NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Financial Accounting & Analysis
Internal Assignment Applicable for December 2021 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 3 in not more than 500 words for each subsection. Use relevant examples,
illustrations as far as possible.
 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 their assignments, 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
other students is not allowed

 Students should follow the following parameter for answering the assignment questions

For Theoretical Answer For Numerical Answer

Assessment Parameter Weightage Assessment Parameter Weightage
Introduction 20% Understanding and usage 20%
Concepts and Application 60% of the formula
related to the question Procedure / Steps 50%
Conclusion 20% Correct Answer & 30%
Interpretation

1. The net profit before taxes as per the profit and loss account, of Gaman Ltd is Rs
269244. With the given set of information, classify the given items as (operating /
investing / financing), share the correct classification with logical reasoning
And calculate the cash flow from operating activities
TABLE BELOW
 NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting & Analysis
Internal Assignment Applicable for December 2021 Examination
Loss on sale of asset 95780
dividend income 26000
interest income 35000
finance cost paid on debentures 12000
gain on sale of investment 45000
Depreciation on fixed assets 85000
Amortisation Expenses 110000

(10 Marks)

2. Discuss the steps of performing trend analysis on the financial statements of any
company.
Download the Balance sheet of any company of your interest from the open sources.
Perform the comparative analysis of that Balance sheet and discuss your findings.

Hint to attempt: to choose a company from open source- type the name of the company
in the web page.
Download the annual report as available, latest. Identify the relevant data, and then
perform comparative analysis of Balance Sheet of the company
(10 Marks)

3. Mr. Akbar provides you with the following information-(all the transactions are
separate and independent of each other)
 Started business with cash Rs150000
 Purchased goods for cash Rs 25000
 Sold goods to C on credit Rs 20000
 Paid salary for cash Rs15000
 Deposited cash into the bank account Rs100000
 NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Financial Accounting & Analysis
Internal Assignment Applicable for December 2021 Examination

a. Identify the accounts being affected in the monetary transaction and Identify the type of
accounts identified - real, personal or nominal (5 Marks)

b. Discuss the rule of passing the journal entry applicable here and pass the journal entry
(Golden rule or transaction analysis, any of these rule/s can be taken as a base to justify
the answer) (5 Marks)

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