MS-4 - june-2009
MS-4 : ACCOUNTING AND FINANCE FOR MANAGERS
1. 'Management Accounting is an extension of financial Accounting'. Explain how is Management Accounting..an effective tool of financial control ? Discuss.
2. Explain the cost concept and the concept of conservation. Why are assets shown at cost even when this market prices far exceeds the cost ? Give reason.
3.Why are Reserves created at the time of preparing the final accounts ? Distinguish