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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IGNOU MCO-05 Important Questions Download in English Medium
|Read These Question
|What is the importance of comparative statements to management ? How are these statements prepared ? Elucidate.
|What is meant by Standard Costs ? How are the standards fixed ? Illustrate your answer.
|Define ‘Responsibility Accounting’. Discuss its salient features.
|Explain the term ‘Budgetary Control’ and mention some of its advantages. On what does the success of such control depend?
|What is Break-even Analysis ? Discuss the assumptions, uses and limitations of this techn
|Explain different types of Accounting concepts which guide the accountant at the recording stage.
|Explain the nature of cost. Classify the costs according to areas of responsibility
|Explain the concept of Budgetary Control. How does it operate as a tool of management control ?
|What do you understand by activity-based costing ? How does activity-based costing differ from traditional costing approach ?
|Define budgetory control. List out the essentials of sound system of Budgeting. Classify Budget on the basis of flexibility
|What is ‘Standard Costing’ ? State the objectives of Standard Costing. Compare Standard Costing with Budgeting.
|What are fixed and flexible budgets ? Differentiate between these two. Why do accountants prepare these budgets ?
|Discuss the accounting conventions with examples.
|Describe briefly the different methods of costing and state the particular industries to which they can be applied.
|Discuss the functions and limitations of financial accounting.
|Differentiate between standard costing and budgeting. Explain the advantages of standard costing.
|Discuss various kinds of reports prepared by 20 management accountant for different levels of management.
IGNOU MCO-05 Important Questions Download in HIndi Medium
How to Download MCO-05 Important Questions Accounting for Managerial Decisions–
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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.
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