快速查题-ACCA英国注册会计师试题

 A court will never enforce a liquidated damages clause, as any attempt to discourage breach is void. 

Which of the following describes liquidated damages?

What is the hourly payment method being described?

Payment method                                                                     Basic rate              Overtime premium             Overtime payment

This is the amount paid above the basic rate for hours

worked in excess of the normal hours.   

This is the total amount paid per hour for hours worked

in excess of the normal hours.   

This is the amount paid per hour for normal hours worked.   

Which remuneration method is being described?

Payment method                                                                    Time-rate             Piecework           Piece-rate plus bonus

Labour is paid based solely on the production achieved.   

Labour is paid extra if an agreed level of output is exceeded.   

Labour is paid according to hours worked.   

 Which of the following material events after the reporting period and before the financial statements are approved by the

directors should be adjusted for in those financial statements?

1 A valuation of property providing evidence of impairment in value at the reporting period

2 Sale of inventory held at the end of the reporting period for less than cost

3 Discovery of fraud or error affecting the financial statements

4 The insolvency of a customer with a debt owing at the end of the reporting period which is still outstanding

The draft financial statements of a limited liability company are under consideration. The accounting treatment of the following material events after the reporting period needs to be determined.

1 The bankruptcy of a major customer, with a substantial debt outstanding at the end of the reporting period

2 A fire destroying some of the company's inventory (the company's going concern status is not affected)

3 An issue of shares to finance expansion

4 Sale for less than cost of some inventory held at the end of the reporting period

According to IAS 10 Events after the reporting period, which of the above events require an adjustment to the figures in the

draft financial statements?

Working for a number of different people is an automatic sign of self employment? 

How can an employee show acceptance when the terms of their employment contract have changed?

 (i) Signing a wholly new contract

 (ii) Working under the new terms

 (iii) Agreeing verbally 

 Expiry of a fixed-term contract without renewal amounts to a dismissal. 

 Which one of the following is not a question that a tribunal, when considering an employer's reasonableness in an unfair dismissal claim, will want to answer?