SMU MBA ASSIGNMENTS

ASSIGNMENT DRIVE WINTER 2013

PROGRAM MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2

SEMESTER 1 SUBJECT CODE & NAME

MB0041 FINANCIAL AND MANAGEMENT ACCOUNTING

BK ID B1624 CREDITS 4 MARKS 60

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Q.No Questions Marks Total Marks

1 Give the classification of Accounts according to accounting equation approach with its meaning and examples. Compare the traditional approach with modern approach of accounting equation approach. Analyze the transaction under traditional approach.

a. 20.1.2011 Paid salary Rs. 30,000

b. 20.1.2011 Paid rent by cheque Rs. 8,000

c. 21.1.2011 Goods withdrawn for personal use Rs. 5,000

d. 25.1.2011 Paid an advance to suppliers of goods Rs. 1,00,000

e. 26.1.2011 Received an advance from customers Rs. 3,00,000

f. 31.1.2011 Paid interest on loan Rs. 5,000

g. 31.1.2011 Paid instalment of loan Rs. 25,000

h. 31.1.2011 Interest allowed by bank Rs. 8,000

Classification of accounting equation approach with meaning and examples Analysis of transaction —with accounts involved-nature of accountaffects and debit/credit

2 The following trial balance was extracted from the books of Chetan, a small businessman. Do you think it is correct? If not, rewrite it in the correct form. Debits Rs. Credits Rs.

 

3 From the given trial balance draft an Adjusted Trial Balance.

Trial Balance as on 31.03.2011

 

Adjustments:

1. Charge depreciation at 10% on Buildings and Furniture and fittings.

2. Write off further bad debts 1000

3. Taxes and Insurance prepaid 2000

4. Outstanding salaries 5000

5. Commission received in advance1000

Preparation of ledger accounts

Preparation of trial balance

4 Compute trend ratios and comment on the financial performance of Infosys Technologies Ltd. from the following extract of its income statements of five years.

(in Rs. Crore)

Particulars          2010-11                2009-10                2008-09                2007-08                2006-07

Revenue              27,501                   22,742                   21,693                   16,692                   13,893

Operating Profit

(PBIDT)                 8,968                     7,861                     7,195                     5,238                     4,391

PAT from

ordinary activities 6,835                    6,218                     5,988                     4,659                     3,856

(Source: Infosys Technologies Ltd. — Annual Report)

Preparation of trend analysis

Preparation of trend ratios

Conclusion

5 Give the meaning of cash flow analysis and put down the objectives of cash flow analysis. Explain the preparation of cash flow statement.

Meaning of cash flow analysis

Objectives of cash flow analysis

Explanation of preparation of cash flow analysis

6 Write the assumptions of marginal costing. Differentiate between absorption costing and marginal costing.

Assumptions of marginal costing (all 7 points)

Differences of marginal and absorption costing (Includes all 8 points)

 

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