E-commerce – NBC Institute

PM – Nov 2015 – L2 – Q4 – Strategic Management Accounting

Examine strategic and performance issues MOOJ Ltd. must consider before adopting internet trading.

Question

The existing business of MOOJ Ltd. is very profitable, with forecasts for the next year
showing that this trend of profitability will continue.
MOOJ Limited manufactures all of its own clothes, and then sells these direct to the
public through 105 branches located around Nigeria. The branches are not run as profit
centres; prices are set centrally for the clothes and the costs of each branch are
monitored at the Head Office. Surprisingly, there is no minimum or maximum turnover
requirement for each branch. In the company‟s view, this enables staff to focus on
customer service without the concern of meeting a profit figure. The strategy obviously
works well, given the company‟s results.
The existing Information Technology (IT) infrastructure is based around each shop
maintaining its own inventory records. There is no Wide Area Network (WAN) and Head
Office has few integrated systems.
The Directors recognise that the current IT infrastructure of MOOJ Limited is inadequate
for Internet trading.
The Board of MOOJ Limited is currently discussing whether or not to start selling clothes
on the Internet.

Required:
Identify and discuss the strategic and performance management issues that the Board of
MOOJ Limited will have to address prior to a decision being taken regarding trading on
the Internet.

Answer

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Tags: Corporate Image, E-commerce, Internet Security, IT infrastructure, Strategic Planning
Level: Level 2

Topic: Strategic Management Accounting
Series: NOV 2015

TAX – May 2021 – L1 – SB – Q2b – Tax Administration and Enforcement

Discussion of the tax complexities arising from e-commerce and e-business.

Question

“E-commerce” and e-business present a major challenge for tax administrators given the often multi-jurisdictional nature of the transactions and the potential anonymity of the parties. Based on the above, it is, therefore, crucial to give the subject a critical examination through the lenses of relevant statutes.

Required:
State the tax complexities of “e-commerce” and “e-business”. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-Business, E-commerce, Multijurisdictional Transactions, Taxation
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

MI – May 2022 – L1 – SB – Q6c – Electronic Business and E-Commerce

Identify two reasons why e-commerce and e-business sites fail.

Question

Identify TWO reasons why e-commerce and e-business sites fail.

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-Business, E-commerce, Failure
Level: Level 1

Topic: Electronic Business and E-Commerce
Series: MAY 2022

BL – May 2017 – L1 – SB – Q4b – Law of Contract

Identifies the different types of electronic contracts.

Question

Electronic contracts vary in types from paper and parol contracts.

Required:
State THREE types of e-contract.

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-commerce, Electronic Contracts, Types of Contracts
Level: Level 1

Topic: Law of Contract
Series: MAY 2017

MI – Nov 2019 – L1 – SA – Q20 – Electronic Business and E-Commerce

This question asks to identify which of the following is not a type of web hosting.

Question

Which of the following is NOT a type of web hosting?
A. Co-location
B. Reseller
C. Bandwidth
D. Dedicated
E. Free

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-commerce, Management Information, MCQ, Web Hosting
Level: Level 1

Topic: Electronic Business and E-Commerce
Series: NOV 2019

MI – Mar-Jul 2020 – L1 – SA – Q18 – Electronic Business and E-Commerce

Identify the method that is not commonly used for online payment.

Question

The following are the most common methods of online payment, EXCEPT:

A. Mobile Payments
B. Bank Transfers
C. e-wallets
D. Internet Banking
E. Direct Deposit

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-commerce, Online Payment, Payment Systems
Level: Level 1

Topic: Electronic Business and E-Commerce
Series: MAR/JULY 2020

AAA – April 2022 – L3 – Q1c – Audit evidence, Assurance services

Discuss the challenges and audit approaches in performing an assurance engagement on an electronic processing system.

Question

K. O. and Associates, a firm of Chartered Accountants, has accepted a statutory audit engagement from Special Cream Ltd, a bookshop with many sales points across the country. In 2021, the company implemented a computerised system that has been networked to all sales points to the Head Office in Accra. In the middle of 2021, the company started accepting mobile money as a means of payment in addition to cash and cheque payment. Mobile money payments are confirmed with an accounts staff before books are supplied.

In planning the audit of Special Cream Ltd, the Audit Manager, Samuel Alhassan, identified risks associated with electronic processing systems which provide additional challenges for auditors.

Required: i) Discuss FOUR (4) challenges K. O. and Associates would encounter in performing an assurance engagement on the electronic processing system. (4 marks)

ii) Discuss FOUR (4) audit approaches K. O. and Associates should adopt in performing an assurance engagement on an electronic processing system. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assurance Engagement, Audit Approaches, Audit Challenges, Audit Planning, Audit risks, E-commerce, Electronic Processing System
Level: Level 3

Topic: Assurance services, Audit evidence
Series: APR 2022

PM – Nov 2015 – L2 – Q4 – Strategic Management Accounting

Examine strategic and performance issues MOOJ Ltd. must consider before adopting internet trading.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Corporate Image, E-commerce, Internet Security, IT infrastructure, Strategic Planning
Level: Level 2

Topic: Strategic Management Accounting
Series: NOV 2015

TAX – May 2021 – L1 – SB – Q2b – Tax Administration and Enforcement

Discussion of the tax complexities arising from e-commerce and e-business.

Question

Required:
State the tax complexities of “e-commerce” and “e-business”. (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-Business, E-commerce, Multijurisdictional Transactions, Taxation
Level: Level 1

Topic: Tax Administration and Enforcement
Series: MAY 2021

MI – May 2022 – L1 – SB – Q6c – Electronic Business and E-Commerce

Identify two reasons why e-commerce and e-business sites fail.

Question

Identify TWO reasons why e-commerce and e-business sites fail.

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-Business, E-commerce, Failure
Level: Level 1

Topic: Electronic Business and E-Commerce
Series: MAY 2022

BL – May 2017 – L1 – SB – Q4b – Law of Contract

Identifies the different types of electronic contracts.

Question

Electronic contracts vary in types from paper and parol contracts.

Required:
State THREE types of e-contract.

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-commerce, Electronic Contracts, Types of Contracts
Level: Level 1

Topic: Law of Contract
Series: MAY 2017

MI – Nov 2019 – L1 – SA – Q20 – Electronic Business and E-Commerce

This question asks to identify which of the following is not a type of web hosting.

Question

Which of the following is NOT a type of web hosting?
A. Co-location
B. Reseller
C. Bandwidth
D. Dedicated
E. Free

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-commerce, Management Information, MCQ, Web Hosting
Level: Level 1

Topic: Electronic Business and E-Commerce
Series: NOV 2019

MI – Mar-Jul 2020 – L1 – SA – Q18 – Electronic Business and E-Commerce

Identify the method that is not commonly used for online payment.

Question

The following are the most common methods of online payment, EXCEPT:

A. Mobile Payments
B. Bank Transfers
C. e-wallets
D. Internet Banking
E. Direct Deposit

Answer

Find Related Questions by Tags, levels, etc.

Tags: E-commerce, Online Payment, Payment Systems
Level: Level 1

Topic: Electronic Business and E-Commerce
Series: MAR/JULY 2020

AAA – April 2022 – L3 – Q1c – Audit evidence, Assurance services

Discuss the challenges and audit approaches in performing an assurance engagement on an electronic processing system.

Question

In planning the audit of Special Cream Ltd, the Audit Manager, Samuel Alhassan, identified risks associated with electronic processing systems which provide additional challenges for auditors.

Required: i) Discuss FOUR (4) challenges K. O. and Associates would encounter in performing an assurance engagement on the electronic processing system. (4 marks)

ii) Discuss FOUR (4) audit approaches K. O. and Associates should adopt in performing an assurance engagement on an electronic processing system. (6 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Assurance Engagement, Audit Approaches, Audit Challenges, Audit Planning, Audit risks, E-commerce, Electronic Processing System
Level: Level 3

Topic: Assurance services, Audit evidence
Series: APR 2022

Question Tag: E-commerce

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PM – Nov 2015 – L2 – Q4 – Strategic Management Accounting

Examine strategic and performance issues MOOJ Ltd. must consider before adopting internet trading.

TAX – May 2021 – L1 – SB – Q2b – Tax Administration and Enforcement

Discussion of the tax complexities arising from e-commerce and e-business.

MI – May 2022 – L1 – SB – Q6c – Electronic Business and E-Commerce

Identify two reasons why e-commerce and e-business sites fail.

BL – May 2017 – L1 – SB – Q4b – Law of Contract

Identifies the different types of electronic contracts.

MI – Nov 2019 – L1 – SA – Q20 – Electronic Business and E-Commerce

This question asks to identify which of the following is not a type of web hosting.

MI – Mar-Jul 2020 – L1 – SA – Q18 – Electronic Business and E-Commerce

Identify the method that is not commonly used for online payment.

AAA – April 2022 – L3 – Q1c – Audit evidence, Assurance services

Discuss the challenges and audit approaches in performing an assurance engagement on an electronic processing system.

PM – Nov 2015 – L2 – Q4 – Strategic Management Accounting

Examine strategic and performance issues MOOJ Ltd. must consider before adopting internet trading.

TAX – May 2021 – L1 – SB – Q2b – Tax Administration and Enforcement

Discussion of the tax complexities arising from e-commerce and e-business.

MI – May 2022 – L1 – SB – Q6c – Electronic Business and E-Commerce

Identify two reasons why e-commerce and e-business sites fail.

BL – May 2017 – L1 – SB – Q4b – Law of Contract

Identifies the different types of electronic contracts.

MI – Nov 2019 – L1 – SA – Q20 – Electronic Business and E-Commerce

This question asks to identify which of the following is not a type of web hosting.

MI – Mar-Jul 2020 – L1 – SA – Q18 – Electronic Business and E-Commerce

Identify the method that is not commonly used for online payment.

AAA – April 2022 – L3 – Q1c – Audit evidence, Assurance services

Discuss the challenges and audit approaches in performing an assurance engagement on an electronic processing system.

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Question Tag: E-commerce

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PM – Nov 2015 – L2 – Q4 – Strategic Management Accounting

Examine strategic and performance issues MOOJ Ltd. must consider before adopting internet trading.

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TAX – May 2021 – L1 – SB – Q2b – Tax Administration and Enforcement

Discussion of the tax complexities arising from e-commerce and e-business.

You're reporting an error for "TAX – May 2021 – L1 – SB – Q2b – Tax Administration and Enforcement"

MI – May 2022 – L1 – SB – Q6c – Electronic Business and E-Commerce

Identify two reasons why e-commerce and e-business sites fail.

You're reporting an error for "MI – May 2022 – L1 – SB – Q6c – Electronic Business and E-Commerce"

BL – May 2017 – L1 – SB – Q4b – Law of Contract

Identifies the different types of electronic contracts.

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MI – Nov 2019 – L1 – SA – Q20 – Electronic Business and E-Commerce

This question asks to identify which of the following is not a type of web hosting.

You're reporting an error for "MI – Nov 2019 – L1 – SA – Q20 – Electronic Business and E-Commerce"

MI – Mar-Jul 2020 – L1 – SA – Q18 – Electronic Business and E-Commerce

Identify the method that is not commonly used for online payment.

You're reporting an error for "MI – Mar-Jul 2020 – L1 – SA – Q18 – Electronic Business and E-Commerce"

AAA – April 2022 – L3 – Q1c – Audit evidence, Assurance services

Discuss the challenges and audit approaches in performing an assurance engagement on an electronic processing system.

You're reporting an error for "AAA – April 2022 – L3 – Q1c – Audit evidence, Assurance services"

PM – Nov 2015 – L2 – Q4 – Strategic Management Accounting

Examine strategic and performance issues MOOJ Ltd. must consider before adopting internet trading.

You're reporting an error for "PM – Nov 2015 – L2 – Q4 – Strategic Management Accounting"

TAX – May 2021 – L1 – SB – Q2b – Tax Administration and Enforcement

Discussion of the tax complexities arising from e-commerce and e-business.

You're reporting an error for "TAX – May 2021 – L1 – SB – Q2b – Tax Administration and Enforcement"

MI – May 2022 – L1 – SB – Q6c – Electronic Business and E-Commerce

Identify two reasons why e-commerce and e-business sites fail.

You're reporting an error for "MI – May 2022 – L1 – SB – Q6c – Electronic Business and E-Commerce"

BL – May 2017 – L1 – SB – Q4b – Law of Contract

Identifies the different types of electronic contracts.

You're reporting an error for "BL – May 2017 – L1 – SB – Q4b – Law of Contract"

MI – Nov 2019 – L1 – SA – Q20 – Electronic Business and E-Commerce

This question asks to identify which of the following is not a type of web hosting.

You're reporting an error for "MI – Nov 2019 – L1 – SA – Q20 – Electronic Business and E-Commerce"

MI – Mar-Jul 2020 – L1 – SA – Q18 – Electronic Business and E-Commerce

Identify the method that is not commonly used for online payment.

You're reporting an error for "MI – Mar-Jul 2020 – L1 – SA – Q18 – Electronic Business and E-Commerce"

AAA – April 2022 – L3 – Q1c – Audit evidence, Assurance services

Discuss the challenges and audit approaches in performing an assurance engagement on an electronic processing system.

You're reporting an error for "AAA – April 2022 – L3 – Q1c – Audit evidence, Assurance services"

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