Question 3b
Marking Guide
up to 1 mark per well described risk and up to 1 mark for each well explained response. overall max of 5 marks for risks and 5 marks for responses. | |
| treatment of $1·6m refurbishment expenditure | |
| disposal of warehouse | |
| bank loan of $1·5m | |
| attendance at year-end inventory counts | |
| inventory valuation | |
| transfer of opening balances from supermarkets to head office | |
| increased inherent risk of errors in finance department and new financial controller | |
| max marks | 10 |