Explain the purpose of a value for money audit

Q: Explain the importance of cashflow statements.

A: Cash flow statement is one of the important financial statement that is being prepared by the…

Q: of computing vat payable

A: VAT refers to the type of tax imposed by the government over the sale of goods and services.

Q: Explain how electronic funds transfers can result in better internal control?

A: Internal control refers to the process of ensuring the organization’s objectives/goals in achieving…

Q: What is a value-for-money (VFM) audit? Give one example

A: Auditing: Auditing is the practice of verification of the data and records that are prepared. It is…

Q: Explain the meaning of asset and liability management through the Pool Fund Approach.

A: Asset/liability management is the technique of controlling the use of assets and cash flows in order…

Q: financial management is mainly concerned with obtaining required funds in the appropriate mix and…

A: Financial management refers to the strategic planning, organizing, directing, and controlling of…

Q: How integration of IT and Financial audit done and benefits derived?

A: Here discuss about the benefits which are associated with the financial Audit while integrate with…

Q: How do you think the misstatement of funds will impact the income statement and balance sheet?

A: Income statement is a statement which shows all income and expenses of the business with calculation…

Q: Using an example, compare and contrast physical delivery and cash settlement?

A: The two most prevalent stock derivatives traded on a stock market are futures and options. These are…

Q: What is the effective utilization of funds

A: Introduction: While all aspects of money planning are critical, special emphasis is placed on fund…

Q: How is the directional risk of cash applied in determining the  appropriate audit procedures to be…

A: Cash is a type of asset which very essential in terms of Accounting as well as Economics.As cash is…

Q: Explain the significance of time value of money in financial valuation?

A: Time value of money means the value of a sum of money in future is not the same as the value of…

Q: What are the Important elements of a cash disbursement control system?

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: define and describe the concept of money multiplier.

A: The Money Multiplier refers to how an initial deposit can lead to a bigger final increase in the…

Q: What are the benefits of Relevant Cash-Flow Information?

A:

Q: Jose owes Pedro the sum of P 10,000 due on Dec.31,1978, and P 6,000. Due Dec.31,1980. However, with…

A: The formula to calculate amount when compounding interest is charged is  Amount = Principal ( 1 + r…

Q: Explain Movement of Funds through Financial Environment.

A: The financial environment includes investors, firms, and markets as the major player. This sector…

Q: Explain the difference between cash flow statement and fund flow statement and identify why…

A: The Cash Flow Statement is a financial statement that provides information about the cash inflows…

Q: ow core deposits and purchased funds work ?

A: Commercial banks: It is the financial institution that accepts deposits from the public and gives…

Q: Define Cashbook and also explain their types.

A: Cash book is a form of record keeping book which shows all cash receipts and cash payments of the…

Q: what apposing goals must be achieved in cash management?

A: Cash Management is the process of collecting the cash from various resources and effectively…

Q: What is meant by fund accounting?

A: Fund accounting is a accounting method used by non profits entities or government organisations…

Q: Explain audited value.

A: The term review ordinarily alludes to a business enterprise report review. A financial review could…