1. StateTHREE(3) types of source document from which information can be obtained for decision making in a company.

2. a) Explain the term job costing.

OutlineONE(1) advantage andONE(1) disadvantage of job costing.

3. Procurement Planning is important because it allows planners to determine if expectations are realistic; particularly the expectations of the requesting entities, which usually expect their requirements met on short notice and over a shorter period than the application of the corresponding procurement method allows.

Explain the procurement process.

4. ExplainTWO (2)reasons for adhering to industry standards and organisational aims and timelines when providing fiscal management.

5. Explain the importance of practicing professional ethics when preparing budgets and forecast?

6. Johnson Electrical Supplies has experienced repeated losses over the pastthree(3) years. The finding from an audit stated that lack of budgetary control measures was a major contributor to the organisation's financial failures.

OutlineTWO(2) reasons for implementing budgets.

7. Every decision made by executives today should take into consider some kind of forecast. Sound predictions of demands and trends are no longer luxury items, but a necessity, if managers are to cope with seasonality, sudden changes in demand levels, and price-cutting manoeuvres of the competition, strikes, and large swings of the economy.

a) Differentiate between Quantitative and Qualitative forecasting Techniques.

b) GiveONE(1) example of each technique.

8. SuggestTWO(2) factors to consider when forecasting estimates.

9. DetermineThree(3) possible reasons for variances in financial documents.

10. OutlineTWO(2) procedures for validating accounting documents before processing

11. DiscussTWO(2) industry and legislative requirements that must be adhered to in an organisation when handling financial transaction.

12. Explain the term customer credit rating.

13. Do an essay on the topic stated below.

Sara Martin the owner of Sara Beautiful Hair has approached you for advice. Susan the person in charge of petty cash is always running short of cash around the middle of the month. She keeps the petty cash box key in her table drawer. People tend to request cash from her when she is busy. When this happens, she gives them the keys and asks them to take the amount required. She expects them to jot down the amount taken.

Do an essay discussing the importance of implementing a plan of control over the petty cash system in the company.