Course: Financial Accounting and Analysis

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )

NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Financial Accounting and Analysis

Internal Assignment Applicable for September 2016 Examination

Assignment Marks: 30

Instructions:

·         All Questions carry equal marks.

·         All Questions are compulsory

·         All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3in not more than 500 words for each subsection. Use relevant examples, illustrations as far aspossible.

·         All answers to be written individually. Discussion and group work is not advisable.

·         Students are free to refer to any books/reference material/website/internet for attempting theirassignments, but are not allowed to copy the matter as it is from the source of reference.

·         Students should write the assignment in their own words. Copying of assignments from otherstudents is not allowed.

Question. 1. Mr.Batra&Mr.Khatri the CFO and accounts manager of Sharda International, having difference of opinion with regard to IGAAP and IFRS as far as the presentation of financial statements is concerned. List the main points of differences between IGAAP and IFRS related to the presentation of financial statements (10 Marks)

Answer:Mr.Batra&Mr.Khatriare both the CFO and also the accounts manager of Sharda International, and they also have difference of opinion regarding IGAAP and IFRS when it is the matter of financial statements presentation. They need to understand the difference clearly so that they can reach to any final decision for

Question.2. The accounting process is a series of activities that begins with a transaction .Discuss the steps involved in the accounting process, which are necessary to complete the process. (10 marks)

               

Answer:Accounting is not just about calculations and working with numbers. It is also about properly following the guidelines to get the job done perfectly.

Accounting Cycle

There is recede and flow to each industry. In accounting, the back and forth movement or recede and flow is the accountingcycle. The term accountingcycle alludes to the particular steps that are included in finishing the accountingprocedure. The cycle resembles a circle. It starts at one point and spins through particular steps, before beginning again at the same point and after that repeating those same steps.

Question3. The chopra & Company reported the following results-

Net Income	14830
Total Assets	114450
Shareholder’s equity	23045
Revenues	99850

·        Apply the Du Pont Analysis.

Ans3.  Return on equity (ROE) = (Net Income/Revenues) × (Revenues/Total Assets) × (Total Assets/Shareholders’equity)

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

  “ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )