NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting & Analysis
Internal Assignment Applicable for December 2021 Examination
Assignment Marks: 30
Instructions:
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. 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
Students should follow the following parameter for answering the assignment questions
1. The net profit before taxes as per the profit and loss account, of Gaman Ltd is Rs
269244. With the given set of information, classify the given items as (operating /
investing / financing), share the correct classification with logical reasoning
And calculate the cash flow from operating activities
TABLE BELOW
| For Theoretical Answer | |
| Assessment Parameter | Weightage |
| Introduction | 20% |
| Concepts and Application related to the question | 60% |
| Conclusion | 20% |
| For Numerical Answer | |
| Assessment Parameter | Weightage |
| Understanding and usage of the formula | 20% |
| Procedure / Steps | 50% |
| Correct Answer & Interpretation | 30% |
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting & Analysis
Internal Assignment Applicable for December 2021 Examination
| Loss on sale of asset | 95780 |
| dividend income | 26000 |
| interest income | 35000 |
| finance cost paid on debentures | 12000 |
| gain on sale of investment | 45000 |
| Depreciation on fixed assets | 85000 |
| Amortisation Expenses | 110000 |
2. Discuss the steps of performing trend analysis on the financial statements of any
company.
Download the Balance sheet of any company of your interest from the open sources.
Perform the comparative analysis of that Balance sheet and discuss your findings.
Hint to attempt: to choose a company from open source- type the name of the company
in the web page.
Download the annual report as available, latest. Identify the relevant data, and then
perform comparative analysis of Balance Sheet of the company
(10 Marks)
3. Mr. Akbar provides you with the following information-(all the transactions are
separate and independent of each other)
Started business with cash Rs150000
Purchased goods for cash Rs 25000
Sold goods to C on credit Rs 20000
Paid salary for cash Rs15000
Deposited cash into the bank account Rs100000
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting & Analysis
Internal Assignment Applicable for December 2021 Examination
a. Identify the accounts being affected in the monetary transaction and Identify the type of
accounts identified - real, personal or nominal (5 Marks)
b. Discuss the rule of passing the journal entry applicable here and pass the journal entry
(Golden rule or transaction analysis, any of these rule/s can be taken as a base to justify
the answer) (5 Marks)
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