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MBA-III
FIN621 Financial Statement Analysis
FIN621 Past Papers
FIN621 Finalterm Papers
PAPER#1
FIN621 paper latest paper
• Total 69MCQ's from which 8 where subjective questions
• The MCQ's was from cash flow,stockholder,ratio and some were about entries
• In one subjective question 3 different scenarios was given.Teacher asked to comment on the scenarios according to GAAP.
• In one I have to calculate quick ratio and current ratio.and comment on the ratio.
• In another scenario current ratio,quick ratio and debt ratio was given of ABC company and as a creditor I have take decision whether to given loan to the company or not.
PAPER#2
Aoa I attempted my fin621 ppr today. 90% mcq were new. subjective portion was as follows:-
Q1. What info is contained in Balance sheet which is of interest to short term n long term creditors? 3marks.
Q2. What is vertical & common size analysis? What is its usefulness? 3marks
Q3. Differentiate between operating cycle & accounting cycle of a company. 3marks
Q4. ( Marks: 5 )
Following is the balance sheet of the ABC Company.
ABC Corporation
Balance Sheet
Mar. 31, 1991
Assets
Cash Rs. 12,500
Notes receivables 104,000
Accounts receivables (net) 68,500
Inventories at cost 50,000
Plan & equipment (net of depreciation) 646,000
Total assets Rs. 881,000
Liabilities & Stockholder's equity
Accounts payable Rs. 72,000
Notes payable 54,500
Accrued liabilities 6,000
Common stock (60,000 shares, Rs.
10par)
600,000
Retained earnings 148,500
Total liabilities and owner's equity Rs. 881,000
Requirement:
Calculate the current ratio and quick ratio for both years. (2.5+ 2.5)
Q5. Data given. Had to calculate quick n current ratio. Industry average was given for both ratios & we had to comment on company's financial position. 5marks
Q6. Using the following information, compute the price earning ratio to the nearest tenth.
Income Rs. 130,000
Beginning shares outstanding 250,000
Ending shares outstanding 270,000
Current price per share Rs. 7.50
Dividend per share Rs. 1.20
PAPER#3
only 8,9 mcq'z were new rest were from past pprz n quizzez
A firm's balance sheet consists of cash, marketable securities, receivables and inventory among other assets. Which of the following is the least valuable ratio for the firm? Give reasons.
0. Cash ratio
1. Quick ratio
2. Current ratio 5
State and explain any five generally acceptable accounting principles. 5
Assume that company had total assets turnover of 1.5, net profit margin of 6% and assets of Rs. 5000,000 and liabilities of Rs. 3000,000.
Requirement: Calculate net sales and net income. 5
What is the effect of financial leverage on the earnings of the firm? When leverage is advantageous? 3
Debt is not always a bad thing. Explain 3
How horizontal analysis minimizes the problems of vertical analysis? 3
PAPER#4
FIN621 (17-02-2011 at 10:30 am)
1) Difference b/w Operating and Accounting Cycle.
2) Big Financial Challenge in the Managing a company operating cycle.
3) Why P/E Ration generally higher during low inflation.
4) Question to find out the Relative Liquidity of the Company.
5) Short Term liquidity of Companies.
6) Question of Microsoft from Past Papers.
7) Find out Cash Flow from Operating Activities using Indirect Method.
PAPER#5
1) Why revenue a/c is credited & expense a/c debited? Give reason.
2) Find quick assets & total current assets.
3) Find return on assets
4) In financial statement, what is the basic objective of data n ratio?
5) If u buy an inventory for 20,000 what'll be effect on new working capital.
6) Which 1 has lowest value cash ratio, quick ratio, current ratio, give reason also
PAPER#6
1) Differenc e b/w Operating and Accounting Cycle.
2) Big Financial Challenge in the Managing a company operating cycle.
3) Why P/E Ration generally higher during low inflation.
4) Question to find out the Relative Liquidity of the Company.
5) Short Term liquidity of Companies.
6) Question of Microsoft from Past Papers.
7) Find out Cash Flow from Operating Activities using Indirect Method.
........................
1) Why revenue a/c is credited & expense a/c debited? Give reason.
2) Find quick assets & total current assets.
3) Find return on assets
4) In financial statement, what is the basic objective of data n ratio?
5) If u buy an inventory for 20,000 what'll be effect on new working capital.
6) Which 1 has lowest value cash ratio, quick ratio, current ratio, give reason also
-----------------------------------------------------------
PAPER#7
69 question.
subjective portion
Question#1 : How horizontal analysis minimizes the problems of vertical analysis? 3 marks
Question#2 : Why stock holder preferred earning per shares rather then net income? 3 marks
Question#3 : Effect on working capital if assets increase 2% but no change in liabilities? 3 Marks
Question#4 (5marks)
Cash receive = 240000Rs.
Interest and dividend receive = 50000
Proceeds from sale of plant = 330000
Cash paid to supplier and employee = 127000
Cash paid for investment = 45000
Cash paid in treasury stocks = 36000
Net cash flow from operating activities=?????
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PAPER#8
Q no 64.
Co A has a current ratio 3:1
Co B has a current ratio 2:1
Has Co A more higher operating cycle than Co B? If it is then why? (3)
Q no 65: What do creditors of the firm can derive out of Balance Sheet of the firm…….? (3)
Q no 66: Some data was given and then I was asked to calculate ROE of a firm…………(5)
Q no 67: Suppose I am the Finance Manager of a firm and my 2 customers are interested in
doing investment then
1st customer is interested in that firm who's market value of the share is higher and
2nd customer is interested in investing in that firm who's profit of that year is higher…………..
Being a professional, what advise can I give to both the customers and why? (5)
Q no 68: Following are some ratios
Cash Ratio
Current Ratio
Quick Ratio
Which ratio has the lower value among all & why…………(5)
Q no 69: Some uncorrected transactions were given and I was supposed to correct them with figures and I was also asked to write the adjusting rule by the accounting standard………….(5)
2)
PAPER#9
My ppr
Q.1 Which of accounting system gives more accurate picture of the profitability of the business?(3)
Q.2 Diff Between operating cycle &accounting cycle?(3)
Q.3What is the Big Financial challenge in managing operating cycle?(3)
Q4.Make the following jounal entries(5)
(i)May 10:Purchase Five p-500 facimile machine on account from minitisi corporation at a cost of rupees 5.60 each,payment due,in 30 days.
b)May23,sold four p-500 fasimile machine on account to foster & cole stock brokers sale price rupees 900 per machine,pay due 30 days.
C)june9,paid Rs 2800 cash to minitisi corporation for the fasmile machine purchased on may 10.
d)june 19 sold two p-500 fasmile machine to Tri-stat for cash sale price Rs.950 per machine
Q.5 Determine the coste of sale from the following data.(5)
Current ratio 2.5
Quick ratio 2.0
Current liabilties 400,0000
Inventory turnover 3 times
May be 400,000 not cnfm
Q.6 Find out percentage by assuming 1996 as the base year.(5)
2001 2000 1999 1998 1997 1996
sales 450,000 360,000 330,000 321000 312000 300,000
Net income 22950 14550 21,450 19200 15600 15000
Q.Find Average receivable turnover ratio,(5)
19x2 19x1
Averae account recievables 400,000 416,000
Net credit sale 21600,000 3100,000
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We say, "Be one as Pakistani Nation and grow up for Pakistan's Future". Wish you all the best.
Please visit www.vuaskari.com, get registered for old papers, quiz, assignments and GDBs...
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