2022年ACCA英国注册会计师考试密押卷带答案96

2022年ACCA英国注册会计师考试密押卷带答案1. 单选题 Theta Co purchased a patent on 31 December 20X3 for $250,000. Theta Co expects to use the patent for ten years, after which it will be valueless. According to IAS 38 Intangible assets, what amount will be amortised in Theta Cos statement of profit or loss and other comprehensive income for the year ended 31 December 20X4? A $250,000B $125,000C $25,000D $50,000考点 Chapter9Intangiblenon-currentassets解析 The patent should be amortised over its useful life of 10 years. (250,000 / 10) = $25,0002. 论述题 How can the constraint facing the Shaping Department be written as an inequality?考点 Chapter4Limitingfactoranalysis解析 The constraint facing the Shaping Department can be written as follows.0.04x + 0.12y 2,400The constraint has to be a less than or equal to inequality, because the amount of resource used (0.04x+ 0.12y) has to be less than or equal to the amount available of 2,400 hours.3. 单选题 Which of the following statements about process losses are correct? (i) Units of normal loss should be valued at full cost per unit (ii) Units of abnormal loss should be valued at their scrap value A (i) onlyB (ii) onlyC Both of themD Neither of them考点 Chapter11Processcosting解析 Statement (i) is incorrect. Units of normal loss are valued at their scrap value (which may be nil). Statement (ii) is incorrect. Units of abnormal loss are valued at the same rate as good units. Therefore the correct answer is D, statements (i) and (ii) both being incorrect.4. 材料题 Actual overheads cost $180,000 and 40,000 machine hours were worked.考点 考点：Chapter1Costing解析 $Actual overhead 180,000Absorbed overhead (40,000 $4) 160,000Under-absorbed overhead 20,000Reason: Budgeted and actual overhead costs were the same but fewer machine hours were worked thanexpected.5. 单选题 A company receives rent for subletting part of its office block.Rent, receivable quarterly in advance, is received as follows: Date of receipt Period covered $1 October 20X1 3 months to31 December 20X1 7,500 30 December 20X13 months to 31 March 20X2 7,5004 April 20X2 3 months to30 June 20X2 9,0001 July 20X2 3 months to 30 September 20X2 9,0001 October 20X2 3 months to31 December 20X29,000 What figures, based on these receipts, should appear in the companys financial statements for the year ended 30 November 20X2? Statement of profit or loss Statement of financial position A $34,000 DebitRent in arrears (Dr) $3,000B $34,500 CreditRent received in advance (Cr) $6,000C $34,000 CreditRent received in advance (Cr) $3,000D $34,000 CreditRent in arrears (Dr) $3,000考点 Chapter10Accrualsandprepayments解析 Receipt $1 October 20X1 ($7,500 x 1/3) 2,50030 December 20X1 7,5004 April 20X2 1 July 20X2 9,0001 October 20X2 (9,000 x 2/3) 9,000Credit to statement of profit or loss 6.000(3,000 Credit rent in advance) 34,0006. 单选题 Which TWO of the following are offences related to money laundering? (1) Failure to report (2) Placement (3) Integration (4) Tipping off A 1 and 2B 1 and 4C 2 and 3D 3 and 4考点 Chapter22Fraudulentandcriminalbehaviour解析 The three offences related to money laundering are laundering, failure to report and tipping off.7. 单选题 Fanta Co acquired 100% of the ordinary share capital of Tizer Co on 1 October 20X7. On 31 December 20X7 the share capital and retained earnings of Tizer Co were as follows: $000 Ordinary shares of $1 each 400 Retained earnings at 1 January 20X7 100 Retained profit for the year ended 31 December 20X7 80 580 The profits of Tizer Co have accrued evenly throughout 20X7. Goodwill arising on the acquisition of Tizer Co was $30,000. What was the cost of the investment in Tizer Co? A $400,000B $580,000C $610,000D $590,000考点 Chapter23Introductiontoconsolidatedfinancialstatements解析 $000Fair value of net assets acquired: 400Ordinary shares 100Retained earnings at 1 January 20X7 60Retained earnings for 9 months to acquisition date (80 x 9/12) 560Add goodwill 30 5908. 单选题 A company incurs the following costs at various activity levels： Total cost $ Activity level Units 250.000 5,000 312,5007,500 400.000 10,000 Using the high-low method what is the variable cost per unit? A $25B $30C $35D $40考点 Chapter5Costbehaviour解析 Activity level CostUnits $Highest 10,000 400,000Lowest 5,000 250,000 5,000 150,0009. 单选题 Which of the following best describes a top-down budget?A A budget which has been set by scaling down individual expenditure items until the total budgeted expenditure can be met from available resourcesB A budget which is set by delegating authority from top management, allowing budget holders to participate in setting their own budgetsC A budget which is set without permitting the ultimate budget holder to participate in the budgeting processD A budget which is set within the framework of strategic plans determined by top management考点 Chapter17Makingbudgetswork解析 A budget which is set without permitting the ultimate budget holder to participate in the budgeting process.10. 单选题 The preparation and filing of accounts by limited companies each year is required by which of the following?A Codes of corporate governanceB National legislationC International Accounting StandardsD Local Accounting Standards考点 Chapter8Theroleofaccounting解析 Examiners comments: The examiner commented that only 36% of students got this question correct. Mandatory reportstogovernment and shareholders are required under national legislation. Codes of corporate governance are principles-based and voluntary in nature. International and local Accounting Standards do affect the content and presentation of accounts but it is national legislation which dictates the requirements for preparation and filing of accounts11. 单选题 The inventory value for the financial statements of Q for the year ended 31 December 20X4 was based on an inventory count on 4 January 20X5, which gave a total inventory value of $836,200.Between 31 December and 4 January 20X5, the following transactions took place: $ Purchases of goods 8,600 Sales of goods (profit margin 30% on sales) 14,000 Goods returned by Q to supplierWhat adjusted figure should be included in the financial statements for inventories at 31 December20X4? A $838,100B $853,900C $818,500D $ 834,300考点 Chapter7Inventory解析 $Inventory count valueLess： 836,200purchases Add： (8,600) sales (14,000 x 70/100) Add： 9,800 goods returned Inventory figur700 838,10012. 单选题 Which of the following types of director is not validly appointed but is held out by the company to be adirector?A De jure directorB De facto directorC Shadow directorD Alternate director考点 Chapter18Companydirectors解析 A de jure director is expressly appointed. A de facto director is held out by the company to be adirector. A shadow director is neither, they are a person whose instructions the actual directors areaccustomed to follow. An alternate director is appointed by a director of a company to attend andvote for them at board meetings they are unable to attend.13. 论述题 A sales director believes that the price elasticity of demand for Product X is greater than 1, and proposesto take advantage of this by reducing the selling price for Product X. What will happen to sales revenueand profit if the price is reduced?考点 Chapter5Pricingdecisions解析 If price elasticity of demand is greater than 1, a reduction in the selling price will result in an increase inthe sales demand, so that total sales revenue increases.However, we do not know what will happen to total costs. Total costs will inevitably rise because moreunits of product will be made and sold. Without knowing more about the products costs, we do not knowby how much costs will rise.Total profit may well increase, but there is also a possibility that profits will fall because the increase incosts will exceed the increase in revenue following the price rise.14. 简答题 Which of the following relates to management accounts and which to financial accounts? Management accounts Financial accounts Prepared yearly For internal use Contains future information 考点 Chapter1Accountingformanagement解析 Management accounts Financial accountsPrepared yearly 对For internal use 对Contains future information对15. 简答题 Explain two factors that should be considered when designing divisional performance measures.考点 Chapter21Performancemeasurement解析 Factors that should be considered when designing divisional performance measures. These include:Each measure should be simple to calculate and to understand so that managers can see the effect of the decisions that they make on the measurement of their divisions performance.Each measure should be fair to the manager of the division and only include items that are within their control.16. 单选题 A manufacturing company which produces a range of products has developed a budget forthe life-cycle of a new product, P. The information in the following table relates exclusivelyto product P: Lifetime total Per unit Design costs $800,000 Direct manufacturing costs $20 Depreciation costs $500,000 Decommissioning costs $20,000 Machine hours 4 Production and sales units 300,000 The companys total fixed production overheads are budgeted to be $72 million each yearand total machine hours are budgeted to be 96 million hours. The company absorbsoverheads on a machine hour basis. What is the budgeted life-cycle cost per unit for product P? A $24.40B $25.73C $27.40D $22.73考点 Chapter2cLifecyclecosting解析 OAR for fixed production overheads ($72 million/96 million hours) = $0.75 per hourTotal manufacturing costs (300,000 units $20) = $6,000,000Total design, depreciation and decommissioning costs = $1,320,000Total fixed production overheads (300,000 units 4 hours $0.75) = $900,000Total life-cycle costs = $8,220,000 and life-cycle cost per unit ($8,220,000/300,000 units)= $27.4017. 单选题 The following circumstances may arise in relation to the launch of a new product: (i) Demand is relatively inelastic. (ii) There are significant economies of scale. (iii) The firm wishes to discourage new entrants to the market. (iv) The product life cycle is particularly short. Which of the above circumstances favour a penetration pricing policy? A (ii) and (iii) onlyB (ii) and (iv)C (i), (ii) and (iii)D (ii), (iii) and (iv) only考点 Chapter5Pricingdecisions解析 If demand is inelastic or the product life cycle is short, a price skimming approach wouldbe more appropriate.18. 材料题 材料全屏 The Chief Executive Officer of KL Ltd is Jeremy. Jeremy also runs his own business, FD Ltd, in his spare time. KL Ltd recently contracted to buy a significant amount of commercial goods from FD Ltd. Jeremy attended the KL Ltd board meeting that approved the contract and voted in favour of it, without revealing his association with FD Ltd.25 【论述题】 State what is meant by a directors fiduciary duties. 考点 考点：Chapter20Companymeetingsandresolutions解析 Since they make contracts as agents of the company and have control of its property, directors are said to be akin to trustees and therefore owe fiduciary duties to the company. A fiduciary duty is one based on common law principles of trust and honesty. Therefore a director must act bona fide and honestly and not seek any personal advantage when dealing with the company.19. 单选题 Which TWO of the following statements regarding preference shares are correct? (1) A company is compelled to pay dividends on preference shares every financial year (2) Preference shares do not normally entitle the shareholder to vote in company meetings (3) Preference shareholders usually have a right to have their capital returned in the event of a liquidationahead of ordinary shareholders (4) In the event of a liquidation, preference shareholders have the right to share in any surplus assetsahead of the ordinary shareholders A 1 and 2B 2 and 3C 2 and 4D 3 and 4考点 Chapter15Sharecapital解析 Preference shareholders do not usually have the right to vote in company meetings but they do havethe right to have their capital repaid ahead of ordinary shareholders in the event of a liquidation. Onliquidation, preference shareholders usually have no right to share in any surplus assets. A companyis not compelled to pay a dividend on preference shares.20. 单选题 Based on the above information, what figure should appear in As statement of profit or loss for the year ended 30 November 20X3 for purchases? A $283,760B $325,840C $329,760D $331,760考点 Chapter17Incompleterecords解析 21. 单选题 Which of the following changes to a companys articles of association is valid?A Compelling a member to subscribe for additional sharesB Permitting the company to perform an illegal actC Reducing the majority needed in a resolution to change the companys name to 25%D Compelling a member to accept increased liability on the companys shares that they hold考点 Chapter14Constitutionofacompany解析 A change to a companys articles is permitted providing it does not conflict with the Companies Act2006 or general law. A company may set its own procedure for changing its name but may notperform an illegal act. Changes that compel a member to subscribe for additional shares or increasetheir liability on the shares they own are not permitted.22. 单选题 A company operates a continuous process into which 3,000 units of material costing $9,000 was input in a period. Conversion costs for this period were $11,970 and losses, which have a scrap value of $1.50, are expected at a rate of 10% of input. There were no opening or closing inventories and output for the period was 2,900 units.What was the output valuation?A $20,271B $20,520C $20,970D $22,040考点 Chapter11Processcosting解析 $Material 9,000Conversion costs11,970Less scrap value of normal loss (300 x $1.50)(450)Cost of process20,520Expected output = 3,000 - (10% x 3,000) =3,000 - 300 = 2,700 unitCosts per unit = Input costs - scrap value of normal loss / Expected output= $20,520 / 2,700= $7.60Value of output = 2,900x$7.60=$22,04023. 单选题 A businesss bank balance increased by $750,000 during its last financial year. During the same period it issued shares of $1 million and repaid a loan note of $750,000. It purchased non-current assets for $200,000 and charged depreciation of $ 100,000. Working capital (other than the bank balance) increased by $575,000. What was its profit for the year? A $1,175,000B $1,275,000C $1,325,000D $1,375,000考点 Chapter17Incompleterecords解析 Profit for the year 1,175Add back depreciation 100 1275Add： issue of shares 1,000Less： repayment of loan notes (750)Less： purchase of non current assets(200) 1325Less： increase in working capital (575)Increase in bank balance75024. 材料题 State which may have a cumulative right to dividends考点 考