If you are on this Page You Want to Download IGNOU MCO-05 Important Questions 2021 Accounting for Managerial Decisions In this section, You will find all the Exam important Questions of all courses which are divided by the Section “SEMESTER WISE”.
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- Makes the revision process quick
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In this Important Question, you will cover all the Important Topics, Question, Chapter summary, Book Question, and Many More kinds of Stuff.
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IGNOU MCO-05 Important Questions Download in English Medium
| S.No | Read These Question |
| 1 | What is the importance of comparative statements to management ? How are these statements prepared ? Elucidate. |
| 2 | What is meant by Standard Costs ? How are the standards fixed ? Illustrate your answer. |
| 3 | Define ‘Responsibility Accounting’. Discuss its salient features. |
| 4 | Explain the term ‘Budgetary Control’ and mention some of its advantages. On what does the success of such control depend? |
| 5 | What is Break-even Analysis ? Discuss the assumptions, uses and limitations of this techn |
| 6 | Explain different types of Accounting concepts which guide the accountant at the recording stage. |
| 7 | Explain the nature of cost. Classify the costs according to areas of responsibility |
| 8 | Explain the concept of Budgetary Control. How does it operate as a tool of management control ? |
| 9 | What do you understand by activity-based costing ? How does activity-based costing differ from traditional costing approach ? |
| 10 | Define budgetory control. List out the essentials of sound system of Budgeting. Classify Budget on the basis of flexibility |
| 11 | What is ‘Standard Costing’ ? State the objectives of Standard Costing. Compare Standard Costing with Budgeting. |
| 12 | What are fixed and flexible budgets ? Differentiate between these two. Why do accountants prepare these budgets ? |
| 13 | Discuss the accounting conventions with examples. |
| 14 | Describe briefly the different methods of costing and state the particular industries to which they can be applied. |
| 15 | Discuss the functions and limitations of financial accounting. |
| 16 | Differentiate between standard costing and budgeting. Explain the advantages of standard costing. |
| 17 | Discuss various kinds of reports prepared by 20 management accountant for different levels of management. |
IGNOU MCO-05 Important Questions Download in HIndi Medium
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Important Question Disclaimer:
All these Important Questions are prepared by the Ex-Ignou & Present ignou Bonafide Students. Their Experiences are really going to help you to score 80+ in your TEE.
With all this information, We also Clarify here that everything here (Notes, Assignment, Old Questions, And Important Question) are made by Using IGNOU Books and Also Internet sources.