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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.
What are the key elements in managing E-Business infrastructure? A significant step in developing an E-business strategy is to appraise the E-Business implementation strategy. Explain the evaluation
Make a distinction between Brick-and-mortar and Click-and-mortar businesses. What is a shopping cart? List all the three elements of shopping cart.
Clearly make a distinction between these two types of e-banking websites. Explain what you understand by the phrase account aggregation using a suitable example.
Outline the concept of Real Time Gross Settlement (RTGS) system in Mauritius and name the THREE main system components of the MACSS.
Illustrate using suitable illustrations where necessary how asymmetric public key encryption ensures both confidentiality and authenticity.
Explain briefly the major security measures to protect E-Banking systems and ensure secure E-Banking transactions. Make a distinction between nontechnical attack and technical attack.
Describe the purpose of the Mauritius Automated Clearing and Settlement System (MACSS). What is the purpose of S.W.I.F.T throughout fund transfers?
Write down the main advantages of E-Banking to customers and banking institutions? Illustrate some potential risks associated with the informational and transactional websites.
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
How significant are ethical concepts and theories to understand the present ethical issues pertaining to your organization?
State the benefits and drawbacks of discounting the technical reserves.
A reinsurance company writes a book of catastrophe reinsurance contracts to an expected combined ratio of 60%. This estimates that its aggregate claims distribution is compound Poisson with λ
You are an actuary for a general insurance company that writes private motor insurance. Explain in brief the reasons why you might undertake an actuarial investigation of premium rates for this busi
List the FSC requirements with which general insurance companies should comply and describe how each serves to protect policyholders and the industry at large.
Write down the advantages to be derived in keeping Control Accounts? What do you mean by “Accumulated Funds”?
Give three causes of depreciation, and for each give the type of fixed asset for which that cause is suitable.
Compute, for each of the two years, the following accounting ratios that must assist the directors for comparison.Current Ratio, Quick Ratio Debtors and Collection Period.
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