CS-54 : FINANCE & ACCOUNTING ON COMPUTERS DEC 99
| Time : 3 Hours |
Max. Marks : 75 |
Note : Question 1 is compulsory. Attempt any three
from the rest.
| 1. | (a). | In about one short paragraph, explain the meaning of the following words or phrases : |
| (i). Financial Accounting | ||
| (ii). Contingent liability | ||
| (iii). Opportunity Costs | ||
| (iv). break-even Analysis | ||
| (v). Return on Equity | ||
| (b). | State the group of persons having an interest in an business organisation and examine the nature of their information heads. | |
| (c). |
"Accounting is closely and connected with control." Elaborate the statement and discuss the role of accounting feedback in the process of control. |
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| 2. |
A travel constancy firm offers to prospective vacationers a range of information on a range of information on destinations, alternative tour packages and special offers. In view of its success and now large patronage, it decides to computerize its operations and has a choice of two systems on which to offer these services : |
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| 3. | What is a variance ? Why are the variances computed ? How can the variances controlled? | |
| 4. | Distinguish between Master budget and Financial budget. How does management make use of Master budget ? Explain the utility of computers in this respect. | |
| 5. | Do you think that different factors affecting capital structure decision will be viewed differently by different companies ? Support your answer with suitable examples. | |
| 6. | (a) | "Dividend can be paid only out of profits." Explain this statement. Will a company be |
| justified in paying dividends when it has unwritten-off accumulated losses of the past ? | ||
| (b) | what are the limitations of current computer based accounting systems which inhibit their | |
| greater spread and usage ? |