Knowledge Unlimited

This is Blog which carrys Lateral thinking of esteemed collegues on a focussed issue with seamless Grapevine(None Official/Formal). Disclaimer:The Thoughts expressed are merely incidental to a project and has limited overtones and is nothing official or having public ramification. ******************************************* http://teamnccs.blogspot.com/

Thursday, July 13, 2006

Ratio Analysis

The following are the gist of ratios for the firm under consideration for the past 4 years beginning 03-2005 backwards.
Debt to Equity=0.45/0.42/0.58/0.66(03-2002)
1.What does this indicate?
2.Is this ratio Industry Specific?
3.Can the ratio be impacted by Interest rate phenomenon?
4.What Impact do the ratio have if at all on production cycle?
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Current Ratio:1.66/1.52/1.72/1.94(03-2002)
1.Can u read into the trend?
2.How comfortable is the firm on its Working capital?
3.Does this ratio get impacted by Market forces?
4.Is it Impacted by Industry trends?
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Inventory turnover ratio:12.92/13.22/13.11/11.95(03-2002)
1.How Good is the trend?
2.How efficiently Inventory can be managed inorder to achieve "Just in time" Inventory handling or near zero handling?
3.Which is the method of accounting for inventory?Can the method of accounting inventories be consistent which is a convention in Accounting?
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Wednesday, July 12, 2006

Century Slammed by the Poll in the website-Top3

CenT00ry!!!
Thank you members of ICWAI.
You have rallied well and got us 100 votes already on the Top 3 Opinion Poll!Team: Thanks for your support and interest.
Hari, our web admin, has to be thanked for his work - creating the Poll and maintaining it.
Quo va dis?

Friday, July 07, 2006

How do we go from now?_NS.

National Cost Convention - Students : 2007(Tentatively coded as NCC-S:2007)PROPOSALProgram - Objective, Theme, Format, Content, Activities, Prizes, Timeline, Roles
OBJECTIVEGive the ctudent a preview of work place expectaions, environment, challenges and skills required to deliver satisfactorily.[ I am not a marketing guy and so dont expect me to use words like 'excellent', 'outstanding' etc. liberally!]
THEME"The Generation Next CMP" [CMP = Cost Management Professional]or"New Age Cost Management Practices"
FORMAT A two stage contest:Stage 1. (Selection Stage)This wd have 3 competitions.a) Quizb) Information Analysis and Reportingc) Presentation outline on the theme of the NCC-SAll web based Stage 2. (DirectLIve Stage)This wd involve using a case study that would bring out the student's ability to succeed in a 'simulated' real life situationThe case study will have three rounds. At the end of each the student wd be tested for one of the Top 3 attributes required to function effectively as a Cost and Managemnt Professional.
CONTENTStage 1. (Selection Stage)a) Quiz50 qns of which 30 wd be on General Business 5 wd be visual quiz on General Business15 wd be on subjects from teh current syllabus for Stage 1/2/3/4.The student wd be free to chose the stage in which he desires to be quizzed.The quiz will be hosted on our elearning site with a view to popularize the elearning program.b) Information Analysis and ReportingAnalysing the given set of Fianacials and Reporting the Findings. (This need not be very technical (as some Stage-1 students wd also be in the race.) The analytical report is to be presented briefly thru a ppt of not more than 6 slides predominantly visual with conclusions in text.c) Presentation outline on the theme of the NCC-STo be presented briefly thru a ppt of not more than 10 slides. Students who score the highest points (graded on percentiles) overall plus meet a minimum in each competition again, graded on percentiles)would be declared Stage Winners. These SWs wd go into the Stage-2 (DirectLIve) at Hyd on 17 Jan 2007.Stage 2. (DirectLIve Stage)Will start with a DirectLive Quiz. (The DLQ would pick up the best practices from KBC, ESPN Sports Quiz and the Business Challenge of CNBC.)Based on the scores in the DLQ students wd be 'seeded' as in Grand Slam Tennis Championships. {Details when we meet Sunday]The will unravel the Case in 3 'episodes'In each 'episode' the case will be developed to a crisis point and the teams wd be given time to analyse the situation and formulate their responses. Episode Directors would hear out the solutions and rate the teams. The EMs wd also comment upon the solutions so that the learning cycle is complete.(Audience wd be also voting on each solution. The average audience score wd be included for final rating of the teams. Audience rating wdalso be tracked and the persons with the rating matching those of the episode managers wd earn token prizes)The entire program would use as much hi tech as possible subject to technology infrastructure and budget constraints.
ACTIVITIESMain activities outlinesMarketing the programContent DevelopmentContest ManagementStaging the ShowResources, Logistics and BudgetPRIZESMerit Certificates for Stage WinnersMementos and Merit Certificates for DL Winners and Runners-upSpecial Merit Certificates for Contst Toppers (3 in Stage-1 and 4 in Stage-2)Token Prizes and Merit Certificates for Delegate level winners in DL contests.
TIMELINEMajor milestones complete by------------------------ ----------------Stage 1 preparation and testing End AugRunning Stage 1 NovAnnouncing Stage Winners Dec 1st weekStage 2 preparation and testing End SepRunning Stage 1 Jan 17thAnnouncing Stage Winners Jan 17ROLES To be determined Sunday meetingOTHERSLet us try to > make this an unforgettable and rewarding experience for participants> make use of as much ICT as possible so that teh students can hace a first hand experience of the potential of ICT> keep the audience engaged all timeNote:I have focussedon Content now. Organizational level matters can be discussed next meeting to be decided on Sunday.Current Status:Top3 Opinion Poll is on myicwai.com. 6 have votes as at 6 pm on 1st day (incl. 6 of our team incl. Durgaprasad, CCM)We need 200 qns for the Stage 1 quiz ( 4x of teh quiz size for randomised selection. I have collected about 80 incl a few for tech subject quiz. Will try to mail you my collection on Saturday. Udaya Shanker has collected a few too.)All other activities are yet to begin.

National Convention-Prospective Management Accountants

This is a Blog created for participants of National student convention -ICWAI 2007.
http://http://management-accountant.blogspot.com
http://scopeofcostaccountant.blogspot.com
http://management-accounting.blogspot.com/
http://teamnccs.blogspot.com/
http://inclusive-accounting.blogspot.com