2015年12月ACCA F1 Mock Exam考题.pdf

Section A – ALL 46 questions are compulsory and MUST be attempted 1. M Company is listed on its country’s stock exchange, the following individuals serve on the board of directors: A is a non-executive director and is the chairman of the company. B is the CEO and is responsible for the day-to-day running of the company. C is a professional accountant and serves as a non-executive director. D is the finance director and is an employee of the company. E is a legal advocate and serves as a non-execute director. F is the marketing director of a manufacturing company and serves as a non-execute director. Which of the following is the most appropriate composition of directors for M Company’s audit committee? (2 marks) A. C, D and E B. A, B and F C. A, E and F D. C, E and F 2. Which of the following is a purpose of internal control? (2 marks) A. To provide reasonable assurance that the company can achieve its objectives B. To ensure that all operational accounting data is totally accurate C. To eliminate all risks arising from fraud and other criminal acts D. To validate the financial statements of the company as a true and fair view 3. DEF Co has a system that records details of orders received and goods dispatched, invoices customers and allocates remittances to customers. What type of system is this? (1 mark) A. Management information system B. Decision support system C. Transaction processing system 4. The accounting statements drawn up by a management accountant for monthly management meeting do not need to comply with company law or accounting standards. Is the above statement true or false? (1 mark) A. True B. False 5. Which of the following is an advantage of centralization in an organization with a dispersed network of offices? (2 marks) A. Decisions are easier to coordinate B. Greater speed of decision making nearer the point of sale C. Improved motivation of line managers D. Reduced workload for senior management 6. Of main sources of rules that regulate the beh