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Final Exam Set A Maf

This document contains instructions and questions for a Masters in Business Administration end of semester examination for the course Managerial Accounting & Finance. The exam will take place on May 20th, 2023 from 2-5 PM. It contains one section with 4 questions. Question 1 asks students to explain differences between financial and managerial accounting, accounting concepts, and define accounting terms. Question 2 provides a trial balance and asks students to prepare financial statements. Question 3 provides production information and asks students to calculate break-even point, margin of safety, and profits at different sales levels. Question 4 provides cash flow information for two machine alternatives and asks students to calculate various capital budgeting metrics to determine the best choice.

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Zeyad Tareq Al Sarori
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82 views6 pages

Final Exam Set A Maf

This document contains instructions and questions for a Masters in Business Administration end of semester examination for the course Managerial Accounting & Finance. The exam will take place on May 20th, 2023 from 2-5 PM. It contains one section with 4 questions. Question 1 asks students to explain differences between financial and managerial accounting, accounting concepts, and define accounting terms. Question 2 provides a trial balance and asks students to prepare financial statements. Question 3 provides production information and asks students to calculate break-even point, margin of safety, and profits at different sales levels. Question 4 provides cash flow information for two machine alternatives and asks students to calculate various capital budgeting metrics to determine the best choice.

Uploaded by

Zeyad Tareq Al Sarori
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 6

Matric Number :

UNIVERSITY OF CYBERJAYA (UoC)


PERSIARAN BESTARI, CYBER 11
63000 CYBERJAYA
SELANGOR DARUL EHSAN

MASTERS IN BUSINESS ADMINISTRATION


END OF SEMESTER EXAMINATION
SESSION TRIMESTER II 2022/2023 SET A

COURSE CODE : MBA 5214


COURSE TITLE : MANAGERIAL ACCOUNTING & FINANCE
DATE / DAY : 20TH MAY 2023/ SATURDAY
TIME : 2.00PM -5.00PM
DURATION : 3 HOURS

INSTRUCTIONS TO CANDIDATES

1. Do not open this Question Booklet until you are instructed accordingly.

2. This question booklet consists of ONE (1) SECTION, namely Section A.

3. Please read the instructions carefully before you attempt any question.

4. No books, notes, paper, or other materials in candidate’s their possession during the
examination unless their use has been specifically permitted.

(This question paper consists of 5 printed pages inclusive of this page)

MBA 5214 MANAGERIAL ACCOUNTING & FINANCE 1


Matric Number :

SECTION A (100 marks)


PLEASE ANSWER ALL QUESTIONS

Question 1 (Total: 25 marks)


I. Explain the differences between financial accounting and
management accounting. (12 marks)

II. Briefly explain the following accounting concepts:


(a) Economic Entity Assumption. (3 marks)
(b) Going Concern. (3 marks)
(c) Historical Cost Concept. (3 marks)

III. Define and give TWO (2) examples of the following terms:
Current assets (2 marks)
Current liabilities (2 marks)

MBA 5214 MANAGERIAL ACCOUNTING & FINANCE 2


Matric Number :

Question 2 (Total: 25 marks)

From the following trial balance of G Elliot, you are asked to draw up Financial Statement for
the year ended 31 December 2021.

Dr Cr
RM RM
Sales 28,545
Purchases 16,440
Inventory as at 1 January 2021 4,330
Carriage inwards 105
Carriage outwards 176
Returns inwards 235
Returns outwards 169
Wages 4,750
Insurance 320
Advertising 205
Motor expenses 96
Capital 28,991
Drawings 1,160
Premises 15,600
Equipment 3,340
Vehicles 7,850
Accounts Receivable 3,265
Accounts Payable 2,876
Bank 1,560
Cash in hand 745
Sundries 404
60,581 60,581

Inventory at the close of business was valued at RM5,690

Required :

a) Statement of Comprehensive Income for the year ended 31st December 2021.
(13 marks)
st
b) Financial Position as at 31 December 2021. (12 marks)

MBA 5214 MANAGERIAL ACCOUNTING & FINANCE 3


Matric Number :

Question 3 (Total: 25 marks)

Laser Sdn Bhd manufacturers and sells a single product. The following information is available
for 2008:

Production and sales units 12,000

RM per unit
Selling price 55
Direct material 12
Direct labour 11
Variable overhead 10

Fixed overheads in total:


RM
Production 50,000
Administration 40,000
Selling 20,000

Required:

(a) Calculate the contribution / sales ratio.


(4 marks)
(b) Calculate the break-even point in units and in sales value.
(4 marks)
(c) Calculate the margin of safety in percentage of sales.
(5 marks)
(d) Calculate the sales value required to achieve a targeted profit of RM90,000.
(3 marks)
(e) Calculate the likely profit or loss, should the sales volume be 15,000 units.
(3 marks)
(f) Assume in year 2009 that selling price will increase by 20% and variable costs will
decrease by 10%. Calculate the revised break-even point in units and in sales value.
(6 marks)

MBA 5214 MANAGERIAL ACCOUNTING & FINANCE 4


Matric Number :

Question 4 (Total: 25 marks)


Boateng Chamakh is considering acquiring new machinery to expand its production capacity.
Two alternative machines have been identified.

Machine A would cost £310,000 and machine B would cost £275,000.

Both machines would have a useful life of six years, with no residual value.

Operating cash flow savings, are forecast as follows:

Machine A Machine B

Year £ £

1 80,000 70,000

2 80,000 75,000

3 80,000 80,000

4 60,000 80,000

5 60,000 80,000

6 60,000 80,000

The company’s cost of capital is 12% per annum.

Required:

a) Payback period (4
marks)
b) Net Present Value (6 marks)
c) Internal rate of Return (10
marks)
d) Profitability Index (4 marks)
e) Advice the company to choose the suitable machine
(1 mark)

MBA 5214 MANAGERIAL ACCOUNTING & FINANCE 5


Matric Number :

-END OF QUESTION -

MBA 5214 MANAGERIAL ACCOUNTING & FINANCE 6

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