Revision question on how to perform the bank reconciliation

Revision question on how to perform the bank reconciliation

The following is a summary from the cash book of BW Ltd for July 2015:

On investigation, it was discovered that:

i)   Bank charges of TZS 15 shown on the bank statement have not been entered into the cash book.

ii)  A cheque drawn for TZS 110 to pay a supplier has been entered in the cash book as a receipt. read more

Revision question on IAS 10 – events after reporting period.

Revision question on IAS 10 - events after reporting period

Suame Ltd is a listed telecommunication company that prepares its financial statements for the year ended 31 October 2015 in accordance with IFRS. The financial statements are due to be authorized for issue on 15 January 2016. read more

Revision question on financial management NBAA B1, nov 2018

Revision question on financial management NBAA B1, nov 2018

(a)  The dividend growth model can be used in determining the cost of equity capital.

This model, however, has some weaknesses.

REQUIRED:

Outline the weaknesses of the model.

(b)     The following information is available regarding a mutual fund: read more

Revision question on activity based costing (ABC)

Five (5) principles that would assist the auditor in assessing the reliability of audit evidence.

(A)     XX glass limited has been in operation for the past seven years and manufactures shower doors. Since its establishment, the company has used a traditional overhead absorption costing system. However, the managing director, Peter Kenny, is considering making a change. read more