CIMA P3 Exam With Confidence Using Practice Dumps

Establishing an Internal Audit department.

Purchase invoices are now approved for payment at branches and a list of approved invoices are sent to head office for payment. The invoices, supporting documentation and suppliers' statements are retained at the branches.

Excess funds are now invested, by the Finance Director, in short-term securities. The Finance Director initiates buy and sell transactions and she also receives and retains all correspondence relating to the investments.

A policy has been initiated to complete a physical inventory of all non-current assets at least annually. This is then reconciled with the non-current asset register.

N has just opened a bank account in the currency in which the newly opened branch is now operating.

There are no forward contracts available for the purchase of the payable currency using IOK's home currency.

The timing of the payable does not permit the use of a forward contract.

The relevant currency markets are very thinly traded and the treasurer believes that forward contracts are mispriced.

A money market hedge is easier and less expensive to organise than a future or forward contract.

Money market hedges can be unwound whereas positions in derivatives cannot.

Customers first input a password and then receive an access code via email or text message that also has to be input

Customers first input a password and then use a card or token to gain access

Customers must input a valid user name and then input a password user name first input a password and then a pin number

Customer passwords must contain both letters and numbers and must be changed regularly.