Answer the following questions.
Question1) Why is accounting viewed as an information system? What are the concepts of Accounting?
Question2) Discuss the scope and functions of Financial Management. Also describe how the role of the financial manager differs from that of the accountant?
Question3) Describe working capital. Discuss the significance of Fund and Cash flow statements
Question4) Explain Cost Accounting? What are the different types of “Costs?
Question5) How is accounting information useful for the organization?
Question6) How will you manage “Cash”? How could you find out the “optimum cash” balance?
Question7) What do you mean by “Pay Back Period”? What are the reasons for its popularity between Businessmen?
Question8) How can we measure Revenue and Expenses? Describe with the help of appropriate examples
Question9) Enumerate features of an appropriate Capital Structure. What are its different determinants?
Question10) What do you understand by the term Balance Sheet? Describe the co-relation between Balance sheet and Profit and Loss Account.
Question11) Explain the term Variance. How do you compute the different types of variants?
Question12) Write short notes in about 250 words each:
(i) Budgetary control
(ii) Depreciation
(iii) CVP analysis