Gujarat University MBA Papers

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Hi sir I want to known about the MBA Accounting For Managers question paper please give me detail and some previous year paper?

[Shaleen]

As you want to known about the question paper for the subject of MBA Accounting For Managers here is the detail of it

1 Answer the following questions : (any two)
(a) State true or false with explanation :
(1) Tallied trial balance is a proof of correct accounting records.
(2) As the total tax advantage on depreciation is same under SLM and WDV, the management is indifferent as regards the selection of depreciation method to avail the tax advantage.
(3) Generally the physical issue of inventory is made under FIFO sequence, even if the company follows LIFO.
(4) Under AS-11, foreign exchange losses on the purchase of the fixed assets are capitalised.
(5) As per sec. 205 of the Companies Act, 1956, for ascertaining the divisible profits, the depreciation on fixed assets is required to be provided as per the rates prescribed in the Income Tax Act, 1961.
(6) Where ROI is higher than the interest rates on the long term debt funds, it always results into higher ROE.
(7) Despite the huge profitability, sometimes the business firms face cash shortage condition.

(b) Explain the following :
(1) Various impacts of the transactions of the balance sheet.
(2) The need for the closing entries.
(3) Compensating error.
(4) (i) Accounting period concept
(ii) Cost concept.

2 (a) Following details relate to a fixed asset of the Deepak 20
Ltd.
Initial cost : Rs. 5,00,000
Estimated life : 10 years
Required :
(1) Calculate the depreciation for the first two yearsunder (b) WDV
(2) If the tax bracket of the company is 40% then calcualte the tax advantage on depreciation for both these years under each method.
(b) Briefly explain the following methods of the inventory
valuation : (1) FIFO (2) LIFO (3) Weighted Average.
Also explain the impact of the FIFO method on the gross profits under the rising price trend.

3 Answer the following : (any two)
(a) Briefly explain AS-11 provisions relating to a foreign branch.
(b) Discuss the SEBI regulation on the publication of the quarterly accounting information.
(c) Explain AS-8 relating to the ”Accounting for Research and Development.“
(d) Evaluate the utility of the cash flow statement.

Gujarat University previous year paper MBA Accounting For Managers