MMEIM103 Financial Management & Accounting M.Tech Model Question Paper : mgu.ac.in

Name of the College : Mahatma Gandhi University
Department : Mechanical Engineering
Subject Code/Name : MMEIM 103/Financial Management And Accounting
Sem : I
Website : mgu.ac.in
Document Type : Model Question Paper

Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/mgu.ac.in/5079-MMEIM%20103%20FINANCIAL%20MANAGEMENT%20AND%20ACCOUNTING.pdf

Financial Management & Accounting Question :

M.TECH Degree Examination :
Model Question Paper :
First Semester

Related : MGU MMEIM102 Business Practice & Industrial Economics M.Tech Model Question Paper : www.pdfquestion.in/5074.html

Specialization: Industrial Engineering and Management
MMEIM 103 – Financial Management And Accounting
(Regular 2013 Admission)
Time: Three Hours
Maximum: 100 Marks
Answer all questions. :
Each full question carries 25 marks. :
1. (a) Enumerate any five factors that determine the rate of return in a market economy.
(b) List and explain broad areas of financial decision-making.
(c) What are indirect taxes? Explain any two in detail.
(d) Discuss the importance and limitations of financial statement analysis. (3+5+7+10= 25 marks)
Or

2. (a) What is current asset?
(b) Contrast the salient features of the traditional and modern approaches to financial management.

(c) Discuss the important items found in a profit and loss account.
(d) Elaborate on the primary objective of corporate manager. (3+5+7+10= 25 marks)

3. (a) What inference can be made out of PE ratio?
(b) Outline the effect of ‘Earnings per share’ and ‘Dividend per share’ on the book value of a business enterprise.
(c) What is liquidity ratio? Explain.
(d) What is a leverage ratio? Explain. (3+5+7+10= 25 marks)
Or

4. (a) What is break-even analysis?
(b) What is book value per share?
(c) Write short notes on business risk and financial risk.

(d) Determine the sales of a firm with the following financial data:
Current ratio = 1.5
Acid-test ratio = 1.2
Current liabilities = Rs.8,00,000
Inventory turnover ratio = 5 times (3+5+7+10= 25 marks)

5. (a)What is a bank reconciliation statement? What is the procedure for preparing a bank reconciliation statement?
(b) Differentiate between asset and expense in financial statements.

(c) What are the limitations of financial statements?
(d) What are the errors that occur in the trial balance and what are the methods for their rectification. (5+5+5+10= 25 marks)
Or

6. (a) What is a double entry system? Discuss the rules of it.
(b) What is trial balance account. Explain with suitable example.
(c) Explain Adjusting, closing and transfer entries, with examples. (5+10+10= 25 marks)

7. (a) What is the significance of preparing a balance sheet? What is it used for?
(b) What is the objective of preparing funds flow statement? In what way is it different from balance sheet?

(c) Differentiate between trading and non-trading accounts.
(d) What is meant by financial analysis? What are the limitations of financial statements? (5+5+5+10= 25 marks)
Or

8. (a) What is the purpose of preparing the income and expenditure account?
(b) The following trial balance has been drawn from the books of a merchant as on 31st March, 2011.

The following additional information is also given:
(a) Closing stock Rs. 30,800
(b) Depreciation plant and machinery @ 5% and Furniture and Fixtures @ 6%.
(c) Provision for doubtful debts to be maintained @ 5%
(d) Unexpected insurance was Rs. 400.
Prepare Trading profit and Loss Account and Balance sheet of the merchant. (5+20 = 25 marks)

Syllabus :
Module 1 :
Finance Management – Nature, Scope and Functions. Financial Statements – Nature and limitations, Tools and Techniques of Analysis.

Module 2 :
Ratio analysis – Computation and Interpretation of Important ratio. Profitability ratio, Activity ratio, Leverage ratio, Use and limitations of ratio analysis. Capital Budgeting, Appraisal of Project Profitability – Risk, Profitability and Investment Decisions

Module 3 :
Accounting and its functions, Accounting Principles – Accounting Equation – Journalizing – Posting – Balancing of Accounts. Financial books – Books of Original Entry – Ledgers – Cash Books.

Trial Balances (Simple Problems only), Trial Balances errors and their rectification, Adjusting/Closing and Transfer entries.

Module 4 :
Final Accounts of Trading Organizations – Trading and profit and Loss Account – Balance Sheet (Sole-trader ship only). Receipts and Payment Account – Income and Expenditure Account – Balance Sheet (Simple Problems only). Analysis of Financial Statements.

References :
1. Guerrieri, D., Haber, F., Hoyt, W., and Turner, R. (2010). Accounting: Basic Principles and Applications. Tata McGraw-Hill.
2. Pillai, R.S.N., Uma, S.B. (2010). Fundamental of Advanced Accounting, Vol-I.
S.Chand Group, New Delhi.