快速查题-ACCA英国注册会计师试题

 Identify three major non-financial factors that AB would need to consider in making its eventual decision as to what to do. 

 Part of a company's draft statement of cash flows is shown below:

                                                             $!000

Net profit before tax                             8,640

Depreciation charges                         (2,160)

Proceeds of sale of non-current assets  360

Increase in inventory                             (330)

Increase in accounts payable                 440

The following criticisms of the above extract have been made:

1 Depreciation charges should have been added, not deducted.

2 Increase in inventory should have been added, not deducted.

3 Increase in accounts payable should have been deducted, not added.

4 Proceeds of sale of non-current assets should not appear in this part of the statement of cash flows.

Which of these criticisms are valid?

 Suggest one other course of action that AB might follow, explaining what you consider to be its merits and demerits when compared with your answer at (a) above. 

In preparing a company's statement of cash flows complying with IAS 7 Statements of Cash FIOWS  

 which, if any, of the following items could form part of the calculation of cash flow from financing activities?

  1 Proceeds of sale of premises

 2 Dividends received

 3 Bonus issue of shares 

Which of the following assertions about statement of cash flows is/are correct? 

1 A statement of cash flows prepared using the direct method produces a different figure for  operating cash flow from that

produced if the indirect method is used. 

2 Rights issues of shares do not feature in statements of cash flows. 

3 A surplus on revaluation of a non-current asset will not appear as an item in a statement of cash  flows. 

4 A profit on the sale of a non-current asset will appear as an item under Cash Flows from Investing  Activities in a statement

of cash flows. 

An extract from a statement of cash flows prepared by a trainee accountant is shown below. Cash flows from operating

activities  Net profit before taxation Adjustments for: Depreciation Operating profit before working capital changes Decrease in inventories Increase in receivables Increase in payables Cash generated from operations Which of the following criticisms of

this extract are correct?

1 Depreciation charges should have been added, not deducted.

2 Decrease in inventories should have been deducted, not added.

3 Increase in receivables should have been added, not deducted.

4 Increase in payables should have been added, not deducted.

 Which of the following reasons is an automatically fair reason for dismissal? 

Explain which claims Nick may be able to bring against Equis Ltd