NMIMS Solved Assignment Financial Accounting & Analysis

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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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