NMIMS Global Access
School for Continuing Education
(NGA-SCE)
Course: Financial Accounting & Analysis
Internal Assignment Applicable for September 2020
Examination
Assignment Marks: 30
1.
With the given information prepare the statement of Profit and Loss of the
company in
vertical
format.
TABLE
BELOW
|
Depreciation and amortisation expenses |
295600 |
|
Purchase of stock in trade |
10450 |
|
Employees benefit costs |
959139 |
|
Other expenses |
565000 |
|
Revenue from sale of product |
5000000 |
|
Other operating revenues |
2500000 |
|
Cost of material consumed |
1050000 |
|
Finance cost |
525000 |
Also
share your opinion on the statement – “Revenue from operations and earnings
before
interest, taxes, depreciation and amortization differs from each other”. How?
(10
Marks)
2.
Cash flow statement is different as it classifies financial information into
three major
heads
which allow the stakeholders in effective decision making. Discuss the broad
heads
as defined under AS 3 cash flow statement. What can be the potential benefits
of
preparing
a cash flow statement? Elaborate
(10
Marks)
3.
These selected condensed data are taken from a recent balance sheet of Sambhav
Realities
(Rs in crores)
|
PARTICULARS |
AMOUNT |
|
Cash |
29.3 |
|
Debtors |
20.5 |
|
Inventory |
28.7 |
|
Prepaid expenses |
24 |
|
Outstanding payments |
15.5 |
|
Trade payables |
30.7 |
|
Unpaid taxes |
25 |
|
Loan taken for construction of building for 11 months |
50 |
a. Discuss about current assets and current
liabilities, classify the above into current
assets and current liabilities (5 Marks)
b. Calculate the working capital and current ratio (5 Marks)
**********
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