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S.B.Patil Institute of Management Course No.:101 Course Code: GC - 01 Course: Managerial Accounting

This document outlines the course structure for Managerial Accounting (Course No. 101). The course is divided into 5 sections assessing different levels of understanding - remembering, understanding, applying, analyzing, and evaluating. Students will be asked multiple choice and numerical questions to test their knowledge of accounting concepts, calculations, and analysis of business decisions using techniques like marginal costing. The assessments cover topics such as financial statements, cost accounting, budgets, variances, and decision making.

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venkatesh telang
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175 views9 pages

S.B.Patil Institute of Management Course No.:101 Course Code: GC - 01 Course: Managerial Accounting

This document outlines the course structure for Managerial Accounting (Course No. 101). The course is divided into 5 sections assessing different levels of understanding - remembering, understanding, applying, analyzing, and evaluating. Students will be asked multiple choice and numerical questions to test their knowledge of accounting concepts, calculations, and analysis of business decisions using techniques like marginal costing. The assessments cover topics such as financial statements, cost accounting, budgets, variances, and decision making.

Uploaded by

venkatesh telang
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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PCET’S

S.B.PATIL INSTITUTE OF
MANAGEMENT

Course No.:101

Course code: GC – 01

Course: Managerial Accounting


CO101.1 Remembering DESCRIBE the basic concepts related to Accounting,
Financial Statements, Cost Accounting, Marginal Costing,
Budgetary Control and Standard Costing
Q.1 5 out of 8 2 X 5 = 10 marks

• Fill in the blanks

1. Which of the following is a liability?


A. Cash B. Capital
C. Furniture D. Debtors

2. ________ are the amounts of cash or other assets taken by the owner from the
business for personal use.
A. Depreciation B. Creditors
C. Drawings D. Salary

3. _________ shows the financial position of the given date, generally on the last
date of the accounting period.

A. Balance Sheet B. Trial Balance


C. Trading Account D. Profit & Loss Account
CO101.2 Understanding EXPLAIN in detail, all the theoretical concepts taught
through the syllabus

Q.2 2 out of 3 5 X 2 = 10 marks

1. Explain Sunk Cost and Opportunity Cost.

2. Explain the Business Entity concept.

3. Explain the significance of a Journal.


CO101.3 Applying PERFORM all the necessary calculations through the
relevant numerical problems

Q.3 A or B 10 marks

• Numerical: Trial Balance is given, Prepare a


Trading Account, P& L and Balance sheet for the
year ended 31.3.2019
 Adjustments
o Closing Stock
o RDD
o Depreciation
o Prepaid Expenses
o Outstanding Expenses
OR
• Preparation of Cost Sheet
• Material Variances and Labour Variances
CO101.4 Analysing ANALYSE the situation and decide the key financial as
well as non-financial elements involved in the situation

Q.4 A or B 10 marks

• Numerical: Related to Marginal Costing

 Short-term Business Decision Techniques :


o Product Mix Decision
o Make or Buy Decision
o Accept or Reject Special Order Decision
o Shutting Down Decision
• The Xorient Shell Ltd. has submitted the following
data
Sales : 30,000 units
Fixed Cost : Rs. 68,000
Sales Value : Rs. 3,00,000
Variable Cost per unit : Rs. 6

You are required to calculate:


A. P/V Ratio, BEP (Sales) and Margin of Safety
B. Also calculate the effect of following
a. Increase 10% in Selling price
b. Decrease 10% in Selling price
c. Increase 10% in Variable Cost
d. Decrease 10% in Variable cost
e. Increase 10% in Fixed Cost
f. Decrease 10% in Fixed Cost
CO101.5 Evaluating EVALUATE the financial impact of the decision

Q.5 A or B 10 marks

• Numerical on:
 Cash Budget
 Flexible Budget
 Production& procurement Budget
 Cost Sheet
Numerical Sums will be asked on :

• Final Accounts of Sole Proprietary Firm

• Preparation of Cost Sheet

• Marginal Costing and Short-term business decisions

• Raw Material Purchase & Procurement Budget, Cash Budget,


Flexible Budget

• Material Variances and Labour Variances


.

Thank you

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