Ignou Management MS-04 Assignments 2015 - All students can download here Assignments of Indira Gandhi National Open University (IGNOU) Master of Business Administration (MBA) Accounting and Finance for Managers (MS-04) first semester for academic session January 2015 & July 2015.
The following are the last dates for Submission of your assignments to the coordinator of your study centre.
First Semester : 30th April
Second Semester : 31st October
Attempt all the questions and submit this assignment on or before 30th April, 2015 to the coordinator of your study center.
Course Code : MS-04
Course Title : Accounting and Finance for Managers
Assignment Code : MS-04/TMA/SEM-I/2015
Coverage : All Blocks
1.“Accounting is closely connected with control”. Elaborate this statement and discuss the role of accounting feedback in the process of control.
2.The balance sheets of XYZ Ltd. as on Dec. 31st, 2013 and 2014 are given below:
Additional Information:
During the year 2014, the Company:
1.Sold one machine for Rs. 50,000, the cost of which was Rs. 1,00,000 and the depreciation provided on it was Rs. 40,000.
2.Provided Rs. 1,80,000 as depreciation.
3.Sold investments at a profit of Rs. 20,000, which was credited to Capital Reserve.
4.Redeemed 30% of the Debentures @ 105.
5.Decided to value stock at cost, whereas previously the practice was to value stock at cost less 10%. The stock according to books on 31.12.2013 was Rs. 1,08,000. The stock on 31.12.2014 was correctly valued at Rs. 1,50,000, and
6.Decided to write of fixed assets costing Rs. 28,000 on which depreciation amounting to Rs. 20,000 has been provided.
Prepare the Funds flow statement for the year 2014.
3.A company engaged in production of dairy products wants to buy a new spray dryer to replace one which is having frequent breakdown. It received offers for two models of spray dryers S1 and S 2. Further details regarding these models are given below:
| Particulars | S1 | S 2 | |
| Installed capacity | (units) | 10,000 | 10,000 |
| Fixed overhead p.a. | (Rs.) | 2,40,000 | 1,00,000 |
| Estimated profit at the above capacity | (Rs.) | 1,60,000 | 1,00,000 |
You are required to determine:
(a)Break even level of sales for each model.
(b)The level of sales at which both the models will earn the same profit.
(c)The model suitable for different levels of demand for the product.
4.a) Describe the characteristics of a flexible budget?
b) “For Private Sector’ budgets are important in profit planning, but budgets are costly for Not- for – Profit organization” Discuss.
5.Rearrange the given statement in a form suitable for analysis and calculate:-
i)Ratio of current assets to current liabilities
ii)Ratio of outside liabilities to net worth
iii)Ratio of net worth to fixed assets
iv)Ratio of sales to fixed assets
v)Ratio of sales to net worth
vi)Liquid ratio
vii)Fixed assets ratio
viii)Proprietary ratio
ix)Capital turnover
x)Debtors Turnover ratio
Condensed Balance Sheet
| 2013 | 2014 | |
| Rs. | Rs. | |
| Assets: | ||
| Cash at Bank | 1,53,800 | 2,60,200 |
| Trade debtors | 1,12,600 | 1,17,100 |
| Stock | 5,61,600 | 4,94,600 |
| Fixed Assets less:- Depreciation | 21,72,000 | 21,98,100 |
| ----------------- | --------------- | |
| 30,00,000 | 30,70,000 | |
| Liabilities and Capital | ||
| Creditors | 2,00,000 | 1,60,000 |
| Bills payable | 1,27,500 | 65,000 |
| Debentures | 10,00,000 | 10,00,000 |
| Reserve and Surplus | 6,72,500 | 8,45,000 |
| Paid up capital | 10,00,000 | 10,00,000 |
| ---------------- | ---------------- | |
| 30,00,000 | 30,70,000 | |
| Sales | 18,00,000 | 19,50,000 |
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