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MPDBA 201: FINANCIAL MANAGEMENT 5 X 3 =15 Marks ASSIGNMENT – I 1. Write a comparative note on ‘Accounting Standards’ and ‘Accounting conventions’ and ‘Accounting Concepts’. 2. Explain cash flow and funds flow analysis with suitable example from an existing corporate entity for at least three years i.e., 2008, 2009, 2010. 3. Explain the role of ICAI in preparation of various Accounting Standards. List out various standards pronounced by ICAI, New Delhi. 4. Prepare format of ‘Profit and Loss account’ and ‘Balance Sheet’ as per recent guidelines of companies act. 5. Define ‘Marginal Costing’ and distinguish between ‘Marginal costing’ and ‘Absorption costing.’ 5 X 3 =15 Marks ASSIGNMENT – I 6. A proforma cost sheet of a company provides the following particulars : Elements of Cost Material 40% Direct Labour 20% Overheads 20% The following further particulars are available: (a). It is proposed to maintain a level of activity of 2,00,000 units. (b).Selling price is Rs.12 per unit (c) Raw materials are expected to remain in stores for an average period of one month MBA GEN – Second Year – 2011‐12 Batch 1
(d) Materials will be in process, on averages half a month. (e) Finished goods are required to be in stock for an average period of one month. (f) Credit allowed to debtors is two months. (g) Credit allowed by suppliers is one month. You may assume that sales and production follow a consistent pattern. You are required to prepare a statement of working capital requirements, a forecast Profit and loss account and Balance Sheet of the company assuming that Rs. Share capital 15,00,000 8% Debentures 2,00,000 Fixed Assets 13,00,000 7. From the following particulars prepare cost sheet and