management_accounting seminar apr 2011

MANAGEMENT MANAGEMENT ACCOUNTING

B Y M U H A M M A D FA R O O Q A A R B I A N I( 0 3 2 1 - 8 7 2 2 6 1 4 )

Index

General Mistakes CVP Break even Analysis

Marginal and absorption costing

Activity Based Costing

Pert Networking

Learning CurveActivity Based Costing

Process Costing

Learning Curve

Budgeting

Decision Making

Working Capital

Question Paper Winter 2010 (Q-1) Pg-1


Pricing

Standard Costing

Question Paper Winter 2010 (Q-2)

Q ti P Wi t 2010 (Q 3) Standard Costing

Liner Programming



Index

Question Paper Winter 2010 (Q-4) Pg-2 Question Paper Winter 2009 (Q-1) Pg-1


Question Paper Summer 2010 (Q-1)


Question Paper Winter 2009 (Q-2&3)Question Paper Summer 2010 (Q 1)

Question Paper Summer 2010 (Q-1&2)

Question Paper Winter 2009 (Q 2&3)

Question Paper Winter 2009 (Q-3&4)



Question Paper Winter 2009 (Q-4&5)


Question Paper Summer 2010 (Q-4&5)

Q ti P S 2010 (Q 5)


Q i P Wi 2009 (Q 6) P 2 Question Paper Summer 2010 (Q-5)



Best Of Luck

General MistakesIndex

Start preparation from past papers rather than books

Not given attention to Management accounting as it i drequired.

Syllabus not fully covered Syllabus not fully covered.

Examination Question are not completely understand Examination Question are not completely understand.

Lack of time management in examination g

Topic wise coverage Index

Marginal and absorption costingg p g

1. Problem in calculating under / over absorbed Fixed FOH

2. Problem when Process cost is involved.

3. Problem when Standard costing is involved


Activity Based Costingy g

1. Problem in allocating cost to activity cost pool

2. Problem in selection of suitable cost driver


Process Costing

1. Problem in calculating Equivalent Production Units (EPU)

2. Problem in identifying whether Normal loss is at beginning or at end

3 Problem in calc lating nits of normal and abnormal loss/ gain3. Problem in calculating units of normal and abnormal loss/ gain

4. Problem in identifying cost method either FIFO or Average costing (if not given in the question paper)g ( g q p p )

5. Under estimate of Process costing because examiner do not give direct question from process.


Decision Making g1. Most Important Topic of Management Accounting

2 Problem in identifying relevant and irrelevant cost2. Problem in identifying relevant and irrelevant cost

3. In most of decision making question examiner check concepts of th t i i P ti J i t d t/B d t tother topics i.e Process costing, Joint product/By-product etc.

4. Lacking to take assumption when questions are silent

5. Most time waste to solve this question


Working Capital g p

1. Problem in understanding of topic

2. Problem in numerous calculation involved

3. Problem how to start the question

4 Problem in applying the EOQ concept4. Problem in applying the EOQ concept


Pricingg

1. Most difficult and ignored topic

2. Economics concept are used in this topic


Standard Costing g

1. Student just memorized the formulas rather than trying to get the f h f lconcept of the formulas

2. Most students are always confused among the concept of budget, standard and actual.

3. Students normally dont have the concept of planning and operation y p p g pvariances.


Liner Programmingg g

1 Problem in identify questing relating to liner programming or1. Problem in identify questing relating to liner programming or ranking method.

D t h th t f h d i i t d t k h t2. Do not have the concept of shadow price i.e. students know how to calculate the shadow price but usually they dont know what is the exact meaning of it.


CVP Break even analysis y

1. Most of the students just memorized the standard formula before i i i h llgoing to examination hall.

2. Students dont know how to pick the information from question to place in the standard formula


Pert Networking g

1. Students do not give full attention to this topic

2. Most secured topics to gain marks in examination p g


Learning Curve g1. General perception that topic is covered only with the application of

formula

2. Problem in using learning curve table

M t f ti t d ith l l ti l ti3. Most of questions are not end with calculating cumulative average time per unit rather then it link with some decision making concept


Budgetingg g

1. Forecasting of income statement

2. Cash budgeting

3. Component of master budgetp g

Question Paper Winter 2010 (Q-1)Index

Question Paper Summer 2010 (Q-1)Index

Question Paper Summer 2010 (Q-1 & 2)Index

Question Paper Summer 2010 (Q-4 & 5)Index

Question Paper Winter 2009 (Q-2 & 3)Index

BEST OF LUCKIndex

CONTACT

Cell : 0321-87226143 7 4

Email: [email protected]

management_accounting seminar apr 2011

Documents

question paper summer

index question paper

examination question

direct question

question paperg g q

q i p wi

q ti p s

q ti p wi t