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DRIVE Fall 2015
PROGRAM BBA
SEMESTER IV
SUBJECT CODE &
NAME
BBA 402 &
MANAGEMENT ACCOUNTING
BK ID - B1713
CREDITS 4, MARKS 60
Q1:- Management
accounting is sensitive to management needs; however, it assists the management
and does not replace it. Write down in detail the scope of management accounting.
(Explanation of each point to be given.)10
ANSWER: Financial accounting – Management accounting is mainly concerned with the modification or rearrangement of the information provided
by financial accounting.
Cost accounting – Planning and decision-making
controls are the basic managerial functions. In the discharge of these
managerial
Q2. From the
following balance sheets of Dramas Ltd., compute the trend percentages using 31
December 2005 as the base year.
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Assets & Liabilities
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Amount
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2005
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2006
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2007
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Liabilities:
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Share capital
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2,00,000
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2,50,000
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3,00,000
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Reserves
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1,00,000
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1,50,000
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1,50,000
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Loans
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2,00,000
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1,00,000
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50,000
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Creditors
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3,00,000
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4,00,000
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2,00,000
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8,00,000
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9,00,000
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7,00,000
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Assets:
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Buildings
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2,00,000
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2,50,000
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3,00,000
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Plant
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2,00,000
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2,50,000
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1,00,000
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Stock
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2,50,000
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2,50,000
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1,50,000
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Debtors
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1,00,000
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1,00,000
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1,00,000
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Cash at Bank
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50,000
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50,000
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50,000
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8,00,000
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9,00,000
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7,00,000
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(Preparation of
comparative balance sheet with the increase or decrease in percentage,
Conclusion) 6, 4
Answer:
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Solution
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Trend
percentages
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Balance sheet as on 31 December
2005 to 2007
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|||||
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Assets
& Liabilities
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Amount
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Percentage
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2005
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2006
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2007
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2005
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2006
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2007
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Liabilities:
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Share
capital
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2,00,000
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2,50,000
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3,00,000
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100
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125
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150
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Q3. Working capital
requirement is determined by a wide variety of factors. Elaborate those factors
and explain all of them. (Explanation of all the factors) 10
Answer: Working Capital Requirement: In
the previous section, you have learnt about the objectives of working capital
management. In this section, you shall study about the determinants working
capital requirement. A firm should plan its operations in such a way
that it should have neither too much nor too little working capital. The
total working capital requirement is determined by a wide variety of
factors. These factors, however
Q.4.
Variance analysis is a tool for measuring performance and depends on the
principle of management by exception. Explain the uses of variance. From the
following information, calculate sales margin price variance and sales margin
volume variance.
(Uses
of variances, Calculation of standard margin price variance and sales margin
volume variance) 5, 5
ANS:
Uses of Variances
It is important to note that the
mere estimation of variances is not sufficient,but their analysis and
understanding the causes for variance is the ultimateaim to control costs.Thus,
variances are analysed for their
Q5. Explain the
various steps in Budgetary Control. Advantages of Budgetary Control. (Steps in
Budgetary Control, Advantages of Budgetary Control) 4, 6
Answer: Steps in Budgetary Control: In
the previous section, we studied about the objectives of budgetary control.
In this section, we will learn about the steps involved in budgetary control.
The various steps included in the budgetary control system are:
1.
Determination of organisational objectives – Budget is a tool for implementing
the organisational objectives and
Q6.
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Use the following information to prepare:
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A schedule of changes in working capital.
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|||||||||||||||||
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A funds flow statement of Sahana & Co.
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|||||||||||||||
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Balance Sheet of Sahana & Co.
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||||||||||||
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Liabilities
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31.03.2010
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31.03.2011
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Assets
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31.03.2010
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31.03.2011
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||||||||||||
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Capital
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1,85,000
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2,10,000
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Goodwill (at
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60,000
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60,000
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|||||||||||||||||
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P&L
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1,47,800
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1,76400
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cost)
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1,85000
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2,20,000
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|||||||||||||||
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account
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1,20,000
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90,000
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Land
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47,400
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52,400
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|||||||||||||||
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Bank
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40,000
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68,000
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andbuilding
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19,400
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19,400
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|||||||||||||||
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loan
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1,40,000
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1,22,000
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Plant
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82,600
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72,400
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|||||||||||||||
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Bills
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20,000
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18,000
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andmachinery
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1,20,000
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1,28,000
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|||||||||||||||
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payable
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Furniture
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80,000
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72,100
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|||||||||||||||
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Sundry
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Inventory
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50,000
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48,300
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|||||||||||||||
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Creditors
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Sundry
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8,400
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11,800
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|||||||||||||||
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Provision
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Debtors
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|||||||||||||||
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for
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Bills
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|||||||||||||||
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taxation
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Receivable
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|||||||||||||||
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Bank
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|||||||||||||||
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Cash
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|||||||||||||||
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||||||||||||||
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6,52,800
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6,84,400
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6,52,800
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6,84,400
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Schedule of changes in working capital
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5
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10
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Fund flow statement of Sahana & Co
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5
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Answer: Statement of changes in working
capital from 01.04.2010 to 31.03.2011.
Statement
of Changes
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Particulars
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Previous
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Current
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Working capital change
|
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period
|
period
|
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|
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Increase
|
Decrease
|
||
|
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||
|
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|
|
Get fully solved assignment. Buy online from website
online store
or
plz drop a mail with your sub code
we will revert you within 2-3 hour or immediate
Charges rs
125/subject and rs 625/semester only.
if urgent then call us on 08791490301, 08273413412
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