Chapter5-8_F1考试试题及答案P3-新东方在线职业题库

What is the purpose of an Operating and Financial Review (OFR)?

A

To provide the board of directors with a narrative statement by the audit committee of its

findings on the efficacy of internal operational and financial controls

B

To set out the directors' analysis of the business, in order to provide investors with a historicaland prospective view through the eyes of management

C

To provide a statement that the company is a going concern

Which of the following are advantages of having non-executive directors on the company board?

1 They can provide a wider perspective than executive directors

.2 They provide reassurance to shareholders.

3 They may have external experience and knowledge which executive directors do not possess.

4 They have more time to devote to the role

A

1 and 3

B

1, 2 and 3

C

1, 3 and 4

D

2 and 4

Joseph has just started his first job in an accountancy department. A qualified senior member of staff explains to him

what the main aim of accounting is. Which of the following options is the correct aim of accounting?

A

To maintain ledger accounts for every asset and liability

B

To provide financial information to users of such information

C

To produce a trial balance

D

To record every financial transaction individually

Which of the following statements about accounting information is incorrect?

A

Some companies voluntarily provide specially-prepared financial information to employees.

B

Accounting information should be relevant, reliable, complete, objective and timely.

C

Accountants have a strong obligation to ensure that company accounts conform to accounting

standards

D

Charities and professional bodies do not have to produce financial statements in the same way

as businesses

In a typical finance function, preparation of budgets and budgetary control would usually be the responsibility of which of the

following roles?

A

The Financial Controller

B

The Management Accountant

C

The Treasurer

Three of the following are outputs of a payroll system, and one input to the system. Which is input?

A

Credit transfer forms

B

Time sheets

C

Payroll analysis

D

Pay slip

Which of the following is an aim of the control system relating to accounts payable and purchases?

A

To ensure that all credit notes received are recorded in the general and payables ledger

B

To ensure that goods and services are only supplied to customers with good credit ratings

C

To ensure that all credit notes that have been issued are recorded in the general and receivables ledgers

D

To ensure that potentially doubtful debts are identified

Which of the following does company law require a statement of financial position to give?

A

A true and fair view of the profit or loss of the company for the financial year

B

An unqualified (or 'clean') report on the statement of affairs of the company as at the end of

thefinancial year

C

A true and fair view of the statement of affairs of the company as at the end of the financial year

The following, with one exception, are areas in which an integrated accounting software package has advantages compared to a series of separate (stand-alone) dedicated programs. Which is the exception?

A

Efficiency in updating data

B

Flexibility in preparing reports

C

Data integrity

D

Specialised capabilities

A is a program which deals with one particular part of a computerised business accounting system.

Which of the following terms correctly completes this definition?

A

Suite

B

Module

C

Spreadsheet

D

Database

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