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November 2018 Following are answers, a care is taken to answer them correctly, however, if any mistakes are identified by you, kindly share with me, I would love to hear them and will incorporate changes accordingly. Question Covered in post 1(a), 1(b), 1(c), 1(d), 2, 3(a),  3(b), 4, 5(a), 5(b),  6(b), 7(a), 7(b), 7(c),  7(d), 7(e) Question Pending 6(a) 1(a) (i) Annual lease rent = Rs. 32,500 (ii) Income = 26,000, 32,500, 39,000 (iii) Depreciation = Rs. 20,000, Rs. 25,000, Rs. 30,000 1(b) (i) Prior period Item adjustment Prior Period A/c Dr. To Salary Payable Salary payable A/c Dr To Cash Prior period item shall be disclosed separately (ii) Wages with retrospective effect It is not taken as error or omission in the preparation of Financial statements and hence this is not a prior period item, additional liability of Rs. 75,000 shall be included in current year Salary 1(c) (i) Present obligation as a r...

1.a STEP 1: Present Process Documentation In this step, the present business process is analysed and documented. The key deliverable of this step includes the well-defined short-comings of the present processes and the overall business requirements. This step includes the following activities: · Understanding the business and the objectives for which it exists; · Documenting the existing business processes; and · Analysis of the documented processes. STEP 2: Proposed Process Documentation This step is to design the new process requirements for the system. The design is based on the new system requirements and the changes proposed. The activities include the following: · Understanding of the business processes necessary to achieve the business objectives; · Designing the new processes; and · Documentation of the new process, preferably using of CASE tools. STEP 3: Implementation of New Process This step is to ...

Strategic Financial management SFM November 2018 Suggested answers 7(b) Advantages of commercial papers: It is quick and cost effective way of raising working capital. Best way to the company to take the advantage of short term interest fluctuations in the market It provides the exit option to the investors to quit the investment They are cheaper than a bank loan As commercial papers are required to be rated, good rating reduces the cost of capital for the company It is unsecured and thus does not create any liens on assets of the company It has a wide range of maturity It is exempt from federal SEC and State securities registration requirements. 7 (c) Pre Conditions of Effective Money Market A well developed money market  uses a broad range of financial instruments Channelises savings into productive investments Promote financial mobility in the form of inter sectoral flows of funds and Faciliate the implementation of monetary policy by way of ope...

Hello everyone, following are various Multiple choice questions from different subjects. I Hope you will like it Happy reading Section Z - ISCA MCQ and Important One Words Paper 6: Information Systems Control and Audit (Old Course) Official ICAI MCQ 1. Arrange in chronological order of their assessment. a. Risk b. Threat c. Vulnerability d. Impact (a) a,b,c,d (b) c,b,a,d (c) d,c,b,a (d) c,b,d,a 2. Complete the sentence. "_______ " is not a RISK management strategy. (a) Define (b) Eliminate (c) Share (d) Mitigate 3. COBIT 5 principles include all except, (a) Meeting Stakeholder Needs (b) Covering Enterprise End To End (c) Separating Governance From Management (d) Enabling Better Controls 4. Creating a Governance, Risk and Compliance (GRC) framework is responsibility of ____________. (a) Management (b) Auditors (c) Board of Directors (BoD) (d) Auditor and BoD 5. Best definition to define a HUMAN being in terms of System. (a) Physical, Prob...