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My final term paper of MGT 401 on 30-08-16
Short Questions.
1.Briefly explain as per IAS-7,the procedure of computing cash flows from operating activities? 5marks
2. Classify the expenses according to their function as per part III of the scheduale of copmpanies ordinance 1984? 5marks
3. Enlist five major clasification of expenses presented on the face of an income statement as per IAS-I? 5marks
4. What isaccounting treatment of asset and lease payment under finance lease in the book of lease? You are also required to explain how the depreciation is recorded in the book of lessor? 5marks
5. Define contingent liabilities as per IAS 37.You are also required the treatment of contingent liabilities? 5marks
6. Enlist the man components of COST OF GOOD SOLD? 3marks
7. Recall your mind to the concept of non-current liabilities 4th scheduale of companies ordinance 1984 and classify non-current liabilities under appropriate subhead? 3marks
8. Enlist any six QULAITATIVE CHRACHTRISTIC that financial statement should posses? 3marks
9. Using the following information determine earning per share for the year 2007
Paid up capital 1st jan 2007 124000 share each Rs.10
Fresh issue of capital on 31st march 2007= 24000 each Rs.10
Profit before tax= 330000
Tax rate= 10%

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