Icaew Study guides, Revision notes & Summaries
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ICAEW Law question n answers 100%
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ICAEW LawFeatures of criminal law - correct answer 1) State disapproves the conduct 
2) Purpose - enforcement of particular forms of behavior 
3) Case brought by the State 
4) Burden of proof: on prosecution 
5) Standard of proof: high standards 
6) Object: to regulate society by the threat of punishment 
7) Penalties: Fine or imprisonment 
 
Features of civil law - correct answer 1) Private law 
2) Purpose - to resolve individual disputes 
3) Case brought by claimant 
4) Burden of proof on cl...
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ICAEW ACA Law Actual Real Tested Questions And Correct Answers 100%
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ICAEW ACA Law Actual Real 
Tested Questions And Correct 
Answers 100% 
What is the difference between civil law and criminal law? 
ANSWER : civil law: claimant and defendant 
criminal law : prosecution and accused 
True or false: the party brining a civil case to court is 
known as the prosecution 
ANSWER : false 
What is the party in court who is charged with a criminal 
offence known as? 
ANSWER : the defendant 
To what contract would the UN Convention on Contracts 
for the International ...
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ICAEW ACA Law questions & answers graded A+
- Exam (elaborations) • 23 pages • 2024
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ICAEW ACA LawWhat is the difference between civil law and criminal law? 
civil law: claimant and defendant 
criminal law: prosecution and accused 
 
 
true or false: the party brining a civil case to court is known as the prosecution 
false 
 
 
what is the party in court who is charged with a criminal offence known as? 
the defendant 
 
 
To what contract would the UN Convention on Contracts for the International Sale of Goods (UNCISG) apply? 
the sale of commercial vans from a manufacturer in ...
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ICAEW Law(question n answers)graded A+
- Exam (elaborations) • 27 pages • 2024
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ICAEW LawWhat does void mean and when are contracts void? 
That there is no valid contract and goods should be returned; 
- Illegality (must not be illegal or against public policy) 
 
 
What does voidable mean and when are contracts voidable? 
The contract can be ignored by the 'injured' party; 
- Lack of capacity (due to age or sound of mind) 
- Lack of free will (duress or undue influence) 
- Misrepresentation (incorrect facts that made the contract happen) 
 
 
Which agreements must be evi...
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Icaew law chapter 7 Fully solved rated A+
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Icaew law chapter 7Share - correct answer A member’s stake in a company's share capital 
 
Name the two most common types of shares - correct answer Preference shares and ordinary shares 
 
Describe a share - correct answer A transferable form of personal property, carrying rights and obligations, by which the interest of a member of a company limited by shares is measured. 
 
Shareholder - correct answer A member of a company who holds one or more shares 
 
Define redeemable share - cor...
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ICAEW Law questions with correct answers
- Exam (elaborations) • 63 pages • 2023
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Simple contract - Answer One that doesn't need to be in writing 
 
Contracts that must be in writing - Answer Bills of exchange 
Regulated Consumer Credit Arrangements 
Transfers of land (speciality contracts) 
Guarantees 
 
Void - Answer = No contract at all 
e.g. Illegal contract 
 
Voidable - Answer = Can be set aside 
e.g. 
Lack of capacity 
Lack of free will 
Contract made due to misrepresentation 
 
Unenforceable - Answer = Valid contract but cannot be enforced 
e.g. Contract ...
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ICAEW ACA Accounting Questions and Answers Rated A+
- Exam (elaborations) • 16 pages • 2024
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ICAEW ACA Accounting Questions and 
 
Answers Rated A+ 
 
Accounting A way of recording, analysing and summarising transactions of an entity. 
 
Statement of Profit and Loss It reflects the performance of a business over a period of time. 
 
Statement of Financial Position It reflects the position of a business at a point in time. 
 
Users of Accounting Any organisation/business/individual who needs to keep track of their 
income, expenses, assets and liabilities. 
 
Types of Business Entity •...
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ICAEW - BTF - Chapter 1 - Intro to Business CORRECTLY ANSWERED GRADED A+
- Exam (elaborations) • 15 pages • 2024
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ICAEW - BTF - Chapter 1 - Intro to BusinessWhat is an organization? - correct answer A social arrangement for the controlled performance of collective goals, which has a boundary separating it from its environment. 
 
Explain what is meant by 'social arrangement' - correct answer Individuals gathered together for a purpose 
 
Explain what is meant by 'controlled performance' - correct answer Performance is monitored against the goals and adjusted if necessary to ensure the goals are accom...
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ICAEW Assurance questions with correct answers
- Exam (elaborations) • 19 pages • 2023
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Reasonable Assurance - Answer Positive opinion, intrusive, high audit risk as providing more definite opinion 
 
Limited Assurance - Answer Negative opinion, less intrusive low audit risk 
 
Required Assurance by Regulators - Answer Statutory audit, bank audits, pension scheme audits, charity audits, solicitor audits 
 
Voluntary Assurance - Answer Environmental audit, Due diligence, Internal audit, Fraud investigations, Internal control reports 
 
Companies Act 2006 requires auditors be...
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Dr/Cr - ICAEW ACA Accounting correctly answered rated A+
- Exam (elaborations) • 10 pages • 2024
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Dr/Cr - ICAEW ACA Accounting(Generic) Cash paid during the year in expense ledger - correct answer "Dr Expense 
Cr Cash 
 
" 
(Generic) Cash paid received the year in income ledger - correct answer "Dr Cash 
Cr Income 
 
" 
Calculate whether a closing accrual is required - correct answer "Dr Expense 
Cr Accruals 
 
" 
Calculate whether a closing accrued income adjustment is required - correct answer "Dr Accrued income 
Cr Income 
 
" 
Calculate whether a closing prepayment is requ...
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