Indira Gandhi National Open University (IGNOU) 2006 M.Sc Tourism MTM5 Accounting, Finance and Working Capital for Managers - Question Paper

IGNOU MTM5 Accounting, Finance and Working Capital for Tourism Managers December 2006

MASTER'S IN TOURISM MANAGEMENT
Term-End exam

December, 2006

MTM-5: Accounting, Finance and Working Capital for Tourism Managers

Time: three hours
Maximum Marks: 100
Note :Attempt any 5 ques. in about 600 words every.

l. describe accounting and explain its functions. (20)

2. explain in detail the subsequent accounting concepts : (5+5+5+5)

(a) Accrual concept

(b) Concept of Conservatism

(c) Materiality concept

(d) Consistency concept

3. discuss the subsequent terms : (5+5+5+5)

(a) Accounts Receivable

(b) Reserves and Surplus

(c) Contingent Liabilities

(d) Intangible and other assets

4. Differentiate ranging from "schedule of modifications in Working Capital" and Funds Flow Statement. (20)

5. What do you understand by cost ? discuss its various elements. (20)

6. What is a Variance ? discuss how different variances are calculated. (20)

7. discuss in detail the different factors affecting dividend decisions. (20)

8. elaborate the features of an improper capital structure ? (20)

9. In what way is financial leverage related to operating leverage ? explain with an example. (20)

10. What do you understand by 'Budgeting' ? Mention the kinds of budget that the management of a big industrial concern would normally Prepare. (20)

Earning:   Approval pending.