What are the components of Sources and Applications of Cash?
Explain the procedure for preparing a Cash Flow Statement.
What are the limitations of Cash Flow Statement?
What are the differences between Cash Flow Statement and Fund Flow Statement?
Explain briefly the uses of Cash Flow Statement.
What is meant by Cash Flow Statement?
What is meant by Schedule of Changes in Working Capital How is it prepared?
What do you understand by Fund From Operations?
Explain the procedure for preparation of Fund Flow Statement.
Explain the limitations of Fund Flow Statement.
Distinguish between(a) Fund Flow Statement and Income Statement(b) Fund Flow Statement and Balance Sheet
Explain the importance of Fund Flow Statement.
What do you understand by Fund Flow Statement? How is it Prepared?
What are the components of Flow of Fund?
Briefly explain the Flow of Funds and No Flow of Funds. Illustrate with numerical examples.
Explain the Changes of Financial Position.
What is mean by Fund Flow Statement?
What is Fund Flow Analysis?
Write a brief note on Common Size Statements.
What do you understand by Trend Analysis?
Discuss the different techniques or tools of Financial Analysis.
Draw a specimen form of Methodical Classification of Income Statements and Balance Sheet.
Explain in brief the procedure for preparing the comparative financial statements.
Write short notes on :(a) Horizontal Analysis.(b) Vertical Analysis.(c) External and Internal Analysis.
Explain different types of analysis and interpretations.
Explain the analysis and interpretation of financial statements.
What are limitations of financial statements?
Discuss the important objectives of financial statements.
Explain briefly the nature and scope of financial statements.
What do you understand by financial statements?
What is meant by Financial Analysis?
What are the factors affecting the amount of depreciation?
Discuss the merits and demerits of Straight Line Method.S. What do you understand by Machine Hour Rate method of depreciation?
What do you understand by Sinking Fund Method? Explain it briefly.
Explain briefly the various methods of charging depreciation.S. Write short notes on :(a) Straight Line Method. (d) Insurance Policy Method.(b) Written - Down Value Method. (e) Depletion Method.(c) Annuity Method. (0 Revaluation Method.
What are the purpose of charging depreciation?
Define Depletion and Amortization.
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