Managerial Accounting Diploma In Accountancy Ii Question Paper

Managerial Accounting Diploma In Accountancy Ii

Course:Diploma In Accountancy (Accountancy)

Institution: Machakos University question papers

Exam Year:2011

Machakos Technical Training Institute
EMS Department

Instructions: Answer Any Five Questions

1. Define the term management accounting. (2 Marks)
Explain the major differences between managerial accounting and financial accounting.(8 Marks)

2. Explain the following terms
(i) Planning
(ii) Organizing
(iii) Controlling
(iv) Co-ordinating (10 Marks)

3. Explain the problems associated with cost classification (10 Marks)

4. With aid of a diagram explain the following terms
(i) Fixed cost
(ii) Variable cost
(iii) Semi variable cost (10 Marks)

5. Explain the major themes of managerial accounting (10 Marks)

6.Explain the attribute of good information (10 Marks)

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