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[SIZE=3]Accountancy And Auditing Paper-I[/SIZE]
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Those who have Accounting as their optional sub, plz answer this question of 2012:

Q: Explain how the typical corporate firm is organised as it relates to the financial management function?

Q: Explain how the typical corporate firm is organised as it relates to the financial management function?

There's a Finance department headed by a CFO/Director Finance, etc, assisted by two key persons i.e. Controller and Treasurer. Controller is responsible for accounts related matters while Treasurer and his team perform financial management functions like investment appraisal, arranging funds, dividend policy, etc.
That's what I wrote, don't know how far correct.

Thanks for your reply.

Your answer matches to greater extent to that of mine. My answer was as follows.

Firstly i explained the financial management function. Mainly it performs two major functions, those are finance and investment functions. In order to perform these two functions effectively and efficiently, a corporate firm is organised in a suitable manner. There is a finance dept. It is headed by finance head or director. Under him are many sub-units such as asset manager, equity manger, liability etc manager. All of these parts contribute to the efficient financial management function.

use of scientific calculator
 

seniors lz tell me can we use scientific calculator in this paper as it is written there on paper that normal calculator can be used

[QUOTE]seniors lz tell me can we use scientific calculator in this paper as it is written there on paper that normal calculator can be used[/QUOTE]
scientific calculator is prohibited. i remember two of my friends were using scientific calculator during 2010 attempt. on seeing them, the invigilator captured their calculator under his custody. so my friends were very disheartened at this happening as their attempt was at risk. so i advise you to use simple calculator. on the other hand, you can attempt the paper with simple calculator; there is no need of scientific calculator.

Tax rates for Income tax portion
 

I am lil but confused regarding the income tax section.....there is always a numerical question in this section that requires to calculate tax payable....i want to know for this purpose shud we refer the current tax slab means if we are required to calculate the tax payable for the period 2011-2012 then the respective tax rates shud be used or we are supposed to calculate the tax payable on the basis of hypothetical rates?....second thing i want to know that do they publish every year a new edition for income tax buk coz i have heard that every year some changes are made in income tax law...so if it is written to get the latest edition then does it mean that we are supposed to refer this years edition....kindly answer my long query

can anybody tells me how to prepare this subject and what books are required for its preparation? i did MBA.

[QUOTE=Ahmed Faisal;463912]can anybody tells me how to prepare this subject and what books are required for its preparation? i did MBA.[/QUOTE]
[url]http://www.cssforum.com.pk/css-optional-subjects/group/accounting-auditing/65013-how-prepare-accounting.html[/url]


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