Cost and Management Accounting

All question
HRM: 2203

First chapter:
1. Explain cost accounting, cost accountancy and costing?
2. Explain cost, expenses and loss with the example?
3. What do you mean by financial accounting? State limitation of financial
accounting?
4. How cost accounting asses company management?
5. Discuss the objectives of accounting?
6. Discuss the role of Management Accounting?
7. Explain advantages of cost accounting?
8. Discuss the method of Costing?
9. Discuss the techniques or types of Costing?
10. Define cost accounting system? discuss the features of cost accounting
system?
11. Difference between cost accounting and financial accounting?
12. What are the factors influencing cost accounting system?
13. Explain cost centre and cost units?

Second chapter:
1. Explain cost, expense and loss?
2. State the natural classification of cost?
 3. Discuss the classification of cost in term of cost behaviour?
4. What are the categories of fixed cost?
5. State the classification of cost in term of the degree of traceability to
product?
6. Discuss the classification of cost in term of association with product?
7. What are the reasons the selling and administrative expense should be e
treated as period cost?
8. What are the different types of cost on the basis of accounting period?
9. What are the different types of cost for decision making and planning?
10. What are the features of relevant cost?
11. Discuss join cost and common cost?
12. Explain cost control and cost reduction?
13. Difference between cost control and cost reduction?

Third chapter:
1. Define cost sheet? what are the components of cost sheet?
2. What are the advantages of Cost sheet?
3. What is tender cost sheet?
Fourth chapter:
1. What is CVP analysis ?
2. What are the assumption of cvp analysis?
3. State the benefits and the limitation of cvp analysis?
4. Show the graphical representation of cost volume profit analysis?
5. What is break even point?
6. What are the importance or uses of break even point?
 7. What is contribution margin?
8. What is margin of safety?
9. What is angle of incidence?
10.State the relation between angle of incidence, break even sales, margin of
safety?

Fifth chapter:
1. Define Marginal costing and absorption costing?
2. State difference between marginal costing and absorption costing?
3. Application advantage of marginal costing?
4. State limitation of marginal costing?
5. What is cost behaviour?

Sixth chapter:
1. What is relevant cost?
2. Define relevant range with example?
3. What are the features of relevant cost?
4. What do you mean by make or buy decision?
5. State difference between relevant and irrelevant cost?
6. What are the influencing factors of make-or-buy decision?
7. what is incremental cost?
8. State difference type of relevant and irrelevant cost?