Page 229 - E1 Integrated Workbook STUDENT 2018
P. 229
Answers to supplementary objective test questions
16 A, C and D
A statement of tax liability would be part of the reporting requirements to the tax
authorities rather than the financial statements
Although companies do report financial performance, this will be in the form of
the Statement of profit and loss.
17 C
By definition
The first option describes outsourcing
The second option describes insourcing
The last option describes offshoring
18 By definition:
Stage Description
Each task performed within the organisation or
Process department being reengineered is broken down into a
identification series of processes. Each process is recorded and
analysed.
Those processes which are not adding value, or which
Process are not essential to supporting a value adding process
rationalisation
are discarded.
The remaining processes are amended so that they work
in the most efficient way possible. At this stage detailed
Process redesign
operating procedures need to be produced for all
processes that are to be performed manually.
The reengineered processes are implemented, resulting
Process in tasks, departments and an organisation that work in
reassembly
the most efficient manner.
19 A, C and E
Labour time for running the system and the provision of a support function are
part of ongoing costs.
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