ICAEW/ACA Study guides, Class notes & Summaries

ICAEW - ACA - F.M. - Financing - cost of capital questions with correct answers

ACA [ICAEW] – ACCOUNTING EXAM QUESTIONS AND ANSWERS 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 point in time Statement of Profit and Loss - Answer- Income and expenses over a period of time The Business entity concept - Answer- Business transac...

Accounting - Answer-A way of recording, analysing and summarising transactions of an entity. Statement of Profit and Loss - Answer-It reflects the performance of a business over a period of time. Statement of Financial Position - Answer-It reflects the position of a business at a point in time. Users of Accounting - Answer-Any organisation/business/individual who needs to keep track of their income, expenses, assets and liabilities. Types of Business Entity - Answer-• Sole trader • Par...

ACA [ICAEW] - ACCOUNTING EXAM ANSWERED CORRECTLY!!

ICAEW ACA Accounting Question and answers correctly solved 2024 Accounting - correct answer A way of recording, analyzing and summarizing transactions of an entity. Statement of Profit and Loss - correct answer It reflects the performance of a business over a period of time. Statement of Financial Position - correct answer It reflects the position of a business at a point in time. Users of Accounting - correct answer Any organization/business/individual who needs to keep track of th...

ICAEW - ACA - BPT - Schemes for investment by individuals What are venture capital trusts, enterprise investment schemes and seed enterprise investment schemes - correct answer Tax reducers deducted from the tax calculated to give income tax liability Who can invest in a venture capital trust - qualifying individual - correct answer Individual over 18 subscribing for newly issued shares What must be invested in for a venture capital trust - qualifying company - correct answer Company o...

ICAEW ACA Accounting Exam Questions And Answers (Verified And Updated) Accounting - answerA way of recording, analysing and summarising transactions of an entity. Statement of Profit and Loss - answerIt reflects the performance of a business over a period of time. Statement of Financial Position - answerIt reflects the position of a business at a point in time. Users of Accounting - answerAny organisation/business/individual who needs to keep track of their income, expenses, assets and ...

ICAEW ACA Assurance Certificate Level Questions And Answers (Verified And Updated) What is the mnemonic for the 5 key elements of assurance engagements? - answerCREST What does CREST stand for? - answerCriteria, Report, Evidence, Subject Matter, Three Party Relationship How many levels of assurance are there? - answer2 What are the characteristics of a reasonable assurance? - answerMore detailed evidence, only used for statutory audits, gives a true and fair view, positive expression Wh...

Written by an ICAEW ACA Qualified chartered accountant working as a senior associate at PwC. I took this exam in June 2021 (and was written then). I have focused on FM hedging (question 3 of the FM exam). I personally found this is the hardest so this is a 'one stop' for question 3. It includes the advantages and disadvantages (which is frequently examined), when to use each hedging method and the technique/method to using them all. There are also numerous other topics which are frequently exa...