N A L A N D A O P E N U N I V E R S I T Y
Master of Computer Application Part-II
PAPER-XIV
(Accounting and Financial Management)
Annual Examination, 2017
Time 3 Hours. Full Marks 80
Answer any Five Questions.
All questions carry equal marks.
1. Discuss the role of accountants in modern business organization.
2. What is financial accounting Distinguish financial accounting from management accounting.
3. Discuss the objectives and goals of financial management.
4. What is Trial Balance What are the objectives of preparing Trial Balance Point out its
limitations.
5. Prepare Fund Flow Statement from the following information's
Balance Sheet
Liabilities
Previous
Year

Current
Year

Assets
Previous
Year

Current
Year

Share Capital 50,000 80,000 Land Building 40,000 60,000
Reserve 30,000 40,000 Plant 10,000 5,000
P/L Account 10,000 15,000 Debtors 30,000 20,000
Creditors 30,000 40,000 Stock 20,000 15,000
Provision for Taxation 10,000 20,000 Investment 10,000 50,000
Cash 5,000 15,000
Goodwill 10,000 28,000
Preliminary Expense 5,000 2,000
1,30,000 1,95,000 1,30,000 1,95,000
Additional information's
Depreciation Charged on building during the year Rs. 20,000.
Tax paid during the year Rs. 60,000.
6. What are the objectives of preparing Final Account Explain the components of Final Account.
7. What is Inventory Discuss the different techniques of inventory management.
8. What is Ratio Analysis Discuss its importance and limitations in business.
9. What are the sources of working capital finance Throw light on the importance of working
capital for a manufacturing firm.
10. Write notes on any Two of the following
Negotiable Instruments
Letter of Credit
Capital Rationing.