Download OU (Osmania University) B.com (Bachelor of Commerce) 6th Sem Advanced Corporate Accounting Important Question Bank For 2021 Exam
Subject Title: Advanced Corporate Accounting
Prepared by: P. Ram
Year: III
Semester: VI
Updated on: 29-04-
Unit - I: HOLDING COMPANIES
1.
Define holding company
2.
Define subsidiary company
3.
What is meant by cost of control
4.
What is capital reserve
5.
What is minority interest
6.
Define the following words
1. revenue reserve (or) post acquisition profit
2. Unrealised profit on unsold stock
3. Capital profit (or) pre-acquisition profit
LONG QUESTIONS
1. What do you mean by holding company and subsidiary company. Write about its nature of
holding company.
2. What do you mean by consolidated financial statement ? Discuss briefly about the
consolidated balance sheet.
Unit - II: ELECTRICITY COMPANIES ( DOUBLE ACCOUNTING SYSTEM)
7.
What is reasonable return
8.
What is double accounting system
9.
What is capital base
10. What is revenue account and net revenue account
11. Explain provisions regarding disposal of surplus
12. LONG QUESTIONS
1. What is meant by double accounting system ? Write its features, advantages and limitations.
2. Write the difference between single accounting system and double accounting system.
3. Write briefly about final accounts prepared by electricity companies under double accounting
system.
Page 1 of 3
Unit - III: ACCOUNTING FOR PRICE LEVEL CHANGES
13. Define gearing adjustment
14. Define cost of sales adjustment
15. Define depreciation adjustment
16. Define monetary working capital adjustment
17. State the features of current purchasing power (CPP) method
18. Give advantages of CCA accounting
LONG QUESTIONS
1.What do you mean by price level changes (or) inflation accounting ? Write its advantages
and limitations.
2. State the methods of accounting for price level changes.
3. Explain the concept of capital maintainance with reference to profit measurement under
different system of accounting.
Unit - IV: LEASE ACCOUNTING
19. What is financial lease
20. What is operating lease
21. What is leveraged lease
22. What is leasing
23. Difference between financial and operating leases.
24. LONG QUESTIONS
1 .What is leasing? Explain advantages and disadvantages of leasing.
2. Discuss the various types of lease arrangements (or) write the difference between finalcial
and operating lease.
3. Define leasing applicability of accounting standard ( As-19). Explain the evolutional of
leasing in India.
4. State the accounting treatment of leasing in the books of lessor and lessee.
Unit - V :HUMAN RESOURCE ACCOUNTING AND SOCIAL RESPONSIBILITY ACCOUNTING
25. What do you mean by HRA? And write its objectives
26. Limitations of conventional accounting
27. LONG QUESTIONS
Page 2 of 3
1 .Define HRA. Explain its importance, advantages and limitations.
2. What are the various approaches of HRA and discuss cost approaches of HRA.
28. SOCIAL RESPONSIBILITY ACCOUNTING
SHORT QUESTIONS
1.What is social accounting explain its objectives.
2. Define social responsibility accounting
3. What is value added per unit of capital.
4. What is capital output ratio.
5. What is meant by corporate social responsibility.
29. LONG QUESTIONS
30. 1.What are the different approaches of social responsibility accounting. Write about the
measurement of social cost benefit.
2 .Discuss briefly need and objectives of social responsibility accounting.
3. Explain the indicators of social performance.
Page 3 of 3
This post was last modified on 23 January 2021