Q1. Give a numerical example for Variable Costing Contribution Format Income Statement that is used for the internal decision-making and compare with the traditional income statement prepared by absorption costing that is used for the external reporting. Prepare the two income statements assuming the following (2.5 marks) There is no inventory.There is beginning inventory.There is […]

Q1. Explain how do Commercial banks resemble securities firms and explain the special nature for structures of their financial statements? Answer: (200-400 words ) Q2. List methods financial institutions may disclose their exposure to each type of market risk and explain Value-at-risk approach? Answer: (200-400 words )note: avoid plagiarism other wise you will receive zero […]

Q1. Analyze some examples of relevant and irrelevant Cash Flows for one Saudi Company?Q2. a – Discuss why managers estimate a cost function and use Cost volume Profit analysis? Give numerical example of cost function and Cost Volume Profit Analysis and analyze how it will be used by managers?b- Suppose actual costs are higher than […]

Q1. ABC prepares budgets for the quarter ending sept.30. Sales in units: July 20,000, August 50,000, September.30, 000, Oct. 25,000. Selling price is SR 10 per unit. , inventory in June 31, is 4,000 units. Desired inventory is 20% of the next month sales. Required: Prepare sales and production budgets. ANSWER: Q2. ABC Company has […]

Q1. A Saudi individual has submitted his zakat return including the following information for 1439H (amounts in SR) (2 Marks) 1. Owns an investment building at a book value of 200,000 and with market value of 300,000, the investment building produced a monthly rental value of 10,000, actual total expenses incurred of getting the income […]