Kafedranın adı SABAH

Müəllimin adı İlqar Həşimov

Fənnin kodu 00531
Fənnin adı Maliyyə uçotu
Sualların sayı 75

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1(asan Which type of corporate reports exist and give brief information about them.
1 01 5
)
1(asan Explain the purpose and nature of financial accounting. Please consider also general accounting equation in
2 01 5 an extensive way.
)
Which accounting concept should be considered if the owner of a business takes goods from inventory for
3 01 2(orta) 10 his own personal use? Please discuss the general outlines of the concept in brief.

Describe the assets and their main categories. Distinguish between assets and expenses by providing
examples.
4 01 2(orta) 10
 Explain materiality, accrual basis, going concern, consistency concepts in detail.
5 01 3(çətin) 20

1(asan
6 02 5 The need for books of prime entry. Why do we need to use different day books in accounting?
)
1(asan
7 02 5 What is the difference between sales / sales return day books and purchase/purchase return day books?
)
Please provide information about contra accounts. Why do these contra accounts exist.? Explain the purpose
8 02 2(orta) 10 of them

Practical question:? Show the correct journal entry for each recordable transaction.
9 02 2(orta) 10

10 02 3(çətin) 20 Practical question: Restate the accounting equation by taking into account the effect of given transactions

1(asan What are the rules for debit and credit for different accounts to increase the amount in your business
11 03 5 accounts?
)
1(asan Compare temporary and permanent accounts and illustrate their accounting treatment.
12 03 5
)
What is a Trial Balance? Describe the types of errors that Trial Balance fails to reveal.
13 03 2(orta) 10
 Please provide double entries for Prepayment and Advance Received (in different dates)
14 03 2(orta) 10

15 03 3(çətin) 20
Practical question: Prepare adjusting entries for the given transactions

1(asan How is the value of inventories calculated? What does Net Realisable Value or Cost of Inventory mean?
16 04 5
)
1(asan What does “Cost of Goods Sold” mean? What kind of costs are typically included in it?
17 04 5
)
Practical question: Calculate the closing inventory value of the Product using FIFO method

18 04 2(orta) 10

Explain the effect of FİFO method to the balance sheet and income statement in the inflation period.

19 04 2(orta) 10

Contrast the periodic and perpetual inventory systems. Illustrate how should inventory be recorded under
periodic inventory system.
20 04 3(çətin) 20

What are the depreciation and amortization? How do they affect financial statements?
1(asan
21 05 5
)
 1(asan Please distinguish between capital and revenue expenditures
22 05 5
)
Practical question: Calculate the depreciation charge
23 05 2(orta) 10

Explain the case of revaluation of non-current assets (PPE) – IAS 16. Provide accounting entries to record
24 05 2(orta) 10 the revaluation

Practical question: Calculate gain/loss on disposal of a non-current asset

25 05 3(çətin) 20

1(asan What is the goodwill and why does it arise in on the balance sheet?
26 06 5
)
Compare Straight line and Reducing balance depreciation methods. Which classes of assets
1(asan
27 06 5 are more appropriate for the applying Reducing Balance method?Explain your answer
)
Research and Development costs. Definition, components, and recognition of them

28 06 2(orta) 10

Practical question: Calculate the depreciation charge

29 06 2(orta) 10

Please discuss the possible impact of non-current assets-related estimates on the profit figures of companies.
30 06 3(çətin) 20
 Illustrate the underlying reason for the discrepancy between the company's cash and profit amount. Which
accounting principle should be applied in profit calculations? Discuss the main outlines the of appropriate
1(asan
31 07 5 principle.
)

What are the tangible and intangible assets? Give examples

1(asan
32 07 5
)
Practical question: Prepare income statement based on the information presented in Unadjusted Trial
Balance
33 07 2(orta) 10

Practical question: Calculate the amount of profit based on the given information
34 07 2(orta) 10

Practical question: Prepare an Adjusted Trial Balance by considering the effect of the year-end adjustments
35 07 3(çətin) 20

1(asan In which ways, are allowance (bad debt expense) for account receivables calculated? Please mention them
36 08 5 and give brief information about them
)
1(asan Practical question: Calculate receivables expense to be recorded in Profit and Loss Statement.
37 08 5
)
Practical question: Calculate the closing balance of receivables control account
38 08 2(orta) 10
 Practical question: Calculate the figure that should appear for purchases in the Statement of Profit & Loss
39 08 2(orta) 10 by deriving information from the control account.

Discuss the disadvantages of the direct write-off method of accounting for uncollectibles
40 08 3(çətin) 20

1(asan Describe single and multi-step format of Income Statement

41 09 5
)
Explain the difference between operating profit, gross profit and net income
1(asan
42 09 5
)

Practical question: Calculate net profit amount after correcting the errors
43 09 2(orta) 10

Practical question: Prepare the correcting entry to rectify the error

44 09 2(orta) 10

Practical question: Determine the net profit that the company should report on its income statement
45 09 3(çətin) 20

1(asan Accrued liabilities definition and how should it be recorded in financial statements?
46 10 5
)
1(asan Classify the current liabilities examples and give information about each of them.
47 10 5
)
 Explain the case between temporary and permanent differences in calculation of deferred tax.
48 10 2(orta) 10

Practical question: Calculate the deferred tax liability

49 10 2(orta) 10

Detailed explanation of Commitments and contingencies (including possible vs probable cases)

50 10 3(çətin) 20

1(asan Which items comprise a company’s other comprehensive income? Please give detailed information about
51 11 5 them (two items could be explained).
)
Explain the retained earnings. Where can we see it and what does it show?
1(asan
52 11 5
)
Practical question: Find the dividend paid to stockholders
53 11 2(orta) 10

Practical question: Calculate ordinary share capital and share premium amount for the end of the year
54 11 2(orta) 10

Practical question: Calculate the amount of total comprehensive income for the year
55 11 3(çətin) 20
What items are needed from the balance sheet and income statement to prepare the cash flow statement?
1(asan
56 12 5
)
 How interest paid, interest received, dividend paid, and dividend received should be classified in cash flow
statements?
1(asan
57 12 5
)

58 12 2(orta) 10
Practical question: Calculate CFI for the year

Practical question: Calculate CFF for the year

59 12 2(orta) 10

Practical question: Calculate CFO by applying indirect method

60 12 3(çətin) 20

1(asan Describe the accounting treatment of a)investment in financial assets, b)investment in associates
61 13 5
)
1(asan List the major motivations for business combinations
62 13 5
)
Explain the main principles of the equity method used for reporting the investment in associates
63 13 2(orta) 10

Discuss the main features of the acquisition method

64 13 2(orta) 10

Practical question: Calculate the year-end balance of investment in associates

65 13 3(çətin) 20
 Practical question: Calculate the interest coverage ratio
1(asan
66 14 5
)
Explain the pros and cons of debt financing
1(asan
67 14 5
)
What is the main difference between the current ratio and the quick ratio? Why do companies the rely on
quick ratio?
68 14 2(orta) 10

Decompose Du Pont System and discuss each element in detail.

69 14 2(orta) 10

Practical Question: Calculate EPS

70 14 3(çətin) 20

1(asan Practical Question: Calculate the acid test ratio

71 15 5
)
Explain net trade cycle. What does it mean and how it is calculated?
1(asan
72 15 5
)

Please provide suggestions (ways) to improve the net working capital of a business
73 15 2(orta) 10
 Practical question: Calculate the cash conversion cycle
74 15 2(orta) 10

Practical question: Demonstrate the impact of each shown transaction on the current ratio individually
75 15 3(çətin) 20