Question Tag: Capital Maintenance

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  • 20 Marks

RM – JUL 2020 – L4 – Q3 – Treasury Policy Key Areas

Discuss five key areas in a treasury policy, explaining their criticality for effective treasury functioning in capital, liquidity, and income roles.

The Board has the responsibility to enact and periodically review broad strategic policies to govern the treasury function and its relationship with other departments in the bank.

Discuss broadly five (5) key areas to be addressed by a Treasury policy, indicating why these are critical for the effective functioning of the Treasury department in its capital maintenance, liquidity and income generation functions.

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  • 20 Marks

RM – APR 2024 – L4 – Q6 – Treasury Policy Areas

Discusses five key areas for a Treasury Policy and their criticality.

Discuss broadly five (5) key areas to be addressed by a Treasury Policy, indicating why these are critical for the effective functioning of the Treasury Department in its capital maintenance, liquidity and income generation functions.

(20 marks)

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  • 11 Marks

FR – NOV 2016 – L2 – Q2c – Conceptual Framework for Financial Reporting

Question tests understanding of capital maintenance concepts and their practical application in profit measurement under different concepts.

i. The conceptual framework states that there are two concepts of capital. Explain these two concepts. (4 Marks)

ii. Perfect World Limited commenced business on January 1, 2015 with a single item of inventory which costs N120,000. During the year it sold the item for N180,000 in cash. Also, during the year, general inflation was 10% but the inflation specific to the item was 12%. Calculate the profit under each concept of capital maintenance and show the effect on the Equity of the Company. (7 Marks)

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  • 6 Marks

FR – May 2018 – L2 – Q5b – Conceptual Framework for Financial Reporting

Explain the distinction between financial capital maintenance and physical capital maintenance.

According to the IASB Conceptual Framework, the concept of capital maintenance is concerned with how an entity defines the capital it seeks to maintain. The concept of capital gives rise to financial capital maintenance and physical capital maintenance. The selection of the appropriate concept of capital by an entity should be based on the needs of the users of its financial statements.

Required:
Distinguish between financial capital maintenance and physical capital maintenance. (6 marks)

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  • 20 Marks

RM – JUL 2020 – L4 – Q3 – Treasury Policy Key Areas

Discuss five key areas in a treasury policy, explaining their criticality for effective treasury functioning in capital, liquidity, and income roles.

The Board has the responsibility to enact and periodically review broad strategic policies to govern the treasury function and its relationship with other departments in the bank.

Discuss broadly five (5) key areas to be addressed by a Treasury policy, indicating why these are critical for the effective functioning of the Treasury department in its capital maintenance, liquidity and income generation functions.

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  • 20 Marks

RM – APR 2024 – L4 – Q6 – Treasury Policy Areas

Discusses five key areas for a Treasury Policy and their criticality.

Discuss broadly five (5) key areas to be addressed by a Treasury Policy, indicating why these are critical for the effective functioning of the Treasury Department in its capital maintenance, liquidity and income generation functions.

(20 marks)

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  • 11 Marks

FR – NOV 2016 – L2 – Q2c – Conceptual Framework for Financial Reporting

Question tests understanding of capital maintenance concepts and their practical application in profit measurement under different concepts.

i. The conceptual framework states that there are two concepts of capital. Explain these two concepts. (4 Marks)

ii. Perfect World Limited commenced business on January 1, 2015 with a single item of inventory which costs N120,000. During the year it sold the item for N180,000 in cash. Also, during the year, general inflation was 10% but the inflation specific to the item was 12%. Calculate the profit under each concept of capital maintenance and show the effect on the Equity of the Company. (7 Marks)

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  • 6 Marks

FR – May 2018 – L2 – Q5b – Conceptual Framework for Financial Reporting

Explain the distinction between financial capital maintenance and physical capital maintenance.

According to the IASB Conceptual Framework, the concept of capital maintenance is concerned with how an entity defines the capital it seeks to maintain. The concept of capital gives rise to financial capital maintenance and physical capital maintenance. The selection of the appropriate concept of capital by an entity should be based on the needs of the users of its financial statements.

Required:
Distinguish between financial capital maintenance and physical capital maintenance. (6 marks)

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