Financial Statements
Analysis Important Questions for Upcoming Exams (May’ 2019)
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Unit 1: Financial Statements Analysis
Q. What
are financial statements? What are its various types? Explain them briefly. 2015, 2018
Q. What
is Financial Statements? What are their natures and objectives? What are
various limitations of Financial Statements? 2014,
2015, 2017
Q. What
is Financial Statement Analysis? What is its Significance? What are various
limitations of Analysis of Financial Statements? 2016
Q. What
are various tools and techniques used for Financial Analysis? Explain them
briefly with their respective merits and demerits. 2014, 2016, 2017, 2018
Q.
“Financial Reporting should be a part of Annual Report of the Companies and
it is the best way to provide information to its shareholders”. Considering
this statements write a brief note on financial statements and its types.
Q. Write
short notes on:
Ø Value added
Statements
Ø Economic
value added Statements
Ø Window
Dressing
Q.
Practical Problems: Preparation of Comparative Financial Statements and
Common size Statements
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Unit
– 2: Ratio Analysis
Q. What
is Ratio analysis? What are its characteristics? Mention its advantages and
Disadvantages. 2014, 2017, 2018
Q. What
are various classes of ratios? (Profitability Ratio, Solvency Ratio, Activity
Ratio, Profit and Loss Account Ratio, Balance sheet and Composite Ratios) 2015, 2016
Q.
Explain the purpose of calculating the following Ratios:
a.
Current Ratio b. Liquid
Ratio c. Gross Profit
Ratio d. Net
Profit Ratio
e.
Operating Profit Ratio f.
Debtor’s Turnover ratio and Debtor’s Collection Period
g.
Creditor’s Turnover ratio and Average Payment Period h. Stock Turnover Ratio
g.
Debt-Equity Ratio h. Proprietory
Ratio i. Return On Investment
Ratio
j.
Return on Shareholder’s Fund k.
Earnings per Share
Q.
Practical Problems: Two types of questions are expected
1.
Preparation of P/L account and balance sheet from given ratios
2.
Calculation of various types ratio from the given financial
information
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Unit
– 3: Financial Reporting and CSR
Q. What
do you mean by the term Financial Reporting? What are its objectives? Explain
its Importance and limitations. 2016
Q.
Mention some essential or qualitative characteristics of financial reporting
Q. What
do you mean by financial reporting? State the various steps adopted by
business to enhance transparency in financing reporting process. 2017
Q. What
is corporate social responsibility reporting? Explain the present legal
provisions of corporate social responsibility and its reporting practices in
India. 2017
Q. Write a note on Corporate
Social Reporting. What are the essentials of a perfect corporate social
responsibility
report?
Q. Write a brief note on recent developments
in the field of corporate social responsibility.
Q.
Discuss the current status of Corporate Governance Reporting in India. How
does Corporate Governance Reporting differ from Corporate Financial
Reporting?
Q. Give
a brief note on mandatory and voluntary disclosures on Corporate Social
Responsibility Reporting.
Q. What are the objectives of corporate
governance Disclosure Practices? Describe the guidelines on corporate
governance reporting as per Clause 49 of listing agreement002E
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Unit
– 4: Financial Reporting By Banks, Insurance Companies and NBFCs
Q. Give a brief note on IRDA’s Guidelines on
accounting and auditing of Insurance Companies. 2014, 2016, 2018
Q. Give a brief note on suggestions made by
the RBI’s Advisory group on accounting and auditing of Banks. 2015, 2017
Q. Give a brief note on suggestions made by
the RBI’s Advisory group on accounting and auditing of NBFC and FIs. 2015,
2016, 2017
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