Commerce Paper 4.5 (B) : Innovations in Accounting

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67067/D070
!67067D070! Reg. No.
IV Semester M.Com. Examination, July - 2019

COMMERCE
Paper 4.5(B) : INNOVATIONS IN ACCOUNTING
Time : 3 Hours Max. Marks : 80
SECTION - A
Answer any ten of the following sub-questions. Each sub-question carries 2 marks.
10x2=20
1. (a) What do you mean by innovation in accounting ?
(b) Define working capital adjustment.
(c) State the meaning of realized holding gain.
(d) Define forensic accounting.
(e) What do you mean by regulatory cost ?
(f) State the objective of valuation of brands.
(g) What do you mean by environmental liabilities ?
(h) What is meant by triple bottom line ?
(i) Distinguish between acquired and self-generated intangibles.
(j) What is carbon tax ?
(k) What do you mean by stakeholder theory ?
(l) Define creative accounting.
P.T.O.
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SECTION - B
Answer any three of the following questions. Each question carries 5 marks. 3x5=15
2. What are difficulties involved in brand valuation ? Explain.
3. Explain the benefits derived from the human resource accounting.
4. Explain the meaning and significance of national income accounting.
5. The following information relates to AK Cement Ltd.,
As on 31.3.2014 As on 31.3.2015
` `
Stock in trade 2,40,000 3,00,000
Debtors 60,000 99,000
Advances to suppliers 24,000 18,000
Cash 24,000 27,000
Creditors 36,000 42,000
Date Price Index of Raw material Price Index of Finished Goods

31/3/2014 200 300
31/3/2015 240 330
Calculate the Monetary working capital adjustment.
6. Using the following details, compute the value of human resources of the company :
No. of employees ......... 500
Age of retirement of the employees ......... 62 years
Monthly salary per employees ......... 45,000
Average fringe benefits per month ......... 3,000
Average age of employees ......... 46 years
Cost of capital ......... 12%
!67067D070!
3 67067/D070
SECTION - C
Answer any three of the following . Each question carries 15 marks. 3x15=45
7. “Conventional Financial statements fail to exhibit true and fair view of business”.
Critically discuss this statement.
8. What is creative accounting ? Explain how business have employed creative accounting
methods to manipulate the financial statements.
9. Explain the various methods for valuation of human rsources.
10. A company had the following monetary items on April 1 :

` `
Debtors 50,000 Bills Payable 12,000
Bills Receivable 15,000 Creditors 23,000
Cash 15,000
80,000 35,000
The transactions affecting monetary items during the year were :

(a) Sales of ` 1,98,000 made evenly throughout the year.
(b) Purchases of goods of ` 1,32,000 made evenly during the year.
(c) Operating expenses of ` 33,000 were incurred evenly throughout the year.
(d) One machine was sold for ` 24,000 on October 1.
(e) Dividend of ` 13,000 declared on March 31.
The general price index was as follows :

On April 1 90
Average for the year 110
On October 1 120
On March 31 120
You are required to compute the general purchasing power gain or loss for the year
stated in terms of the current year-end rupee.
!67067D070! P.T.O.
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11. (a) A company has purchased a franchising permit for ` 24,00,000 at the an annual
fee of 10% of revenue. The franchise expires after 5 years. Revenue were ` 4,00,000
during 2014-15. The company estimated that future revenue would be ` 8,00,000,
` 6,00,000, ` 4,00,000 and ` 2,00,000 in the coming four years.
Explain the accounting treatment of the intangibles assets as per AS-26.
(b) The followings information is extracted from the books of a pharmacy company :
Energy Used ` 2,00,000

Sales Turnover ` 30,00,000
Green house Gas Emissions in 2014 7,000 cft
Green house Gas Emissions in 2015 8,000 cft
Volume of recycled water used 10,000 litres
Total volume of water used from all sources 1,00,000
Compute the following ratios as per GRI guidelines in evaluating environmental

performance :
(i) Percentage of energy used
(ii) Percentage reduction in green house gas emissions
(iii) Percentage use of recycled water
-o0o-
!67067D070!

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Sl. No.

No. of Printed Pages : 4

IV Semester M.Com. Examination, July - 2019

Time : 3 Hours Max. Marks : 80

(b) Define working capital adjustment.

(c) State the meaning of realized holding gain.

(d) Define forensic accounting.

(e) What do you mean by regulatory cost ?

(f) State the objective of valuation of brands.

(g) What do you mean by environmental liabilities ?

(h) What is meant by triple bottom line ?

(i) Distinguish between acquired and self-generated intangibles.

(j) What is carbon tax ?

(k) What do you mean by stakeholder theory ?

(l) Define creative accounting.

2. What are difficulties involved in brand valuation ? Explain.

3. Explain the benefits derived from the human resource accounting.

4. Explain the meaning and significance of national income accounting.

5. The following information relates to AK Cement Ltd.,

Date Price Index of Raw material Price Index of Finished Goods

Calculate the Monetary working capital adjustment.

9. Explain the various methods for valuation of human rsources.

10. A company had the following monetary items on April 1 :

The transactions affecting monetary items during the year were :

The general price index was as follows :

Energy Used ` 2,00,000

Compute the following ratios as per GRI guidelines in evaluating environmental

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