NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Financial Accounting & Analysis

NMIMS Financial Accounting and Analysis assignment solution September 2020 Normal

Assignment Marks: 30

Instructions:

 

• All Questions carry equal
• 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
• All answers to be written individually. Discussion and group work is not
• 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

 

• Students should write the assignment in their own words. Copying of assignments from other students is not
• Students should follow the following parameter for answering the assignment

 

 

 

 

1. With the given information prepare the statement of Profit and Loss of the company in vertical

 

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

 

1. Discuss about current assets and current liabilities, classify the above into current assets and current liabilities (5 Marks)

 

 Calculate the working capital and current ratio (5 Marks)

 

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