Posts Tagged management

MBA Questions Papers of Financial Management for 2nd Semester

We are going to publish some most probable questions of SMU MBA. These are most probable questions of Financial Management for 2nd semesters of MBA. All these questions will be on the pattern of SMU which is asked in examinations.

1. ————- is broadly concerned with the acquisition and use of
Funds by a business firm

A) Financial management.
B) Marketing management.
C) Human resource management.
D) Project management.

2. “An understanding of what finance does is the foundation of
Financial knowledge”

A) Henry Ford
B) G.L.Jones
C) Van Homes
D) None of these

3. Which of the following is not one of the “A” of financial management?

A) Anticipating financial needs
B) Arranging funds
C) Allocating funds
D) Acquiring financial resources

4. Which of the following is the importance of financial management?

A) Smooth running
B) Earning capacity
C) Assets expansion
D) Project generation

5. Financial management is considered as a yardstick to measure the — Of the firm.

A) Smoothness
B) Performance
C) Maximization
D) Efficiency

6. Traditional approach is evolved during —–.

A) 1920-30
B) 1925-30
C) 1930-35
D) 1935-40

7. The main task of finance manager under traditional approach is

A) Allocation of funds
B) Procurement of funds
C) Acquisition of funds
D) Anticipation of funds

8. Which of the following is not the content of the modern approach?

A) How should the funds required be financed?
B) What specific assets should an enterprise acquire?
C) How does the cost vary with the mixture of financing methods used?
D) What is the total volume of funds an enterprise should commit?

9. According to modern approach which of the following is not the decision area of finance manager?

A) Investment decision
B) Dividend policy decision
C) Funds requirement decision
D) Forecasting decision

10. Which of the following is the factors taken into consideration while ascertaining profitability?

A) Measuring cost of capital
B) Raising funds
C) Management of long term funds
D) Management of short term funds

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Management Accounting Review for SMU MBA

I have to share an accounting concept for management. This is the review for SMU MBA students by financial management MBA book. It is for those students who are busy in preparing their MBA by SMU. Below is review by management accounting blog:

“Management accounting is not only for the record keeping but also it has broader aspects. The managers use the financial statements as resources to make decision in the field of accounting. About the management accounting we can take a look from MBA book of SMU, “Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that helps managers to fulfill organizational objectives.”

Here with the definition of management accounting we can say it is for the fulfill of organization objectives by the managers to use all the financial statements and resources.

Objectives of Management Accounting:

Scope of management accounting

Need for financial statements analysis and inter-firm comparisons

Relevance of cost analysis – overhead analysis, job cost analysis and process cost analysis

Relevance of marginal cost and C.V.P. analysis for short-run decision-making

We should know that all the management process single and most upper goal is decision making. So, decision-making is known as the nucleus of management process. Here we will look a chart to understand of decision-making process:

decision-making process

Meaning and Scope of Management Accounting:

About the meaning of management accounting Charles T. Horgren writes, “Management accounting is the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information that helps managers to fulfill organizations objectives.”

As I have already mentioned that management accounting is not only the process of keeping records. Records keeping is the process of data accumulation however management accounting is the decision making process. So, the management accounting scope has broader then financial statements and record keeping.

About the evaluation of management accounting the history says that it comes with the industrial revolution from the 18th century. Management accounting is the results of capitalist system.

Management accounting has been divided into four parts – book keeping, financial accounting, accounting and cost accounting and social responsibility accounting.

Like this management accounting has one more main part that is MIS (Management Information Systems). MIS for management accounting is most important process because it collects data and gives the right way to analysis that data to take good decisions by managers.

At last we can give some facts which are necessary in functions of management accounting:

Formulation of a business plan

Implementation of the plan

Designed to achieve the goals of the plan

Formulation of business plans

These are the main function of management accounting an organization. However, we have already discussed on the management accounting chapter. Now, I think I will cover some more facts in the next chapter of financial management accounting chapter.”

Source Via :Introduction to Management Accounting

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