Flow charts topic

answered on 18-Feb-23 10:00

Is it enough if we prepare basic flow chart symbol and how to draw Or we should learn dfd etc concepts also Does this diagrammatic representation topic come in exam??

latest answer

Okay sir

Harshitha Kalidindi

CA Inter

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223

Chapter 2

answered on 17-Feb-23 15:34

What is the meaning of house of banks here ??

latest answer

The "House of Banks" refers to the bank accounts that a company has, and how they are organized within the company. In SAP ERP, the House Bank is a feature that helps companies manage their bank accounts for financial transactions such as payments, receiving payments, and managing cash transactions. A company can have multiple House Banks, each representing a different set of bank accounts. The House Bank is used to define the bank accounts that will be used for payment transactions, reconciling bank statements, managing cash positions, and performing other bank-related activities.

Neha Baliga

CA Inter

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254

Chapter 2

answered on 17-Feb-23 15:24

Pls explain the meaning of the term DSS i.e. Decision Support Systems

latest answer

A decision support system (DSS) is a type of information system that helps people make better decisions by providing them with access to relevant data and analysis tools. DSS can be used in a variety of industries and applications, and they typically incorporate features such as data access, modeling and simulation, and recommendations to help users make informed decisions. The goal of a DSS is to improve decision-making quality by providing decision-makers with the right information in an easy-to-understand format.

Neha Baliga

CA Inter

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212

Financial & Accounting Systems

answered on 17-Feb-23 14:32

Can anyone pls explain this point . The difference between installed and cloud based application

latest answer

Thanks to both of you

Neha Baliga

CA Inter

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Core Banking Systems

answered on 15-Feb-23 14:12

Pls explain what is meant by credit line setup in relation to CASA A/c and credit cards ? Reference: ICAI module page 5.39 1st point in risks and controls table

latest answer

Thank you sir

Neha Baliga

CA Inter

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244

General Doubt

answered on 14-Feb-23 19:46

Is it advisable to make running notes along with the video lectures or just listen to the class and mark important points in the study module as it is taking a lot of time for me to make running notes and i have CHP 3 and CHP 5 left to complete

latest answer

Thank you everyone :)

Neha Baliga

CA Inter

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278

EIS books

answered on 14-Feb-23 11:41

I had purchased the EIS course for Nov 22. I have extended it to may 23. If i order the CA inter EIS book frm Indigolearn will it be the same as the soft copy of the notes provided to me in the course or is it different ?

latest answer

Thank you

Neha Baliga

CA Inter

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285

Credit card process

answered on 09-Feb-23 15:22

They say that " inaccurate reconciliations performed" is a risk. Which reconciliations are being talked about here? will the acquiring bank reconcile or the issuing bank reconcile?

latest answer

Yes it is a risk. it is a failure of detective control.

Sarthak Aggarwal

CA Inter

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214

Internal controls in Banks

answered on 04-Feb-23 13:45

what is the meaning of "lost security forms"

latest answer

if any security document is missing then the bank should have the correct internal controls to take a caution immediately

Sarthak Aggarwal

CA Inter

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213

CBS Risks

answered on 20-Feb-23 09:16

In the book, it is written that market risk refers to the risk in the bank's trading book. But as an example they have given, "Reduction in the share price of the bank". How can reduction in share price of the bank be a risk in the bank's trading book?

latest answer

Hi.. The explanation given in the study material doesn't seem to be right. When the loans are sanctioned against the value of shares of other company and if the prices of those shares go down then it poses Market risk to the bank.

Sarthak Aggarwal

CA Inter

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203