Honors 3rd Year Exam 2023 Held 2025
Department: Finance & Banking
Subject: Management Accounting:232407
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B-Part

  1. Differentiate between cost accounting and management accounting. 100%
  2. Show the difference between product cost and period cost. 100%
  3. Distinguish between variable cost and absorption cost. 100%
  4. What are the difference between standard costing and budgetary control?100%
  5. “Budgetary control is a tool of technique of management”-Explain. 100%
  6. Discuss the essentials of a good budgetary control. 100%
  7. State the limitations of management accounting?100%
  8. What is meant by management accounting? Discuss the career opportunities in management accounting. 100%
  9. Why do students of management need to study managertent accounting?99%
  10. Define management by exception (MBE).99%
  11. Classify cost on the basis of significance and behavior.99%
  12. Show the difference between fixed cost and variable cost.99%
  13. What are the assumptions of cost volume profit analysis?99%
  14. What do mean by relevant and irrelevant cost?99%
  15. Discuss the components of a master budget. 99%
  16. Briefly discuss the planning and control for product life cycle.99%

C-Part

  1. Discuss the role of management accounting in the decision-making process in a business organization. 100%
  2. What are the advantages of flexible budget?100%
  3. Show the four differences between fixed budget and flexible budget. 100%
  4. What are the uses of differential cost statement?100%
  5. “All future costs are relevant”-Do you agree?100%
  6. How does cost volume profit analysis help in management decision-making?100%
  7. What are the differences between direct cost and indirect cost? 100%
  8. Why ethics is important in management accounting? Explain. 100%
    9.Discuss the advantages of standard cost. Point out the potential problems with the use of standard cost.99%
  9. Is management accounting a profession? Discuss.99%
  10. Write down the objectives of preparing cost sheet.99%
  11. How can profit be increased without increasing sales in absorption costing?99%
  12. “Variable cost is fixed and fixed cost is varible” Explain.99%
  13. What are the differences between strategic planning and long-range planning?99%
  14. Distinguish between flexible budgets and master budgets. 99%
  15. Discuss the objectives of standard costing.99%
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