You can buy Financial Accounting and Analysis NMIMS Solution for 2024 if you are student of N m i m s distance learning program. Also available MCQ as well as exam Quiz of Financial Accounting and Analysis for better mark in your live examination.
1st Semester NMIMS 2024 – Rs. 3000/- Only
2nd Semester NMIMS 2024 – Rs. 3000/- Only
3rd Semester NMIMS 2024 – Rs. 3000/- Only
4th Semester NMIMS 2024 – Rs. 2500/- Only
Q1. Prachi Industries purchased a land worth 2 crores, office fixtures and furniture worth Rs 50 lakhs. Five years back the company has purchased an investment property for Rs 5 crores out of which today they disposed of 20% of the property, at a realizable value of Rs 3 crores. As a consultant to the company discuss as per the needs of corporate reporting the nature of these items, how the above items needs to be presented and disclosed in the corporate financial statement. (10 Marks)
Q2. Ms. Shravani , our accounts manager, is responsible for overseeing financial activities at Mogra Enterprises. She ensures accurate bookkeeping and compliance with accounting assumptions. Her junior executive is confused about how the various accounting assumptions plays a vital role in accounting. Further she wants Ms Shravani to help her in understanding the difference between the accounting period assumption and separate entity assumption, Discuss how (you being) Ms. Shravani would like to explain all these in simple terms. (10 Marks)
Q3. Perform the common Size analysis for the year (5*2—-10 Marks)
a. 2021
b. 2022
Statements of Income
20212022
Operating revenues 9,56,690 9,12,813
Operating expenses
Personnel 1,13,433 1,32,080
Fuel 1,28,076 1,00,058
Purchased power 1,54,910 1,34,488
Depreciation 1,44,622 1,56,469
Maintenance 92,717 86,261
Taxes other than income taxes 63,266 63,220
Purchased services 38,392 35,948
Other 1,01,513 1,04,850
8,36,9298,13,374
Operating income 1,19,761 99,439
Other expenses (income):
Interest expense 36,727 36,771
Interest income ( 61) ( 82)
Loss on impairment of fixed assets 4,089 0
Other, net 4,325 1,556
45,08038,245
Income before special item and
income taxes 74,681 61,194
Special item:
Reserve for drought 1,747 712
Provision for income taxes:
Current 25,061 28,457
Deferred 1,374 (7,504)
Net income 46,499 39,529