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HOW TO PREPARE OPEN BOOK IPR PAPER (CS Professional Programme)

on November 07, 2017

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Professional Programme

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QUESTIONS AND ANSWERS FINANCIAL MANAGEMENT (Theory)

QUESTIONS AND ANSWERS FINANCIAL MANAGEMENT(Theory)
YEAR-DEC-2003:

1.“Liquidity and profitability are competing goals for the finance manager” comment.
·Liquidity ensures the ability of the firm to honour it’s short term commitments, that means, the firm has adequate cash, to pay for it’s bills, to make unexpected large purchases and to meet contingencies, at all times.
·It also reflects the ability of the firm to convert its assets into cash and pay off liabilities quickly.
·Under liquidity management, the finance manager is expected to manage all its current assets including near cash assets in such a way as to ensure its effectively with the view to minimize its costs.
·Under profitability objective, the finance manager is expected to utilize the funds of the firm in such a manner as to ensure the highest return.
·However, the two objectives of the liquidity and profitability have inverse relationship
·If liquidity increases profitability decreases and vise-a-versa.
2.“Depreciation is a part…

New practical problems in Company Law, realy useful to CS Executive Programme and Professional Programme Students

Q.No.51. DJA Co. Ltd. is holding 40% of total equity shares in MR Co. Ltd. The Board of Directors of MR Co. Ltd. (incorporated on 1.1.1998) decided to raise the paid-up Equity Share Capital by issuing further shares and also decided not to offer any shares to DJA Co. Ltd. on the ground that it was already holding a high percentage of shares in MR Co. Ltd. Articles of Association of MR Co. Ltd. provides that the new shares be offered to the existing shareholders of the Co. On 1.3.2001 new shares were offered to all the shareholders excepting DJA Co. Ltd. Referring to the provisions of the Companies Act, 1956 examine the validity of decision of Board of Directors of MR Co. Ltd. of not offering any further shares to DJA Co. Ltd.
Sol.: The question is based on Sec.81 of the Companies Act. As per Sec.81 if, at any time after the expiry of 2 years from the formation of the Company or after the expiry of 1 year from the first allotment of shares, which is earlier it is proposed to raise capit…

Download CS Professional Programme Tax Notes Prepared by CA R Giridharan FCA

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