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Kbt 200: Agribusiness Accounting. Question Paper

Kbt 200: Agribusiness Accounting.

Course:Bachelor Of Agriculture

Institution: Kenyatta University question papers

Exam Year:2013

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2010/2011
SECOND SEMESTER EXAMINATION FOR THE DEGREE OF BACHELOR OF SCIENCE (AGRICULTURAL MANAGEMENT AND TRADE)
KBT 200: AGRIBUSINESS ACCOUNTING.
DATE: Tuesday, 5th APRIL, 2011
TIME: 4.30 P.M-6.30 P.M
INSTRUCTIONS
Answer question ONE and any other TWO questions
1. (a) Discuss how information technology has impacted on accounting systems in agriculture related businesses. [10 marks]
(b) Distinguish between management accounting and financial accounting. [5 marks]
(c) Identify and describe the functions of management accounting systems. [5 marks]
(d) Identify and describe the elements involved in the decision making process, planning and control process. [5 marks]
(e) Justify the view that a major objective of the commercial organization including agribusiness is to broadly seek to maximize the present value of cash flow. [5 marks]
(f) The international convergence of management accounting practices has positively impacted on trade in agricultural products. Discuss. [5 marks]
(g) Define the following terms as used as in management accounting.
i. Contribution [2.5 marks]
ii. Budget [2.5 marks]

2. (a). Explain purpose of a costing accounting information system in an organization. [5 marks]

(b) Discuss the techniques to assist in separating the fixed and valuable elements of semi-fixed or semi-variable costs by management accountant. [10 marks]

3. Cost Volume Profit analysis CVP Is based on a number of simplistic assumptions about cost behavior which undermine the model’s effectiveness. Discuss. [10 marks]

4. (a) Explain the rationale of budgetary control. [5 marks]
(b) Discuss the benefits of budgeting in an organization. [10 marks]

Kbt 200: Agribusiness Accounting. Question Paper

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