ACCA P2（United Kingdom）历年考试真题及答案大全（2002年-2008年）

包含（2002年-2008年）ACCA P2（United Kingdom）历年考试真题及答案，文件列表如下：
Dec-2002.PDF、Dec-2003.PDF、Dec-2004.PDF、Dec-2005.PDF、Dec-2006.PDF、Dec-2007.PDF、Dec-2008.PDF；
June-2003.PDF、June-2004.PDF、June-2005.PDF、June-2006.PDF、June-2007.PDF、June-2008.PDF；

Advanced Corporate
Reporting
(UK Stream)

PART 3
TUESDAY 12 JUNE 2007

Section A – This ONE question is compulsory and MUST be attempted
1 The following draft balance sheets relate to Glove, Body and Fit, all public limited companies, as at 31 May 2007:
Glove Body Fit
￡m ￡m ￡m
Fixed assets:
Tangible assets 260 20 26
Investment in Body 60
Investment in Fit 30
Available for sale investments 10
—- —- —-
330 50 26
Current assets 65 29 20
Creditors: amounts falling due within one year (35) (7) (5)
—- —- —-
Net current assets 30 22 15
Creditors: amounts falling due after more than one year (45) (2) (3)
—- —- —-
Net assets 315 70 38
—- —- —-
Capital and reserves
Share capital 150 40 20
Other reserves 30 5 8
Profit and Loss reserve 135 25 10
—- —- —-
Capital employed 315 70 38
—- —- —-
The following information is relevant to the preparation of the group financial statements:
(i) Glove acquired 80% of the share capital of Body on 1 June 2005 when Body’s other reserves were ￡4 million
and the profit and loss reserve was ￡10 million. The fair value of the net assets of Body was ￡60 million at
1 June 2005. Body acquired 70% of the share capital of Fit on 1 June 2005 when the other reserves of Fit were
￡8 million and the profit and loss reserve was ￡6 million. The fair value of the net assets of Fit at that date was
￡39 million. The excess of the fair value over the net assets of Body and Fit is due to an increase in the
value of non-depreciable land of the companies. There have been no issues of share capital in the group since
1 June 2005.
(ii) Body owns several brand names which are highly regarded in the market place, and regularly sells them. Body
has invested a significant amount in marketing these brands and has expensed the costs. None of the brands
has been acquired externally and, therefore, the costs have not been capitalised in the balance sheet of Body.
On the acquisition of Body by Glove, a firm of valuation experts valued the brands at ￡5 million and this valuation
had been taken into account by Glove when offering ￡60 million for the investment in Body. The valuation of the
brands is not included in the fair value of the net assets of Body above. Group policy is to amortise intangible
assets over ten years.
(iii) On 1 June 2005, Glove introduced a new defined benefit retirement plan. At 1 June 2005, there were no
unrecognised actuarial gains and losses. The actuarial valuation of the company’s pension scheme showed a net
liability of ￡5 million at 31 May 2006. The following relates to the pension scheme for the year ended 31 May
2007:
￡m
Current service cost 26
Expected return on pension scheme assets 7
Interest on pension scheme liabilities 5
The company decided to increase its contributions to the scheme to ￡23 million. At 31 May 2007, the net
liability was measured at ￡8 million, but this valuation had not been taken into account in the financial
statements. All of the above elements had been recorded in the financial statements other than the measurement
of the closing liability of ￡8 million. The defined benefit liability is included in creditors: amounts falling due after
more than one year.

Section B – THREE questions ONLY to be attempted
2 Wader, a public limited company, is assessing the nature of its provisions for the year ended 31 May 2007. The
following information is relevant:
(a) The impairment of debtors has been calculated using a formulaic approach which is based on a specific
percentage of the portfolio of debtors. The general provision approach has been used by the company at 31 May
2007. At 31 May 2007, one of the credit customers, Tray, has come to an arrangement with Wader whereby
the amount outstanding of ￡4 million from Tray will be paid on 31 May 2008 together with a penalty of
￡100,000. The total amount of debtors outstanding at 31 May 2007 was ￡11 million including the amount
owed by Tray. The following is the analysis of the debtors: