NMIMS Solved Assignment Financial Accounting & Analysis
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting & Analysis
Internal Assignment Applicable for September 2020 Examination
Assignment Marks: 30
1. With the given information prepare the statement of Profit and Loss of the company in vertical format.
TABLE BELOW
Depreciation and amortisation expenses |
295600 |
Purchase of stock in trade |
10450 |
Employees benefit costs |
959139 |
Other expenses |
565000 |
Revenue from sale of product |
5000000 |
Other operating revenues |
2500000 |
Cost of material consumed |
1050000 |
Finance cost |
525000 |
Also share your opinion on the statement – “Revenue from operations and earnings before interest, taxes, depreciation and amortization differs from each other”. How?
2. Cash flow statement is different as it classifies financial information into three major heads which allow the stakeholders in effective decision making. Discuss the broad heads as defined under AS 3 cash flow statement. What can be the potential benefits of preparing a cash flow statement? Elaborate (10 Marks)
3. These selected condensed data are taken from a recent balance sheet of Sambhav Realities (Rs in crores)
PARTICULARS |
AMOUNT |
Cash |
29.3 |
Debtors |
20.5 |
Inventory |
28.7 |
Prepaid expenses |
24 |
Outstanding payments |
15.5 |
Trade payables |
30.7 |
Unpaid taxes |
25 |
Loan taken for construction of building for 11 months |
50 |
a. Discuss about current assets and current liabilities, classify the above into current assets and current liabilities.
b. Calculate the working capital and current ratio.
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