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Access the National Bank of Oman home page and download the annual report of National Bank of Oman 2019 or You can directly access the annual report on the below link:

https://www.nbo.om/en/Pages/IR/Results-and-Reports.aspx And Download National Bank of Oman Annual reports and Accounts 2019.

Instructions

Use the 2019 Annual report of National Bank of Oman to answer the following questions:

1. 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.

[Marks (Words): 10(300)]

2. 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?

[Marks (Words): 10(300)]

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.

[Marks (Words): 10(200)]

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.

[Marks (Words): 10(200)]

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.

[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)]

8. 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 auditors 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)]

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