IGNOU MMPC-004 December 2024 Previous Year Question Paper

Q1.Explain the basic structure of Cash Flo w Statement. Discuss objectives and benefits of cash flow statement. Discuss in detail the type s of activities taken into consideration for preparation of cash flow statement. [ 2 ]

Q2.Write short notes on any four of the following :

(a) Accounting as information system

(b) Business entity concept

(c) Classification of accounts

(d) Inventory valuation

(e) Money measurement concept

Q3.What is Absorption and Marginal Costing ?

Q4.Describe the differences between them. Discuss the various methods used for segregation of semi-variable costs.

Q5.What is ‘Activity -Based Costing’ ? Differentiate it from traditional costing system and discuss its objectives, merits and demerits. Explain the process of its application in organisations.

Q6.Explain the following :

(a) Performance Budgeting

(b) Zero Based Budgeting [ 3 ]

Q7.What is an Annual Report ? Describe the information contained in non- audited contents of an annual report and discuss their significance for investors.

Q8.What is Forensic Accounting ? Provide an overview of corporate frauds an d describe the concept of ‘Fraud Triangle’.

Q9.A water pump company is producing a pump named as ‘Shower’. The budget in respect of this model for the current month is as follows : Budgeted output 200 units Variable Costs : ` Materials 1,32,000 Labour 26,000 Direct Expenses 62,000

Q10.20,000 Fixed Costs : Specific Fixed Costs 45,000 Allocated Fixed Costs 56,250 1,01,250 Total Cost 3,21,250 Add Profit 28,750 Sales 3,50,000 [ 4 ] MMPC–004 Calculate :

(i) Profit with 10% increase in selling price with a 10% reduction is sales volume.

(ii) Volume to be achieved to maintain the original profit after a 10% rise in material cost at the originally budge tted selling price per unit.