1. To gain an insight into the many laws and precepts that governs the daily operations of Scotia Bank.
2. To unearth the legal, social, ethical and technological issues that affects Scotia Bank and their impact on its operations.
3. To come to a conclusion on the basis of the topic selected and to derive appropriate recommendations.
4. To help the researcher in endorsing investigative proficiencies.
5. To consent to the development of improved attitude and mind-set towards course works.
6. To assist in the development of the ability to identify suitable resource material and to facilitate a disposition for independent research.
The objectives of this School Based Assessment include to:
1. Justify the use of standards in Accounting;
2. Assess the impact of technology on Financial Accounting;
3. Assess critically the advantages and disadvantages of the various forms of organization;
4. Discuss the social and ethical issues in financial reporting;
5. Prepare financial statements in a form suitable for publication, using disclosure requirements and relevant legislation.
Data collection and analysis
The data accumulated was done through the mediums of both primary sources and secondary sources. A primary source is an original object or document - the raw material or first-hand information. They include the distribution of questionnaires, conducting interviews and by means of observations. Secondary sources are documents or recordings that relates or discusses information originally presented elsewhere. Secondary sources involve generalization, analysis, synthesis, interpretation, or evaluation of the original information, that is, the primary sources.
The method of primary data collecting and investigation that was used to obtain information was by means of a questionnaire. A questionnaire is a series of questions asked to individuals to obtain statistically and theoretically useful information