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Every employee is required to perform basic management functions such as planning, organizing, directing and controlling functions at the workplace.
(a) Distinguish between “Planning” and “Controlling” at the workplace? [5 marks]
(b) List five (5) reasons associated with planning at the workplace? [10 Marks]
(c) Describe five (5) limitations linked to planning in banks? [10 Marks]
[Total Marks – 25]
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Find Related Questions by Tags, levels, etc.
Technological Changes have been influencing the marketing of banking products and services and hence the introduction of Digital Marketing initiatives. As the Head of Marketing of your Bank, you have been asked to run a workshop for newly recruited Salespersons explaining four (4) benefits of Electronic Banking products and services and two (2) limitations.
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a) The preparation of budgets is a lengthy process which requires great care if the ultimate master budget is to be useful for the purposes of management control within an organisation. Required: Explain EIGHT stages involved in the budgeting process in a manufacturing organisation
b) Budgeting serves a number of useful purposes. They include planning annual operations, coordinating the activities of the various parts of the organisation, communicating plans to various responsibility centre managers among others. Notwithstanding these useful purposes, budgeting has been criticised for several reasons. Required: Identify FIVE criticisms of budgeting.
c) Despite the benefits of minimised inventory cost, waste elimination and quick turnaround time for customers, a lean production model is beset with inherent limitations. Required: Explain FOUR limitations to the efficient implementation of a lean production model in an organization.
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The Chief Executive Officer (CEO) of Agege Plc also informed you that as a member of the Institute of Chartered Accountants of Nigeria (ICAN), he recently attended the Mandatory Continuous Professional Education (MCPE) of the Institute. One of the papers presented was in the area of how to improve the quality of information that companies report at year-end.
As the financial consultant to Agege Plc., identify and discuss three limitations of financial reporting (prepared in accordance with IFRS) and the extent to which integrated reporting might improve the usefulness of the annual reports. (6 Marks)
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Find Related Questions by Tags, levels, etc.
Briefly discuss the following:
a. The scope of the statutory audit as described in the independent auditors’ report. (5 Marks)
b. The main limitations of an audit. (5 Marks)
c. The overall audit strategy. (5 Marks)
d. Understanding the entity and its environment. (5 Marks)
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Find Related Questions by Tags, levels, etc.
The OECD Principles of Corporate Governance, as an international statement of principles about corporate governance, establishes minimum acceptable standards of corporate governance. However, like any such document on corporate governance, it has several limitations.
Required:
Identify and explain TWO (2) limitations of the OECD Principles of Corporate Governance.
(5 marks)
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Find Related Questions by Tags, levels, etc.
Every employee is required to perform basic management functions such as planning, organizing, directing and controlling functions at the workplace.
(a) Distinguish between “Planning” and “Controlling” at the workplace? [5 marks]
(b) List five (5) reasons associated with planning at the workplace? [10 Marks]
(c) Describe five (5) limitations linked to planning in banks? [10 Marks]
[Total Marks – 25]
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Technological Changes have been influencing the marketing of banking products and services and hence the introduction of Digital Marketing initiatives. As the Head of Marketing of your Bank, you have been asked to run a workshop for newly recruited Salespersons explaining four (4) benefits of Electronic Banking products and services and two (2) limitations.
Find Related Questions by Tags, levels, etc.
a) The preparation of budgets is a lengthy process which requires great care if the ultimate master budget is to be useful for the purposes of management control within an organisation. Required: Explain EIGHT stages involved in the budgeting process in a manufacturing organisation
b) Budgeting serves a number of useful purposes. They include planning annual operations, coordinating the activities of the various parts of the organisation, communicating plans to various responsibility centre managers among others. Notwithstanding these useful purposes, budgeting has been criticised for several reasons. Required: Identify FIVE criticisms of budgeting.
c) Despite the benefits of minimised inventory cost, waste elimination and quick turnaround time for customers, a lean production model is beset with inherent limitations. Required: Explain FOUR limitations to the efficient implementation of a lean production model in an organization.
Find Related Questions by Tags, levels, etc.
The Chief Executive Officer (CEO) of Agege Plc also informed you that as a member of the Institute of Chartered Accountants of Nigeria (ICAN), he recently attended the Mandatory Continuous Professional Education (MCPE) of the Institute. One of the papers presented was in the area of how to improve the quality of information that companies report at year-end.
As the financial consultant to Agege Plc., identify and discuss three limitations of financial reporting (prepared in accordance with IFRS) and the extent to which integrated reporting might improve the usefulness of the annual reports. (6 Marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Briefly discuss the following:
a. The scope of the statutory audit as described in the independent auditors’ report. (5 Marks)
b. The main limitations of an audit. (5 Marks)
c. The overall audit strategy. (5 Marks)
d. Understanding the entity and its environment. (5 Marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
The OECD Principles of Corporate Governance, as an international statement of principles about corporate governance, establishes minimum acceptable standards of corporate governance. However, like any such document on corporate governance, it has several limitations.
Required:
Identify and explain TWO (2) limitations of the OECD Principles of Corporate Governance.
(5 marks)
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