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Financial Accountancy
1. What are the foreign currency transaction and translation exposures? Describe the accounting treatment for these exposures.
2. How is MODVAT credit availed shown in financial statements?
3. Distinguish between funds flow and cash flow statement.
4. Study journalisation process of a manufacturing company. Show the process with the help of a flow diagram.
5. Discuss the salient features of Accounting Standard 6 (AS-6) on Depreciation Accounting.
6. Collect financial statements of ten companies in a fast moving consumer goods industry and critically analyze their depreciation policy.
7. What is deferred tax liability? How is it different from current tax liability?
8. Discuss the accounting treatment of government grants relating to depreciation fixed assets.
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