Question Tag: Operational Issues

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BMIS – Nov 2024 – L1 – Q1b – Types of Organisations

Explain four challenges faced by GDD Ghana as a not-for-profit organisation

GDD Ghana is a not-for-profit and non-partisan organisation established in Ghana to offer various services, including corruption prevention campaigns, environmental protection and election observation. Like any other not-for-profit organisation, GDD Ghana is confronted with numerous challenges in its operations.

Required:
Explain FOUR challenges that come with operating as a not-for-profit organisation.

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CR – Nov 2014 – L3 – SC – Q6a – Introduction to Corporate Reporting

Evaluate factors indicating going concern threats and propose financial restructuring solutions.

An entity is normally viewed as a going concern. It is assumed that the entity has neither the intention nor the desire of liquidation or of curtailing materially the scale of its operations.

However, if the going concern is threatened, the financial statements would be prepared on a different basis.

Required:

State the factors that indicate an organisation may no longer be a going concern under the following categories:
(i) Financial (ii) Operational (iii) Legal or regulatory (6 Marks)

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BMIS – Nov 2024 – L1 – Q1b – Types of Organisations

Explain four challenges faced by GDD Ghana as a not-for-profit organisation

GDD Ghana is a not-for-profit and non-partisan organisation established in Ghana to offer various services, including corruption prevention campaigns, environmental protection and election observation. Like any other not-for-profit organisation, GDD Ghana is confronted with numerous challenges in its operations.

Required:
Explain FOUR challenges that come with operating as a not-for-profit organisation.

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You're reporting an error for "BMIS – Nov 2024 – L1 – Q1b – Types of Organisations"

CR – Nov 2014 – L3 – SC – Q6a – Introduction to Corporate Reporting

Evaluate factors indicating going concern threats and propose financial restructuring solutions.

An entity is normally viewed as a going concern. It is assumed that the entity has neither the intention nor the desire of liquidation or of curtailing materially the scale of its operations.

However, if the going concern is threatened, the financial statements would be prepared on a different basis.

Required:

State the factors that indicate an organisation may no longer be a going concern under the following categories:
(i) Financial (ii) Operational (iii) Legal or regulatory (6 Marks)

Login or create a free account to see answers

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Report an error

You're reporting an error for "CR – Nov 2014 – L3 – SC – Q6a – Introduction to Corporate Reporting"

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