IGNOU MTTM-5 SOLVED ASSIGNMENT 2021-22

 

MTTM-5: ACCOUNTING AND FINANCE FOR MANAGERS IN TOURISM SOLVED ASSIGNMENT 202122

          Course Code: MTTM-5/MTM-5                                Programme: MTTM/MT Total Marks: 100                                             Assignment Code: MTTM 5/MTM 5/TMA/2021

Note: This TMA consists of ten questions, out of which you have to attempt any five. The question carries 20 marks each and should be answered in about 500 words. Send your TMA to the Coordinator of your Study Centre.

1. Give an account of the various personnel working in the accounting department of an organisation. Explain the role and activities of an accountant.  

2. Why accounting practices should be standardized? Explain any three fundamental accounting concepts.

3. What are the major purposes of accounting information? How is information about earnings useful?  

4. What do you mean by a balance sheet? Explain the various terms used in a balance sheet.  

5. Write short notes on the following in about 150 words each:  

a. Linkage between balance sheet and Profit and Loss account

b. Bad Debt

c. Operating Profit and Net Profit

d. Inventory Valuation

6. Why Finance is considered to be the backbone of business? Discuss the scope of financial management.  

7. Define the term ‘Budget’. Explain the concept of Zero Base Budgeting.

8. What are the criteria for judging an investment proposal? Discuss two main methods of evaluating investment proposals.

9. What are the various forms of dividend? Describe the factors affecting dividend decisions.  

10. Explain with suitable examples how you will manage Cash Flow in tourism business.

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