Part A- Scenario based questions (explain with examples wherever possible) 1. Assume you are an analyst, what are the key points that you will focus on a financial forecast report. 2. Explain how organizational and statutory requirement affects the preparation and planning of budget forecast. 3. Describe how do the costs of, and returns from, assets and liabilities influence the extent of debt and equity financing? 4. From the information provided below about hypothetical company, collect and communicate comparative trend information from the point of view of needs for future budget and associated resources. Balance Sheet Account Cash Accounts Receivable Inventory Current Assets Q1 15,175 95,755 85,750 196,680 Q2 12,750 125,750 95,750 234,250 Q3 8,750 195,750 175,500 380,000 Q4 6,785 225,750 195,650 428,185 Accounts Payable Accrued Expenses Current Portion L/T Debt Current Liabilities 135,750 8,750 10,250 154,750 165,850 11,850 12,750 190,450 275,425 21,750 22,750 319,925 305,785 35,875 28,750 370,410 02 Income Statement Account Sales Cost of Goods Sold Net Profit Interest Expense Q1 1,750,850 1,138,053 140,068 8,750 2,525,000 1,641,250 277,750 12,570 Q3 2,125,000 1,381,250 191,250 24,500 Q4 1,785,450 1,160,543 124,982 32,750 Financial Analysis Current Ratio Days' Sales in Receivables Days' Sales in Inventory Net Profit Q1 1.27 19.96 27.50 8.0% Q2 1.23 18.18 21.29 11.0% Q3 1.19 33.62 46.38 9.0% Q4 1.16 46.15 61.53 7.0% 5. List and explain the various steps associated with negotiations to secure resources in accordance with relevant shortterm and longterm needs of a company? 6. Write down the steps associated with allocating resources against the budget to maximise organisation's performance. 7. Study the graphical illustration given below; based on that develop and review management systems which enable timely collection, management and processing of information. Functions of MIS :- Outputs Inputs Business Problems Data Information Instructions Opportunities Processing Programs People Equipment Solutions Storage Reports Graphics Calculations Voices Tactics Feedback Control Decision Makers Auto-Control 8. Describe the various steps involved in evaluating and improving budget audit mechanisms and compliance requirements? Part A- Scenario based questions (explain with examples wherever possible) 1. Assume you are an analyst, what are the key points that you will focus on a financial forecast report. 2. Explain how organizational and statutory requirement affects the preparation and planning of budget forecast. 3. Describe how do the costs of, and returns from, assets and liabilities influence the extent of debt and equity financing? 4. From the information provided below about hypothetical company, collect and communicate comparative trend information from the point of view of needs for future budget and associated resources. Balance Sheet Account Cash Accounts Receivable Inventory Current Assets Q1 15,175 95,755 85,750 196,680 Q2 12,750 125,750 95,750 234,250 Q3 8,750 195,750 175,500 380,000 Q4 6,785 225,750 195,650 428,185 Accounts Payable Accrued Expenses Current Portion L/T Debt Current Liabilities 135,750 8,750 10,250 154,750 165,850 11,850 12,750 190,450 275,425 21,750 22,750 319,925 305,785 35,875 28,750 370,410 02 Income Statement Account Sales Cost of Goods Sold Net Profit Interest Expense Q1 1,750,850 1,138,053 140,068 8,750 2,525,000 1,641,250 277,750 12,570 Q3 2,125,000 1,381,250 191,250 24,500 Q4 1,785,450 1,160,543 124,982 32,750 Financial Analysis Current Ratio Days' Sales in Receivables Days' Sales in Inventory Net Profit Q1 1.27 19.96 27.50 8.0% Q2 1.23 18.18 21.29 11.0% Q3 1.19 33.62 46.38 9.0% Q4 1.16 46.15 61.53 7.0% 5. List and explain the various steps associated with negotiations to secure resources in accordance with relevant shortterm and longterm needs of a company? 6. Write down the steps associated with allocating resources against the budget to maximise organisation's performance. 7. Study the graphical illustration given below; based on that develop and review management systems which enable timely collection, management and processing of information. Functions of MIS :- Outputs Inputs Business Problems Data Information Instructions Opportunities Processing Programs People Equipment Solutions Storage Reports Graphics Calculations Voices Tactics Feedback Control Decision Makers Auto-Control 8. Describe the various steps involved in evaluating and improving budget audit mechanisms and compliance requirements