Organisation : Department of Basic Education (DBE)
Exam Name : National Senior Certificate (NSC) / Senior Certificate (SC) Examinations
Facility : Download Exam Papers
Month &Year : May/June 2023
Subject : Accounting
Medium : English
Paper : Paper 1& 2
Country : South Africa
Website : https://www.education.gov.za/Curriculum/NationalSeniorCertificate(NSC)Examinations/2023MayJuneExamPapers.aspx
DBE NSC/SC Accounting Exam Papers
Download Department of Basic Education (DBE) National Senior Certificate (NSC) / Senior Certificate (SC) Examinations May/June 2023 Accounting Paer 1& 2 (English) Exam Papers
Related / Similar Question Paper : DBE NSC/SC Agricultural Management Practices Exam Papers May/June 2023
Question : Interpretation Of Financial Information
You are provided with information relating to Qumbu Ltd for the year ended 28 February 2023.
Required:
Note: Provide financial indicators with figures and trends to support your comments or explanations (where applicable).
3.1 Liquidity:
Explain whether or not the company is managing their working capital efficiently. Quote TWO financial indicators. (5)
3.2 % shareholding:
Denise Taylor, the CEO, owned 540 000 shares in the company on 1 March 2022. She continued to buy additional shares on the JSE at various times during the year. On 28 February 2023, Denise became the majority shareholder as she then owned 51% of the shares in issue.
** Calculate the total number of additional shares that Denise purchased. (4)
** Give ONE possible reason why Denise was determined to become the majority shareholder. (2)
3.3 Decisions by directors, risk and gearing:
3.3.1 The Cash Flow Statement revealed decisions taken by the directors.
** Identify TWO major decisions taken by the directors in 2023 that were different to those from the previous year.
** Give ONE reason for these decisions. (6)
3.3.2 Explain the impact of these decisions on the degree of financial risk over the two years. Quote ONE financial indicator. (3)
3.3.3 Explain how these decisions affected the gearing of the company. Quote ONE financial indicator. (4)
3.4 Dividends and earnings:
3.4.1 Certain shareholders expressed concern about the change in the dividend payout policy. Explain TWO points to support their opinion. (4)
3.4.2 Explain whether shareholders would be satisfied with the trend in the % return and earnings of the company, as well as the dividends they earned. Quote TWO financial indicators. (6)
3.5 Comments at the annual general meeting:
Some shareholders are angry about the trends of the following two issues relating to the performance of the company:
** Cash and cash equivalents at the end of the year
** The market price of the shares on the JSE
In EACH case, provide evidence for the shareholders’ concerns over these trends, and explain why they would be concerned about the future prospects for the company.
Download DBE NSC/SC Accounting Exam Papers
Download Accounting Paper 1 Here : https://www.southafricain.com/uploads/pdf2024/31383-a1.pdf
Download Accounting Paper 2 Here : https://www.southafricain.com/uploads/pdf2024/31383-a2.pdf
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