Task 1:

Question 1: Assess the need for capital in banks

Task 2:

Question 1:Using examples apply the 5-step model of revenue recognition.

Question 2:Critically evaluate the need for classification of assets (loans)

Question 3:Read Circular BM 977 and assess the criteria used for classification of loans by the Central Bank of Oman.

Task 3:

Question1: Explain the reserve requirements for bank as provided in the Banking Law of Oman and the Commercial Company Law of Oman

Question 2: Assess the reasons why banks are required to maintain different types of reserves with the Central bank of Oman