Chapterwise Past Papers – OCTOBER 2024 Updated
Compiled by: Arib S.
[Thanks to all the students who shared their exam feedbacks]
ADVANCE MANAGEMENT ACCOUNTING (AMA)
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 You can find all Past Papers (2022-OCTOBER 2024) in this document.
 OCTOBER 2024 Topics/Questions are highlighted in yellow.
 Similar questions/topics from multiple students are written just once.
 Those students who will give exams in next attempt are requested to
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AMA Paper Pattern:
 Theoretical 10 - 15 MCQs of 2 marks each
 Numerical 10 - 15 MCQs of 3-5 marks each
Total MCQs Marks = 60-80
 5-15 Descriptive (Theoretical & Numerical)
of 3-5 marks each
Total=100
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EXAM TESTED MCQS, DESCRIPTIVES AND TOPICS
FORECASTING & BUDGETING
Chapters:
FORECASTS, BUDGETING, BUDGETARY CONTROL
1.
2.
3.
4.
5.
Budget is an iterative process. Comment
Budgetory process kay behavioural criticisms likhay
cash budget & Cash disbursement
characteristics of moving average
Company apne Divisional manger of bonus deti hai jab bhi wo apna monthly budget target achive kartea
hain, What will be the behaviorual implication of this & suggestion to improve
6. Define the importance of identifying scarce resource while preparing budget.
7. Diff btw: flexible and normal budget ; Flexible budget & rolling budget ; Forecast or foreseen
8. Dis advantage of profit centers
9. Exponential forcecast
10. Define increment budgeting
11. Feed forward controls
12. forecasting ki theory in MCQs
13. ____ is used to improve operational performance through control action by management.
[Variance analysis ; Budgetary control ; Responsibility Accounting ; Functional Analysis]
14. Forecasting trend+seasonal variation given for 11 and 10 with increase in FC from year 8
15. How can machine learning improve predictive accuracy in budgeting and forecasting?
16. Moving Average limitations
17. Regression concern about sale and prod budget discuss ?
18. regression sy Aya tha " y = 31.9 - 0.34(x) " here if y decreases by 10% the x will increase by ?
[0.034 ; 3.4 ; 0.34 ; 34]
19. Relation ship between budgets, standards and break even analysis.
20. responsibility centre includes?
21. Sales budgets se 1 question tha ke collection batani thi 10 days me paise received honge tu 10 percent
discount aur 30 days me hote hai
22. ______ is the degree to which change in one variable is related to change in another.
[Correlation ; Variance ; Deviation ; Dispersion]
23. Similarities and dissimilarity of standard and budget
24. Standard costing ka pricing decision and budgetary system me kia importance hai
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STANDARD COSTING & VARIANCE ANALYSIS
Chapters:
STANDARD COSTING & VARIANCE ANALYSIS, INTERPRETATION AND PROFIT RECONCILIATION
25. 400,000 adverse. Overheads overabsorbed = 1,600,000. Calculate actual units
26. Aik labor efficiency variance k formula se related tha.
27. Calculate predetermined over head rate and calculate total overhead cost using that rate
28. Characteristics and standards of service industry?
29. Define stand cost. Advantages & Diasadvantages of standard costing system
30. Define standard and how standard are made
31. Direct material, direct labour, and sales volume ke causes pooche thay kay kiu incur hotay
32. Explain following terms: Basic standard, Ideal standard, Attainable standard
33. Debit blnc in LEV indicates?
34. During june 2023 actual hour costs Rs.19800 the standard rate of pay was Rs.4.50 per hour and the labour
rate variance Rs.225 adverse. The actual hours worked were [4265 ; 4350 ; 4375 ; 4490
35. Factors affecting the base in service organizations
36. factors to be considerd while investigating variances
37. Flexible Budget Variances and Sales activity variance
38. FOH capacity & Expenditure Variance
39. Formula of desired profit & spending varaince
40. How do advanced variance analysis techniques enhance understanding of production efficiency?
41. How Unit cost variance help in decision making
42. if labour efficiency variance adverse hai & labor rate variance favorable tu iska kiya mtlb hua
43. management accountant positive variance maintain krny ke liye kia steps lety
44. Material mix /material price /Material Usage / Material yield variance
45. Possible scenarios using: Labour Efficiency, Material Price and Sale Quantity Variance
46. Sales volume variance
47. Standard costing critisim
48. Variable cost ke change se kia farq perta variances
49. variance ki theory & Variance reverse calculation
50. Variances dye we thay missing data se std rate or labour hrs actual nikalna tha
51. Variances main sy lose wala question tha ak jo tha grad x lab thi 90 aur cost per hr 2.50. Aur grade y thi 60
aur cost thi 3. Then standard production 5000 units thi. Aur actual hrs 1000 thy. budgeted loss 20%. But
actual main 900 units loss howy. 900 hrs worked howy .
52. What factors to consider while setting price variance standard
53. What is standard and how labour material and overheads standards are made?
54. what should management accountant do after the impact of adverse variance
55. When labor efficiency varaince is adverse
56. Why labour efficiency variance is in favourable despite having positive lrv.
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57. Why sale mix varience is adverse despite higher sales
58. Why the Material Mix Varianes occurs?
59. Variance mein se sirf mix yield de rhe
PROJECT APPRAISAL METHODS
Chapters:
CAPITAL INVESTMENT DECISIONS, DCF TECHNIQUES OF INVESTMENT APPRAISAL,
TAKING ACCOUNT OF TAXATION AND INFLATION & ADDITIONAL ASPECTS OF INVESTMENT
DECISION MAKING
60. Advantages and disadvantages of MIRR (modified internal rate of return)
61. Aik main koi banda paisy dekay koi equipment kardeta hai sath aik poorana equipment bhi deta hai us main
Batana tha Kay net kitni investement huwi hai
62. Define limitation rule of npv which used in capital rationing?
63. depreciation charge on 1500 income & 6yr payback period tha & cost of machine btni thi
64. Discounted cash flow assumption explain two methods and their assumption
65. justify npv is superiority than irr
66. Limitations of Npv
67. Explain how an organization analyst follow up and on the report on the results in capital expenditure
decision
68. Mr. X investment in stock shares for 5 years and har saal dividend milega! Or 5 year bad shares sale hojae
ge! NPV btao
69. NPV + tax & inflation ka eik question tha
70. Npv calculate krna tha or cashflowss m inflation k effect add krna tha, abc cositing, standard costing m s
theory ay thi , square linear regression m se aya tha , high low method , reorder level or mcq's zada tr
theory m se thy baqi solve krny Waly npv, or working ratios m se thy
71. NPV ka es dafa sawal ma NTV( net terminal value )bi poucha tha
72. NPV: Investment was 4500 (Not sure). 890 ki old machine. New machine ki 3600 something ki salvage
value. 3500 ka wc capital. 15000 ki annual savings. Cost of capital 10% agr investment kroge to old machine
dispose hojayegi. Should we say yes to investment?
73. Payback period theory in MCQs
74. Payback Ka.. us mein before tax cash flows given the or uspy payback Nikalna tha
75. Present value & discounted cashflow are nearly same ... Which is more realistic approach.
76. Terminal value at @15 rate 4 year thy cash flow diya thy like first cash flow is investment Or bagi inflow thy
...ya sawal different lga Jo es dafa paper ma aya
77. payback period qstn: cashflows are given but that cashflows need to be converted in profit nd then reverse
to cash flows bd adding and removing depreciation and then calculation of payback period
78. ROCI investment ni thi operating assets thy
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COST ANALYSIS
Chapters:
BREAK EVEN ANALYSIS & LIMITING FACTOR ANALYSIS
79. A business produces a single product. Each unit has a contribution of $20. Total fixed costs are $400,000.
The positive margin of safety for the product is 40% of break-even sales units To the nearest $000, the
budgeted profit for the product is?
80. Sales and V.c given thi or humy evening ka break even calculate krna tha! Or kuch 1:16 ka seen tha
81. Aik Question OPP ka aya tha! Humy XYZ & W ki production krni thi: W 5000 Units, X 5000 units, Y 2500
units., Kgs available 110000
82. A product for Rs 10 with a marginal cost of Rs.50 in march 2024, sales amount to Rs.100000 and final cost Rs.20000.
what is profit for march 2024? [30000 ; 35000 ; 31000 ; 33000]
83. benefits and challenges of integrating ERP systems into cost management practices?
84. BEP 20000. VC 32000. FC 5000. Find: Profit volume ratio. MS Ratio.
85. Break even chart is an excellent device?
86. Breakeven: SP PU 12, VC 60000, FC 20000, Cont 6000, units 12000, Breakeven in units???
87. contribution margin define
88. Selling price & FC increases and VC remains constant: B.E point in units would decrease [MCQs]
89. CVP analysis allows management to determine the relative profitability of a product?
90. cost k 5 types, Define Inferencial cost, historical cost
91. CVP ka meaning and importance.
92. Case btaya k ager sales 20% increase hon to Kya profit Hoga fixed cost remains the same
93. Data for circulation of 100000 newspapers.The following costs are given. 66000 fixed cost. 40000 variable
cost. Then find cost for 110000 and 120000 newspaper circulation per unit
94. Decision making & Decision making Trees?
95. difference between breakeven chart and unit profit graph
96. If there is a 12% increase in sales & VC and FC remains the same. What will happen with breakeven point.
97. Ek alpha beta gamma Wala sawal thy capacity and per demand or per unit hour diye thy allocation krni thi
or contribution btana tha kes ka zyada limiting factors Ko Maddy Nazar rakh kr
98. acc rec and payable dono aye thy finance cost btani thi
99. Make or buy main Kin factors ko decision main lete hue consider kare
100. Marginal absorption costing
101. Steps of decision making process and explain incremental analysis
102. what are the benefits of using multiple bases for variable overhead absorption?
103. What is impact of changing in VC and FC on Breakeven.
104. What is importance of calculating unit cost?
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MODERN COSTING TECHNIQUES
Chapters:
MARGINAL COST ANALYSIS, ACTIVITY BASED COSTING, THROUGHPUT AND BACK FLUSH
ACCOUNTING & ENVIRONMENTAL COSTING
105. 4 steps of implementation of abc costing.
106. ABC cost driver Theory & Advantage of ABC
107. backflush accounting RIP to finished goods unit btane thy
108. Abc costing application in different scenarios
109. ABC Costing; cost pool allocation + calculate per unit.
110. _____ Is an account method that record costs only after a goods or services is produced, completed or
sold. [Absorption ; Cost activity; Backflush ; Marginal costing]
111. ABC jis mn hmny bs OH cost ko through cost driver allocate krna tha
112. ABC: Pathfinder or Extreme
113. Alpa Beta Gama wala aya tha ABC costing mein
114. Bottleneck wala gufran mock wala question but us main percentage find karni thi
115. Calculate return per Factory hour
116. data was given and margial and asborption costing use krty hue duno k net income ka difference nikalna
117. Environment internal failure cost
118. four products was given, two depts were involved, jinki DM, DL, FOH % mein given thi, data mein drive
krty hue product ki total finished goods cost nikalni thi
119. Environmental cost Government penalties failure external or internal
120. How can a company increase its profitability
121. How can Value Chain Analysis be used to identify cost reduction opportunities in a globalized business
context?
122. How does diff. costing differ from marg. Costing. Which is best when FC changes
123. if finish good of opening inventory is greater then at beginning what effect on abs. costing?
124. Incremental budgeting say ABC budgeting karai Hai management ne, konsay key issues consider karay?
125. role of environmental and social cost accounting in sustainable business practices?
126. Separate the Variable cost from CGS numerical?
127. The appropriate cost driver for maintenance cost pool is: [No of setups ; No of customer ; No of deliveries ; No of
machine hours]
128.
129.
130.
131.
Contingent intangible environmental cost
MCQs from Environmental costing
some activities were given k company ko traditional ya abc costing method use krna?
What is marginal cost and marginal costing
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MANAGING SHORT-TERM FINANCE
Chapters:
WORKING CAPITAL MANAGEMENT, CASH MANAGEMENT, RECEIVABLES & PAYABLES
MANAGEMENT & INVENTORY MANAGEMENT
132. 2 products ki detail di hui thi life salvage value accumulated depreciation remaining life in years.
Required tha k next 3 years ka flow bnao
133. Accounts Payable from short term finance decision.
134. Ak EOQ aya tha but CC ma confused kra tha or Reorder level pocha. CC include 5.2 of insurance and 4.8
(12% on investment). CC=10/vest per year
135. Calculation Working capital (A/R)
136. _____ Is an inventory delivered to a retailer with ownership retained by the supplier units the item are
sold [Multi-stage inventory ; Multi-ecoretion stock ; Components inventory ; Consignment stock]
137. Case: If OQ is 5,000 kg and max usage is 8,000 and min usage 50 or something lead time 4 weeks labor
working 8 hours a day what is reorder level.
138. EOQ theory in MCQs
139. Dangers of inventory limitation.
140. Define Cash conversion cycle
141. Define credit policy, its selection & elements
142. Define Inventory management
143. Economic order quantity aur re order level find krna thii
144. Ek sawal rha jes ma annual demand di thi 15000 or cost 500 sy 50 (ordering cost) pr chly gaye new
system ki implementation ko wajah sy or holding cost 20 thi dono case KY according inventory turnover
nakalna tha
145. factors of working capital management
146. Find total production? Open finished 160 sale 800. 20% inspection loss in production . company to
maintain 3 month inventory as closing.
147. Finished goods inventory nikalni thi
148. inventory turn over days & eoq find kr k btana tha
149. Non-current asset and its types
150. Optimal reorder level
151. Over trading definition & symptoms
152. Receivable se factoring ka
153. Decrease in inventory turn over calculate krna tha for MCQs
154. Reorder Qty 5000kg ; Max usage 6000 kg ; Min Usage 50 kg ; Min reorder time 4 days ; Labor work for 8
Hrs a day. Reorder level?
155. What is lead time
156. What is main objective of working capital
157. What is the advantages of decentralized collection over centralized collection
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158.
159.
what working capital signifies? What is gross working capital and net working capital?
why should we adopt hard working capital system?
MISCELLANEOUS
MCQs + Descriptives
[Picture of some of these questions are attached below]
160.
161.
162.
163.
164.
165.
166.
167.
168.
169.
170.
171.
172.
173.
174.
175.
176.
177.
178.
179.
180.
181.
182.
183.
184.
185.
186.
187.
188.
189.
190.
191.
Al-Wahid Cabinet
Al Jadeed
Briarcliff stove company
Bay city ka qué were similar to fresh food qué from mock
Beenish Furniture Ltd
Carmela Fertilizers
Cast Limited CL
Chaudry and Sons price variance
Content Pharma Limited
Evening and morning diary
Fabtex Denim limited (PV)
Fresh Foods Ltd
Faham limited
Faiq limited (Ans 2 years)
Falcon ltd
Pathfinder & Extreme (ABC)
Farooq paint
Furqan ltd
Horizon Company
Jerry's corporation (ABC)
Karen limited
Karrar ltd
Khan limited
Milan Ltd
Moiz Ltd
Nile builders
NPV Ka fresh foods wala question tha
Orchid limited
Pak box Ltd
Pully & Wheel (ABC)
pablo limited pl
Rumman Ltd
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192.
193.
194.
195.
196.
197.
198.
Rainbow corporation
Regent company finance cost descriptive from file
Ruman construction company wala
Star chemicals (only yield variance)
Tariq limited
Tulip limited
Vassel Ltd
OCT’2024 QUESTIONS
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To share your exam question feedbacks or any query / confusion:
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To share your exam question feedbacks or any query / confusion:
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To share your exam question feedbacks or any query / confusion:
ARIB S. – 03352232888
To share your exam question feedbacks or any query / confusion:
ARIB S. – 03352232888
To share your exam question feedbacks or any query / confusion:
ARIB S. – 03352232888
To share your exam question feedbacks or any query / confusion:
ARIB S. – 03352232888
To share your exam question feedbacks or any query / confusion:
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To share your exam question feedbacks or any query / confusion:
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PAST PAPER QUESTIONS
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To share your exam question feedbacks or any query / confusion:
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QUESTION:
Vassel Limited is evaluating a new product proposal. The proposed selling price is Rs. 36,000 per
unit and the variable costs are Rs. 12,000 per unit. The incremental cash fixed costs for the
product will be Rs. 32,000,000 per annum. The discounted cash flow for positive NPV?
QUESTION:
Working Capital
Rs.
Rs.
0 Initial cash flow
(200,000,000); 1,000; (200,000,000)
1 to 5 Annual cash flow
64,000,000; 3,791; 242,624,000
5 Working capital released 10,000,000; 0.621; 6,210,000
48,834,000
What is the percentage change in selling price that would result in the project having net
present value of zero? [a. 10.5% b. 8.9% c. 7.5% d. 6.7%]
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