Cost And Management Accounting Quiz

Cost And Management Accounting quiz has more than 10,000 MCQ.

This application has been developed for testing your Cost and Management skills. This is a latest and fantastic new education application which has been fueled with lots and lots of interesting questions that test you intelligence in the subject. It has more than 10,000 multiple choice questions and answers and these cover a wide range of varieties of topics. General knowledge starting from basic to high level Cost and Management can be found in this app.

This is a complete Cost and Management study app which covers from the base to the highest level and this is one of the very few best learning apps and most useful apps that can be found online for free.

This Cost and Management testing app has been designed in the best possible manner so that the user can constantly improve his/her knowledge about the subject. This Cost and Management testing application suits for all lower, intermediate and higher levels as this application carries a combination of questions for testing the user from the basic level to the highest level. The questions in each level will be displayed randomly.

By going through the tests and attempting the questions, the user can improve his/her Cost and Management knowledge and can score well in college level and competitive level exams.

The application is very easy to use and has been designed very carefully keeping in mind the needs of the students. When a student/user makes a mistake the application indicates and also shows the correct answer. Take the Cost and Management tests repeatedly and analyze your improved results each time.

This is a free version and this can be used in both offline mode and online mode.

Some of the most important categories covered under the Cost and Management tests are:

Cost Accounting: Definition, Meaning and objectives - Distinction between Cost and Financial Accounting. Elements of cost and preparation of cost sheets and tender. Management Accounting - Definition and objectives - Distinction between management and financial accounting.

Materials: Stores Records - Purchase Order - Goods Received. Note - Bin Card - Stores Ledger - Purchase, Receipt and Inspection - Inventory Control. ABC Analysis - Economic Ordering Quantity - Maximum, Minimum and Reordering levels - Methods of Pricing Issued.

Labour: Importance of Labour Cost Control - Various Methods of Wage Payment - Calculation of wages - Methods of Incentive for Schemes.

Overheads: Factory, Administration, Selling and Distribution of overheads - Classification - Allocation and Apportionment-Redistribution (Secondary Distribution) - Absorption of Over heads including 'Machine Hour Rate'

Funds Flow and Cash Flow Analysis: Schedule of changes in working capital - Preparation of 'funds flow statement'-Preparation of 'Cash Flow Statement' - Importance of funds flow and cash flow Analysis - Difference between funds flow and cash flow.

Ratio Analysis : Utility and limitations of Accounting Ratios - calculation of Accounting Ratios - Ratio Analysis for Liquidity, Solvency, Profitability and Leverage.

Marginal Costing: The Concept - Break Even Analysis - Break - Even Chart - Importance and assumptions - Application of Profit Volumes Ratio - Different types of problems (with special emphasis on decision making problems). Budget and Budgetary Control: Procedure and Utility - Preparation of different types of Budget including Flexible Budget.