1. (a) State whether the following statements are True or False: 1x4=4
1) Fund flow and Cash flow
statements are the part of Financial Statement.
2) Return on Capital
Employed measures profit earning capacity of an enterprise.
3) The Corporate
Governance rules were notified on March 25, 2014 under Companies Act, 2013.
4) According to IRFS,
Banking Companies are to adopt Historical Value Accounting.
(b) Fill in the blanks with
appropriate word(s): 1x4=4
1) EVA = _______ – Taxes
Paid – (Capital Employed x WACC) (Operating Profit / Sales / Direct Incomes)
2) Rule of thumb for
acid-test ratio is _______. (1 : 1 / 2 : 1 / 2 : 2)
3) The GRI first released
its sustainability reporting guidelines in _______. (1998 / 1999 / 2005)
4) As per the IRDA
regulations, 2002, all the _______ companies shall comply with the requirements
of Schedule A while preparing their financial statements. (general insurance /
life insurance / general and life insurance)
2. Write short notes on any four of the
following: 4x4=16
(a) Value Added Statement (VAS).
(b) Leverage Ratios.
(c) Harmonization of Corporate Reporting.
(d) Provisions of IFRS-4: Insurance Contract.
(e) Demand and Time Liability (DTL).
3. (a) “Financial Statement reflects a
combination of recorded facts, accounting conventions and personal judgement.”
Discuss. 14
Or
(b) Following are the
Income Statements of a company for the years ending March 31, 2018 and 2019:
|
Particulars |
2018 (Rs. in ‘000) |
2019 (Rs. in ‘000) |
|
Sales
Miscellaneous
Income |
500 20 |
700 15 |
|
|
520 |
715 |
|
Expenses Cost
of Sales Office
Expenses Selling
Expenses Interest
|
325 20 30 25 |
510 25 45 30 |
|
Net
Profit |
400 120 |
610 105 |
|
|
520 |
715 |
Prepare a common-size
income statement and interpret them. 7+7=14
4. (a) “Return on Investment is considered to
be the master ratio which reflects the overall performance of the company.”
Elucidate and show by examples how various managerial decisions affect Returns
on Investment. (Rol). 14
Or
(b) What relationship would you examine to
study the following? 5+5+4=14
1) The Capital Structure.
2) The liquidity.
3) The earning power of a
business unit.
5. (a) What should be the objectives of
financial reporting by business enterprises? Distinguish between Financial Reporting
and Financial Statement. 7+7=14
Or
(b) “Corporate Social Responsibility
Reporting is often called the triple bottom line approach – sustainability in
environment, social community and business.” Discuss. 14
6. (a) Discuss the impact of IFRS on Indian
Banking Companies. 14
Or
(b) Discuss the important provisions need to
be taken into consideration for financial reporting of insurance companies. 14
(Old Course)
Full Marks: 80
Pass Marks: 32
1. (a) State whether the following statements
are True or False: 1x5=5
1) The term ‘Financial
Analysis’ includes both ‘analysis’ and ‘interpretation’.
2) Net worth includes
working capital.
3) High stock velocity
indicates efficient management of inventory.
4) OCED stands for
Organization for Economic Cooperation and Development.
5) Liquidity of companies
improves with increase in cash purchases.
(b) Fill in the blanks with appropriate
words: 1x3=3
1) IFRS-10 is associated
with _______. (financial instruments / consolidated financial statement / fair
value management)
2) Section _______ deals
with the definition of banking business. [6(i) / 5(i)(b) / 7]
3) Inventory is part of
_______. (current liabilities / fixed assets / liquid assets)
2. Write short notes on any four of the
following: 4x4=16
(a) Economic Value Added Statement.
(b) Global Reporting Initiative (GRI).
(c) Financial Accounting Standards Board
(FASB).
(d) Statutory Liquidity Ratio (SLR).
(e) IRDA.
(f) Segment Reporting.
3. (a) “Analysis without interpretation is
meaningless and interpretation without analysis is impossible.” Discuss. 11
Or
(b) State the different types of financial
analysis. Write the limitations of analysis and interpretation of financial
statement. 6+5=11
4. (a) What are the important profitability
ratios? How are they worked out? 4+8=12
Or
(b) (1) Discuss the significance of ratio
analysis. 6
(2) The following are the information
collected from the final accounts of a firm:
|
|
Rs. |
|
Total
Purchases Cash
Purchases Purchases
Returns Creditors
at the end Bills
Payable at the end |
10,00,000 2,00,000 60,000 1,60,000 40,000 |
You are required to calculate the following: 3+3=6
1) Creditors turnover
ratio.
2) Average payment period.
5. (a) What is triple bottom line (TBL)
reporting? Discuss its characteristics and benefits. 4+3+4=11
Or
(b) (1) “Financial reporting is a mandatory
requirement in the annual report of a company.” Discuss. 6
(2) Discuss the major qualitative
characteristics of financial reporting. 5
6. (a) Discuss the purposes underlying the
issue of accounting standard. How the Global Accounting Standard (IFRS)
affected Indian GAAP? 7+4=11
Or
(b) Discuss briefly the various International
Financial Reporting Standards (IFRS) formulated by IASB. 11
7. (a) Define Banking Company. Mention the
essential features of Banking Company. Write the important provisions of Banking
Regulation Act, 1949. 3+3+5=11
Or
(b) Discuss the important provisions need to be taken into consideration for financial reporting of NBFCs.
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