Accounting Theory Question Paper

Accounting Theory

Course:Bachelor Of Commerce

Institution: Kenyatta University question papers

Exam Year:2009

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2008/2009
INSTITUTE OF OPEN LEARNING

EXAMINATION FOR THE DEGREE OF BACHELOR OF COMMERCE

BAC 405:
ACCOUNTING THEORY

DATE:
FRIDAY 14TH AUGUST 2009
TIME: 2.00 P.M. – 4.00 P.M.

INSTRUCTIONS:
The paper has FOUR questions.
Answer ALL the Questions.

QUESTION 1
a)
Accounting as a discipline has evolved over time. In your opinion what period is

considered the modern era and what are the key milestones.

(10 marks)
b)
Explain the term capital maintenance as applied in accounting theory.
(7 marks)
c)
“Income is considered to be earned while capital is maintained intact” Discuss.

(8 marks)
d)
Explain the term conceptual framework as applied in accounting theory. (9 marks)

(Total 29 marks)

QUESTION 2
Conservatism is an important concept in accounting as a profession, explain its accounting
procedures and its application in accounting.

(20 marks)

Page 1 of 2

QUESTION 3
a)
Accounting theory can be found in three main theories. Discuss these theories.

(6 marks)

QUESTION 4
a)
“For any given firm Human resource aspect are considered to be an important

resource but they cannot be considered as assets” Discuss the statement. (10 marks)
b)
Human resource accounting has different methods of analysis, discuss the methods

and indicate the one that is considered most applicable in Kenyan scenario.

(5 marks)

(Total 15 marks)
Page 2 of 2

📘 Access 10,000+ CBC Exams With Marking Schemes

Accounting Theory Question Paper

More Question Papers

Exams With Marking Schemes

End Term 3 Exams

Mid Term Exams

End Term 1 Exams

Opener Exams

Full Set Exams