ICAEW

ICAEW Audit and Assurance (EA&A) ACTUAL QUESTIONS AND CORRECT ANSWERS Assurance engagement - CORRECT ANSWERSpractitioner expresses conclusion to enhance degree of confidence of users other than responsible party of outcome of evaluation or measurement of subject matter against criteria Reasonable assurance - CORRECT ANSWERS- reasonable assurance - high level of assurance - positive opinion - FS provides true and fair view of company affairs Limited assurance - CORRECT ANSWERS- limi...

ICAEW – FM TEST QUESTIONS WITH VERIFIED ANSWERS [ GRADED A+] Accounting Rate of Return - Average Profit/Average investment Internal Rate of Return - a + NPVa/NPVa-NPVb x (b-a) Money cost of capital - (1 + money coc) = (1 + real coc%) x (1 + inflation %) Equivalent annual cost (EAC) - PV of 1 cycle/AF^n of cycle Profitability index (for divisible projects) - NPV/Investment in yr of rationing ©morren2024/2025.Year published 2024. Sensitivity to sales volume - NPV/PV of net contr...

ICAEW ACCOUNTING QUESTIONS WITH 100% CORRECT ANSWERS [ GUARANTEED A+] The objective of financial statements - To provide info that is useful to a range of stakeholders in helping them make decisions. This is by providing info on (1) their performance/position/cashflows, and (2) the effectiveness of management Two most important components of financial statements - Statement of Financial Position Statement of Profit or Loss ©morren2024/2025.Year published 2024. What is a Stat...

BST – ICAEW QUESTIONS WITH VERIFIED ANSWERS [ GRADED A+] Strategy - The direction and scope of an organisation over the long term which achieves advantage for the organisation The rational approach - Traditional, formal, top down Benefits of strategic planning - - Provides a framework - Encourages LT planning - Goal congruence - Considers the needs of stakeholders - Optimised use of resources ©morren2024/2025.Year published 2024. - Considers changes in business environment - M...

ICAEW – FAR QUIZ WITH 100% CORRECT ANSWERS [ GRADED A+] When does IAS 16 state PPE should be recognised? - When it is probable that future economic benefits will flow to the entity and the cost can be reliably measured. PPE should be measured at cost. What does IAS 16 state cost can include? - - purchase price including import duties and non-refundable purchase taxes after deducting trade discount/rebates. - directly attributable costs needed to bring asset to location and condit...

Looking to pass the ACA LAW Certificate exam? Look no further than these detailed notes covering the three sections of the exam: The Impact of Civil Law on Business and Professional Services, The Impact of Criminal Law on Business and Professional Services, and The Impact of Law in the Professional Context. In the first section, you'll find detailed notes on topics like company formation, shareholder influence, and directors' duties. The second section covers criminal law and includes notes...

BUSINESS PLANNING: BANKING - OPEN BOOK NOTES FOR ICAEW ACA EXAM These notes contain everything you would need to take with you on the Business Planning: Banking Exam including structured credit appraisals for all possible scenarios that might show up, regulatory requirements (Basel & IFRS), hedge accounting, audit and assurance notes and ethics. If you have these open book notes with you, you would need nothing more to pass the BPB exam.

Corporate Reporting Open Book Notes for ACA exam of ICAEW. Open Book Notes needed to take with you in the exam and pass the exam. No more notes are required to take with you. Everything is covered in these.