Ignou Assignment

Topics: Direct material price variance, Corporate finance, Generally Accepted Accounting Principles Pages: 4 (391 words) Published: March 25, 2013
No. of Printed Pages : 2


Term-End Examination


June, 2010
Maximum Marks : 100
(Weigh tage 70%)

Time : 3 hours

Note : Attempt any five questions. All questions carry equal marks. Use of calculators is allowed.

"In managing cash, the finance manager faces the problem of compromising the conflicting goals of liquidity and profitability". Comment on this statement. How would you determine the optimum cash balance in a business organisation ? What is meant by appropriate capital structure ? Discuss the determinants and features of an appropriate capital structure for a corporate body.


(a) How is a statement of changes in working capital prepared for 'Fund Flow Analysis' ?
(b) How is 'cash from operating activities' calculated in cash flow analysis ?


Write notes on :
Going concern.
Return on investment.
(c) Management Accounting.
(d) Capital rationing.


Explain differences between :
Prime cost and factory cost.
First in, First out and Last in, First out methods of inventory valuation. Fixed budget and flexible budget.
Contribution and margin of safety.




Discuss the features of accounting information which can be generated from accounting records. How do different users use this information ?
(a) Following information is available for a company for January and February 2009. January


Sales (Rs.)
Profits (Rs.)

38 lakh

65 lakh

Loss (Rs.)

2.4 lakh

Compute : (i)

3 lakh

Break even sales volume
Profit or loss at Rs. 46 lakh sales
Sales to earn a profit of Rs. 5 lakh.

(b) Calculate Direct Material Cost Variances Direct Material usage variance and Direct Material Price Variance from the following information : Finished production
during the period

1000 units

Opening Stock of material

1000 kg.

Closing Stock of material

2000 kg.

Value of...
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