August 13, 2021

The technical coefficient matrix

A small economy has three main industries which are steel, motor vehicles and construction. The industries are interdependent. Each unit of steel output requires 0.2 units […]
August 13, 2021

Examples of key control questions

List and explain six examples of key control questions that would be suitable for inclusion in an ICEQ for a wages accounting system.
August 13, 2021

Internal Control Evaluation Questionnaire (ICEQ) and Internal Control Questionnaire (ICQ)

Explain how an Internal Control Evaluation Questionnaire (ICEQ) differs from an Internal Control Questionnaire (ICQ).
August 13, 2021

Flowchart to record an accounting system

Give and explain four merits and four demerits of using a flowchart to record an accounting system. (20 marks)
August 13, 2021

Input-output analysis

(a) Define the following terms as used in input-output analysis: (i) Transactions table. (3 marks) (ii) Primary inputs (3 marks) (iii) Technical coefficients. (3 marks) (b) […]
August 12, 2021

Project duration

Lilian is the project manager of J Construction Company. The Company is bidding on a contract to install telephone lines in a small town. It has […]
August 12, 2021

Attributes of the Beta distribution

State, and explain four attributes of the Beta distribution which made it to be chosen as the distribution of activity times in project evaluation and review […]
August 12, 2021

Auditing standard on subsequent events

The auditing standard on subsequent events provide the basic principles and procedures as to the auditor’s responsibilities and deal with: i. Dating the auditor’s report ii. […]
August 12, 2021

Using the maximin and minimax values in determining game values

Consider the two person zero sum game between players A and B given by the following pay-off table; Player B Strategies 1 2 3 4 Player […]
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