Use the 2019 Annual report of National Bank of Oman to answer the following questions:1-  2-          
Different forms of business organizations are governed by different regulations. List and briefly explain the different forms of business organizations. Identify under which category of business organization the National Bank of Oman bank falls, support your answer from the annual report of National Bank of Oman 2019.

Measurement means the process of determining the monetary amount at which the elements of the financial statements are to be included in the balance sheet and income statement. The IASB Framework includes the four bases of measurement. Explain these four bases of measurement with example. Identify that which measurement bases is used by National Bank of Oman in preparing their financial statements?

3-    IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the role of these two models for National Bank of Oman and describe the depreciation methods used by National Bank of Oman.

4-    The sources of company finances may be various and complicated. Equity capital is the main source of company finances, what are the different types of share capital, explain. Also identify the different forms of share capital from annual report of National Bank of Oman

5-  The IASB Framework sets out the underlying assumptions on which financial statements should be prepared, namely the accruals basis and the going concern basis. Explain why the going concern basis is important in understanding National Bank of Oman financial statement; Support your answer with evidence from National Bank of Oman annual report.

Answer rating: 100% (QA)

List and briefly explain the different forms of business organizations 1Sole Proprietorship The simplest and most common form of business ownership sole proprietorship is a business owned and run by s... View the full answer