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Accounting, Finance, and Taxation Guide

The document outlines various topics related to accounting, financial management, and financial services, structured into units with long and short questions. It covers computerized accounting, e-filing of tax returns, financial statement analysis, and the fundamentals of financial management, among other subjects. Each section includes detailed inquiries aimed at understanding concepts such as financial systems, financial statements, and capital budgeting.

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0% found this document useful (0 votes)
7 views12 pages

Accounting, Finance, and Taxation Guide

The document outlines various topics related to accounting, financial management, and financial services, structured into units with long and short questions. It covers computerized accounting, e-filing of tax returns, financial statement analysis, and the fundamentals of financial management, among other subjects. Each section includes detailed inquiries aimed at understanding concepts such as financial systems, financial statements, and capital budgeting.

Uploaded by

a3128063
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Contents

Computerize accounting & e filling of tax return ........................................................................................ 1

Financial marketing institution and services ............................................................................................... 3

Financial statement analysis and reporting................................................................................................. 6

Fundamentals of financial Management. .................................................................................................. 10

Computerize accounting & e filling of tax return


Unit-1

Long Questions [ Tally]


1. Explain the benefit and limitation of computerize accounting system
2. Narrate the steps and fields for company creation on Tally
3. What is accounting Voucher ? Briefly explain about different types of voucher
4. What is TDS ? How payment of tax deducted / Collected at source is made?

Short Questions

1. What is a company in tally


2. What is a Ledger
3. What do you mean by accounting voucher
4. Explain memorandum Voucher
5. Explain cost counter
6. Explain cost category
7. What are TDS & TCS?
8. Difference between TDS and TCS
9. Explain GST
10. Define invoicing
11. Define the term Break Up And re store
Go – Through The tally accounting Software

Create Import

Company Alter Data Export

Delete Back up

Restore
12. what is payroll accounting?
13. Credit Note v/s debit Note Vouchers

Unit 2
Long Questions

(Data base Software Ms. Access) ↓

1. what is database? Explain the steps for designing database process.


2. Explain the procedure of creating vouchers forms in DBMS Package.
3. what is DBMS Package? Write a note on the essential Features of DBMS.
4. what is form Wizard? How form wizard is designed?
5. Explain the requisites of DBMS.
6. what are The pre requisites of designing payroll system of accounting.

short questions

1. what is Table in DBMS ?


2. what is Query?
3. what is Form?
4. what is Report?
5. what do you mean by Form wizard?
6. What is DBMS ?
7. Any two merits of database Management.
8. Explain different types of DBMS.
9. what is Balance sheet in report form?
10. what do you mean by payroll?
11. Any three demerits of DBMS.
12. Mention the components of DBMS.
13. what is DBMS Package?

Unit-3
Long Questions (ITR)

1. what e-Filing? What are the step of filling of tax return


2. what is the need for e-verification of ITR? Explain the process.
3. Define Relief v/s 89(1). State the procedure for preparing and submission of on line form 10E.
4. what is DSC Utility? Write a note on various steps for generacting signature Bite for Income tax
DSC utility. e. Bering using

short Questions

1. what is e-firing?
2. what DSC?
3. what Eve?
4. Explain Form 26 AS.
5. Benefits of e-verification.
6. Explain form 10 E.
7. How to use tax calculator?
8. Relief us 89 (1).
9. what are the details need for e-filing?
10. How do one can cheek his e-payment Status?
11. How is challans created for tax purposes

Financial marketing institution and services

Unit-1
Long Questions

1. Explain the structure of Indian financial system in details. (Components).


2. Narrate the factors affecting the stability of a financial system
3. Explain the main Achievement and failure of RBI
4. Discuss the role of Indian financial system in Its economic development.
5. what do you mean by Finance al innovation? Discuss the latest financial innovation in Indian
finance system

short Questions

1. what is financial System?


2. what is development Bank?
3. Describe the concept of financial tech?
4. what are the failure of RBI.?
5. what is financial Innovation?
6. Write the main role of financial institutions.
7. Mention any three role of financial inter medianes in financial system.
8. what are the implication of technology on financial system?
9. Role of RB1 in credit control.
10. Any three functions of RBI.
11. Read about all financial intermediaries

Unet-2
Long Questions

1. Explain the functions of Commercial banks.


1. Describe the role of financial institutions the economic development in India.
2. How can NPAS be controlled? Elaborate
3. Make a Comparison of the performance of public sector and private sector banks in India.
4. Discuss in briefly the framework of Indian Capital Market.

Short Questions

COVER UP THE FOLLOWING TOPICS

IDBI

IFCI

ICICI

SFCS Full Form, Meaning , function ,Year of establishment

LIC

NPA

UTI––

MUTUAL FUND

1. what are non-banking financial Institutions?


2. What do you mean by commercial paper?
3. what is Commercial banks?
4. Public Sector Banks v/s Private sectors bank
5. Explain about SEBI
6. Three advantages of Commercial papers.
7. what is Capital Market?
8. Money Market v/s Capital Market.
9. Primary Market v/s Secondary Market
10. what Credit Creation & Credit Control?
11. Name different types of Mutual funds.
12. Advantages of Mutual funds.
13. Commercial banks v/s Development banks.
14. Three Advantages of NBFC
15. Instruments of money market- Call Money. Commercial paper, T-Bill's etc.

Unit-3
Long Questions

1. what is Financial Services? Discuss about different types of financial Services – Asset and Fee
Based
2. what is lease financing? Explain about operating and financial lease.
3. Difference between Hire purchase & leasing
4. what is factoring? Explain its benefits and Functions.
5. what is Hire purchase Agreement? Discus about characteristics and contents of HP Agreements.

shar Questions

1. what is lease financing


2. What is consumer credit
3. what Here purchase?
4. what e for feiting
5. what is Factoring
6. Explain Venture Capital.
7. Explain Housing finance.
8. what is Credit rating?
9. Name two credit rating agencies
10. What is stock broking?
11. Three Functions of Credit rating agency.
12. what are Financial Services?
13. who is Sub-broke?
14. Write a note an CRISIL
15. Any two types of Leases?
16. CAMEL Model in Credit rating.

Unit-4
Long Questions

1. Explain the provisions relating to Right issue.


2. Explain the regulatory framework of SEBI for primary and secondary market in India.
3. Define primary market . Explain the features of primary market in India.
4. Define financial assets? Explain different types of financial asset.
5. what do you mean by stock exchange? Explain its importance.
6. Explain the Credit rating process? ----- Unit-3
7. Explain pre-issue & post - issue activities

Short Questions -

1. what is right issue?


2. what is Debenture?
3. Explain Equity share?
4. SEBI
5. Primary Market v/s secondary Market.
6. what are pre-issue activities
7. what are post-issue activities?
8. what is financial assets or Instruments?
9. Name Any three Financial assets.
10. what is Zero-Coupon bond?
11. what is under writing?
12. Types of under writing ?

Financial statement analysis and reporting


Unit-1
Long Questions

1. What is financial Statement? Explain its Nature and objectives.


2. Briefly explain the limitations of financial statement.
3. short Notes: Types of financial Statement
i) Income Statement
ii) Balance Sheet
iii) Statement of retained earning
iv) Fand Flow statement
v) Notes to Accounts
vi) Cash flow Statement
4 . Discuss the use and importance of Financial statements

Short Questions

1. what are financial statements?


2. who are the users of financial stale.?
3. what is owner's equity?
4. what is retained earning?
5. Any three examples of Current assets & current liabilities.
6. Explain Balance sheet.
7. Write any three objectives of FS
8. write any three Limitations of F.s.
9. Give three characteristics of FS.
10. What is Contingent Liabilities.

Tips:

Corer all Long Question . Read types of assets & liabilities.

Unit-2
Long Questions

1. what do you do you understand by analyses and interpretation of Financial Statement? i Discuss
their vtility and signification
2. Briefly explain different classification of financial statement analysis.
3. Explain different techniques of financial statement analysis.
4. Short Note
a) comparative Balance sheet
b) Common size Balance sheet.
c) comparative Income statement.
d) common size Income Statement.
e)

[Link] of comparative or Common size B/S OR Income statement.

Short Questions
1. what is financial analysis?
2. what is Horizontal and Vertical analysis.
3. Note on Comparative statements.
4. what is trend analysis?
5. Note On Common-size statements.
6. What is Intra-form comparison?
7. comparative Balance sheet
8. Comparative Income statement
9. Common-Size Income statement
10. Common - Size Balance sheet.

Unit-3
Long Questions

1. Practical Problem on Ratio Analysis


a. Current Ratio f. GROSS Profit ratio.
b. Liquid Ratio g. Cost of Goods Sold.
c. Stock Turnover ratio h. Debt-equity
d. Debtor Turnover ratio i. ESP, Price-earning
e. Creditor Turnover ratio j. Working Capital

2. what is meant by Ratio analysis? Explain its classification.


3. Explain the advantages & Limitations of Ratio analysis.
4. Univariate Analysis v/s Multivariate Analysis.
5. Explain the application of statistical tools in financial Statement analysis.

Short Questions

1. What is Ratio?
2. what is Liquid/Quick Ratio?
3. Explain Cross-sectional analyses?
4. Explain time- Serries analysis
5. what is window dressing?
6. Describe the term Capital employed
7. Discus du point chart
8. Explain Net Working Capital.
9. Any three Limitations of Ratio Analysis.
10. Any three Advantages of Ratio Analysis.
11. Univariate analysis v/s Multerare cute ana.
12. Formulae of all Ratios.
13. Explain current asset Ratio.
14. Types of Ratios - Current, Liquid, Stock turnover, DTR, CTR, WCTR, GPR, NPR, COGS, etc.
15. Three uses of Multivariate analysis.

Unit-4
Long Questions

1. Preparation of Cash Flow Statement.


2. What is statutory report? Give examples statutory report
3. what is Non-Statutory Report? Discuss its types.
4. Difference between statutory. Report and Non statutory Report
5. Discuss the meaning and Models of integrating reporting

Short Questions

1. What is cash flow statement


2. what is operating activities with examples?
3. what is investing activities with examples
4. what is financing activities with example
5. what a is Report?
6. Meaning and examples of statutory Report.
7. statutory Report vis Non- statutory Report.
8. Explain integrating Reporting.
9. Explain Sustainability Reporting.
10. Environment Report, Social Report
11. what is CSR?
Fundamentals of financial Management.

Unit-1
Long Questions

1. What is financial Management? Explain the objectives of it.


2. Briefly explain the functions of financial management.
3. Explain the role of chief financial officer.
4. what is Risk? Explain different types of Risks.

Short Questions

1. what is Finance?
2. what is financial management?
3. Financial decisions - Investment, Finance, dividend.
4. Explain Time value of money.
5. Write any three reasons of TVM.
6. what is compounding in TVM?
7. what is discounting in TVM?
8. what is Annuity?
9. what is Perpetuity?
10. Explain Rule 72 and Rule 69.

Unit-2
Long Questions

1. what is Finance? Explain about its sources?


2. what is Cost of capital? state its significance.
3. Practical Problem on short-term and long-term cost of capital.
4. state how would you determine, weighted average cost of capital of a firm.

Short Questions

1. short term Sources of Finance - Trade Credit, Factoring, commercial paper etc.
2. Medium term sources - Preference shares, public deposits, bank deposit etc.
3. Long term sources - Equity share , debenture, retained earnings etc.
4. what is Cost of capital?
5. what is Explicit & implicit cost?
6. what are specific cost- cost of equity, Cost of debt, cost of preference?
7. Explain WACC- Weighted average cost of capital.
8. what is Cost of retained earnings?
9. what is Marginal cost of capital?

Unit-3
Long Questions

1. what is Capital budgeting? Explain, in brief The process of capital budgeting.


2. Elaborate the methods of long term investment decision or Capital budgeting.
3. Explain the relevance theory of dividend - Walter's model, Gordon's Model.
4. what is dividend policy? Explain its determinants.
5. Practical Problem- Capital budgeting & Dividend Policy.
6. Explain the different types of dividend.

Short Questions

1. what is capital budgeting?


2. what is capital expenditure?
3. What is Pay back period.
4. what is Accounting rate of return.
5. Explain NPV method of cap. budgeting.
6. Merits and Demerits of ARR method (Any three).
7. Merits and Demerits of NPV Method (Any three).
8. How to get Net present value?
9. what is profitability index? Formula to find it.
10. Explain IRR method of Cap. budgeting.
11. what is dividend?
12. what is stock dividend?
13. what is Scrip dividend?
14. what is dividend policy?
15. Write any three assumptions of Walter's model
16. what is Gordon's model?
17. what is Gordon's reversed model?
18. Read all types of dividend.

Unit-4
Long Questions
1. what is Working Capital? Explain the various sources to meet W.C.
2. Explain the factors determining Working capital requirements.
3. Briefly explain the concepts of working capital.
4. Methods of estimating working capital requirements.
5. Explain the needs or importance of working capital.

Short Questions

1. Explain Working Capital.


2. Explain Gross & Net W.C.
3. what is W. C. Cycle?
4. Conservative policy relating to current asset.
5. Aggressive policy relating to current asset.
6. Balance policy relating to current asset.
7. Cash forecasting method.
8. Projected Balance Method.
9. Working Capital v/s capital budgeting.
10. Sources of W.C. - Read on detail.
11. Operating cycle or Circular flow concept.

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