Re: [ vuZs.net ] Most repeated Questions in VIVA

[Muskaan]

AOA
PLz tell me k me ne jis department me kam kiya hai Slides me Just unk name show karon ya phir Working b?

On Wed, Sep 7, 2011 at 1:38 AM, Marina Khan <damse...@googlemail.com> wrote:

Lets collect Answers

 who want to give answer? (a single answer)

• explain me the inward clearning and outward clearing
• what is "Next of Kin". what type of accounts there in NBP and what type of people open their accounts in NBP. 
• can you explain the purpose of leverage ratio?
• what should be the normal currant ratio?
• what is the purpose of activity ratio?
• can you explain the difference between dupoint ratio and debt ratio
•  what the work which you perfrom in the finance and accounting departmetn ofointernee organizaion
• pllzzz tels the any one strong  strength, oppurtunity, threats or weakness of the relevent organizaion?
• any recomendation which you want to give your organizaion?
• only finace department related recomendation which you want to say?
•  have any software  which is use in Accounting and finance department of your organization?

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Marina Khan 

www.vuzs.net 

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[Marina Khan]

Nida.....really appreciated thanks allot!

ok tell me please somthing more about account opening procedure because i never know bout this departments 

what are the important terms used in this department ? 

i'll greatly thankfully to you dear =)

On Wed, Sep 7, 2011 at 3:32 PM, Marina Khan <damse...@googlemail.com> wrote:

yes...

--

Marina Khan 

www.vuzs.net 

[Marina Khan]

yes...

On Wed, Sep 7, 2011 at 1:10 PM, Muskaan <intoxicat...@gmail.com> wrote:

--

Marina Khan 

www.vuzs.net 

[mc090401927 Adnan Sarwar]

Banks not deal in Dhirm
Baks only deals in USD, EURO and GBP.

On 07/09/2011, Marina Khan <damse...@googlemail.com> wrote:
> *Nida.....really appreciated thanks allot!
> *
> *
> *
> *ok tell me please somthing more about account opening procedure because i

> never know bout this departments

> *
> *what are the important terms used in this department ? *
> *
> *
> *i'll greatly thankfully to you dear =)*

>
>
>
>
>
>
> On Wed, Sep 7, 2011 at 3:32 PM, Marina Khan
> <damse...@googlemail.com>wrote:
>

>> *yes...
>> *

>>
>> On Wed, Sep 7, 2011 at 1:10 PM, Muskaan
>> <intoxicat...@gmail.com>wrote:
>>
>>> AOA
>>> PLz tell me k me ne jis department me kam kiya hai Slides me Just unk
>>> name
>>> show karon ya phir Working b?
>>>
>>> On Wed, Sep 7, 2011 at 1:38 AM, Marina Khan
>>> <damse...@googlemail.com>wrote:
>>>
>>>> Lets collect Answers
>>>> who want to give answer? (a single answer)
>>>>
>>>>
>>>>
>>>>

>>>> - *explain me the inward clearning and outward clearing*
>>>> - what is "Next of Kin". what type of accounts there in NBP and what

>>>> type of people open their accounts in NBP.

>>>> - can you explain the purpose of leverage ratio?
>>>> - what should be the normal currant ratio?
>>>> - what is the purpose of activity ratio?
>>>> - can you explain the difference between dupoint ratio and debt ratio
>>>> - what the work which you perfrom in the finance and accounting
>>>> departmetn ofointernee organizaion
>>>> - pllzzz tels the any one strong strength, oppurtunity, threats or

>>>> weakness of the relevent organizaion?

>>>> - any recomendation which you want to give your organizaion?
>>>> - only finace department related recomendation which you want to say?
>>>> - have any software which is use in Accounting and finance

>>>> department of your organization?
>>>>
>>>> --

>>>> *
>>>>
>>>>
>>>> Marina Khan *
>>>> *www.vuzs.net *

>> *
>>
>>
>> Marina Khan *
>> *www.vuzs.net *
>>
>>
>
>
> --
> *
>
>
> Marina Khan *
> *www.vuzs.net *

[mc090401434 Hasnain Mehmood]

Verysis:

 

             Nida & Marina verysis is a bit different. Yes its verification. But it is a database which is link and updated by NADRA and when we put ID # provided in that software an image scan is uploaded on the screem. comparing the uploaded image with the provided ID copy it is verified that either the provided copy is taken from original or not.

 

Second additional information may also be verified through Veriysis like mother's name and your old ID card detail like old address etc.

 

Hope so it will clear your concept about it further as i used it practically myself.

 

Regards:

Hasnain Mehmood

Wah Cantt

[Nida]

u welcome marina......

In accounts opening department there is form for account opening and then there is KYC form which is called the Know your Customers..... In accounts opening Form there are different heads where there is detail of which type account customer want to open i-e

 

1. saving A/c...............(profit only)

2.Current A/c.............(where there is no profit no loss)

3.profit & Loss A/c.........(where there may b profit & loss also)

4. BBA A/c (basic banking A/c) etc.......(not sure about this ....i think it contain some terms and conditions of the banks)

then there is a intial deposit which the customer should submit .....some years before there is a limit for all the accounts which start from the 5000 rupees......but now the SBP have change the limit .....now the customer can open his account with the initial deposit of Rs. 500....

 

Then there is different types of A/c openend by the customer....i-e

1. Individual A/c...........Requirement(

·         CNIC.

·         Source of income (salary slip of the employee).

·         NTN certificate (optional)

·         Company letterhead or authorization.

1.Properitorship A/c........Requirement

·         CNIC.

·         Letter head.

·         Proprietorship letter.

·         Proprietorship stamp.

·         NTN certificate (optional).

2. Partnership A/c........Requirement

·         Partners CNIC.

·         Partnership Deed.

·         Company letterhead.

·         NTN certificate.

3.Company A/c........Requirement

·         Memorandum of Association.

·         Articles of Association.                                                          1

·        Companyletterhead.                                                                       

·         NTN certificate.

·         Stamps.

4.Joint A/c etc

 

These are the basic requirement in the account opening deparment but there is also a photo A/c where the customer is illiterate or did not know who to sign .....then the thumb impression of the customer is required and in that case the photo of the customer is compulsory and in the presence of that customer only.. amount is given to that customer, no one else can take the amount from the bank as a beneficiery instead of that photo A/c customer....

There is also a requirement in the form which is called Next Of Kin....where the copy of Cnic of the customer family anyone who introduce the customer i-e( Brother, Sister, wife , husband or any one esle) CNIC copy is also complusory.............There are also tooo many requirements in the form.............i m just giving the lil bit intro of the A/c opening department..............................

If i m wrong anywhere plz correct me....

Thanx Adnan and Hasnian bro for giving the information and also correcting me..........

[Marina Khan]

@Nida you are simply great dearryy .....splendid job!! ...really appreciated the way you shared all information God give you ajjar and give you success in every step of your life!!! jazakallah 

@ Husnain .....bro thanks allot for being a part of this discussion ...appreciated allot! today m giving you the name " king of vuZs" ....=p

Now, u both guyz ...please tell me something about Foreign exchange department  .....what you analysed in this department during your internship! 

@Nida you read what @Mr: Adnan sarwar said ...... banks only deal with USD, EURO and GBP...What you say?  

[Marina Khan]

(In Askari bank limited)

BBA(Basic Banking Account) This account is open by salary

persons and also for students. For opening the account following documents are required:

 

Copy of NIC (see original NIC) 15

Salary Letter or bonafide letter for students

Initial deposit Rs.1000

Features of the Basic Banking Account(BBA

According to the State Bank of Pakistan(BPD Circular No. 30 of 2005), the following is a minimum set of features offered by a BBA account: 

a. The minimum initial deposit will be Rs 1000. 
b. Will be non-remunerative account. 
c. No limit on minimum balance. In cases, where balance in BBA remains ‘nil’ for a continuous six-month period, such accounts will be closed. 
d. No fee for maintaining BBA. 
e. Maximum two deposit transactions and two chequing withdrawals are allowed, free of charge, through cash/clearing per month. 
f. Unlimited, free of charge, ATM withdrawals from the banks’ own ATMs. In case of withdrawal from BBA through the ATM machines of other banks, the respective/other bank may recover charges for such transactions. 
g. For the existing banking accounts, banks may get the consent of all their customers whether they wish to maintain a BBA with them or a regular full service banking account with its accompanying terms and conditions. In case an account holder does not give his/her consent for a BBA, his/her account will be treated as a regular full service banking account. 
h. Statement of account will be issued once in a year. 

--

Marina Khan 

www.vuzs.net 

[Omer Chaudhry]

In The Bank of Punjab

Anyone can get this account (BBA - Basic Banking Account) opened. Not limited to salaried persons and students only.

---

On 9/8/2011 4:47 PM, Marina Khan wrote:

(In Askari bank limited)

BBA(Basic Banking Account) This account is open by salary

persons�and also for students. For opening the account�following�documents are required:

�

Copy of NIC (see original NIC) 15

Salary Letter or bonafide letter for students

Initial deposit Rs.1000

Features of the Basic Banking Account(BBA

According to the State�Bank�of�Pakistan(BPD Circular No. 30 of 2005), the following is a minimum set of features offered by a BBA account:�

a. The minimum initial deposit will be Rs 1000.�
b. Will be non-remunerative account.�
c. No limit on minimum balance. In cases, where balance in BBA remains �nil� for a continuous six-month period, such accounts will be closed.�
d. No fee for maintaining BBA.�
e. Maximum two deposit transactions and two chequing withdrawals are allowed, free of charge, through cash/clearing per month.�
f. Unlimited, free of charge, ATM withdrawals from the banks� own ATMs. In case of withdrawal from BBA through the ATM machines of other banks, the respective/other bank may recover charges for such transactions.�
g. For the existing banking accounts, banks may get the consent of all their customers whether they wish to maintain a BBA with them or a regular full service banking account with its accompanying terms and conditions. In case an account holder does not give his/her consent for a BBA, his/her account will be treated as a regular full service banking account.�
h. Statement of account will be issued once in a year.�

--

Marina Khan�

www.vuzs.net�

[Nida]

thanx marina......i just need ur prayers.....just remember me in ur prayers...Allah bless u also that u start this thread and it is opportunity for me to discuss some lil bit knowledge.....thanx once again

 

I think adnan bro is right.....i m not really sure about this......but as i observe there are some export of goods through bank where i do internship......where i fill the forms which is called e-form known as something i think export forms....where the mostly mode of payment is in $ and euro....but as adnan bro said bank not deal in dihrm or other curreny....may b he is right becoz mostly there is also exchane companies there......as i know Dollar East or Dollar exchange company....where i think mostly curriences are exchanged.....which i think that if any one want to go dubai or sudia arabia....then he can exchange Pakistani rupee in dirhm......but i m not sure.....may b banks also do this....if any 1 do job in bank then he/she explain u more rightly...

 

 

i think ur answer is more clear from here....

C. TRADE DEPARTMENT (Foreign Exchange): 

The term foreign exchange denotes either a foreign currency or rate at which one currency is converted into another currency or the means and the payments by which one currency is exchanged for another. There are different methods which are adopted to make international payments through the banking system. These are:

1. Bill of Exchange:

                                A bill of exchange is the main and most effective method of transferring money to parties located in different countries. The creditors order the debtor to pay a particular amount to payee.

2. Foreign Bank Draft:

                                It is a simple method of international cash payment. The foreign bank draft is an order drawn by a bank on its foreign branch or correspondent to pay specific sum of money on demand to bearer or to the person designated by purchaser of the draft.

3. Mail Transfer (MT):

                                  The payment can also be made in other countries by mail transfer. Here the selling office of the bank sends instructions in writing by mail to the paying bank for the payment of a specified amount of money. The payment is made by debiting to the buyers account.

4. Telegraphic Transfer (TT):

                                TT is a quick method of making international payments. It is an order by telegram to bank to pay a specified sum of money to a specified person. But this transfer is more costly as compared to other means.                              15

5. Letter of Credit:

                           A letter of credit is a document issued by the importers bank to exporter authorizing him to draw drafts on the bank payable on demand on the specified terms and conditions. It is very important and useful instrument of international trade.

 

it is just some information which i have collected from the book.....which i also think that mostly banks deals in this......otherwise during my internship i just fill the i-forms(import forms) and e-forms (export forms) where there is lil bit info which i filled and share here......otherwise i have no idea of this department...

[mc090404108 Hina Naz]

    pLZ tell me clearly that what is the next of kin?

 

[mc090404108 Hina Naz]

On Thu, Sep 8, 2011 at 10:54 PM, Nida <mc090...@vu.edu.pk> wrote:

Also tell me the bench mark rates of all ratios which are mentioned in reports .

[Nida]

Next of kin......Next of kinship , it is used to describe a person's closest living blood relative or relatives......if the account holder does not came into the bank for the 6 months or the account holder is died.....then in that case the person next of KIN (means any one which the account holder give refernce in the accounts opening form like his/her...mother,sister,wife,son, daughter etc whose copy of NIC is given to the bank at the time of account opening) can take the bank balance of the account holder in that case................it is called next of Kin

 

where as bench mark rates is conserned......

Only current and the quick ratio has the bench mark rate as:

 

Current ratio= 2:1         ( it is benchmark rate for the current ratio)

Quick ratio= 1:1              (bench mark rate for the quick ratio.....it means that assets and liabilities should be equal in quick ratio where in current ratio it means assets should be double to that of liability)............

 

whereas no other ratios contain the bench mark rate...

[mc090401434 Hasnain Mehmood]

Thanx Marina,

 

No need to make me flatter, as i am already feeling of getting heavy, that;s why dieting is on the way :-) Ya proud to be a member of vuzs and also to have conversation with you as it is not less than a pride and a source of joyness for me as you address me specifically and encourage me to participate.

 

 

I have not so much knowledge and my way of expression because of weak engish may also be not as much impressing as anyone else. But still my effort is whatever i know it should be deliever to my fellows & frnds. As i believer those who help other God help them Specially.

 

I did my internship in Askari Bank. But in consumer Banking setup where collection of outstanding payments of the different products carried on. So i may not be able to reply the queries like account openning procedure etc.

 

But queries related to credit card, personal loan, auto loan, and the procedure of the recovery of payment by the bank can be explain in a better way.

 

Its really pleasing for me to be part of your team as it realy anticipate me to work harder and get the inner satisfaction that everyone desire for.

 

JazakAllah

[mc090401434 Hasnain Mehmood]

Bench Mark for Ratio

 

I agree with Nida..

 

But for the bench mark it need to be clear that standard for the ratio may vary from industry to industry as well. For example r debt/equity ratio of 2 is normally maintain by the auto manufacturing while of personal comoputer companies maintain it as 0.5

 

The bank is a special case as mostly the money come in the form of deposits. These deposits creates liability  and will not considered as equity and in turn it increases the debt portion. So certainly the ratio will be even higher for the banks.

so ratio values as standard may vary from industry to industry.

[mc090401434 Hasnain Mehmood]

Nida Splendid Home Work

 

 

Keep it up

 

Express Yourself as it grooms you even more......... MashAllah

 

 

[mc090403502 Mehwish Noreen]

plz tell me about the whole procedure of VIVA and presentation how can
diliver etc

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[Marina Khan]

@Nida....after me you will be the princess of vuzs =ppp

well your are such a great student mashallah i really impressed this time......you rock girlyyyyyy ...good job!

thank you so much for providing me information bout foreign exchange  dpt. i really need it .....now i have lots of material for preparation ....actually i have done internship in askari bank but unfortunately i just worked in 3 departments i.e clearing, remittance and deposits .....thats y no info about other departments ......   Jazakallah sis =) 

Marina Khan 

www.vuzs.net 

[Marina Khan]

dear mehreen,

Viva n presentation ....well procedure is very simple let me share my experience :

first of all my campus admin called me and copied my presentation in his own computer then ...he told me bout a conference hall and all other things about panel and instructors then he said ...go and wait in common room  panel will call you at 12:00 .....then i started my preparation again and practice ..at 1:30 they called me in conference hall where  i saw 3 members of my campus 1 lady and 2 sir sitting near a long round table (looked like a gol mez conference lolz...=pp)   and 3 instructors on a T.V screen (I think it was Sony bravia....42" inch LCD what a quality of picture wowww =ppp n instructors looked like karina kapur and govinda hehehe .=ppp forget it) .....then one lady said ...come come sit here n relax ....she is so polite and educated girl n i like her allot ....then i sat in front of LCD but it was lil bit on hight then she log in my computer (same like examination) n said see camera (fitted on wall near LCD) and introduce yourself .....and be confident then she smiled and sat on her seat. 

I introduced myself then panel members said " you have 15 minutes start your presentation with the name of Allah " then i started from intro of organization n  my training program but they said now its viva time so move on ratio analyses and tell us 

1. how u calculate ratio analyses and  what the impact on organization ...what ratio is good for org etc (mostly 1 or greater then 1 consider as good ...it was my answer)

 

2.  Where is quick ratio ? (i said i never calculate sir because banks cant calculate this ratio)

3. why you never calculate quick ratio any reason ? (cause bank has no inventories  )

4. Tell me what is next to kin?

5. What you know bout differed tax?   

6. What is big liability of a bank? 

7. tell me the name of currency banks deals with 

8. Explain these terms quickly ...  

• SS card
• LC 
• BBA account
• KYC

9. what is swift and how they transfer money...what is DD etc

10. how bank control their expenditure ?

and bundles of other questions which was very tough for me. 40 minutes they asked questions ....some arguments between us etc then i left my place!

Well , if your training program is well prepared then m

 100 % sure you will clear in viva! also ratio analyses ....

Presentation is not a big task its very simple to present all thing even they never listen you most of time ....their main focus on just viva thats why prepared for your viva instead of wasting time on presentation slides etc....hope you will understand =)

sorry for mistakes if u'll find... as you know my English is not so good as ya people ..........thats why sorry hann=pp

best of luck dear! 

--

Marina Khan 

www.vuzs.net 

[Marina Khan]

my bad luck ....all questions i got related to other departments where i never spend my time even a single day its not my mistake ....bank never allowed me...when i told this prob to the panel they argued .....n said its not our headache ...they was so rude at that time....  now this time m preparing each and every thing bout all departments so that i can give answers to them so also pray for me friends.  

--

Marina Khan 

www.vuzs.net 

[mc090400514 Fariha Ashraf]

waattttttt?????

Marina..... kya aap ne internship repeat kia hai???

[Marina Khan]

Fariha no dear,

in case if you are not clear in viva n presentation then you have to make just new internship report again n all other assignments .....no need to do internship again ....its depends on you if you want to do in other bank then you can.

Well, my previous analyses was from 2009 n now i made new analysis from 2010 .....annual report ...because they never accept my previous work n given to me "Need improvement" ......in my internship report this time.....then i again worked on my report n now they cleared me .....and m waiting for viva call ........i seriously cant understand why they doing with me like that! 

first they said...submit your previous report no need to make new ..thats why i submitted then y they given me "need improvement" ..then i asked from instructor that sir why new analysis i never done internship recently thats why accept my work as it is.....he said no ...now rule is changed make new analysis n then submit......huh!

its not very easy to do but we cant do anything except showing our patience ...its our university rules ....!

better luck this time ....=)

On Sat, Sep 10, 2011 at 4:17 PM, Marina Khan <damse...@googlemail.com> wrote:

not repeat ......giving presentation again guyz ....stay relax i'v cleared my MBA in previous semester 

On Sat, Sep 10, 2011 at 12:35 PM, mc090400954 Aamir Raza Husain <mc090...@vu.edu.pk> wrote:

marina aap ka mba complete ho gya hy? aap k kon sy sebjects thy?

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www.vuzs.net 

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Study Program; MBA Finance 4th Smester

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Marina Khan 

www.vuzs.net 

[Marina Khan]

dear Hina naaz ,

These terms already explained by our respectable member umeed-e-subha and  Nida but m sharing again for you 

 

• Specimen Signature Card  (SS card)

After getting relevant thing there comes the turn of SS card, this is a card on which 

specimen of signature will be obtained from depositor at the time of opening of account 

(once). A specially designed card is used for this purpose, this card is always counter 

signed by an official of bank having IBS number, officials below rank or not having IBS 

number are not eligible to counter sign it. 

For illiterate person a recent picture of the newly account holder is taken and attached 

with SS Card, as they cannot sign so for that purpose except sign there thumb impression 

is taken along with picture.

To reduce the risk of frauds and misuse of the cheques of an illiterate person the 

specimen signature card and account opening form both are stamped by the Personal  

Visit stamp. Persons who are using thumb impression, it is very important for them to 

visit personally for every transaction done from their account.

• Next of Kin 

Next of kin is the person who is closest to the account holder in blood relations. He is the person  who is entitled to the bank balance of the account holder in case of account holder is died or lost. Bank consult to this person at first for inquiring the account holder's where about. Account holder needs to give his/her name in the form while opening account at bank.

Please read this account openig form you will find Next of kin. It might help you. 

http://www.nbp.com.pk/ATP/ApplicationForAccountOpening.pdf

• KYC

KYC stands for Know Your Customer. For further detail about it, read this article. 

http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=2039&Mode=0

• BBA account

BBA stands for Bank Basic Account is a type of account. Some features are as under:

Basic Banking Account (BBA)

Can be opened with only Rs. 1,000 No minimum balance requirement Up to 2 withdrawal and 2 deposit transactions free every month Unlimited withdrawals through HBL DebitCard Non-profit bearing

Statement of account will be issued once in a year.

Its features can be varied according to the bank's preferences and policies. 

--

Marina Khan 

www.vuzs.net 

[Nida]

thanx marina and Hasnaian bro for ur appreciation.....

 

SSC(signature specinen card)....Bank maintains a Card which has two specimen (sample) signatures of the account holder. Normally banks scan the signature and store them in computer. Bank kept the record to check the validity of the signatures at the time of payment .

 

 

 Letter of Credit:(LC)

                           A letter of credit is a document issued by the importers bank to exporter authorizing him to draw drafts on the bank payable on demand on the specified terms and conditions. It is very important and useful instrument of international trade.

 BBA (BAsic banking account)

This is primarily aimed toward helping the low income group to benefit from the banking services without having the pressure to maintain specific balance amount with the banks.  or INTRODUCTION OF BASIC BANKING ACCOUNT AIn order to facilitate and provide basic banking facilities to the low income people in Pakistan, it has been decided that all commercial banks operating in Pakistan will introduce Basic Banking Accounts (BBA) facility with the following features:-

a. The minimum initial deposit will be Rs 1000. b. Will be non-remunerative account.

c. No limit on minimum balance. In cases, where balance in BBA remains ‘nil’ for a continuous six-month period, such accounts will be closed.

d. No fee for maintaining BBA.

e. Maximum two deposit transactions and two chequing withdrawals are allowed, free of charge, through cash/clearing per month.

f. Unlimited, free of charge, ATM withdrawals from the banks’ own ATMs. In case of withdrawal from BBA through the ATM machines of other banks, the respective/other bank may recover charges for such transactions.

g. For the existing banking accounts, banks may get the consent of all their customers whether they wish to maintain a BBA with them or a regular full service banking account with its accompanying terms and conditions. In case an account holder does not give his/her consent for a BBA, his/her account will be treated as a regular full service banking account.

h. Statement of account will be issued once in a year. 2. The above features represent the minimum set of services which the banks shall provide to their BBA customers. The banks are, however, free to add more services, if they wish. The banks are also free to charge, as per their existing policy, for any service/transaction over and above the minimum set of services of a BBA, if they wish. 3. All the banks are advised to introduce and publicize the above facility and report compliance to SBP latest by February 28, 2006. Any violation of the above instructions shall invoke penal provisions under Banking Companies Ordinance, 1962. 4. The above instructions will be applicable on Basic Banking Accounts (BBA) only.

[mc090404542 Maqsood Ahmed]

I hv just started 4rth smter (finance), plz help me in final project, as i hv not attempted any project before. i m working as Accountant in Govt. Vocational Institute. i m waiting a favorable reply from all u fellows, i read all the above discussion and pray for the good knowledge of all the participants.....  Thanks

my email id ma71...@gmail.com

[Marina Khan]

dear friends its my personal request to those who has

project please help " Maqsood Ahmed" 

Marina Khan 

www.vuzs.net 

[amara chm]

salam i am in 3rd symster. i need some guide related to course selection,
maya...@gmail.com

On Sat, Sep 10, 2011 at 5:55 PM, mc090404542 Maqsood Ahmed <mc090...@vu.edu.pk> wrote:

--
amm

[Marina Khan]

Amara tell me your specialization n also  course list  then we can select courses for your 3rd semester 

Marina Khan 

www.vuzs.net 

[mc090404591 Shazia Abdul Wahid]

what ratio is good for bank?plz explain this 1:1 and 1:2 in detail

On Thu, Sep 8, 2011 at 10:54 PM, Nida <mc090...@vu.edu.pk> wrote:

[mc090404110 Samina Ameer Din]

If this is Current ratio or Quick ratio then the ratio of 1:1 is good for banks. because in current ratio 1:1 shows the currents assets are the same as the current liabilities and 1:2 shows the liabilities are double from the current assets. 

& same this ratio of 1:1 & 1:2 shows in the Quick ratio.  

$@m

[mc090401232 Asma Saghir]

To all,

Who are going to give viva.

Please follow:

Open your FIN 623 "Financial statements analysis"

go through chapters from where horizontal and vertical analysis started.

After that very clearly all ratios,  formulas, interpretation, their bench marks all very clearly mentioned.

Nothing will be asked from any where this book match with you ratios and then write some points which you come to know after matching you ratios with book interpretation.

Go through 2 times as I mentioned.

Go through all your PPT as you are delivering speech.

All question will be from there.

Teachers are very helpful and polite.

Give logical answer, Don't create ambiguity  and don't misguide them.

You will Definitely PASS.

Best of Luck all 

[SHAH-HAIDER-SHAMI]

kafi knwlge hai ap ko account opening k bare bt kahi kahi kami b hai.
BBA generally low income or low saving logo k liye hai normaly
salaried people k liye no service charges.
next of kin acount holder ka waris hota hai ju acount holder ki death
ki sorat mai balance claim kr sakta hai.
company account k liye buht si requirments hai details of directors,
certificate of registration, certificate of comencement of business,
resulution of board meeting to open account, concent of directors
regarding signe of ac

[mc100202510 Imran Ahmed]

so simple procedure of account opening. if company a/c is opened then this things are required for oppening bank acount. 1. NTN ,Sale Tax registration , Form C,D and partisanship Deed, and NIC copy of partner. this procedure is required company account. if

person acoount is opend  then this this things  required 1 employment  later where person is doing job and NiC Copy. if any problem then plz contec me imra...@conceptmedical.com.pk  

[mc100202427 Saadat Hasan]

@ imran the procedure u tell's id the opening of PARTNERSHIP FIRM account opening...

companies account opening procedure is different.

Saadat Hassan

MBA-Finance

3rd Smester

cyberia...@gmail.com

[mc090401308 Adnan Zia]

I have also given presentation and viva today nicely.

Presentation

They said to me that please explain your training program, SWOT and recommendations.

VIVA

They asked me difference between marketing and selling, what is your organization's products(only names),SWOT analysis, Difference between product and brand.

[SHAH-HAIDER-SHAMI]

imran bhai ap ne just accounts open kiye honge ya requirements ap ko
btai gai hon ge bt jb audit hota hai tb pata chalta hai kia kia mising
hai mai ne audit b karwaya hai. ap ne just partnership acount ka btaya
hai is mai b form.177 nai btaya. company account difrent hai.

[mc090404591 Shazia Abdul Wahid]

salam

         bank kon sa accounting soft ware use karty ha?

[Barbi Doll]

Finance mei SWOT ke question puchty hai...??
or vertical or horizontal Analysis ko kasy explain kary gey or wo is sey realted question kasy puchy gey//?? kindly help ...

--

*~^~" Nothing is impossible, the word itself says 'I'm possible'!"~^~*

`*.¸.*      
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(¸.•´      (¸.•´      (¸.•¨¯`• 
`*.¸.*  *̃̃̃̃♦*̃ ♥~ Ĥέдυξή ßίřď~♥ *̃̃̃̃♦*̃`*.¸.*
                                               ¸.•´¸.•*¨)    ¸.•*¨) 
                                        (¸.•´     (¸.•´`*.¸.*(¸.•¨¯`•

[mc090404938 Nosheen Munir]

Quick Ratio is also known as  Acid Test Ratio.And banks do calculate it.

[Nida]

Alhamdulillah  i passed my presentation and also complete mba.....its was great experience.....the questions which was asked to me during my presentation are as follows:
First i start the intro of the org. then they said go to the training program, then i start that part and there they asked many questions as i have written that i have done in 2 departmenta accounts opening and operation department.....the first question they asked me that what is main difference b/w account opening form and kyc form? i answered thenm that the main differnce is the source of income that in the account opening form there is no salary or business income of the customer is given in the accounts opening whereas this detail is given in the kyc form.Then they ask what is main thing in the CNIC we check? i said it is the expiry date of the cnic and the customer signature....then he ask me that from where it can be cheked that the CNIC of the customer is fake or not? i answer that form the versisys of the NADRA office....then he asked me what is photo a/c i answerd that the customers who are illeterate and their signatures are shaky then those customers a/c are photp a/c then he asked me that it is complusory to have a photo in that a/c? i answered that yes...then he asked me that it is complusory that all the customers accounts should have the photos in their form? i said no only for the customers whose a/cs are photo a/c account should have photos in their forms not all the customers photos are complusory......then he asked me that if i have photo a/c then other any one can go in my behalf and take the amount in my behalf? i said no...only the person whose account is photo a/c can take the amount from his account except no one else...then he asked me that there is only 2 department in the bank? i said no there are departments also as finace department and the trade department also......then he asked you have done work in these department also??i said bank mostly give me work in the accounts and the operation department not on other departments.....then they said ok go on ur training program then i give the detail work of the opertation department....the he said ok go on next slide on the ratio analysis and start ur first ratio.......i start the current ratio with definition and the give the detaril that in which year it is increasing and decreasing......then they asked me what is the reason that it is increasing in that and decraesing in other year? i answer them in that particular year the current assets are increasing from the current liabilities thats why in that year current ratio is increasing whereas in the other 2 years the current liabilties is decraesing thats y it is decreasing in the year.....then he asked what is standard ratio for the current ratio? i said it is 2:1 he said it is normal ratio for the banks it is 1.5:1 and he said u can see banks current ratio never increase from the 1 mostly....then he said go on next ratio....then i give same definitaion and interpertation....then he said go on leverage ratio and start with the times interest earned......and he asked how u calculate the ebit? i said net profit before tax and add the interest expense....then he said where the amount of interest expense u get? i said from the profit and loss account......then he said go on debt ratio.....then i start that ratio he asked what is the main liability of the bank? i said it is deposits of its customers.... then he said what u interprate from the debt ratio it should be low or high which is good for the bank? i said it should be low.....then he said u said that deposits are the liabities then deposits should increase or decrese which is better? i said it should be incraese it is always good for the bank then he said then he said y said debt ratio low he said  bank workingis different if it is higj it is good for the bank.....then he said u understand it...always remember it...then he said move on to the debt/equity ratio......i explain it the he said if 0.9010 show the debt then where is the equity ratio....i m just confuse in that point....then he said what is the accounting equation? i said assets= liabilities + oweners equity.....then he said ok....then put the values of assets and liabilities then it is? i said 1-0.90....then he said to the other teacher u can ask....he said no u can ask.....i forget in debt ratio he also said suppose debt ratio 5: 1 it is good or not? i said yes as standard ratio 60: 40 where debt is more than equity is good....he said it is for manufacturing companies not for the bank......then he said give one recommendation according to ratio analysis for the bank..... i answer him that bank should incraese its profit margin by decreasing its expenditures.....then he said ok thanyou u can go..............i think the best pratice is to prepare ur slides they just ask what is written in that some questions related to the general questions also.....
 

[ShahLa]

Nida thanks alot  for sharing in detail....

On Thu, Sep 22, 2011 at 3:12 PM, Nida <mc090...@vu.edu.pk> wrote:

Alhamdulillah  i passed my presentation and also complete mba.....its was great experience.....the questions which was asked to me during my presentation are as follows:
First i start the intro of the org. then they said go to the training program, then i start that part and there they asked many questions as i have written that i have done in 2 departmenta accounts opening and operation department.....the first question they asked me that what is main difference b/w account opening form and kyc form? i answered thenm that the main differnce is the source of income that in the account opening form there is no salary or business income of the customer is given in the accounts opening whereas this detail is given in the kyc form.Then they ask what is main thing in the CNIC we check? i said it is the expiry date of the cnic and the customer signature....then he ask me that from where it can be cheked that the CNIC of the customer is fake or not? i answer that form the versisys of the NADRA office....then he asked me what is photo a/c i answerd that the customers who are illeterate and their signatures are shaky then those customers a/c are photp a/c then he asked me that it is complusory to have a photo in that a/c? i answered that yes...then he asked me that it is complusory that all the customers accounts should have the photos in their form? i said no only for the customers whose a/cs are photo a/c account should have photos in their forms not all the customers photos are complusory......then he asked me that if i have photo a/c then other any one can go in my behalf and take the amount in my behalf? i said no...only the person whose account is photo a/c can take the amount from his account except no one else...then he asked me that there is only 2 department in the bank? i said no there are departments also as finace department and the trade department also......then he asked you have done work in these department also??i said bank mostly give me work in the accounts and the operation department not on other departments.....then they said ok go on ur training program then i give the detail work of the opertation department....the he said ok go on next slide on the ratio analysis and start ur first ratio.......i start the current ratio with definition and the give the detaril that in which year it is increasing and decreasing......then they asked me what is the reason that it is increasing in that and decraesing in other year? i answer them in that particular year the current assets are increasing from the current liabilities thats why in that year current ratio is increasing whereas in the other 2 years the current liabilties is decraesing thats y it is decreasing in the year.....then he asked what is standard ratio for the current ratio? i said it is 2:1 he said it is normal ratio for the banks it is 1.5:1 and he said u can see banks current ratio never increase from the 1 mostly....then he said go on next ratio....then i give same definitaion and interpertation....then he said go on leverage ratio and start with the times interest earned......and he asked how u calculate the ebit? i said net profit before tax and add the interest expense....then he said where the amount of interest expense u get? i said from the profit and loss account......then he said go on debt ratio.....then i start that ratio he asked what is the main liability of the bank? i said it is deposits of its customers.... then he said what u interprate from the debt ratio it should be low or high which is good for the bank? i said it should be low.....then he said u said that deposits are the liabities then deposits should increase or decrese which is better? i said it should be incraese it is always good for the bank then he said then he said y said debt ratio low he said  bank workingis different if it is higj it is good for the bank.....then he said u understand it...always remember it...then he said move on to the debt/equity ratio......i explain it the he said if 0.9010 show the debt then where is the equity ratio....i m just confuse in that point....then he said what is the accounting equation? i said assets= liabilities + oweners equity.....then he said ok....then put the values of assets and liabilities then it is? i said 1-0.90....then he said to the other teacher u can ask....he said no u can ask.....i forget in debt ratio he also said suppose debt ratio 5: 1 it is good or not? i said yes as standard ratio 60: 40 where debt is more than equity is good....he said it is for manufacturing companies not for the bank......then he said give one recommendation according to ratio analysis for the bank..... i answer him that bank should incraese its profit margin by decreasing its expenditures.....then he said ok thanyou u can go..............i think the best pratice is to prepare ur slides they just ask what is written in that some questions related to the general questions also.....
 

--

[mc090400619 Adnan Dilawar]

Folks,

 

I am Adnan from saudi arabia, doing job in telecom sector as Project Manager, I am doing MBA(Management) and i recieved a viva call. I am quiet user of VU Email, but it is time for you guys to advise me regarding Viva.

 

What questions are normally asked in viva for management subject?

 

I have often seen guys and girls talking about "Training program" in viva? so waht is it?

 

regards

adnan

mc090400619

adnandil...@yahoo.com

 

 

On Wed, Sep 21, 2011 at 10:43 PM, mc090404938 Nosheen Munir <mc090...@vu.edu.pk> wrote:

Quick Ratio is also known as  Acid Test Ratio.And banks do calculate it.

--

[Marina Khan]

Mostly they will ask from Ratio Analysis and from your training program ....so please prepare liquidity n profitability ratios .....carefully ...rest you can do easily! 

--

Marina Khan 

www.vuzs.net 

[mc090400619 Adnan Dilawar]

marina khan,

 

thats but I am MBA management student, so financial related questions seem irrelevant. am i right?

 

please also advise about "training program" what is it?

 

regards

adnan

[amara chm]

i selected all my due subjects like cs101, sta301, pak301 then OB502, eco402, mgt603, commnication skills

amm