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CS Executive Corporate and Management Accounting MCQ For Dec 2024 Exam

Corporate and Management Accounting comes under Module 2 of the CS Executive Syllabus (2022). Check out the CS Executive Corporate and Management Accounting MCQs to strengthen your concepts here.
authorImageRahul Jaiswal21 Nov, 2024
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CS Executive Corporate and Management Accounting MCQ For Dec 2024 Exam

CS Executive Corporate and Management Accounting MCQ: The Institute of Chartered Accountants of India (ICSI) conducts the CS executive exam for aspiring candidates as part of the CS executive program. Corporate and Management Accounting is one of the most important topics of the new CS executive exam syllabus (2022).

The CS exam has multiple-choice questions (MCQ), which is a good opportunity for students to score good marks with accurate answers. In this article, we will provide some probable MCQs on Corporate and Management Accounting to help students prepare effectively for the CS executive exam.

CS Executive Corporate and Management Accounting MCQ Pattern

Candidates must have a clear idea about the question pattern of the CS Executive Corporate and Management Accounting paper for the CS executive exam so that they can prepare accordingly through studies and practice. The MCQ questions in Corporate and Management Accounting will have four answer options, and the candidate has to choose a single correct response. For each correct answer, the candidate gets 1 mark. If the answer option is wrong, 0.25 marks will be deducted. So, students need to select the answer accurately.

Corporate and Management Accounting MCQ Sample Questions

The CS Executive Corporate and Management Accounting MCQ Sample Questions will be a guideline for students appearing for the CS executive exam. Practicing these MCQs provides candidates with a good understanding of the question format and difficulty level. Solving these questions will also enable them to evaluate their level of preparation effectively. Here, we will provide some sample CS Executive Corporate and Management Accounting MCQ questions with their answers for your reference. Read Also: CS Executive  Previous Year Question Papers
  1. As per the Companies Act, 2013, the duration of the normal operating cycle is assumed as
(A) 3 months (B) 6 months (C) 9 months (D) 12 months Answer: (D) 12 months
  1. The dividend should be paid within_____ of declaration. (A) 5 days (B) 10 days (C) 30 days (D) 60 days
Answer:  (C) 30 days
  1. In corporate management, decisions made for a long-term period is called:
(A) Working capital decision (B) Future decisions (C) Capital budgeting decisions (D) Profit volume analysis. Answer: (C) Capital budgeting decision
  1. What is the primary objective of a publicly-owned firm to serve its stockholders? (A) Maximize expected total corporate profit (B) Maximize expected EPS (C) Maximize the stock price per share (D) Maximize expected net income.
Answer: (C) Maximize the stock price per share 5. Which costing method is applicable in industries with continuous production? A) Job costing B) Batch costing C) Process costing D) Activity-based costing Answer: (D) Process costing
  1. Corporate Dividend Tax is shown as a liability under the heading of- (A) Current Liabilities (B) Non-Current Liabilities (C) Tax Liabilities (D) Deferred Liabilities
Answer: (A) Current Liabilities
  1. OPC shall file a copy of the financial statements, along with all the documents, within_____ from the closure of the financial year. (A) 30 days (B) 60 days (C) 120 days (D) 180 days
Answer: (D) 180 days 8. Which financial ratio measures a company's ability to meet its short-term liabilities? A) Debt-to-equity ratio B) Current ratio C) Return on assets D) Price-to-earnings ratio Answer: B) Current ratio 9. In corporate accounting, the primary financial statements include all EXCEPT: A) Balance Sheet B) Income Statement C) Statement of Cash Flows D) Statement of Economic Value Added (EVA) Answer: D) Statement of Economic Value Added (EVA)

10. Which of the following is NOT a component of management accounting?

  1. A) Cost accounting B) Financial Accounting C) Budgeting D) Taxation
Answer: D) Taxation

Corporate and Management Accounting MCQ For Dec 2024 Exam FAQs

How many modules are there in the CS executive exam?

The CS executive exam has two modules with four papers in each module.

What are the passing marks in the CS Executive Exam?

To pass the CS Executive exam, candidates must secure at least 40% marks in each paper and 50% overall across both modules.

What are the total marks in the Corporate and Management Accounting paper in the CS executive exam?

The Corporate and Management Accounting paper carries 100 marks in the CS executive exam.

How many times are the CS executive exams held annually?

The CS executive exams are conducted twice a year: June and December.
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