ACCOUNTING & FINANCE IN SCM

Segregation of duties in supply chain management helps to:

• Reduce transportation costs

• Increase inventory levels

• Prevent fraud and errors

• Improve customer satisfaction

Which of the following is not a common internal control in supply chain management?

• Regular audits

• Segregation of duties

• Increasing transportation costs

• Hierarchical authorizations

Why might supply chain managers work with legal and accounting professionals?

• To increase inventory turnover

• To ensure compliance with regulatory requirements

• To reduce transportation lead time

• To improve packing efficiency

What is the formula for calculating profit?

• Profit = Costs * Revenue

• Profit = Revenue + Costs

• Profit = Revenue - Costs

• Profit = Costs / Revenue

If supply chain costs increase, the profit margin:

• • Increases

• Decreases

• Remains unchanged

• Doubles

Which Ind AS addresses employee benefits?

• Ind AS 12

• Ind AS 19

• Ind AS 24

• Ind AS 33

Borrowing costs are regulated by

• Ind AS 1

• Ind AS 16

• Ind AS 23

• Ind AS 32

Related party disclosures are governed by

• Ind AS 23

• Ind AS 24

• Ind AS 28

• Ind AS 37

Investments in associates and joint ventures are primarily covered by

• Ind AS 28

• Ind AS 32

• Ind AS 37

• Ind AS 41

Which Ind AS deals with earnings per share?

• Ind AS 33

• Ind AS 38

• Ind AS 41

• Ind AS 103