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Define and explain the relevance of the following accounting concepts going concern (2 Marks) prudence (2 Marks) objectivity (2 Marks) relevance (2 Marks)

QUESTION 1 (23 MARKS)
Strategic planning is the process of formulating and implementing decisions about a microfinance’s
future direction making. Clearly describe the formulation and implementations processes. (23 Marks)
QUESTION 2 (23 MARKS)
a)
Define and explain the relevance of the following accounting concepts
going concern (2 Marks)
prudence (2 Marks)
objectivity (2 Marks)
relevance (2 Marks)
b) What is the significance of preparing a cash budget in a business?
(7 Marks)
c) Define delinquency and explain how an MFI can reduce delinquency of its loan portfolio
(8 Marks)

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Synthesis paper to focus on organization theories, organization systems, and organization functional components, and it examines various business principles and practices. As Hatch (2006) suggests, the complexity of organization theory makes it difficult to address and understand. Write an academic paper, apply theories of organization to critically analyze the organization as an arrangement of systems and develop a holistic understanding of its interrelated, interdependent functions

March 14, 2015 10:51 am
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