Access the National Bank of Oman home page and download the annual report of National Bank of Oman 2019 or You can directly access the annual report on the below link:

https://www.nbo.om/en/Pages/IR/Results-and-Reports.aspxAnd Download National Bank of Oman Annual reports and Accounts 2019.

Instructions

Use the 2019 Annual report of National Bank of Oman to answer the following questions:

Q:1 IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the role of these two models for National Bank of Oman and describe the depreciation methods used by National Bank of Oman.

Q:2 The sources of company finances may be various and complicated. Equity capital is the main source of company finances, what are the different types of share capital, explain. Also identify the different forms of share capital from annual report of National Bank of Oman.

Q:3 The IASB Framework sets out the underlying assumptions on which financial statements should be prepared, namely the accruals basis and the going concern basis. Explain why the going concern basis is important in understanding National Bank of Oman financial statement; Support your answer with evidence from National Bank of Oman annual report.