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Posted By: Vidya Member Level: Diamond Posted Date: 06 Jun 2008
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2007 Indira Gandhi National Open University (IGNOU) M.C.A Computer Aplications CS-54 : FINANCE & ACCOUNTING ON COMPUTERS Question paper
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MCA (II Yr)
Term-End Examination
December , 2007
CS-54 : FINANCE & ACCOUNTING ON COMPUTERS
Time : 3 hours Maximum Marks :75
Note: Question number 1 is compulsory. Answer any three questions from the rest. Question 5 is of 30 marks and the remaining questions are of 15 marks each.
1. (a) Distinguish Management Accounting from Financial Accounting. (Mark 6)
(b) Discuss ‘Business Entity Concept’ and ‘Convention of Disclosure’ under generally accepted accounting principles. (Mark 9)
2. (a) What is depreciation? Why is it changed on fixed assets? Discuss various factors which are considered for calculating depreciation. (Mark 7)
(b) What do you understand by ‘Cash Flow Statement’? Explain its importance to management. (Mark 8)
3. (a) What do you understand by cost? Explain its different elements. (Mark 6)
(b) ‘Ashok Ltd.’ Which has adopted standard costing furnishes the following information: (Mark 9)
Actual :
Output 2,10,000 units
Material used –2,80,000 kg
Cost of material –Rs. 2,52,000
Standard :
Materials for 35 units
Finished Product =50 kg
Price of Materials =Re. 1per kg
Calculate
(a) Material cost Variance
(b) Material Usage Variance
(c) Material Price Variance
4. (a) What is meant by ‘Financial Leverage’? Give its formula and example. (Mark 6)
(b) “Budgetary Control brings planning, coordination and control”. Elucidate the statement. (Mark 9)
5. (a) Mehra Company Ltd. Is considering the purchase of a machine. Two machines, X and Y are available, each costing Rs. 50,000. Earnings after taxation are expected to be as follows: (Marks 15)
(Refer figure 5(a))
Evaluate the two alternatives according to Net Present Value method. A discount rate of 10% is to be used. Corresponding PV factors @ 10% are as follows:
(Refer figure 5(a1))
(b) Write short notes on the following: (Mark 15)
(i) Determinants of Capital Structure
(ii) Determinants of Working Capital
(iii) Zero Base Budgeting
Attachments:
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