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Posted By: kewal singh paneser Member Level: Diamond Posted Date: 27 Aug 2007
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2005 Punjab Technical University M.B.A Business Administration Accounting for Management Question paper
PUNJAB TECHNICAL UNIVERSTIY
ACCOUNTING FOR MANAGEMENT MB 103 MAY 2K5
(MBA 1ST SEMESTER)
Time 3 hours Maximum Marks: 60
Note: Section A is compulsory. Attempt any Four questions from Section B.
Section- A Marks: 2 each
1.
(a) Discuss basic principles of accounting.
(b) What is the purpose of financial accounting?
(c) What is cash flow statement?
(d) What is principle of marginal costing?
(e) Discuss concept of social costing.
(f) What is meaning of Zero Base Budgeting?
(g) How prices are taken into account in costing?
(h) What is target costing?
(i) What is basic principle of accounting?
Section- B Marks: 10 each
2. Discuss the valuation model developed in HRA area. Which model do you prefer and why?
3. “Responsibility accounting lies in accounting, budgeting and reporting to organization and responsibilities”. Explain.
4. The statement of financial position does not show what the business is worth at the date of statement. Comment.
5. The balance sheet is said to be the statement of financial position of a company. Explain and discuss what financial position means to:
(a) Shareholder
(b) Banks
(c) Debenture-holder and
(d) Auditor.
6. Explain the various approaches for computing the cost of equity. Discuss the merits and demerits of each.
7. (a) Explain the concept of activity based costing.
(b) Role of accountant in an organization.
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