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MGT401 Current Mid Term Papers Spring 2014 & Past Mid Term Papers at One Place Date: June 07 to June 18, 2014

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Total question 23
4 were of 5 no i think ya shid last 2 serf 5 no ke the
object were very easy and subjective were intehai mushkil.
most paper were fm old papers. subject were totaly new and deffernt.
borrowing cost, realized velue, loss/surpuls control and financial instrument ye question aya thay.
best of luck

ap k marks distribution se pata lag ra k bht mushkil ta apka paper. best of luck

Today's Exam:

18 MCQ's mostly related to IAS so must learn them by heart (1 Mark each)

Q19-Write down the names of major classifications of liabilities in Balance Sheet? (3 Marks)

Q20-If Cost of investment Rs. 17,400 and Company’s share in loss of subsidiary Rs. 3,100 then how would you disclose this matter in notes to the accounts for the year 2008? (3 Marks)

Q21-What is the accounting treatment of Surplus on Revaluation of Fixed Assets with respect to the section 235 of the Companies Ordinance 1984? (5 Marks)

Q22-Identify the Financial Assets from the following?

Cash, Bank balance, Gold, Accounts receivable, Inventories, Loans receivable, Notes receivable in government bonds, Deferred costs, Interest in associates, Interest in joint ventures (5 Marks)

Q23-You as a financial accountant are required to give details about the disclosure requirements (as per the relevant IAS/Companies Ordinance 1984)  of “Long-term Loans and Advances” issued by the company. (5 Marks)

***Best of Luck***

Muhammad Farhan Sohail thanks for sharing ur paper.. 

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total 23 questions aye thay18 short thay

long Q 




UR LAST 2 YAAAD nahi rahe ...

MCQ's asan aye thay mostly past paperz me say.

Best of luck jin ka MGT 401 ka paper abi hone wala h.

my paper 

differentiate b/w the authorized and paid up capital 3

treatment of revlauation of fixed asset if there is surplus 3

numerical question using waighted average method 3

make notes for stores and spares...value was given 5

1 bhool gai

best of luck fellowzzzzzzzzzzzz

Thanks Saeed and Wafa for paper Sharing

Thanks alot for sharing

Some Questions From Past Papers

What qualitative characteristics make the financial information reliable? 5 marks

Bad debts & doubtful debts & factors that makes it baddebts.5marks

Types of Stock in Trade regarding Trading concerns and Manufacturing Concerns .3 marks

Benchmark Treatment and Allowed Alternative Treatment for Recognition of Fixed Assets. 3 marks

Information to be disclosed for the Classes of Share capital .3marks

  • Difference between periodic and perpetual inventory system
  • Describe the objectives of IASBs under financial accounting
  • Describe the equity method of accounting statement “other long terms investments”

·   Difference between benchmark treatment and alternative allowance treatment

You are most welcome Malik Sahib...

What qualitative characteristics make the financial information reliable?

Information to be disclosed for the Classes of Share capital

Select  Financial Assets below: -

cash, bank balance, a/r, n/r, n/r government, associated, subsidery, gold, land, assets from financial lease


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