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Hi I would like to have the Financial Management and Accounting (FMA) Assignment - Set 1 and Set 2 for the Sikkim Manipal Univerity?

[prince karak]

The Financial Management and Accounting (FMA) Assignment - Set 1 & Set 2 for the Sikkim Manipal Univerity is as given below.

MCA3010 – Financial Management and Accounting (FMA) (Book ID: B1624) Assignment - Set 1

Note: Each Question carries 10 marks. Answer all the questions.

1. Explain the process involved in accounting. What are the objectives of accounting?

2. What are the basic principles of accounting? What is accounting trail?

3. Rectify the following errors:
a) Purchases from Padma Rs.191 posted to her account as Rs.119
b) Purchases from Lata credited to her account as Rs.117
c) Salaries Rs.400 posted to salaries account as Rs.300
d) A cash sales of Rs.430 to Rita posted as Rs.43

4. Briefly explain the role of management accounting. Also describe the functions of management accounting.

5. Calculate current ratio and acid test ratio from the following information:
Cash in hand Rs. 3,000
Cash at Bank Rs. 65,000
Bills receivable Rs. 10,000
Stock Rs.1,20,000
Debtors Rs. 80,000
Prepaid expenses Rs. 2,000
Creditors Rs.1,20,000
Bills payable Rs. 20,000

6. What is fund flow analysis? What are the objectives of analysing flow of fund?

MCA3010 – Financial Management and Accounting (FMA) (Book ID: B1624) Assignment - Set 2

Note: Each Question carries 10 marks. Answer all the questions.

1. What is cash flow statement and how is the cash flow statement subdivided?

2. What is cash flow from operating activities?

3. Calculate the cost of raw materials purchased from the following data:
Opening stock of raw materials Rs.10,000
Closing stock of raw materials Rs.15,000
Expenses on purchases Rs.5,000
Direct wages Rs.50, 000
Prime costs Rs.1, 00,000

4. A factory is manufacturing sewing machines. The variable cost of each machine is Rs.200 and each machine is sold for Rs.250. Fixed costs are Rs.12,000. Calculate the BEP for output.

5. What are the merits of budgets?

6. Describe the essential features of budgetary control.