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Ms 09 Solved Assignment Dec 2013

 

1. Take an organization of your choice & find out how the Accounting Reports are prepared by them and how these reports are useful for managers while making decisions relating to the activities of a Business.

Accounting

 has been defined as "-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------, and other obligations to sales revenue and owners' equity. An understanding of the financial data contained in accounting documents, then, is regarded as essential to reaching an accurate  picture of a business's true financial well-being. Armed with such knowledge, businesses can make appropriate financial and strategic decisions about their future; conversely, ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- reflected in the words of the American Institute of Certified Public Accountants (AICPA), which defined accounting as a "service activity."

The organization I am referring here is MSA Safety Company. Which deals in providing safety products. I am here going to discuss followed by MSA Safety company for preparing Accounting reports.

Objective of an Accounts Preparation Engagement

The objective of -------------------------------------------------------------------------------------- expertise (as opposed to auditing expertise) to collect, classify and summarise financial information.

This ordinarily entails reducing -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------. However, users of the compiled financial information derive some  benefit as a result of the chartered accountants' involvement because the service has been performed with professional competence and due care.

General Principles of an Accounts Preparation Engagement

1. The chartered ------------------------------------------------------------------------------ Code of Ethics. 2. Ethical principles governing ----------------------------------------------- of engagement are:

(a) Integrity-

 A professional accountant --------------------------------------------------------------------------- relationships.

(b) Objectivity-

 A professional --------------------------------------------------------------------------------------------------- to override  professional or business judgements.

(c) Professional Competence and Due Care-

 A -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------n and techniques. A professional accountant should act diligently and in accordance with applicable technical and professional standards when providing professional services.

(d) Confidentiality-

 A professional ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- a legal or professional right or duty to disclose. Confidential information acquired as a result of professional and business relationships should not be used for the personal advantage of the professional accountant or third  parties.

(e) Professional Behaviour-

 A ------------------------------------------------------------------------------------------------- and should avoid any action that discredits the profession. 3. Independence in the strict sense ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- (Scotland) Regulations 2006, they must be independent of the charity. In such circumstances, the chartered accountants must satisfy the independence requirements of sections 280 and 290 of the ICAS Code of Ethics. 4. There are certain factors which threaten objectivity in any professional role. These are: (a) Family, other ----------------------------------------------------------------------, owners or employees; (b) Loans or guarantees ---------------------------------------------------------------------------------- (including outstanding fees); (c) Beneficial ------------------------------------------------------------------------- of the client entity;

 

Course Code : MS-02

Course Title : Management of Human Resources

Assignment Code : MS-02/TMA/SEM-I/2018

Coverage : All Blocks

Note : Attempt all the questions and submit this assignment on or before 30

th

 April, 2018 to the coordinator of your study center.

1.

Explain the process of human resource planning. Describe how HR forecast is carried out in the organisation you are working with or an organisation you are familiar with. 2.

Discuss the concept of ‘performance appraisal’. Explain any two methods of performance appraisal that you are

familiar with citing suitable organisational examples. 3.

Define mentoring and distinguish it from performance coaching. Assume you are responsible for mentoring of employees in a large organisation. Discuss how you will make mentoring a strategic function. Illustrate. 4.

Discuss the laws covering wages. Analyse the recent amendments and trends in laws covering wages inIndia. 5.

Critically evaluate the state of workers’ participation in Management in the present day business scenario.

Explain with examples your answer giving due details of the organizations and the sources you are referring to. 6.

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Course Title : Economic and Social Environment

Assignment Code : MS-03/TMA/SEM-I/2018

Coverage : All Blocks

Note : Attempt all the questions and submit this assignment on or before 30

th

 April, 2018 to the coordinator of your study center.

1.

Discuss the critical elements of macro-economic policies. How economic environment gives a direction to the changes in the economic planning? 2.

Differentiate between Economic Growth and Economic Development. Why is growth and development synonymously used in economic discussion? 3.

Discuss the genesis of mixed economy framework in India. 4.

“An important factor which influences the Balance of Payment of 

 an economy is the exchange rate of its currency vis-à-

vis other major currencies”. Explain the statement given above.

5.

How the twin objective of equity and justice was met by the economic reforms of 1991? Explain. 6.

Write short notes on the following: (i) Trade Union Movement

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