Computerised Financial Accounting

Differentiate between Fund Flow and Cash Flow statement?

Discuss briefly the objectives and limitations of budgetary content.

From the following Trial Balance of Forest Company, prepare Trading and Profit & Loss account and Balance sheet:
                                             Trial Balance as on 30th June, 2008,
 

Additional Information:
i) Closing Inventory as on June 30,2008 Rs.500,000
ii) Outstanding wages Rs.50,000
iii) Depreciation on Machinery at 10% and furniture at 5%.

What do you understand by break-even analysis? Explain its uses?

XY Co.Ltd. Supplies you the following Information:
Calculate break even point.
Sales  Rs.2,00.000
Fixed cost  90,000
Variable cost 1,25,000

Write short notes on Errors of commission.

Write short notes on Cash flow statement.

Briefly explain the four Accounting conventions?

Explain the Accounting equation Assets = Liabilities - Equities.

What are the different errors and omission which are not shown by the Trial Balance?

Explain the importance of modern Accounting software developed with relevance to Financial reporting to Management?

ABC limited wishes to arrange overdraft facilities with its bankers during the April-June 2000,Prepare a cash budget for the above period from the following data, Indicating the extent of the bank overdraft requirement at the end of each month,
     

50% of the sales are realized in the month following the sales and the remaining 50% in the second month following. Creditors are paid in the month following the month of purchase. Cash at bank on 1st April 2000 is Rs. 25,000

Why is voucher important for computerized financial accounting? How does it helps in preparation of computerized report of expense and Revenue statement?

Explain the MM Module in SAP Transaction?

Why inventory data is necessary for preparation of Final Accounts whether manual or computerized?

What is Stock ledger?

How does the concept of CENVAT treated in accounting software while implementation of computerized Financial Accounting.

What is the logic required in printing of the computerized Invoice containing all relevant financial details?

What are the different databases required while preparation of Final Accounts through accounting software package in report generation?

Draw a Performa Income Statement as per Indian Accounting Standard?

Write short notes on SFC and DFD in MIS of Financial Accounting

Write a short note on Tally as an Accounting software.

Briefly explain the Finance Module transaction and the requisite database required for the Front end user of SAP software?

What is Journal? Explain different types of Journals?

What is Budgeting? Difference between Forecasting and Budgeting?

What are the Display options at Gateway of Tally?

From the following Balance sheet of gupts and co you are required to prepare Schedule changes in Working Capital Statement, Fund Flow Statement and Fund from Operation.
    

Additional Information
1. Depreciation charged on Machinery was Rs. 4000 and on building Rs. 4000.
2. interim Dividend paid during the year was 7500.

From the following information you are required to calculate
i) P/V ratio
ii) Fixed cost
iii) Sales volume to earn profit of Rs. 50,000
When
Sales Rs. 2,00,000
Profit Rs. 20,000
Variable cost 60%

Explain the Money Measurement concept?

Explain the golden rules of the Real, Personal and Nominal.

What is the Trail Balance? How does it help in preparation of Final Accounts?

Differentiate between traditional and innovative Management Accounting Practices. Why contemporary management accounting is widely accepted in the present business environment?

Explain the concept of Voucher? How does voucher forms the part of database, for computerized financial accounting?

Define the Accounting? Explain Accounting Concepts and Conventions.

What are the various input data required for the inventory management and maintaining stock Ledger?

What are the various methods which helps in warehousing transaction and delivery of Finished goods to the customers through different software accounting packages?

What is a Party Invoice? Explain the different Inco-terms mentioned in the Invoice?

Explain the concepts of CVED in procurement of imported materials?

Explain the Performs of Final Accounts with a suitable example?

Explain the importance of Accounting records for formation of Database?

Write short note on Cash Book.

Write short note on outstanding Register?

What do you mean by accounting Principles Discuss the need for accounting Principles.

What is a journal? Explain with examples Personal accounts, Real accounts and Nominal accounts.