s- 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. [Marks (Words): 10(200)] 6- Statement of financial position can be prepared in vertical, net asset and horizontal format. What is the difference between these formats? Which format has been adopted by National Bank of Oman and what is the underlying assumption? Provide evidence from annual report. [Marks (Words): 10(200)] 7. What is meant by financial ratios? Explain the objectives of these ratios and what it portrays about the business. [Marks (Words) 10(200) - Calculate the liquidity ratio and profitability ratio of National Bank of Oman for 2018 and 2019 and comment on its result. [Marks (Words): 10(100)] 9. Who is the external auditor of National Bank of Oman? Write the summary on the components of external auditor's report and provide evidence from annual report of National Bank of Oman 2019. [Marks (Words): 10(200)] 10- Write a summary about the financial position of National Bank of Oman. Your summary should include the main financial data of the company 2018 and 2019. [Marks (Words): 10(200)] s- 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. [Marks (Words): 10(200)] 6- Statement of financial position can be prepared in vertical, net asset and horizontal format. What is the difference between these formats? Which format has been adopted by National Bank of Oman and what is the underlying assumption? Provide evidence from annual report. [Marks (Words): 10(200)] 7. What is meant by financial ratios? Explain the objectives of these ratios and what it portrays about the business. [Marks (Words) 10(200) - Calculate the liquidity ratio and profitability ratio of National Bank of Oman for 2018 and 2019 and comment on its result. [Marks (Words): 10(100)] 9. Who is the external auditor of National Bank of Oman? Write the summary on the components of external auditor's report and provide evidence from annual report of National Bank of Oman 2019. [Marks (Words): 10(200)] 10- Write a summary about the financial position of National Bank of Oman. Your summary should include the main financial data of the company 2018 and 2019. [Marks (Words): 10(200)]