The matter listed below are always included in the internal control of a firm. You are required to explain the purpose of each of the items […]

Define the following terms as used in Markovian analysis: (i) Transition matrix (4 marks) (ii) Initial probability vector (2 mark) (iii) Equilibrium (2 mark) (iv) Absorbing […]

The following economic functions have been derived by the Finance Manager of a tea company: Qa = 3p2 – 4p and Qb = 24 – p2; […]

Gatheru and Kabiru Certified Public Accountants have recently started to give business advice to their clients. Acting as consultants, they have estimated the demand curve of […]

Write short notes on the following: (a) Industrial Building – “Hotel” ( 4 marks) (b) Exempt Dividend Income. ( 4 marks) (c) Non-Resident Individual ( 4 […]

Working papers provide the audit evidence. They can be categorized into: i. Auditors’ prepared working papers. ii. Client’s schedules used as working papers. iii. Audit programmes. […]

Two ACCA students were discussing the relationship between average cost and total cost. One student said that since average cost is obtained by dividing the cost […]

Consider a project which has been modeled as follows: Activity Immediate Predecessor (s) Completion Time (hours) A B C D – – A A 7 10 […]

Printa Limited is a large printing company, which has an on-line computer accounting system. The system is based around a central main frame computer, with terminals […]