Chapter5-8习题_F1_ACCA英国注册会计师

In most countries, what is the usual purpose of codes of practice on corporate governance?

A

To establish legally binding requirements to which all companies must adhere

B

To set down detailed rules to regulate the ways in which companies must operate

C

To provide guidance on the standards of the best practice that companies should adopt

D

To provide a comprehensive framework for management and administration

Who should set directors' reward and incentive packages, according to corporate governance provisions?

A

The board of directors

B

The nomination committee

C

A remuneration committee made up of independent non-executive directors

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

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