No. of Printed Pages : 4 MMPC–004
MASTER OF BUSINESS ADMINISTRATION / MASTER OF BUSINESS ADMINISTRATION IN BANKING AND FINANCE
(MBA/MBF)
Term-End Examination
December, 2024
MMPC–004 : ACCOUNTING FOR MANAGERS
Time : 3 Hours Maximum Marks : 100
(Weightage : 70%)
Note :
Attempt any five questions.
All questions carry equal marks.
1. Explain the basic structure of a Cash Flow Statement. Discuss the objectives and benefits of a Cash Flow Statement. Discuss in detail the types of activities taken into consideration for the preparation of a Cash Flow Statement.
2. Write short notes on any four of the following:
(a) Accounting as an Information System
(b) Business Entity Concept
(c) Classification of Accounts
(d) Inventory Valuation
(e) Money Measurement Concept
3. What are Absorption Costing and Marginal Costing? Describe the differences between them. Discuss the various methods used for segregation of semi-variable costs.
4. What is Activity-Based Costing (ABC)? Differentiate it from the Traditional Costing System and discuss its objectives, merits, and demerits. Explain the process of its application in organisations.
5. Explain the following:
(a) Performance Budgeting
(b) Zero-Based Budgeting
6. What is an Annual Report? Describe the information contained in the non-audited contents of an Annual Report and discuss their significance for investors.
7. What is Forensic Accounting? Provide an overview of corporate frauds and describe the concept of the Fraud Triangle.
8. A water pump company is producing a pump named "Shower". The budget in respect of this model for the current month is as follows:
| Budgeted Output | 200 Units |
|---|---|
| Variable Costs | ₹ |
| Materials | 1,32,000 |
| Labour | 26,000 |
| Direct Expenses | 62,000 |
| Total Variable Cost | 2,20,000 |
| Fixed Costs | |
| Specific Fixed Costs | 45,000 |
| Allocated Fixed Costs | 56,250 |
| Total Fixed Cost | 1,01,250 |
| Total Cost | 3,21,250 |
| Add: Profit | 28,750 |
| Sales | 3,50,000 |
Calculate:
(i) Profit with a 10% increase in selling price and a 10% reduction in sales volume.
(ii) The volume to be achieved to maintain the original profit after a 10% increase in material cost at the originally budgeted selling price per unit.
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