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Revised Question Paper Pattern of Economics Paper – III (Indian Economy)

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Revised Question Paper Pattern of Economics Paper – III (Indian Economy)

 

Question Paper Pattern

 

Maximum Marks: 75

Questions to be Set: 05

Duration: 2 ½ Hrs.

All Questions are Compulsory Carrying 15 Marks each.

 

 

Q-1

 

 

Objective Questions

A)   Sub Questions to be asked 10 and to be answered any 08 

B)    Sub Questions to be asked 10 and to be answered any 07

(*Multiple choice / True or False / Match the columns/ fill in the blanks)

 

 

15 Marks

 

Q-2

 

Q-2

 

 

Full Length Question

OR

Full Length Question 

 

15 Marks

 

15 Marks

 

Q-3

 

Q-3

 

 

Full Length Question

OR

Full Length Question 

 

15 Marks

 

15 Marks

 

Q-4

 

Q-4

 

Full Length Question

OR

Full Length Question 

 

15 Marks

 

15 Marks

 

Q-5

 

Q-5

 

Full Length Question

OR

Short Notes

To be asked 05

To be answered 03

 

15 Marks

 

15 Marks

 

 

Note: Full length question of 15 marks may be divided into two sub questions of 08 and 07 marks.

 

indian economy


Revised Question Paper Pattern of Taxation Paper – III (Direct Tax Paper – I)

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Revised Question Paper Pattern of Taxation Paper – III (Direct Tax Paper – I)

Question Paper Pattern

 

Maximum Marks: 75

Questions to be Set: 05

Duration: 2 ½ Hrs.

All Questions are Compulsory Carrying 15 Marks each.

 

 

Q-1

 

 

Objective Questions

A)    Sub Questions to be asked 10 and to be answered any 08

B)    Sub Questions to be asked 10 and to be answered any 07

(*Multiple choice / True or False / Match the columns/ Fill in the blanks)

 

 

15 Marks

 

Q-2

 

Q-2

 

 

Full Length Practical Question

OR

Full Length Practical Question

 

15 Marks

 

15 Marks

 

Q-3

 

Q-3

 

 

Full Length Practical Question

OR

Full Length Practical Question

 

15 Marks

 

15 Marks

 

Q-4

 

Q-4

 

Full Length Practical Question

OR

Full Length Practical Question

 

15 Marks

 

15 Marks

 

Q-5

 

 

Q-5

 

A)    Theory questions

B)    Theory questions

OR

Short Notes

To be asked 05

To be answered 03

 

08 Marks

07 Marks

 

15 Marks

 

 

Note:

  1. The Problems should not cover more than two heads of income & two deductions.
  2. Full length question of 15 marks may be divided into two sub questions of 08 and 07 marks.

Question Paper Pattern

Revised Syllabus of Taxation Paper – III (Direct Tax Paper – I)

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Revised Syllabus of Taxation Paper – III  (Direct Tax Paper – I)

 

3.5.4 Taxation Paper – III

Direct Tax Paper – I

 

Modules at a Glance

 

 

Sr. No. Modules No. of Lectures
1 Definitions u/s – 2

Basis of Charge

08
2 Exclusions from Total Income 07
3 Heads of Income 25
4 Deductions under Chapter VI – A 10
5 Computation of Total Income 10
Total 60

 


 

Sr. No Modules/ Units
1 Definitions u/s – 2 & Basis of Charge
  Definitions u/s – 2 

Section 2 –Assessee, Assessment Year, Assessment, Annual value, Business, Capital asset, Income, Person, Previous Year, Transfer

Basis of Charge

Section 3 – 9 – Previous Year, Residential Status, Scope Of Total Income, Deemed Income

2 Exclusions from Total Income
  Section 10 – restricted to, Agricultural Income, Sums Received From HUF By Member, Share of Profit from Firm, Casual & Non – Recurring Receipts, Scholarships, Income of Minor Child, Allowance to Members of Parliament and Legislative Assembly.

Note -Exemptions related to specific Heads of Income to be covered with Relevant Provisions.

3 Heads of Income
  Salary

Section 15 – 17, Including Section 10 relating to

House Rent Allowance, Travel Concession, Special Allowance, Pension – Commutation, Leave Encashment, Compensation, Voluntary Retirement, Payment from Provident Fund

Income From House Property

Section 22 – 27, Including Section 2 – Annual Value

Profits & Gains From  Business & Profession

Vocation Section 28-32, 36, 37, 40, 40A & 43B.

including.: Section 2 – Business

Capital Gains

Section 45, 48, 49, 50, 54 and 55

Income from Other Sources

Section 56 – 59

4 Deductions under Chapter VI – A
  80 A- Restriction on claim in Chapter VI- A deductions

80 C – Payment of LIC/PF and other eligible investments

80CCC – Contribution to certain Pension Fund

80D – Medical Insurance Premium

80 DD- Maintenance and medical treatment of handicapped dependent

80E – Interest on Educational Loan

80 TTA- Interest on Saving Bank account

80U –  Deduction in the case of totally blind or physically handicapped or mentally retarded resident person

5 Computation of Total Income
  Computation of Total Income Of Individual & HUF

Note:

  1. Relevant Law / Statute in force on 1st April immediately preceding commencement of Academic Year is applicable for ensuing examinations after relevant year.
  2. The syllabus is restricted to study of particular section/s, specifically mentioned in rules and notifications only.

direct_tax

Revised Question Paper Pattern of Financial Management – Paper – II

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Revised Question Paper Pattern of Financial Management – Paper – II

 

Question Paper Pattern

Maximum Marks: 75

Questions to be Set:05

Duration: 2 ½ Hrs.

All Questions are Compulsory Carrying 15 Marks each.

 

Q-1

 

 

Objective Questions

A)    Sub Questions to be asked 10 and to be answered any 08 

B)    Sub Questions to be asked 10 and to be answered any 07

(*Multiple choice / True or False / Match the columns/ Fill in the blanks)

 

 

15 Marks

 

Q-2

 

Q-2

 

 

Full Length Practical Question

OR

Full Length Practical Question 

 

15 Marks

 

15 Marks

 

Q-3

 

Q-3

 

 

Full Length Practical Question

OR

Full Length Practical Question 

 

15 Marks

 

15 Marks

 

Q-4

 

Q-4

 

Full Length Practical Question

OR

Full Length Practical Question 

 

15 Marks

 

15 Marks

 

Q-5

 

 

Q-5

 

A)   Theory questions

B)    Theory questions

OR

Short Notes

To be asked 05

To be answered 03

 

08 Marks

07 Marks

 

15 Marks

 

 

Note: Full length question of 15 marks may be divided into two sub questions of 08 and 07 marks.

Finance-Management

Revised Syllabus of Financial Management – Paper – II

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Revised Syllabus of Financial Management – Paper – II

 

 

3.5.3. Financial Management – Paper – II

Modules at a Glance

 

Sr. No. Modules No. of Lectures
1 Risk and Return 15
2 Leverage 07
3 Capital Structure Decisions 08
4 Cash Management 15
5 Receivable Management 15
Total 60

 

Sr. No. Modules / Units
1 Risk and Return
  IntroductionMeaning of Return

Types of Return- Holding Period Return, Annualized Return, Expected Return

Meaning of Risk

Types of Risk- Business Risk, Financial Risk, Interest Rate risk, Market Risk and Liquidity Risk

(Including Practical Problems)

2 Leverage
  IntroductionEBIT & EPS Analysis

Types of Leverages: Operating Leverage, Financial Leverage & Composite Leverage

Relationship between Operating Leverage and Financial Leverage

(Including Practical Problems)

3 Capital Structure Decisions
  MeaningChoice of Capital Structure. Importance

Optimal capital Structure

EBIT-EPS Analysis

Cost of Capital, Capital structure and Market Price of Share

Capital Structure Theories

Dividend Policy – Payout Ratio

4 Cash Management
  IntroductionMotives for holding cash

Aspects of cash management

Long terms cash forecasting

Reason for cash surplus

Cash management: Basic strategies, Cash Management Techniques/Processes, Marketable Securities

(Including Practical Problems)

5 Receivable Management
  IntroductionAspects of Receivable Management

Credit Policy, Credit Evaluation, Credit Granting decision, Control on Accounts Receivable

(Including Practical Problems)

Financial-Management-1

Revised Question Paper Pattern of Cost Accounting Paper – III

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Revised Question Paper Pattern of Cost Accounting Paper – III

 

Question Paper Pattern

 

Maximum Marks: 75

Questions to be Set:05

Duration: 2 ½ Hrs.

All Questions are Compulsory Carrying 15 Marks each.

 

Q-1

 

 

Objective Questions

A)   Sub Questions to be asked 10 and to be answered any 08

B)    Sub Questions to be asked 10 and to be answered any 07

(*Multiple choice / True or False / Match the columns/ Fill in the blanks)

 

 

15 Marks

 

Q-2

 

Q-2

 

 

Full Length Practical Question

OR

Full Length Practical Question

 

15 Marks

 

15 Marks

 

Q-3

 

Q-3

 

 

Full Length Practical Question

OR

Full Length Practical Question

 

15 Marks

 

15 Marks

 

Q-4

 

Q-4

 

Full Length Practical Question

OR

Full Length Practical Question

 

15 Marks

 

15 Marks

 

Q-5

 

 

Q-5

 

A)   Theory questions

B)    Theory questions

OR

Short Notes

To be asked 05

To be answered 03

 

08 Marks

07 Marks

 

15 Marks

 

 

Note: Full length question of 15 marks may be divided into two sub questions of 08 and 07 marks.

 

Cost Accounting

Revised Syllabus of Cost Accounting Paper – III

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Revised Syllabus of Cost Accounting Paper – III

 

3.5.2 Cost Accounting Paper – III

Modules at a Glance

 

Sr. No. Modules No. of Lectures
1 Uniform Costing and Inter-Firm  Comparison 10
2 Integrated System and Non Integrated System of Accounts 15
3 Operating Costing 10
4 Process Costing- Equivalent Units of Production and Inter-process Profit (FIFO Method) 15
5 Introduction to Emerging concepts in costing 10
Total 60

 

Sr. No Modules/ Units
1 Uniform Costing and Inter-Firm Comparison
  Uniform CostingMeaning of and need for uniform costing

Essentials for success of uniform costing

Advantages and limitations of uniform costing

Areas of Uniformity, Uniform cost manual

Simple practical problems

 

Inter-Firm Comparison

Pre requisites of inter firm comparison

Advantages and limitations

Simple practical problems

2 Integrated System and Non Integrated System of Accounts
  Integrated SystemMeaning

Advantages and disadvantages

Distinctive features

Journal Entries.

Simple practical problems

 

Non-Integrated System

Meaning

Advantages and disadvantages

Distinctive features

Cost control accounts to be prepared

Journal entries

Simple practical problems

3 Operating Costing
  Meaning of operating costingDetermination of per unit cost

Pricing of services

Collection of costing data

Simple practical problems based on costing of hospital, hotel,  goods and passenger transport  services

4 Process Costing- Equivalent Units of Production and Inter-process Profit (FIFO Method)
  Work in Progress and Equivalent Production (FIFO Method)Inter Process Profit

Simple practical problems

5 Introduction to Emerging concepts in costing
  Target CostingActivity Based Costing  (ABC)

Product Life costing

Excluding Practical Problems

cost

Revised Question Paper Pattern of Financial Accounting Paper – V

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Revised Question Paper Pattern of Financial Accounting Paper – V

 

Question Paper Pattern

Maximum Marks: 75

Questions to be Set: 05

Duration: 2 ½ Hrs.

All Questions are Compulsory Carrying 15 Marks each.

 

 

Q-1

 

 

Objective Questions

A)   Sub Questions to be asked 10 and to be answered any 08 

B)    Sub Questions to be asked 10 and to be answered any 07

(*Multiple choice / True or False / Match the columns/Fill in the blanks)

 

 

15 Marks

 

Q-2

 

Q-2

 

 

Full Length Practical Question

OR

Full Length Practical Question 

 

15 Marks

 

15 Marks

 

Q-3

 

Q-3

 

 

Full Length Practical Question

OR

Full Length Practical Question 

 

15 Marks

 

15 Marks

 

Q-4

 

Q-4

 

Full Length Practical Question

OR

Full Length Practical Question 

 

15 Marks

 

15 Marks

 

Q-5

 

 

Q-5

 

A)   Theory questions

B)    Theory questions

OR

Short Notes

To be asked 05

To be answered 03

 

08 Marks

07 Marks

 

15 Marks

 

 

Note: Full length question of 15 marks may be divided into two sub questions of 08 and 07 marks.

financial accounting

 


Revised Syllabus of Financial Accounting Paper – V

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Revised Syllabus of Financial Accounting Paper – V

3.5.1 Financial Accounting Paper – V

Modules at a Glance

Sr. No. Modules No. of Lectures
1 AS – 14 – Amalgamation, Absorption & External Reconstruction (excluding inter – company holding) 15
2 Internal Reconstruction 15
3 Underwriting of shares & debentures 10
4 Liquidation of Companies 10
5 Buy-Back of shares 10
Total 60

 


 

Sr. No Modules/ Units
1 AS – 14 – Amalgamation, Absorption & External Reconstruction (excluding inter – company holding)
  In the nature of merger and purchase with corresponding accounting treatments of pooling of interests and purchase method respectively.

Meaning and Computation of purchase consideration.

Inter-company debtors, creditors, loan, bills, loading in stock.

2 Internal Reconstruction
  Need for reconstruction and company law provisions

Distinction between internal and external reconstructions.

Methods including alteration of share capital, variation of shareholder rights, sub division, consolidation, surrender and reissue / cancellation, reduction of share capital with relevant legal provisions and accounting treatment for same.

3 Underwriting of shares & debentures
  Introduction, Underwriting, Underwriting Commission

Provision of Companies Act with respect to Payment of underwriting commission

Underwriters, Sub-Underwriters, Brokers and Manager to issues

Types of underwriting, Abatement Clause

Marked, Unmarked and Firm-underwriting applications,

Liability of the underwriters in respect of underwriting contract

Practical problems

4 Liquidation of Companies
  Meaning of liquidation or winding up

Preferential payments

Overriding preferential payments

Preparation of statement of affairs, deficit / surplus account

Liquidator’s final statement of account

5 Buy Back of Shares
  Company Law / Legal provisions (including related restrictions, power, transfer to capital redemption reserve account and prohibitions)

Compliance of conditions including sources, maximum limits and debt equity ratio.

Cancellation of Shares Bought back

(Excluding Buy Back of minority shareholding)

 

Note: Relevant Law / Statute & Accounting Standards in force on 1st April of every Academic Year shall be applicable for examination.

financial accounting 1

Revised Syllabus and Question Paper Pattern of TYBAF Sem 5

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Hello BAFites,

Mumbai University has revised the syllabus of TYBAF from the academic year 2015-16. The detailed syllabus and individual question paper pattern of each subject of TYBAF Sem 5 can be checked at :

TYBAF Sem 5 Syllabus and Question Paper Pattern

The syllabus is formulated and approved by Board of Studies in Accountancy, University of Mumbai.

BAF students will have their sem 5 university exams in the month of October/November and they can make use of this syllabus for their exam preparation.

Revised Syllabus and

Question Paper Pattern of Courses of B.Com. (Accounting and Finance) Programme

at

Semester V

 

Course

No.

Title of the Course
3.5.1 Financial Accounting Paper  – V
3.5.2 Cost Accounting Paper – III
3.5.3 Financial Management  Paper – II
3.5.4 Taxation Paper – III

Direct Tax Paper – I

3.5.5 Auditing Paper – III
3.5.6 Management Paper – II

(Management Applications)

 

With effect from Academic Year 2015-2016

 

TYBAF syllabus

FYBAF 2015 Cutoff First Merit List of M.L. Dahanukar College

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M.L. Dahanukar College or Parle Commerce College was established in June 1960. The college has 4 sections: Junior college, degree college, Self Financing course, post-graduation. The college aims to be the leading educational institution in the field of commerce, to engender and nurture values for fostering knowledge and skills towards the attainment of wisdom and to empower the youth to scale-up to excellence by imparting quality education.

FYBAF 2015 Cutoff First Merit List of M.L. Dahanukar College:

  1. SC – 475 marks
  2. ST – 294 marks (list exhausted)
  3. DT / VJ / NT (A) – 305 marks (list exhausted)
  4. NT (B) – 490 marks
  5. NT (C) – 489 marks
  6. NT (D) – 424 marks
  7. OBC – 521 marks
  8. SBC – 518 marks
  9. SPECIAL – PARKAR ANUJ MILIND, PATEL NILAY VIKRAM, SHAH OAJ AJAY, JAYESH SANTOSH MORE
  10. OPEN – 542 marks (83.38%)

 

FIRST MERIT LIST CUT OFF_BAF_BBI_BFM_BScIT-page-001

Fybaf-First-Merit-List-Of-M-l-Dahanukar-College

TYBAF Sem.-V (75:25) CBSGS April 2015 Exam Results Declared

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TYBAF

Mumbai University has declared the results of TYBAF Sem 5 CBSGS 75:25 pattern ATKT exams at its official website mu.ac.in.

BAF students who had appeared for the ATKT exams of Sem 5 in April 2015 can check their results in the below link:

http://results.mu.ac.in/choose_nob.php?exam_id=3613&exam_year=2015&exam_month=APR

BAF.co.in wishes all the best for exam results.

If you haven’t passed in the TYBAF exams of ATKT Sem 5, please don’t lose hope as you have got chances to improve your ATKT.

You can appear for the ATKT exams again in October/November 2015, results of which will be declared in February 2016.

If you have passed in the KT exams, then congratulations for your success!

TYBAF Sem 5 & Sem 6 Syllabus of 2014-15 For ATKT Students

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TYBAF Syllabus

Hello BAFites,

Mumbai University has revised the syllabus of BAF Sem 5 and Sem 6 from the year 2015-16. If you are a TYBAF student of 2014-15 or its previous batch and have got ATKT in Sem 5 or Sem 6 then your search ends here. We present here the names of the subjects and the detailed syllabus which you can refer and start your exam preparation.

TY BAF Sem. 5

  • 5.1 Financial Accounting – Paper – VI
  • 5.2 Cost Accounting Paper-III
  • 5.3 Financial Accounting Paper- V
  • 5.4 Management Accounting Paper – II Financial Statement Analysis
  • 5.5 Taxation Paper-III Direct Tax Paper I
  • 5.6 Economics Paper-III Indian Economy

 

TY BAF Sem. 6

  • 6.1 Financial Accounting Paper – VII
  • 6.2 Cost Accounting Paper – IV
  • 6.3 Auditing Paper – IV
  • 6.4 Financial Accounting Paper – VIII
  • 6.5 Taxation Paper IV Direct Tax Paper II
  • 6.6 Management Paper II Principles Of Management & Applications

 

You can download the detailed syllabus from the below links:

Download (PDF, 359KB)

Download (PDF, 211KB)

Management Paper II October 2012 Mumbai University TYBAF Question Paper

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TYBAF

Hello TYBAFites,

If you are looking for Management Paper II October 2012 Mumbai University TYBAF Question Paper then your search ends here.

Management Paper II October 2012:

Q.1) Case Study: – 15 marks
Karol Bagh in Delhi is a middle class locality and the residents often shop their requirement on roads, where the hawkers do brisk business handicrafts, woolen wear, hosiery and garments are available in plenty on road, along with food items. 
The shops in Karol Bagh cater to upper middle class and the rich class though, rich class is very sparsely noted there. So, the shop owners are a hassled lot, who finds the competition from unorganised sector, that is hawking community a headache to handle.
Though brands such as Nike, Pantaloons are available in shops, the buyers are rare to find and it is only rich class who is settling to buy the brands. But the area being predominantly middle class, such visits of the rich class is rather rare few showrooms of branded goods do make the presence felt, but it is the road or hawking sector that is doing well in Karol Bagh.
Taking view of above, identity and suggest 
(a) The reasons the shops in Karol Bagh are not doing well and the challenge they face.
(b) The promotion management the shops should carry out and the various channels they could utilise.
(c) Place management that can be carried out.

Q.2) Match the following:  5 marks

a. Place Management 1. Bonds
b. Working Capital Finance 2. Transportation
c. Inventory Management 3. Commercial Paper
d. Performance Appraisal 4. ABC Analysis
e. Capital Markets 5. Written Test

Q.3) Fill in the gaps. – 1 mark
Logo is ____ of the product.
(1) identity 
(2) placing
(3) naming
(4) marketing.

Q.4) Fill in the gaps. – 1 mark
Advertising is the _____ of the product or service.
(1) availability 
(2) selling
(3) promotion 
(4) placing.

Q.5) Fill in the gaps. – 1 mark
Layout refers to ____ of the plant.
(1) sight 
(2) look
(3) architecture 
(4) discipline.

Q.6) Fill in the gaps. – 1 mark
Quality is ______ expectations of customer.
(1) knowing 
(2) overlooking
(3) lying 
(4) fulfilling.

Q.7) Fill in the gaps. – 1 mark
Recruitment is ____ of Human Resources.
(1) throwing out 
(2) shifting
(3) employing 
(4) filling.

Q.8) What is productivity ? Explain the measurement of productivity. – 15 marks

Q.9) What is total Quality Management? What are the various steps for implementing TQM? – 7 marks

Q.10) Explain the scope of HRM. – 8 marks

Q.11) Explain the various functions of Human Resource Planning. – 7 marks

Q.12) Explain the sources of Long Term Finance. – 8 marks

Q.13) Discuss the importance of Capital Market in any given economy. – 7 marks

Management Paper II October 2013 Mumbai University TYBAF Question Paper

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TYBAF Question paper

Hello TYBAFites,

If you are looking for Management Paper II October 2013 Mumbai University TYBAF Question Paper then your search ends here.

Management Paper II October 2013:

Q.1) Select the right choice: 1 mark
One of the following is carried by marketing.
(i) Production 
(ii) Advertising
(iii) Bill payment 
(iv) Labour relations.

Q.2) Select the right choice: 1 mark
Which of the following is place management
(i) Segmentation 
(ii) Positioning
(iii) Distribution 
(iv) Pricing.

Q.3) Select the right choice: 1 mark
One of the following is core function of production.
(i) Planning 
(ii) Selling
(iii) Financing 
(iv) None.

Q.4) Select the right choice: 1 mark
If the following is not carried out Human Relations may not be ideal in an organisation.
(i) Labour relations 
(ii) Public relations
(iii) Community relations 
(iv) None.

Q.5) Select the right choice: 1 mark
Which of the following is not a constituents of capital markets
(i) Bonds 
(ii) Commercial paper
(iii) Shares 
(iv) Metals.

Q.6) Match the following:

a. Promoting 1. Debt
b. Pricing 2. Advertising
c. Staffing 3. Rejection
d. Quality 4. Recruiting
e. Long term finance 5. Cost

 

Q.7) Fill in the gaps. 1 mark
____ is vital in marketing management.
(i) Production 
(ii) Product
(iii) Sales 
(iv) Promotion.

Q.8) Fill in the gaps. : 1 mark
Production management is incomplete without
(i) Product 
(ii) Productivity
(iii) Costs 
(iv) None.

Q.9) Fill in the gaps. : 1 mark
Human Resources are ____ the human of the organisation.
(i) Inventory 
(ii) Assets
(iii) Liability 
(iv) Machines.

Q.10) Fill in the gaps. : 1 mark
____ is a source of working capital finance.
(i) Equity 
(ii) Long-term debt
(iii) Preference shares 
(iv) None.

Q.11) Fill in the gaps. : 1 mark
____ does not become a constituent of capital markets.
(i) Shares 
(ii) Futures
(iii) Real estate 
(iv) None.

Q.12) Case study. : 4 marks
Milk is available in the country in plenty. But the difficulty with milk is-it goes bad if not handled properly. It has short life. In fact, India is the largest producer of milk, but its consumption is not matching production.
(i) Why is milk not matching consumption with production?
(ii) What is the problem with milk ? How can it be solved?

Q.13) Explain the concept of product-life cycle in details. – 4 marks

Q.14) What is the difference between production and productivity? Explain. – 8 marks

Q.15) What are the factors to be considered under plant location? Discuss. – 7 marks

Q.16) Explain methods of performance appraisal. – 8 marks

Q.17) What is man-power planning under Human Resource management? – 7 marks

Q.18) Describe the sources of working capital finance. – 8 marks

Q.19) Explain the process of dematerialisation of shares and its benefits. – 7 marks

Q.20) Explain the constituents of capital markets. – 8 marks

Q.21) What are futures and options ? What is the benefit under it ? – 7 marks


Auditing Paper III October 2012 Mumbai University TYBAF Question Paper

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TYBAF Question paper

Hello TYBAFites,

If you are looking for TYBAF Question paper of Auditing Paper III then your search ends here.

AUDITING PAPER III:

Q.1) As an Auditor of Paper lndia Private Limited, read and interpret the following Ledger in their books. Also, mention the documents to be examined by the Auditor while reading the said account: 8 marks

Q.2) State the important points to be checked by the Auditor while reading Fixed Assets Accounts of a pen manufacturing company. – 8 marks

Q.3) Discuss the provisions of Companies Act, 1956 pertaining to appointment of a Statutory Auditor. – 7 marks

Q.4) Briefly explain the special points to be considered while conducting the audit of a Cinema Hall. – 7 marks

Q.5) Fill in the blank from the options given and rewrite the entire sentence. – 1 mark
Amount of salary remaining unpaid as on Balance Sheet date pertaining to the last month of the accounting year is______
(a) added to Salary Expenses. (b) deducted from Salary Expenses.
(c) Shown as a Current Asset. (d) treated as income.

Q.6) Fill in the blank from the options given and rewrite the entire sentence. – 1 mark
To support Repairs and Maintenance Expenses _____ be accepted as documentary evidence. 
(a) hotel bill. (b) air ticket.
(c) labour bill. (d) Articles of Association.

Q.7) Fill in the blank from the options given and rewrite the entire sentence. – 1 mark
Audit working papers is the property of _____
(a) Central Government (c) Board of Directors
(b) lnvestigator (d) Auditor.

Q.8) Fill in the blank from the options given and rewrite the entire sentence. – 1 mark
“No opinion Audit Report” is also known as _____
(a) Negative Opinion Report, (c) Adverse Opinion Report,
(b) Disclaimer of Opinion, (d) Partial Opinion Report,.

Q.9) Fill in the blank from the options given and rewrite the entire sentence. – 1 mark
For the purpose of applicability of provisions of tax audit under lrrcome Tax Act, ‘1961, film acting in held to be a _____
(a) profession (b) business
(c) either profession or business (d) income from salary.

Q.10) State true or false. – 1 mark
A shareholder of a company cannot be appointed as the Statutary Auditor of the company.

Q.11) State true or false. – 1 mark
An Auditor is responsible for preparation of Balance Sheet of a company.

Q.12) State true or false. – 1 mark
Cash in Hand Account will never have Credit Balance.

Q.13) State true or false. – 1 mark
A partnership firm, where at least one partner is a Chartered Accountant can be appointed as Statutary Auditor of a company.

Q.14) State true or false. – 1 mark
To carry out the audit u/s 44 AB of lncome Tax Act, 1961, the Auditor has to be a Chartered Accountant.

Q.15) Match the column- – 5 marks

a. Hospital bed charges 1. Property Register
b. Theatre’s Income 2. Stock Register
c. Rent lncome 3. Patients Register
d. Scrap Sales 4. Investment Register
e. lnterest lncome 5. Ticket Sale Register.

 

Q.16) Explain “SA 501 Audit Evidence – Additional Considerations for specific items”. – 8 marks

Q.17) Explain the duties of the Auditor to vouch the expenses of a School. – 7 marks

Q.18) State the rights available to Statutory Auditor under the Companies Act, 1956. – 8 marks

Q.19) Elaborate the basic elements of a qualified report. – 7 marks

Q.20) State the duties of an Auditor to report in Form No. 3CD (under Tax Audit) with regard to Loan taken by the Assessee. – 4 marks

Q.21) State the duties of an Auditor to report in Form No. 3CD (under Tax Audit) with regard to Loan repaid by the Assessee. – 4 marks

FYBAF Sem 1 Syllabus : Financial Accounting Paper 1

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FYBAF Sem 1 syllabus

In FYBAF Sem 1, you get to study the Financial Accounting Paper 1. Financial Accounting or Accountancy is nothing but the preparation of financial statements so that the stakeholders, business owners, banks, employees understand the important financial information which will eventually help them to take appropriate decisions for the organization’s progress.

Here we present Financial Accounting Paper 1 Syllabus:

  1. Accounting standards issued by ICAI and Inventory valuation
    1. Accounting Standards:

Concepts, benefits, procedures for issue of accounting standards   Various AS :

 AS – 1: Disclosure of Accounting Policies

(a) Purpose. (b) Areas of Policies. (c) Disclosure of Policies.

(d) Disclosure of Change in Policies. (e) Illustrations

                   AS – 2: Valuation of Inventories (Stock)

(a) Meaning, Definition.  (b) Applicability. (c) Measurement of Inventory.

(d) Disclosure in Final Account. (e) Explanation with Illustrations.

AS – 9: Revenue Recognition

(a) Meaning and Scope. (b) Transactions excluded. (c) Sale of Goods.

(d) Rendering of Services. (e) Effects of Uncertainties. (f) Disclosure. (g) Illustrations.

 

  1. Inventory Valuation

Meaning of inventories, Cost for inventory valuation

Inventory systems : Periodic Inventory system and Perpetual Inventory System

Valuation: Meaning and importance, Methods of Stock Valuation as per AS – 2 :

FIFO and Weighted Average Method

Computation of valuation of inventory as on balance sheet date:

If inventory is taken on a date after the balance sheet or before the balance sheet

  1. Final Accounts

2.1   Expenditure

a) Capital, b) Revenue Receipts

a) Capital  b) Revenue

2.2   Adjustment and Closing entries

2.3   Final accounts of manufacturing concerns (Proprietary firm)

 

  1. Accounting from Incomplete Records

Introduction, Problems on Preparation of Final Accounts of Proprietary Trading Concern. (Conversion Method)

 

  1. Fire Insurance Claims

Computation of Loss of Stock by Fire, Ascertainment of Claim as per the Insurance Policy

Exclude : Loss of Profit and Consequential Loss

TYBAF Second Half 2015 Exam Dates Declared

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TYBAF

Dear TYBAFites,

Here is some good news for you!

Mumbai University has declared the dates of Second Half 2015 exams of TYBAF Sem 5 CBSGS, TYBAF Sem 5 ATKT, TYBAF Sem 6 ATKT, TYBAF Sem 6 CBSGS ATKT on 12th August 2015 at its official website.

BAF Exam dates of Second Half 2015 are as follows:

  • B.Com (Accounting and Finance) (Sem 5) – 29/10/2015
  • B.Com (Accounting and Finance) (Sem 5) (CBSGS) (60:40 & 75:25) – 29/10/2015
  • B.Com (Accounting and Finance) (Sem 6) ATKT – 17/11/2015
  • B.Com (Accounting and Finance) (Sem 6) CBSGS 60:40 & 75:25 – 17/11/2015

You can check the official circular at: http://mu.ac.in/portal/wp-content/uploads/2014/03/examscsh1022015.pdf

BAF.co.in wishes all the best to all BAFites for their third year exams!

The exam timetables will be put up in website mu.ac.in soon.

TYBAF Sem 6 ATKT November 2015 Exam Timetable

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TYBAF

Dear BAFites,

Mumbai University has announced the exam timetable of B.Com (Accounting and Finance) Semester 6 ATKT at its official website – mu.ac.in

17th November 2015, Tuesday – 3pm to 5pm – Financial Accounting Paper VII

18th November 2015, Wednesday – 3pm to 5pm – Cost Accounting Paper IV

19th November 2015, Thursday – 3pm to 5pm – Auditing Paper III (Advanced Auditing)

20th November 2015, Friday – 3pm to 5pm – Financial Accounting Paper VIII

23rd November 2015, Monday – 3pm to 5pm – Taxation Paper IV – Direct Tax Paper II

24th November 2015, Tuesday – 3pm to 5pm – Management Paper II – Principles of Management and Applications

 

Note:

The candidates appearing for the examination should report 15 minutes before the start of the examination. Mobile phones and other electronic gadgets are prohibited in the exam hall. Change if any, in the timetable shall be communicated on the university website.

You can download the timetable at 

Download (PDF, 14KB)

BMS & BAF : Meterdown Annual Festival – 7th Edition Kickstarts Today!

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The BMS and BAF department of R.D National College Bandra(W) present their inter-collegiate annual festival- Meterdown.

It is a coming together of like-minded students from colleges all over Mumbai, where they compete in high spirits to win the final shield proclaiming one champion.

After completing six successful years, Meterdown is back with its seventh edition.

One of the oldest colleges affiliated to the University of Mumbai, Rishi Dayaram & Seth Hassaram National College of Art and Commerce & Seth Wassiamulla Assomull Science College, popularly known as National College, is an educational institute located on Linking Road, Bandra West.

Our principal, Mrs. Dr. Neha Jagtiani is the backbone of our festival and without her guidance, support and best wishes, Meterdown would just be a dream. Our principal believes in encouraging such fests because it helps in building the overall personality of a student and also helps in better academic learning through well crafted events.

Our Vice-principal, Mrs.Lakshmi Iyer makes sure that no effort goes unnoticed and stands as a role model for all of us.

Our teachers, Mrs. Nikisha Kukreja (BMS Coordinator), Mr. Mukesh Kanodia (BAF Coordinator) Mrs. Krupa Shah and Mr. Vinod Adagle, have been the biggest pillars of strength for us.

MeterDown Team

With our theme, SEO TO CEO, Meterdown’20 aims to educate the future managers of the country about SEO (Search Engine Optimization)- the most important and efficient marketing tool marketers possess. Our events will reflect how it leads an individual to the path of success.

The theme this year, also gives an insight into the management aspect of SEO.

Meterdown’20 consists of management related events that consists of all three categories like Academics, Sports and Performing Arts. Adotronica, Jam, Drift and Stroll, Stock Expo, Never say never and Colourazi are the Academic events this year.

Similarly, Beatbox1.0, Roast the toast, Zoom barabar zoom, Md unplugged, funk fusion, Fbb miss femina, Hop’till you drop and the Me’d gala are the eight cultural events.

The sports events are Carrom, Table tennis, Box cricket, Minute to win it, Pump it up, Rink football, Badminton and Quickescape.

The major highlighted events of Meterdown’20 are Jam, the Me’d gala and Fbb Femina Campus Princess that would definitely sweep you off your feet when you

MeterDown

witness them!

Along with working towards educating about our theme, team Meterdown’20 has contributed towards CSR activities like serving food at the gurudwara on the auspicious day of Guru Nanak Jayanti, spending time with (underprivileged) children on Christmas, beach cleaning and many more.

 So, get ready to witness a breathtaking festival that offers exciting opportunities to showcase your talent and have a time of your life.

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