ACCA Diploma in Accounting and Busines
It may help you to get around 60- 65 % in your FIP
Q1 What do you understand by acting in the public interest?
Answer
If someone is acting in the public interest, they are making decisions and acting in a way that
benefits the community as a whole whether or not it benefits them personally. In a perfect world,
all elected officials would act in this manner.
Q2
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Answer
A,B,G,H
Q 3 What do you understand by money laundering?
It is the practice of disguising the origins of illegally obtained money. So it it the process by which
The proceeds of crime are made to appear legitimate. Money involved can be generated by criminal
acts.
Q4
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Answers
B,C,E
Q5 What do you understand by the term insider-trading?
It is illegal when the material information is still non-public trading while having special knowledge
is unfair to other investors who don't have access to such knowledge. Illegal insider trading
therefore includes tipping others when you have any sort of non-public.
Answer 3
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Answer 4
Answer 5
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Why are professional ethics important?
Professional ethics has become more important over the years. As we become more
specialized in our occupation, the issues become that much more complex and hard.
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Answer E
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Answers C,D
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Answer A
What do you understand by threats to fundamental principles of ethical behaviour?
a threat to the fundmental principles for an accountant is where,the professional may have
problems in being honest, being unbiased, being confidential and maintain professional
standards or behaviour.
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Answer A,E
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Answer A,C,D
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Answer B,D
What do you understand by the term personal effectiveness?
This means "how well do you get things done. It is hard to be effective if we aren't
confident. This means achieving our goals efficiently, like investment, getting the best
possible return.
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Answer Right order
1,4,5,3,2
Outline the main benefit of a spreadsheet package to an accountant at work.
it let the accountant to work flexible, management would be able to produce flex budget ,
calculation can be made very easily , commands and function are very useful at work place
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Answer
Down there
1 Spread sheet
2 Telephone
3 Interview http://www.xitclub.com
4 E mail
5 Intranet
6 meting
7 Report
8 Letter
How do personal values differ from professional ethics?
Different objectives. Professional ethics are how the industry, any professional industry, should
operate. Personal ethics are how we ourselves should operate, not only in relation to the
professional world but in our own personal, and social, spaces
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Answer 2,6,4,3,5,1
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