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ICAEW - ACA bundle
ICAEW - ACA bundle
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[Mostrar más]Books of Original Entry - Answer 1. Cash Book 
2. Sales Day Book (Credit Sales) 
3. Purchases Day Book (Credit Purchases) 
4. Petty Cash Book 
5. Journal Book 
6. The Payroll 
 
Statement of Financial Position - Answer SOFP 
- Snapshot of assets controlled, liabilities owned and capital at a poi...
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Añadir al carritoBooks of Original Entry - Answer 1. Cash Book 
2. Sales Day Book (Credit Sales) 
3. Purchases Day Book (Credit Purchases) 
4. Petty Cash Book 
5. Journal Book 
6. The Payroll 
 
Statement of Financial Position - Answer SOFP 
- Snapshot of assets controlled, liabilities owned and capital at a poi...
Accounting Rate of Return - Answer Average Profit/Average investment 
 
Internal Rate of Return - Answer a + NPVa/NPVa-NPVb x (b-a) 
 
Money cost of capital - Answer (1 + money coc) = (1 + real coc%) x (1 + inflation %) 
 
Equivalent annual cost (EAC) - Answer PV of 1 cycle/AF^n of cycle 
 
...
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Añadir al carritoAccounting Rate of Return - Answer Average Profit/Average investment 
 
Internal Rate of Return - Answer a + NPVa/NPVa-NPVb x (b-a) 
 
Money cost of capital - Answer (1 + money coc) = (1 + real coc%) x (1 + inflation %) 
 
Equivalent annual cost (EAC) - Answer PV of 1 cycle/AF^n of cycle 
 
...
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 
 
Voidabl...
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Añadir al carritoSimple 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 
 
Voidabl...
1x vendido
Porter's 5 forces model, what is the purpose and what are the elements? - Answer Analyses the competitive aspect of the task environment: 
 
- Bargaining power of suppliers 
- Threat of substitute products or services 
- Bargaining power of customers 
- Threat of new entrants 
- Rivalry among exi...
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Añadir al carritoPorter's 5 forces model, what is the purpose and what are the elements? - Answer Analyses the competitive aspect of the task environment: 
 
- Bargaining power of suppliers 
- Threat of substitute products or services 
- Bargaining power of customers 
- Threat of new entrants 
- Rivalry among exi...
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 ...
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Añadir al carritoReasonable 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 ...
Equation for contribution per unit - Answer Sale price- (variable production costs+variable non-production costs) 
 
T or F: Profit = Total contribution - fixed cost - Answer true 
 
Total contribution equation - Answer Contribution per unit X units sold 
 
The receiving division is charged wi...
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Añadir al carritoEquation for contribution per unit - Answer Sale price- (variable production costs+variable non-production costs) 
 
T or F: Profit = Total contribution - fixed cost - Answer true 
 
Total contribution equation - Answer Contribution per unit X units sold 
 
The receiving division is charged wi...
Going concern - company performance - justification of risk - Answer 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 - ...
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Añadir al carritoGoing concern - company performance - justification of risk - Answer 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 - ...
Organisational behaviour - Answer The study and understanding of individual and group behaviour in an organisational setting in order to help improve organisational performance and effectiveness (Mullins). 
 
The organisational iceberg - Answer Above the water line: Formal aspects (overt) 
Custo...
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Añadir al carritoOrganisational behaviour - Answer The study and understanding of individual and group behaviour in an organisational setting in order to help improve organisational performance and effectiveness (Mullins). 
 
The organisational iceberg - Answer Above the water line: Formal aspects (overt) 
Custo...
Fundamental principles ethics - Answer Integrity. Objectivity. Professional comeptence and due care. Confidentiality. Professional behaviour 
 
Threats to fundamental principles - Answer Self interest threat. Self review threat. Advocacy threat. Familiarilty threat. Intimidation threat. 
 
Types...
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Añadir al carritoFundamental principles ethics - Answer Integrity. Objectivity. Professional comeptence and due care. Confidentiality. Professional behaviour 
 
Threats to fundamental principles - Answer Self interest threat. Self review threat. Advocacy threat. Familiarilty threat. Intimidation threat. 
 
Types...
Associates - Answer significant influence but not control20% ownership 
power to participate in policy decision b ut not control over them 
 
limitations of FS - Answer Backward looking 
exclude non financial info 
highly standardised 
aggregated info 
 
purpose of conceptual framework - Answer ...
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Añadir al carritoAssociates - Answer significant influence but not control20% ownership 
power to participate in policy decision b ut not control over them 
 
limitations of FS - Answer Backward looking 
exclude non financial info 
highly standardised 
aggregated info 
 
purpose of conceptual framework - Answer ...
What is vat charged on - Answer The sale of taxable supplies by a taxable person 
 
What is a taxable person - Answer a sole trader, partnership, limited company, club or association making taxable supplies 
 
What is a taxable supply - Answer One one which output vat is chargeable and input v...
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Añadir al carritoWhat is vat charged on - Answer The sale of taxable supplies by a taxable person 
 
What is a taxable person - Answer a sole trader, partnership, limited company, club or association making taxable supplies 
 
What is a taxable supply - Answer One one which output vat is chargeable and input v...
What does the property value have to be above where there is additional rent? - Answer £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? - Answer MORE THAN 6 years 
 
What % does t...
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Añadir al carritoWhat does the property value have to be above where there is additional rent? - Answer £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? - Answer MORE THAN 6 years 
 
What % does t...
Real Time Information - Answer 
 
Real Time Information (RTI) - Answer Employers are required to inform HMRC about tax, NICs and other deductions every time a payment is made to an employee, rather than after the end of each tax year. 
 
Regressive taxes - Answer Rise as a proportion of incom...
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Añadir al carritoReal Time Information - Answer 
 
Real Time Information (RTI) - Answer Employers are required to inform HMRC about tax, NICs and other deductions every time a payment is made to an employee, rather than after the end of each tax year. 
 
Regressive taxes - Answer Rise as a proportion of incom...
The rate of return a company achieves on its projects must be - Answer sufficient for it to satisfy the required returns of its investors 
 
Who are the investors to satisfy - Answer Equity shareholders. Preference share holders. Debt holders 
 
Equity shareholders Return - Answer is in the fo...
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Añadir al carritoThe rate of return a company achieves on its projects must be - Answer sufficient for it to satisfy the required returns of its investors 
 
Who are the investors to satisfy - Answer Equity shareholders. Preference share holders. Debt holders 
 
Equity shareholders Return - Answer is in the fo...
What do financial statements provide information about - Answer Financial position, financial performance and cash flows. 
 
What are financial statements regulated by - Answer Accounting standards and local laws and regulations 
 
What does section 3 of frs 102 prescribe - Answer The basis fo...
Vista previa 2 fuera de 12 páginas
Añadir al carritoWhat do financial statements provide information about - Answer Financial position, financial performance and cash flows. 
 
What are financial statements regulated by - Answer Accounting standards and local laws and regulations 
 
What does section 3 of frs 102 prescribe - Answer The basis fo...
1. Your name - Answer Mason Tyler 
 
1. Who do you work for - Answer AB Chartered Accountants 
 
1. What does WWL sell - Answer Carpets (PP, 80:20 wool mix, 100% wool), Rugs and Bespoke Design Services 
 
1. Who do you report to - Answer Tian Haines, partner in business advisory unit 
 
2. W...
Vista previa 3 fuera de 20 páginas
Añadir al carrito1. Your name - Answer Mason Tyler 
 
1. Who do you work for - Answer AB Chartered Accountants 
 
1. What does WWL sell - Answer Carpets (PP, 80:20 wool mix, 100% wool), Rugs and Bespoke Design Services 
 
1. Who do you report to - Answer Tian Haines, partner in business advisory unit 
 
2. W...
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