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ADVANCED MANAGEMENT ACCOUNTING
IMPORTANT THEORY QUESTIONS
FOR CA Final – Nov. 2012 EXAM
1. Distinguish between:
· Partial plan and single plan
· marginal costing and absorption costing
· Traditional management accounting and value chain analysis
· Traditional absorption costing and ABC
· Value added & non-value added activities
· Monopolistic competition vs. oligopoly
2. Short notes on:
· continuous process improvement.
· Breakeven chart
· Dual plan
· Curvilinear cvp analysis
· Angle of incidence
· throughput accounting
· Value engineering
· Budget manual
· Committed Cost
· Cost plus pricing
· Business process re-engineering
· Penetration pricing strategy
· six C's and 4P's are of TQM
3. Discuss disposal of variances in standard costing
4. "Use of absorption costing method for the valuation of finished goods inventory provides incentive for over-production." Elucidate the statement
5. Discuss the non-cost factors to be considered for deciding in favour of shut down
6. Discuss the assumptions to be considered under CVP.
7. Identify the circumstances it may be justifiable to sell at a price bellow marginal cost
8. Discuss the limitations of using the marginal costing technique
9. Identify the Non-cost factors to be identified in making make/buy decision.
10. Briefly explain the advantages of Zero based budget.
11. Discuss the objectives of transfer pricing system and various methods of Transfer pricing.
12. Brief on how the Transfer pricing conflicts can be resolved effectively?
13. Disadvantages of treating divisions as profit centres
14. List down the important features of target costing system
15. Highlight the points to be borne in mind before implementing a target costing system.
16. What is the significance and features of product life cycle costing.
17. Briefly explain objectives & pre-requisite of uniform costing
18. Pre-requisites of installing inter-firm comparison system
19. Identify the Steps involved in value chain analysis approach for assessing competitive advantages.
20. List down method of costing to be adopted in service sector
21. Identify the conditions to be satisfied for a cost to be classified as relevant cost.
22. Area in which applications of incremental cost techniques in making managerial decisions
23. Identify the need for ABC costing.
24. Discuss various types of activities.
25. Identify the areas where ABC can be used as a decision making.
26. Discuss various types of Competitive pricing
27. List down the conditions to be satisfied for price discrimination
28. Identify the pricing practices where non-cost reasons are important in setting prices.
29. Define Pareto analysis and its area of application.
30. Discuss the three core concepts of TQM.
31. Brief on stages in the implementation of TQM.
32. How effective is JIT in elimination of wastage of resources.
33. What do you mean by back flushing in a JIT system?
34. List down the objective of Material requirement planning
35. List down the minimum data requirements to operate material requirement planning system.
36. List down the objective of theory of constraints
37. List down the goals and performance measures for each perspective of balance scorecard.
