ca inter suggested answers | Nov 23 EISSM Paper
Table of Content
Section - (A)
GPL Bank wants to reduce IT related risks by implementing controls in the automated environment. As an IT consultant, explain any three IT controls which may be implemented for GPL Bank.
Answer 1 : (A)
COMING SOON
A voucher is an important document for any accounting application. Please list any four important points for voucher numbering while designing an accounting application.
Answer 1 : (B)
COMING SOON
You are appointed as an IS auditor of TVL Ltd. Explain any three audit tools which may be used in IS audit to the management of TVL Ltd.
Answer 2 : (A)
Flowcharts are diagrammatic representation of business processes. Briefly explain any four steps for creating a flowchart for business processes.
Answer 2 : (B)
COMING SOON
Prior to ERP audit, an auditor has to consider all aspects of audit of an ERP system. As the IS auditor of CRK Ltd., prepare a report on questions to be asked during the audit of their ERP system.
Answer 3 : (A)
COMING SOON
You are designing data warehouse for DalMart, a retail company that sells wide range of products. Explain any four benefits of a data warehouse.
Answer 3 : (B)
COMING SOON
Enterprise Risk Management helps an organization to operate more effectively in environment filled with risks. As a risk manager, justify the statement by explaining any six benefits of ERM.
Answer 4 : (A)
COMING SOON
Increase in Internet-based transactions has necessitated a need for framing suitable laws. Explain any four objectives of IT Act, 2000.
Answer 4 : (B)
You are appointed as IS auditor by RIC Bank to audit their mortgage Loan transactions. RIC Bank has an in-house CBS System. As a pre-audit program, please prepare a report to define Mortgage Loans and its types. Also explain the risks involved in mortgage process which need to be taken care of during the audit.
Answer 5 : (A)
COMING SOON
After demonetisation, the trend of digital payments has increased a lot in India. Briefly explain Mobile Wallet and Mobile Banking.
Answer 5 : (B)
COMING SOON
OR
Write short notes on :
(i) Two-tier Client server architecture
(ii) Digital Library
Answer 5 : (B)
COMING SOON
Section - (B)
Swagatam was a chain of hotels. The business was good until the whole ation was impacted by COVID-19 pandemic in early 2022.
The management soon understood that pandemic had seriously disrupted the hotel sector and average revenue-per-available room fell by nearly 90% and they expected this decline to continue due to travel bans and fear seen in the society.
Pandemic required 14-day compulsory quarantine for the affected individuals and hospitals were short of rooms.
Management found a small opportunity as they had sufficient rooms, staff and could follow required health and safety standards. They decided to do service transformation by letting some of their units to hospitals to be transformed into covid- care units & rest of the units were rented to individuals as a quarantine facility.
(a) Name the strategic level of management at which such decisions are made.
(b) The above scenario depicts one of the limitations of strategic management. Discuss which limitation of strategic management is depicted here.
(c) Here the decision taken by the management was reactive. Discuss the benefit of proactive approach over reactive approach.
Answer 6 :
COMING SOON
According to Michael Porter, what are the five competitive forces that exist within an industry ?
Answer 7 : (A)
“The approach to BPR begins with defining the scope and objectives of the re-engineering project.” With reference to this statement explain briefly the steps for implementing BPR.
Answer 7 : (B)
Disha is appointed as Human Resource Manager in a Telecom company. Currently, the company is facing various HR challenges. Disha’s role involves implementing effective human resource management strategies to address HR challenges and ensure the success of the company. Enumerate any five prominent areas where Disha can play a strategic role.
Answer 8 : (A)
COMING SOON
Care Ltd. has decided to acquire Trust Ltd. Discuss the major dimensions of strategic decisions.
Answer 8 : (B)
Rohan works in the R & D department of an electronic appliances company and is given complete autonomy to conduct experiments for business expansion. He accepted the challenge and developed a new product for the customers. Identify and explain the role of Rohan in the company.
Answer 9 : (A)
COMING SOON
Which strategy is implemented by redefining the business, by enlarging its scope of business and substantially increasing investment in the business ? Explain the major reasons for adopting this strategy.
Answer 9 : (B)
Mr. LMN has established a successful venture in the textiles sector in Maharashtra. His enterprise specializes in crafting unique and high quality home furnishings, which have garnered significant market presence. However, there was a sales dip in the previous year. Seeking professional advice, Mr. LMN consulted a strategic management expert who suggested his first course of action should be to grasp the dynamics of the competitive landscape.
Answer 10 : (A)
What do you understand by Strategic Alliance? Discuss its advantages.
Answer 10 : (B)
OR
CDE Holdings operates in various sectors, including manufacturing fitness equipment, organic foods, eco-friendly products and children’s educational tools. The organization is currently in the process of recruiting a Chief Executive Officer. In this scenario imagine yourself as a HR consultant for CDE Holdings.
Identify the stategic level the encompasses this role within CDE Holdings.
provide an overview of the key duties and responsibilties falling under the Chief Executive Officer’s scope.
Answer 10 : (B)
Ruchika Saboo
An All India Ranker (AIR 7 - CA Finals, AIR 43 - CA Inter), she is one of those teachers who just loved studying as a student. Aims to bring the same drive in her students.
Ruchika Ma'am has been a meritorious student throughout her student life. She is one of those who did not study from exam point of view or out of fear but because of the fact that she JUST LOVED STUDYING. When she says - love what you study, it has a deeper meaning.
She believes - "When you study, you get wise, you obtain knowledge. A knowledge that helps you in real life, in solving problems, finding opportunities. Implement what you study". She has a huge affinity for the Law Subject in particular and always encourages student to - "STUDY FROM THE BARE ACT, MAKE YOUR OWN INTERPRETATIONS". A rare practice that you will find in her video lectures as well.
She specializes in theory subjects - Law and Auditing.
Yashvardhan Saboo
A Story teller, passionate for simplifying complexities, techie. Perfectionist by heart, he is the founder of - Konceptca.
Yash Sir (As students call him fondly) is not a teacher per se. He is a story teller who specializes in simplifying things, connecting the dots and building a story behind everything he teaches. A firm believer of Real Teaching, according to him - "Real Teaching is not teaching standard methods but giving the power to students to develop his own methods".
He cleared his CA Finals in May 2011 and has been into teaching since. He started teaching CA, CS, 11th, 12th, B.Com, M.Com students in an offline mode until 2016 when Konceptca was launched. One of the pioneers in Online Education, he believes in providing a learning experience which is NEAT, SMOOTH and AFFORDABLE.
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