Financial Statement Analysis Question Paper 2023, Dibrugarh University B.Com 6th Sem CBCS Pattern

1. Write True or False:                   1x4=4

(a) Financial statements disclose only monetary facts.

(b) Current ratio is calculated to compute current assets and fixed liabilities.

(c) IFRS 4 is associated with insurance contract.

(d) The Corporate Governance Rules were notified on 25^th March, 2014 under the Companies Act, 2013.

2. Fill in the blanks:                          1x4=4

(a) Profit & Loss A/c is also known as ______.

(b) CRR stands for ______.

(c) Common-size statement analysis is also known as ______.

(d) Reporting of corporate governance reflects ______.

3. Write short notes on (any four):                            4x4=16

(a) Comparative Income Statement.

(b) Value-added Statement.

(c) Balance Sheet Ratio.

(d) Non-Banking Financial Company.

(e) Corporate Governance.

4. (a) What constitutes financial statements? Explain the limitations of financial statements.         7+7=14

Or

(b) What is financial statement analysis? Explain the various techniques of financial statement analysis.   4+10=14

5. (a) A company has owner’s equity of Rs. 1,00,000 and following accounting ratios:

Short-term debt to total debt = 0.40

Total debt to owner’s equity = 0.60

Fixed assets to owner’s equity = 0.60

Total assets turnover = 2 times.

Inventory turnover = 8 times.

On the basis of the above data prepare the Balance Sheet:

Capital & Liabilities	Rs.	Assets	Rs.
Short-term Debts Long-term Debts Owner’s Equity	-- -- --	Cash Inventories Total Current Assets Fixed Assets	-- -- --

Or

(b) Explain the following (any four):           3½ x 4 = 14

(1) Ratio Analysis.

(2) Liquidity ratio.

(3) Return on investment.

(4) Operating profit ratio.

(5) Debtors turnover ratio.

6. (a) Define financial reporting. What are the benefits derived from financial reporting. 4+10=14

Or

(b) What is a corporate social responsibility reporting? Explain the present legal provisions of corporate social responsibility and its reporting practice in India.    4+10=14

7. (a) Write a brief note on IRDA. Discuss the impacts of IFRS on Insurance Industry in India.           14

Or

(b) Discuss the important provisions need to be taken into consideration for financial reporting of NBFCs.               14

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