Financial Planning & Cost Accounting MCQs Financial planning involves: A) Only raising funds B) Only investing funds C) Both raising and investing funds D) None of the above Answer: C Which of the following is NOT a component of financial planning? A) Budgeting B) Forecasting C) Investment banking D) Risk management Answer: C Cost accounting … Read more
Which of the following is not a basic accounting principle? A) Cost Principle B) Matching Principle C) Revenue Recognition Principle D) Historical Cost Principle Answer: B What is the primary purpose of financial accounting? A) To assist management in decision-making B) To record day-to-day transactions C) To prepare financial statements for external users D) To … Read more
What is the purpose of financial accounting? A) Planning and decision-making B) Reporting financial information to external parties C) Managing internal controls D) Budgeting and forecasting Answer: B) Reporting financial information to external parties Which financial statement provides information about a company’s financial position at a specific point in time? A) Income statement B) Balance … Read more
What is the primary purpose of financial accounting? A) Record-keeping B) Tax planning C) Strategic management D) Marketing analysis Answer: A) Record-keeping Which financial statement provides information about a company’s profitability? A) Balance sheet B) Income statement C) Cash flow statement D) Statement of retained earnings Answer: B) Income statement What does the term “GAAP” … Read more
1 When reporting financial data rules and guidelines that should be follow is called: (a) Accounting principles (b) Accounting procedures (c) Accounting assumptions (d) None of the above Accounting principles 2. Definite and factual basis for assets valuation from which principle? (a) Stable Currency principle (b) Objectivity Principle (c) Matching Principle (d) Cost Principle Objectivity … Read more
1. Ratio Analysis can be used to study liquidity, turnover, profitability, etc. of a firm. What does Debt-Equity Ratio help to study? (a) Solvency (b) Liquidity (c) Profitability (d) Turnover Solvency 2.In inventory turnover calculation, what is taken in the numerator? (a) Sales (b) Cost of Goods Sold (c) Opening Stock (d) Closing Stock Cost … Read more
1. Ratio Analysis can be used to study liquidity, turnover, profitability, etc. of a firm. What does Debt-Equity Ratio help to study? (a) Solvency (b) Liquidity (c) both a and b (d) Turnover Solvency 2.In inventory turnover calculation, what is taken in the numerator? (a) Sales (b) Cost of Goods Sold (c) Opening Stock (d) … Read more
BASIC SCALE, NAME & NATURE OF DEPUTY DIRECTOR (FIELD ACCOUNTING) (LUMP SUM RS. 120,000/-) (on Contract Basis for the periodof 03 years) PUNJAB LANDS RECORDS AUTHORITY PRESCRIBED QUALIFICATION/EXPERIENCE AS PER SERVICE RULES: i) Chartered Accountant (CA)/Cost & Management Accountant (CMA), CPA, CFA with 04-years relevant experience. ORii) MBA (Finance), M.Com, ACCA from HEC recognized University … Read more
Question: Which of the following is the first step in accounting? A Prepare financial statement B Analyze financial transactions C Record journal entries D Identify financial transactions Answer: Identify financial transactions Steps Description Step 1. Identify financial transactions · The first step involves identifying and collecting all relevant financial data, including receipts, invoices, … Read more
Research Area/ Research Interest: Financial Accounting Research Paper Topics on Cost & Management Accounting for Masters and PhD Thesis and publication Experimental research in financial accounting Financial accounting theory Understanding financial accounting practice Financial accounting: an introduction to concepts, methods and uses Financial accounting information and corporate governance Issues in financial accounting Financial accounting and corporate … Read more
Research Area/ Research Interest: Accounting Regulation Research Paper Topics for Masters and Ph.D. Thesis and publication The localized accounting environment in the implementation of fair value accounting in Indonesia Covid-19, corporate survival and public policy: The role of accounting information and regulation in the wake of a systemic crisis The impact of banking regulations and accounting … Read more
Research Area/ Research Interest: Accounting and Valuation Research Paper Topics for Masters and Ph.D. Thesis and publication Evolution in value relevance of accounting information Valuing knowledge: The political economy of human capital accounting Valuing the global mortality consequences of climate change accounting for adaptation costs and benefits Beyond shareholder value maximization: Accounting for financial/social trade-offs in … Read more