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Acca f1' Mocks

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652 views52 pages

Acca f1' Mocks

Uploaded by

Nauman Saeed
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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ACCA-F1| Accountant in Bu ess Mock Exams The objectives of which of the following bodies include the establishment of high quality professional standards in financial reporting and the promotion of convergence of these standards across frontiers? © IFAC © asc © \AsB © ICSA Clear “site| (emarts) Which of the following may indicate an increased risk of fraud in an organisation? (1) High staff turnover (2) Disgruntled unhappy staff (3) Culture of non-compliance with policies and regulations (4) Authoritarian senior management © 2,3and4 © 41,2and3 © 4,2and4 © 4,3and4 Submit | (2 marks) ACCA-F1| Accountant in Bu ess Mock Exams macro-economics the study of? The economy as a whale © The local and regional economy © The organisation as-a whole The individual elements that make up the economy ‘Submit (2 marks) Which TWO production- accounting department? lated functions should be performed by the [Calculating production cast variances Preparing a purchases and wages budget Estimating production quantities [Making decisions as to which praducts to make io Submit (2marks) ‘What is the MAIN purpose of financial statements? © To communicate information between directors and managers © To inform employees about company progress. [1 To report information to stakeholders Sub ACCA-F1| Accountant in Bu ess Mock Exams ‘One model of organisational culture defines four basic types, namely power, role, task and existential (or person) cultures Which writer proposed this model? © Hofstede © Schein © Handy Tuckman, clear Suit (2marks) Which of the following is an advantage of a just-in-time (JIT) purchasing strategy? (1) Bottlenecks in supphyare avoided (2) Delivery frequency is reduced (3) Inventory holding costs are minimised 1,2and3 and 2 only © donty © Vand 3 only Clear Subrrit (marks) ia akin lgipotcom [ACAPE | Modk am

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