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IGNOU MMPC-04 (July 2025 – January 2026) Assignment Questions
1. Explain the fundamental accounting concepts that underpin the preparation of financial statements in detail, providing suitable examples for each.
2. A factory manufacturing fans 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.
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.
IGNOU MMPC-04 (July 2024 – January 2025) Assignment Questions
1. What are the objectives of preparing Financial Statements? Describe the basic concepts of income determination.
2. In context of Cash Flow Statement, what is cash and cash equivalent? In what categories cash flows are classified and explain how cash flow in each activity is calculated as per AS-3. Describe how cash flow statement is prepared under Direct Method.
3. What is an Annual Report? Discuss in brief the contents of an annual report and describe the non audited information contained in an Annual Report of any company.
4. What is Human Resource Accounting? How can it be used as a decision tool by Management?
5. A) Compute Profit when –
B) Compute Sales When –
