ADVANCED ACCOUNTING – II (TYBCOM) || Question Bank

ADVANCED ACCOUNTING – II  (TYBCOM) || Question Bank 

Final Accounts of Co-operative Societies

Short Answer Questions

1. What are the types of consumer co-operative societies?

2. What areCo-operative Housing Societies?

Long Answer Questions

1. Discussin detail the different types of co-operative societies.

2. Explain the provision for allocation of profits as per Maharashtra State Co-

operative SocietiesAct

Branch Accounting

Short Answer Questions

1. State any two features of a dependent branch.

2. Write a short note on debtors system.

3. What is detailed incorporation method?

Long Answer Questions

1. Discuss in detail the characteristics of an independent branch.

2. Examine the pointsthatshould be kept in mind while recording transactions

in the Branch Account.

Recent Trends in Accounting

Short Answer Type Questions

1. State the key principles of forensic accounting.

2. What is the key requisite for a successful forensic accountant?

3. State the major components of forensic accounting.

4. What are the CSR responsibilities of Infosys ltd.?

5. What do you understand by derivative?

Long Answer Type Questions

1. Discuss the objectives and key principles of forensic accounting.

2. Discuss the main service area of a forensic accountant.

3. Discuss in detail section 135 of the Companies 2013 Act with respect to

CSR.

4. Explain the way artifi cial intelligence can be applied to accounting.

5. Analyse the uses of artifi cial intelligence in accounting and finance.

Analysis of Financial Statements

Short Answer Type Questions

1. Mention the keymotive ofthemanagement of a company.

2. What do you understand by forecasting and budgeting?

3. State the significance ofROI.

4. Define turnovers.

5. What do you understand byliquidityand leverages?

Long Answer Type Questions

1. Discussin detailfinancialstatement analysis and partiesinterested in financial

statement analysis.

2. Explain the significance and purposes offinancialstatement analysis.

3. Examine the concept accounting ratio.

4. Discussin detail varioustypes ofturnoverratios.