ICAEW

ICAEW Questions: Chapter 9, Exam Review Questions and answers, rated A+ In a market-based financial system, the financial system will be characterised by: B comparatively less close relationships between banks and businesses than in a bank-based system 3 MULTIPLE CHOICE OPTIONS In the country of Zanadu, the population has a risk seeking attitude towards financial matters. Zanadu's financial system is likely to be: A a market-based system 3 MULTIPLE CHOICE OPTIONS Brainpower Read Mor...

ICAEW Q Bank. Exam Review Questions and answers, rated A+ Which of the following best explains what is meant by 'capital expenditure'? Capital expenditure is expenditure: A on non-current assets, including repairs and maintenance B on expensive items over £10,000 C on the acquisition of non-current assets, or improvement in their earning capacity D on items relating to owners' capital - -C Capital expenditure relates to the acquisition of, or improvement of the earning capacit...

ICAEW Assurance, Questions and answers, rated A+ Reasonable Assurance - -Positive opinion, intrusive, high audit risk as providing more definite opinion Limited Assurance - -Negative opinion, less intrusive low audit risk Required Assurance by Regulators - -Statutory audit, bank audits, pension scheme audits, charity audits, solicitor audits Voluntary Assurance - -Environmental audit, Due diligence, Internal audit, Fraud investigations, Internal control reports Companies Act 2006 re...

Management Information 2020 ICAEW, Questions and answers, rated A+ Equation for contribution per unit - -Sale price- (variable production costs+variable non-production costs) T or F: Profit = Total contribution - fixed cost - -true Total contribution equation - -Contribution per unit X units sold The receiving division is charged with the standard variable cost of transfers made and the supplying division is credited with the market value. Describes what pricing system? - -Dual pricing...

ICAEW – FM, Exam Review. Questions and answers, rated 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 Sensitivity to sales volume - -NPV/PV of net contribution (after tax) Interest Rate Parity - -...

ICAEW BST MAIN EXAM review Questions and answers, rated A+ The purpose of the Business Strategy & Technology paper - -There are several occasions when a Chartered Accountant may be asked to provide their advice or assess the strategic decisions made by an organisation. e.g. client meetings. board meetings. risk assessment. Strategy is - -the direction and scope of an organisation over the long term, which achieves advantage for the organisation through its configuration of resources wi...

ICAEW – FAR, Exam Review Questions and answers, rated A+ Associates - -significant influence but not control20% ownership power to participate in policy decision b ut not control over them limitations of FS - -Backward looking exclude non financial info highly standardised aggregated info purpose of conceptual framework - -develop future IFRS promote harmonisation national standard setting bodies assist preparers of FS assist auditors assist users of FS provide info about appr...

Audit and Assurance – ICAEW, Exam Review Questions and answers, graded A+ Going concern - company performance - justification of risk - -Company may not be able to continue as a going concern because of: - Company performance to date has been poor. - Forecasted revenue is X... and predicting to make a loss Going concern - expansion - justification of risk - -- Rapid expansion could be indicative of overtrading, resulting in cash flow problems - A new venture would cause further c...

Principles of TAX ICAEW, Exam Review Questions and answers, rated A+ What does the property value have to be above where there is additional rent? - -£75,000 How many years does the property have to be owned by the employer before given to the employee, for it to be valued at Market Value & not the orginal cost? - -MORE THAN 6 years What % does the use of assets have to be used for private use to be deemed as insignificant ? - - 40% For Car benefit, what is the maximum contribution the...

ICAEW Assurance, Exam Review Questions and answers, rated A+ Key elements of an assurance engagement - Three people / groups involved. - A subject matter. - Suitable Criteria Small companies are not required to have a statutory audit in the UK if... Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:00 / 0:00 Full screen Professional scepticism Maintaining an attitude that includes a questioning mind, being alert to conditions that may...