Day: February 9, 2021

MOCK FOUR       QUESTION ONE   a) Internal control systems are designed, amongst other things, to prevent error and misappropriation.   Required:   Describe the errors and misappropriations that may occur if the following are not properly controlled: Read More …

KENYA ACCOUNTANTS AND SECRETARIES NATIONAL EXAMINATION BOARD CPA AUDITING   JUNE 2012                                                                                                    3 hours   Answer any FIVE questions. ALL questions carry equal marks.    QUESTION ONE (a)         List and briefly explain four objectives of an audit of Read More …

TOPIC 8   CAPITAL BUDGETING UNDER CERTAINTY   QUESTION 1 c) Explain why capital budgeting decisions are important. c) (i) Why capital budgeting decisions are important The long-term investment decision is called capital budgeting.   It is important because of the Read More …

TOPIC 12   PUBLIC FINANCE   QUESTION 1 a) Explain the concept of public enterprise restructuring. QUESTION 1 a) Explain what a public enterprise is Public enterprise restructuring involves turning around public enterprises to convert them from inefficient loss making Read More …

QUESTIONS AND ANSWERS Question 1 Many organizational decisions are made by groups in form of committees, task forces, review panels, study teams or similar groups. What are the advantages and disadvantages of group decision making? Question 2 A marketing director Read More …

Questions and Answers Question 1 With the help of examples, evaluate the statement that “the leader is more important than the followers as the key to an organization’s success”. Question 2 a) Define the “Peter Principle” as a management concept. Read More …

QUESTIONS AND ANSWERS Question 1 “Some management experts feel that control (that is, setting standards, measuring performance against them and taking corrective action when needed) hinders creativity. Others take the opposite view”. With the help of examples give arguments in Read More …