Paper 10 Cost & Management Accounting and Financial Management Match the following

 

CMA INTERMEDIATE EXAMINATION

Paper 10 Cost & Management Accounting and Financial Management

Paper 10 Cost & Management Accounting and Financial Management
 Match the following with answer

Sufficient to give the corresponding item in column 3 for column 1; reproducing columns 2 and 4 are not required

A. Match the following

	Column-I		Column-II
1.	Budgetary Control System.	A.	are useful for budget and performance evaluation.
2.	Standard Costs.	B.	helps in profit planning and analysis.
3.	Marginal Costing.	C.	aims at adherence to planning costs.
4.	Cost Control.	D.	The introduction and implementation of the system may be expensive.

 Answer

	Column-I		Column-II
1.	Budgetary Control System.	D.	The introduction and implementation of the system may be expensive.
2.	Standard Costs.	A.	are useful for budget and performance evaluation.
3.	Marginal Costing.	B.	helps in profit planning and analysis.
4.	Cost Control.	C.	aims at adherence to planning costs.

 

B. Match the following  

	Column-I		Column-II
1.	Important element of Capital Budgeting is.	A.	represents a risky situation.
2.	High Operating and Financial Leverage.	B.	may affect the size of working capital.
3.	A consistent dividend policy.	C.	a tool for analysis of financial statements.
4.	Fund Flow Statement is.	D.	the analysis of risk and uncertainty.

 Answer

	Column-I		Column-II
1.	Important element of Capital Budgeting is.	D.	the analysis of risk and uncertainty.
2.	High Operating and Financial Leverage.	A.	represents a risky situation.
3.	A consistent dividend policy.	B.	may affect the size of working capital.
4.	Fund Flow Statement is.	C.	a tool for analysis of financial statements.

 

C. Match the following  

	Column-I		Column-II
1.	Distinctive feature of Learning curve.	(A)	on the principle of exception.
2.	Standard Costing works.	(B)	is designed to fix responsibilities on executives, through the preparation of budgets.
3.	Budgetary Control System.	(C)	is that notional value at which goods and services are transferred between divisions in a decentralized organization.
4.	Transfer Price.	(D)	Persons engaged in repetitive task will improve his performance over time.

 Answer

	Column-I		Column-II
1.	Distinctive feature of Learning curve.	(D)	Persons engaged in repetitive task will improve his performance over time.
2.	Standard Costing works.	(A)	on the principle of exception.
3.	Budgetary Control System.	(B)	is designed to fix responsibilities on executives, through the preparation of budgets.
4.	Transfer Price.	(C)	is that notional value at which goods and services are transferred between divisions in a decentralized organization.

 

D. Match the following  

	Column-I		Column-II
1.	Dividend Models.	(A)	Modigliani and Miller Hypothesis.
2.	Theory of Capital Structure.	(B)	Fund Based Financial service.
3.	Factoring.	(C)	Indicator of Short-term solvency of a company.
4.	Liquid Ratio.	(D)	Gorden Model.

 Answer

	Column-I		Column-II
1.	Dividend Models.	(D)	Gorden Model.
2.	Theory of Capital Structure.	(A)	Modigliani and Miller Hypothesis.
3.	Factoring.	(B)	Fund Based Financial service.
4.	Liquid Ratio.	(C)	Indicator of Short-term solvency of a company.

 

E. Match the following  

	Column-I		Column-II
1.	Learning Curve.	(A)	Theodare P. Wright.
2.	Transfer Price.	(B)	Cumulative Average Time.
3.	Experience Curve.	(C)	Notional Value.
4.	Factors affecting the cost of Airlines.	(D)	Boston Consulting Group.

 Answer

	Column-I		Column-II
1.	Learning Curve.	(B)	Cumulative Average Time.
2.	Transfer Price.	(C)	Notional Value.
3.	Experience Curve.	(D)	Boston Consulting Group.
4.	Factors affecting the cost of Airlines.	(A)	Theodare P. Wright.

 

F. Match the following  

	Column-I		Column-II
1.	Gordon’s Model.	(A)	Activity Ratio.
2.	Discounted Cash Flow.	(B)	Inventory Management.
3.	Carrying Cost.	(C)	Internal Rate of Return.
4.	Working Capital Turnover Ratio.	(D)	Relevance of Dividends on share value.

 Answer

	Column-I		Column-II
1.	Gordon’s Model.	(D)	Relevance of Dividends on share value.
2.	Discounted Cash Flow.	(C)	Internal Rate of Return.
3.	Carrying Cost.	(B)	Inventory Management.
4.	Working Capital Turnover Ratio.	(A)	Activity Ratio.