CS - 54 Accounting & Finance on Computers
June 2002
Q.1 (a) Explain the following terms in about 10 lines each
(i) Accounting for price level changes.
(ii) Going Concern Concept.
(iii) Net profit after tax.
(iv) Opportunity Cost.
(v) Break-Even Point
(b) Discuss the importance of setting accounting standards.
(c) What are the factors influencing major investment decisions of a
large corporation.
Q.2. Explain the latest and other important sources of long-term and
short-term financing.
Q.3. Examine the relevance of marginal costing in the present-day context
of global business environment with suitable illustrations, comparing
it with other techniques.
Q.4. Elucidate the various cost reduction techniques, highlighting the
importance of cost reduction under the present scenario. How is it different
from cost control?
Q.5. How is a Funds Flow statement prepared? Explain with the help of
hypothetical figures taking an example.
Q.6. "Accounting and finance function should be handled with the
help of computers and software packages." Evaluate this statement
critically.
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