Blog: FIN611 Finalterm Current Paper 2013 File 4

Final term current papers and patterns

FIN 611--- FINAL (feb 2013)
Definitions in mcq:
Goodwill, partnership, partnership deed, qualifying assets, liabilities, accounting standards names with numbers,
other MCQs were about:
Accounting error
Effect of decrease in doubtful debt

numerical about:
Q. inventory was overstated, find correct profit
Q. find EPS (2 numericals)
Q. find share premium
Q. calculate goodwill
Q. two types of provisions which decrease assets.
Q. differentiate shareholder and debenture holder.
Q. numerical to make consolidated balance sheet.

2 MCQs about accounting policies;
like.... when we change accounting policy,
who can change accounting policy,
effect of accounting policy on financial statement.