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FINANCIAL AND MANAGEMENT ACCOUNTING

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FINANCIAL AND MANAGEMENT ACCOUNTING
1.1 PRINCIPLES OF MANAGEMENT
1. “The managers of tomorrow will not be a bigger man than his father was before him.” – Critically analyse this statement and discuss the tasks expected to be performed by future managers to effectively deal with management challenges.
2. Identify four corporate social responsibility initiatives adopted by corporates which you are familiar with. Pg 102
3. “More centralization and decentralization are not advisable” – Do you agree or disagree? Justify. Suggest when and where these two concepts effectively applied in corporate. Pg 97
4. “MBO is the motivating factor or controlling technique”. Critically evaluate this statement. Compare and contrast between MBO and MBE. Pg 85
1.2 FINANCIAL MANAGEMENT
1. “The profit maximization is not an operationally feasible criteria.” Do you agree? Illustrate your views. Pg 6
2. “The function of Financial Management is to review and control decisions to commit or recommit funds to new or ongoing uses. Thus in addition to raising funds, financial Management is directly concerned with production, marketing and other functions within an enterprise whenever decisions are made about the acquisition or destruction of assets”. Elucidate. Pg 3
3. “When the corporate income taxes are assumed to exist Modigilani-Miller and the traditional theorists agree that capital structure does affect value. So the basic point of disputes disappears”. Do you agree? Why or why not?
4. “The contention that dividends have an impact on the share price.” Explain the essentials of this argument. Why the argument is considered fallacious.
1.3 HUMAN RESOURCE MANAGEMENT
1. Prepare a report on the cultural diversity of an HR department in a multi location IT company. Examine the challenges it faces in the changed business scenario.
2. Study and compare the performance appraisal system in a manufacturing sector and service sector and evaluate the reasons for their success/

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