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Monday, March 19, 2012

Dibrugarh University - Financial Statement Analysis (2011)


1.(a) what is the  significance of analysis of financial statements in respect of  stake- holders of the company ? how does it  help the potential  investors in their  decision—making?
Or
(b) Explain any four of the following:
(i)window  dressing
(ii) limitation of  analysis of financial statements
(iii)Nature of financial statements
(iv)Tools for analysing  financial statements
(v) Analysis and interpretation of financial statements
2.(a) M/s Boruah and sons Ltd.presents you the following:
Balance sheet as at 31st March,2009
Liabilities
Amount
Assets
Amount
Equity Share Capital
8% Preference Share Capital
Reserve Fund
6% Debentures
Sundry Creditors
Profit and Loss A/c:
2008 =  1000
2009 = 2000
50000
10000
40000
20000
30000


21000
Fixed Assets
Investment
Stock
Sundry Debtors
Bank Balance
Preliminary Expenses

87500
25000
30000
13500
7000
8000



171000

171000
The directors intend  to transfer a sum of RS 5,000 out of the current  year’s profits to provision For  tax. you are  required  to calculate the following  ratio:
(i)Return on  capital employed
(ii)current ratio
(iii)Fixed assets to net  worth
(iv)Debt to equity capital
(v)Return on  owner’s capital
Or
(b) Explain the purposes of calculating the following  ratio :
(i) current ratio
(ii) Acid test ratio
(iii) Return on investments ratio
(iv) Long—term  solvency  ratio
3.(a) what do you mean by the term ‘financial reporting’?  “company ‘s Annual  Report  containing financial statements is the  most  important  means   of   company’s financial  reporting.” Do you  agree with  this statement? Give reasons.
Or
(b) Distinguish  between any two  of the  follwing :
(i) Financial  reporting and  financial  statements
(ii)Interim financial  reporting  and final reporting
(iii) segment  reporting  and final reporting
4.(a)what are the objectives  of  corporate Governance  Disclosure  Practices? Describe the  guidelines on corporate  Governance Reporting  as per Clause 49 of  Listing Agreement.
Or
(b) what do you mean by  ‘social  benfits’ and ‘social costs’?How  are  they measured in disclosure  of social  accounting ?
5.(a)Accounting standards  aim to protect users of financial  reports in providing reliable  and  comparable accountants and auditors?
Or
(b) Explain the term ‘harmonisation of  corporate  reporting.’ What are the  recommendations  of the report of the  Advisory  Group  of  Accounting  and Auditing set up by Reserve Bank of India?