how banks will have to adjust business continuity plan to deal with covid 19

Q: Loan structuring is the process of designing a loan to satisfy the financing demands of a business…

A:

Q: efly explain about Basic Concepts of the Bank's Financial Statements.

A: Financial statements (or financial reports) are formal records of a business, individual, or other…

Q: . is modifying the firm's credit collection policy with its customers Select one: a.Financial…

A: Credit Collection Period represents the average time taken to collect trade debts by the firm from…

Q: indicators that a company is doing an effective job at managing accounts receivable

A: Accounts receivable is the earnings of the company for which the payment has not been made by the…

Q: plain abo

A: Introduction : A bank can be understood as the type of financial entity that takes public deposits…

Q: Required: Prepare a bank reconciliation for Gates Company

A: Bank Reconciliation Statement refers to a statement that reconciles the bank balance as per company…

Q: The type of deposit account preferred by business organizations is: Current deposits Savings bank…

A: Bank offers different types of accounts named as savings, current overdraft, and many others…

Q: 7. How will you classify deposits by customers in Axis Bank? (A) Cash Flow from Operating Activities…

A: Cash flow Statement- it is a statement that shows flows of cash & cash equivalents i.e. the…

Q: Briefly explain about Managing Banking and financial services: Services offered through Banks.

A: Banking services refer to the facility provided by the banks. These are services provided by the…

Q: Effective credit management involves establishing credit standards for extending credit to…

A: a) How a company handles its credit accounts, including methods of invoicing and collecting past-due…

Q: Which should be recorded in accounts receivable? a. receivables from officers b. receivables from…

A: Accounts Receivable refers to the amount owed by the customers to a business for purchase of goods…

Q: which of the following source of finance relates to suppliers ? a. Commercial Paper b. Bank…

A: There are various sources of finance

Q: The chart of accounts must be tailorod to an organizations spocific needs. Discuss how the chart of…

A: Answer: Chart of accounts is the set of the financial accounts that is generally used by any…

Q: You have been employed as a business analyst for Kingdom Bank. Your main duties and responsibilities…

A: The business analyst of a bank performs the core financial functions of the bank. He/she requires…

Q: Match definitions with vocabulary terms) Use theseterms to complete the statements that follow. You…

A: Cash equivalents are those short term assets which can be converted into cash immediately or short…

Q: How does the FASB codification ASC 310-10-05-4 apply to banks and their accounting transactions? If…

A: The FASB codification 310-10-05-4 deals with the receivables during the year. receivable may arise…

Q: A company repays its bank borrowings.  The entry to record that transaction should be Group of…

A: Borrowing means where business taken loan from outsider to be used in business and repaid later.

Q: Choose the correct answer: 5. Which of the following is considered effective? a. Certificates of…

A: Money Market Checking Accounts: A money market account, sometimes known as a money market deposit…

Q: Why creditors control account may have debit balance

A: The creditor's control account displays the amount a firm has to give to the suppliers.

Q: PREPARE JO ing bank recc

A: Bank Reconcilation Bank reconciliation statement  is statement which shows the  reconcilation of  an…

Q: Identify the following users of accounting information as either an (a) external or (b) internal…

A: Answer: External user.

Q: business continuity plan recommendated for a bank dealing with COVID-19

A: COVID-19 has  impacted business across the globe and it continues to present  many unforeseen…

Q: ACTIVITY 2 BANK RECONCILIATION PROBLEM: Prepare a bank reconciliation statement using the adjusted…

A: Bank Reconciliation Statement(BRS) So for preparing BRS Statement we must; 1) Compare the Balances…

Q: Why do you think businesses extend credit to customers thereby creating accounts receivable?

A: Account receivable means where goods has been sold on credit and amount has not been received.…

Q: Describe the nature of banking. What are the functions of banks? Give

A: Banking refers to a broad range of financial institutions that hold funds for individuals,…

Q: Provide a breakdown of a banking institution's sources of revenue and categories of expenses

A: Banking institutions are one of the key financial institution of the economy. They primarily receive…

Q: Draw a flowchart of SWOT Analysis of retail banking.

A: A SWOT analysis is essentially the result of a brainstorming session and the identification and…

Q: How do each of the items in a firm’s credit policy—defined to include the credit period, the…

A: Strong credit policy indicates the effectiveness of credit management. The four components of credit…

Q: What are the steps involved in the preparation of Accounting bank Software? explain

A: The steps involved in the preparation of Accounting bank Software: Evaluate, plan and comprehend.…

Q: estion 05 a) Discuss the steps banks take to manage liquidity risk, credit risk, and interest-rate…

A: Credit, operational, market and liquidity risks are among the most serious threats that banks face.…

Q: What is a key prerequisite for using electronic bank account management (eBAM) to reduce paperwork?…

A: Electronic Bank Account Management (eBAM): When banks use an automation system to open, maintain and…

Q: Banking relates Banks provides The Banks heln

A: Explanation : The fact that banks are the backbone of every economy and provide high level of…

Q: List the ways in whichbanks deal with creditrisk

A: Credit risk in terms of banking industry refers to the risk exposure a bank faces when the borrower…

Q: Explain how suppliers and creditors use a customer’s payment practices to judge liquidity.

A: Introduction: Liquidity is the ability of the company to meet its immediate or short-term debt…

Q: Identify and explain the duties of collecting banks.

A: Collecting bank: Collecting banks are defined as those banks which collects money in favor of its…

Q: Discuss the difference between the financial reporting system and general ledger system.

A: A general ledger, or GL, is a system for recording all of a company's financial transactions.…

Q: you think switching to an IFRS formatted balance sheet with the accounts rearranged will affect…

A: Meaning if IFRS: It is a set of accounting standards developed by the International Accounting…

Q: Which of the following is an internal user of company's financial information? a. company treasurer…

A: Internal users of the financial information are the person whose interest is directly involved in…

Q: Effective credit management involves establishing credit standards for extending credit to…

A: Accounts receivable: When the seller sold the goods to the buyer on a credit basis of the specified…

Q: E4B. Items a-e bclow are a company's departments. Items f and g are firms with which the company has…

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…