Business and Finance ICAB Chapterwise question analysis (From June 10 to June 16)

Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M Q. N. M
Jun/16 1(a), (b) & (c ) 10 7(b) 6 3(a) & (b) 8 7(a) 4
4(a) & (b) BEP, 8(a) &
(b) NPV
28 9 Ratio 10
2(a), (b) EOQ, 5(a) &
(b) Rcv. Mgt.
24 6(a), (b) 7 6(c ) 3 100
Dec/15 1(a) 4 2(a), 6(b) 11 1(b) 6
4(a) & (b) NPV, 5(a) &
(b) WACC, 9(a) & (b)
BEP
41
3(a) & (b) COC, 8
WC
20 7(a) & (b) 10 6(a) 5 2(b) 3 100
Jun/15 1(a) & (b) 10 2(a) & (b) 9 7(a) 5
4(a) & (b) WACC, 6(b)
NPV, 8(b)
21 8(a) & (b), 10
3(a), & (b) COC,
5(a) & (b) EOQ, 9
Ratio
40 6(a) 5 100
Dec/14
1(a), (b) & (
c)
10 8(a) & (b) 10
5(i), (ii) &
(iii)
10
2(a) & (b) Purhase
budget, 3(a) &(b) NPV
20 9 Ratio 20 4(a) & (b) Rcv. Mgt. 10 6(i) & (ii) 10
7(i) &
(ii) PED
10 100
Jun/14 9(a) 4 2(a) & (b) 10
1(a) & (b), 3(a) & (b)
WACC, 5(a), 9(b) PBP,
ARR
33
5(b) COC, 8(a) & (b)
EOQ
18
4(a) & (b),
6(a)
15
6(b)
& ( c)
10
7(a) &
(b) PED
10 100
Dec/13 1(a) & (b), 2(a) 15 4(a) & (b) 10
2(b), 9(a) &
(b)
15
5(a) &(b), 8(a)
& (b)
20 3(a) & (b) BEP 10 7 Ratio 20 6(a) & (b) EOQ 10 100
Jun/13 8(a) & (b) 10
1(a) & (b) BEP, 4(a) &
(b) DCF, 5(a) & (b) PBP
30 2 Ratio 20 3(a) & (b) Rcv. Mgt. 10 9(a) & (b) 10 6(a) & (b) 10 7(a) & (b) 10 100
Dec/12 5(a) & (b) 8 5(c ) 5 9 5
6(a), (b),
(c ) & (d)
20 3(a) &(b) 4
2(a) ROI & (b)
Average
collection
period, 3(c ), 4
Ratio
26 1(a) & (b) 9
3(d),
5(d), 7,
8
23 100
Jun/12 3(ii) 3
4(a), (b) &
(c )
16 5(a) & (b), 10 13 3(i), 5(c ) 10 3(iii) 3 6 Ratio 10
1(a) & (b) EOQ, 8, 9
Rcv. Mgt.
25 2(s) 5 2(b) 10 7 5 100
Dec/11 6(a) & (b) 10
1(a) & (b),
8(a)
13 4(a) & (b) 10 8(d), 7 BEP, 3 23
9(a) & (b)
Ratio, 8(b) &
(c ), 2(a) & (
C)
22
10 (a) & (b) Rcv.
Mgt., 2(b)
13 5(a) & (b) 10 100
Jun/11 2(a) & (b) 10
1(a), (b) &
( c)
Expected
return,
4(a), (b) &
(c )
20 7 BEP 10
3(a) & (b)
Ratio,
10 5 Rcv. Mgt., 6 Ratio 20 10(a) 4 10(b) 6
8(a),(b)
& (c ),
9(a) &
(b)
20 100
Dec/10 1 6 3(a), (b) 10
10(a) &
(b)
10 8(a) 2
5(a) & (b) BEP, 4
NACIF, PBP
20 2 Ratio, 8(b) 12
6 COC, 8(c ), (d) & (e
)
16 9 6 7 PED 10 11 8 100
Jun/10
1(b) GP,NP
and Mark up,
7(a) & (b), 8(a)
& (b)
16 9(a) & (b) 8
3(a), (b) & ( c),
6(a) & (b)
20
10(a), (b)
& (C )
10 4(a) NPV 5
1(a), 4(b)
Ratio, 5
17
2(a) & (b) EOQ,
12(a) & (b) COC
18 11 6 100
Total 48 93 42 123 80 26 248 177 224 10 71 65 58 36
Average 4 7 3 9.5 6 2 19 14 17 1 5 5 4.5 3 100
13 14 15
Total
Institue of Chartered Accountants of Bangladesh
Professional Stage - Knowledge Leve
Business and Finance
Chapter wise past questions summary
Chapter
Session 6 7 8 9 10 121 2 3 4 5
Aiyub Uddin (14th Batch)Hoda Vasi Chowdhury Co

Q. N. Q. Ref. Question Marks Session
1 1-a
What do you understand by primary and secondary objectives
of business?
3 Jun'16
2 1-b
Is wealth maximisation always the primary objective of
business?
3 Jun'16
3 1-c How would you measure that a business has performed well? 4 Jun'16
4 1-a
How Key Performance Indicators (KPI‟s) are used to measure
the performance of an organisation.
Dec'15
5 1-a How would you define an organization? 5 Dec'13
6 1-b
What do organisations have in common and how do
organisations differ?
5 Dec'13
7 2-a What are KPIs? What should be the KPI of an Industrial unit? 5 Dec'13
8 3 Write short note on Corporate social responsibility 3 Jun'12
9 7-a Define a not for profit organization. 3 Jun'10
10 7-b Is the ICAB not for profit organization? 5 Jun'10
11 8-a Define organizational goals. 3 Jun'10
12 8-b
Most organizations establish quantifiable organizational goals.
Give reasons why non operational goals might still be
important.
2 Jun'10
1 1-b
Niko Ltd. Has a revenue of Taka 1,600,000, cost of sales Taka
900,000 and expenses of Taka 350,000. Calculate the GP
margin, Net margin and Mark-up on cost of sales.
3 Jun'10
Math.
Institute of Chartered Accountants of Bangladesh
Professional Stage - Knowledge Level
Module: Business and Finance
Chapter 1: Introduction to business
Theory
Aiyub (14th Batch)Hoda Vasi Chowdury Co

1 7-b, 9-a
Discuss the 4 leadership styles propounded by Likert and
identify the best one with justification
6
Jun'16,
Jun'14
2 2-a
When a manager delegates authority and responsibility for a
task, they also delegate full accountability. Do you agree?
Explain.
3 Dec'15
3 6-b
What are the functions of human resource management
(HRM)? Describe the four Cs model of HRM.
8 Dec'15
4 1-a Define the delegation of authority and responsibility. 3 Jun'15
5 1-b What are the problems of poor delegation? 7 Jun'15
6
1-a, 4-a,
6-b, 9-a
Explain the term „hierarchy of needs‟as describedby Abraham
Maslow/Discuss the hierarchy of needs suggested by Abraham
Maslow that drives an individual‟s
motivation.
3
Dec'14,
Dec'13,
Dec'11,
Jun'10
7 1-b Describe the theory of X and Y by McGregor. 3 Dec'14
8 1-c Explain about the 4 P‟s of marketing mix. 4 Dec'14
9 4-b, 9-b How can the management use the 'Maslow's hierarchy of
needs' model while designing an employee evaluation system?
5
Dec'13,
Jun'10
10 5-a What is marketing mix? 2 Dec'12
11 5-b
Describe the various components (known as four „P‟s) of
marketing mix.
6 Dec'12
12 4-a What is Human Resource Management? 3 Jun'12
13 4-b
Describe the different approaches of Human Resource
Management.
7 Jun'12
14 4-c Describe different leadership styles. 6 Jun'12
15 6-a Define motivation. Jun'11
Chapter 2: Managing a business
Theory

1 3-a Define span of control in a business organization. 3 Jun'16
2 3-b What factors influence the span of control in a business? 5 Jun'16
3 2-b
What is an organizational structure? What are the building
blocks in an organizational structure?
5 Dec'13
4
9-a, 8-a,
1
Define span of control. (Short note) 3
Dec'13,
Dec'11,
Dec'10
5 9-b, 1 What factors influence the span of control in a business? 7
Dec'13'
Dec'10
6 1-a
What are centralization and decentralization in the context of
organizational management?
5 Dec'11
7 1-b
What factors affect the amount of decentralization in a
business?
5 Dec'11
Chapter 3: Organizational structure and business forms
Theory

1 1-b Explain the term 'Supply Chain Management - SCM' process. 6 Dec'15,
2 2-a What is strategic management process? 5 Jun'15
3 2-b
What are the economic factors affecting a business
environment as described by PESTEL analysis?
4 Jun'15
4 8-a What is ssupply chain management (SCM)? 5 Dec'14
5
8-b, 5-a,
8-b, 5-c,
6-a
Explain different stages of product life cycle. 5
Dec'14,
Dec'13,
Jun'13,
Dec'12,
Jun'10
6 2-a
What do you understand by the term strategic planning
process?
4 Jun'14
7 2-b, 5-b
What are the different stages of strategic planning? What are
the benefits and drawback of strategic management in the
corporate world?
6
Jun'14,
Jun'12,
Jun'11
8 5-b
You have developed an idea to set up a publishing house for
the student of CA profession. Advise how external
environmental factors might affect a publishing business using
PESTEL analysis.
5
Dec'13,
Jun'10
9 8-a, 5-a What is strategic management? 5
Dec'13,
Jun'12,
Jun'11,
Jun'10
10 8-b What are the benefits of strategic management? 5 Dec'13
11 8-a Define product life cycle. 3 Jun'13
12 10, 3-a
Explain why SWOT analysis is important for corporate
appraisal process.
5
Jun'12,
Dec'11
13 2-a Define different levels of strategy. 3
Jun'11,
Jun'10
14 3-b
What is Gap analysis? How does this help management in
setting future strategies?
5 Dec'11
15 3-b What is corporate strategy? Jun'10
16 3-c
How economic environment like inflation, interest rates, tax
levels, government spending etc. influence business decisions?
Jun'10
Chapter 4: Introduction to business strategy
Theory

1 7-a
What is risk management? Write the elements of the risk
management process.
5 Jun'15
2 5-i Define business risk. 3 Dec'14
3 5-ii
Why risk identification is important as one of the means of risk
management process?
3 Dec'14
4 5-iii Distinguish between risk assessment and risk measurement. 4 Dec'14
5 9 What is the difference between risk and uncertainty? 5 Dec'12
6 3 Write short notes on Risk management 3 Jun'12
7 5-c Describe the different approaches of crisis management. 7 Jun'12
8 4-a Define risk. How does it differ from uncertainty? 4 Dec'11
9 4-b What risks are usually faced by business? 6 Dec'11
10 1-a Define Risk and Uncertainty. 3 Jun'11
11 1-b What are upside and downside risks? 3 Jun'11
12 4-a What is business risk management? 2 Jun'11
13 4-b When is risk management necessary? 4 Jun'11
14 4-c How does business risk management work? 4 Jun'11
15 10-a
Define crisis management and what are the different types of
business crisis.
5 Dec'10
16 10-b How business crisis can be addressed. 5 Dec'10
17 10-a How would you explain risk and uncertainty? 3 Jun'10
18 10-b What are the various types of financial risks? 3 Jun'10
19 10-c How the risks can be avoided or minimized? 4 Jun'10
1 1-c 5 Jun'11
Math.
Chapter 5: Introduction to risk management
Theory

1 7-a Who are the users of financial information of an entity? 4 Jun'16
2 6-a What is marketing mix? 2 Dec'12
3 6-b
Describe the various components (known as four „P‟s) of
marketing mix.
6 Dec'12
4 6-c Describe the various stages of product life cycle. 5 Dec'12
5 6-d What factors influence the supply? 3 Dec'12
6 8-a Management information system (MIS) 2 Dec'10
Chapter 6: Introduction to financial information
Theory

1 4-a Explain break-even point. 3 Jun'16
2 8-a
Does a project that generates a positive internal rate of return
also have a positive net present value? Explain.
4 Jun'16
1 (4-b) June-2016 (Break even point) Marks-9
2 (8-b) June-2016 ( Net present value) Marks-12
3 4(b) December-2015 (Net present value) Marks-8
Math.
Chapter 7: The business's finance function
Theory

4 5(b) December-15 (Weighted average cost of capital) Marks-10
5 9(b) December-2015 (Break even point) Marks-10
6 4(b) June-2015 (Weighted average cost of capital) Marks-7

7 6(b) June-2015 (Net present value) Marks-6
8 2(b) December-2014 (Purchase budget) Marks-7
9 3(b) December-2014 (Net present value) Marks-7

10 3(b) June-2014 (Weighted average cost of capital) Marks-8
11 9(b) June-2014 (Pay back period and accounting rate of return) Marks-8
12 3(b) December-2013 (Break even point) Marks-7
1(b) June-2013 (Break even point) Marks-8

13 4(b) June-2013 (Discounted cash flow) Marks-5
14 5(b) June-2013 (Pay back period) Marks-7
15 7 December-2011 (Break even point) Marks-10

16 7 June-2011 (Break even point) Marks-10
17 5(b) December-2010 (Break even poinnt) Marks-5
18 4 December-2010 (Net annual cash inflow) Marks-5

19 4(a) June-2010 (Net present value) Marks-5
Abc Ltd has Tk 100,000 which can be invested @ 10% p/a in FDR. Alternatively, the fund can be
invested now to receive back Tk 125,000 in 12 month time, because of risk issue, the company
expects12% return on it. What would be your suggestion as an advisor?

1 8-a
Write the objectives of measuring a business' performance.
Who uses performance measures?
5 Jun'15
2 8-b What is balanced scorecard? Explain its different perspectives. 5 Jun'15
3 9-a Who uses financial performance measures and why? 4 Dec'11
4 2-a
What financial ratios are used to measure the liquidity position
of a business?
2 Dec'11
5 Write short notes on the following:
6 (b) Economic Value Addition (EVA) 2.5 Dec'11
7 (c) Return on Capital employed (ROCE) 2.5 Dec'11
8 3-a Define balanced scorecard. 2
Jun'11,
Dec'10
9 1-a What is economic value added? How can we calculate EVA? 2 Jun'10
How can we get the followings?
1 9 10 Jun'16
Theory
Math.
Chapter 8: Measurning performance
8
i) Inventory turnover ratio, ii) Return on capital employed, iii)
Current ratio, iv) Quick ratio, v) Debt equity ratio, vi) Gearing
ratio, vii) Interest cover and viii) Asset turnover ratio.
Jun'1010510

3 9 20 Dec'14

4 7 20 Dec'13

5 2 20 Jun'13

6 2-a 4 Dec'12
7 2-b 5 Dec'12
8 6 10 Jun'12

9 9-b 6 Dec'11
10 2-c 5 Dec'11
11 2-b 8 Jun'11

13 2 10 Dec'10

14 4-b 5 Jun'10

1 2-a What is the purpose of the EOQ model? 3 Jun'16
2 2-a
Why may a JIT control system be useful in disclosing a firm's
inefficiencies and problems?
3 Jun'16
3 5-a What are the good practices in receivable management? 3 Jun'16
4 3-a What is accounts receivables factoring? 3 Dec'15
5 3-a Describe the functions of treasury management. 3 Jun'15
6 5-a What is the purpose of the EOQ model? 2.5 Jun'15
7 5-a What are the costs associated with holding inventory? 2.5 Jun'15
8 4-a
What is receivables management?How an organisation
controls its receivables?
3 Dec'14
9 8-a
Describe Economic Order Quantity as one of the system of
Inventory control
3 Jun'14
10 6-a
What is basic trade off:cost of holding vs cost of running out
of cash?
4 Dec'13
11 3-a What should be the aim of good cash management? 3 Jun'13
12 1-a
What are the various costs associated with holding inventory?
4 Jun'12
13 8
What is cash operating cycle and what should be the ideal
level of trade receivables? Discuss in brief.
6 Jun'12
14 2-b
What are the usual solutions to the liquidity problems in
business?
3 Dec'11
15 10-a
Explain what do you understand by Accounts Receivable
Management?
4 Dec'11
Write short notes on the followings:
8-c Perpetual inventory methods 2
8-d
Basic trade-off: cost of holding vs. cost of running out of cash
2
8-e Fiduciary relationship 2
17 2-a What is economic order quantity? 3 Jun'10
18 12-a What is cash operating cycle? 3 Jun'10
Chapter 9: Working capital and the treasury management
Theory
Dec'1016

1 Q. 2(b) Exam. June'2016 (Economic Order Quantity) Marks-8
2 Q. 5(b) June 2016, December 2014 and June 2011 Marks-7
3 Q. 3(b) Exam. December'2015 (Cash operating cycle) Marks-7
4 Q. 8 Exam. December'2015 (Working capital) Marks-10
Math.

5 Q. 3(b) Exam. June'2015 (Cash operating cycle) Marks-7
6 Q. 5(b) Exam. June'2015 (Economic Order Quantity) Marks-10
2 9 June 2015, June 2011 15

7 Q. 4(b) Exam. December'2014 (Receivables management) Marks-7
9 Q. 8(b) Exam. June'2014 (Economic order quantity) Marks-7
10 Q. 6(b) Exam. December'2013 (Economic order quantity) Marks-6
11 Q. 3(b) Exam. June'2013 (Receivables management) Marks-7

13 Q. 9 Exam. June'2012 (Receivables management) Marks-9
14 Q. 10(b) Exam. December'2011 (Receivables management) Marks-6
15 Q. 5 Exam. June'2011 (Receivables management) Marks-10

16 Q. 6 Exam. December'2010 (Cash operating cycle) Marks-10
Calculate EOQ from the following information:
Reagent costs Taka 100 per Litre. 2000 ltr. are to be used per annum and holding cost per
ltr is Taka 5 each order placed costs Taka 200 against overhead.

1 9-a
What is meant by professional behavior of the professional
accountants?
5 Jun'13
2 9-b Discuss the various threats to professional principles. 5 Jun'13
Chapter 10: The professional accountant
Theory

No questions on this chapter had been given in previous
exam.
Math.
Chapter: Structure and regulation of the accountancy profession
Theory

1 6-a What is corporate governance? 3 Jun'16
2 6-b What are the objectives of corporate governance? 4 Jun'16
3 7-a What are business ethics? 4 Dec'15
4 7-b Write down the acceptable ethical practices in business? 6 Dec'15
5 6-a
Describe business ethics in brief. How can an ethical culture
be promoted?
5 Jun'15
6 4-a
Describe the standard common practice of business ethics.
4 Jun'14
7 4-b
How can the corporate business world ensure ethical
leadership from the Board of Directors?
6 Jun'14
8 6-a What is Corporate Governance? 5 Jun'14
9 6-a
What are business ethics? What are the main functions of
code of ethics?
5 Jun'13
10 6-b
What should a company have in mind relating to the
objectives of code of ethics?
5 Jun'13
11 1-a Define business ethics. 4 Dec'12
12 1-b What are the acceptable minimum business ethics? 5 Dec'12
13 2-a
What is Corporate Governance and why is Corporate Governance system
required?
5 Jun'12
14 10-a What is Corporate Governance? 4 Jun'11
15 9 What is corporate governance? What are the objectives of corporate
governance?
6 Dec'10
** Question in italic font indicates these questions were repeated in another exam.
Chapter 12: Governance and ethics
Theory

1 6-c What is the external audit's role in corporate governance? 3 Jun'16
2 6-i What is internal control? 4 Dec'14
3 6-ii
Distinguish between the responsibility of Board of Directors
and Management of the company with regards to maintaining
effective internal control.
6 Dec'14
4 6-b What are the functions of Audit Committee? 5 Jun'14
5 6-c
Write in brief the constitution of Audit committee in an
organization?.
5 Jun'14
6 7-a Explain about the code of corporate governance. 4 Jun'13
7 7-b
What are the important points that need to be covered in the
Directors‟ Report to Shareholders prepared under section 184
of Companies Act, 1994?
6 Jun'13
Describe the following as per provisions of Corporate
Governance guidelines as issued by the Securities & Exchange
Commission of Bangladesh:
i) Constitution of Board Audit Committee and its roles and
responsibilities;
7
ii) Services restricted in the company for its statutory auditors.
3
9 5-a What is good practice in corporate governance? 4 Dec'11
10 5-b
Give examples of at least 5 key elements that support good
corporate governance.
6 Dec'11
11 10-b
Describe the essential requirements of Audit Committee as
advised by the SEC vide circular
ref.SEC/CMRRCD/2006
‐
158/Admin/02
‐
06 to comply with
corporate governance.
6 Jun'11
12 11
What are the contents of the code of Corporate Governance?
6 Jun'10
2-b Jun'128
Past exam. questions
Chapter 13: Corporate governance

1 6-a
Differentiate between price elasticity of demand and price
elasticity of supply.
5 Dec'15
2 7-i What is the theory of cross elasticity of demand? 4 Dec'14
3 7-a Write the theory of price elasticity of demand 3 Jun'14
4 3-d Write short notes on the Duopoly. 2 Dec'12
5 5-d What factors influence the supply? 3 Dec'12
6 7
Define equilibrium price and describe the factors that
influence supply.
8 Dec'12
7 8
What is price elasticity of demand? Write the effects when
demand inelasticity of a product is above zero.
10 Dec'12
1 Q. 7(ii) Exam. December'2014 Marks-6
2 Q. 7(b) Exam. June'2014 Marks-7
3 Q. 7 Exam. December-2010 Marks-10
Math.
Past exam. questions
Chapter 14: The economic environment of business and finance

1 2-b Why was Sarbane-oxley Act Passed? 3 Dec'15
2 7
Discuss the economic advantages of international free trade. 5
Jun'12
3 8-a
What do you understand by the term “Insider trading of a
listed company‟s shares”.
4 Jun'11
4 8-b What is market abuse? 3 Jun'11
5 8-c What is fraudulent trading of an insolvent company? 3 Jun'11
6 9-a Why was the Sarbanes
‐
Oxley Act passed? 5 Jun'11
7 9-b Define corporate responsibility for financial reports. 5 Jun'11
8 11 State the economic advantages of International Fare Trade. 8 Dec'10
Past examinations question
Chapter 15: External regulation of business

Business and Finance ICAB Chapterwise question analysis (From June 10 to June 16)

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Business and Finance ICAB Chapterwise question analysis (From June 10 to June 16)