Download "Accounting & finance: contemporary issues in Accounting" Question Paper of B. Com. Hons. (Bachelor of Commerce) 4th Semester Previous Years for Students.

B. Com - Bachelor of Commerce 4th Semester (Hons.)
Accounting & finance: contemporary issues in Accounting

Paper: BCH-407

Time Allowed: Three Hours] [Maximum Marks: 80

Note:-Attempt FOUR short answer type questions from Section A. Attempt TWO questions each from Sections B and C respectively.

SECTION-A

I. Attempt any four of the following:

(a) Write in brief the types of brands.

(b) What is segment reporting?

(c) Write in brief about performance reporting.

(d) A machine was purchased on 1st January 2010 at a cost of Rs. 50,000. Its useful life was estimated to be 10 years. Its replacement cost was Rs. 90,000 on 1-1-2015 and Rs. 1,00,000 on 31-12-2015. Calculate the amount of depreciation adjustment.

(e) X Limited recruited 300 employees on which the following expenses were incurred:

Recruitment Rs. 7,00,000

Training of Employees Rs. 5,00,000

Expenses on development of Employees Rs. 12,00,000

Compute the value of human asset as per historical cost method.

(f) How is cost of debenture calculated?

SECTION-B

II. Define price-level accounting. Discuss the relevance of adopting price-level accounting.

III. Explain the importance of Human Resource Accounting in the present context.

IV. Explain the significance of Accounting of financial instruments in financial decision-making.

V. Is harmonization of accounting practices good for the business? Write in detail the reasons behind it.

SECTION-C

VI. What is forensic accounting? Write in detail role of forensic accountant.

VII. Define social accounting. Explain need and importance of social accounting.

VIII. Explain interim reporting.

IX. Define environment accounting. Give detail of environmental accounting in India.