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    Assignment Financial Accounting

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    Jatin Singhal
    The document outlines 5 assignments and 5 case studies for a financial accounting course. Assignment 1 requires analyzing depreciation methods used by 5 automobile companies. Assignment 2 requires comparing balance sheets of 2 companies before and after a merger. The remaining assignments require analyzing trends in expenses, the relationship between closing stock and profit, and interpreting financial ratios of a selected company. The case studies require journalizing transactions, analyzing why accounting standards need reform, journalizing entries for a new business, preparing final accounts from a trial balance, and constructing a funds flow statement.

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    Assignment Financial Accounting

    Uploaded by

    Jatin Singhal
    34 views4 pages
    The document outlines 5 assignments and 5 case studies for a financial accounting course. Assignment 1 requires analyzing depreciation methods used by 5 automobile companies. Assignment 2 requires comparing balance sheets of 2 companies before and after a merger. The remaining assignments require analyzing trends in expenses, the relationship between closing stock and profit, and interpreting financial ratios of a selected company. The case studies require journalizing transactions, analyzing why accounting standards need reform, journalizing entries for a new business, preparing final accounts from a trial balance, and constructing a funds flow statement.

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    ASSIGNMENT FINANCIAL ACCOUNTING

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    The document outlines 5 assignments and 5 case studies for a financial accounting course. Assignment 1 requires analyzing depreciation methods used by 5 automobile companies. Assignment 2 requires comparing balance sheets of 2 companies before and after a merger. The remaining assignments require analyzing trends in expenses, the relationship between closing stock and profit, and interpreting financial ratios of a selected company. The case studies require journalizing transactions, analyzing why accounting standards need reform, journalizing entries for a new business, preparing final accounts from a trial balance, and constructing a funds flow statement.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    34 views4 pages

    Assignment Financial Accounting

    Uploaded by

    Jatin Singhal
    The document outlines 5 assignments and 5 case studies for a financial accounting course. Assignment 1 requires analyzing depreciation methods used by 5 automobile companies. Assignment 2 requires comparing balance sheets of 2 companies before and after a merger. The remaining assignments require analyzing trends in expenses, the relationship between closing stock and profit, and interpreting financial ratios of a selected company. The case studies require journalizing transactions, analyzing why accounting standards need reform, journalizing entries for a new business, preparing final accounts from a trial balance, and constructing a funds flow statement.

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    ASSIGNMENTS

    SUBJECT: FINANCIAL ACCOUNTING FOR MANAGERS-KMBN103

    Assignment 1- Date of Submission- 23.10.23

    Select any 5 companies of automobile sector and discuss which depreciation method
    they are applying. If thecompany go for another method then what would be pros and
    cons.

    Assignment 2- Date of Submission- 6.11.23

    Compare and analyze the balance sheet of any 2 companies say Vodafone and Idea or
    any other companiesbefore merger and after merger and also state that what will be the
    future prospects for the upcoming years.

    Assignment 3- Date of Submission- 17.11.23

    Discuss the trend of outstanding expenditure with reference to leading companies of


    fast food sector for thelast 5 years.

    Assignment 4- Date of Submission- 25.11.23

    Discuss the relationship between closing stock and profit in terms of-
    -if closing stock increases, how it effects the profit
    -if closing stock decreases, how it
    effects the profit.Explain this with
    the example of any company.

    Assignment 5- Date of Submission- 2.12.23

    Select a company of you own choice. Compare and interpret the different ratios of the
    company for the last 5years in the graphical manner in terms of-

    Gross profit margin, Net profit margin, Operating profit margin, Return on capital,
    current ratio, quick ratio,debts turnover ratio etc.
    CASE STUDY NO. 01 Date of Submission- 31.10.23

    Roshan Ali is wholesale trader; following transactions are record in Accounting Equation?
    i. Commence business with cash Rs. 200,000 and Land Rs. 50,000.
    ii. Bought merchandising for cash Rs. 80,000.
    iii. Cash sales of worth Rs. 25,000.
    iv. Bought goods on credit from Salman of worth Rs. 50,000.
    v. Sales on account to Ali Raza Rs. 12,000.
    vi. Purchase furniture of the value of Rs. 5,000 by cash.
    vii. Received cash form Ali Raza of Rs. 10,000.
    viii. Return defective furniture of worth Rs. 1,500.
    xi. Paid wages Rs. 1,000, Rent 2,000 and Electricity Bill Payable Rs. 1,500.

    CASE STUDY NO. 02 Date of Submission- 9.11.23


    Camouflage accounting
    https://www.businesstoday.in/magazine/features/india-accounting-standards-
    auditors/story/18354.html

    Question-
    Analyze the story from the above link and state why Indian Accounting Standards need to be
    change?

    CASE STUDY NO. 03 Date of Submission- 16.11.23

    Creative Advertising, owned by Miss Abida Masood, provides advertising consulting


    services. During January2011, the following events occurred:
    Jan. 2 Owner contributed Rs. 50,000 and a new computer costing Rs. 20,500 to start her
    business.
    Jan. 4 Office supplies were purchased on account for Rs. 4,000.
    Jan. 10 Creative Advertising obtained 12% 5-year loan of Rs. 20,000 from the bank.
    Jan. 12 Creative Advertising paid the utility bills for Rs. 2,750.
    Jan. 15 Paid the Rs. 3,000 in Accounts Payable from the purchase of office supplies on
    Jan. 4.
    Jan. 24 Advertising services completed in January were billed to clients Annies’
    Flowers at Rs. 18,300. Jan. 27 Creative Advertising received Rs. 5,500 from
    Annies’ Flowers, a client, as payment on account. Jan. 30 Miss Abida Masood
    withdrew Rs. 6,000 of cash for personal use.

    Requirement: Your are required to pass Journal Entry, post to appropriate general ledger
    account and make atrial balance?
    CASE STUDY NO. 04 Date of Submission- 30.11.23

    From the following trial balance of Mr. Naresh Kumar on 31 st December, 2009, prepare
    the final accounts fromthe balances. Closing Stock was valued at Rs. 1,20,000

    Particulars debit Credit


    Capital 3,60,000
    Stock (1st January 2009) 72000
    Cash balance 24000
    Bank balance 12000
    Plant and machinery 2,40,000
    Furniture and fixtures 31,200
    Purchases 4,80,000
    Manufacturing wages 1,20,000
    Carriage inward 79,200
    Salaries 1,68,000
    Discount allowed 9,600
    Commission received 12,000
    Rent, rates and taxes 1,20,000
    Misc.expenses 96000
    Sales 12,00,000
    Bills receivable 2,16,000
    Bill payable 96,000
    16,68,000 16,68,000

    CASE STUDY NO. 05 Date of Submission- 5.12.23


    From the following information relating to A Ltd., prepare Funds Flow Statement:
    (Rs.
    ‘ooo)
    2003 2004 2003 2004
    Share capital 300 400 Cash 30 90
    Reserves 100 50 Account 105 150
    receivables
    Retained 30 60 Inventories 150 195
    earniings
    Accounts 45 135 Fixed assets 190 210
    payable
    475 645 475 645
    Additional information

    1. The company issued bonus shares for Rs. 50,000 and for cash Rs.50,000
    2. Depreciation written off during the year Rs.15,000

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