MTTM/MTM-5 ACCOUNTING AND FINANCE FOR MANAGERS IN TOURISM SOLVED ASSIGNMENT 2020

MTTM-5 SOLVED ASSIGNMENT 2020

MTTM-5: ACCOUNTING AND FINANCE FOR MANAGERS IN TOURISM
(Tutor Marked Assignment)
Course Code: MTTM-5/MTM-5

Programme: MTTM/MTM
Total Marks: 100 Assignment Code: MTTM 5/MTM 5/TMA/2020

1. What is accounting? Discuss the scope and functions of accounting. 20
2. Explain various Accounting concepts. 20
3. What are the contents of a standard Balance sheet? With the help of a suitable example,
explain how a balance sheet is constructed. 20
4. What is Inventory? Explain the methods of inventory valuation. 20
5. What are the components of total cost? Discuss the categories in which cost can be
classified. 20
6. Differentiate between absorption costing and marginal costing. Elaborate the utility and
limitations of marginal costing. 20
7. What do you understand by financial management? Explain three main decisions related to
finance functions which a firm must take. 20
8. List the fundamental accounting ratios. How do they respond to the needs of control by
management? 20
9. Differentiate between the concepts of Gross Working Capital and Net Working Capital.
Which one do you think would be more crucial in tourism operations and why? 20
10. What are the features of an appropriate capital structure? Explain the determinants of capital
structure. 20

MTTM-5, MTTM 5, MTTM5, MTM-5, MTM 5, MTM5