Scope of Management accounting
Write down the scope of Management accounting?
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i) Financial Accounting
ii) Cost Accounting
iii) Revaluation accounting
iv) Control Accounting
v) Marginal Costing
vi) Budgetary Control
vii) Financial Planning and
viii) Break Even Analysis
ix) Decision accounting:
x) Reporting
xi) Taxation
xii) Audit
Give a brief introduction of the term ‘Dual Aspect Concept’?
Give a brief introduction of the term Repeated distribution method?
Give a brief introduction of the term ‘Accounting Period Concept’?
Write down the demerits of IFRSs.
What are the three best golden rules of accounts?
What are the roles of collections?
Give a brief introduction of the term ‘ABC Analysis’ and also write down is merits?
Briefly explain the term Deferred Revenue?
How are deferred expenditures dealt with in profitability statement?
Describe a brief contrast on the term ‘Financial Accounting’ and ‘Cost Accounting’?
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