How to Collect Data for Accountancy Project?
Students are always in a fix as to 'How to collect data for Accountancy Project?'
This website has never promised to provide readymade solutions to the students. Rather, it is an effort to prepare them to 'Do it on your own' with full confidence and get the knowledge and satisfaction.
These days, most of the students are in a state of confusion in relation to this work. Many of them just arrange the project from here and there and then appear in Exam. for Accountancy Project.
CBSE has already prescribed guidelines for project work. Students can use those guidelines. They can visit website of any company of their choice or as suggested by their subject teacher.
They have to download the Annual Report of company for Project Work and select the information as it would help them to analyse the financial results and information of that company.
There are three Specific Projects in this CBSE Guidelines for Project Work, as under:
Project on Segment Analysis - From Page 48 to 52
Analysis of Cash Flow Statement - From Page 53 to 54
Project on Revenue, Net Profit Ratio and Earning per share - From Page 55 to 59
Following is the information keeping in view, these three projects, for illustration. You may use this information of Prakash Industries Limited or find similar information for any other company.
Important Practical Tip: Just take these items one by one and search from the concerned Annual Report for your actual work. I assure you the satisfaction on getting everything done on your own.
Diagrams can be made easily using Google Sheets or anyother way you want.
Segment Project for Accountancy Class 12
Which Companies can be taken for Segment Project?
Following are three random companies, for Segment Project, for which the above-mentioned data can be obtained from Annual Reports directly or from moneycontrol.com in some ready form:
Hindustan Unilever Ltd
Pidilite Industries
Praksah Industries
Main documents to be checked are:
Yearly Data of Praksah Industries
Balance SheetStatement of Profit and Loss
Summary of Cash Flows
Ratios of Praksah Industries
By now you must have learnt, how to search, download and use the financial data for project work in Accountancy.
Same way, you can get the quarterly and half yearly data for different companies as per your requirement.
You can use this data for your Accountancy Project in consultation with your teacher.
Variety of projects can be based on this available data such as:
Analyse the liquidity position, presenting the data of Current Assets, Current Liabilities. Current Ratio, Quick Ratio in the form of Bar Diagrams.
Analyse the profitability. Presenting in the form of Diagrams as mentioned above.
Similarly, you can analyse the solvency position and efficiency.
For more guidance check the CBSE Guidelines for Project Work.