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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting and Analysis
Semester : II
Program ( New) : DBM / PGDBM / DHRM / PGDHRM / DMM / PGDMM / DFM / PGDFM / DBFM /
PGDBFM / DSCM / PGDSCM / DITM / PGDITM / DFPWM / PGDRM / PGDGM
Assignment Marks: 30
Instructions:
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1500 words. Use relevant examples, illustrations as
far as possible.
All answers to be written individually. Discussion and group work is not advisable.
Students are free to refer to any books/reference material/website/internet for attempting their
assignments, but are not allowed to copy the matter as it is from the source of reference.
Students should write the assignment in their own words. Copying of assignments from other
students is not allowed.
Q1. Prepare cash flow statement for the year ended 31
st
December, 2014 from the following
Balance sheet of Raj Ltd.
Page 2
Liabilities
2013
2014
Assets
2013
2014
Share Capital
3,75000 3,75,000 Building
3,75,000 3,56,250
Reserves and Surplus
93,750
1,12,500 Plant & Machinery
3,15,000 3,45,375
Profit/Loss A/c
57,195
57,375 Stocks
75,000
55,500
Loan from Bank
1,31,250 1,16,250 Sundry Debtors
1,50,000 1,20,000
Sundry Creditors
2,06,250 1,73,425 Cash/ Bank
2,250
14,625
Provision for Taxation
63,180
57,200 Goodwill
9375
---
9,266,25 8,91,750
9,26,625 891750
Other Information
1) Dividend Interim of 22000 was paid during the year
2) Depreciation on Building is provided at 5%
3) Plant and Machinery of 56,250 was acquired during the year
4) Income Tax provision for the year was 50,000
Q2.
(a) Discuss with the help of example the provisions of Valuation of Inventories as per
Accounting Standard 2.
(b) In what way the provisions of Accounting Standard 20 can be useful to improve
comparison of performance among different organizations for a given period. .
***************
Page 1
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting and Analysis
Semester : II
Program ( New) : DBM / PGDBM / DHRM / PGDHRM / DMM / PGDMM / DFM / PGDFM / DBFM /
PGDBFM / DSCM / PGDSCM / DITM / PGDITM / DFPWM / PGDRM / PGDGM
Assignment Marks: 30
Instructions:
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1500 words. Use relevant examples, illustrations as
far as possible.
All answers to be written individually. Discussion and group work is not advisable.
Students are free to refer to any books/reference material/website/internet for attempting their
assignments, but are not allowed to copy the matter as it is from the source of reference.
Students should write the assignment in their own words. Copying of assignments from other
students is not allowed.
Q1. Prepare cash flow statement for the year ended 31
st
December, 2014 from the following
Balance sheet of Raj Ltd.
Page 2
Liabilities
2013
2014
Assets
2013
2014
Share Capital
3,75000 3,75,000 Building
3,75,000 3,56,250
Reserves and Surplus
93,750
1,12,500 Plant & Machinery
3,15,000 3,45,375
Profit/Loss A/c
57,195
57,375 Stocks
75,000
55,500
Loan from Bank
1,31,250 1,16,250 Sundry Debtors
1,50,000 1,20,000
Sundry Creditors
2,06,250 1,73,425 Cash/ Bank
2,250
14,625
Provision for Taxation
63,180
57,200 Goodwill
9375
---
9,266,25 8,91,750
9,26,625 891750
Other Information
1) Dividend Interim of 22000 was paid during the year
2) Depreciation on Building is provided at 5%
3) Plant and Machinery of 56,250 was acquired during the year
4) Income Tax provision for the year was 50,000
Q2.
(a) Discuss with the help of example the provisions of Valuation of Inventories as per
Accounting Standard 2.
(b) In what way the provisions of Accounting Standard 20 can be useful to improve
comparison of performance among different organizations for a given period. .
***************
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