1 : Compare and contrast the Business Model test and the Solely Payments of Principal and Interest (SPPI) test used in International Financial Reporting Standard (IFRS) 9
2 : Explain the IFRS 9 ‘three-stage’ model (‘general model’) for impairment based on changes in credit quality since initial recognition.
3: Explain the main characteristics of a bank’s system of bookkeeping.
4 : Explain the operation of contribution in insurance using at least 2 examples.
5 : “While general contracts work on the principle of „simple good faith‟ insurance contracts work on the principle of „utmost good faith‟” Explain the statement with reasons.
