SMU MBA SUMMER 2015 ASSIGNMENTS, SMU MBA SEM 1 SUMMER 2015 ASSIGNMENTS, SMU MBA ASSIGNMENTS, SMU SOLVED ASSIGNMENTS, smu assignments

1. ASSIGNMENT
DRIVE SUMMER 2015
PROGRAM MBA/ MBADS/ MBAFLEX/ MBAHCSN3/ PGDBAN2
SEMESTER I
SUBJECT CODE &
NAME
MB0041 & FINANCIAL AND MANAGEMENT ACCOUNTING
BK ID B1624
CREDIT 4
MARKS 60
Q.No Criteria Marks Total Marks
1 Inventory in a business is valued at the end of an accounting period, at either cost or market
price, whichever is lower. This is accepted convention or a practice in accounting.
Give a small introduction on accounting conventions and elucidate all the eight accounting
conventions.
Introduction of accounting convention
Explanation of all the 8 types of conventions
2
8
10
2 Analyse the following transactions according to traditional approach.
a. 1.1.2011 Sunitha started his business with cash Rs. 5,00,000
b. 2.1.2011 Borrowed from Malathi Rs. 5,00,000
c. 2.1.2011 Purchased furniture Rs. 1,00,000
d. 4.1.2011 Purchased furniture from Meenal on credit Rs. 1,50,000
e. 5.1.2011 Purchased goods for cash Rs. 50,000
f. 6.1.2011 Purchased goods from Ram on credit Rs. 2,50,000
g. 8.1.2011 Sold goods for cash Rs. 1,25,000
h. 8.1.2011 Sold goods to Shyam on credit Rs. 55,000
i. 9.1.2011 Received cash from Shyam Rs. 25,000
j. 10.1.2011 Paid cash to Ram Rs. 90,000
A Filling in all the details in the table for all the
transactions. Each transaction carries one
mark(1*10=10)
10 10
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2. 3
The following items are found in the trial balance of M/s Sharada Enterprise on 31st December,
2000.
Sundry Debtors Rs.160000
Bad Debts written off Rs 9000
Discount allowed to Debtors Rs. 1800
Reserve for Bad and doubtful Debts 31-12-1999 Rs. 16500
Reserve for discount on Debtors 31-12-1999 Rs. 3200
You are required to provide the bad and doubtful debts at 5% and for discount on debtors at 2%.
Show the adjustments for bad debts, bad debts reserve, discount account, and provision for
discount on debtors.
Calculation and Workings
Conclusion
8
2
10
4 The reports prepared in financial accounting are also used in the management accounting.
But there are few major differences between financial accounting and management
accounting.
Explain the differences between financial accounting and management accounting in various
dimensions.
Writing down all the differences between the
financial and management accounting
10 10
5
Draw the Balance Sheet for the following information provided by Sandeep Ltd..
a. Current Ratio : 2.50
b. Liquidity Ratio : 1.50
c. Net Working Capital : Rs.300000
d. Stock Turnover Ratio : 6 times
e. Ratio of Gross Profit to Sales : 20%
f. Fixed Asset Turnover Ratio : 2 times
g. Average Debt collection period : 2 months
h. Fixed Assets to Net Worth : 0.80
i. Reserve and Surplus to Capital : 0.50
Preparation of Balance sheet (Includes all the ratios) 10 10

3. 6
Write the main differences between cash flow analysis and fund flow analysis.
Following is the balance sheet for the period ending 31st March 2011 and 2012. If the
current year’s net loss is Rs.38,000, Calculate the cash flow from operating activities.
31st MARCH
2011 2012
Short-term loan to employees 15,000 18,000
Creditors 30,000 8,000
Provision for doubtful debts 1,200 -
Bills payable 18,000 20,000
Stock in trade 15,000 13,000
Bills receivable 10,000 22,000
Prepaid expenses 800 600
Outstanding expenses 300 500
Differences between cash flow and fund flow
analysis
Preparation of statement showing cash flow from
operating activities
4
6
10
Note –Answer all questions. Kindly note that answers for 10 marks questions should be approximately of
400 words. Each question is followed by evaluation scheme.