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MMPC-004 Solved Assignments 2025-26 Available
1. Explain the fundamental accounting concepts that underpin the preparation of financial statements in detail, providing suitable examples for each.
2. A factory manufacturing fins has the capacity to produce 500 fans per annum. The variable cost of a fan is Rs. 800, which is sold for Rs. 1,000. Fixed overheads are Rs. 24,000 per annum. Calculate the break-even points for output and sales, and show what profit will result if the output is 90% of capacity.
3. Critically evaluate the concept of Zero-Based Budgeting, highlighting its key features, process, advantages, and limitations. A
4. “Ratio analysis is a vital tool in financial statement analysis, used by stakeholders to assess a firm’s performance, liquidity, solvency, and profitability”. Discuss this statement with suitable examples and interpretations.
5. Define forensic accounting and explain its scope and significance in corporate governance and financial investigations. Illustrate your answer with an example of a real or hypothetical corporate fraud case where forensic accounting techniques is applied.
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