DO NOT TURN OVER UNTIL TOLD TO BEGIN
|
|
- Cecil Gordon
- 6 years ago
- Views:
Transcription
1 THIS PAPER IS NOT TO BE REMOVED FROM THE EXAMINATION HALLS University of London BSc Examination 2012 BA1020 (BBA0020) Business Administration Accounting for Management Day, May 2012: Time DO NOT TURN OVER UNTIL TOLD TO BEGIN Time allowed: THREE hours All questions carry equal marks You are expected to answer FOUR questions in total You must answer one question from section A You must answer one question from section B You must then answer two further questions from either section A or B Please start each answer to each question on a separate page Electronic calculators may be used. These should be of a hand-held nonprogrammable (where relevant) type and the name and model should be stated CLEARLY on the front of your answer book. PLEASE TURN OVER University of London 2012 UL12/ Page 1 of 9
2 SECTION A Answer One (1) Question from Section A Question 1 Below is the trial balance of Westbury Services Ltd, year ending 31 st May 2012 : Dr Cr Sales Purchases Stock (01/06/11) Salaries Electricity Insurance Returns Out Returns In Bad Debts Bank Discounts Allowed Discounts Received Provision for Doubtful Debtors Debenture Interest Interim Dividend % Debenture Investment Income Fixed Assets at costs : Motor Vehicles Fixtures and Fittings Plant and Machinery Provision for Depreciation (01/06/11) : Motor Vehicles Fixtures and fittings Plant and Machinery Creditors Debtors Profit and Loss Account (31/05/11) (7 600) Capital Page 2 of 9
3 Additional Notes : i) Stock (31/05/12) ii) Insurance prepaid iii) Electricity owing iv) Provision for doubtful debtors to be 10 % of outstanding debtors (at 31/05/12) v) Depreciation : Motor Vehicles, Reducing Balance Method 25 % Fixtures and Fittings, Straight Line Method 10% Plant and Machinery, Reducing Balance 25 % vi) Investment income due vii) Auditors fees owing viii) ix) Tax on profit after interest to be paid in arrears Nominal value per share is 1.00 and the directors of the company have declared a final dividend of 0.10 per share 1) Prepare the following statements for Westbury Services Ltd : a) Income Statement for the year ending 31 st May 2012 (Formerly known as the profit and loss account) (11 marks) b) Position Statement as at 31 st May 2012 (Formerly known as the balance sheet) (11 marks) 2) Define and illustrate three (3) accounting concepts that you have used in the preparation of the financial statements for Westbury Services Ltd. (3 marks) Page 3 of 9
4 Question 2 Below are the balance sheets of Sunil s business, year ending 31 st of May : s 000 s Fixed Assets : Cost Cum. NBV Fixed Assets : Cost Cum.NBV Dep. Dep. Premises Premises Current Assets : Current Assets : Stock 57 Stock 41 Debtors 42 Debtors 65 Bank 0 99 Bank Current Liabilities : Current Liabilities : Creditors 29 Creditors 57 Bank 4 Bank 0 Tax Due 20 Tax Due 30 Dividend Due 3 56 Dividend Due 6 93 Net Current Assets 43 Net Current Assets Less Long Term Loan (150) Less Long Term Loan (50) NET ASSETS 293 NET ASSETS 572 Financed By : Financed By : Share Capital & Reserves 200 Share Capital and Reserves 420 Profit and Loss Account 93 Profit and Loss Account Page 4 of 9
5 Additional Note : i) Interest paid during the year Given the balance sheets of Sunil s business, prepare a Statement of Cashflows (IAS 7 revised edition for year ending 31 st May 2012 (formerly known as a cashflow statement). Use the indirect approach when deriving net cashflow from operating activities. (16 marks) 2. Make comments as to why Sunil started the year with an overdraft, however by the end of the year Sunil had successfully managed to now have money in the bank account. (5 marks) 3. If a company is profitable this does not necessarily imply that there will be an automatic increase in the cash position of the firm. Briefly discuss this statement and explain the why there is a difference between accounting profit and cash. (4 marks) Page 5 of 9
6 Question 3 Below are extracts from the income statement and the statement of financial position for Sukhi Services Limited, year ending 31 st May 2011 and 2012 : Sales Cost of Sales Gross Profit Expenses Net Profit Fixed Assets Stock Debtors Bank Creditors Less Long Term Loans Share Capital Reserves s s Additional Note : The stock figures given above are the average stock figures for the year in question. 1) Calculate the following set of accounting ratios for the company for both years : a) Gross profit ratio b) Mark up c) Net profit ratio d) Return on capital employed e) Current ratio f) Acid test g) Stock turnover h) Debtors collection period i) Creditors payment period j) Gearing (1 mark of each set of ratios, total 10 marks) Page 6 of 9
7 2) Comprehensively comment on the financial performance of the company over the last two years using the ratios you have generated in part 1) and also using the extracts from the financial statements given. (10 marks) 3) Briefly discuss the advantages and disadvantages of the use of accounting ratios as a means of analysis and interpretation of accounting data. (5 marks) END OF SECTION A SECTION B Answer One (1) Question from Section B Question 4 The following data relates to BP Limited, a manufacturer of a range of cycle component products : A B C D E Selling Price / unit Direct Materials / unit Direct labour / unit Fixed Overheads / unit Estimated Demand (units) All labour is charged at the same rate of 6 / hour and the cost of each kilogram of material is 4 per kilogram. 1) Based on the above information what is the ideal product mix and total contribution given : a) labour is limited to labour hours (9 marks) b) material is limited to kilograms (9 marks) Page 7 of 9
8 2) What other non financial (qualitative) factors should the company consider before coming to a final decision. (7 marks) Question 5 Xavier Products Ltd is preparing its annual budgets for the year ending 31 st December The company manufactures one product which currently sells for 60 per unit. The Sales Director believes that the price can be increased by 10 % with effect from 1 st July The sales volumes for each quarter are expected to be as follows : Sales Volume (units) Quarter Quarter Quarter Quarter Sales for the first quarter of the year 2013 are estimated to be units. Each unit of the finished product requires 5 kgs of material. The current price per kilogram of material is 6. The price however is expected to increase as of 1 st April 2012 by 10 %. Assembly of each unit requires 5 hours of direct labour. Labour is currently paid a rate of 7 per hour although the personnel department anticipate a wage rise of 10 % to take effect from 1 st July Stock at 31 st December 2011 is expected to be units. Closing stock at the end of each quarter is expected to be 25 % of next quarter s sales. 1) Prepare the following budgets for the company : a) sales budget (in s) b) production budget (in units) c) material usage budget (in kgs) d) material price budget (in s) e) labour usage budget (in hours) f) labour price budget (in s) (3 marks for each budget, total of 18 marks) Page 8 of 9
9 2) Discuss as fully as possible the importance of budgeting, by addressing the functions of budgeting within a managerial framework. (7 marks) Question 6 Monsoon Products Plc are investigating two possible investment projects, B20 and B21. The data regarding the two projects are as follows : B20 B21 Initial Investment ( ) Cash Inflows ( ) Year Year Year Year Year Residual Value Additional Notes : i) The cost of capital is at present 10 %. ii) The following is an extract from the discount tables : Year 10 % 20 % ) For both projects calculate the following : a) Net Present Value at cost of capital 10 % (6 marks) b) Internal Rate of Return (using the formula) (10 marks) 2) Under each method which project should the company adopt and why. (2 marks) 3) In relation to the two capital investment appraisal techniques used in part 1), outline the advantages and disadvantages of each method. (7 marks) END OF PAPER Page 9 of 9
DO NOT TURN OVER UNTIL TOLD TO BEGIN
THIS PAPER IS NOT TO BE REMOVED FROM THE EXAMINATION HALLS University of London BSc Examination 2011 for External Students BBA0020 Business Administration Accounting for Management DATE DO NOT TURN OVER
More informationDO NOT TURN OVER UNTIL TOLD TO BEGIN
THIS PAPER IS NOT TO BE REMOVED FROM THE EXAMINATION HALLS University of London BSc Examination 2010 for External Students BBA0020 Business Administration Accounting for Management DATE DO NOT TURN OVER
More informationTHIS PAPER IS NOT TO BE REMOVED FROM THE EXAMINATION HALLS
THIS PAPER IS NOT TO BE REMOVED FROM THE EXAMINATION HALLS University of London BSc Examination 2015 BA1020 Business Administration Accounting for Management Date: Wednesday 6 th May 2015 Time: 10.00 13.00
More informationThis paper is not to be removed from the Examination Halls
~~AC1025 ZA d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZA BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
More informationCertificate in Book-keeping and Accounts
Certificate in Book-keeping and Accounts ASE2007 Level 2 Monday 8 April 2013 Time allowed: 3 hours Information There are 5 questions in this question paper. All questions carry equal marks. Instructions
More informationThis paper is not to be removed from the Examination Halls
~~AC1025 ZB d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZB BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
More informationThis paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON
~~AC1025 ZB d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZB BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
More informationACCOUNTING AND FINANCE
EXAMINATION FOR ENTRANCE SCHOLARSHIPS AND EXHIBITIONS FEBRUARY 2014 ACCOUNTING AND FINANCE Time Allowed 2 hours YOU SHOULD ANSWER ONLY TWO QUESTIONS from the four questions, all of which carry equal marks.
More informationMONDAY, 18 MAY 9.00 AM AM
X209/12/01 NATIONAL QUALIFICATIONS 2015 MONDAY, 18 MAY 9.00 AM 11.30 AM ACCOUNTING HIGHER Candidates should attempt six questions in total, as follows. Section A Question 1 and Question 2 or 3 and Question
More informationAccounting Leaving Certificate Higher Level. Past Exam Questions on: Published Accounts
Accounting Leaving Certificate Higher Level Past Exam Questions on: Published Accounts Page 1 of 12 OVER Q6 2013 Q9 2011 Q6 2009 Q4 Published Accounts Lemont PLC has an Authorised share capital of 700,000
More informationACCOUNTING - HIGHER LEVEL (400 marks)
M.55 ªM.55/ PRE-LEAVING CERTIFICATE EXAMINATION, 2009 ACCOUNTING - HIGHER LEVEL (400 marks) TIME : 3 HOURS This paper is divided into 3 Sections: Section 1: Financial Accounting (120 marks). This section
More informationThis paper is not to be removed from the Examination Halls
~~AC1025 ZB d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZB BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
More informationManufacturing Accounts
All questions copyright of Cambridge International Examinations 1 Manufacturing Accounts All questions copyright of Cambridge International Examinations 2 2 1 The following balances were extracted from
More informationJohn Ogilvie High School. Higher Accounting. Company Accounts
John Ogilvie High School Higher Accounting Company Accounts Question 1 The following figures were taken from the records of Ochil Industries plc as at 31 December Year 2. Dr Cr 000 000 Revenue of finished
More informationAccounting and Finance
ENTRANCE SCHOLARSHIP EXAMINATION JANUARY 2017 Accounting and Finance Time Allowed ninety minutes YOU SHOULD ANSWER ONLY TWO QUESTIONS from the four questions, all of which carry equal marks Show all workings
More informationCoimisiún na Scrúduithe Stáit State Examinations Commission
2014. M55 Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE EXAMINATION 2014 A C C O U N T I N G - H I G H E R L E V E L (400 marks) This paper is divided into 3 Sections:
More informationACCOUNTING - HIGHER LEVEL (400 marks)
L.55 PRE-LEAVING CERTIFICATE EXAMINATION 2013 ACCOUNTING - HIGHER LEVEL (400 marks) TIME : 3 HOURS This paper is divided into 3 Sections: Section 1: Financial Accounting (120 marks). This section has four
More information2011 FINANCIAL MANAGEMENT - III
http://www.makaut.com Name :. Roll No. :..... Invigilator s Signature :.. 2011 FINANCIAL MANAGEMENT - III Time Allotted : 3 Hours Full Marks : 70 The figures in the margin indicate full marks. Candidates
More informationCoimisiún na Scrúduithe Stáit State Examinations Commission. Leaving Certificate Marking Scheme. Accounting. Ordinary Level
Coimisiún na Scrúduithe Stáit State Examinations Commission Leaving Certificate 2017 Marking Scheme Accounting Ordinary Level Note to teachers and students on the use of published marking schemes Marking
More informationA C C O U N T I N G - H I G H E R L E V E L (400 marks)
AN ROINN OIDEACHAIS AGUS EOLAÍOCHTA M.55 LEAVING CERTIFICATE EXAMINATION, 2001 A C C O U N T I N G - H I G H E R L E V E L (400 marks) THURSDAY, 14 TH JUNE - MORNING 9.30 a.m. to 12.30 p.m. This paper
More informationCERTIFICATE IN MANAGEMENT ACCOUNTING
Series 2 Examination 2007 CERTIFICATE IN MANAGEMENT ACCOUNTING Level 3 Monday 2 April Subject Code: 3023 Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer 5 questions. All questions carry equal
More informationBSc.(Hons) Banking and International Finance, BSc.(Hons) Tourism and Hospitality Management, Diploma in Public Administration and Management
BSc.(Hons) Banking and International Finance, BSc.(Hons) Tourism and Hospitality Management, Diploma in Public Administration and Management & BSc.(Hons) Public Administration and Management Cohort: BBIF/04/FT/PT
More informationAccounting Technician Examinations. Pilot Examination Paper. Level I. Paper 1 Financial Accounting. Questions Suggested Answers and Marking Scheme
香港專業會計員 會 THE HONG KONG ASSOCIATION OF ACCOUNTING TECHNICIANS (Incorporated with Limited Liability) Unit A, 17/F, Fortis Bank Tower, 77-79 Gloucester Road, Wanchai, Hong Kong. Accounting Technician Examinations
More informationBook-Keeping and Accounts Level 2
LCCI International Qualifications Book-Keeping and Accounts Level 2 Model Answers Series 3 2011 (2007) For further information contact us: Tel. +44 (0) 8707 202909 Email. enquiries@ediplc.com www.lcci.org.uk
More information*7676554572* www.students-resource.com UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level ACCOUNTING 9706/04 Paper 4 Problem
More informationCambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level
*9318495000* Cambridge International Examinations Cambridge International Advanced Subsidiary and Advanced Level ACCOUNTING 9706/41 Paper 4 Problem Solving (Supplementary Topics) October/November 2015
More informationUNIVERSITY OF BOLTON INSTITUTE OF MANAGEMENT ACCOUNTANCY SEMESTER ONE EXAMINATIONS 2017/18 FINANCIAL ACCOUNTING AND REPORTING MODULE NO: ACC5001
[IOM05] UNIVERSITY OF BOLTON INSTITUTE OF MANAGEMENT ACCOUNTANCY SEMESTER ONE EXAMINATIONS 2017/18 FINANCIAL ACCOUNTING AND REPORTING MODULE NO: ACC5001 Date: Tuesday 16 th January 2018 Time: 10:00 13:00
More informationPaper Reference(s) 6001/01 London Examinations GCE. Accounting (Modular Syllabus) Advanced Subsidiary/Advanced Level. Monday 12 January 2009 Afternoon
Paper Reference(s) 6001/01 London Examinations GCE Accounting (Modular Syllabus) Advanced Subsidiary/Advanced Level Unit 1 The Accounting System and Costing Monday 12 January 2009 Afternoon Source booklet
More informationCoimisiún na Scrúduithe Stáit State Examinations Commission
2018. M55 Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE EXAMINATION 2018 ACCOUNTING - HIGHER LEVEL (400 marks) MONDAY 18 JUNE AFTERNOON 2.00 5.00 This paper is divided
More informationNC 824. First Year B. C. A. Examination. April / May Financial Accounting & Management. Time : 3 Hours] [Total Marks : 50
NC 824 First Year B. C. A. Examination April / May 2003 Financial Accounting & Management Seat No. Time : 3 Hours] [Total Marks : 50 Instructions : (1) Figures to the right indicate marks. (2) Show calculations
More informationSPECIMEN F013 RB ADVANCED GCE ACCOUNTING RESOURCE BOOKLET. To be given to candidates at the start of the examination
ADVANCED GCE ACCOUNTING Unit F013: Company Accounts and Interpretation RESOURCE BOOKLET To be given to candidates at the start of the examination INSTRUCTIONS TO CANDIDATES F013 RB Duration: 1 hour 30
More informationFANLING LUTHERAN SECONDARY SCHOOL
FANLING LUTHERAN SECONDARY SCHOOL 2012 2013 2 nd Term Examination S.5 BUSINESS, ACCOUNTING AND FINANCIAL STUDIES Accounting Module Date : 20th June, 2013 Time allowed: 8:30 am - 11:00 am (2 hour 30 minutes)
More informationUNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level ACCOUNTING
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Subsidiary Level and Advanced Level ACCOUNTING 9706/04 Paper 4 Problem Solving (Supplementary Topics) October/November
More informationThis paper is not to be removed from the Examination Halls
~~AC1025_ZA_2016_d0 This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZA BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences,
More informationA C C O U N T I N G - H I G H E R L E V E L (400 marks)
AN ROINN OIDEACHAIS AGUS EOLAÍOCHTA M.55 LEAVING CERTIFICATE EXAMINATION, 2002 A C C O U N T I N G - H I G H E R L E V E L (400 marks) THURSDAY, 13 TH JUNE 2002 - MORNING 9.30 a.m. to 12.30 p.m. This paper
More informationLOYOLA COLLEGE (AUTONOMOUS), CHENNAI
LOYOLA COLLEGE (AUTONOMOUS), CHENNAI 600 034 B.B.A. DEGREE EXAMINATION BUSINESS ADMINISTRATION SIXTH SEMESTER APRIL 2015 BU 6603/BU 6600 MANAGEMENT ACCOUNTING Date : 25/04/2015 Dept. No. Max. : 100 Marks
More informationThis paper is not to be removed from the Examination Halls
This paper is not to be removed from the Examination Halls UNIVERSITY OF LONDON AC1025 ZB (279 0025) BSc degrees and Diplomas for Graduates in Economics, Management, Finance and the Social Sciences, the
More informationPaper Reference(s) 6002/01 London Examinations GCE. Accounting (Modular Syllabus) Advanced Subsidiary/Advanced Level
Paper Reference(s) 6002/01 London Examinations GCE Accounting (Modular Syllabus) Advanced Subsidiary/Advanced Level Unit 2 Corporate and Management Accounting Thursday 16 June 2011 Morning Source booklet
More informationCERTIFICATE IN ACCOUNTING (IAS)
Sample Paper 2008 CERTIFICATE IN ACCOUNTING (IAS) Level 3 Subject Code: 3902 Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer any 4 questions All questions carry equal marks. Study the section
More informationMULTIPLE CHOICE QUESTIONS CHAPTERS 6 10
MULTIPLE CHOICE QUESTIONS CHAPTERS 6 10 CHAPTER 6 1. Each T account contains the exact amount owing to a supplier (A) Sales ledger (B) Purchases ledger (C) General ledger (D) Cash book 2. The Trial balance
More informationCoimisiún na Scrúduithe Stáit State Examinations Commission
2017. M54 Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE EXAMINATION 2017 A C C O U N T I N G - O R D I N A R Y L E V E L (400 marks) MONDAY 19 JUNE AFTERNOON 2.00 5.00
More informationMARK SCHEME for the October/November 2013 series 9706 ACCOUNTING. 9706/11 Paper 1 (Multiple Choice Core), maximum raw mark 30
CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level MARK SCHEME for the October/November 2013 series 9706 ACCOUNTING 9706/11 Paper 1 (Multiple Choice Core), maximum
More informationTHE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2010 EXAMINATIONS FOUNDATION STAGE PAPER 1: ACCOUNTING FRAMEWORK
Examination No. THE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2010 EXAMINATIONS FOUNDATION STAGE PAPER 1: ACCOUNTING FRAMEWORK TUESDAY 7 DECEMBER 2010 TIME ALLOWED : 3 HOURS 9.00 AM - 12.00 NOON
More informationUNIVERSITY OF BOLTON BOLTON BUSINESS SCHOOL ACCOUNTANCY SEMESTER 1 EXAMINATIONS 2016/17 FINANCIAL ACCOUNTING AND REPORTING MODULE NO: ACC5001
BBS006 UNIVERSITY OF BOLTON BOLTON BUSINESS SCHOOL ACCOUNTANCY SEMESTER 1 EXAMINATIONS 2016/17 FINANCIAL ACCOUNTING AND REPORTING MODULE NO: ACC5001 Date: Tuesday 10 th January 2017 Time: 2:00pm to 5:00pm
More informationAdvanced Financial Accounting. Sample Paper 1 Questions & Suggested Solutions
Advanced Financial Accounting Sample Paper 1 Questions & Suggested Solutions INSTRUCTIONS TO CANDIDATES PLEASE READ CAREFULLY Candidates must indicate clearly whether they are answering the paper in accordance
More informationFinancial Management. 2 June Marking Scheme
Financial Management 2 June 2015 Marking Scheme This marking scheme has been prepared as a guide only to markers. This is not a set of model answers, or the exclusive answers to the questions, and there
More informationCopyright Reserved Serial No. Institute of Certified Management Accountants of Sri Lanka. Operational Level May 2015 Examination
Copyright Reserved Serial No Operational Level May 2015 Examination Examination Date : 16 th May 2015 Number of Pages : 09 Examination Time: 9.30 a:m. 12.30 p:m. Number of Questions: 07 Instructions to
More informationCambridge IGCSE Accounting (0452)
www.xtremepapers.com Cambridge IGCSE Accounting (0452) International Accounting Standards (IAS) Guidance for Teachers Contents Introduction... 2 Use of this document... 2 Users of financial statements...
More informationTRADING, PROFIT & LOSS ACCOUNT (INCOME STATEMENT) FOR THE YEAR ENDED 31 AUGUST 20*7
GCSE Revision- Unit 2 Finance 1. What are the advantages and disadvantages of a large business using the following sources of finance: (5 marks) Retained profits: these are profits that the owners put
More informationC O V E N A N T U N I V E RS I T Y P R O G R A M M E : A C C O U N T I N G A L P H A S E M E S T E R T U T O R I A L K I T L E V E L
C O V E N A N T U N I V E RS I T Y T U T O R I A L K I T P R O G R A M M E : A C C O U N T I N G A L P H A S E M E S T E R 2 0 0 L E V E L DISCLAIMER The contents of this document are intended for practice
More informationLILIAN LIMITED BALANCE SHEET AS AT 31/12/2008. Financial and Management Accounting April, General Comments
General Comments Financial and Management Accounting April, 2011 The questions, six in all, could be described as popular in view of the fact that all the topics covered were tested in three previous diets.
More informationSCHOOL OF BUSINESS, ECONOMICS AND MANAGEMENT POSTGRADUATE PROGRAMME GBS 520 FINANCIAL AND MANAGEMENT ACCOUNTING QUESTION BANK
SCHOOL OF BUSINESS, ECONOMICS AND MANAGEMENT POSTGRADUATE PROGRAMME 1 ST SEMESTER 2016 GBS 520 FINANCIAL AND MANAGEMENT ACCOUNTING QUESTION BANK BY BRYSON MUMBA MBA, MAcc, FCCA, FZICA, DiCG, BSc(Hons)
More informationTHE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2009 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC 6: ACCOUNTING/2
Examination No. THE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2009 EXAMINATIONS ACCOUNTING TECHNICIAN PROGRAMME PAPER TC 6: ACCOUNTING/2 TUESDAY 8 DECEMBER 2009 TIME ALLOWED: 3 HOURS 9.00 AM - 12.00
More informationTUESDAY, 29 APRIL 1.00 PM 3.30 PM
X209/12/01 NATIONAL QUALIFICATIONS 2014 TUESDAY, 29 APRIL 1.00 PM 3.30 PM ACCOUNTING HIGHER Candidates should attempt six questions in total, as follows. Section A Question 1 and Question 2 or 3 and Question
More informationa] Outline four activities that accountants normally undertake within business organisations.
QUESTION 1 a] Outline four activities that accountants normally undertake within business organisations. (8 marks) b] Financial Accounting and Management Accounting are two different branches of accounting
More informationFINANCIAL STATEMENTS OF LIMITED COMPANIES (Continued)
Lesson # 39 Question # 1: FINANCIAL STATEMENTS OF LIMITED COMPANIES (Continued) KKB (Private) Limited is a manufacturing company. Following list of balances has been extracted from its books as on June
More informationCoimisiún na Scrúduithe Stáit State Examinations Commission. Leaving Certificate Marking Scheme. Accounting. Higher Level
Coimisiún na Scrúduithe Stáit State Examinations Commission Leaving Certificate 2018 Marking Scheme Accounting Higher Level Note to teachers and students on the use of published marking schemes Marking
More informationFinancial Accounting II 2 nd Year Examination
Financial Accounting II 2 nd Year Examination May 2010 Paper, Solutions & Examiner s Report NOTES TO USERS ABOUT THESE SOLUTIONS The solutions in this document are published by Accounting Technicians Ireland.
More informationPlease be aware that the following amendments to the Passport to Success Level 3 Accounting student book are required:
Errata Passport to Success: Level 3 Accounting Please be aware that the following amendments to the Passport to Success Level 3 Accounting student book are required: Page 5 In Note (8) replace General
More informationSCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME
All Rights Reserved No. of Pages - 12 No of Questions - 06 SCHOOL OF ACCOUNTING AND BUSINESS BSc. (APPLIED ACCOUNTING) GENERAL / SPECIAL DEGREE PROGRAMME YEAR I SEMESTER I (INTAKE VI GROUP B) END SEMESTER
More informationPaper Reference(s) 6001/01 London Examinations GCE. Accounting (Modular Syllabus) Advanced Subsidiary/Advanced Level. Monday 18 January 2010 Morning
Paper Reference(s) 6001/01 London Examinations GCE Accounting (Modular Syllabus) Advanced Subsidiary/Advanced Level Unit 1 The Accounting System and Costing Monday 18 January 2010 Morning Source booklet
More informationCambridge International Examinations Cambridge Ordinary Level
Cambridge International Examinations Cambridge Ordinary Level *5985068607* PRINCIPLES OF ACCOUNTS 7110/21 Paper 2 May/June 2015 2 hours Candidates answer on the Question Paper. No Additional Materials
More informationRTP_Final_Syllabus 2012_Dec 2014
Paper 20: Financial Analysis & Business Valuation SN 1 [Financial Modeling for Project Appraisal] Question 1. (a) A company is considering the following investment projects: Projects Cash Flows (`) W X
More informationGovernance and Reporting
Subject no. 56A Diploma in Offshore Finance and Administration Governance and Reporting July 2011 Friday morning 15 July 2011 Time allowed: 3 hours Do not open this examination paper until the presiding
More informationCoimisiún na Scrúduithe Stáit State Examinations Commission. Leaving Certificate Marking Scheme. Accounting. Ordinary Level
Coimisiún na Scrúduithe Stáit State Examinations Commission Leaving Certificate 2012 Marking Scheme Accounting Ordinary Level LEAVING CERTIFICATE EXAMINATION, 2012 ACCOUNTING - ORDINARY LEVEL Solutions
More informationFBCA-05 April-2007 Financial Accounting and Management (New Course)
Seat No. : FBCA-05 April-2007 Financial Accounting and Management (New Course) Time : 3 Hours] [Max. Marks : 70 1. (a) Give the meaning and proforma of an Account. Also give the rules of Debit and Credit.
More informationPart 2 Multiple choice questions and answers
Part 2 Multiple choice questions and answers These questions and answers were originally prepared by John Wyett. For this edition they have been revised by John Dyson. Answers to the multiple choice questions
More informationSEC Syllabus (2020) Accounting
SEC SYLLABUS (2020) ACCOUNTING SEC 01 SYLLABUS 1 Accounting SEC 01 Syllabus (not available in September) Paper 1 (2hrs) + Paper II (2 hrs) The aims of the syllabus are to enable students: 1. To understand
More informationCAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education
www.xtremepapers.com Centre Number Candidate Number Name CAMBRIDGE INTERNATIONAL EXAMINATIONS International General Certificate of Secondary Education ACCOUNTING 0452/03 Paper 3 Candidates answer on the
More informationContents. 1 - Finance Financial Statements 4. 3 Accounting Concept & Conventions 5. 4 Capital & Revenue Expenditure 8
Contents 1 - Finance 3 2 - Financial Statements 4 3 Accounting Concept & Conventions 5 4 Capital & Revenue Expenditure 8 5 - Financial Statements Analysis 15 6 - Management Accounting 21 7 - Working Capital
More information6. Narrate the advantages of office manual. Time: Three hours Maximum: 100 marks Answer any.three questions.
--- - - - 7162/BAl OCTOBER 2008 BUSINESS COMMUNICATION AND OFFICE MANAGEMENT 6. Narrate the advantages of office manual. 7. Describe the importance of proper lighting and ventilation in an office. 8. Explain
More informationTHURSDAY, 9 MAY 1.00 PM 3.30 PM
X209/12/01 NATIONAL QUALIFICATIONS 2013 THURSDAY, 9 MAY 1.00 PM 3.30 PM ACCOUNTING HIGHER Candidates should attempt six questions in total, as follows. Section A Question 1 and Question 2 or 3 and Question
More informationFINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING FORMATION 2 EXAMINATION - AUGUST 2010 NOTES: You are required to answer Question 1. You are also required to answer any three out of Questions 2 to 5. (If you provide answers to all
More informationUnit 10 : YEAR-END ADJUSTMENTS
Unit 10 : YEAR-END ADJUSTMENTS Slide 1.2 INTRODUCTION The most important point, which must be understood at the outset, is that all these adjustments have an impact on both the income statement/profit
More informationLEAVING CERTIFICATE 2009 MARKING SCHEME ACCOUNTING ORDINARY LEVEL
Coimisiún na Scrúduithe Stáit State Examinations Commission LEAVING CERTIFICATE 2009 MARKING SCHEME ACCOUNTING ORDINARY LEVEL LEAVING CERTIFICATE ACCOUNTING - 2009 Ordinary Level Marking Scheme INTRODUCTION
More informationActivity to Develop and Demonstrate Competence. Describe the nature, scope and purposes of financial statements and their related records and accounts
Paper 1 Financial Accounting Aim This paper aims at testing students understanding of the basic accounting principles, and their ability to apply concepts of financial accounting and methods to record
More informationHigher National Diploma in Accountancy Third Year, First Semester Examination 2014 DA3101-Advanced Management Accounting
[All Rights Reserved] SLIATE SLIAE SRI LANKA INSTITUTE OF ADVANCED TECHNOLOGICAL EDUCATION (Established in the Ministry of Higher Education, vide in Act No. 29 of 1995) Higher National Diploma in Accountancy
More informationFriday 10 June 2016 Afternoon
Oxford Cambridge and RSA Friday 10 June 2016 Afternoon A2 GCE ACCOUNTING F013/01/RB Company Accounts and Interpretation RESOURCE BOOKLET *5921394789* To be given to candidates at the start of the examination
More informationLondon Examinations GCE Accounting (Modular Syllabus) Advanced Subsidiary Unit 1: The Accounting System and Costing
Centre No. Candidate No. Surname Signature Paper Reference(s) 6001/01 London Examinations GCE Accounting (Modular Syllabus) Advanced Subsidiary Unit 1: The Accounting System and Costing Tuesday 8 January
More informationAnswer FOUR questions, TWO from Section A and TWO from Section B.
UNIVERSITY OF EAST ANGLIA Norwich Business School Main Series UG Examination 2017-18 FINANCIAL ACCOUNTING NBS-5002Y Time allowed 3 Hours Answer FOUR questions, TWO from Section A and TWO from Section B.
More informationACCN3 Additional Specimen Questions
TEACHER RESOURCE BANK GCE Accounting Additional Sample Questions and Mark Schemes New/Modified Topics: ACCN3 First issue 2010 The Assessment and Qualifications Alliance (AQA) is a company limited by guarantee
More informationAccounting Principles. Question Paper, Answers and Examiners Comments. Level 3 Diploma June B/PQP/1
Accounting Principles Question Paper, Answers and Examiners Comments Level 3 Diploma 7B/PQP/1 Copyright of the Institute of Credit Management Institute of Credit Management The Water Mill, Station Road,
More informationIntroduction Financial record keeping Income statements The balance sheet Further adjustments to the income statement 47
CONTENTS Introduction 1 01 Financial record keeping 3 Introduction 3 Single-entry bookkeeping 4 Double-entry bookkeeping 6 Balancing accounts 10 The trial balance 13 Daybooks and ledgers 15 Modern double-entry
More informationCERTIFICATE IN BOOK-KEEPING AND ACCOUNTS
Series 4 Examination 2011 CERTIFICATE IN BOOK-KEEPING AND ACCOUNTS Level 2 Thursday 10 November Subject code: 2007 Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer any 4 questions. There are no
More informationQUESTION 2 IAS 1 (CAF5 A15) Following is the summarised trial balance of Eagles Limited (EL) as at 30 June 2015: Debit Rs. in 000
QUESTION 2 IAS 1 (CAF5 A15) Following is the summarised trial balance of Eagles Limited (EL) as at 30 June 2015: Debit Credit Plant 2,500 Acc. depreciation at 1 July 2014 Equipment 700 Plant 1,000 Stock
More informationD.K.M COLLEGE FOR WOMEN (AUTONOMOUS),VELLORE-1. PG & RESEARCH DEPARTMENT OF COMMERCE ACCOUNTING AND BUSINESS FOR MANAGERS BSC - ISM
D.K.M COLLEGE FOR WOMEN (AUTONOMOUS),VELLORE1. PG & RESEARCH DEPARTMENT OF COMMERCE ACCOUNTING AND BUSINESS FOR MANAGERS BSC ISM UNIT I SECTION A 2 MARKS 1. Define Accounting. 2. What is Journal? 3. Write
More informationMARK SCHEME for the October/November 2011 question paper for the guidance of teachers 9706 ACCOUNTING
UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level MARK SCHEME for the October/November 2011 question paper for the guidance of teachers 9706 ACCOUNTING
More informationAnswer the ONE question in section A (this has 25 sub-questions and is on pages 2 8).
Foundation Level Financial ccounting Fundamentals 1 FFN 21 November 2001 ay 3 morning INSTRUTIONS TO NITES Read this page before you look at the questions You are allowed three hours to answer this question
More informationTHE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2014 EXAMINATIONS FOUNDATION STAGE PAPER 1: ACCOUNTING FRAMEWORK
EXAMINATION NO. THE PUBLIC ACCOUNTANTS EXAMINATION COUNCIL OF MALAWI 2014 EXAMINATIONS FOUNDATION STAGE PAPER 1: ACCOUNTING FRAMEWOR MONDAY, 2 JUNE 2014 TIME ALLOWED : 3 HOURS 9.00 AM 12.00 NOON INSTRUCTIONS:
More informationCORPORATE REPORTING PROFESSIONAL 1 EXAMINATION - AUGUST 2013
CORPORATE REPORTING PROFESSIONAL 1 EXAMINATION - AUGUST 2013 NOTES: You are required to answer Questions 1, 2 and 3. You are also required to answer either Question 4 or 5. (If you provide answers to both
More informationFINANCIAL STATEMENTS OF TRADING COMPANIES
FINANCIAL STATEMENTS OF TRADING COMPANIES QUESTION ONE The trial balance of Beta Limited as at 31 st December, 2016 is as follows: Dr Cr GH GH Sales and Purchases 20,000 50,000 Inventory 8,000 Distribution
More informationPrepare the necessary journal entries to correct the above. Narrations are not required.
Correction of errors HKDSE (2017, 5) (Correction of errors) ABC Limited drafted a trial balance as at 31 December 2016, before the preparation of the closing entries. As the trial balance did not agree,
More informationCERTIFIED ACCOUNTING TECHNICIAN LEVEL 2 EXAMINATIONS L2.1: FINANCIAL ACCOUNTING FRIDAY: 01 DECEMBER 2017
CERTIFIED ACCOUNTING TECHNICIAN LEVEL 2 EXAMINATIONS L2.1: FINANCIAL ACCOUNTING FRIDAY: 01 DECEMBER 2017 INSTRUCTIONS: 1. Time Allowed: 3 hours 15 minutes (15 minutes reading and 3 hours writing). 2. This
More informationMark Scheme (Results) January 2011
Scheme (Results) January 2011 GCE GCE Accounting (6001/01) Paper 01 Edexcel Limited. Registered in England and Wales No. 4496750 Registered Office: One90 High Holborn, London WC1V 7BH Edexcel is one of
More informationExaminations for Academic Year 2017 Semester I / Academic Year 2016/2017 Semester II
Programme BSc (Hons) Human Resource Management BSc (Hons) Management (L+G+F+M) Diploma in Procurement and Supply Management COHORT BHRM/12B/13B/14B/ 15A/16A/15B/FT/PT BMANG/F/L/M/12B/13A/ 13B/14A/14B/15A/15B/1
More informationAccounting Principles. Question Paper, Answers and Examiner s Comments. Level 3 Diploma June June B/PQP/1 continued
Accounting Principles Question Paper, Answers and Examiner s Comments Level 3 Diploma June 2014 June 2014 7B/PQP/1 continued Copyright of the Institute of Credit Management Institute of Credit Management
More information2016 EXAMINATIONS KNOWLEDGE LEVEL PAPER 1: ACCOUNTING FRAMEWORK
EXAMINATION NO 2016 EXAMINATIONS NOWLEDGE LEVEL PAPER 1: ACCOUNTING FRAMEWOR TUESDAY 7 JUNE 2016 TIME ALLOWED : 3 HOURS 9.00AM - 12.00 NOON INSTRUCTIONS: 1. You are allowed 15 minutes reading time before
More informationBusiness Accounting. macmillan. to Fini. 2nd edition. Jill Collis Andrew Holt Roger Hussey
Business Accounting to Fini 2nd edition By Jill Collis Andrew Holt Roger Hussey macmillan List of figures List of tables Preface Acknowledgements Acronyms xi xiii xv xvii xviii Part I The world of accounting
More informationCERTIFICATE IN MANAGEMENT ACCOUNTING
Series 2 Examination 2007 CERTIFICATE IN MANAGEMENT ACCOUNTING Level 3 Tuesday 29 May Subject Code: 3623/M Time allowed: 3 hours INSTRUCTIONS FOR CANDIDATES Answer 5 questions. All questions carry equal
More informationNational Quali cations 2015
N5 National Quali cations 2015 X700/75/11 Accounting MONDAY, 18 MAY 9:00 AM 10:30 AM Total marks 100 Section 1 60 marks Attempt BOTH questions. Section 2 40 marks Attempt ALL questions. Write your answers
More information