Year: 2017

Alhamd O LILLAH Paper Done ^_^

total questions were 23 ,

5 subjective 18 mcq's

What is double entry (3)

What is fairness in the context of auditor report (3)
calculate cash flow data were given (5)
making balance sheet data were given (5)
abi bhool gai :( yaad kr k share krti hon :(

Year: 2016
Overall paper was easy included subjective Question i remember are:
MCQ regarding
cash flow statment and LIFO FIFO Waighted Avgs, & periodic inventory system , perpetual
inventory system
Subjectives:
Trial balance given asked to make BALANCE SHEET
Trial balance given asked to pass adjusting entries on closing
a. Depreciation expense
b. expence accounts

Read more at
Year 2016
Fin 621
Find Dividend yield ?
Find debt to equity ratio?
What does fairness means in audit report?
Debt to total assets?
Equity to total assets?
Income statement given and compare it using vertical analysis?
Year 2016

Fin 621
Mcqs were too easy and consptual mostly
Mcqs are in the journl nd cash flow nd quick nd currnt ratios..
 Q1 charactristics of fixed assets
Q2 requair income statemnt
Q3 identify the assets laibilites nd owner equity
Q4 requair fifoo given statmnt
Last question about operation statmnt jo k mjhy ni ata tha

Final Paper Fin621 2016

My today paper 24-8-2014 8:00 am
total Question 55
46 MCQs
Subjective paper
3 marks Questions
1. Three advantages of limited company
2. Financial analyst use trend data and ratio analysis for what purpose?
3. if company issued common stock on discount what will be its effect on book value of common
stock?
4. In A/Receivables turnover ratio, average receivables is used in it. If ( explain nae krny aa raha)
5 marks Questions
1. Write five distinguishing features of common stock and preferred stock
2. calculate Current ratio and quick ratio from the given balance sheet.
3. Find Debt ratio and Debt equity ratio from the data given.
4. Prepare a comparative income statement for year 1999 and 2000 from given data by vertical
analysis.
5. Assume that you are a commercial loan officer at a large bank. One of your clients recently
submitted an application for Rs. 300,000 five year loan. You have worked with this business
before on numerous occasions and have periodically been forced to deal with late and missed
payments attributed to cash flow problems. Thus you are surprised to see in the business plan
accompanying the application that the management expects to reduce the company s operating
cycle from 190 days to 90 days. A footnote to the business plan indicates that the reduction in the
operating cycle will result from a tighter credit policy and the implementation of a just-in-time
inventory system.
Requirement:
Would the company be able to reduce the operating cycle by applying the new strategy and
would you give the loan to the company on this basis? (5 Marks)
[As the company has reduced its operating cycle from 190 days to 90 days which has tightened
the credit policy, as a result of which sales of the company will be reduced which will decrease
the revenue of the company and profit of the company will also be decreased. Implementations
of just in time inventory system will also tight the liquid position of the company. Keeping in
view this situation, application for loan of Rs. 300,000 will not be approved by the bank.]
June 2014 Mid paper

MY TODAY'S PAPER
18 MCQS MOST WERE NEW CONCEPTUAL.
1.VALUES WERE GIVEN TO PASS JOURNAL ENTRIES AND PREPARE BALANCE
SHEET.
2.VALUES WERE GIVEN EXCEPT FOR THE RATE OF DEPRECIATION AND WE WERE
ASKED TO CALCULATE DEPRECIATION USING DIMINISHING BALANCE METHOD.
3.ASKED TO WRITE THREE FACTORS WHICH CREATE DIFFERENCE IN INCOME
STATEMENT AND CASH FLOW STATEMENT.
4.IS IT POSSIBLE THAT INCOME STATEMENT SHOW A NET LOSS AND CASH FLOW
STATEMENT SHOWING A POSITIVE CASH BALANCE.ALSO HAD TO WRITE AN
EXAMPLE.
5.VALUES WERE GIVEN I.E NET SALES AND ACCOUNT RECEIVABLES INCREASED
BY SOME AMOUNT.WE WERE ASKED TO SHOW THE NET CASH INFLOW
RESULTING FROM THESE TRANSACTIONS