Accountant in Business
春暖花开等着你Time allowed: 2 hours
ALL FIFTY questions are compulsory and MUST be attempted.
Do NOT open this paper until instructed by the supervisor.
This question paper must not be removed from the examination hall.
Fundamentals Pilot Paper – Knowledge module
P a p e r F 1The Association of Chartered Certified Accountants
ALL FIFTY questions are compulsory and MUST be attempted
Plea u the Candidate Registration Sheet provided to indicate your chon answer to each multiple choice question. 1An organisation which restructures through a major de-layering exerci has as a result moved to a shorter scalar
chain and a narrower span of control.
Is the above statement true or fal?
A True
B Fal
(1 mark)
2Which of the following is the main function of marketing?
A To maximi sales volume
B To identify and anticipate customer needs
C To persuade potential consumers to convert latent demand into expenditure
D To identify suitable outlets for goods and rvices supplied
(2 marks)
3 Which one of the following has become an established best practice in corporate governance in recent years?
A An increasingly prominent role for non-executive directors
B An increa in the powers of external auditors
C Greater accountability for directors who are in breach of their fiduciary duties
D A requirement for all companies to establish an internal audit function
(2 marks) 4In a higher education teaching organisation an academic faculty is organid into cours and departments, where teaching staff report both to cour programme managers and to subject specialists, depending on which cour they teach and upon their particular subject specialism.
According to Charles Handy’s four cultural stereotypes, which of the following describes the above type of organisational structure?
A Role
B Task
C Power
D Person
(2 marks)
5At what stage of the planning process should a company carry out a situation analysis?
A When converting strategic objectives into tactical plans
B When formulating a mission statement
C When validating the effectiveness of plans against outcomes
D When formulating strategic objectives
(2 marks)
6Which one of the following is potential advantage of decentralisation?
A Greater control by nior management
B Risk reduction in relation to operational decision-making
合同赔偿C More accountability at lower levels
D Consistency of decision-making across the organisation
(2 marks)
7 Which one of the following is an example of a internal stakeholder?
A A shareholder
B An non-executive director
C A manager
心佛>农业与技术D A supplier
(2 marks)
8According to Mendelow, companies must pay most attention to the needs of which group of stakeholders?
A Tho with little power and little interest in the company
B Tho with a high level of power but little interest in the company
C Tho with little power but a high level of interest in the company
D Tho with a high level of power and a high level of interest in the company
(2 marks)
9What is the responsibility of a Public Oversight Board?
A The establishment of detailed rules on internal audit procedures
B The commissioning of financial reporting standards
C The creation of legislation relating to accounting standards
D The monitoring and enforcement of legal and compliance standards
(2 marks) 10The ageing population trend in many European countries is caud by a increasing birth rate and an increasing mortality rate.
Is this statement true or fal?
A True
B Fal
(1 mark) 11Which one of the following is consistent with a government’s policy objective to expand the level of economic activity?
A An increa in taxation
B An increa in interest rates
C An increa in personal savings
D An increa in public expenditure
(2 marks)
12Martin is an experienced and fully trained shipbuilder, bad in a western European city. Due to significant economic change in supply and demand conditions for shipbuilding in Martin’s own country, the shipyard he worked for has clod and he was made redundant. There was no other loc
al demand for his skills within his own region and he would have to move to another country to obtain a similar employment, and could only find similar work locally through undertaking at least a year’s retraining in a related engineering field.
Which of the following describes the type of unemployment that Martin has been affected by?
A Structural unemployment
手机类型B Cyclical unemployment
C Frictional unemployment
D Marginal unemployment
(2 marks) 13When an organisation carries out an environmental scan, it analys which of the following?
A Strengths, weakness, opportunities and threats
B Political, economic, social and technological factors
C Strategic options and choice
D Inbound and outbound logistics
(2 marks)
14Which of the following is data protection legislation primarily designed to protect?
A All private individuals and corporate entities on whom only regulated data is held
B All private individuals on whom only regulated data is held
C All private individuals on whom any data is held
D All private individuals and corporate entities on whom any data is held
(2 marks) 15Which of the following types of new legislation would provide greater employment opportunities in large companies?
A New laws on health and safety
B New laws to prevent discrimination in the workplace
C New laws making it more difficult to dismiss employees unfairly
D New laws on higher compensation for employer breaches of employment contracts
(2 marks) 16The total level of demand in the economy is made up of consumption, ____________, government expenditure and
net gains from international trade.
Which of the following correctly completes the ntence above.
A Savings
B Taxation
C Investment
(1 mark)
17Which t of environmental factors does a lobby group intend to directly influence?
A Political
B Technological
C Demographic
D Economic
(2 marks)
18Adrian is the manager of a call centre. Consultants have advid him that by reorganising his teams to complete highly specific tasks the call centre will be able to increa the throughput of work significantly, as well as
increasing the number of sales calls made to the public. The reorganisation proposals are unpopular with many workers, who feel that their jobs will become tedious and repetitive.
The proposal to reorgani the work of the call centre utilis principles put forward by which school of
management thought?
A The human relations school
B The empirical school
C The scientific school
D The administrative school
(2 marks) 19The original role of the accounting function was which one of the following?
蔺相如和廉颇的故事
A Providing management information
B Recording financial information
C Maintaining financial control
D Managing funds efficiently
(2 marks)
20Tax avoidance is a legal activity whilst tax evasion is an illegal activity.
Is this statement true or fal?渊鱼
A True
B Fal
(1 mark)
21The system ud by a company to record sales and purchas is an example of which of the following?
A A transaction processing system.
B A management information system
C An office automation system
D A decision support system
(2 marks)
22The implementation of a budgetary control system in a large organisation would be the responsibility of the internal auditor.
Is this statement true or fal?
A True
B Fal
(1 mark)
23Which type of organisation would have the retail prices it charges to personal consumers subject to clo scrutiny by a regulator?
A A multinational corporation
B A multi-divisional conglomerate
C A national utilities company
D A financial rvices provider
(2 marks)
24The central bank has announced a 2% increa in interest rates.
This decision has the most impact on which department in a large company?
A Auditing
B Treasury
C Financial accounting
D Production
(2 marks)
25The major purpo of the International Accounting Standards Board (IASB) is to ensure consistency in ___________.
长豆角怎么炒好吃
Which two words complete this ntence?
A Financial control
B Corporate reporting
C External auditing
(1 mark) 26Farrah, Gordon, Helene and Ian work in the finance department of X Co, which has parate financial accounting and management accounting functions. Farrah deals with payroll, the purcha ledger and sales invoicing. Gordon’s duties involve inventory valuation, budgetary control and variance analysis. Helene deals with fraud prevention and detection, and internal control. Ian carries out risk asssments, investment appraisals and assists in project planning.
Which member of the department works in the financial accounts function?
A Farrah
B Gordon
C Helene
D Ian
(2 marks)
