In the year to March, the UK accounting watchdog had fined accounting firms nearly £43m, with KPMG making up nearly half of that total 0 1 A U G U S T 2 0 1 9 – 1 4 : 0 5 H U W J O N E S London — Accounting firm KPMG has been fined £3.5m ($4.24m) by Britain’s accounting watchdog for […]
Posted: June 8, 2023
QUESTION ONE [40] Management can be considered as the organisation and coordination of the activities of a business in order to achieve defined objectives. In light of the above answer the questions that follow: 1.1Categorise management information according to their levels in an organisation. Your discussion should include functions, responsibilities, positions held and time frames. (15) 1.2 Outline the various roles that managers are responsible […]
Posted: June 8, 2023
QUESTION ONE [40] Mr Khumalo and Mrs Smith own their own auditing firm. They have around thirty years of experience between the both of them. Their business has expanded to five other African countries with their latest branch opening in Kenya. They have entrusted the running of this branch to regional manager Mr Karrim, who has extensive knowledge of the Kenyan market, he together with […]
Posted: June 5, 2023
QUESTION ONE [45] Define the term ‘Management’. (3) Differentiate between top level management and lower level management. (10) Identify and discuss each of the support activities that can be found in Porter’s Value Chain Model. (12) Provide a summary of each of the four (4) general management functions. (20) QUESTION TWO [32] The Classical management approach introduced some of the founding principles of management. Critically […]
Posted: June 5, 2023
QUESTION ONE [40] Managers, while performing the four fundamental functions, work at different levels and deal with different challenges. Managers are usually classified into two categories: 1. According to their level in the organisation 2. By the functional area of management for which they are responsible In light of the above provide a discussion on:- Management levels in an organisation (15) Two (2) functional areas. […]
Posted: June 5, 2023
Meal-kit delivery business UCOOK was launched just five short years ago with a clear mission to support local, small-scale food producers. With the onset of lockdown, the relationship with this artisanal supply chain has been brought to the fore as small businesses battle to make ends meet. It’s this challenge that has given rise to UCOOK’s most recent offering, the UCOOK Market Box. UCOOK CEO […]
Posted: June 2, 2023
XYZ Traders: DATA-SET PROVIDED FOR THE YEAR ENDED 31 DECEMBER 2022 Account Debit Credit Bank charges 1 300 Cleaning 1 500 Computer equipment 12 500 Cost of sales 32 000 Credit losses 420 Depreciation 2 300 Fuel and oil 56 000 Garden maintenance 1 300 Goods sold 125 000 Interest on loan 2 600 Interest […]
Posted: May 20, 2023
QUESTION ONE [30] Discuss the consumer equilibrium condition according to utility theory. (10) Discuss the concept of returns to scale in specific relation to the diagram below: (13) Differentiate between the market supply of labour curve and the individual supply of labour curve. (7) QUESTION TWO [30] Discuss the nature of the goods produced by firms in the following market structures: Perfect competition (4) Monopoly […]
Posted: May 3, 2023
QUESTION ONE [20] Critically Analyse the different Forms of Business Enterprises. QUESTION TWO [35] Which four entities are classified as profit companies and what are their characteristics? QUESTION THREE [35] 3.1 Model your understanding of Pre-incorporation Contracts with reference to relevant law. (17) 3.2 Discuss the Right of Pre-emption with reference to relevant legislation. (18) QUESTION FOUR [10] Differentiate between Amendment Acts and Regulation. Answers […]
Posted: May 1, 2023
QUESTION ONE [85] Maria Jacobs owns a stationery shop, Polka Dots, trading in stationery. The following information needs to be taken into account for the financial year ended 31 December 2022. Polka-Dots uses the Perpetual Inventory Method to record trading stock and is not registered as a VAT vendor. No Transactions that need to be taken into account for the 2022 financial year 1 Posters […]
Posted: April 30, 2023
