Description
ASSIGNMENT
Course Code : MMPC-004
Course Title : Accounting For Managers
Assignment Code : MMPC-004/TMA/JULY/2024
Coverage : All Blocks
Note: Attempt all the questions and submit this assignment to the coordinator of your
study centre. Last date of submission for July 2024 session is 31st October, 2024 and
for January 2025 sessions is 30th April, 2025.
1. What are the objectives of preparing Financial Statements? Describe the basic concepts
of income determination.
2. In context of Cash Flow Statement, what is cash and cash equivalent? In what categories
cash flows are classified and explain how cash flow in each activity is calculated as per
AS-3. Describe how cash flow statement is prepared under Direct Method.
3. What is an Annual Report? Discuss in brief the contents of an annual report and describe
the non audited information contained in an Annual Report of any company.
4. What is Human Resource Accounting? How can it be used as a decision tool by
Management?
5. A) Compute Profit when –
Sales Rs.4,00,000
Fixed Cost Rs. 80,000
BEP Rs. 3,20,000
B) Compute Sales When –
Fixed Cost Rs.40,000
Profit Rs. 20,000
BEP Rs. 80,000
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