IMPORTANT QUESTIONS FOR 5th SEMESTER EXAMINATION
Accounting Standards B.Com (General)
- Define Accounting standards ? Explain the scope and objectives of accounting standards.(May 19)
- Define accounting standards ? Explain merits and demerits of accounting standards. (Dec.18)
- Explain the list & procedure of accounting standards issued in India. (May 19 Dec.18)
- Explain in detail about IFRS and its objectives and benefits. (May 19 Dec.18)
- Explain in detail AS-7. (May 19)
- Explain in detail AS-2. (Dec.18)
- Explain in detail AS-3. (May 19 Dec.18)
- Explain in detail AS-17. (May 19)
- Explain in detail AS-14. (Dec.18)
- Explain in detail AS-16. (Dec.18)
- Explain in detail AS-18. (Dec.18)
- Explain in detail AS -22
- Explain in detail AS-26. (May 19)
- Explain the scope and significance of IAS. (May 19 Dec.18)
- Explain the implimentation of IAS. (May 19)
- Explain about AS-32.
- SHORT ANSWERS
- Explain the procedure for issuing accounting standards. (May 19)
- Explain the objectives and limitations of accounting standards. (Dec.18)
- Fixed cost contract –vs- Cost plus contract.
- What are the factors determining reportable segments.
- Borrowing cost.
- Intangable assets.
- Non-Cash transactions.
- AS-6 & 1(May 19)
- Carve In’s and Carve Out’s. (Dec.18)
- Purchase method
- Deffered tax and taxable income. (Dec.18)
- Interim financial report – Contents
- Finance lease –vs- Operating lease. (May 19)