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    Finance Questions

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    Chhayank Sengar
    This document outlines the sections and questions that will be on an exam for a financial accounting and analysis course. Section A contains 10 multiple choice questions worth 2 marks each, covering topics like financial statements, the accounting equation, accounts receivable/payable, depreciation, and liquidity. Section B contains 3 long-form questions worth 15 marks each, requiring calculations and explanations of debt-to-equity ratios, profit margins, and a financial analysis of a company. Section C contains 5 short-answer questions worth 10 marks each, covering topics such as preparing financial statements, the purpose of income statements and balance sheets, depreciation methods, current/long-term liabilities, journal/ledger entries, and the purpose of

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    Finance Questions

    Uploaded by

    Chhayank Sengar
    15 views2 pages
    This document outlines the sections and questions that will be on an exam for a financial accounting and analysis course. Section A contains 10 multiple choice questions worth 2 marks each, covering topics like financial statements, the accounting equation, accounts receivable/payable, depreciation, and liquidity. Section B contains 3 long-form questions worth 15 marks each, requiring calculations and explanations of debt-to-equity ratios, profit margins, and a financial analysis of a company. Section C contains 5 short-answer questions worth 10 marks each, covering topics such as preparing financial statements, the purpose of income statements and balance sheets, depreciation methods, current/long-term liabilities, journal/ledger entries, and the purpose of

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    This document outlines the sections and questions that will be on an exam for a financial accounting and analysis course. Section A contains 10 multiple choice questions worth 2 marks each, covering topics like financial statements, the accounting equation, accounts receivable/payable, depreciation, and liquidity. Section B contains 3 long-form questions worth 15 marks each, requiring calculations and explanations of debt-to-equity ratios, profit margins, and a financial analysis of a company. Section C contains 5 short-answer questions worth 10 marks each, covering topics such as preparing financial statements, the purpose of income statements and balance sheets, depreciation methods, current/long-term liabilities, journal/ledger entries, and the purpose of

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    15 views2 pages

    Finance Questions

    Uploaded by

    Chhayank Sengar
    This document outlines the sections and questions that will be on an exam for a financial accounting and analysis course. Section A contains 10 multiple choice questions worth 2 marks each, covering topics like financial statements, the accounting equation, accounts receivable/payable, depreciation, and liquidity. Section B contains 3 long-form questions worth 15 marks each, requiring calculations and explanations of debt-to-equity ratios, profit margins, and a financial analysis of a company. Section C contains 5 short-answer questions worth 10 marks each, covering topics such as preparing financial statements, the purpose of income statements and balance sheets, depreciation methods, current/long-term liabilities, journal/ledger entries, and the purpose of

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    Financial Accounting & Analysis

    MBA SEM- 1 Exam Paper


    Time: 3 Hrs
    Total marks: 100
    Section- A (10 questions of 2 marks each- 10x2=20)

    1. Define the term 'financial statement analysis.'


    2. Name the three types of financial statements.
    3. What is the accounting equation?
    4. Explain the difference between accounts payable and accounts receivable.
    5. What is the purpose of the income statement?
    6. Define the term 'current assets.'
    7. What is the difference between a capital and revenue expenditure?
    8. What is the purpose of the statement of cash flows?
    9. What is depreciation?
    10. Define the term 'liquidity.

    Section –B (Attempt any TWO of the Following- 15x2=30)

    1. ABC Corporation reported net income of Rs 1,000,000 for the year ended December 31, 2022. The
    corporation’s balance sheet at December 31, 2022, reported total assets of Rs 10,000,000 and total
    liabilities of Rs 3,000,000.
    Calculate the corporation’s debt-to-equity ratio at December 31, 2022.
    Explain what this ratio tells us about the corporation’s financial leverage.

    2. DEF Corporation had the following information available for the year ended December 31, 2022:
    Sales revenue: Rs.1, 000,000
    Cost of goods sold: Rs.500, 000
    Operating expenses: Rs.300, 000
    Interest expense: Rs.50, 000
    Income tax expense: Rs.50, 000
    a) Calculate the corporation’s gross profit margin and net profit margin.
    b) Explain what these margins tell us about the corporation’s profitability.

    3. XYZ Company manufactures and sells office furniture. The company has just completed its fiscal year
    ended December 31, 2022. The following information is available from the company's financial statements:
    Sales revenue: Rs.10, 000,000
    Cost of goods sold: Rs.6, 000,000
    Gross profit margin: 40%
    Operating expenses: Rs.2, 000,000
    Net income: Rs.1, 200,000
    Average total assets: Rs.7, 500,000
    Average shareholders' equity: Rs.3, 000,000
    Current ratio: 2.0
    Debt-to-equity ratio: 0.5
    Using this information, perform a financial analysis of XYZ Company and write a report to the CEO
    highlighting your findings. In your report, include a discussion of the company's profitability, liquidity, and
    solvency.

    Section-C (Attempt all of the following-5x10=50)

    1. Explain the process of preparing financial statements.


    OR
    What is the purpose of the income statement? Provide an example of an income statement.
    ________________________________________________________________________________________
    2. What is the purpose of the balance sheet? Provide an example of a balance sheet.
    OR
    Define the term "bad debt." How is it accounted for in financial statements?
    ________________________________________________________________________________________
    3. What is the difference between straight-line depreciation and double-declining balance depreciation?
    Provide an example of each method.
    OR
    Define the term "accrued expenses." How are they recorded in financial statements?
    ________________________________________________________________________________________
    4. What is the difference between a current liability and a long-term liability? Provide an example of each.
    OR
    Define the term "capital expenditure." How is it accounted for in financial statements?
    ________________________________________________________________________________________
    5. What is the difference between a journal entry and a ledger entry? Provide an example of each.
    OR
    What is the purpose of an audit? Explain the role of an auditor in financial accounting.

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