Description
ASSIGNMENT
Course Code: MMPC-004
Course Title:Accounting for Managers
Assignment Code:MMPC-004/TMA/JULY/2025
Note: Attempt all the questions and submit this assignment to the Coordinator of your
study centre. Last date of submission for July 2025 Semester is 31st October
2025and for January 2026 Semester is 30th April, 2026.
1. Explain the fundamental accounting concepts that underpin the preparation of financial
statements in detail, providing suitable examples for each.
2. A factory manufacturing fans has the capacity to produce 500 fans per annum. The variable
cost of a fan is Rs. 800, which is sold for Rs. 1,000. Fixed overheads are Rs. 24,000 per
annum. Calculate the break-even points for output and sales, and show what profit will result
if the output is 90% of capacity.
3. Critically evaluate the concept of Zero-Based Budgeting, highlighting its key features,
process, advantages, and limitations.
4. “Ratio analysis is a vital tool in financial statement analysis, used by stakeholders to assess a
firm’s performance, liquidity, solvency, and profitability”. Discuss this statement with
suitable examples and interpretations.
5. Define forensic accounting and explain its scope and significance in corporate governance
and financial investigations. Illustrate your answer with an example of a real or hypothetical
corporate fraud case where forensic accounting techniques is applied.
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