Strategic Management

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Strategic Management

 

 

Internal Assignment Applicable for June 2016 Examination

 

 

Assignment Marks: 30

 

Instructions:

 

  • All Questions carry equal marks.
  • All Questions are compulsory
  • All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3in not more than 500 words for each subsection. Use relevant examples, illustrations as far aspossible.
  • All answers to be written individually. Discussion and group work is not advisable.
  • Students are free to refer to any books/reference material/website/internet for attempting theirassignments, but are not allowed to copy the matter as it is from the source of reference.
  • Students should write the assignment in their own words. Copying of assignments from otherstudents is not allowed.

 

 

 

Question. 1. If your Company has decided to enter a highly competitive market, as the strategicmanager of a product, what challenges you will face to establish your product/service inthat market? (10 Marks)

 

Answer:Challenges

 

1) Providing the ROI of Your Marketing Activities: Measuring the ROI (degree of profitability) of your advertising exercises was the top promoting challenge, as per the 2015 State of Inbound report. Be that as it may, it’s a basic route for advertisers to comprehend the viability of every specific promoting effort, bit of substance, and so on.

 

With regards to giving ROI, there’s a solid case to be set aside a few minutes and assets to set up connections between showcasing exercises and deals results. This implies utilizing both advertising programming (like HubSpot) and a CRM arrangement (like HubSpot’s free CRM), and after that entwining them to close the circle between your showcasing and deals endeavors. That way, you can specifically perceive what number of leads and

 

 

 

 

Question.2. Briefly explain the Strategic Management Process in your organization. Explain anyincident when your organization has made strategic decision due to competition faced inthe market. (10 Marks)

 

Answer:The Strategic Management Process implies characterizing the association’s methodology. It is likewise characterized as the Process by which chiefs settle on a decision of an arrangement of systems for the association that will empower it to accomplish better execution.

 

 

 

 

 

Question.3. Recently an Auto mobile company was charged for flouting environment norms. Whatwill be your strategy as a CEO for the following:

 

 

a)How to handle the crisis as person on a strategic position. (5 Marks)

 

Answer:Emergency Management is the procedure by which an association manages a noteworthy occasion that undermines to hurt the association, its partners, or the overall population. The investigation of emergency Management started with the vast scale mechanical and ecological catastrophes in the 1980s. It is thought to be the most critical procedure in advertising.

 

Three components are normal to an emergency:

(a) a risk to the association,

(b) the component of shock, and

 

 

 

b)What long term strategic changes will you like to bring in your company, from thelearning from the incident (5 Marks)

 

Answer:We can bring five initiative skills which encourage hierarchical rebuilding and strategic change during and after crises.

 

  • Building a domain of trust
  • Reforming the association’s mentality
  • Identifying clear and cloud vulnerabilities of the association
  • Making savvy and fast choices and additionally making valiant move
  • Learning from Crisis to impact change.

 

 

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Marketing Management

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NMIMS Global Access

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Marketing Management

 

 

Internal Assignment Applicable for June 2016 Examination

 

 

Assignment Marks: 30

 

Instructions:

 

  • All Questions carry equal marks.
  • All Questions are compulsory
  • All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3in not more than 500 words for each subsection. Use relevant examples, illustrations as far aspossible.
  • All answers to be written individually. Discussion and group work is not advisable.
  • Students are free to refer to any books/reference material/website/internet for attempting theirassignments, but are not allowed to copy the matter as it is from the source of reference.
  • Students should write the assignment in their own words. Copying of assignments from otherstudents is not allowed.

 

 

 

Question. 1. Write the major elements of Promotion Mix to promote a newly launched ice cream “Yummy”in the Indian Market. Explain all the elements in detail so that the awareness and salesincreases for the Brand. (10 Marks)

 

Answer:Public relations frequently plans to create reputation, which is unpaid correspondence around an association that shows up in the media. The accomplishment of a PR campaign is measured as far as impressions—the quantity of times an organization is specified in the media.

 

As the Marketing Manager of this ice cream firm, Yummy, I have kept in touch with this report itemizing the showcasing system for the starting

 

 

 

Question.2. Assume you are the Marketing Manager of a company “Keep Talking” which manufacturesthe mobile in Indian Market. Currently the company holds a good market share in smart phonecategory. You are of a belief that the company should launch some new tablets. What stepsyou would follow to launch the new product (tablet) in the market? (10 Marks)

 

Answer:So you are going to launch new product (tablet) in the market, or are considering it. Congrats. Sadly, having the best thought (or new product (tablet)) on the planet may not get you buzz, or deals, if the right individuals don’t think about it. Here are nine stages you can take to build the chances of your rollout being effective.

 

  1. Ensure the new product (tablet) works – before you begin offering it. Whether your new product (tablet) is advanced in nature, or you anticipate offering it on the web, first ensure the application or site is sans bug. We see items launch all the time

 

 

 

 

Question.3. Segmentation, Targeting, Positioning and Differentiation plays a very important role in thesuccess of any product.

 

 

a)Critically evaluate the market segments for Apple, Micromax and Samsung in India.(5 Marks)

 

Answer:Samsung surpassed Apple in the super premium, or Rs 30,000 or more, cell phone market in India in the January-April period after more than seven quarters, riding on the accomplishment of its most recent models and setting the stage for a furious local turf war between the world’s two biggest cell phone creators.

 

Samsung accomplished around 46% offer in the portion in the four months, with interest for models, for example, the Galaxy S6, S6 Edge, Note Edge and Galaxy A7 while Apple timed around 42% offer, four industry authorities said, citing

 

 

 

 

b)Critically evaluate the positioning and differentiation strategy for Micromax, Samsung,Lenovo and Apple in India. (5 Marks)

 

Answer:Positioning and differentiation are firmly related promoting methodologies. Positioning is your technique for passing on what makes your organization or items greater, distinctive or superior to those offered by contenders. Differentiation is basically the way you do your Positioning by advancement particular properties or advantages that you offer.

 

Micromax:Micromax has great compass inside of India. This implies whether you are in a major city like Delhi or in a residential area outside Agra, you can without much of a stretch discover a Micromax telephone in the store. Presently,

 

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Financial Accounting and Analysis

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Financial Accounting and Analysis

 

 

Internal Assignment Applicable for June 2016 Examination

 

 

Assignment Marks: 30

 

Instructions:

 

  • All Questions carry equal marks.
  • All Questions are compulsory
  • All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3in not more than 500 words for each subsection. Use relevant examples, illustrations as far aspossible.
  • All answers to be written individually. Discussion and group work is not advisable.
  • Students are free to refer to any books/reference material/website/internet for attempting theirassignments, but are not allowed to copy the matter as it is from the source of reference.
  • Students should write the assignment in their own words. Copying of assignments from otherstudents is not allowed.

 

 

 

Question. 1. Following information is available in respect of Hardin Demand Ltd. Prepare Cash flow statement As per AS-3 . (10 Marks)

 

Net profit for the year 550000
Depreciation 100000
Loss on sale of machinery 50000
Decrease in stock 60000
Increase in creditors 70000
Repayment of short term loan 100000
Purchase of building 500000
Sale of machinery 150000
Interest received 26000
Loan taken for five year period 845000
Interest paid 45000

 

 

Answer:

 

  Rs Rs
Cash  & cash equivalent from operating activity  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Question. 2. Apra Limited is a retailer of plastic jugs. It has several retail stores across the nation. Each city has more than one retail store and has a central warehouse, from where the goods are delivered to each retail store of the city, as and when order is placed by the city’s store on the city’s central warehouse .Apra Limited seeks your advice on how to calculate the cost of inventories in different stores as on Balance sheet date. For one of the fast moving item, am in the inventory , he provides with the following detail- (10 Marks)

 

Particulars Rs
Average Administrative cost per unit 10
Average purchase price per unit 150
Average transportation cost per unit charged by the supplier 5
Average lease rent (of the retail store )per unit 8
Average transportation cost per unit charged by the local transporter for transporting the goods from the city’s central warehouse 7
Average cost per unit to deliver the unit to the customer 2

 

Advise Apra Limited on what cost should be included in the “cost of the item” to be used as for the valuation of the stock held as on the balance sheet date.

 

 

Answer:

 

As per As 2 “valuation of Inventory”

Cost Include –

Purchase price =                 150

 

 

Question.3. Suppose you are one of the investors interested in knowing the performance of P & G. Discuss,

 

 

a)The ratios which will you study to analyse the financial position and performance of the company. (5 Marks)

 

Answer:To comprehend and esteem an organization, speculators need to take a gander at its monetary position. Luckily, this is not as troublesome as it sounds.

 

On the off chance that you acquire cash from a bank, you need to list the estimation of all your critical resources, and additionally all your huge liabilities. Your bank utilizes this data to survey the quality of your monetary position; it takes a gander at the nature of the benefits, for example, your auto and your home, and places a moderate

 

 

 

b)Suppose, if you don’t perform the ratio analysis exercise what can be the consequences.(5 Marks)

 

Answer:There are clearly so many benefits of performing ratio analysis exercise but if anyone ignores the importance of ratio analysis exercise and doesn’t perform it at all then the consequences would be mismanagement and loss in the firm.

 

Radio analysis comprehends about business:

 

 

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Essentials of HRM

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Essentials of HRM

 

 

Internal Assignment Applicable for June 2016 Examination

 

 

Assignment Marks: 30

 

Instructions:

 

  • All Questions carry equal marks.
  • All Questions are compulsory
  • All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3in not more than 500 words for each subsection. Use relevant examples, illustrations as far aspossible.
  • All answers to be written individually. Discussion and group work is not advisable.
  • Students are free to refer to any books/reference material/website/internet for attempting theirassignments, but are not allowed to copy the matter as it is from the source of reference.
  • Students should write the assignment in their own words. Copying of assignments from otherstudents is not allowed.

 

 

 

Question. 1. Imagine you to be a training manager of a retail firm. Off late there a lot of absenteeism andturnover of employees taking place. You need to develop a training programme for theemployees. Discuss all the necessary steps required for a training process. (10 Marks)

 

Answer:In your occupation, you may have invested energy sitting through training sessions of flawed quality. Presently your supervisor has allocated you to build up a training program at work for whatever is left of the division. You don’t need your system to be another exhausting or pointless session, yet in what capacity would you be able to guarantee the training traverses to the intended interest group? One technique is to utilize the Analyze, Design, Develop, Implement, and Evaluate (ADDIE) model.

 

Dissect the training need. Who is your gathering of people? When you build up a training program at work, you’ll examine what learning, aptitudes, and states of mind the understudies need after finishing the project versus what information, abilities, and demeanors they have now. On the off chance that there is a hole between sought

 

 

 

Question.2. Siya works in a management consultancy which still is using the old performance appraisalmethods like Checklist method and critical incident method. She is asked to present somefuture oriented appraisal methods. Which all methods can she propose? Discuss any two.(10 Marks)

 

Answer:Every technique for Performance Appraisal has its qualities and shortcomings might be suitable for one association and non-suitable for another. Accordingly, there is no single Appraisal strategy acknowledged and utilized by all associations to gauge their workers’ perfor­mance.

 

Every one of the techniques for Appraisal formulated so far has been characterized distinctively by various creators. While DeCenzo and Robbins’^ have arranged Appraisal strategies into three classifications: outright methods, relative techniques and target techniques; Aswathappa has grouped these into two classes past-situated and future-situated.

 

Michael R Carrellet. al. have characterized all

 

 

 

Question.3. Rakesh has joined an MNC as an HR Head. After completion of a month he feels that notmuch is done by the organization to develop the knowledge, skills & attitude of theemployees, because of which the employees’ performance is not good, career are instagnancy etc. He feels the need to have HRD but for that he has to convince themanagement.

 

 

a)What all reasons Rakesh can give as the need for HRD? (5 Marks)

 

Answer:Human resource is should have been produced according to the adjustment in outer environment of the association, henceforth, HRD adjusts such changes through the advancement of existing human resource as far as ability and learning.

 

The significance or importance of HRD can be clarified as takes after:

 

  1. HRD Develops Competent HR: HRD builds up the

 

 

 

 

 

b)Which could be the type of HRD system that can be implemented in Rakesh’sOrganisation? Critically discuss. (5 Marks)

 

Answer:HR advancement typically starts when a representative is procured and proceeds all through that worker’s residency with the association. HRD comes in various structures, including at work preparing or work shadowing, reading material or online instruction, development opportunities, and consistence preparing.

 

At work preparing alludes to take in the parts of a vocation while one is doing the occupation. A worker may know the rudiments of what the employment requires, yet specifics like which structures to utilize, where materials are put away, and how to get to the PC frameworks may require at work preparing.

 

 

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Business Statistics

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Business Statistics

 

 

Internal Assignment Applicable for June 2016 Examination

 

 

Assignment Marks: 30

 

Instructions:

 

  • All Questions carry equal marks.
  • All Questions are compulsory
  • All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3in not more than 500 words for each subsection. Use relevant examples, illustrations as far aspossible.
  • All answers to be written individually. Discussion and group work is not advisable.
  • Students are free to refer to any books/reference material/website/internet for attempting theirassignments, but are not allowed to copy the matter as it is from the source of reference.
  • Students should write the assignment in their own words. Copying of assignments from otherstudents is not allowed.

 

 

 

Question. 1.Differentiate between correlation and regression. Explain with suitable example using data.(10 Marks)

 

Answer:Correlation: In correlation analysis, we gauge an example Correlation coefficient, all the more particularly the Pearson Product Moment Correlation coefficient. The specimen correlation coefficient, meant r,

 

ranges between – 1 and +1 and evaluates the heading and quality of the straight correlation between the two variables. The Correlation between’s two variables can be sure (i.e., more elevated amounts of one variable are connected with more elevated amounts of the other) or negative (i.e., more elevated amounts of one variable are connected with lower levels of the other).

 

The indication of the correlation coefficient shows the course of the affiliation. The size of the correlation coefficient shows the quality of the affiliation.

 

For instance, a correlation of r = 0.9 proposes a

 

 

 

Question.2. You want to find a measure of central tendency for income of persons who have boarded aparticular train on a particular date at the originating station. What measure will you useand why? What measure will you choose for dispersion and why? (10 marks)

 

Answer:Measuring: Surveying on the salary. In the event that I was you, I would enter trains of various sorts to various time and Survey (quantitative survey). Remember that straightforwardly getting some data about wage in the train may be translated off-base. So get some data about different things, for example, identity, time administration, kind of travel (get-aways, drive). Toward the end to ask the “general inquiries” and among them the wage tendency.

 

 

 

 

 

Question.3. a)Distinguish between independence of events and mutual exclusivity of events with thehelp of example. (5 marks)

 

Answer:Events are fundamentally unrelated if the event of one occasion bars the event of the other(s). Fundamentally unrelated Events can’t happen in the meantime. For instance: while flipping a coin, the outcome can either be Heads or Tails yet can’t be both.

 

 

 

 

 

b)In how many ways can the letters of the word “MADAM” be rearranged? (5 marks)

 

Answer:The rearrangements of words allows us to find many other related words and when we talk about the rearranged groups of “MADAM” then we will find the answer with the help of anagram. Below is the anagram process and the answer of this question.

 

Step 1: Count the quantity of Letters you have (Answer: 5)

Step 2 : Get its factorial (meant by “!”) in the numerator.

Step 3 : Get the Factorial of the rehashing letters in the denominator

 

5! /( 2! * 2!)

 

 

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Business Law

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Business Law

 

 

Internal Assignment Applicable for June 2016 Examination

 

 

Assignment Marks: 30

 

Instructions:

 

  • All Questions carry equal marks.
  • All Questions are compulsory
  • All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3in not more than 500 words for each subsection. Use relevant examples, illustrations as far aspossible.
  • All answers to be written individually. Discussion and group work is not advisable.
  • Students are free to refer to any books/reference material/website/internet for attempting theirassignments, but are not allowed to copy the matter as it is from the source of reference.
  • Students should write the assignment in their own words. Copying of assignments from otherstudents is not allowed.

 

 

 

Question. 1. Miss Priya sold gold jewellery to Mr.Ravil worth 6 Lacs and received a cheque for thefull amount . On presentment, the cheque was dishonoured by the bank. Thus , Miss Priyais an unpaid seller. As an unpaid seller what are the rights of Priya against the goods andagainst Mr Ravil.(Explain any of the five rights + five examples) (10 Marks)

 

Answer:  As per Sales of Goods Act, 1930, the five rights of Priya as an unpaid seller against the goods and against Mr.Ravil are –

(1) Subject to the provisions of this Act and of any law for the for the time being in force, notwithstanding that the property in the goods may have passed to the buyer, the unpaid seller of goods, as such, has by implication of law.

 

(a) A lien on the goods for the

 

 

 

 

 

Question. 2. Alfa enters into a contract to sale 200 bags of wheat Mr. Gamma at a price of Rs 20000. In every contract there are certain conditions & warranties .Such conditions & warranties can be express as well as some times are implied. State any of the five conditions which are implied in every contract of sale of good unless the circumstances of the contract show a different intention. (10 Marks)

 

Answer:  Five conditions which are implied in every contract of sale of good unless the circumstances of the contract show a different intention are –

  1. i) Condition as to title — In every contract of sale, unless the circumstances of the contract are such as to show a different intention, there is an implied condition on the part of the seller, that :

 

In case of a sale, he has a right to sell the goods, and

 

 

 

 

Question.3. Amman, Namman ,Dhavaan , are three friends just passed their BBA exams now , theyare planning to start a new business . Amman, Namman are interested to start the businessin the form of partnership firm but Dhavaan suggests that they should start as a company.Amman, Namman consulted with some of their seniors and come to a conclusion that it’sbetter to start with a partnership firm keeping all the factors in mind.

 

 

a)Suggest certain points which can differentiate between the two form of business thatis partnership and company and on the basis of such points give the conclusion that it’sbetter to start as a partnership firm. (5 Marks)

 

Answer: Amman, Namman, Dhavaan, are basically three friends who just passed their BBA exams now.So, when they planto start a new business, they should use the knowledge and education to make their business better in partnership. There is a conflict of interest in this case because Amman, Namman are clearly interested in starting the partnership business firm but Dhavaangives his suggestions about the start as a company. After all kinds of discussion, they came to the final decision of preferring partnership

 

 

 

b)Suppose, Namman also agrees, that let’s start with the partnership firm and design thepartnership deed first, what should be the various clauses that should be incorporated inthe partnership deed by them. (5 Marks)

 

Answer:If Namman also aggress on the decision of starting partnership firm then all three friends Amman, Namman, Dhavaan will have to proceed to the next step of the partnership firm opening process. The step is the designing of partnership deed.

 

Company is independent entity a different individual according to the law though organization firm is not a different element. Tax collection for both the substance will contrast. Further Companies needs to take after Companies Act, 2013 and there will part of guidelines and regulations to be taken after as for going of resolutions documenting of the same likewise recording of yearly returns and different structures each

 

 

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MS- 423 Marketing of Financial Services

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ASSIGNMENT

 

 

Course Code                                                      :                                               MS-423

Course Title                                                       :           Marketing of Financial Services

Assignment Code                                            :                                               MS-423/TMA/SEM-I/2016

Coverage                                                             :                                               All Blocks

 

Note : Attempt all the questions and submit this assignment on or before 30th April, 2016 to the coordinator of your study centre.

 

 

 

Question.1. Explain the concept of ‘Marketing Mix’ for financial services? Discuss the importance of the seven ‘Ps’ in the context of marketing of Banking services.

 

Answer:Every business knows that in order to thrive it needs to differentiate itself in the mind of the consumer. Price has proved inadequate since there is a limit to how much a firm can cut back on its margins. Product differentiation is also no longer enough to attract or retain customers since technological advances have resulted in products becoming almost identical with very few tangible differences from others in the same category. Consequently, marketers have realized the importance of service differentiation as a sustainable strategy for competing for a portion of the customer’s wallet.

 

Service Encounter / Moment of Truth

 

 

 

 

Question.2. Explain the various sources of long – term finance that are available for meeting the cost of projects in India.

 

Answer:Some of the sources of Industrial finance available in India are as follows:

 

We now, describe the various sources from which industries meet their needs. This will help us in understanding the present set-up of industrial finance.

 

(A) Internal Self-Finance:One source, quantitatively of big importance, is the saving of the unit itself. It may be the household, the business or the government.

 

 

 

 

Question.3. What are the general objectives behind pricing of products and services by Banks? Discuss the various approaches adopted by banks for pricing their product.

 

Answer:The only time when price setting is not a problem is when you are a “price-taker” and have to set prices at the going rate, or else sell nothing at all. This normally only occurs under near-perfect market conditions, where products are almost identical. More usually, pricing decisions are among the most difficult that a business has to make. In considering these decisions it is important to distinguish between pricing strategy and tactics. Strategy is concerned with setting prices for the first time, either for a new product or for an existing product in a new market; tactics are about changing prices. Changes can be either self-initiated (to improve profitability or as a means of promotion) or in response to outside change (i.e. in costs or

 

 

 

Question.4. Explain the benefits of Life Insurance and discuss the factors which influence marketing strategies in the insurance sector.

 

Answer:There is a substantial amount of debate regarding the impact of liberalization on Indian life insurance industry; huge literature available on the impact of liberalization on the key components in the world context. Few studies are available in context of Indian insurance industry that have examined varying aspects such as emerging strategic and regulatory issues, appraisal of industry development, deregulation of industry and economic growth nexus, changing trend structure and innovation in post liberalization phase. The main purpose of this paper is to examine the factors that influenced the development of the life insurance industry in India

 

 

 

 

Question.5. What is ‘Internet Banking’? Explain the benefits of Internet Banking.

 

Answer:Online banking also known as internet banking, e-banking, or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution’s website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking that was the traditional way customers access banking services.

 

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MS-04 Accounting and Finance for Managers

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ASSIGNMENT

 

DRIVE FALL 2016
PROGRAM MANAGEMENT PROGRAM
SUBJECT CODE & NAME MS-04 Accounting and Finance for Managers
SEMESTER I
BK ID MS-04/TMA/SEM-I/2016
CREDITS 4
MARKS 60

 

 

Note: Attempt all the questions and submit this assignment on or before 30th April, 2016 to   the coordinator of your study centre. 

 

Question1. “Accountancy is an Information System”. Do you agree? Substantiate your answer with reasons. How does an Accountant help in planning and controlling a large commercial organization? Explain.  

 

Answer – Yes, I agree that“Accountancy is an Information System”. The main reason behind the statement is that it is a subset of management information system (MIS). Accounting Information System, also known as AIS,  is responsible for providing timely and accurate financial and statistical reports for internal management decision making, and for external parties such as creditors, investors, and regulatory and taxation authorities.

 

Importance of Accounting Information Systems

 

There is an importance for studying Accounting Information System. Anyone pursuing an accounting career must study and understand accounting information systems (AIS) and the related concepts. No matter which particular career path is chosen within accounting, it will in some manner involve the use of an accounting information system. Accountants have several possible roles related to accounting information systems: They may be users of the AIS, part of the design or implementation team of an AIS, and/or auditors of AIS.

 

An information system is a formal process for collecting data, processing the data into information, and distributing that information to users. The purpose of an accounting information system (AIS) is to collect, store, and process financial and accounting data and produce informational reports that managers or other interested parties can use to make business decisions. Although AIS can be a manual system, today most accounting information systems are computer-based.

 

Parts of an Accounting Information System

 

An accounting information system typically has six basic parts:

  1. People who use the system, including accountants, managers, and business analysts
  2. Procedure and instructions are the ways that data are collected, stored, retrieved, and processed
  3. Data including all the information that goes into AIS
  4. Software consists of computer programs used for processing data
  5. Information technology infrastructure includes all the hardware used to operate the AIS
  6. Internal controls are the security measures used to protect data

 

The Reliability of Accounting Information Systems

 

Because AIS stores and provides such valuable business information, reliability is vitally important. There are five basic principles important to AIS reliability:

  1. Security – Access to the system and its data is controlled and limited only to those authorized.
  2. Confidentiality – The protection of sensitive information from unauthorized disclosure.
  3. Privacy – The collection, use, and disclosure of personal information about customers is done in an appropriate manner.
  4. Processing integrity – The accurate, complete, and timely processing of data done with proper authorization.
  5. Availability – The system is available to meet operational and contractual obligations.

 

As we know accountant plays a vital role in organization. Accountant provides us exact and true picture of the financial position in the firm, through which owner can draw a true and fact figure of financial positions of their firm. With the help of accountant, we can know the actual profit and loss of the company.

An Accountant helps in planning and controlling a large commercial organization in following way-

 

(i)Maintenance of business records. All financial transactions are recorded in a systematic manner in books of accounts so that there is no need to rely on memory. It is not possible for any human being to remember all what happened in daily operations of a business.

(ii) Preparation of financial statements. Systematic records enable the accountant to prepare the financial statements-trading and profit and loss account to calculate profit or loss during a particular accounting period and balance sheet to state the financial position of the business on a particular date. Profit is a measure of the successful running of thel business.

(iii) Comparison of results. Systematic maintenance of business records enables the accountant to compare profit of one year with those of earlier years to know the significant facts about the changes. This helps the business to plan its future affairs accordingly.

(iv) Decision-making. For day-to-day solving of a number of problems like what should be the selling price of goods produced? Whether a part should be made in the factory or purchased from outside? etc., the accountant helps the management by providing the relevant information.

(v) Good evidence in courts. Records of business transactions are treated as satisfactory evidence in courts of law.

(vi) Planning and control operations. Planning operations like sales, productioncash requirements for next accounting periods are achieved with the help of accounting information and estimates based on that information. Management is also interested in observing that the operations in the business are going on according to plan and all the departments are spending within their prescribed limits.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Question2. The following are the Balance Sheets of XYZ Ltd. for the years ending 31st December, 2014 &2015 .

 

 

 

 

Particulars 2014 (Rs.) 2015 (Rs.)
 

 

 

Liabilities

 

Equity Share Capital

 

Preference Share Capital

 

Reserves

 

Profit and Loss a/c

 

Bank overdraft

 

Creditors

 

Provision for taxation

 

Proposed Dividend

 

Total

 

 

 

 

 

Fixed Assets 

 

Less: Depreciation

 

Stock

 

Debtors

 

Bills Receivable

 

Prepaid expenses

 

Cash in Hand

 

Cash at Bank

 

Total

 

 

 

 

 

2,00,000

 

1,00,000

 

 

20,000

 

15,000

 

50,000

 

40,000

 

20,000

 

15,000

 

 

4,60,000

 

 

 

 

 

 

 

 

2,40,000

 

40,000

 

1,00,000

 

20,000

 

10,000

 

40,000

 

10,000

 

4,60,000

 

 

 

3,30,000

 

1,50,000

 

 

30,000

 

20,000

 

50,000

 

50,000

 

25,000

 

25,000

 

 

6,80,000

 

 

 

 

 

 

 

3,50,000

 

50,000

 

1,25,000

 

60,000

 

12,000

 

53,000

 

30,000

 

6,80,000

 

 

 

Prepare the comparative balance sheet and study its financial position.

 

Answer-  Comparative balance sheet and its financial position.

 

 

 

 

Equity and Liability

Amount

2014

 

Amount

2015

 

  Jan/Dec

 

 % Jan/Dec

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
 

 

     Amount

2014

 

Amount

2015

 

  Jan/Dec

 

 % Jan/Dec

 

     

 

 

 

Question3. ABC Ltd. maintains their books of Cost Accounts under standard costing system in which the work-in-progress is debited with actual costs and credited with standard costs.  The standard cost card for product X shows:  

 

Cost per unit (Rs.)

Direct material  1pc @ Rs. 1.501.50

Direct labour3hrs @ Re. 1.003.00

Factory overhead   3 hrs.@Rs. 2.50  7.50

(to be charged to product X)

 

Production data   

Units completed   950 units  

Units in closing WIP  100 units 50% completed

Cost of units remaining work- in- progress Account is transferred to work- in- progress Inventory Account. You are required to compute all possible variances

 

Answer –

 

(i) Material price variance – (A R – S R )  X Actual Consumption

( 1.60 – 1.50 )X  1100

= 110 A

 

 

Question 4. As a Manager what strategy you will adopt so that you are able to efficiently manage the cash in business? 

 

Answer – Cash management is a broad term that refers to the collection, concentration, and disbursement of cash. The goal is to manage the cash balances of an enterprise in such a way as to maximize the availability of cash not invested in fixed assets or inventories and to do so in such a way as to avoid the risk of insolvency. Factors monitored as a part of cash management include a company’s level of liquidity, its management of cash balances, and its short-term investment strategies.

 

In some ways, managing cash flow is the most

 

 

 

Question 5. Visit an organization of your choice and find out the investment appraisal methods that the organization follows. Write a note on your visit.

 

Answer – Introduction to the company (The Jai Bharat Machine Tools Ltd)

 

The Jai Bharat Machine Tools Ltd. was established in 1971. To start with, 500 workers, 35 Technicians and 15 technical officers were working in the company. At present the total strength has gone to 3000 workers 150 technicians and 30 officers.

 

The Jai Bharat Machine tools usually get 2 or 3 projects every year I visited its head office to find how they appraise the investments before starting any project.

 

I found that they were using many methods for investment appraisals. I will explain the methods which they are as follows:

 

 

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Quantitative Techniques

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                                                             ASSIGNMENT

 

 

Quantitative Techniques

 

 

Guidelines

 

Practical examples and explanation with graphical representation will carry more weight age.There is no length as such described to answer the questions. The external sources can be used and you can also insert images to make the assignments presentable.Original thought and execution will be duly rewarded and plagiarism in any form will be viewed very seriously.Formatting should be proper with font – Cambria, heading size – 14 andbody size – 12, Line spacing 1.5 lines and font colour black.

 

Question.1. (a)Find the probability of drawing a diamond card in each of the consecutive draws from a well shuffled pack of cards,if the card drawn is not replaced after the first draw.

 

Answer:1st card diamond: 13/52

2nd card diamond: 12/51

 

(13/52)(12/51) = 0.0588

Another way to do it:

Ans: 13C2/52C2 = 0.0588

 

There are 52 cards total.

13 of them are diamonds.

First draw:

 

 

 

(b) A bag contain 5 white , 7 red and 8 black balls. If four balls are drawn one by one without replacement, find the probability of getting all white balls.

 

Answer: There are [math]20[/math] balls total.

On the first draw,  [math]P(\text{white}) = \dfrac{5}{20}[/math].

On the second draw,  [math]P(\text{white}) = \dfrac{4}{19}[/math].

On the third draw,  [math]P(\text{white}) = \dfrac{3}{18}[/math].

On the fourth draw,  [math]P(\text{white})

 

 

 

Question.2. a)Explain the types of Regression Models.

 

Answer: A regression analysis generates an equation to describe the statistical relationship between one or more predictors and the response variable and to predict new observations. Linear regression usually uses the ordinary least squares estimation method which derives the equation by minimizing the sum of the squared residuals.

 

 

 

 

Question.3. Explain the different types of Sampling Methods.

 

Answer:The process which involves the selection of the sample but does not involve its composition is called as the sampling method. There are different methods for carrying out the sampling process and these methods can be categorized as follows –

 

  1. Probability Sampling – Studying different

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Professional Management

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                                                             ASSIGNMENT

 

 

Professional Management

 

 

Guidelines

 

Practical examples and explanation with graphical representation will carry more weight age.There is no length as such described to answer the questions. The external sources can be used and you can also insert images to make the assignments presentable.Original thought and execution will be duly rewarded and plagiarism in any form will be viewed very seriously.Formatting should be proper with font – Cambria, heading size – 14 andbody size – 12, Line spacing 1.5 lines and font colour black.

 

Question.1. “The essence of control is action” Comment.

 

Answer:Business control or Organizational control refers to regulating organizational activities to make them consistent with the expectations established in plans, targets and standards of performance. The essence of control is action which adjusts operations to predetermined standards and its basis is information in the hands of managers. Thus, effectively controlling an organization

 

 

 

Question. 2. What are the various forms of organizational structures? How do they help successful organizations?

 

Answer:An organizational structure defines the scope of acceptable behavior within an organization, its lines of authority and accountability, and to some extent the organization’s relationship with its external environment. More specifically, it shows the pattern or arrangement of jobs and groups of jobs within an organization and yet it is more than an organizational chart. The organizational structure pertains to both reporting and operational relationships,

 

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