ACCA英国注册会计师试题及答案_ACCA英国注册会计师考试练习题P29-新东方在线职业题库

Which of the following MUST be created using a debenture trust deed?

A

A single debenture

B

Debenture stock

C

Series debentures

D

Register of debentureholders

Which TWO of the following are advantages of using a debenture trust deed?

(1) The deed creates a charge or charges over the company's assets which creates security

(2) A single trustee of the debentureholders is appointed so the company only has to deal with one person

(3) Debentures covered by a debenture trust deed have a higher priority of repayment on liquidation than debentures not covered by a deed

(4) The process of selling a debenture covered by a debenture trust deed is substantially faster than the process of selling a debenture not covered by a debenture trust deed.

A

1 and 2

B

1 and 4

C

2 and 3

D

3 and 4

Which of the following statements regarding the differences between loan capital and share capital is correct?

A

Unlike loan capital, share capital does not have to be repaid

B

Loan capital has voting rights attached but share capital does not

C

Share capital offers the holder more security than loan capital

D

Share capital is transferable but loan capital is not

Which of the following statements regarding the differences between loan capital and share capital is NOT correct?

A

A shareholder is an owner of the company, a debentureholder is not

B

Shares may not be issued at a discount to their nominal value, debentures may be issued at a discount to their nominal value

C

A public sale of shares is known as a prospectus, the public sale of debentures is known as a listing

D

There are statutory restrictions on redeeming shares, there are no statutory restrictions on redeeming debentures

Which of the following is the purpose of a 'negative pledge' clause on a company charge?

A

To prevent the company from issuing a subsequent charge on the same asset

B

To prevent the company from selling the asset without the chargee's permission

C

To prevent the company from using the asset without the chargee's permission

D

To ensure the company pays the proceeds from the sale of the asset to the chargeholder

Which of the following could be described as an expert system?

A

An ATM dispensing cash provided there is enough money in the account

B

A stock management system, which highlights stock-outs

C

A marketing database holding records of past advertising campaigns and the sales generated by those campaigns

D

A tax calculator which predicts the level of tax payable in different scenarios

Which of the following is the most reliable source of information on a country’s inflation rate?

A

Spending on groceries by a family from one point of time to the next

B

Journalist reports concerning the difficulties local families are having making ends meet

C

Average house prices measured across the country from one point of time to the next

D

The government figures for RPI or CPI

The qualities of good information contained in reports are more easily remembered using the mnemonic ACCURATE. Which one of the following is not normally associated with a quality of good information?

A

Adaptable to the needs of the user

B

Acceptable to the user

C

Accurate

D

Understandable by the user

Strategic reports have many features, which of the following would be most likely true of a strategic report?

A

Prepared regularly

B

Normally considered accurate and reliable

C

Highly summarised showing overall trends

D

Demonstrates current position

Local managers within organisations often use operational reports. Which of the following features of reports would be most true of an operational report?

A

Summarised information

B

Mainly external information on local competition

C

Accurate information on current position

D

Infrequent

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