NMIMS Global Access

                                                  School for Continuing Education (NGA-SCE)

                                                  Course: Financial Accounting & Analysis

                                                  Internal Assignment Applicable for June 2020 Examination

All Questions carry equal marks.

 All Questions are compulsory

 All answers to be explained in not more than 1000 words for questions 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 assignments from other students is not allowed.

 Students should follow the following parameter for answering the assignment questions

1.Ms. Sandipa is the accounts executive for a company called SS Enterprises. Her job description requires her to supervise the process of recording of the transactions of business and to ensure that all accounting assumptions are taken care of. However, her junior executive is confused about the concepts of the accounting period assumption and the Separate entity assumption. 

Elaborate on how Sandipa can explain the concepts to her junior with the help of a suitable example.

2. Marry Kom is planning to invest in the share market. She has a profile of risk seeker investor but she believes that before investing it’s important to understand market ratios effectively. Discuss any five market ratios with their importance that Marry Kom should look into before undertaking any investment decision

3. The following information is available in relation to Britannia Baby Company. The Company has profit before taxes of Rs 50 lacs. a. Classify and give reasons for the cash flows falling under the operating activities

b. Classify and give reasons for the cash flows falling under the investing activities

Particulars Amount Rs in (Lacs)

1. Tangible assets purchased during the year 75

2. Depreciation charged on these tangible assets for the year @ 10% ? 3. The stock sold for the year 95

4. The loan is given to Big Boy Company 150

5. Did interest receive from Big Boy company for the said loan @11.5%?

6. Shares purchased of a company called as Arvind Mills 10

7. Dividend Received from Arvind Mills 1

8. Did taxes pay for the year at 30%?