2022年ACCA英国注册会计师考试模拟卷含答案第267期

2022年ACCA英国注册会计师考试模拟卷含答案1. 单选题 A non-current asset (cost $15,000, depreciation $10,000) is given in part exchange for a new asset costing $20,500. The agreed trade-in value was $5,500. Which of the following will be included in the statement of profit or loss? A A profit on disposal $5,500B A loss on disposal $4,500C A loss on purchase of a new asset $5,500D A profit on disposal $500考点 Chapter8Tangiblenon-currentassets解析 $Carrying amount at disposal (15,000 - 10,000) 5,000Trade-in allowance 5,500Profit on disposal 5002. 单选题 Which of the following is required to permit a public company to reduce its share capital?A A special resolution and a solvency statement from the directorsB A special resolution and court approvalC Authority in the articles and a special resolution考点 Chapter17Capitalmaintenanceanddividendlaw解析 A special resolution and court approval are required for a public company to reduce its share capital.3. 单选题 Long-term sales forecasts are an example of accounting information used at which levelof control in an organisation?A Strategic planningB Management controlC Tactical controlD Operational control考点 Chapter14Performancemanagementinformationsystems解析 Strategic planning4. 单选题 Which of the following is a characteristic of feedback?A It is used mainly for planning purposesB It is secondary dataC It comes from internal sources within the organisationD It consists entirely of financial information考点 Chapter8Budgetarysystems解析 Feedback is used mainly for control reporting purposes. It is primary data. It comes frominternal sources within the organisation. It may consist of both financial and non-financialinformation.5. 材料题 Prepare the consolidated statement of profit or loss for Liverton for the year ended 31 May 20X6.考点 考点：Chapter25Theconsolidatedstatementofprofitorloss解析 Working: group structureWorking: Consolidated gross profitProfit on sale by Liverton to Everpool： $200,000 - $110,000 = $90,000Unrealised profit： $90,000 x 60% = $54,500Consolidated gross profit： $2,700,000 + $1,150,000 - $54,000 = $3,796,000Cost of sales is the balancing figure.6. 单选题 A fire on 30 September 20X2 destroyed some of a companys inventory and its inventory records. The following information is available: $ Inventory 1 September 20X2318.000 Sales for September 20X2 612.000 Purchases for September 20X2412.000 Inventory in good condition at 30 September 20X2214.000 Standard gross profit percentage on sales is 25% Based on this information, what is the value of the inventory lost? A $96,000B $271,000C $26,400D $57,000考点 Chapter17Incompleterecords解析 $Opening inventory 318,000Purchases 412,000Closing inventory (214,000) 516,000Notional cost of sales(612,000 x 75%)(459,000)Inventory lost57,0007. 单选题 A company secretary is a company officer that must be appointed by which of the following companies?A Public limited companyB Private limited companyC Unlimited liability company考点 Chapter19Othercompanyofficers解析 Only a public limited company must have a company secretary.8. 单选题 A line graph is being produced to show the cost of advertising and sales revenue for a business. Which values would be shown on which axis?A Both on the y-axisB Both on the x-axisC Cost of advertising on the x-axis and sales revenue on the y-axisD Sales revenue on the x-axis and cost of advertising on the y-axis考点 Chapter3Presentinginformation解析 The sales revenue is dependent on the money spent on advertising. The more advertising that is done the higher the sales revenue should be. Not vice versa9. 单选题 WQT Co manufactures a single product and an extract from their flexed budget for production costs is as follows. Activity level 80% 90% $ Direct material2,400 2,700 Labour 2,120 2,160 Production overhead 4,060 4,080 8,580 8,940 What would the total production cost allowance be in a budget flexed at the 83% level of activity? (to the nearest $) A $6,266B $6,888C $8,586D $8,688考点 Chapter15Budgeting解析 The total production cost allowance in a budget flexed at the 83% level of activity would be $8,688 (to the nearest $)Direct material cost per 1% = $30Labour and production overhead： $At 90% activity 6,240At80% activity 6,180Change 10% 60Variable cost per 1% activity =$60/10% =$6Substituting in 80% activity：Fixed cost of labour and production overhead =$6,180-(80x$6) =$5,700Flexed budget cost allowance: $Direct material $30 x 83 2,490Labour and production overhead： variable $6 x 83 498 fixed 5,7008,68810. 单选题 An LLP dissolves when a member leaves.A TrueB False考点 Chapter11Partnerships解析 False. LLPs are only dissolved when they cease to trade.11. 单选题 Which of the following is not a feature of strategic management accounting?A External orientationB Historic focusC Non-financial orientationD Inputs from many areas of a business考点 Chapter14Performancemanagementinformationsystems解析 Strategic management accounting is forward looking in contrast to traditional managementaccounting, which is a backward-looking process.12. 单选题 Which of the following is subject to the least direct regulation?A Employment protectionB Corporate social responsibilityC Corporate governance考点 Chapter7Corporategovernanceandsocialresponsibility解析 Rationale: Employment protection is just one example of an area which is subject to law.Corporate governance is an areawhich is subject to codes of best practice (and law in some countries). CSR is therefore the area subject to least regulationand most managerial discretion.13. 材料题 Explain whether Fred can claim unfair dismissal考点 考点：Chapter9Dismissalandredundancy解析 Fred feels that his confrontations with Jack are related to an automatically unfair reason for dismissal (tradeunion membership), and this is why he was dismissed. However, he will need to prove this to anyemployment tribunal.14. 材料题 材料全屏 Mr Grob started trading in 20X3, selling one product, wheelbarrows, on credit to small retail outlets. The following budgeted information for 20X4 has been gathered: January 20X4 February 20X4 March 20X4 Credit sales $12,000$15,000 $21,000 Receivables have recently been settling their debts 50% in the month following sale； and 50% two months after sale. A prompt payment discount of 3% is offered to those receivables paying within one month. The gross profit margin is expected to be 25%. Due to an anticipated continued increase in sales, Mr Grob intends to increase inventory levels in March 20X4 by $2,000, and it is intended that the payables balance is increased by $3,000 to ease cash flow in the same month. 72 【简答题】 Calculate the budgeted cash that will received in March 20X4. 考点 考点：Chapter15Budgeting解析 Cash received in March = $15,000 x 0.5 x 0.97 + $12,000 x 0.5 = $13,27515. 单选题 Which of the following control actions could be taken to help eliminate an adverse direct labour efficiency variance? (i) Employ more highly skilled labour (ii) Ensure stricter supervision of labour workers (iii) Ask employees to work paid overtime A (i) and (iii) onlyB (i) and (ii) onlyC (i), (ii) and (iii)D (ii) and (iii) only考点 Chapter16Thebudgetaryprocess解析 An adverse labour efficiency variance means that employees are taking too long to produce the products. Employing more highly skilled labour should help to speed up the process so statement (i) is applicable. Supervision of employees may help to improve efficiency standards by ensuring less time is wasted by employees. So statement (ii) is applicable. Asking employees to work paid overtime will not help to improve the efficiency because it is unlikely to reduce the number of hours worked. Employees may even slow down further and become more inefficient if they think that they can work overtime and be paid extra wages. So statement (iii) is not applicable.16. 简答题 What is the standard of proof in civil proceedings?考点 Chapter1Lawandthelegalsystem解析 The case must be proved on the balance of probability.17. 单选题 P Co, the parent company of a group, owns shares in three other companies. P 0!3 holdings are： QShares giving control of 60% of the voting rights in Q Co RShares giving control of 20% of the voting rights in R Co. remove all the directors of R CoP Co also has the right to appoint orSShares giving control of 10%of the voting rights in S Co,shares plus 90% of the non-voting preference Whichof these companies are subsidiaries of P Co? A Q Co, R Co and S CoB Q Co and S Co onlyC R Co and S Co onlyD Q Co and R Co only考点 Chapter23Introductiontoconsolidatedfinancialstatements解析 S is not a subsidiary as Ps shareholdings in S do not give it the power to control S. R is a subsidiary as P has the right to appoint or remove the directors of R, and so control it18. 单选题 Which of the following events between the reporting date and the date the financial statements are authorised for issue must be adjusted in the financial statements? 1Declaration of equity dividends 2Decline in market value of investments 3The announcement of changes in tax rates 4The announcement of a major restructuring A 1onlyB 2and 4C 3onlyD None of them考点 Chapter21Eventsafterthereportingperiod解析 None of these events require adjustment in the financial statements.19. 单选题 What does the statement sales is the principal budget factor mean?A The level of sales will determine the level of cash at the end of the periodB The level of sales will determine the level of profit at the end of the periodC The companys activities are limited by the level of sales it can achieveD Sales is the largest item in the budget考点 Chapter15Budgeting解析 The principal budget factor is the factor which limits the activities of an organisation.Although cash and profit are affected by the level of sales (options A and B), sales is not the only factor which determines the level of cash and profit.20. 单选题 An investment project has the following discounted cash flows ($000)： Year Discount rate 0% 10% 20% 0 90 90 90 1 30 27.3 25.0 2 30 24.8 29.8 3 30 22.5 17.4 4 3020.514.5 30 5.1(12.3) The required rate of return on investment is 10% per annum. What is the discounted payback period of the investment project A Less than 3.0 yearsB 3.0 yearsC Between 3.0 years and 4.0 yearsD More than 4.0 years考点 Chapter19Methodsofprojectappraisal解析 At the end of year 3, $74,600 has been paid back. The remaining $15,400 for payback will be received during year 4.21. 单选题 Williams trial balance at 30 September 20X5 includes the following balances： Trade receivables $75,943 Receivables allowance $4,751 How should these balances be reported in Williams statement of financial position as at 30 September 20X5? A An asset of $71,192B An asset of $75,943 and a liability of $4,751C A liability of $71,192D A liability of $75,943 and an asset of $4,751考点 Chapter5Ledgeraccountsanddoubleentry解析 The receivables allowance is deducted from trade receivables and the net figure of $71,192 ($75,943 - $4,751) is reported in the statement of financial position.22. 单选题 This question appeared in the June 2015 exam. X Co uses a throughput accounting system. Details of product A, per unit, are as follows: Selling price $320 Material costs $80 Conversion costs $60 Time on bottleneck resource 6 minutes What is the return per hour for product A? A $40B $2,400C $30D $1,800考点 Chapter2dThroughputaccounting解析 ($320 - $80)/(6/60) = $2,40023. 材料题 State whether the directors of Grave plc are required to hold the general meeting as requested by theauditors考点 考点：Chapter20Companymeetingsandresolutions解析 Underthe Companies Act, a general meeting can be called by an auditor who gives a statement detailing the circumstances for their resignation or other loss of office and requires their explanation to be considered by the company. Therefore the directors must uphold the request.24. 材料题 In an attempt to improve their liquidity position, Tel Co is considering offering an early settlement discount to its customers. Which TWO of the following outcomes may occur as a result of offering the early settlement discount?A Sales increaseB Bad debts increaseC Administration cost decreaseD Receivables decrease考点 考点：Chapter21Performancemeasurement解析 Sales increase Receivables decrease25. 单选题 A manufacturing company uses 25,000 components at an even rate during a year. Each order placed with the supplier of the components is for 2,000 components, which is the economic order quantity. The company holds a buffer inventory of 500 components. The annual cost of holding one component in inventory is $2.What is the total annual cost of holding inventory of the component?A $2,000B $2,500C $3,000D $4,000考点 Chapter6Accountingformaterials解析 Annual holding cost = Buffer inventory + (EOQ /2) x Annual holding cost per component =500 + (2000 +2) x 2= 3,00026. 单选题 The following statements have been made about measuring performance in not-for-profitorganisations: (1) Output does not usually have a market value, and it is therefore more difficult tomeasure effectiveness. (2) Control over the performance can only be satisfactorily achieved by assessments ofvalue for money. Which of the above statements is/are true? A (1) onlyB (2) onlyC Neither (1) nor (2)D Both (1) and (2)考点 Chapter18Furtheraspectsofperformancemanagement解析 (1) is not correct: Output does not usually have a market value, and it is therefore moredifficult to measure efficiency.27. 单选题 Which of the following changes to a companys articles of association is void?A Changes that allow a member additional votes so that they may block company resolutions on certainissuesB Changes that restrict the objects of the companyC Changes that conflict with the Companies Act考点 Chapter14Constitutionofacompany解析 Changes to company articles that conflict with the Companies Act are void. The other options arevalid changes.28. 单选题 The ordinary business of an annual general meeting includes which of the following?A Reducing the companys share capitalB Changing the companys nameC Appointing an administratorD Approving the payment of dividends考点 Chapter20Companymeetingsandresolutions解析 Approving dividends is included in the ordinary business of an AGM.29. 单选题 How much should be invested now (to the nearest $) to receive $24,000 per annum in perpetuity if the annual rate of interest is 5%?A $1,200B $478,800C $480,000D $481,200考点 Chapter19Methodsofprojectappraisal解析 The present value of a perpetuity is：PV=a/rwhere a = annuity = $24,000 r = cost of capital as a proportion = 5% = 0.05PV =24,000/0.05=$480,00030. 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.31. 单选题 Betis Limited is considering changing the way it is structured by asking its employed staff tobecome