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. On 1 January 20X6, Gardenbugs Co received a $30,000 government grant relating to equipment which cost $90,000 and had a useful life of six years. The grant was netted off against the cost of the equipment. On 1 January 20X7, when the equipment had a carrying amount of $50,000, its use was changed so that it was no longer being used in accordance with the grant. This meant that the grant needed to be repaid in full but by 31 December 20X7, this had not yet been done. Which journal entry is required to reflect the correct accounting treatment of the government grant and the equipment in the financial statements of Gardenbugs Co for the year ended 31 December 20X7? A Dr Property, plant and equipment         $10,000    Dr Depreciation expense                        $20,000    Cr Liability                                                           $30,000  B Dr Property, plant and equipment         $15,000    Dr Depreciation expense                        $15,000    Cr Liability                                                           $30,000 C Dr Property, plant and equipment         $10,000    Dr Depreciation expense                        $15,000    Dr Retained earnings                                $5,000    Cr Liability                                                           $30,000 D Dr Property, plant and equipment         $20,000     Dr Depreciation expense                        $10,000     Cr Liability                                                          $30,000 Answer：  A The repayment of the grant must be treated as a change in accounting estimate. The carrying amount of the asset must be increased as the netting off method has been used. The resulting extra depreciation must be charged immediately to profit or loss.                                  Original                       As if no grant             Adjustment  Cost                        90,000                          90,000 Grant                     (30,000)                               –––––––                                60,000 Depreciation         (10,000) [1 yr]              (30,000) [2 yr]              Dr Depn exp 20,000                               –––––––                        ––––––– Carrying amount    50,000 [1/1/X7]           60,000 [31/12/X7]      Dr PPE 10,000                                                                                                       Cr Liability 30,000 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这张证书价值究竟有多大？写给对ACCA仍不了解的童鞋们 学ACCA能收获哪些实用专业技能？  

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. At 30 June 20X5 a company’s allowance for receivables was $39,000. At 30 June 20X6 trade receivables totalled $517,000. It was decided to write off debts totalling $37,000 and to adjust the allowance for receivables to the equivalent of 5% of the trade receivables based on past events. What figure should appear in the statement of profit or loss for the year ended 30 June 20X6 for receivables expense? A $61,000 B $52,000 C $22,000 D $37,000 Answer:  C                                                          $                      $ Debts written off                                              37,000 Movement in allowance: (517 – 37) x 5%                           24,000 Less opening allowance             39,000                                                                        (15,000)                                                                        ––––––– Receivables expense                                       22,000                                                                        ––––––– 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 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    

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. Which of the following explains the imprest system of operating petty cash? A Weekly expenditure cannot exceed a set amount B The exact amount of expenditure is reimbursed at intervals to maintain a fixed float C All expenditure out of the petty cash must be properly authorised D Regular equal amounts of cash are transferred into petty cash at intervals   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： ACCA F1科目考试重点，必看！ 上班族如何高效复习备考ACCA？ 传说中最适合考ACCA的大学专业，你的专业中枪了吗....  

ACCA为主之外，之后的大部分科目都以主观题为主，没有所谓的标准答案，ACCA考官只需要考生独到的见解和有力的分析。 六、就业前景不同 CPA培养的是执业注册会计师，它的目标在于培养专才。而ACCA的目标在于培养复合型的高级管理人才，而非一般的记账员或审计员。 ACCA在国内被称为国际注册会计师，认可ACCA的全球8500多家雇主，这其中包括四大会计师事务所、世界知名银行、顶尖投行、大型国有企业等等。像快消品的可口可乐、沃尔玛、耐克；通信领域的华为、苹果；金融服务事务所的德勤、HSBC等；生产制造的美的、飞利浦等等都是认可ACCA雇主中的一部分。 ACCA学员毕业后的就职方向：外资银行金融投资分析师；跨国公司的财务、内审、金融、风险控制人员；国际会计师事务所的审计师、咨询师；国内境外上市公司的财务、金融分析人员；国内审计师事务所的涉外部门主管等。 目前在国内的含金量很高，拿到CPA证书之后，在很多企业中可以任职主管会计、财务经理、财务总监等职位。因为拿下CPA就拥有签字权，所以在国内CPA也基本是财务管理层的必备证书。因此无论是求职还是升职，CPA都是一个很好的选择。 综合ACCA和CPA以上各方面的对比，小伙伴心里应该有自己的选择了，那就行动起来吧！   ACCA特许公认会计师【全科签约取证班】 一次取证，免费重读 查看优惠 ACCA特许公认会计师F1-F3【零基础通关班】 双师领航，轻松入门 查看优惠 ACCA中级技能课程F5-F9任选2科班 语言优势+专业能力 查看折扣 ACCA F Level 9科+OBU论文辅导班 F Level+英国牛津布鲁克斯学士学位 查看折扣

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. Crag Co has sales of $200m per year and the gross profit margin is 40%. Finished goods inventory days vary throughout the year within the following range:                                               Maximum       Minimum Inventory (days)                      120                      90 All purchases and sales are made on a cash basis and no inventory of raw materials or work in progress is carried. Crag Co intends to finance permanent current assets with equity and fluctuating current assets with its overdraft. In relation to finished goods inventory and assuming a 360-day year, how much finance will be needed from the overdraft? A $10m B $17m C $30m D $40m Answer： A $200m x 30/360 x 0·6 = $10m 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 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 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 更多精彩： ACCA : F1阶段的每个章节介绍 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    

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. Lane Co has in issue 3% convertible loan notes which are redeemable in five years’ time at their nominal value of  $100 per loan note. Alternatively, each loan note can be converted in five years’ time into 25 Lane Co ordinary shares. The current share price of Lane Co is $3·60 per share and future share price growth is expected to be 5% per year. The before-tax cost of debt of these loan notes is 10% and corporation tax is 30%. What is the current market value of a Lane Co convertible loan note? A $82·71 B $73·47 C $67·26 D $94·20 Answer： A Conversion value = 3·60 x 1·055 x 25 = $114·87 Discounting at 10%, loan note value = (3 x 3·791) + (114·87 x 0·621) = $82·71 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 ACCA会员分享 | 会计人成长重在“宽度”与“高度”      

亲爱的ACCA学员： 应广大学员和雇主的要求，ACCA正在逐步增加考试的灵活性。自2016年开始ACCA的考试将在所有国家和地区全面实行4个考季，分别在3 月、6月、9月及12月。(F4中国卷及F6中国卷将保持在6月和12月的两个考季)。同时，ACCA将改变考试报名和成绩公布日， 更多细节将ACCA学员： 应广大学员和雇主的要求，ACCA正在逐步增加考试的灵活性。自2016年开始ACCA会在2015年公布。 　　另外，ACCA将于2015年9月在部分国家的主要城市试行增加一个考季。在中国大陆，试行考试将会开放北京，上海，南京及广州四个城市的考点. 　　请您注意以下重要的日期： 　　2015年6月的成绩将提前1周公布，即2015年8月1日 　　2015年9月的考试报名期间为2015年7月6日至8月10日 　　2015年9月和12月的考试时间分别为9月7-11日及12月7-11日(详情查看>>> ) 　   您在报名2015年9月的考试时，可以同时报名12月的考试，以方便制定学习计划。 　　增加考试的灵活性受到了全球范围内的学员的普遍支持。需要强调的是ACCA的考试将一如既往的严格，您需要同等程度的努力去学习相关科目并准备 考试。 ACCA依然沿用在一年内最多可以报考的科目仍然为8门(不包括补考)，每个考季报考不超过4门的政策。建议您根据自己的具体情况制定学习方案并合理使用新增考季。

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. Which TWO of the following items must be disclosed in the note to the financial statements for intangible assets? (1) The useful lives of intangible assets capitalised in the financial statements  (2) A description of the development projects that have been undertaken during the period (3) A list of all intangible assets purchased or developed in the period (4) Impairment losses written off intangible assets during the period  A 1 and 4 B 2 and 3  C 3 and 4  D 1 and 2  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： 【考试攻略】最全ACCA笔考攻略（超详细） 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 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. The owners of a private company wish to dispose of their entire investment in the company. The company has an issued share capital of $1m of $0·50 nominal value ordinary shares. The owners have made the following valuations of the company’s assets and liabilities. Non-current assets (book value)                     $30m Current assets                                                  $18m Non-current liabilities                                      $12m Current liabilities                                              $10m The net realisable value of the non-current assets exceeds their book value by $4m. The current assets include $2m of accounts receivable which are thought to be irrecoverable. What is the minimum price per share which the owners should accept for the company? A $14 B $25 C $28 D $13 Answer： A They should not accept less than NRV: (30m + 18m + 4m – 2m – 12m – 10m)/2m = $14 per share 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 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 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 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 F1科目考试重点，必看！

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. At 31 December 20X4 a company’s capital structure was as follows:                                                                 $ Ordinary share capital                       125,000 (500,000 shares of 25c each) Share premium account                    100,000 In the year ended 31 December 20X5 the company made a rights issue of 1 share for every 2 held at $1 per share and this was taken up in full. Later in the year the company made a bonus issue of 1 share for every 5 held, using the share premium account for the purpose. What was the company’s capital structure at 31 December 20X5? Ordinary share capital Share premium account A $450,000 $25,000 B $225,000 $250,000 C $225,000 $325,000 D $212,500 $262,500 Answer： B Share capital Share premium                                                                  $                          $ Balance b/f                                       125,000                100,000 Rights issue                                         62,500                187,500 Bonus issue                                         37,500                 (37,500)                                                            ––––––––                –––––––– Balance c/f                                         225,000                 250,000                                                             ––––––––               ––––––––   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 ACCA学历项目：英国伦敦大学专业会计硕士（UOL）学位申请 ACCA会员分享 | 会计人成长重在“宽度”与“高度”