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Important Questions of CMA

This document contains notes and important questions for the course "Cost and Management Accounting" for BBA 3rd semester students at SBS College, Ludhiana. It lists 10 long questions and 7 short questions covering key topics like management accounting, cost accounting, standard costing, variance analysis, ratio analysis, budgeting and financial statement analysis. The document also identifies ratio analysis and analysis/interpretation of financial statements as important chapters for practical questions. It was prepared by faculty member Ms. Hardeep Kaur for the 2020-23 batch of BBA students.

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Hardeep Kaur
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603 views2 pages

Important Questions of CMA

This document contains notes and important questions for the course "Cost and Management Accounting" for BBA 3rd semester students at SBS College, Ludhiana. It lists 10 long questions and 7 short questions covering key topics like management accounting, cost accounting, standard costing, variance analysis, ratio analysis, budgeting and financial statement analysis. The document also identifies ratio analysis and analysis/interpretation of financial statements as important chapters for practical questions. It was prepared by faculty member Ms. Hardeep Kaur for the 2020-23 batch of BBA students.

Uploaded by

Hardeep Kaur
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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BBA -3rd SEM COST & MANAGEMENT ACCOUNTING

CLASS: BBA 3RD SEM


Batch: 2020-23

COST AND MANAGEMENT


ACCOUNTING
(Notes as per Punjab Technical
University Syllabus)

Name of Faculty: Ms Hardeep Kaur

FACULTY OF Commerce and Management


SBS College, Ludhiana
BBA -3rd SEM COST & MANAGEMENT ACCOUNTING

IMPORTANT QUESTIONS
Long questions:
1. What do you mean by management accounting? What are its features and
objectives?
2. Difference between Cost, Financial and Management Accounting?
3. What do you mean by cost management? Discuss in detail
4. What is Cost control and cost reduction? How can you differentiate b/w cost
control and cost reduction?
5. What do you mean by analysis and interpretation of financial management?
What are the methods of financial analysis?
6. What is standard costing? What are its advantage and disadvantage?
7. What do you mean by variance analysis what are the different types of
variance analysis?
8. What do you mean by analysis of financial statements? What are its types?
9. What do you mean by ratio analysis? What are its uses and limitations?
10. What is budget? How can you differentiate between budget and
budgetary control? What are its advantages?

Short Questions:

1. Write any three advantages and limitations of Management accounting?


2. What is comparative statement?
3. What is trend analysis?
4. What is liquidity ratio?
5. What is Profitability ratio?
6. What is Solvency ratio?
7. What are the merits of budgetary control?

Important chapters for Practical Questions:

 Ratio Analysis

 Analysis and interpretation of financial statement

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