Financial Statements Analysis Important Questions [Dibrugarh University B. Com 6th Sem NEP Pattern]

Financial Statements Analysis Important Questions
Dibrugarh University B. Com 6^th Sem NEP Pattern

Final Exam: 60 Marks

Internal Assessment: 40 Marks

Q. No.	Type of Question	Breakup of Marks	Total Marks
1 (a)	Fill in the blanks (Objective)	1 × 4	4
1 (b)	True or False (Objective)	1 × 4	4
2	Short Notes (Any 3 out of 4)	4 × 3	12
3	Long Answer (Theory OR practical)	10 × 1	10
4	Long Answer (Theory OR Practical Ratio)	10 × 1	10
5	Long Answer (Theory OR Practical Cash flow)	10 × 1	10
6	Long Answer (Theory)	10 × 1	10
Total			60

Q. What are financial statements? What are its various types? Explain them briefly.  2015, 2018, 2022, 2023

Or

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. What is Financial Statements? What are their natures and objectives? What are various limitations of Financial Statements?      2014, 2015, 2017, 2023

Q. What is Financial Statement Analysis? What are its objectives?  2016, 2019, 2022

Q. What are the Significance of financial statements analysis? What are various limitations of Analysis of Financial Statements?      2016, 2019, 2022

Q. What are various tools and techniques used for Financial Analysis? Explain them briefly with their respective merits and demerits.    2014, 2016, 2017, 2018, 2019SN, 2023

Q. Write short notes on: Value added Statements and Economic value added Statements

Q. Practical Problems: Preparation of Comparative Financial Statements and Common Size Statements 2019

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. What is Ratio analysis? What are its characteristics? Mention its advantages and Disadvantages. 2014, 2017, 2018, 2019, 2022

Q. Explain the purpose of calculating the following Ratios: (Every Year)

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 (Every Year)

* Preparation of P/L account and balance sheet from given ratios

* Calculation of various types ratio from the given financial information

Q. Define Cash Flow Statement. What are its objectives? Discuss the importance and limitations of Cash flow statement. 2016

Q. How cash flow statement is prepared? Explain direct and indirect method of preparing cash flow statement. 2011, 2014, 2018

Q. Distinguish between:

* Cash flow statement and Funds flow statement 2012, 2016

* Cash flow statement and Cash Budget

* Cash flow statement and cash book      2018

Q. Practical Problems: Preparation of cash flow statements (Every Year)

Part A

Q. What do you mean by the term Financial Reporting? What are its objectives? Explain its Importance and limitations. 2016, 2019, 2023

Q. What are the major issues and challenges currently faced in the field of financial reporting? What measures can be taken to prevent the manipulation of financial statements?

Q. Mention some essential or qualitative characteristics of financial reporting. State the various steps adopted by business to enhance transparency in financing reporting process.              2017

Q. Discuss the manipulation of accounts (Window Dressing). What are the common methods used by companies to manipulate financial results?

Part B

Q. What do you mean by Accounting Standards? Discuss their necessity in ensuring the uniformity of financial statements.

Q. Explain the concept of GAAP (Generally Accepted Accounting Principles). What are its core principles?

Q. What is IFRS (International Financial Reporting Standards)? Discuss the need for global convergence of accounting standards.

Q. Distinguish between Indian GAAP and IFRS.

Part C

Q. What is corporate social responsibility reporting? Explain the present legal provisions of corporate social responsibility and its reporting practices in India. 2017, 2023

Q. Discuss the rationale behind CSR reporting and practices.

Q. Discuss the current status of Corporate Governance Reporting in India. How does Corporate Governance Reporting differ from Corporate Financial Reporting?           2019

Q. Give a brief note on mandatory and voluntary disclosures on Corporate Social Responsibility Reporting. 2022

Q. What are the objectives of corporate governance Disclosure Practices? Describe the guidelines on corporate governance reporting as per Clause 49 of listing agreement.

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