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.  Which of the following statements is true? A The interpretation of an entity’s financial statements using ratios is only useful for potential investors B Ratios based on historical data can predict the future performance of an entity C The analysis of financial statements using ratios provides useful information when compared with previous performance or industry averages  D An entity’s management will not assess an entity’s performance using financial ratios Answer：  C 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 F1科目考试重点，必看！ 上班族如何高效复习备考ACCA？  

数量，协会强烈建议考生自带午餐   杭州考场   1.Hangzhou International Expo Center（杭州国际博览中心）   地址：浙江省杭州市萧山区奔竞大道353号 交通路线：地铁2号线钱江世纪城站下F口出，步行约20分钟到，或乘坐公交419路在国际博览中心站下，或乘坐422路金鸡路奔竞大道口站下，步行约10分钟到 停车：4000个停车位，2.5元/小时，或者20元/天 考生入口：2号门直达测试厅 入场时间：早上7:45开始，下午13:00开始 午餐：2楼有美食廊，考生可以在此购买盒饭并就餐，外带食物禁止在场馆内食用   青岛考场   1.Qingdao International Convention Center（青岛国际会展中心） 地址：青岛市崂山区苗岭路9号  电话：0532-88894301  停车服务： 1、经苗岭路->1号门->南广场  2、经云岭路->2号门->东广场 交通指南： 地铁11号线会展中心B出口 大连考场   1.Dalian World Expo Center（大连世界博览广场）   地址：辽宁省大连市星海广场F区10号 交通路线：地铁1号线会展中心站D出口或1号线星海广

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 are differences between sole traders and limited liability companies? (1) A sole trader’s financial statements are private and never made available to third parties; a company’s financial  statements are sent to shareholders and may be publicly filed (2) Only companies have share capital (3) A sole trader is fully and personally liable for any losses that the business might make (4) Drawings would only appear in the financial statements of a sole trader A 1 and 4 only  B 2, 3 and 4  C 2 and 3 only D 1, 3 and 4  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？ 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）    

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. The total of the list of balances in Valley’s payables ledger was $438,900 at 30 June 20X6. This balance did not agree with Valley’s payables ledger control account balance. The following errors were discovered: (1) A contra entry of $980 was recorded in the payables ledger control account, but not in the payables ledger. (2) The total of the purchase returns daybook was undercast by $1,000. (3) An invoice for $4,344 was posted to the supplier’s account as $4,434. What amount should Valley report in its statement of financial position for accounts payable at 30 June 20X6? A $436,830 B $438,010 C $439,790 D $437,830 Answer:  D                                                         $ Balance per ledger                      438,900 Less contra                                       (980) Posting error                                      (90)                                                    –––––––– Corrected balance                       437,830                                                     –––––––– 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： 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） 学ACCA能收获哪些实用专业技能？        

Ham, Sam and Tam formed a partnership to run a petrol station. The partnership agreement expressly stated that the partnership business was to be limited exclusively to the sale of petrol. In January 2008 Sam received £10,000 from the partnership’s bank drawn on its overdraft facility. He told the bank that the money was to finance a short-term partnership debt but in fact he used the money to pay for a round the world cruise. In February Tam entered into a £15,000 contract on behalf of the partnership to buy some used cars, which he hoped to sell from the garage forecourt. In March the partnership’s bank refused to honour its cheque for the payment of its monthly petrol account, on the basis that there were no funds in its account and it had reached its overdraft facility. Required: Advise Ham, Sam and Tam as to their various rights and liabilities in relation to partnership law. (10 marks) 【答案】 Sam has clearly used his powers for an unauthorised purpose. Unfortunately for the other partners they cannot repudiate his transaction with the bank, even although it was outside his actual authority. The reason being that it is within his implied authority as a partner to enter into such a transaction. As a trading partnership, all the members have the implied authority to borrow money on the credit of the firm and the bank would be under no duty to investigate the purpose to which the loan was to be put. As a result the partnership cannot repudiate the debt to the bank and each of the partners will be liable for its payment. It has to be stated, however, that Sam will be personally liable to the other partners for the £10,000 and as a further consequence of his breach of his duty not to act in any way prejudicial to the partnership business, the partnership could be wound up. Tam’s purchase of the used cars was also clearly outside of the express provision of the partnership agreement. Nonetheless the partnership would be liable as the transaction would be likely to be held to be within the implied authority of a partner in a garage business (Mercantile Credit v Garrod (1962)). Once again Tam, the partner in default of the agreement, would be liable to the other members for any loss sustained in the transaction. As regards the payment for the petrol, that is clearly within the ambit of the partnership and the members are all liable for non-payment. If the partnership cannot pay the outstanding debts then the individual partners will become personally liable for any outstanding debt. Although under s.9 of the Partnership Act 1890 partnership debts are said to be joint, the Civil Liability Act 1978 provides that a judgement against one partner does not bar a subsequent action against the other partners. Once the debts owed to outsiders have been dealt with, then the internal financial relationships of the partners amongst themselves will be dealt with according to the partnership agreement.  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

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 statements is/are correct? (1) A statement of cash flows prepared using the direct method produces a different figure to net cash from operating activities from that produced if the indirect method is used (2) Rights issues of shares do not feature in a statement of cash flows (3) A surplus on revaluation of a non-current asset will not appear as an item in a statement of cash flows (4) A profit on the sale of a non-current asset will appear as an item under cash flows from investing activities in the statement of cash flows A 1 and 3 only  B 3 and 4 only  C 2 and 4 only D 3 only Answer: D 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） ACCA F1科目考试重点，必看！ 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. 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    

证人，那么至少向应聘企业或面试官透露了三个讯息：   第一，你很聪明，或者很有毅力。准备一个级别的考试至少要花费3-5个月时间，每天2-3个小时，通过全部三个级别考试至少要花两年半时间（CFA一级每年6月和12月各考一次，二级和三级仅在每年6月考一次），如果中间失手一次，全部通过的时间将会更长。当然，不管什么考试，总有那种考前一周突击就能高分通过的大牛，不过对大多数人而言，时间精力的投入是必须的。    第二， 你对金融理论知识有系统性掌握。CFA的创始人是大名鼎鼎的本杰明.格雷厄姆，他构建起的知识框架体系堪称经典，并且CFA的考纲内容一直与时俱进地进行调整，比如最近几年，量化的内容在增加，19年还要加入金融科技和人工智能方面的考点。    第三， 你要求上进。凡事考过CFA的人都知道，CFA的考试过程绝对是一次脱胎换骨的洗礼，你敢于开启CFA之路，就证明你愿意挣脱自己的舒适区，寻求挑战。 以上这些都会成为你找工作时候的加分项，给你的简历大大加分。   备考小建议    1）CFA是全英文考试，所以英文阅读能力也很重要哦！    2）大学本科生不允许报名level 2的，但是可以大学本科final year 考取level

Fred is a member of Glad Ltd, a small publishing company, holding 100 of its 500 shares; the other 400 shares are held by four other members. It has recently become apparent that Fred has set up a rival business to Glad Ltd and the other members have decided that he should be expelled from the company. To that end they propose to alter the articles of association to include a new power to ‘require any member to transfer their shares for fair value to the other members upon the passing of a resolution so to do’. Required: Advise the parties concerned whether or not the proposed change to the articles is legally enforceable and whether or not it can be used to force Fred to sell his shares. (10 marks) 【答案】 Section 21 of the Companies Act 2006 provides for the alteration of articles of association on the passing of a special resolution. However, at common law any such alteration has to be made ‘bona fide in the interest of the company as a whole’. This test involves a subjective element in that those deciding the alteration must actually believe they are acting in the interest of the company. There is additionally, however, an objective element requiring that any alteration has to be in the interest of the ‘individual hypothetical member’ (Greenhalgh v Arderne Cinemas Ltd (1951)). Whether any alteration meets this requirement depends on the facts of the particular case, but in Brown v British Abrasive Wheel Co Ltd (1919) an alteration to a company’s articles to allow the 98% majority to buy out the 2% minority shareholders was held to be invalid as not being in the interest of the company as a whole. This was in spite of the fact that the company needed additional capital and the majority shareholder was willing to provide that capital if they could gain total control of the company. In Dafen Tinplate Co Ltd v Llanelly Steel Co (1907) a minority shareholder was acting to the detriment of the company. Nonetheless, an alteration to the articles, to allow for the compulsory purchase of any member’s shares on request so to do, was also held to be too wide to be in the interest of the company as a whole. However, in Sidebottom v Kershaw Leese & Co (1920) an alteration to the articles to give the directors the power to require any shareholder, who entered into competition with the company, to sell their shares to nominees of the directors at a fair price was held to be valid. Applying the law to the facts in the problem scenario, it might seem that, as Fred is in direct competition with Glad Ltd, the alteration would be valid in line with the Sidebottom v Kershaw Leese & Co case, but it should be noted that the actual alteration to the articles goes much wider than is necessary to cover Fred’s situation as it extends to all members, whether or not they are in competition with the company. Consequently it is unlikely that the alteration would be validated by the court as being in the interest of the company as a whole on the basis of Dafen Tinplate Co Ltd v Llanelly Steel Co (1907).  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