2022年ACCA-CAT考试历模拟考试题

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1、(b)WhatresearchtechniquescouIdMarkusetogetanaccurateassessmentofstaffattitudes

totheproposed

changes?(8marks)

正确答案：

(b)AstheterminternaImarketingimpIies,themethodsofascertainingstaffreactionsto

theproposedgrowthstrategyhavecIose

Iparallelswiththewaysyoufindoutaboutcustomerreactiontothecompanyoritsproducts.

Thebenefitsoftakinga

□structuredresearchapproachareconsiderableandoftenfirmsmaypreferthatattitudesurveys

arecarriedoutbyoutside

!IconsuitantsinordertoimproveobjectivityandtoremovesomeoftheproblemswithMark's

powerandposition.Aswith

lexternaImarketresearchyouareIookingtoseewhetherstaffwill'buyinto*theproposed

strategyandtheaccurate

□measurementofattitudesandconsequentbehaviourisveryimportant.

□CreatingtheframeworkforundertakingtheresearchinvoIvesdefiningtheissuetoberesearched

-inthiscasestaffattitudes

□towardsthegrowthstrategy,designingtheresearchmethods,includingtheuseofquestionnaires

andinterviews,determining

□thesampIeofstafftobeinvolved,theuseorotherwiseoffocusgroupsandwaysofensuring

thedatacollectedgivesan

□accuratepictureofstaffattitudes.ThedatageneratedmustbeanalysedandpresentedtoMark

inanappropriateway.How

□theinsightsintostaffattitudesaregainedthroughtheresearchisimportant,asisthe

communicationoftheresuItstothe

□staff.Markshouldbeawarethatsuchresearchwillinevitablycreateexpectationsamongstaff

andmanagingthose

□expectationswiIIbeatestofhisleadershippowers.

2、(b)RouterhasanumberoffilmstudiosandofficebuiIclings.TheofficebuiIdingsarein

prestigiousareaswhereas

thefiImstudiosareIocatedin'outoftown'locations.ThemanagementofRouterwishto

appIythe*revaIuation

mode11totheofficebuiIdingsandthe'costmode11tothefilmstudiosintheyearended

31May2007.Atpresent

bothtypesofbuiIdingsarevaluedusingthedevaluationmodeIJ.OneofthefiImstudios

hasbeenconvertedtoa

themepark.Inthiscaseonly,thelandandbuiIdingsontheparkareleasedonasinglelease

fromathirdparty.

Theleasetermwas30yearsin1990.TheleaseofthelandandbuiIdingswasclassifiedas

afinanceIeaseeven

thoughthefinancialstatementspurporttocompIywithIAS17'Leases'.

ThetermsoftheIeasewerechangedon31May2007.RouterisnowgoingtoterminatetheIease

earIyin2015

inexchangeforapaymentof$10miIIionon31May2007andareductioninthemonthIyIease

payments.

Routerintendstomovefromthesitein2015.Therevisedleasetermshavenotresultedin

achangeof

classificationoftheleaseinthefinancialstatementsofRouter.(10marks)

Required:

DiscusshowtheaboveitemsshouldbedealtwithinthegroupfinancialstatementsofRouter

fortheyearended

31May2007.

正确答案：

(b)IAS16'Property,PlantandEquipmentJpermitsassetstoberevaluedonaclassbyclass

basis.Thedifferentcharacteristics

□ofthebuiIdingsallowthemtobeclassifiedseparately.DifferentmeasurementmodeIscan,

therefore,beusedfortheoffice

□buiIdingsandthefiImstudios.However,IAS8'Accountingpolicies,changesinaccounting

estimatesanderrors'saysthat

□onceanentityhasdecidedonitsaccountingpolicies,itshouldapplythemconsistentlyfrom

periodtoperiodandacrossaII

□relevanttransactions.Anentitycanchangeitsaccountingpoliciesbutonlyinspecific

circumstances.Thesecircumstances

□are:

□(a)wherethereisanewaccountingstandardorinterpretationorchangestoanaccounting

standard

□(b)wherethechangeresultsinthefinancialstatementsprovidingreliableandmorerelevant

informationabouttheeffects

□oftransactions,othereventsorconditionsontheentity'sfinancialposition,financial

performance,orcashflows

□VoIuntarychangesinaccountingpoliciesarequiteuncommonbutmayoccurwhenanaccounting

policyisnoIonger

□appropriate.RouterwiIIhavetoensurethatthechangeinaccountingpoIicymeetsthecriteria

inIAS8.Additionally,

-IdepreciatedhistoricaIcostwiIIhavetobecaleuIatedforthefilmstudiosatthecommencement

oftheperiodandtheopening

□balanceontherevaluationreserveandanyotheraffectedcomponentofequityadjusted.The

comparativeamountsforeach

□priorperiodshouIdbepresentedasifthenewaccountingpolicyhadaIwaysbeenappIied.There

areIimitsonretrospective

□appIicationonthegroundsofimpracticabiIity.

□ItissurprisingthattheIeaseoftheIandisconsideredtobeafinanceleaseunderIAS17

'Leases'.Landisconsideredtohave

□anindefiniteIifeandshouId,thereforenormaIIybeclassifiedasanoperatingleaseunIess

ownershippassestotheIessee

□duringtheIeaseterm.TheIeaseoftheIandshouIdbeseparatedoutfromtheIeaseandtreated

individuaIIy.ThevaIueofthe

□landsodeterminedwouldbetakenoffthebalancesheetintermsoftheliabilityandasset

andtheleasepaymentstreated

□asrentaIsintheincomestatement.Apriorperiodadjustmentshouldalsobemade.ThebuiIdings

wouldcontinuetobe

Itreatedasproperty,plantandequipment(PPE)andthecarryingamountnotadjusted.However,

theremainingusefuIIifeof

□thebuiIdingshouIdberevisedtorefIecttheshorterIeaseterm.ThiswiIIresultinthecarrying

amountbeingdepreciatedover

□theshorterperiod.ThischangetothedepreciationpolicyisappIiedprospectiveIynot

retrospectiveIy.

□TheIeaseliabilitymustbeassessedforderecognitionunderIAS39'FinancialInstruments:

RecognitionandMeasurement,,

□becauseoftherevisionoftheleaseterms,inordertodeterminewhetherthenewtermsare

substantiallydifferentfromthe

□oId.Thepurposeofthisistodeterminewhetherthechangeintermsisamodificationoran

extinguishment.Thechange

□seemstoconstitutea'modification'becausethereisIittIechangetotheterms.Thelease

liabilityis,therefore,amendedby

□deductingtheoneoffpayment($10miIIion)fromthecarryingamount(afteradjustmentforthe

Ieaseofland)togetherwith

□anytransactioncosts.TheIeaseliabilityisthenremeasuredtothepresentvaIueoftherevised

futurecashflows,discounted

□usingtheoriginaleffectiveinterestrate.AnyadjustmentmadeinremeasuringtheIease

liabilitywillbetakentotheincome

□statement.

□

3、(a)ContrasttheroleofinternaIandexternaIauditors.(8marks)

(b)ConoyCodesignsandmanufacturesIuxurymotorvehicIes.ThecompanyempIoys2,500staff

andconsistentIymakesanetprofitofbetween10%and15%ofsales.ConoyCoisnotIisted;its

sharesareheldby15individuaIs,mostofthemfromthesamefamily.Themaximumshareholding

is15%ofthesharecapital.

TheexecutivedirectorsaredrawnmainlyfromthesharehoIders.Therearenonon-executive

directorsbecausethecompanylegislationinConoyCo'sjurisdictiondoesnotrequireany.The

executivedirectorsareverysuccessfuIinrunningConoyCo,partIyfromtheirtrainingin

productionandmanagementtechniques,andpartlyfromtheir'hands-on'approachproviding

motivationtoemployees.

Theboardareconsideringasignificantexpansionofthecompany.However,thecompany,s

bankersare

concernedwiththestandardoffinancialreportingasthefinanciaIdirector(FD)hasrecently

IeftConoyCo.TheboardaredeIayingprovisionofadditionaIfinanciaIinformationuntiIanew

FDisappointed.

ConoyCodoeshaveaninternaIauditdepartment,althoughthechiefinternaIauditorfrequentIy

commentsthattheboardofConoyCodonotunderstandhisreportsorprovidesufficientsupport

forhisdepartmentortheinternaIcontrolsystemswithinConoyCo.TheboardofConoyCoconcur

withthisview.AndersCo,theexternaIauditorshaveaIsoexpressedconcerninthisareaand

thefactthattheinternaIauditdepartmentfocusesworkoncontrolsystems,notfinancial

reporting.AndersCoareappointedbyandreporttotheboardofConoyCo.

TheboardofConoyCoareconsideringaproposaIfromthechiefinternaIauditortoestabIish

anauditcommittee.

ThecommitteewouIdconsistofoneexecutivedirector,thechiefinternaIauditorasweII

asthreenewappointees.

OneappointeewouIdhaveanon-executiveseatontheboardofdirectors.

Required:

DiscussthebenefitstoConoyCoofforminganauditcommittee.(12marks)

正确答案：

(a)RoIeofinternaIandexternaIauditors-differencesObjectivesThemainobjectiveofinternaIauditis

toimproveacompany,

soperations,primariIyintermsofvaIidatingtheefficiencyandeffectivenessoftheinternaIcontroIsys

temsofacompany.ThemainobjectiveoftheexternaIauditoristoexpressanopiniononthetruthandfairness

ofthefinanciaIstatements,andotherjurisdictionspecificrequirementssuchasconfirmingthatthefina

nciaIstatementscompIywiththereportingrequirementsincIudedinlegisIation.ReportingInternaIaudi

treportsarenormaIIyaddressedtotheboardofdirectors,orotherpeopIechargedwithgovernancesuchasth

eauditcommittee.ThosereportsarenotpubIiclyavailable,beingconfidentiaIbetweentheinternalaudit

orandtherecipient.ExternaIauditreportsareprovidedtothesharehoIdersofacompany.Thereportisatta

chedtotheannuaIfinanciaIstatementsofthecompanyandisthereforepubIicIyavaiIabIetothesharehoIde

rsandanyreaderofthefinanciaIstatements.ScopeofworkTheworkoftheinternaIauditornormaIIyreIates

totheoperationsoftheorganisation,includingthetransactionprocessingsystemsandthesystemstoprod

ucetheannuaIfinanciaIstatements.TheinternaIauditormayaIsoprovideotherreportstomanagement,sue

hasvaIueformoneyauditswhichexternaIauditorsrareIybecomeinvoIvedwith.TheworkoftheexternaIaudi

torreIatesonIytothefinanciaIstatementsoftheorganisation.However,theinternaIcontroISystemSoft

heorganisationwiIIbetestedastheseprovideevidenceonthecompIetenessandaccuracyofthefinanciaIst

atements.ReIationshipwithcompanyInmostorganisations,theinternaIauditorisanempIoyeeoftheorgan

isation,whichmayhaveanimpactontheauditor'

sindependence.However,insomeorganisationstheinternaIauditfunctionisoutsourced.TheexternaIaud

itorisappointedbythesharehoIdersofanorganisation,providingsomedegreeofindependencefromthecom

panyandmanagement.(b)BenefitsofauditcommitteeinConoyCoAssistancewithfinanciaIreporting(nofin

anceexpertise)TheexecutivedirectorsofConoyCodonotappeartohaveanyspecificfinanciaIskiIIs-ast

hefinanciaIdirectorhasrecentIyIeftthecompanyandhasnotyetbeenrepIaced.Thismaymeanthatfinancia

IreportinginConoyCoisIimitedorthattheothernon-financiaIdirectorsspendasignificantamountoftim

ekeepinguptodateonfinanciaIreportingissues.AnauditcommitteewiIIassistConoyCobyprovidingspeci

aIistknowIedgeoffinanciaIreportingonatemporarybasis-atIeastoneofthenewappointeesshouIdhaver

eIevantandrecentfinanciaIreportingexperienceundercodesofcorporategovernance.ThiswiIIaIIowthe

executivedirectorstofocusonrunningConoyCo.EnhanceinternaIcontroIsystemsTheboardofConoyCodono

tnecessariIyunderstandtheworkoftheinternalauditor,ortheneedforcontroIsystems.Thismeansthatin

ternaIcontroIwithinConoyComaybeinadequateorthatempIoyeesmaynotrecognisetheimportanceofintern

aIcontroIsystemswithinanorganisation.Theauditcommitteecanraiseawarenessoftheneedforgoodinter

naIcontroIsystemssimpIybybeingpresentinConoyCoandbyeducatingtheboardontheneedforsoundcontroI

s.ImprovingtheinternaIcontroI'cIimate'

wiIIensuretheneedforinternaIcontroIsisunderstoodandreducecontrolerrors.ReIianceonexternalaud

itorsConoyCo,

sinternaIauditorscurrentIyreporttotheboardofConoyCo.AspreviousIynoted,theIackoffinanciaIandc

ontroIexpertiseontheboardwiIImeanthatexternaIauditorreportsandadvicewiIInotnecessarilybeunde

rstood-andtheboardmayreIytoomuchonexternaIauditorsIfConoyCoreporttoanauditcommitteethiswiII

decreasethedependenceoftheboardontheexternaIauditors.Theauditcommitteecantaketimetounderstan

dtheexternaIauditor'

scomments,andthenviathenon-executivedirector,ensurethattheboardtakeactiononthosecomments.App

ointmentofexternaIauditorsAtpresent,theboardofConoyCoappointtheexternaIauditors.Thisraisesis

suesofindependenceastheboardmaybecometoofamiIiarwiththeexternaIauditorsandsoappointonthisfri

endshipratherthanmerit.IfanauditcommitteeisestabIished,thenthiscommitteecanrecommendtheappoi

ntmentoftheexternaIauditors.ThecommitteewiIIhavethetimeandexpertisetoreviewthequaIityofservi

ceprovidedbytheexternaIauditors,removingtheindependenceissue.Corporategovernancerequirements

-bestpracticeConoyCodonotneedtofoIIowcorporategovernancerequirements(thecompanyisnotIisted)

.However,notfoIIowingthoserequirementsmaystarttohaveadverseeffectsonConoy.ForexampIe,ConoyCo

sbankisaIreadyconcernedabouttheIackoftransparencyinreporting.EstabIishinganauditcommitteewiI

IshowthattheboardofConoyCoarecommittedtomaintainingappropriateinternaIsystemsinthecompanyand

providingthestandardofreportingexpectedbylargecompanies.ObtainingthenewbankIoanshouIdaIsobee

asierasthebankwiIIbesatisfiedwithfinanciaIreportingstandards.Givennonon-executives-independ

entadvicetoboardCurrentIyConoyCodoesnothaveanynon-executivedirectors.Thismeansthatthedecisio

nsoftheexecutivedirectorsarenotbeingchaIIengedbyotherdirectorsindependentofthecompanyandwith

IittIeornofinanciaIinterestinthecompany.Theappointmentofanauditcommitteewithonenon-executive

directorontheboardofConoyCowiIIstarttoprovidesomenon-executiveinputtoboardmeetings.WhiIenots

ufficientintermsofcorporategovernancerequirements(aboutequaInumbersofexecutiveandnon-executi

vedirectorsareexpected)itdoesshowtheboardofConoyCoareattemptingtoestabIishappropriategoverna

ncesystems.AdviceonriskmanagementFinaIIy,thereareothergeneraIareaswhereConoyCowouIdbenefitfr

omanauditcommittee.ForexampIe,IackofcorporategovernancestructuresprobabIymeansConoyCodoesnot

haveariskmanagementcommittee.TheauditcommitteecanaIsoprovideadviceonriskmanagement,heIpingto

decreasetheriskexposureofthecompany.

4、(ii)thestrategyofthebusinessregardingitstreasurypolicies.(3marks)

(MarkswiIIbeawardedinpart(b)fortheidentificationanddiscussionofreIevantpoints

andforthestyIe.ofthe

report.)

正确答案：

(ii)Strategyofthebusinessregardingitstreasurypolicies

□TreasurypoliciesarereviewedreguIarIybytheBoard.ItisgrouppolicytoaccountforalI

financialinstrumentsascash

□flowhedges.Asaresult,changesinthefairvaluesoffinancialinstrumentsaredeferredin

reservestotheextentthe

IIhedgeiseffectiveandreleasedtoprofitorlossinthetimeperiodsinwhichthehedgeditem

impactsprofitorloss.

ITheGroupcontractsfixedratecurrencyswapsandissuesfIoatingtofixedrateinterestrate

swapstomeettheobjective

□ofprotectingborrowingcosts.Thecashfloweffectsoftheinterestrateswapsmatchthecash

fIowsontheunderlying

□instrumentssothatthereisnonetcashfloweffectfrommovementsinmarketinterestrates.

Iftheinterestrateswaps

□hadnotbeentransactedtherecouIdhavebeenanincreaseintheannuaInetinterestpayabIe

totheGroup.ThestrategyI(b)ThefourquadrantsoftheBoston-growthsharematrixsummarise

expectedprofitsandresultantcashflowsandrecommends

□anoutIinestrategytofolIowwhichrathersimpIisticaIlymaybesummarisedasinvestinstars,

scrutinisetheproblemchiIdren,

□miIkthecowsanddivestthedogs.

□VaIueChainAnalysis

□ItisvitalthatthemanagementofSCOLtdundertakeavaIuechainanalysisofeachofits

divisionsinordertoidentifyand

□eIiminateaIInon-vaIueaddedactivities,therebyimprovingprofitabiIityandcashfIowwithout

necessarilyincreasingturnover

□ormarketshare.

□DivestmentoftheFootweardivision

□SeriousconsiderationshouIdbegiventothedivestmentoftheFootweardivision.Thiswill

enabIeresourcestoberedirected

□todivisionscategorisedasprobIemchiIdreni.e.theIndustriaIandChildren,sdivisions.

□SupporttheStars

□AsfarastheFashiondivisionisconcerned,itisobviouslyinagrowthmarketandcurrently

performingwell.Itisvital,given

□theforecastperformanceoftheothersubsidiariesthatthemanagementofSCOLtddonot

concentrateonthepoorperformers

□tothedetrimeritofitsonlystar.

6、(b)Calculatethetaxablebenefitin2005/06ifJanweretousetheaccommodationofferedby

hisempIoyer.You

mayassumethattheruIesforcalculatingbenefitsarethesameasin2004/05.(3marks)

正确答案：

(b)Benefit-accommodation

□IfJanacceptstheoffer,hewiIIoccupythebuiIdingforaperiodofeightmonthsinthetax

year2005/06(from6August2005

□-5ApriI2006).ThebenefitwiIIIastforsixmonths.

□ThetaxabIebenefitisthehigherof:

□(i)Therentbornebythecompany=600x6=3,600

IJ(ii)TheannuaI(rateable)vaIue=6,000x6/12=3,000

□i.e.£3,600.

I11naddition,asthepropertycostsinexcessof£75,000,anadditionalbenefitarises.The

excessissubjecttotheofficialrate

lofinterest,andiscalculatedasfoIIows:

□(155,000-75,000)x5%=4,000x6/12=2,000

□TotaItaxabIebenefitis£3,600+£2,000=£5,600.

□TutoriaInote:strictlyspeakingtheadditionalchargedoesnotapplyiftheexpensiveproperty

isrentedratherthanowned-

□thereforetheaboveanswer,whiIstthemostcommonIygivenisnottechnicallycorrect.Onemark

wasawardedifthe

□additionalbenefitcalculationwasperformedasshownaboveandanalternativeonemarkwas

awardediftheadditional

□benefitwasnotcalculatedforthecorrecttechnicalreason.

7\3AtarecentinternationaImeetingofbusinessleaders,SeamusO'Briensaidthat

multi-jurisdictionalattemptsto

regulatecorporategovernancewerefutiIebecauseofdifferencesinnationalculture.Hedrew

particuIarattentionto

theOrganisationforEconomicCo-operationandDevelopment(OECD)andInternationaICorporate

Governance

Network(ICGN)codes,sayingthattheywere,'sillyattemptstoharmonisepractice'.He

saidthatinsomecountries,

forexampIe,therewere'familyreasons5formakingthechairmanandchiefexecutivethe

sameperson.Inother

countries,hesaid,theseparationoftheseroIesseemedtowork.AnotherdeIegate,AlIiya

Yongvanich,saidthatthe

rolesofchiefexecutiveandchairmanshouIdalwaysbeseparatedbecauseofwhatshecalled

'accountabiIityto

shareholders’.

Onedelegate,VincentViola,saidthattherightapproachwastoalloweachcountrytoset

upitsowncorporate

governanceprovisions.Hesaidthatitwassuitableforsomecountriestoproduceandabide

bytheirown'very

structured'corporategovernanceprovisions,butinsomeotherpartsoftheworld,theIocaI

culturewastoallowwhat

hecaIIed,iIocaIinterpretationoftheruIesJ.HesaidthatsomeculturesvaIuedhighly

structuredgovernancesystems

whileothersdonotcareasmuch.

Required:

(a)Explaintherolesofthechairmanincorporategovernance.(5marks)

正确答案：

(a)Rolesofthechairmanincorporategovernance

IThechairmanistheleaderoftheboardofdirectorsinaprivateorpubIiccompanyalthough

otherorganisationsareoftenrun

；IonsimilargovernanceIines.Inthisrole,heorsheisresponsibleforensuringtheboard'

seffectivenessasaunit,intheservice

loftheshareholders.Thismeansagreeingand,ifnecessary,settingtheboard5sagendaand

ensuringthatboardmeetings

□takepIaceonaregularbasis.

□Thechairmanrepresentsthecompanytoinvestorsandotheroutsidestakeholders/constituents.

Heorsheisoftenthe

口‘publicface*oftheorganisation,especiallyiftheorganisationmustaccountforitself

inapubIicmanner.Linkedtothis,

□thechairman,srolesincIudecommunicationwithsharehoIders.Thisoccursinastatutorysense

intheannuaIreport

□(where,inmanyjurisdictions,thechairmanmustwritetosharehoIderseachyearintheform,

ofachairman*sstatement)

□andatannuaIandextraordinarygeneraImeetings.

□InternaIIy,thechairmanensuresthatdirectorsreceivereIevantinformationinadvanceofboard

meetingssothataII

□discussionsanddecisionsaremadebydirectorsfullyapprisedofthesituationunderdiscussion.

FinalIy,hisorherrole

□extendstoco-ordinatingthecontributionsofnon-executivedirectors(NEDs)andfaciIitating

goodreIationshipsbetween

□executiveandnon-executivedirectors.

8、(b)Calculatethecorporationtax(CT)liabilitiesforAlantechLtd,BoronLtdandBubbIeLtd

fortheyearending

31December2004ontheassumptionthatIossreIiefsaretakenasearIyaspossibIe.(9marks)

正确答案：

(b)ScheduleDCaseIcalculation

OThethreecompaniesform,agroupforbothgroupreIiefandcapitaIgainspurposesasaII

shareholdingspassthe75%

□ownershiptest.ThecaIcuIationofthecorporationtaxliabilitiesisasfoIIows:

NotesAlantechBoronBubble

£££

ScheduleDCaseI160.000075.000

Less：Lossesbroughtforward(1)0-(25,000)

160,000050,000

ScheduleDCaseIII10,000——

Chargeablegains50,00040,000

220,00040,00050.000

Less：Currentyearlosses—(13.333)—

Less：Grouprelief(2)(60,000)-(46.667)

Profitchargeabletocorporationtax160,00026.6673.333

Corporationtaxat309^19%/0%48,0005.0670

Less：Marginalrelief

(50