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What is our rate of return on capital employed? Does it make sense to compare that figure with those of other companies as a test of our performance?’
Operating cash flow per share is better indicator of profitability than is EPS. Do you agree? Describe in detail. Explain the different ways of combining the businesses and the accounting procedures.
Describe the different stages of developing an effective Accounting Information System.
What do you understand by Creditor? What do you understand by Bank Overdraft? What do you understand by ‘Contra Entry’?
The board wants to send you for negotiations with the customer and they want you to first tell them what will be the basic minimum price so that the company won’t incur any loss on this order.
If the company’s cost of capital is 18% and the rate of inflation is 12% per annum, comment on the viability of the project.
To what extent would it be fair to say that Activity Based Costing provides a solution to the problem of overhead allocation?
What rate of interest would you receive if you bought a bond at the commencement of the second year and sold it at the beginning of the fourth year?
Describe, with illustrations, the concept of materiality. Explain how materiality affects the audit work performed by auditors.
Internal control systems are designed, amongst other things, to prevent error and misappropriation.
What do you mean by Book keeping? Describe the main objectives and significance of Book keeping.
What do you mean by Excise Duty? Who is liable to pay it? Illustrate the basic conditions for levy of duty under Section 3 of the Central Excise Act, 1944. As well state the types of duties of excis
What do you mean by professional Tax? Describe the provisions of Payment of professional tax through salaried person.
Define the word salary. Describe in detail different forms of perquisites under the head of Income from salary.
What do you mean by audit? Define auditing and give it nature and benefits.
The mandate of the Supreme Audit Institution (SAI) or other laws normally prescribes which entities are subject to audit and generally include the whole government administration.
Briefly explain the meaning of a component and a component auditor. State four conditions or events that may indicate risks of material misstatement of the group financial statements.
Describe the nature and effect of each of the three characteristics listed above on the audit of small entities. Discuss the arguments for and against of having an audit of small entities.
Elaborate on the usual structure of offshore discretionary trust deed. Make a distinction between the benefits and problems of offshore ship registration.
What are the advantages of offshore banking to both the banking institution and trade client? Write down the operational aspects of offshore banking formation.
Evaluate the accounting rate of return for each project. Evaluate the net present value for each project. Your report must critically compare and contrast the salient features of Payback, ARR, IRR a
Suppose that they could get a 10 percent discount per bedpan if they order at least 1000 at a time. Should they take advantage of this discount?
Treasury Management defines the objective of treasury management as “the management of an organisation’s cash flow, its borrowings and its investments.
“In the world of no-tax, a firm’s cost of capital is independent of its capital structure”. Explain the above statement and give proper illustrations.