Answer the following questions.
Question 1) Explain management accounting and mention its advantages.
Question 2) Describe how management accounting is useful in different management functions.
Question 3) What do you mean by capital budgeting? Why is it significant for a firm?
Question 4) How far the financial statements are useful for the shareholders and creditors of the company?
Question 5) Mention the different classifications of ratios.
Question 6) Differentiate between funds flow statement and cash flow statement.
Question 7) Write down the limitations of budgetary control.
Question 8) Describe the assumptions and significance of Break-even analysis.
Question 9) Explain the duties and responsibilities of a management accountant.
Question 10) What are the merits and demerits of any two capital budgeting appraisal methods.
Question 11) Explain the different techniques of financial statement analysis.
Question 12) Write down the procedures to be followed in preparation of funds flow statement.
Question 13) Write down the ways in which marginal costing is useful in decision making of a firm?