MCO-05: ACCOUNTING FOR MANAGERIAL DECISIONS

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Master of Commerce – M.COM Second Year Solved Assignments for July 2017 and January 2018 Admission Cycles

M.Com Second Year Tutor Marked Solved Assignment

Course Code : MCO – 05
Course Title : Accounting for Managerial Decisions
Assignment Code : MCO-05/TMA/2017-18
Coverage : All Blocks

MCO – 05 Accounting for Managerial Decisions Solved Assignment for 2017-18

Following are the questions of MCO-05: Accounting for Managerial Decisions of IGNOU – M.Com Second Year Assignment. To download answers of all the questions of this assignment in English click on the question, you can view or download the answer there.

Question 1. “Balance Sheet is a statement of assets and liabilities or sources and uses of funds or both”, Comment.
Question 2. “Funds flow statement is only supplementary to P/L Account and Balance Sheet, it can not substitute to P/L Account and Balance Sheet”. Do you agree to this statement? Explain your views.

Question 3. Comment on the following statement:

(a) A budget is both a plan as well as a control tool.
(b) Budget should be regarded as a master but not as a servant.
(c) Fixed budget is more useful than a flexible budget.
(d) Performance budgeting lays immediate stress in the achievement of specific goals over a period of time.

Question 4. Differentiate between the following:

(a) Standard cost and Estimated cost
(b) Fixed overhead Efficiency variance and fixed overhead calendar variance
(c) Marginal costing and Absorption Costing
(d) Marginal costing and Differential Costing

Question 5. Write short notes on the following:

(a) Make or Buy decisions
(b) Expand and Contract decisions
(c) Plant shut down decision
(d) Replacement of Machinery

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p style=”text-align: justify; font-size: 14px;”>Note: These assignments are valid for two admission cycles (July 2017 and January 2018). The validity is
given below:
1. Those who are enrolled in July 2017, it is valid upto June 2018 Term End Examination and you must submit assignment to the Coordinator of your study centre latest by 15th March 2018
2. Those who are enrolled in January 2018, it is valid upto December 2018 Term End Examination and you must submit assignment to the Coordinator of your study centre latest by 15th September 2018

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