Tel: +91 9901366442
Email: aravind.banakar@gmail.com

An efficient system of costing is essential factor for industrial control

Financial and Cost Accounting   An efficient system of costing is essential factor for industrial control    Answer the following question. Q1. An efficient system of costing is essential factor for industrial control under modern conditions of business and as such may be regarded as an important part in the efforts of any management to…
Share Button
Read More →

Cost accounting is better understood as a cost control and cost reduction exercise

  Financial and Cost Accounting   Cost accounting is better understood as a cost control and cost reduction exercise   Answer the following question. Q1. Cost accounting is better understood as a cost control and cost reduction exercise and not a more cost ascertainment process”. Discuss. (10 marks) Q2. What one the limitations of financial…
Share Button
Read More →

Differentiate between Management Accounting and Financial Accounting.

Financial and Cost Accounting   Differentiate between Management Accounting and Financial Accounting.   Q1. Differentiate between Management Accounting and Financial Accounting. Q2. What one the objectives of cost accounting? What are its advantages and limitations? Q3. Explain briefly the objects advantages and limitations of costing. Q4. Discuss the limitations of financial accounting and explain the…
Share Button
Read More →

Discuss the limitations of financial accounting and explain the importance

Financial and Cost Accounting   Discuss the limitations of financial accounting and explain the importance    Q1. Discuss the limitations of financial accounting and explain the importance of cost accounting. Q2. “A Good system of costing must place the same emphasize on cost control as on cost ascertainment”. Comment on this statement (10 marks) Q3.…
Share Button
Read More →

Financial and Cost Accounting – Explain the advantages of cost accounting. What are the differences between cost accounting and Financial accounting

Explain the advantages of cost accounting. What are the differences between cost accounting and Financial accounting Financial and Cost Accounting   Q1. Discuss the limitations of financial accounting and explain the importance of cost accounting. Q2. “A Good system of costing must place the same emphasize on cost control as on cost ascertainment”. Comment on…
Share Button
Read More →

Financial and Cost Accounting – State the advantages of costing. How it aids the management and what objections are raised against cost accounts

State the advantages of costing. How it aids the management and what objections are raised against cost accounts Financial and Cost Accounting   Q1. What is the different between cost accounting and management accounting? (10 marks) Q2. Define costing. How does it differ from financial accounting? Explain its importance under present circumstances. (10 marks) Q3.…
Share Button
Read More →

Financial and Cost Accounting – What are the objectives of cost accounting

What are the objectives of cost accounting and what is the relation with Management accounting department Financial and Cost Accounting   What are the objectives of cost accounting and what is the relation with Management accounting department? Define costing. Discuss briefly the objectives and advantages of costing. Differentiate between idle cost and standard cost? Explain…
Share Button
Read More →

Financial and Cost Accounting – What are the objectives of cost accounting and what is the relation with Management accounting department

What are the objectives of cost accounting and what is the relation with Management accounting department Financial and Cost Accounting   Q1. State the objectives of cost accounting briefly explain the advantages of cost accounting Q2. Define “Costing”, “Cost” and “Cost Accountancy”. Distinguish between cost accounting and financial accounting. Q3. Define costing critically evaluate the…
Share Button
Read More →

Financial and Cost Accounting (2) – Discuss the limitations of financial accounting and explain the importance of cost accounting.

Discuss the limitations of financial accounting and explain the importance of cost accounting. Financial and Cost Accounting   Q1. Differentiate between Management Accounting and Financial Accounting. Q2. What one the objectives of cost accounting? What are its advantages and limitations? Q3. Explain briefly the objects advantages and limitations of costing. Q4. Discuss the limitations of…
Share Button
Read More →

State the objectives of cost accounting briefly explain the advantages

Financial and Cost Accounting   State the objectives of cost accounting briefly explain the advantages of cost accounting Answer the following question. Q1. State the objectives of cost accounting briefly explain the advantages of cost accounting. (10 marks) Q2. State the advantages of costing. How it aids the management and what objections are raised against…
Share Button
Read More →

State the objectives of cost accounting briefly explain the advantages

Financial and Cost Accounting   State the objectives of cost accounting briefly explain the advantages of cost accounting   Q1. State the objectives of cost accounting briefly explain the advantages of cost accounting Q2. Define “Costing”, “Cost” and “Cost Accountancy”. Distinguish between cost accounting and financial accounting. Q3. Define costing critically evaluate the arguments for…
Share Button
Read More →

What are the advantages of cost audit

Financial and Cost Accounting What are the advantages of cost audit Answer the following question. Q1. What are the advantages of cost audit? (10 marks) Q2. A good costing system is an involvable aid to management.” Discuss (10 marks) Q3. What are the objectives of cost accounting and what is the relation with Management accounting…
Share Button
Read More →

What is the different between cost accounting and management accounting

Financial and Cost Accounting   What is the different between cost accounting and management accounting   Q1. What is the different between cost accounting and management accounting? Q2. “Cost accounting is a system of foresight like prenatal care, but financial accounting is just a postmortem examination”. Critically examine this statement Q3. What one the limitations…
Share Button
Read More →

What is the different between cost accounting and management accounting

Financial and Cost Accounting   What is the different between cost accounting and management accounting   Q1. What is the different between cost accounting and management accounting? (10 marks) Q2. Define costing. How does it differ from financial accounting? Explain its importance under present circumstances. (10 marks) Q3. State the advantages of costing. How it…
Share Button
Read More →

What one the limitations of financial accounting

Financial and Cost Accounting   What one the limitations of financial accounting   Answer the following question. Q1. What one the limitations of financial accounting? How do you overcome item in cost accounting? (10 marks) Q2. Define costing critically evaluate the arguments for the installation of costing system in an industry. (10 marks) Q3. An…
Share Button
Read More →

Which are the different ways by which the cost can be analysed

Financial and Cost Accounting Which are the different ways by which the cost can be analysed Answer the following question. Q1. What is a trial balance? Explain its objective. (10 marks) Q2. Which are the different ways by which the cost can be analysed? (10 marks) Q3. What is cost accounting? What are its objectives?…
Share Button
Read More →

Which ratios will help in determining the long term solvency of a business and how

Financial and Cost Accounting Which ratios will help in determining the long term solvency of a business and how Answer the following question. Q1. Which ratios will help in determining the long term solvency of a business and how? (10 marks) Q2. A good costing system is an involvable aid to management.” Discuss (10 marks)…
Share Button
Read More →