Hba2303:Financial Accounting Question Paper
Hba2303:Financial Accounting
Course:Bachelor Of Commerce
Institution: Meru University Of Science And Technology question papers
Exam Year:2013
MERU UNIVERSITY OF SCIENCE AND TECHNOLOGY
University Examinations 2013/2014
FOURTH YEAR, FIRST SEMESTER EXAMINATION FOR DEGREE OF BACHELOR OF
COMMERCE
HBC 2225: FINANCIAL INFORMATION SYSTEMS
QUESTION ONE (30MARKS)
(a) Define a bug in financial modeling. (1 Mark) (b) Identify and analyze the common errors in financial models. (9 Marks) (c) Any financial modeling tool should exhibit certain features. Explain any five features of a good financial model. (10 Marks) (d) Describe the common ways of documenting an excel financial model. (10 Marks)
QUESTION TWO (20 MARKS)
As a financial analyst you have been approached by the management of Bora limited to help them develop a model that will enable them select the appropriate projects to undertake. Explain the steps that you will follow to develop such a model. (20 Marks)
QUESTION THREE (20 MARKS)
(a) Describe the major decisions that must be made in inventory control using inventory management models. (6 Marks)
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(b) In inventory management modeling it is difficult to develop a model based on ABC inventory management technique. Identity and explain the reasons that makes it difficult to develop ABC inventory model. (6 Marks) (c) As an investment advisor, you have been approached by Jane to assist her in developing a model to structure her portfolio. Discuss at least four variables to be included in this portfolio structuring model. (8 Marks)
QUESTION FOUR (20 MARKS)
(a) As a finance student you have been asked to develop a NPV capital budgeting model Required: (i) Identify and analyze the elements and variables that you will use in such a model. (10 Marks) (ii) Describe any three methods that you will use to test such a model. (6 Marks) (iii) Explain why it will be necessary to identify the uses of such a model. (4 Marks)
QUESTION FIVE (20 MARKS)
(a) Explain any five advantages of simulation. (10 Marks) (b) Identify and describe some of the variables involved in the development of a retirement planning model. (6 Marks) (c) Distinguish between budgeting and forecasting. (4 Marks)
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