This exam was done at BUSHENGE SACCO, in BUSHENEGE SECTOR, NYAMASHEKE DISTRICT, WESTERN PROVINCE, in job recruitment on SACCO MANAGER Post.
This exam paper is very most helpful study material in preparing your next job exam for the following job post such as: MFI/SACCO BRANCH MANAGERS , , and other Management post especially in Financial Institutions.
WRITTEN EXAM FOR MANAGER – BUSHENGE SACCO/50 marks
Date: 01/12/2019
Examination Instructions:
- Time Allowed : 1h:30’
- Do not write your name on answer sheet , Use the provided codes
Q1. Accounting is a way of recording, analyzing and summarizing transaction of a business and communicating the financial Information to end users. Do you agree with that statement? If no, why explain why? I yes , who are those accounting information and their respective use of such information?
Q2. What types of report are the following?
a) PAR report for a rural outlet of Bushenge SACCO
b) Report from consultant firm on market opening in Bushenge
c) AB Bank income statement for Q1/2017
d) Loan Portfolio report of RIM Ltd for the month of July 2018
Q3) As Manager Candidate, we need to hear from you, your general understanding on the accounting cycle. State and explain in brief the required steps in accounting cycle. /10Pts
4) Which of the following 2 SACCOs would you consider more sustainable? Explain your position
|
Year 2015 |
SACCO ALFA |
SACCO BETA |
|
Borrowed from RABO BANKG |
USD 1,500,000 |
USD 3000,000 |
|
Concessional rate of interest by SACCO |
2% |
3% |
|
Market interest rate for borrowing funds |
7.5% |
7.5% |
|
Profit at the end of year |
100,000 USD |
100,000 USD |
Q5) Tick the correct explanation of the “Capital Adequacy ratio” in the MFI/SACCO:
a) Measures the part of the assets that covers the loan portfolio
b) Measures how able is the MFI/SACCO to cover liabilities and other obligations in the short term
c) Measure how able is the institution to meets its obligation relative to its risk exposure
d) Measures the leverage that the equity has
e) Ensure that the company is able to handle losses and fulfill obligations.
f) None
GOOD LUCK
