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Internal controls are not solution for all the ailments of organization. State all four drawbacks of internal controls. Define and describe five dissimilar types of internal control on which the audit
The primary intention of external audit is to examine the financial statements of the organization and to give an opinion as to whether the financial statements are free from material misstatements.
Statutory audits are audits performed because the laws require them. State all five benefits of statutory audit. Describe how the objectivity of the external auditor may be threatened or appear to be
Comparative analysis for two companies (from similar industry) that have data for 3-years or 3 quarters. Need to analyze the financial performance of such companies by using the given variables.
Describe the following terms with appropriate examples. Non- operating surplus, Intangible fixed assets, Sundry creditors and Fixed liabilities.
Write a brief note on Price – Earning Ratio Cost of a Specific Source of Finance.
Post the entries from the journal to the following ledger accounts Supplies account, Prepaid rent account, Cash account and Machinery account.
Describe the contents of balance sheet and income statement with appropriate formats. Describe different methods of funds flow analysis.
Critically evaluate ARR appraisal criterion. A firms current assets and current liabilities are Rs.1.6 lakhs and Rs.1 lakh respectively. How much can it borrow on a short term basis without reduci
Compute the degree of operating leverage, degree of financial leverage and the degree of combined leverage and deduce the results.
The management of an organization is considering opening a new plant. Assess the usefulness to management of both the payback period and net present value methods of investment appraisal when decidi
Describe in details the three main objectives of Public Expenditure Management.
Matts Ltd is a long-standing importer of rice and pulses from India. Import is done on ‘open account’ basis.
Taking the case of Northern Rock or any other bank that have collapsed during recessions worldwide, explain the importance of a good liquidity management for a bank’s sustainable growth.
Using separate diagrams/ flow charts show how Letter of Credit and documentary collection operate.
Explain the normal incidents of the banker-customer relationship? Describe the rule enunciated by the Court in Tournier v.National Provincial and Union Bank of England.
Explain in details the three major objectives of Public Expenditure Management.
Explain the Profit and Wealth Maximization Decision Criterion. Explain the motives and importance of holding cash.
What is the difference between cash dividend and stock dividend? Explain.
For the overall bank VaR computations, suppose that the correlation between the amortizing mortgage loans and the commercial loans is 0.80, between the mortgage loans and the corporate bonds it is 0
Prepare a Marginal Cost Analysed Income Statement for 2014 from the above data to identify total and individual medical procedure contributions and profits (apportion the overheads as indicated abov
What do you mean by stable dividend policy? Why must it be followed?
A small-sized company is considering methods to finance its establishment. Initially Es. 2,00,000 will be required. The company is considering two proposals for the purpose:
Describe the three components of Balance of Payment. Differentiate between FDI and FPI. Which one is better for the country and why?
The following balances are extracted from the books of Kiran Trading Co on 31st March2000. You are needed to prepare trading and profit and loss account and a balance sheet as on that date: Opening