Testing – NBC Institute

CR – May 2017 – L3 – Q3b – Impairment of Assets (IAS 36)

Identify indicators of impairment and discuss how to test for impairment of assets with dependent cash flows.

Question

IAS 36 stipulates how a company should test for impairment of assets. A multinational oil marketing company operating in Nigeria is not sure how to test for impairment of its assets, especially those that do not generate cash flows that are independent of other assets.

Required:

(i) Identify TWO external and TWO internal indicators that an asset of the multinational oil company may have been impaired. (2 Marks)

(ii) Briefly discuss how the multinational oil company should test for impairment of assets that do not generate independent cash flows. (6 Marks)

Answer

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Tags: Cash Flows, IAS 36, Impairment, Multinational Company, Testing
Level: Level 3

Topic: Impairment of Assets (IAS 36)

BMIS – Nov 2018 – L1 – Q1 – Introduction to information technology and information systems

Discuss the roles, features, testing, and benefits of a new enterprise-wide information system for Financial Service Overseas (FSO).

Question

Financial Service Overseas (FSO) is a regulator of all companies providing financial services. It currently uses ‘stand-alone’ or unrelated software applications to manage its business processes. The business processes include procurement, inventory control, accounts, clients, and monitoring. It is now considering whether an enterprise-wide system is a suitable replacement for all the unrelated software applications.

Required:

a) Identify FOUR (4) roles the new information system may play in FSO. (4 marks)

b) Explain TWO (2) features of an ‘enterprise-wide’ system. (4 marks)

c) Describe the types of test that should be conducted before the new information system goes ‘live’. (4 marks)

d) Describe THREE (3) benefits an information system built around a database should bring to an organization. (8 marks)

Answer

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Tags: Database, Enterprise-wide System, Information Systems, IT Benefits, Testing
Level: Level 1

Topic: Introduction to information technology and information systems
Series: NOV 2018

CR – May 2017 – L3 – Q3b – Impairment of Assets (IAS 36)

Identify indicators of impairment and discuss how to test for impairment of assets with dependent cash flows.

Question

Required:

(i) Identify TWO external and TWO internal indicators that an asset of the multinational oil company may have been impaired. (2 Marks)

(ii) Briefly discuss how the multinational oil company should test for impairment of assets that do not generate independent cash flows. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Cash Flows, IAS 36, Impairment, Multinational Company, Testing
Level: Level 3

Topic: Impairment of Assets (IAS 36)

BMIS – Nov 2018 – L1 – Q1 – Introduction to information technology and information systems

Discuss the roles, features, testing, and benefits of a new enterprise-wide information system for Financial Service Overseas (FSO).

Question

Required:

a) Identify FOUR (4) roles the new information system may play in FSO. (4 marks)

b) Explain TWO (2) features of an ‘enterprise-wide’ system. (4 marks)

c) Describe the types of test that should be conducted before the new information system goes ‘live’. (4 marks)

d) Describe THREE (3) benefits an information system built around a database should bring to an organization. (8 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Database, Enterprise-wide System, Information Systems, IT Benefits, Testing
Level: Level 1

Topic: Introduction to information technology and information systems
Series: NOV 2018

Question Tag: Testing

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CR – May 2017 – L3 – Q3b – Impairment of Assets (IAS 36)

Identify indicators of impairment and discuss how to test for impairment of assets with dependent cash flows.

BMIS – Nov 2018 – L1 – Q1 – Introduction to information technology and information systems

Discuss the roles, features, testing, and benefits of a new enterprise-wide information system for Financial Service Overseas (FSO).

CR – May 2017 – L3 – Q3b – Impairment of Assets (IAS 36)

Identify indicators of impairment and discuss how to test for impairment of assets with dependent cash flows.

BMIS – Nov 2018 – L1 – Q1 – Introduction to information technology and information systems

Discuss the roles, features, testing, and benefits of a new enterprise-wide information system for Financial Service Overseas (FSO).

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CR – May 2017 – L3 – Q3b – Impairment of Assets (IAS 36)

Identify indicators of impairment and discuss how to test for impairment of assets with dependent cash flows.

You're reporting an error for "CR – May 2017 – L3 – Q3b – Impairment of Assets (IAS 36)"

BMIS – Nov 2018 – L1 – Q1 – Introduction to information technology and information systems

Discuss the roles, features, testing, and benefits of a new enterprise-wide information system for Financial Service Overseas (FSO).

You're reporting an error for "BMIS – Nov 2018 – L1 – Q1 – Introduction to information technology and information systems"

CR – May 2017 – L3 – Q3b – Impairment of Assets (IAS 36)

Identify indicators of impairment and discuss how to test for impairment of assets with dependent cash flows.

You're reporting an error for "CR – May 2017 – L3 – Q3b – Impairment of Assets (IAS 36)"

BMIS – Nov 2018 – L1 – Q1 – Introduction to information technology and information systems

Discuss the roles, features, testing, and benefits of a new enterprise-wide information system for Financial Service Overseas (FSO).

You're reporting an error for "BMIS – Nov 2018 – L1 – Q1 – Introduction to information technology and information systems"

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