Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. Wasim is the Customer Services Manager in a large leisure park. The forthcoming weekend is going to be the busiest of the year, as it is a public holiday. Wasim has to cope with several absentees, leaving him short-staffed in public areas of the park. His manager has told him that he expects him to catch up with some administrative reports that were due last week. Wasim also has to arrange for six new staff to be trained, who will be arriving imminently. In order to manage his workload most effectively, what should Wasim do? A Prioritise the tasks in relation to the most important business outcomes  B Deal with the reports that the manager insists be prepared C Train the new recruits D Carry out some of the work that the absentees would normally do Answer：  A An employee with a range of tasks or objectives to achieve and pressures to achieve them to set deadlines, should always prioritise tasks in accordance to business importance. Deciding on other criteria such as pressure applied by colleagues, whether someone is absent or not or simply because a task is urgent may damage wider business objectives. ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： ACCA F1科目考试重点，必看！ 如何查询自己ACCA可以免考几科？

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple  choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. Which of the following statements is NOT correct? A Return on capital employed can be defined as profit before interest and tax divided by the sum of shareholders’funds and prior charge capital B Return on capital employed is the product of net profit margin and net asset turnover C Dividend yield can be defined as dividend per share divided by the ex dividend share price D Return on equity can be defined as profit before interest and tax divided by shareholders’ funds Answer： D ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： ACCA会员权利 & 义务知多少 学ACCA能收获哪些实用专业技能？ 新手入门之ACCA备考如何挑选教材？    

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. Shiba Co entered into a non-cancellable four-year operating lease to hire a photocopier on 1 January 20X7. The terms of the lease agreement were as follows: Operating lease rental                                                           $5,000 per annum Cash back incentive received at the start of the lease          $1,000 Useful life of the asset                                                           Eight years What is the charge in the statement of profit or loss of Shiba Co for the year ended 31 December 20X7 in respect of this operating lease? A $2,375  B $4,000 C $4,750  D $5,250  Answer： C Net total being paid over four years (($5,000 x 4 years) – $1,000) 19,000 Annual charge spread evenly over the lease term ($19,000/4 years) 4,750 ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 【考试攻略】最全ACCA笔考攻略（超详细） ACCA F1科目考试重点，必看！  

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. Included within the financial assets of Zinet Co at 31 March 20X9 are the following two recently purchased investments in publically-traded equity shares: Investment 1 – 10% of the issued share capital of Haruka Co. This shareholding was acquired as a long-term investment as Zinet Co wishes to participate as an active shareholder of Haruka Co. Investment 2 – 10% of the issued share capital of Lukas Co. This shareholding was acquired for speculative purposes and Zinet Co expects to sell these shares in the near future. Neither of these shareholdings gives Zinet Co significant influence over the investee companies. Wherever possible, the directors of Zinet Co wish to avoid taking any fair value movements to profit or loss, so as to minimise volatility in reported earnings. How should the fair value movements in these investments be reported in Zinet Co’s financial statements for the year ended 31 March 20X9? A In profit or loss for both investments B In other comprehensive income for both investments C In profit or loss for investment 1 and in other comprehensive income for investment 2  D In other comprehensive income for investment 1 and in profit or loss for investment 2  Answer： D ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： ACCA考试经验——简单粗暴就可以！ ACCA学历项目：英国伦敦大学专业会计硕士（UOL）学位申请  

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. Each question is worth 2 marks. Q’s trial balance failed to agree and a suspense account was opened for the difference. Q does not keep receivables and payables control accounts. The following errors were found in Q’s accounting records: (1) In recording an issue of shares at par, cash received of $333,000 was credited to the ordinary share capital account as $330,000 (2) Cash of $2,800 paid for plant repairs was correctly accounted for in the cash book but was credited to the plant asset account (3) The petty cash book balance of $500 had been omitted from the trial balance (4) A cheque for $78,400 paid for the purchase of a motor car was debited to the motor vehicles account as  $87,400. Which of the errors will require an entry to the suspense account to correct them? A 1, 2 and 4 only B 1, 2, 3 and 4 C 1 and 4 only D 2 and 3 only Answer： B ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣   更多精彩： 上班族如何高效复习备考ACCA？ ACCA新手入门该如何安排学习计划？学习ACCA到底有什么收获？ CFA,FRM,CPA,ACCA,MBA谁更适合你?  

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. Each question is worth 2 marks. Gareth, a sales tax registered trader purchased a computer for use in his business. The invoice for the computer showed the following costs related to the purchase:                                                $ Computer                            890 Additional memory               95 Delivery                                 10 Installation                            20 Maintenance (1 year)            25                                           ––––––                                          1,040 Sales tax (17·5%)                 182                                           –––––– Total                                 1,222                                           –––––– How much should Gareth capitalise as a non-current asset in relation to the purchase? A $1,193 B $1,040 C $1,222 D $1,015 Answer：  D 1,040 – 25 = $1,015 ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣   更多精彩： ACCA这张证书价值究竟有多大？写给对ACCA仍不了解的童鞋们 传说中最适合考ACCA的大学专业，你的专业中枪了吗.... ACCA新手入门该如何安排学习计划？学习ACCA到底有什么收获？  

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple  choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. Which of the following statements is/are correct? (1) Monetary policy seeks to influence aggregate demand by increasing or decreasing the money raised through taxation (2) When governments adopt a floating exchange rate system, the exchange rate is an equilibrium between demand and supply in the foreign exchange market (3) Fiscal policy seeks to influence the economy and economic growth by increasing or decreasing interest rates A 2 only B 1 and 2 only C 1 and 3 only D 1, 2 and 3   Answer： A ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 学ACCA能收获哪些实用专业技能？ 新手入门之ACCA备考如何挑选教材？ CFA,FRM,CPA,ACCA,MBA谁更适合你?  

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to  each multiple choice question. Each question is worth 2 marks. A company’s motor vehicles cost account at 30 June 20X6 is as follows: Motor vehicles – cost                                                                                   $                                                                       $ Balance b/f                                                          35,800                            Disposal                       12,000 Additions                                                             12,950                        Balance c/f                       36,750                                                                            –––––––                                                                –––––––                                                                              48,750                                                                 48,750                                                                            –––––––                                                                ––––––– What opening balance should be included in the following period’s trial balance for Motor vehicles – cost at  1 July 20X6? A $36,750 Dr B $48,750 Dr C $36,750 Cr D $48,750 Cr Answer： A ACCA特许公认会计师F段+学士学位【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 5大ACCA学习利器！ 【考试攻略】最全ACCA笔考攻略（超详细） ACCA会员分享 | 会计人成长重在“宽度”与“高度”      

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. Each question is worth 2 marks An investment project has a cost of $12,000, payable at the start of the first year of operation. The possible future  cash flows arising from the investment project have the following present values and associated probabilities:                 PV of                                                                 PV of Year 1 cash flow ($)              Probability             Year 2 cash flow ($)            Probability                16,000                       0·15                                 20,000                        0·75                12,000                       0·60                                 (2,000)                        0·25                (4,000)                       0·25 What is the expected value of the net present value of the investment project? A $11,850 B $28,700 C $11,100 D $76,300 Answer： C Total cash flow                         Joint probability                     EV of cash flow         ($)                                                                                              ($)     36,000                                          0·1125                                    4,050     14,000                                          0·0375                                       525     32,000                                          0·4500                                  14,400     10,000                                          0·1500                                    1,500     16,000                                          0·1875                                    3,000     (6,000)                                          0·0625                                    (375)                                                                                                      –––––––                                                                                                       23,100                                              Less initial investment                    (12,000)                                                                                                      –––––––                                                     EV of the NPV                            11,100                                                                                                      ––––––– ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： 传说中最适合考ACCA的大学专业，你的专业中枪了吗.... ACCA准考证打印（附教程） ACCA新手入门该如何安排学习计划？学习ACCA到底有什么收获？  

Please use the grid provided on page two of the Candidate Answer Booklet to record your answers to each multiple  choice question. Do not write out the answers to the MCQs on the lined pages of the answer booklet. Each question is worth 2 marks. A company needs $150,000 each year for regular payments. Converting the company’s short-term investments into cash to meet these regular payments incurs a fixed cost of $400 per transaction. These short-term investments pay interest of 5% per year, while the company earns interest of only 1% per year on cash deposits. According to the Baumol Model, what is the optimum amount of short-term investments to convert into cash in each transaction? A $38,730 B $48,990 C $54,772 D $63,246 Answer： C Optimum cash conversion = (2 x 400 x 150,000/(0·05 – 0·01))0·5 = $54,772 ACCA特许公认会计师F段+OBU本科学位班【签约班】 高级商业会计证书+英国牛津布鲁克斯大学学士学位 不过重读1年 查看折扣 ACCA特许公认会计师P段【签约班】 名师授课，签约过关有保障！不过免费重读1年 查看折扣 ACCA特许公认会计师全科【签约班】 名师授课，助您零基础直达ACCA初级 查看折扣 更多精彩： ACCA F1科目考试重点，必看！ ACCA新手入门该如何安排学习计划？学习ACCA到底有什么收获？ ACCA会员权利 & 义务知多少