Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the 2019 Annual report of National Bank of Oman to answer the following questions: 1- Different forms of business organizations are governed by different

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

1-Different forms of business organizations are governed by different regulations. List and briefly explain the different forms of business organizations. Identify under which category of business organization the National Bank of Oman bank falls, support your answer from the annual report of National Bank of Oman 2019.

[Marks (Words): 10(300)]

2-Measurement means the process of determining the monetary amount at which the elements of the financial statements are to be included in the balance sheet and income statement. The IASB Framework includes the four bases of measurement. Explain these four bases of measurement with example. Identify that which measurement bases is used by National Bank of Oman in preparing their financial statements?

[Marks (Words): 10(300)]

3-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.

[Marks (Words): 10(200)]

4-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.

[Marks (Words): 10(200)]

5-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.

[Marks (Words): 10(200)]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

College Mathematics For Business Economics, Life Sciences, And Social Sciences

Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker

14th Edition

0134674146, 978-0134674148

More Books

Students also viewed these Finance questions