MTTM 5 Solved Assignment 2024-25
ACCOUNTING AND FINANCE FOR MANAGERS IN TOURISM
MTTM 5 Solved
Assignment 2024-25 : All assignments are in PDF format which would be send
on email/WhatsApp (9958676204) just after payment.
Assignment Code: ASST/ MTTM 5 /2024-25
Marks: 100
Attempt all the questions:
Q1. What do you
understand by the term "Accounts Manager"? Explain the role and
activities of an accounts manager in an organization.
An Accounts Manager is a pivotal role within an organization, primarily responsible for overseeing the financial aspects of the business. Their main duty is to ensure the smooth operation of the accounting department, managing financial transactions, generating financial reports, and providing strategic financial advice to upper management. Here's a breakdown of the role and activities typically associated with an Accounts Manager:
Financial
Reporting: The Accounts Manager is responsible for preparing and presenting
financial reports to the management team. These reports often include balance
sheets, income statements, cash flow statements, and other financial analyses
to provide insights into the company's financial health and performance.
Budgeting and
Forecasting: They play a key role in budgeting and forecasting processes by
working closely with department heads to develop annual budgets and financial
projections. They monitor actual performance against budgeted targets and make
adjustments as necessary to ensure financial goals are met.
Financial
Compliance: Ensuring compliance with relevant financial regulations and
standards is another critical aspect of the role. This may involve staying
up-to-date with accounting principles, tax laws, and regulatory requirements to
ensure accurate financial reporting and adherence to legal obligations.
Audit
Coordination: Accounts Managers often coordinate internal and external audits,
working closely with auditors to provide necessary documentation, answer
inquiries, and address any findings or discrepancies identified during the
audit process.
Cash Management:
They manage the organization's cash flow, ensuring that there is enough
liquidity to meet financial obligations while optimizing cash utilization to
maximize returns. This may involve managing bank accounts, monitoring
receivables and payables, and implementing strategies to improve cash flow
efficiency.
Financial
Analysis: Conducting financial analysis to identify trends, opportunities, and
risks is a crucial part of the role. Accounts Managers analyze financial data
to provide insights that support decision-making processes, such as investment
opportunities, cost-saving initiatives, or revenue enhancement strategies.
Team Management:
If the accounting department is sizable, the Accounts Manager may also be
responsible for leading and managing a team of accounting professionals. This
involves delegating tasks, providing guidance and training, conducting
performance evaluations, and fostering a positive work environment.
Strategic
Financial Planning: Collaborating with senior management to develop and
implement financial strategies aligned with the organization's goals and
objectives is essential. Accounts Managers may provide recommendations on areas
such as capital investments, cost reduction strategies, and revenue growth
initiatives.
Overall, the
role of an Accounts Manager is multifaceted and requires a strong understanding
of accounting principles, financial management, and business operations.
Effective communication, attention to detail, analytical skills, and the
ability to work well under pressure are critical for success in this role.
Q2. Explain elements
of costs. Also prepare a proforma of a cost sheet.
Q3. Explain Zero Based
Budgeting along with its process and advantages.
Q4. Explain various
Forms of Dividend and Dividend policy Goals. Explain the factors affecting
dividend decisions.
Q5. Define
Depreciation. Explain various methods of Depreciation.
Q6. What are the
different types of Investment Proposals? Discuss the relevance of Investment
proposals for tourism business.
Q7. Explain the scope
of Financial Management. Give relevant examples.
Q8. What do you understand
by the terms budget and budgetary control? Suppose you own a large size tour
operation company; discuss the advantages and objectives of introducing budgetary
control in your organisation.
Q9. What is working
capital? Discuss the factors that affects the size of working capital in a tour
operation company.
Q10. Write short notes on the following in about 150
words each:
(a) Break Even
Analysis
(b) Uses of Balance
Sheet
(c) Uses of Funds
(d) Importance of cash
and cash Flow Statement
MTTM 5 Solved
Assignment 2024-25 : All assignments are in PDF format which would be send
on email/WhatsApp (9958676204) just after payment.
MTTM 5 Solved
Assignment 2024-25, MTTM 5 Solved Assignment 2024-25, MTTM 5 Solved Assignment
2024-25, MTTM 5 Assignment, IGNOU
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IGNOU MTTM 5 Solved
Assignment 2024-25 :- Those students
who had successfully submitted their Assignments to their allocated study
centers can now check their Assignment Status. Alongside --assignment status,
they will also checkout their assignment marks & result. All this is often
available in a web mode. After submitting the assignment, you'll check you MTTM
5 Solved Assignment 2024-25 only after 3-4 weeks. MTTM 5 Solved Assignment 2024-25
it'd take 40 days to declare MTTM 5 Solved Assignment 2024-25
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