2022年ACCA-CAT考试历模拟考试题.docx

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1、2022年ACCA/CAT考试历模拟考试题精选姓名:年级:学号:题型选择题填空题解答题判断题计算题附加题总分得分评卷人得分1、(b) What research techniques couId Mark use to get an accurate assessment of staff attitudes to the proposedchanges? (8 marks)正确答案:(b) As the term i nternaI market i ng imp I ies, the methods of ascerta i n i ng staff react i ons to the

2、proposed growth strategy have closeIparallels with the ways you find out about customer reaction to the company or its products. The benefits of taking aj structured research approach are considerable and often f i rms may prefer that attitude surveys are carr i ed out by outs i deconsultants i n or

3、der to improve ob ject i v i ty and to remove some of the prob Iems with Mark1 s power and position. As withlexternaI market research you are Iooking to see whether staff wi I I buy into the proposed strategy and the accuratemeasurement of attitudes and consequent behaviour is very important.Creatin

4、g the framework for undertaking the research involves defining the issue to be researched - in this case staff attitudestowards the growth strategy, des i gn i ng the research methods, including the use of quest i onna i res and interviews, determiningthe samp I e of staff to be i nvol ved, the use

5、or otherwise of focus groups and ways of ensur i ng the data co I Iected gives anaccurate p i cture of staff att i tudes. The data generated must be ana I ysed and presented to Mark i n an appropr i ate way. Howthe i ns i ghts i nto staff att i tudes are ga i ned through the research i s i mportant,

6、 as i s the commun i cat i on of the resuIts to theQstaff. Mark shou I d be aware that such research wi I I i nev i tab I y create expectat i ons among staff and manag i ng those expectations wiI I be a test of his leadership powers.2、(b) Router has a number of fiIm studios and off ice bui Idings. T

7、he off ice buiIdings are in prest i gi ous areas whereasthe f i Im studios are Iocated in out of town locations. The management of Router wish to apply the revaIuationmode I to the office bu i Id i ngs and the cost model to the film stud i os i n the year ended 31 May 2007. At presentboth types of b

8、u i I d i ngs are va I ued us i ng the reva I uat i on mode I . One of the film stud i os has been converted to atheme park. I n th i s case on I y, the I and and bu i I d i ngs on the park are I eased on a single I ease from a thi rd party.The lease term was 30 years i n 1990. The lease of the land

9、 and bu i I d i ngs was c I ass i f i ed as a f i nance I ease eventhough the financial statements purport to comp Iy with IAS 17 Leases,.The terms of the I ease were changed on 31 May 2007. Router i s now going to terminate the lease early in 2015i n exchange for a payment of $10 mi I I ion on 31 M

10、ay 2007 and a reduct i on i n the month Iy lease payments.Router i ntends to move from the site i n 2015. The rev i sed I ease terms have not resulted i n a change ofclassification of the I ease i n the f i nanc i a I statements of Router. (10 marks)Requ i red:D i scuss how the above i terns shouId

11、be dealt with i n the group f i nanc i a I statements of Router for the year ended31 May 2007.正确答案:(b) IAS16 Property, Plant and Equipment permits assets to be revalued on a class by class bas i s. The d i fferent character i st ics of the buiIdi ngs allow them to be classified separately. Different

12、 measurement mode Is can, therefore, be used for the officebuildings and the film studios. However, IAS8 Accounting poIicies, changes in accounting estimates and errors says thatonce an entity has dec i ded on its account i ng policies, it shouId appIy them cons i stent Iy from period to per iod and

13、 across a I IOre Ievant transact ions. An ent i ty can change i ts account i ng polic ies but on Iy i n specif icc i rcumstances. These c i rcumstancesare: (a) where there i s a new account i ng standard or i nterpretat i on or changes to an account i ng standard (b) where the change resuIts i n the

14、 f i nanc i a I statements prov i d i ng re Ii abIe and more re Ievant i nformat i on about the effects_I of transact i ons, other events or cond i t i ons on the ent i ty s f i nanc i a I pos i t i on, f i nanc i a I performance, or cash flowsVoIuntary changes in accounting policies are quite uncom

15、mon but may occur when an accounting policy is no longerHappropr iate. Router wi I I have to ensure that the change i n account i ng pol icy meets the cr iter ia in IAS8. Additionally,Ideprec i ated h i stor i ca I cost wi I I have to be ca leu I ated for the f i Im stud i os at the commencement of

16、the per i od and the open i ngba lance on the revaIuat ion reserve and any other affected component of equi ty adjusted. The comparat i ve amounts for eachprior per i od shou I d be presented as i f the new account i ng po I i cy had a I ways been app I i ed. There are Iimits on retrospectiveapp I i

17、 cat i on on the grounds of impract icabi I ity. It i s surpr i s i ng that the lease of the land i s considered to be a finance lease under IAS17 Leases . Land i s cons i dered to havean indefinite Ii fe and should, therefore norma I Iy be classified as an operat i ng lease unless ownersh i p passe

18、s to the Iesseedur ing the lease term. The I ease of the land should be separated out from the lease and treated i nd i vidua I Iy. The vaIue of the11 and so determined wouId be taken off the ba Iance sheet i n terms of the liability and asset and the lease payments treatedlas rentals i n the income

19、 statement. A pr i or per i od adjustment shou I d a I so be made. The bu i I d i ngs would continue to beItreated as property, pI ant and equ i pment (PPE) and the carry i ng amount not ad justed. However, the remaining usefuI Iife ofthe bui Id ing shou I d be rev i sed to ref I ect the shorter I e

20、ase term. Th i s wi I I result i n the carry i ng amount be i ng deprec i ated overIthe shorter per iod. Thi s change to the depreciat ion policy i s appIied prospect i vely not retrospect i veIy.The I ease liability must be assessed for derecogn it i on under IAS39 Fi nanc i a I Instruments: Recogn

21、ition and Measurement,ZUbecause of the rev i s i on of the I ease terms, i n order to determi ne whether the new terms are substant i a I Iy d i fferent from theId. The purpose of this is to determine whether the change in terms is a modification or an ext i ngu i shment. The change seems to const i

22、 tute a mod i f i cat i on because there i s Ii ttIe change to the terms. The I ease liability i s, therefore, amended bydeducting the one off payment ($10 mi I I ion) from the carrying amount (after adjustment for the lease of land) together withZlany transact i on costs. The I ease liability i s t

23、hen remeasured to the present va I ue of the rev i sed future cash fIows, d i scounted us i ng the original effect i ve i nterest rate. Any adjustment made i n remeasur i ng the I ease liability will be taken to the i ncome statement.3、(a) Contrast the role of i nternaI and externa I aud i tors. (8

24、marks)(b) Conoy Co designs and manufactures Iuxury motor vehicIes. The company employs 2, 500 staff and cons i stent I y makes a net profit of between 10% and 15% of sales. Conoy Co i s not I i sted; its shares are held by 15 individuaIs, most of them from the same fami ly. The maximum shareholding

25、i s 15% of the share capitaI.The execut i ve d i rectors are drawn mainly from the sharehoIders. There are no non-execut i ve d i rectors because the company legislation i n Conoy Co* s jur i sd i ct i on does not requ i re any. The execut i ve d i rectors are very successfuI i n runn i ng Conoy Co,

26、 part Iy from the i r tra i n i ng i n product i on and management techn i ques, and part Iy from the i r hands-on approach prov i d i ng mot i vat i on to empIoyees.The board are consider i ng a significant expansion of the company. However, the company s bankers areconcerned with the standard of f

27、inancial report i ng as the f i nanc i a I d i rector (FD) has recently left Conoy Co. The board are delaying provision of add i t i onaI fi nanc i a I i nformat ion unt iI a new FD is appointed.Conoy Co does have an i nterna I aud i t department, a I though the ch i ef i nterna I auditor frequently

28、 comments that the board of Conoy Co do not understand his reports or provide sufficient support for h i s department or the i nternaI controI systems within Conoy Co. The board of Conoy Co concur with th i s view. Anders Co, the externa I auditors have a I so expressed concern i n th i s area and t

29、he fact that the internaI audit department focuses work on controI systems, not financial reporting. Anders Co are appointed by and report to the board of Conoy Co.The board of Conoy Co are cons i der i ng a proposa I from the ch i ef i nterna I auditor to estab I i sh an audit committee.The committ

30、ee wouId cons i st of one execut i ve d i rector, the ch i ef i nternaI aud i tor as we I I as three new appointees.One appointee would have a non-executive seat on the board of directors.Requ i red:Discuss the benefits to Conoy Co of forming an audit committee. (12 marks) 正确答案:(a)Ro Ieof i nternaIa

31、ndexternaIaud i tors - d i fferencesObject i vesThema i nobject i veof i nternaIaud i t i s to improveacompanysoperat i ons, pr imar i Iy i ntermsofvaIi dat i ngtheeff i c i encyandeffect i venessofthe i nternaIcontroIsys temsofacompany. Thema i nobject i veoftheexternaIaud i tor i stoexpressanop i

32、n i ononthetruthandfa i rness ofthef i nanc i a I statements, andotherjur isdictionspec ificrequ i rementssuchasconf i rmi ngthatthef i na nc i a IstatementscompIywiththereport i ngrequi rernents i ncIuded i nlegi sI at ion. Report i ng InternaIaud i treportsarenormaI Iyaddressedtotheboardofd i rect

33、ors, orotherpeopIechargedw i thgovernancesuchasth eaud i tcommi ttee. ThosereportsarenotpubIi cIyava iIabIe, be i ngconf i dent i a Ibetweenthe i nternaIaud i t orandtherec i p i ent. Externa Iaud i treportsareprov i dedtothesharehoIdersofacompany. Thereport i satta chedtotheannuaIf i nanc i a Istat

34、ementsofthecompanyand i sthereforepubIi cIyava iIabIetothesharehoI de rsandanyreaderofthef i nanci a I statements. ScopeofworkTheworkofthei nternaIaud i tornormaI lyre Iates totheoperat i onsoftheorgan i sat i on, i ncIud i ngthetransact i onprocess i ngsystemsandthesystemstoprod ucetheannuaIf i nan

35、c i a I statements. The i nternaIaud i tormayaIsoprov i deotherreportstomanagement, sue hasvaIueformoneyaud i tswhichexternaIaud i torsrareIybecomeinvoIvedwith. TheworkoftheexternaIaud i tor re IatesonIytothef i nanc i a Istatementsoftheorgan i sat i on. However, the i nternaIcontroI SystemSoft heor

36、gan i sat i onwiI Ibetestedastheseprov ideev i denceonthecompIetenessandaccuracyofthef inanci a I st atements. Re I at i onsh i pwi thcompanyInmostorgan i sat i ons, the i nternaIaud i tor i sanempIoyeeoftheorgan i sat i on, whi chmayhavean impactontheaud i tors i ndependence. However, i nsomeorgan

37、i sat ionsthe i nternaIaud itfunct ion i soutsourced. TheexternaIaud i tor i sappoi ntedbythesharehoIdersofanorgan i sat i on, prov i d i ngsomedegreeof i ndependencefromthecom panyandmanagement. (b)Benef i tsofaud i tcomm i ttee i nConoyCoAss i stancew i thf i nanc i a I report i ng(nof i n anceexp

38、ert i se)Theexecut i ved i rectorsofConoyCodonotappeartohaveanyspec i f i cf i nanc i a Isk iI Is ast hef i nanc i a Id i rectorhasrecentIyIeftthecompanyandhasnotyetbeenrepIaced. Th i smaymeanthatf i nanc i a I report ingi nConoyCoi sIimi tedorthattheothernon-f i nanci a Idi rectorsspendas ignifican

39、tamountoft im ekeep i nguptodateonf i nanc i a I report i ngi ssues. Anaud i tcommi tteewiI I ass i stConoyCobyprov id i ngspec i a Ii stknowIedgeoffi nanc ia I report i ngonatemporarybas i s - at Ieastoneofthenewappoi nteesshouIdhaver eIevantandrecentfi nanc i a I report i ngexper i enceundercodeso

40、fcorporategovernance. Th i swiI I a I Iowthe execut i ved i rectorstofocusonrunn i ngConoyCo. Enhance i nternaIcontroIsystemsTheboardofConoyCodono tnecessar iIyunderstandtheworkofthe i nternaIaud itor, ortheneedforcontroI systems.Thi smeansthat i n ternaIcontroIwithinConoyComaybe i nadequateorthatem

41、pIoyeesmaynot recogn i sethe importanceof i ntern a IcontroIsystemswith i nanorgani sat i on. Theaud i tcommi tteecanra i seawarenessoftheneedforgoodi nter naIcontroIsystemss impIybybe i ngpresent i nConoyCoandbyeducat i ngtheboardontheneedforsoundcontroI s. ImprovingtheinternaIcontroI climatewi I I

42、ensuretheneedfor i nternaIcontroIs i sunderstoodandreducecontrolerrors. Re Ii anceonexternaIaud itorsConoyCos i nternaIaud i torscurrent IyreporttotheboardofConoyCo. Asprev i ousIynoted, the Iackoff i nanc i a Iandc ontroI expertiseontheboardwiI ImeanthatexternalauditorreportsandadvicewiI Inotnecess

43、arilybeunde rstood - andtheboardmayreIytoomuchonexternaIaud i tors IfConoyCoreporttoanaud i tcommi tteeth i swi I I decreasethedependenceoftheboardontheexternaIaud itors. Theaud itcommitteecantaket imetounderstan dtheexternaIaud itorscomments,andthenv i athenon-execut i ved i rector, ensurethatthebo

44、ardtakeact i ononthosecomments. App o i ntmentofexternaIaud i torsAtpresent, theboardofConoyCoappoi nttheexternaIaud i tors. Th i sra i ses i s suesof i ndependenceastheboardmaybecometoofami Iiarwi ththeexternaIaud i torsandsoappo i ntonth i sfr i endsh i pratherthanmer i t. Ifanaud i tcomm i ttee i

45、 sestabIi shed, thenth i scomm i tteecanrecommendtheappo i ntmentoftheexternaIaud itors. Thecommi tteewi I Ihavethet imeandexpert i setorev i ewthequaIityofservi ceprov i dedbytheexternaIaud i tors, remov i ngthe i ndependence i ssue. Corporategovernancerequ i rements -bestpract i ceConoyCodonotneed

46、tofoI Iowcorporategovernancerequ i rements(thecompany i snot Ii sted) .However, notfI Iowi ngthoserequ i rementsmaystarttohaveadverseeffectsonConoy. Forexamp Ie, ConoyCosbank i saIreadyconcernedabouttheIackoftransparency i nreport i ng. Estab Ii sh i nganaud itcommi tteew i I IshowthattheboardofCono

47、yCoarecommi ttedtoma i nta i n i ngappropr i ate i nternaI systems i nthecompanyand prov i d i ngthestandardofreport i ngexpectedbyIargecompan i es. Obta i n i ngthenewbankIoanshouI da Isobee as ierasthebankwiI Ibesat i sf i edwithf i nanc i a I report i ngstandards. Gi vennonon-execut i ves - i nde

48、pend entadv icetoboardCur rent IyConoyCodoesnothaveanynon-execut i ved i rectors. Th i smeansthatthedec i s i o nsoftheexecut i vedi rectorsarenotbeingchaI Iengedbyotherdi rectorsindependentofthecompanyandwi th Ii ttIeornof i nanc i a Ii nterest i nthecompany. Theappo i ntmentofanaud itcommitteewi t

49、honenon-execut i ve d i rectorontheboardofConoyCowiI Istarttoprov i desomenon-execut i ve i nputtoboardmeet i ngs. Wh i Ienots uff ic ient intermsofcorporategovernancerequi rements(aboutequaInumbersofexecut i veandnon-execut i ved i rectorsareexpected) itdoesshowtheboardofConoyCoareattempt i ngtoestabIi shappropr i ategovern