PROFESSIONAL PROGRAM – Page 18

AA – L2 – SA – Q2.9 – Receivables Cut-Off

Which item should appear in receivables.

Question

Which of the following should appear in receivables in the financial statements?

A Last GRN this year

B First GRN next year

C First GDN next year

D Last GDN this year

Answer

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Tags: Cut-off, Goods Despatched Note, ICAG, Receivables
Level: Level 2

Topic: Audit and Assurance Evidence

BCL – L1 – SA – Q12 – Governance and Ethical Issues

States purpose of corporate governance.

Question

What is the main purpose of corporate governance?

A Maximizing shareholder profits

B Ensuring ethical business conduct and accountability

C Avoiding government regulations

D Minimizing employee rights

Answer

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Tags: Accountability, Corporate Governance, Ethical Conduct
Level: Level 1

Topic: Governance and ethical issues relating to business

AA – L2 – SA – Q2.8 – Financial Statement Assertions

Assertions impacted by intangible asset issues.

Question

In respect of intangible non-current assets select the principle financial statement assertion that is impacted.

Expenses inappropriately capitalized as intangible assets
A Rights and obligations
B Existence
C Completeness
Intangible assets only tested for impairment every six years
D Valuation
E Existence
F Completeness

Answer

Find Related Questions by Tags, levels, etc.

Tags: Financial Statement Assertions, ICAG, Impairment, Intangible assets
Level: Level 2

Topic: Audit and Assurance Evidence

BCL – L1 – SA – Q11 – Company Directors and Other Officers

Describes role of a company secretary.

Question

What is the role of a company secretary?

A Administrative tasks and regulatory compliance

B Marketing and sales

C Legal representation in court

D Financial management

Answer

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Tags: Administrative Tasks, Company Secretary, Regulatory compliance
Level: Level 1

Topic: Company directors and other officers

BCL – L1 – SA – Q10 – Types of Capital

Defines debt financing as borrowing money.

Question

What is debt financing?

A Selling company shares

B Borrowing money

C Allocating profits to shareholders

D Investing in other companies

Answer

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Tags: Borrowing, Company Financing, Debt financing
Level: Level 1

Topic: Types of capital and the financing of companies

BCL – L1 – SA – Q9 – Types of Capital

Explains purpose of share capital in a company.

Question

What is the purpose of share capital in a company?

A To pay employee salaries

B To distribute profits to shareholders

C To provide a financial base for the company

D To fund charitable activities

Answer

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Tags: Company Financing, Corporate law, Share Capital
Level: Level 1

Topic: Types of capital and the financing of companies

BCL – L1 – SA – Q8 – Alternative Forms and Constitutions

Defines memorandum of association.

Question

What is a memorandum of association?

A A list of company shareholders

B A document specifying the company’s constitution

C A financial report

D An internal company memo

Answer

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Tags: Company constitution, Corporate law, Memorandum of Association
Level: Level 1

Topic: Alternative forms and constitutions of business organisations

AA – L2 – SA – Q2.7 – Public Sector Audit Parties

Identify non-party in public sector audit.

Question

Which of the following is NOT a party in a public sector audit?

A The Auditor-General

B The responsible party

C The intended user

D INTOSAI

Answer

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Tags: Auditor-General, ICAG, INTOSAI, Public Sector Audit
Level: Level 2

Topic: Public sector audit

BCL – L1 – SA – Q6 – Employment Law

Describes role of collective bargaining agreements.

Question

What is the role of a collective bargaining agreement?

A It outlines individual employment terms.

B It governs terms of employment for a group of employees

C It is only relevant in small businesses.

D It is illegal under employment law.

Answer

Find Related Questions by Tags, levels, etc.

Tags: collective bargaining, Employment Terms, Labour Law
Level: Level 1

Topic: Employment Law

BCL – L1 – SA – Q5 – Employment Law

States purpose of employment contracts.

Question

What is the purpose of employment contracts?

A To limit employee rights

B To specify terms and conditions of employment

C To favour employers over employees

D To bypass labour laws

Answer

Find Related Questions by Tags, levels, etc.

Tags: Employment Contracts, Labour Law, Terms of Employment
Level: Level 1

Topic: Employment Law

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AA – L2 – SA – Q2.9 – Receivables Cut-Off

Which item should appear in receivables.

BCL – L1 – SA – Q12 – Governance and Ethical Issues

States purpose of corporate governance.

AA – L2 – SA – Q2.8 – Financial Statement Assertions

Assertions impacted by intangible asset issues.

BCL – L1 – SA – Q11 – Company Directors and Other Officers

Describes role of a company secretary.

BCL – L1 – SA – Q10 – Types of Capital

Defines debt financing as borrowing money.

BCL – L1 – SA – Q9 – Types of Capital

Explains purpose of share capital in a company.

BCL – L1 – SA – Q8 – Alternative Forms and Constitutions

Defines memorandum of association.

AA – L2 – SA – Q2.7 – Public Sector Audit Parties

Identify non-party in public sector audit.

BCL – L1 – SA – Q6 – Employment Law

Describes role of collective bargaining agreements.

BCL – L1 – SA – Q5 – Employment Law

States purpose of employment contracts.

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Program (SQ): PROFESSIONAL PROGRAM

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Which item should appear in receivables.

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States purpose of corporate governance.

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Assertions impacted by intangible asset issues.

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Describes role of a company secretary.

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Defines debt financing as borrowing money.

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Explains purpose of share capital in a company.

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Defines memorandum of association.

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Identify non-party in public sector audit.

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