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Management Programme
ASSIGNMENT
SECOND
SEMESTER
201
6
MS
-
0
4
:
Accounting and Finance for Ma
nagers
School of Management Studies
INDIRA GANDHI NATIONAL OPEN UNIVERSITY
MAIDAN GARHI, NEW DELHI
–
110 068
M
S
-
0
4
ASSIGNMENT
Course Code 
:
MS
-
04
Course Title
:           
Accounting and Finance for Managers
Assignment Code
: 
MS
-
04
/TMA/SEM
-
II/201
6
Coverage
:
All Blocks
Note:
Attempt  all  the
questions  and  submit  this  assignment  on  or  be
fore
31
st
October,  201
6
to
the
Coordinator
of your study cent
r
e
.
1.
Take
an
organization of your choice & find out how the
Accounting Reports
are prepared
by them and how these reports are useful for managers while making decisions relating to
the activiti
es of a Business.
2.
Prepare the Cash Flow Statement for XYZ Ltd.  for the year 2015
-
16 and analyze its cash
flow position.
Balance sheet of
XYZ
Ltd
. on 31
st
March
Liabilities & Equity
20
16
(Rs. i
n Lakh)
20
15
(Rs. i
n Lakh)
Equity Share Capital
Reserves
& Surplus
P & L Balance
L. T borrowings
Current Liabilities
Provision for taxation
Proposed Dividends
1100
400
270
600
270
240
110
1000
200
250
500
200
150
100
Total
2990
2400
Assets
Gross Fixed Assets
Less: Accumulated Dep.
Net Fixed Assets
Long
-
ter
m Investments
Inventories
1500
780
720
500
380
1200
600
600
400
200
Debtors
Cash and Bank Balance
Loans and Advance
s
240
100
1050
160
60
980
Total
2990
2400
P & L Accounts for the year 2006
-
07
(as on 31
st
March, 2016)
Income
(Rs. In lakh)
Sal
es
Other income
Stock Adjustment
2520
304
36
Total
2860
Expenditure
Raw Material Consumed
Manufacturing expenses
Administrative expenses
Selling & distribution expenses
Depreciation
Interest
1430
280
160
130
180
110
Total
2290
Profit before ta
x (PBT)
Provision for Taxes
Profit after tax (PAT)
P & L at the beginning of the year
Profit available for appropriation
Transfer to reserves
Proposed dividends (incl. div. tax)
Balance profit carried to B/S
570
240
330
250
580
200
100
270
The followin
g additional information has been provided regarding the firm:
(i)
Current liabilities denote amount that is payable to suppliers.
(ii)
Raw materials constitute 80% of the inventory balance of the firm.
(iii)
Loans and advance include income tax paid Rs. 240 lakh (previ
ous year Rs. 150 lakh)
(iv)
During  2015
-
16
10  lakh  of  equity  shares  of  Rs.  10  each  were  issued  at  par.  Long
-
term
loans r
aised during the year amounted to
Rs. 160 lakh.