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CA IPCC & Final for Nov.14 Exam
IPCC
costing & FM
12 Days clz From 1-9-2014 2pm. - 8p.m.
Final
AMA
12 Days s clz
From 1-9-2014 7a.m. – 1pm.
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INFOTECH MODEL 2 for MAY 2014
Question NO.1
is compulsory.
Answer any five questions from the rest
1.Answer all following questions in
brief: 5 x 2 = 10
(a) What is Assembler explain the advantages /
limitations (2)
(b) what is a object code and where
is it used. (2)
(c) What do you mean by 'Replicated
database' ? (2)
(d) Describe the utility of a Gateway.
(2)
(e) differentiate File Volatility
and File Activity? (2)
2. (a) What are various
transmission techniques (4)
(b) Explain the architectures of
DBMS (4)
3.(a) Discuss the sequential file
organization (4)
(b) What are types of internet
servers (4)
4.a)Explain different types of
electronic Fund Transfer . (4)
b) Discuss backup and recovery
strategy (4)
5) The income-tax for
the employees of an organization is calculated on the basis of their gross income and the investments made by
them, under section 80 CC. the taxable income is calculated according to the
following rules :
Taxable
income =Gross Income – Investments provided investments are less than 1
lac.otherwise
Taxable
Income = Gross Income – 1,00,000
Following
rules are applied to calculate the Income-tax on the taxable income
Taxable income | Income-tax |
0-1,60,000 | Nil |
1,60,001-3,00,000 | 10% on the excess of 1,60,000 |
3,00,001-5,00,000 | 14,000 + 20% on the excess of 3,00,000 |
5,00,0001 and above | 54,000 + 30% on the excess of 5,00,000 |
Also an educational cess of 3% of income-tax is levied on all the employees,
irrespective of the income.
Employee number, Name, Gross Income, Investment amount is
given as input . Draw a flow chart to calculate the Income-tax payable for 100
employees.
6. (a) Explain the components of
Expert system? (4)
(b) How does CRM improve customer
relationship (4)
7.Answer any four questions: 2*4=8
(a) explain Asynchronous mode of transmission
?
(b) Explain types of IDS?.
(c) Explain web hardware and software ? .
(d) Write a note on Encryption ?.
(e) What is a alternate key or
Candidate key
INFOTECH MODEL 3 for may 2014
Question NO.1 is compulsory.
Answer any five questions
from the rest
1.Answer all following questions in
brief: 10 x 1 = 10
(a) Dataware house (b) Spooling.(c)
Ethernet (d) Set/jet e) Broker
f) Message switching g) Radio wave
h) Real time i) Channel j ) FTP
2. (a) Distinguish GUIDED and
UNGUIDED MEDIA (4)
(b) Explain the functions of
Operating Systems (4)
3.(a) Explain the characteristics
of Client server(4)
(b) What are the types of Disaster
recovery Plan for Eliminating down time ? (4)
4.a) Explain various type of
Network structures (4)
b.) What are the types of database
Structures ?(4)
5.a) Draw a flowchart which reads the following Customer name , model number, no.of days hired
calculate and print Customer name, model number , Hire charges, Discount amt ,
nett amt including the deposit of 500
rupees(5)
Model Alto car | Charges/day 800 |
Indica | 900 |
Innova | 1500 |
Others | 2000 |
The hirer gives the discount as
follows
b.) What are the types of Decision
Tables (2)
6. (a) Distinguish advantages and
concerns of datawarehouse(4)
(b)What are the constituents of
data ware house (4)
7.Answer any four questions: 2*4=8
(a) Firewall ?.
(b) Types of System software ?.
(c) What is shareware and open source software.
(d) Write about OOP / L ?.
(e) What are the industries which are affected
by M-commerce
(GOOD LUCK)
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Chap 1
1) a) What
are the types of systems Explain the characteristics of subsystem?
b) What is Information and what are its
attributes? what are the components and characteristics of CBIS ?
2)a) Discuss the Constraints and limitations MIS?
b)
Explain the effect of applying comp.tech on MIS? List down the misconceptions
or myth about ERP and limitations of
ERP?
3)a)What
is DSS ? What are the components of DSS?
b)what do
you understand from the term "database" how is it implemented in three
different levels ? Explain the characteristics of EIS?
c) What
are the components of expert system ?
Chap 2
4)a) What
is SDLC ? Explain the strength and
weakness of Traditional / incremental approach?
b)Why
organizations fail to achieve system development objectives?
c) Read
the below case and answer the following
with proper justifications:
An organization is in
the stage of system development to implement an enterprise wide information
system, where the following conditions exist:
·
End users are not
aware of the information needs
·
The new system is
mission critical and there is a hasty need.
·
The business risks
associated in implementing the wrong system are high.
Identify
the type of system development approach and the steps to be followed in the
above stated conditions.
a. Justify the reasons for choosing the particular
approach for system development.
b. What
are the Strength & Weakness of the approach selected
5)a) List
the sequence in system development Methdology?
b) What
is DFD ? Explain with an example ?
c) What
are various fact finding techniques ?
d)
Explain the sequence involved in studying about existing system ?
e) What
are the various types of test plan explain Integrated test plain detail?
6 )a)
What are the factors to be considered
while designing Input/output ?
b) What
is a logical and physical design ?
c)
explain the post implementation evaluation ?
7) a)list
down the various conversion strategies? What is Regression testing?
b) What are the various type of system
maintenance?
c)
Training in new system is utmost important because a success of the system
depends on the training in this regard what type of training is to be provided
for operators and users ?
Chap 3
9) a) Discuss
the impact of computers on internal audit ? What are the cost involved in implementing
and operating controls ?
b) List
out the importance of audit trial ? What is the basis of information classification
to consider the level of protection ?
c) Explain the four categories of control (or)
Explain the categorization of controls ?
(1.1) What control can be established for
control over data Integrity , privacy and security?
(1.2)
Explain Intrusion detection, virus protection and Access control mechanism ?
(1.3)
What are the various risk associated with Technical Exposures?
(1.4)
Describe the auditor role in evaluating logical access controls ?
Chap 4
10) a)
Explain the methodology adopted by the Auditor in audit testing ?
b) What
should be the contents of audit findings & reporting?
c) Explain the various concurrent audit
techniques ? What are the advantages and disadvantages of continuous audit technique?
d) what
approach the ISA has to adopt while reviewing the operating system ? types of
Hardware testing?
Chap 5
11)a)
What is i) Vulnerability & Threat ii) Risk & Exposure iii) Qualitative
techniques iv) Attack?
b) Explain
the threat due to cyber crimes ? what is risk assessment ? What are the areas
to be focused?
c) What
is Residual risk? Discuss the areas of consideration of Risk?
d) What
are various common risk management strategies ? (AMTR)
e) how is
data classification done in risk management process?
f)
Explain Risk ? What are various threats to computerized environment ?
chap 6
12) a)
Explain the methodology of developing a BCP? Discuss Single point of failure?
b) As a
information system auditor what control measures will you check in minimize
threat, Risks and exposure to a computerized system ?
c) Discuss
the various types of backup for the system and data together? Write short notes on fundamental factors for
selecting the media suggest the tips on backup also?
d) List
out the Disaster recovery procedural plan document ? what are the types / kinds
of Insurance ?
d)
Describe the audit tools and techniques available for simulation ?
Chap 7
13) a)
Define ERP? What are the characteristics and features of erp?
b)Explain
the ERP implementation methodology?
c)
Explain the Risk and Governance issues in and ERP? ***
d)
explain the post implementation or life after implementing ERP?
e) What
are key planning implementation decisions of ERP?(refer case study 7.40 page)
chap 8
14)a) What
are the things to verified under ISO 27001(BS7799 part ii)
b)The Health Insurance Portability and Accountability Act (HIPPA).
There is a security rule issued under the Act which lays out three types of
security safeguards required for compliance. What are those conditions under
these safeguards for which the company should look after explain them in
detail.
c) Explain the capability
maturity module or model?
d) SAS 70 auditor report under title I and title II?
chap 9
15? What
is security objective ? what is holistic information protection approach ?
b)
Discuss the contents for developing a audit program document ? Discuss Asset classification and
security classification ?
c) What
kind of working papers and documentation you will prepare for audit working and
documentation?
d)
Explain the physical and environmental security of each site ?
e)
explain the scope of IS audit ? what are the contents of a standard Information
system audit ?
chap 10
16) IT
act imp topics :differences between 2000 and 2008 it act
Section 2,7,30,41,43,44,57,58,85,87,89 chap xi,xiii
?
17) Short
notes 
* System
stress/entropy/supra system / RAD model/Bench marking / Data Dictionary /Access
list/ Biometric devices /types of physical locks/Multiyear test plans/ / COBIT
5 Enablers /COSO / Electronic Signature certificate /
Note
For case studies
asked till now refer the practice manual issued on or after jan 13, in this
question 6,8,9 has not been asked ?
1 | In case studies the |
2 | Write it in |
3 | Topics 4,5,6,7,9,10 put together constitute 55-65 |
4 | Topic 2 is reflected once again in chap 3 ,4,8 |
 |
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No.222, RK Mutt Road, 2nd Floor, Next to Canara Bank, Opp.
to TVS Showroom, Mandaveli, Chennai – 28, 044-24622694 / 9841661405 visit www.cahariharan.blogspot.com
*** **** *** *** *** *** *** *** ***
*** *** *** ***
IMPORTANT THEORY QUESTIONS
ADVANCED MANAGEMENT ACCOUNTING
FOR CA Final – May. 2014 EXAM
1. Short notes on:
· Three core concepts of TQM
· Six sigma
· Continuous process improvement.
· Zero based budget.
· Dual plan
· Cost plus pricing
· Business process re-engineering
· Price discrimination
· Types of activities in ABC
· Peak load pricing
2. Distinguish
between:
· Value engineering and Value analysis
· Partial plan and single plan
· Traditional management accounting
and value chain analysis
· Traditional absorption costing and ABC
· Value added & non-value added
activities
· Monopolistic competition vs. oligopoly
· Going rate pricing and sealed bid
pricing
· Skimming pricing and penetration pricing
· Dual rate and two part transfer pricing
3. Explain Curvilinear
CVP analysis & its assumptions
4. Explain Throughput
accounting Ratio
5. Explain in detail the
varies method of accounting in standard costing
6. Explain TQM , Stages
in implementation & Six C's and 4P's
.
7. Explain Continuous
process improvement
8.
Discuss the non-cost factors to be considered for deciding in favour of shut
down
9.
Identify the circumstances it may be justifiable to sell at a price bellow
marginal cost 10. Identify the Non-cost factors to be identified in making
make/buy decision.
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
and the areas where ABC can be used as a decision making.
24Discuss various types of Competitive
pricing
25. List down the conditions to be
satisfied for price discrimination
26. Identify the pricing practices where
non-cost reasons are important in setting prices.
27. Define Pareto analysis and its area
of application.
28.How effective is JIT in elimination
of wastage of resources.
29. What do you mean by back flushing in
a JIT system?
30. List down the
objective of MRP
31. List down the minimum
data requirements to operate MRP system.
32. List down the goals
and performance measures for each perspective of balance scorecard.
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COSTING AND FINANCIAL MANAGEMENT
IMPORTANT THEORY QUESTIONS
FOR CA IPCC – May.2014 EXAM
1) Short notes:
-
Responsibility centre
-
Differential cost
-
Pre-production cost
-
Opportunity cost
-
Out-of-pocket cost
-
Conversion cost
-
Retention money
-
sunk costs
-
Discretionary costs
-
Escalation clause
-
Idle time
-
ABC analysis
-
Key factor
-
integrated accounting
system
-
split off point
-
Angle of incidence
-
External Commercial
Borrowings (ECB)
-
Debt securitization
-
Zero Coupon Bonds
-
Aging schedule
2) Differentiate:
-
Product costs & period costs
-
Controllable & uncontrollable
-
Implicit costs& explicit costs
-
Bin Cards
& Stores Ledger
-
cost
reduction and cost control
-
cost centre vs. cost unit
-
Casual Worker and Outworker
-
Allocation and apportionment
-
BOM Vs.MRN
-
Perpetual inventory &
continuous stock taking
-
Time Keeping and Time
Booking
-
Job Evaluation & Merit Rating
-
Marginal costing and
absorption costing
-
Fixed and flexible budget
-
Blanket overhead rates & departmental
rates
-
Job & contract
costing
-
Operation cost &
operating cost
-
Job costing & process
costing
-
Job Vs. batch costing
-
Joint-product and
by-product
-
Profit maximization vs.
wealth maximization
-
Implicit vs. Explicit cost of capital
-
Working capital cycle
-
Open ended & close
ended lease
-
Business risk &
financial risk
-
funds flow statement
& cash flow statement
-
ADR Vs. GDR
-
Concentration banking
& lock box system
-
Miller – Orr cash
management model
-
Bridge finance and seed capital assistance
3) Differentiate between WASTE and SPOILAGE and its
cost accounting treatment
4) Discuss the concept of overtime premium & its accounting
treatment
5) Identify the causes of labour turnover
6)
Enumerate the objectives of cost accounting
7)
Discuss essential features of a good cost accounting system
8) Methods of
segregating Semi-variable costs into fixed and variable costs
9) Costs which are associated with labour turnover
10)Treatment
of under-absorbed overheads in cost accounting
11)List down the advantages of cost plus contract
12)Discuss the accounting
treatment of by-product
13)Discuss
cost-volume-profit analysis
14)Discuss General ledger adjustment account
15)Costing accounting
treatment of under absorption and over absorption of overhead
16)
Discuss the role of CFO.
17)List down the functions
of the treasury department:
18)Enumerate the
pre-requisites for integrated accounts
19) Identify the causes for differences between
Income under cost and financial accounts
20)Discuss basic aspects of
financial management
21)List down characteristics
of source of funds
22)Different types of
packing credit facilities
23)List down the features of
commercial papers
24)Discuss the types of
floats in the context of cash management
25)Discuss the procedure for
factoring
26) Methods of computation of time value of
money
27) List down the assumptions in capital
structure theories
28) List down the assumptions under Modigliani
and miller approach (MM)
29) Brief on concept of trading on Equity
30) Discuss Modified internal rate of return
method
31) Define optimum capital structure and its
benefits.
32) Need for debt service coverage ratio
33) Discuss Du Pont chart for calculating
return on equity
34) List down methods of Venture Capital
Financing
35) Briefly discuss lease financing
36) Discuss on ploughing back of profit
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