Management Accounting Test Online

From long time, I am making the resource of management accounting in which I have added written lectures relating to financial statement analysis, ratio analysis, cash flow and fund flow statements, cost of capital, capital budgeting and working capital management. So, today, I am taking your small test. So ready for this.

This test's important point is that you will know automatically its answer. Each question's related answers will increase your willpower to correct the answer. Actually, this is my first test in which I am trying to increase your confidence to give correct answers in all competitive examination.

Question 1. Which is not the Tool of Management Accounting

(a) Analysis of Financial Statement

(b)  Throughput Accounting

(c) Working Capital Management

(d) SWOT Analysis

Question 2. Which is not Financial Statement

(a) Business Strategy Analysis Statement

(b) Income Statement

(c) Balance Sheet

(d) Cash Flow Statement

Question 3. Which is not Use of Comparative Balance Sheet

(a) To Know, where did we use our fresh capital fund?

(b) To know, the stages of Industry Life Cycle.

(c) To know, why is current liabilities more than current assets?

(d) To know, where did we use our long term debts?

Question 4. Which is not meaning of Trend Analysis

(a) It means, to take one financial item and its all past years figures. By taking first year as base year, we calculate % figure of each year. Now, it becomes trend. On this trend, we analyze its spreading flow.
(b) The term "trend analysis" refers to the concept of collecting information and attempting to spot a pattern, or trend, in the information.

(c) The use of financial measures or ratios over 2 time periods to evaluate business performance.

(d)  A forecasting method in which likely future sales are estimated by statistical analysis of previous sales patterns.
Question 5. Which is not Absolute Acid Test Ratio

(a) Absolute liquid assets / current liabilities

Absolute liquid or acid assets = marketable securities + cash + bank
(b) Absolute liquid assets / current liabilities
Absolute liquid assets are equal to liquid assets minus accounts receivables (including bills receivables).

(c)  Absolute liquidity ratio relates cash, bank and marketable securities to the current liabilities.

(d) Absolute liquid assets / current liabilities

Absolute liquid or acid assets = marketable securities + cash + bank + Sundry Debtors

Question 6.  Which is not Average Collection Period

(a) (12 months or 365 days ) X Net Credit Sales
     Average Debtors

    12 months or 365 days
     Debtors Turnover ratio

12 months or 365 days
Net Credit Sales / Average Debtors ( sundry debtors + bill receivables)


(12 months or 365 days ) X Average Debtors
   Net Credit Sales

Question 7. Which is not cash flow ratio

(a) Cash flow from operations / Net Profits

(b) Net Profits / Cash Flow from Operations

(c) Cash sales - ( Cash purchase + Cash operating expenses ) / Net Profits

(d) Cash sales - ( Cash purchase + Cash operating expenses ) / Incomes - Expenses

Question 8. Which is not called Fund Flow Statement

(a) Statement of source and uses of funds
(b) Fund received and distributed statement

(c) Fund Debited and Fund Credited

(d) Fund generated and expended statement
Question 9.  Which is not part of  cost of Capital

(a) Cost of Debt
(b) Cost of Equity Share Capital

(c) Cost of Preference Share Capital

(d) Cost of average capital

Question 10. Which is not part of Capital Budgeting

(a)  External Rate of Return

(b) NPV

(c) IRR

(d) Pay back period (e) Profitability Index

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Accounting Education: Management Accounting Test Online
Management Accounting Test Online
Accounting Education
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