Financial and management accounting smu assignment answers 2013

Journal is basically a day book in which transactions are first entered in a systematic manner adopting the principles of debit and credit. It does not differentiate between profits of current year with the profit to be earned in later years. It would import the Fingertips brand calculators but put its own brand name and would also take care of packaging to suit the local market requirement.

B Assignment Set- 2 60 Marks Note: Enterprise resource planning ERP software provides a comprehensive, centralized, integrated source of information that companies can use to manage all major business processes, from purchasing to manufacturing to human resources.

The sales of Greaves Limited has increased from Rs crore in to Rs crore in Initially, it is one —year contract renewable depending on market conditions. In this process, the quality of cash flows is considered critically in all decisions as it incorporates the risk associated with the cash flow stream.

Fixed Assets to Net Worth: For the following balances extracted from a trial balance, prepare a trading account. Commission and distribution Rs 60 per unit sold b.

Case 1: Zip Zap Zoom Car Company

Hence, the expected available net cash inflow is Rs. Generally, it is made on monthly basis.

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Bookkeeping in the context of a business is simply the recording of financial transactions. The concept of profit maximisation fails to consider the fluctuations in profits earned from year to year.

The concept of profit lacks clarity. This is a very popular book and is maintained by all organisations, big or small, profit or not-for profit. Give the meaning of a subsidiary book.

Arthashastra feels that the firm should factor a risk of cash inadequacy of around 5 per cent even in the most adverse industry conditions. It is also called flexible account. Keeping in mind the investor confidence that the company enjoys, he feels that the company can forgo paying dividends in the recession period.

Meaning of GAAP 2 marks; Relationship between accounting principlesaccounting concepts, and accounting conventions 3 marks ; Explanation of five accounting concepts with examples 5 marks Answer: Accounting process Identifying the transactions and events: Journal is subdivided into several books of original entry, namely purchases, sales, cash, bills receivable, bills payable, returns inwards, returns outwards books.

The accountants should interpret the statement in a manner useful to the users, so as to enable the user to make reasoned decision out of the alternative course of action.

The list prices of material A and B are Rs 6 per kg and Rs 8 per kg respectively.

Financial Management Solved Assignment

B Assignment- 60 marks Note: Answer all the questions. A business uses accounting to determine operational plans in the future, to review past performance and to check current business functions. This is the first step of accounting process. In what sense is this true?

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Transactions include purchases, sales, receipts and payments by an individual or organization. Many tedious accounting practices have been simplified with the help of computer software. According to John Mathew, production managerto increase the capacity by 50, units, a new machine ,similar to the one being currently used, would have to be acquired.

Dear students get fully solved assignments call us at: It deals with recording of identifiable and measurable transactions and events in a systematic manner in the books of original entry that are in accordance with the principles of accountancy. Types of subsidiary books Purchases book: Longsighted to carry out his analysis.MB – Financial and Management Accounting Dear students get fully solved assignments Summer Master of Business Administration- MBA Semester 1.

MB – Financial and Management Accounting - 4 Credits (Book ID: B ) Assignment- 60 marks. Note: Answer all questions. Kindly note that answers for 10. Free SMU MBA Solved Assignment for 1St Sem,2nd Sem,3rd Sem,4th Sem.

Short Notes, Model question paper. Pages. What are the goals of financial management? Answer: The concept of profit maximisation apprehends to be either accounting profit or economic normal profit or economic supernormal profit. Profit maximisation fails to meet the.

Sikkim Manipal University | MBA-Spring | MB Financial and Management Accounting | Sem 1. ASSIGNMENT Anis AnsariRegistration. Apr 21,  · hey guys i am looking for Financial Management Solved Assignment can any one help me?

Advertisements Financial Management Solved Assignment - August 14th, Accounting & Financial Tools to Beat Budget for Departmental Store. SMU MBA FINANCIAL AND MANAGEMENT ACCOUNTING Free solved assignment Uploaded by rahulverma ASSIGNMENT DRIVE SPRING PROGRAM MBA SEMESTER I SSUBJECT CODE & NAME MBA FINANCIAL AND MANAGEMENT ACCOUNTING BK ID B CREDIT 4 MARKS 60 Note –The Assignment is divi /5(3).

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Financial and management accounting smu assignment answers 2013
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