分类： 特许公认会计师（ACCA）国际认证资格考试

ACCA F8（International）历年试题大全（2002年-2008年）

包含（2002年-2008年）ACCA F8（International）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；

Fundamentals Level – Skills Module

Audit and Assurance
(International)

ALL FIVE questions are compulsory and MUST be attempted
1 Introduction – audit firm
You are an audit senior in Brennon & Co, a firm providing audit and assurance services. At the request of an audit
partner, you are preparing the audit programme for the income and receivables systems of Seeley Co.
Audit documentation is available from the previous year’s audit, including internal control questionnaires and audit
programmes for the despatch and sales system. The audit approach last year did not involve the use of computerassisted
audit techniques (CAATs); the same approach will be taken this year. As far as you are aware, Seeley’s system
of internal control has not changed in the last year.
Client background – sales system
Seeley Co is a wholesaler of electrical goods such as kettles, televisions, MP3 players, etc. The company maintains
one large warehouse in a major city. The customers of Seeley are always owners of small retail shops, where electrical
goods are sold to members of the public. Seeley only sells to authorised customers; following appropriate credit
checks, each customer is given a Seeley identification card to confirm their status. The card must be used to obtain
goods from the warehouse.
Despatch and sales system
The despatch and sales system operates as follows:
1. Customers visit Seeley’s warehouse and load the goods they require into their vans after showing their Seeley
identification card to the despatch staff.
2. A pre-numbered goods despatch note (GDN) is produced and signed by the customer and a member of Seeley’s
despatch staff confirming goods taken.
3. One copy of the GDN is sent to the accounts department, the second copy is retained in the despatch
department.
4. Accounts staff enter goods despatch information onto the computerised sales system. The GDN is signed.
5. The computer system produces the sales invoice, with reference to the inventory master file for product details
and prices, maintains the sales day book and also the receivables ledger. The receivables control account is
balanced by the computer.
6. Invoices are printed out and sent to each customer in the post with paper copies maintained in the accounts
department. Invoices are compared to GDNs by accounts staff and signed.
7. Paper copies of the receivables ledger control account and list of aged receivables are also available.
8. Error reports are produced showing breaks in the GDN sequence.
Information on receivables
The chief accountant has informed you that receivables days have increased from 45 to 60 days over the last year.
The aged receivables report produced by the computer is shown below:
Number of Range of debt Total debt $ Current $ 1 to 2 More than 2
receivables months old $ months old $
15 Less than $0 (87,253) (87,253)
197 $0 to $20,000 2,167,762 548,894 643,523 975,345
153 $20,001 to 50,000 5,508,077 2,044,253 2,735,073 728,751
23 $50,001 or more 1,495,498 750,235 672,750 72,513
—- ———- ———- ———- ———-
388 9,084,084 3,256,129 4,051,346 1,776,609
—- ———- —- ———- ——————– ——————– ——————–
In view of the deteriorating receivables situation, a direct confirmation of receivables will be performed this year.

ACCA F8（United Kingdom）历年考试真题及答案大全（2002年-2008年）

包含（2002年-2008年）ACCA F8（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；

Audit and Assurance
(United Kingdom)

PART 2
TUESDAY 12 JUNE 2007

QUESTION PAPER
Time allowed 3 hours
This paper is divided into two sections
Section A ALL THREE questions are compulsory and MUST
be answered
Section B TWO questions ONLY to be answered

Section A – ALL THREE questions are compulsory and MUST be attempted
1 Green Ltd grows crops on a large farm according to strict organic principles that prohibits the use of artificial pesticides
and fertilizers. The farm has an ‘organic certification’, which guarantees its products are to be organic. The certification
has increased its sales of flour, potatoes and other products, as customers seek to eat more healthily.
Green Ltd is run by two managers who are the only shareholders. Annual turnover is ￡50 million with a net profit of
5%. Both managers have run other businesses in the last 10 years. One business was closed due to suspected tax
fraud (although no case was ever brought to court).
Green Ltd’s current auditors provide audit services. Additional assurance on business controls and the preparation of
financial statements are provided by a different accountancy firm.
Last year, a neighbouring farm, Black Ltd started growing genetically modified (GM) crops, the pollen from which
blows over Green Ltd’s fields on a regular basis. This is a threat to Green Ltd’s organic status because organic crops
must not be contaminated with GM material. Green Ltd is considering court action against Black Ltd for loss of income
and to stop Black Ltd growing GM crops.
You are an audit partner in Lime & Co, a 15 partner firm of auditors and business advisors. You have been friends
with the managers of Green Ltd for the last 15 years, advising them on an informal basis. The managers of Green Ltd
have indicated that the audit will be put out to tender next month and have asked your audit firm to tender for the
audit and the provision of other professional services.
Required:
(a) Using the information provided, identify and explain the ethical threats that could affect Lime & Co.
(8 marks)
(b) In respect of the going concern concept:
(i) Define ‘going concern’ and state two situations in which it should NOT be applied in the preparation of
financial statements; (3 marks)
(ii) Explain the directors’ responsibilities and the auditors’ responsibilities regarding financial statements
prepared on the going concern principle. (4 marks)
(c) List the audit procedures that should be carried out to determine whether or not the going concern basis is
appropriate for Green Ltd. (5 marks)

ACCA F7（United Kingdom）历年试题大全（2002年-2008年）

包含（2002年-2008年）ACCA F7（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；

Financial Reporting
(United Kingdom)

ALL FIVE questions are compulsory and MUST be attempted
1 On 1 August 2007 Patronic purchased 18 million of a total of 24 million equity shares in Sardonic. The acquisition
was through a share exchange of two shares in Patronic for every three shares in Sardonic. Both companies have
shares with a par value of ￡1 each. The market price of Patronic’s shares at 1 August 2007 was ￡5·75 per share.
Patronic will also pay in cash on 31 July 2009 (two years after acquisition) ￡2·42 per acquired share of Sardonic.
Patronic’s cost of capital is 10% per annum. The reserves of Sardonic on 1 April 2007 were ￡69 million.
Patronic has held an investment of 30% of the equity shares in Acerbic for many years.
The summarised profit and loss accounts for the three companies for the year ended 31 March 2008 are:
Patronic Sardonic Acerbic
￡’000 ￡’000 ￡’000
Turnover 150,000 78,000 80,000
Cost of sales (94,000) (51,000) (60,000)
——– ——- ——-
Gross profit 56,000 27,000 20,000
Distribution costs (7,400) (3,000) (3,500)
Administrative expenses (12,500) (6,000) (6,500)
——– ——- ——-
Operating profit 36,100 18,000 10,000
Finance costs (note (ii)) (2,000) (900) nil
——– ——- ——-
Profit before tax 34,100 17,100 10,000
Tax (10,400) (3,600) (4,000)
——– ——- ——-
Profit for the year 23,700 13,500 6,000
——– ——- ——-
The following information is relevant:
(i) The fair values of the net assets of Sardonic at the date of acquisition were equal to their carrying amounts with
the exception of property and plant. Property and plant had fair values of ￡4·1 million and ￡2·4 million
respectively in excess of their carrying amounts. The increase in the fair value of the property would create
additional depreciation of ￡200,000 in the consolidated financial statements in the post acquisition period to
31 March 2008 and the plant had a remaining life of four years (straight-line depreciation) at the date of
acquisition of Sardonic. All depreciation is treated as part of cost of sales.
The fair values have not been reflected in Sardonic’s financial statements.
No fair value adjustments were required on the acquisition of Acerbic.
(ii) The finance costs of Patronic do not include the finance cost on the deferred consideration.
(iii) Prior to its acquisition, Sardonic had been a good customer of Patronic. In the year to 31 March 2008, Patronic
sold goods at a selling price of ￡1·25 million per month to Sardonic both before and after its acquisition. Patronic
made a profit of 20% on the cost of these sales. At 31 March 2008 Sardonic still held stock of ￡3 million (at
cost to Sardonic) of goods purchased in the post acquisition period from Patronic.
(iv) The goodwill of Sardonic should be amortised over a nine-year life with time apportionment in the year of
acquisition. The goodwill in Acerbic was deemed to have an indefinite life and was not impaired at 31 March
2008.
(v) All items in the above profit and loss accounts are deemed to accrue evenly over the year.
(vi) Ignore deferred tax.

ACCA F8（International）历年试题大全（2002年-2008年）

包含（2002年-2008年）ACCA F8（International）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；

Fundamentals Level – Skills Module

Audit and Assurance
(International)

ALL FIVE questions are compulsory and MUST be attempted
1 Introduction – audit firm
You are an audit senior in Brennon & Co, a firm providing audit and assurance services. At the request of an audit
partner, you are preparing the audit programme for the income and receivables systems of Seeley Co.
Audit documentation is available from the previous year’s audit, including internal control questionnaires and audit
programmes for the despatch and sales system. The audit approach last year did not involve the use of computerassisted
audit techniques (CAATs); the same approach will be taken this year. As far as you are aware, Seeley’s system
of internal control has not changed in the last year.
Client background – sales system
Seeley Co is a wholesaler of electrical goods such as kettles, televisions, MP3 players, etc. The company maintains
one large warehouse in a major city. The customers of Seeley are always owners of small retail shops, where electrical
goods are sold to members of the public. Seeley only sells to authorised customers; following appropriate credit
checks, each customer is given a Seeley identification card to confirm their status. The card must be used to obtain
goods from the warehouse.
Despatch and sales system
The despatch and sales system operates as follows:
1. Customers visit Seeley’s warehouse and load the goods they require into their vans after showing their Seeley
identification card to the despatch staff.
2. A pre-numbered goods despatch note (GDN) is produced and signed by the customer and a member of Seeley’s
despatch staff confirming goods taken.
3. One copy of the GDN is sent to the accounts department, the second copy is retained in the despatch
department.
4. Accounts staff enter goods despatch information onto the computerised sales system. The GDN is signed.
5. The computer system produces the sales invoice, with reference to the inventory master file for product details
and prices, maintains the sales day book and also the receivables ledger. The receivables control account is
balanced by the computer.
6. Invoices are printed out and sent to each customer in the post with paper copies maintained in the accounts
department. Invoices are compared to GDNs by accounts staff and signed.
7. Paper copies of the receivables ledger control account and list of aged receivables are also available.
8. Error reports are produced showing breaks in the GDN sequence.
Information on receivables
The chief accountant has informed you that receivables days have increased from 45 to 60 days over the last year.
The aged receivables report produced by the computer is shown below:
Number of Range of debt Total debt $ Current $ 1 to 2 More than 2
receivables months old $ months old $
15 Less than $0 (87,253) (87,253)
197 $0 to $20,000 2,167,762 548,894 643,523 975,345
153 $20,001 to 50,000 5,508,077 2,044,253 2,735,073 728,751
23 $50,001 or more 1,495,498 750,235 672,750 72,513
—- ———- ———- ———- ———-
388 9,084,084 3,256,129 4,051,346 1,776,609
—- ———- —- ———- ——————– ——————– ——————–
In view of the deteriorating receivables situation, a direct confirmation of receivables will be performed this year.

ACCA F8（United Kingdom）历年考试真题及答案大全（2002年-2008年）

包含（2002年-2008年）ACCA F8（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；

Audit and Assurance
(United Kingdom)

PART 2
TUESDAY 12 JUNE 2007

QUESTION PAPER
Time allowed 3 hours
This paper is divided into two sections
Section A ALL THREE questions are compulsory and MUST
be answered
Section B TWO questions ONLY to be answered

Section A – ALL THREE questions are compulsory and MUST be attempted
1 Green Ltd grows crops on a large farm according to strict organic principles that prohibits the use of artificial pesticides
and fertilizers. The farm has an ‘organic certification’, which guarantees its products are to be organic. The certification
has increased its sales of flour, potatoes and other products, as customers seek to eat more healthily.
Green Ltd is run by two managers who are the only shareholders. Annual turnover is ￡50 million with a net profit of
5%. Both managers have run other businesses in the last 10 years. One business was closed due to suspected tax
fraud (although no case was ever brought to court).
Green Ltd’s current auditors provide audit services. Additional assurance on business controls and the preparation of
financial statements are provided by a different accountancy firm.
Last year, a neighbouring farm, Black Ltd started growing genetically modified (GM) crops, the pollen from which
blows over Green Ltd’s fields on a regular basis. This is a threat to Green Ltd’s organic status because organic crops
must not be contaminated with GM material. Green Ltd is considering court action against Black Ltd for loss of income
and to stop Black Ltd growing GM crops.
You are an audit partner in Lime & Co, a 15 partner firm of auditors and business advisors. You have been friends
with the managers of Green Ltd for the last 15 years, advising them on an informal basis. The managers of Green Ltd
have indicated that the audit will be put out to tender next month and have asked your audit firm to tender for the
audit and the provision of other professional services.
Required:
(a) Using the information provided, identify and explain the ethical threats that could affect Lime & Co.
(8 marks)
(b) In respect of the going concern concept:
(i) Define ‘going concern’ and state two situations in which it should NOT be applied in the preparation of
financial statements; (3 marks)
(ii) Explain the directors’ responsibilities and the auditors’ responsibilities regarding financial statements
prepared on the going concern principle. (4 marks)
(c) List the audit procedures that should be carried out to determine whether or not the going concern basis is
appropriate for Green Ltd. (5 marks)

ACCA F9历年考试真题及答案大全（2002年-2008年）

包含（2002年-2008年）ACCA F9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；

Financial Management
Thursday 5 June 2008

PART 2
WEDNESDAY 13 JUNE 2007

QUESTION PAPER
Time allowed 3 hours
This paper is divided into two sections
Section A This ONE question is compulsory and MUST be
answered
Section B TWO questions ONLY to be answered
Formulae Sheet, Present Value and Annuity Tables are on
pages 7, 8 and 9.
Do not open this paper until instructed by the supervisor

Section A – This ONE question is compulsory and MUST be attempted
1 The finance director of GTK plc is preparing its capital budget for the forthcoming period and is examining a number
of capital investment proposals that have been received from its subsidiaries. Details of these proposals are as follows:
Proposal 1
Division A has requested that it be allowed to invest ￡500,000 in solar panels, which would be fitted to the roof of
its production facility, in order to reduce its dependency on oil as an energy source. The solar panels would save
energy costs of ￡700 per day but only on sunny days. The Division has estimated the following probabilities of sunny
days in each year.
Number of sunny days Probability
Scenario 1 100 0·3
Scenario 2 125 0·6
Scenario 3 150 0·1
Each scenario is expected to persist indefinitely, i.e. if there are 100 sunny days in the first year, there will be 100
sunny days in every subsequent year. Maintenance costs for the solar panels are expected to be ￡2,000 per month
for labour and replacement parts, irrespective of the number of sunny days per year. The solar panels are expected to
be used indefinitely.
Proposal 2
Division B has asked for permission to buy a computer-controlled machine with a production capacity of 60,000 units
per year. The machine would cost ￡221,000 and have a useful life of four years, after which it would be sold for
￡50,000 and replaced with a more up-to-date model. Demand in the first year for the machine’s output would be
30,000 units and this demand is expected to grow by 30% per year in each subsequent year of production. Standard
cost and selling price information for these units, in current price terms, is as follows:
￡/unit Annual inflation
Selling price 12 4%
Variable production cost 4 5%
Fixed production overhead cost 6 3%
Fixed production overhead cost is based on expected first-year demand.
Proposal 3
Division C has requested approval and funding for a new product which it has been secretly developing, Product RPG.
Product development and market research costs of ￡350,000 have already been incurred and are now due for
payment. ￡300,000 is needed for new machinery, which will be a full scale version of the current pilot plant.
Advertising takes place in the first year only and would cost ￡100,000. Annual cash inflow of ￡100,000, net of all
production costs but before taking account of advertising costs, is expected to be generated for a five-year period. After
five years Product RPG would be retired and replaced with a more technologically advanced model. The machinery
used for producing Product RPG would be sold for ￡30,000 at that time.
Other information
GTK plc is a profitable, listed company with several million pounds of shareholders’ funds, a small overdraft and no
long-term debt. For profit calculation purposes, GTK plc depreciates assets on a straight-line basis over their useful
economic life. The company can claim writing down allowances on machinery on a 25% reducing balance basis and
pays tax on profit at an annual rate of 30% in the year in which the liability arises. GTK plc has a before-tax cost of
capital of 10%, an after-tax cost of capital of 8% and a target return on capital employed of 15%.

特许公认会计师ACCA-F7考前串讲11个讲座录音MP3文件下载

ACCA P2（International）历年试题大全（2002年-2008年）

包含（2002年-2008年）ACCA P2（International）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；

Corporate Reporting
(International)
Tuesday 10 June 2008

Section A – This ONE question is compulsory and MUST be attempted
1 The following draft statements of financial position relate to Ribby, Hall, and Zian, all public limited companies, as at
31 May 2008:
Ribby Hall Zian
$m $m Dinars m
Assets
Non-current assets:
Property, plant and equipment 250 120 360
Investment in Hall 98 – –
Investment in Zian 30 – –
Financial assets 10 5 148
Current assets 22 17 120
—- —- —-
Total assets 410 142 628
—- —- —-
Ordinary shares 60 40 209
Other reserves 30 10 –
Retained earnings 120 80 299
—- —- —-
Total equity 210 130 508
Non-current liabilities 90 5 48
Current liabilities 110 7 72
—- —- —-
Total equity and liabilities 410 142 628
—- —- —-
The following information needs to be taken account of in the preparation of the group financial statements of Ribby:
(i) Ribby acquired 70% of the ordinary shares of Hall on 1 June 2006 when Hall’s other reserves were $10 million
and retained earnings were $60 million. The fair value of the net assets of Hall was $120 million at the date of
acquisition. Ribby acquired 60% of the ordinary shares of Zian for 330 million dinars on 1 June 2006 when
Zian’s retained earnings were 220 million dinars. The fair value of the net assets of Zian on 1 June 2006 was
495 million dinars. The excess of the fair value over the net assets of Hall and Zian is due to an increase in the
value of non-depreciable land. There have been no issues of ordinary shares since acquisition and goodwill on
acquisition is not impaired for either Hall or Zian.
(ii) Zian is located in a foreign country and imports its raw materials at a price which is normally denominated in
dollars. The product is sold locally at selling prices denominated in dinars, and determined by local competition.
All selling and operating expenses are incurred locally and paid in dinars. Distribution of profits is determined by
the parent company, Ribby. Zian has financed part of its operations through a $4 million loan from Hall which
was raised on 1 June 2007. This is included in the financial assets of Hall and the non-current liabilities of Zian.
Zian’s management have a considerable degree of authority and autonomy in carrying out the operations of Zian
and other than the loan from Hall, are not dependent upon group companies for finance.
(iii) Ribby has a building which it purchased on 1 June 2007 for 40 million dinars and which is located overseas.
The building is carried at cost and has been depreciated on the straight-line basis over its useful life of 20 years.
At 31 May 2008, as a result of an impairment review, the recoverable amount of the building was estimated to
be 36 million dinars.
(iv) Ribby has a long-term loan of $10 million which is owed to a third party bank. At 31 May 2008, Ribby decided
that it would repay the loan early on 1 July 2008 and formally agreed this repayment with the bank prior to the
year end. The agreement sets out that there will be an early repayment penalty of $1 million.
(v) The directors of Ribby announced on 1 June 2007 that a bonus of $6 million would be paid to the employees
of Ribby if they achieved a certain target production level by 31 May 2008. The bonus is to be paid partly in
cash and partly in share options. Half of the bonus will be paid in cash on 30 November 2008 whether or not
the employees are still working for Ribby. The other half will be given in share options on the same date, provided
that the employee is still in service on 30 November 2008. The exercise price and number of options will be
fixed by management on 30 November 2008. The target production was met and management expect 10% of
employees to leave between 31 May 2008 and 30 November 2008. No entry has been made in the financial
statements of Ribby.

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:

ACCA P3历年试题大全（2002年-2008年）

包含（2002年-2008年）ACCA P3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；

Business Analysis
Wednesday 11 June 2008

Time allowed
Reading and planning: 15 minutes
Writing: 3 hours
This paper is divided into two sections:
Section A – This ONE question is compulsory and MUST be attempted
Section B – TWO questions ONLY to be attempted

Section A – This ONE question is compulsory and MUST be attempted
The following information should be used when answering question 1.
1 Introduction
AutoFone was established almost twenty years ago at the beginning of the mobile telephone boom. It was formed by
a dynamic Chief Executive Officer (CEO) who still remains a major shareholder of the company.
AutoFone brought two new concepts to the market. Firstly, it established retail shops where customers could go and
handle the products and discuss mobile phone options with trained sales people. Before AutoFone, all mobile
telephones were sold through the customer directly contacting the telephone network provider (like conventional home
land line services) and were generally aimed at business rather than leisure users. Secondly, AutoFone sold products
and services from all the four major network providers licensed by the government to provide telecommunications
services in the country. Previously, customers could only choose products and services from within one network
provider’s range. AutoFone allowed customers to choose products and services across the range of the four providers
and reflected this in the company’s motto ‘ethical advice: the customer’s choice’.
In 1990, AutoFone signed a thirty-year supply contract with each provider. Although, in retrospect, these deals were
on commercially favourable terms for AutoFone, the network providers were happy to agree these deals because none
of them believed that mobile telephones could be successfully sold through retail shops. However, speaking in 2003,
the managing director of one of the networks suggested ‘that AutoFone had got away with incredible profit margins’
when they signed the deals in 1990. The four network providers themselves had re-signed twenty-five year licence
deals with the government in 1995. Under the terms of these deals, licences will be restricted to the four current
providers until their renewal date of 2020.
Retail shops Division
AutoFone currently has 415 shops around the country. To reduce costs most shops are on the edge of (but not in)
the main shopping area of the town they serve. It is usual for AutoFone to sign a fifty-year shop lease in return for
low initial annual rental and a rent-free period at the start of the lease while the company fits out the shop to reflect
AutoFone’s corporate image. In 1997, AutoFone floated on the country’s stock market to assist the funding of further
shops and so continue its organic growth. The national coverage of its shops, the publicity generated by its CEO and
a successful television advertising campaign culminated, in 2005, with it being rated by consumers as one of the top
20 brands in the country.
The CEO of AutoFone established the retail shops along, in his words, ‘entrepreneurial lines’. He regards each shop
as an independent business, having to achieve a profit target but without being closely monitored within these targets.
He believes that the company is ‘about providing opportunity to its employees, providing them with autonomy and
responsibility to achieve their goals. It is not about monitoring them every hour of the day, stifling creativity and
enthusiasm.’ To support this approach, sales staff are given a relatively low basic salary with a substantial element of
profit-related pay linked to the profit targets of the shop. Commission is also paid to sales staff who successfully sell
mobile phone insurance to the customer. Each shop is relatively small, usually employing three or four people.
In recent years the CEO has been increasingly involved in television, sports promotion and charity work. At AutoFone
he has established a strategic planning committee of senior headquarters managers to develop and implement the
company’s business strategy. This committee includes the two longest serving board directors. The strategy still
continues to have at its heart the central business idea of giving independent and impartial advice to customers so
that they can choose the best equipment and network for their needs.
Marketplace trends
Since AutoFone’s arrival into the market, two significant trends have emerged:
(i) The licensed network providers have opened their own retail stores, usually in city centres. AutoFone has reacted
to the opening of these shops by stressing AutoFone’s independence and impartiality. Only at AutoFone can
impartial advice be received on all four competing networks and their supporting services. The CEO now refers
to this as ‘our central business idea’ and, as well as being core to their strategy, it is heavily emphasised in all
their promotional material.

ACCA P4历年考试真题及答案大全（2002年-2008年）

包含（2002年-2008年）ACCA P4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；

Strategic Financial
Management

PART 3
WEDNESDAY 13 JUNE 2007

QUESTION PAPER
Time allowed 3 hours
This paper is divided into two sections
Section A BOTH questions are compulsory and MUST be
answered
Section B TWO questions ONLY to be answered
Formulae sheet, present value, annuity and standard normal
distribution tables are on pages 9, 10, 11 and 12

Section A – BOTH questions are compulsory and MUST be attempted
1 Partsea plc, a UK company, currently exports to a developing country, Hotternia. Hotternia has recently enjoyed a
period of sustained economic growth, and inflation has reduced from 60% per year to 10% per year during the last
three years. Partsea wishes to expand its sales in Hotternia and is considering either foreign direct investment or a
licensing deal with KBD, a large Hotternian company.
Foreign Direct Investment
Foreign direct investment would involve the purchase of an existing competitor in Hotternia, expansion of its facilities
and the introduction of new technologically advanced machinery. A purchase price of 120 million Hotternian dollars
($H) has been agreed for the Hotternian company, in addition to which $H70 million will be needed for expansion
of buildings, and $H35 million for working capital. The purchase of the Hotternian company and the working capital
outlay would take place immediately, the other cash outflows would occur at the end of year 1. The new machinery
will be supplied from the UK parent company at a cost of ￡4 million, has an expected working life of four years, and
will increase the parent company’s pre-tax net cash flow in year 1 by ￡1 million. Tax allowable depreciation is
available in Hotternia on the new machinery on a straight line basis at 25% per year from the beginning of year two.
The existing Hotternian company has fully depreciated its machinery.
Production and sales is expected to be 1 million units at a price of $H150 per unit in the first year as existing
operations continue in the Hotternian company, and 2·5 million units per year for the remainder of Partsea’s five-year
planning horizon. Sales prices are expected to increase after year 1 in line with Hotternian inflation.
At the end of five years the investment, including working capital, is expected to have a total after tax realisable value
of $H150 million.
Variable costs per unit ($H) are expected to be:
Year 1 Year 2
Labour 35·0 28·6
Materials 33·0 32·0
Distribution 8·0 9·0
Variable costs after year 2 are expected to increase in line with inflation in Hotternia for the relevant year.
Fixed costs in year 1 are expected to be $H23 million, increasing to H$40 million in each of years 2-5.
Semi-finished components for the product will be imported from another of Partsea’s subsidiaries in Bottoniland from
year two onwards at a fixed price of 5 Bottoniland tala (Bt) per unit. 25% of this price represents a profit element to
the Bottoniland company.
Licensing
Under a licensing agreement Partsea would permit KBD to manufacture and market its product for an initial period
of four years commencing in year 2. Partsea would sell the ￡4 million new machinery to KBD in year 1, and would
also insist on a maintenance contract for the machinery for which it would charge a fixed rate of ￡500,000 per year.
This is double the expected annual cost of maintenance. Partsea would also supply two members of staff to Hotternia
to monitor quality control. The cost of these staff (salaries and other expenses) is expected to be ￡200,000 per year
in total at current prices.
KBD would pay Partsea a fee of $H20 per unit for the license, increasing after year 2 by the rate of inflation in
Hotternia. KBD expects to sell 2 million units per year. Partsea would not have a legal presence in Hotternia and would
not be liable for Hotternian tax.
Other information:
Exchange rates $H/￡ Bt/￡
Spot 15·80 4·2

ACCA P5历年考试真题及答案大全（2002年-2008年）

包含（2002年-2008年）ACCA P5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；

Performance
Management

PART 3
FRIDAY 9 JUNE 2006

Section A – BOTH questions are compulsory and MUST be attempted
1 The Great Western Cake Company (GWCC) is a well-established manufacturer of specialist flour confectionery
products, including cakes. GWCC sells its products to national supermarket chains. The company’s success during
recent years is largely attributable to its ability to develop innovative products which appeal to the food selectors within
national supermarket chains.
The marketing department of Superstores plc, a national supermarket chain has asked GWCC to manufacture a cake
known as the ‘Mighty Ben’. Mighty Ben is a character who has recently appeared in a film which was broadcast
around the world. The cake is expected to have a minimum market life of one year although the marketing department
consider that this might extend to eighteen months.
The management accountant of GWCC has collated the following estimated information in respect of the Mighty Ben
cake:
(1) Superstores plc has decided on a launch price of ￡20·25 for the Mighty Ben cake and it is expected that this
price will be maintained for the duration of the product’s life. Superstores plc will apply a 35% mark-up on the
purchase price of each cake from GWCC.
(2) Sales of the Mighty Ben cake are expected to be 100,000 units per month during the first twelve months.
Thereafter sales of the Mighty Ben cake are expected to decrease by 10,000 units in each subsequent month.
(3) Due to the relatively short shelf-life of the Mighty Ben cake, management has decided to manufacture the cakes
on a ‘just-in-time’ basis for delivery in accordance with agreed schedules. The cakes will be manufactured in
batches of 1,000. Direct materials input into the baking process will cost ￡7,000 per batch for each of the first
three months’ production. The material cost of the next three months’ production is expected to be 95% of the
cost of the first three months’ production. All batches manufactured thereafter will cost 90% of the cost of the
second three months’ production.
(4) Packaging costs will amount to ￡0·75 per cake. The original costs of the artwork and design of the packaging
will amount to ￡24,000. Superstores plc will reimburse GWCC ￡8,000 in the event that the product is
withdrawn from sale after twelve months.
(5) The design of the Mighty Ben cake is such that it is required to be hand-finished. A 75% learning curve will
apply to the total labour time requirement until the end of month five. Thereafter a steady state will apply with
labour time required per batch stabilising at that of the final batch in month five. The labour requirement for the
first batch of Mighty Ben cakes to be manufactured is expected to be 6,000 hours at ￡10 per hour.
(6) A royalty of 5% of sales revenue (subject to a maximum royalty of ￡1·1 million) will be payable by GWCC to the
owners of the Mighty Ben copyright.
(7) Variable overheads are estimated at ￡3·50 per direct labour hour.
(8) The manufacture of the Mighty Ben cake will increase fixed overheads by ￡75,000 per month.
(9) In order to provide a production facility dedicated to the Mighty Ben cake, an investment of ￡1,900,000 will be
required and this will be fully depreciated over twelve months.
(10) The directors of GWCC require an average annual return of 35% on their investment over 12 months and
18 months.
(11) Ignore taxation and the present value of cash flows.
Note: Learning curve formula:
y = axb
where y = average cost per batch
a = the cost of the initial batch
x = the total number of batches
b = learning index (= -0·415 for 75% learning rate)

ACCA P6（China）历年考试真题及答案大全（2004年-2008年）

包含（2004年-2008年） ACCA P6（China）历年考试真题及答案，文件列表如下：
DDec-2004.PDF、Dec-2005.PDF、Dec-2006.PDF、Dec-2007.PDF、Dec-2008.PDF；
June-2005.PDF、June-2006.PDF、June-2007.PDF、June-2008.PDF；

Advanced Taxation(China)

PART 3
WEDNESDAY 7 JUNE 2006

QUESTION PAPER
Time allowed 3 hours
This paper is divided into two sections
Section A BOTH questions are compulsory and MUST be
answered
Section B TWO questions ONLY to be answered
Tax rates and allowances are on pages 2 – 3

Section A – BOTH questions are compulsory and MUST be attempted
1 Company K is a wholly owned Chinese holding company which was set up by a US multi-national corporation in
2003 for the purpose of overseeing the operations of joint ventures set up in Beijing, Shanghai, Qindgao and
Chengdu. The total investments in China held by Company K amount to RMB1,500,000,000. In 2004, Company
K received a total dividend of RMB3,000,000 from the joint ventures in China.
Company K has employed a team of experienced management to handle the day-to-day management of their equity
interests in the joint ventures. On a needed basis, the management team also provides technical support and training
to the joint ventures. In addition, all sales and marketing activities are centralised at Company K. So far, Company K
has not allocated any expenses incurred for the technical support and training or the sales and marketing activities to
the joint ventures.
In view of the growing business opportunities in China, the general manager of Company K is considering expanding
the business scope of Company K such that Company K will also be engaged in general trading business for goods
produced by some third party manufacturers outside China. In this connection, he called a meeting with his in-house
tax counsel. In the meeting, he was advised that the contemplated trading business would not be allowed under the
relevant Chinese rules and regulations. In addition, he was advised that there were a few tax issues pertaining to the
existing operations, which should be attended to as soon as possible. The general manager was very puzzled and
would like a second opinion with regard to these matters.
Required:
(a) Identify the potential tax issues pertaining to the technical support and training as well as sales and
marketing activities under the existing operations of Company K assuming Company K has not taken into
consideration any tax adjustments from a Chinese tax perspective. (5 marks)
(b) Explain briefly the tax implications of:
(i) the dividend income received in 2004; and (3 marks)
(ii) the expenses of the day-to-day management activities performed with respect to the equity interests in
the joint ventures. (14 marks)
(c) As the joint ventures commenced to make a profit in 2004, the general manager is considering allocating the
expenses incurred for technical support and training, as well as for sales and marketing activities amongst the
joint ventures from 2006 onwards.
Required:
Advise the general manager of the tax implications of this proposal, together with any actions that Company
K should take. (18 marks)
(40 marks)

ACCA P6（United Kingdom）历年试题大全（2003年-2008年）

包含（2003年-2008年）ACCA P6（United Kingdom）历年考试真题及答案，文件列表如下：
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 Taxation
(United Kingdom)
Monday 2 June 2008

Time allowed
Reading and planning: 15 minutes
Writing: 3 hours
This paper is divided into two sections:
Section A – BOTH questions are compulsory and MUST be attempted
Section B – TWO questions ONLY to be attempted
Tax rates and allowances are on pages 3-5

2 You have received the following memorandum from your manager, Irwin Allen.
8
To Tax senior
From Irwin Allen
Date 2 June 2008
Subject John and Maureen Robinson
I had a meeting with John Robinson and his wife Maureen yesterday. They have two children; Will, aged seven
and Penny, aged nine. John and Maureen have made a number of errors in their income tax returns and Maureen
requires advice in connection with her business.
Errors in income tax returns
John inherited a portfolio of quoted shares, an investment property and a large sum of cash in May 2005. Whilst
completing his tax return for 2005/06 he decided to ‘give’ all of the income arising from the shares, property and
cash deposits to his wife for tax purposes. Accordingly, he omitted the income from his own tax return and included
it in that of his wife. He did the same thing in 2006/07.
John has since realised that such a ‘gift’ has no effect for tax purposes and has decided to notify HM Revenue and
Customs (HMRC) of his mistake.
In January 2006 John gave the investment property to Maureen who sold it a week later. The gift to Maureen was
the subject of a legitimate legal conveyance but, after the sale, Maureen gave the sales proceeds to John in
accordance with an agreement they had made prior to the gift. Maureen declared the capital gain of ￡13,470 in
her 2005/06 income tax return.
John has asked us to calculate the additional tax payable as a result of his mistaken declarations to HMRC. A
schedule prepared by John summarising the family’s income for the two tax years 2005/06 and 2006/07 together
with details of the investment property is on your desk. The gain on the sale of the investment property was the
couple’s only capital gain in the last four years.
Maureen’s business
Maureen began trading as Robinson Mapping on 1 November 2005. She registered for value added tax (VAT)
immediately and prepared her first accounts to 30 September 2006. A schedule prepared by Maureen
summarising the results of the business is also on your desk.
Maureen supplies specialised maps to businesses in the leisure industry. All of her customers are registered for VAT.
The business has recoverable input tax of approximately ￡300 per quarter. Despite accounting for VAT on an
annual basis, Maureen is finding the administration of the tax very time consuming and is considering deregistering
unless the amount of administration can be reduced.
Please prepare the following for me.
(a) A calculation of the additional taxes payable by John and Maureen Robinson in respect of the tax years
2005/06 and 2006/07 as a result of disclosing to HMRC the errors in their tax returns.
There’s quite a bit to do here; please ensure that your calculations are clear and logical so that they are easy
to follow. You’ll need to work out the extra tax payable by John on the investment income and compare it with
the tax paid by Maureen (probably a fairly small amount as most if not all of the income will have fallen into
her basic rate band).
Please do not address the issue of interest and penalties for the moment.
(b) Advice for Maureen on her ability to deregister for the purposes of VAT together with the procedure she should
follow and the implications of deregistration. Include details of any alternative strategy that might solve her
problem.
I do not want you to write a letter or to prepare illustrative calculations; just write the necessary paragraphs
for me to incorporate in a letter that will cover a number of other issues.

ACCA P7（International）历年试题大全（2002年-2008年）

包含（2002年-2008年）ACCA P7（International）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 Audit and
Assurance
(International)
Tuesday 3 June 2008

Section A – BOTH questions are compulsory and MUST be attempted
1 You are a senior audit manager in Mitchell & Co, a firm of Chartered Certified Accountants. You are reviewing some
information regarding a potential new audit client, Medix Co, a supplier of medical instruments. Extracts from notes
taken at a meeting that you recently held with the finance director of Medix Co, Ricardo Feller, are shown below:
Meeting notes – meeting held 1 June 2008 with Ricardo Feller
Medix Co is a provider of specialised surgical instruments used in medical procedures. The company is owner
managed, has a financial year ending 30 June 2008, and has invited our firm to be appointed as auditor
for the forthcoming year end. The audit is not going out to tender. Ricardo Feller has been with the company
since January 2008, following the departure of the previous finance director, who is currently taking legal
action against Medix Co for unfair dismissal.
Company background
Medix Co manufactures surgical instruments which are sold to hospitals and clinics. Due to the increased
use of laser surgery in the last four years, demand for traditional metal surgical instruments, which provided
75% of revenue in the year ended 30 June 2007, has declined rapidly. Medix Co is expanding into the
provision of laser surgery equipment, but research and development is at an early stage. The directors feel
confident that the laser instruments currently being designed will eventually receive the necessary licence for
commercial production, and that the laser product will replace surgical instruments as a leading source of
revenue. There is currently one scientist working on the laser equipment, subcontracted by Medix Co on a
freelance basis. The building in which the research is being carried out has recently been significantly
extended by the construction of a large laboratory.
A considerable revenue stream is derived from agents who are not employed by Medix Co. The agents earn
a commission based on the value of sales they have secured for Medix Co during the year. There are many
suppliers into the market and agents are used by all manufacturers as a means of marketing and distributing
their products.
The company’s manufacturing facility is located in another country, where operating costs are significantly
lower. The facility is under the control of a local manager who visits the head office of Medix Co annually for
a meeting with senior management. Products are imported via aeroplane. The overseas plant and equipment
is owned by the company and was constructed 12 years ago specifically for the manufacture of metal surgical
instruments.
The company has a bank overdraft facility and makes use of the facility most months. A significant bank
loan, which will carry a variable interest rate, is currently being negotiated. The terms of the loan will be
finalised once the audited financial statements have been viewed by the bank.
After receiving permission from Medix Co, you held a discussion with the current audit partner of Medix Co, Mick
Evans, who runs a small accounting and audit practice of which he is one of two partners. Mick told you the following:
‘Medix Co has been an audit client for three years. We took over from the previous auditors following a disagreement
between them and the directors of Medix Co over fees. As we are a small practice with low overheads we could offer
lower fees than our predecessors. We could also do the audit very quickly, which pleased the client, as they like to
keep costs as low as possible.
During our audits we have found the internal systems and controls to be quite weak. Despite our recommendations,
there always seemed to be a lack of interest in making improvements to the accounting systems, as this was seen
to be a ‘waste of money’. There have been two investigations by the tax authorities, which we did not deal with, as
we are not tax experts. In the end the directors sorted it all out, and I believe that the tax matter is now resolved.
We never had a problem getting access to accounting books and records. However, the managing director, Jon Tate,
once gave us what he described as ‘the wrong cash book’ by mistake, and replaced it with the ‘proper version’ later
in the day. We never found out why he was keeping two cash books, but cash was an immaterial asset so we didn’t
worry about it too much.
We are resigning as auditors because the work load is too much for our small practice, and as Medix Co is our only
audit client we have decided to focus on providing non-audit services in the future.’

ACCA P7（United Kingdom）历年考试真题及答案大全（2002年-2008年）

包含（2002年-2008年）ACCA P7（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；

Section A – ALL THREE questions are compulsory and MUST be attempted
1 You are an audit manager in Ross & Co, a firm of Chartered Certified Accountants. The principal activity of one of your
audit clients, Murray Ltd, is the manufacture and retail sale of women’s fashions and menswear throughout the capital
cities of Western Europe.
The following financial information has been extracted from Murray’s most recent consolidated accounts:
Year ended 31 March
2007 2006
￡000 ￡000
Turnover 36,367 27,141
——- ——-
Gross profit 22,368 16,624
——- ——-
Profit before tax 5,307 4,405
————– ————–
Fixed assets
Intangible assets
– goodwill 85 85
– trademarks 52 37
Tangible assets 7,577 4,898
Current assets 13,803 9,737
Creditors
Amounts falling due within one year
– trade and other creditors (8,090) (4,385)
——- ——-
Net current assets 5,713 5,352
——- ——-
Total assets less current liabilities 13,427 10,372
Provisions for liabilities and charges (201) (87)
——- ——-
13,226 10,285
————– ————–
Shareholders’ funds 13,226 10,285
————– ————–
In May 2007 Murray purchased 100% of the shareholding of Di Rollo Ltd. Di Rollo manufactures fashion accessories
(for example, jewellery, scarves and bags) in South America that are sold throughout the world by mail order. Murray’s
management is now planning that clothes manufacture will expand into South America and sold into Di Rollo’s mail
order market. Additionally, Di Rollo’s accessories will be added to the retail stores’ product range.
Murray is a member of an ethical trade initiative that aims to improve the employment conditions of all workers
involved in the manufacture of its products. Last week Di Rollo’s chief executive was dismissed following allegations
that he contravened Di Rollo’s policy relating to the environmentally-friendly disposal of waste products. The former
chief executive is now suing Di Rollo for six months’ salary in lieu of notice and a currently undisclosed sum for
damages.
2
7J-GBRPA
Paper 3.1GBR
7J-GBRAA
Paper 3.1GBR

Ross & Co has recently been invited to accept nomination as auditor to Di Rollo. Murray’s management has indicated
that the audit fee for the enlarged Murray group should not exceed 120% of the fee for the year ended 31 March
2007. You have been provided with the following information relating to the acquisition of Di Rollo:
Book Fair value Fair value
value adjustment to the group
￡000 ￡000 ￡000
Di Rollo brand name – – 600
Plant and machinery 95 419 514
Current assets 400 – 400
Current liabilities (648) – (648)
—– —- ——
Net assets at date of acquisition (153) 419 866
—– —-
Goodwill arising on acquisition 859
——
Cash consideration 1,725
————
Required:
(a) Using the information provided, explain the matters that should be considered before accepting the
engagement to audit Di Rollo Ltd’s accounts for the year ending 31 March 2008. (8 marks)
(b) Explain what effect the acquisition of Di Rollo Ltd will have on the planning of your audit of Murray Ltd’s
consolidated accounts for the year ending 31 March 2008.

ACCA F1历年考试真题及答案大全（2002年-2007年）

Section A – This ONE question is compulsory and MUST be attempted
1 The Darby Motor Company manufactures toy cars and was established at the beginning of the twentieth century by
David Darby, whose grandson John Darby still owns the company. The company has grown to employ a total of 2,500
staff with five senior managers and 20 supervisors, each of whom has responsibility for a separate department. A long
established business with a traditional product range, the Darby Motor Company has evolved into a traditional,
bureaucratic, formal type of organisational structure based on rules, procedures and standardisation.
The company has recently experienced problems. Production levels are low and attempts to improve production levels
have been made in all departments, but their supervisors are having problems reaching the expected performance
levels. John Darby has decided to hold a series of meetings with both levels of management. Initially he found that
the supervisors were unhappy with and sceptical about the value of the meetings.
It became apparent that the level of morale of all staff was low. Lack of facilities, pressure of work and uncertain
procedures were the main grievances. There appeared however to be a deeper problem, that of mistrust between the
staff as a whole and senior management. The mistrust was more apparent between the senior management and
supervisors. The reason for this was unclear. In addition, the workforce as a whole regard the supervisors as poor at
managing their departments, disregarding new work practices and required performance standards. The supervisors
said that their position in general was unclear, despite the size of the organisation. There were no clear lines of
authority, command or responsibility which allowed them to make decisions for their departments. Some supervisors
simply regarded themselves as menial and unrecognised, referring to funding shortages, unrealistic targets, little
recognition of their position, no job descriptions and lack of training, all of which are required to meet the new
production levels.
Job security has also become an issue. The changes in production and hoped for improved production levels have
led to rumours of eventual cutbacks in staff. Rumours are especially strong amongst the supervisors. They worry that
they might be replaced by new, younger staff that would be better trained, more adaptable and better able to use
modern production equipment.
The problems have manifested themselves in high labour turnover, in addition to the problems already outlined, was
blamed on low salaries, lack of opportunity for personal advancement and working conditions, which were worse for
some employees than others.
The owners have asked you to examine the problems the supervisors are having in reaching the performance expected
of all staff.
Required:
(a) Explain how Herzberg’s theory of motivation might help to explain the attitude of the supervisors.

Section B – FOUR questions ONLY to be attempted
2 Many writers suggest that organisational success can be predicted.
Required:
Briefly describe the characteristics that according to Peters and Waterman, are common to successful
organisations.
(15 marks)
3 The selection interview remains the primary means through which organisations recruit new employees.
Required:
(a) Explain the purpose of the selection interview. (4 marks)
(b) Explain the advantages and the disadvantages of:
(i) the face to face interview; (6 marks)
(ii) the panel interview. (5 marks)
(15 marks)
4 All business organisations need trained employees, yet individuals learn in different ways.
Required:
(a) Briefly describe the four stages in Kolb’s experiential learning cycle. (4 marks)
(b) Describe the four learning styles identified by Honey and Mumford and their implications for training
programmes. (11 marks)
(15 marks)
5 Motivation is fundamental to the task of management.
Required:
(a) What is meant by a ‘content’ theory of motivation? (5 marks)
(b) What is meant by a ‘process’ theory of motivation? (5 marks)
(c) What is meant by an ‘equity’ theory of motivation? (5 marks)
(15 marks)

ACCA F2历年考题大全（2002年-2007年）

Section A – ALL 25 questions are compulsory and MUST be attempted.
Please use the Candidate Registration Sheet provided to indicate your chosen answer to each multiple choice question.
Each question within this section is worth 2 marks.
1 Four lines representing expected costs and revenue have been drawn on the following break-even chart:
Which statement is correct?
A Line F represents total variable cost.
B The break-even point occurs at the intersection of lines E and F.
C Line G represents total revenue.
D The break-even point occurs at the intersection of lines G and H.
2 The following diagram depicts a line which relates the quantity demanded (Q) to the selling price (P):
What is the equation of the line?
A P = 25 – 0.000625Q
B P = 25 – 1,600Q
C P = 25 – 1·6Q
D P = 25 – 0·625Q

3 An organisation manufactures a single product which has a variable cost of ￡36 per unit. The organisation’s total
weekly fixed costs are ￡81,000 and it has a contribution to sales ratio of 40%. This week it plans to manufacture
and sell 5,000 units.
What is the organisation’s margin of safety this week (in units)?
A 1,625
B 2,750
C 3,375
D 3,500
4 An organisation has the following total costs at two activity levels:
Activity level (units) 15,000 24,000
Total costs ￡380,000 ￡470,000
Variable cost per unit is constant in this activity range but there is a step up of
￡18,000 in the total fixed costs when the activity exceeds 20,000 units.
What are the total costs at an activity level of 18,000 units?
A ￡404,000
B ￡410,000
C ￡422,000
D ￡428,000
5 The following statements refer to different types of planning within a manufacturing organisation:
(i) Operational planning includes the scheduling of work to be done in the short term.
(ii) Tactical planning includes consideration of ways in which the productivity of the factory workforce could be
improved.
(iii) Strategic planning includes the setting of the organisation’s long term objectives.
Which of the statements are correct?
A (i) and (ii) only
B (i) and (iii) only
C (ii) and (iii) only
D (i), (ii) and (iii)
6 The following statements relate to spreadsheets:
(i) A spreadsheet is the most suitable software for the storage of large amounts of data.
(ii) A spreadsheet consists of rows, columns and cells.
(iii) A forecast profit and loss account could be prepared using a spreadsheet.
Which of the statements are correct?
A (i) and (ii) only
B (i) and (iii) only
C (ii) and (iii) only
D (i), (ii) and (iii)
3 [P.T.O.

ACCA F3历年试题大全（2002年-2007年）

4 A property company received cash for rent totalling $838,600 in the year ended 31 December 2006.
Figures for rent in advance and in arrears at the beginning and end of the year were:
31 December 2005 31 December 2006
$ $
Rent received in advance 102,600 88,700
Rent in arrears (all subsequently received) 42,300 48,400
What amount should appear in the company’s income statement for the year ended 31 December 2006 for rental
income?
A $818,600
B $738,000
C $939,200
D $858,600
5 Which one of the following journal entries is correct according to its narrative?
Debit Credit
$ $
A Mr Smith personal account 100,000
Directors’ remuneration 100,000
Bonus allocated to account of
managing director (Mr Smith)
B Purchases 14,000
Wages 24,000
Repairs to buildings 38,000
Transferring cost of repairs to buildings
carried out by company’s own
employees, using materials
from inventory.
C Discounts allowed 2,800
Discounts received 2,800
Correction of error: discounts
allowed total incorrectly
debited to discounts received
account
D Suspense account 20,000
Rent receivable 10,000
Rent payable 10,000
Correction of error: rent received
credited in error to rent
payable account.
3 [P.T.O.
7J-INTAD
Paper 1.1INT
7J-INTAE
Paper 1.1INT

ACCA F4（China）历年试题大全（2002年-2008年）

ALL TEN questions are compulsory and MUST be attempted
1 In relation to the Civil Procedures Law of China:
(a) explain the rules on territorial jurisdiction of the Chinese people’s court over a civil case against a natural
person and a legal person respectively; (4 marks)
(b) explain the term exclusive jurisdiction; and (3 marks)
(c) describe the types of civil cases which are under the coverage of the exclusive jurisdiction of the court.
(3 marks)
(10 marks)
2 In relation to the Property Law of China:
(a) explain the term ownership; (3 marks)
(b) state the procedural rules for the change of the property rights in immovables; and (3 marks)
(c) state the general rules governing the effectiveness of the creation and assignment of rights in movables.
(4 marks)
(10 marks)
3 In relation to the Labour Contract Law of China:
(a) explain the term open-ended employment contract (i.e. a labour contract without a fixed-period of
employment); and (2 marks)
(b) state the various circumstances under which an open-ended employment contract must be concluded by the
employer and employee. (8 marks)
(10 marks)
4 In relation to the Contract Law of China:
(a) state the various legal remedies for breach of contract; and (6 marks)
(b) state the conditions to be met for a party to be eligible for specific performance as a legal remedy for breach
of contract. (4 marks)
(10 marks)
5 In relation to the Company Law of China:
(a) in the context of the incorporation of a joint stock limited company, explain the terms incorporation by share
offering and incorporation by means of sponsorship; (4 marks)
(b) state the minimum registered capital required for a joint stock limited company; and (3 marks)
(c) state the statutory requirement for capital contributions by the sponsors of a joint stock limited company that
is incorporated by means of sponsorship. (3 marks)
(10 marks)
6 In relation to the Company Law of China:
(a) state the conditions to be met for a shareholder of a limited liability company to transfer his equity to a party
other than the shareholders of this company; and (6 marks)
(b) state the procedures and conditions to be complied with when a court orders the transfer of the equity of a
shareholder of a limited liability company under the enforcement procedures of the law. (4 marks)
(10 marks)
7 In relation to the Enterprise Bankruptcy Law of China:
(a) state the composition of the creditors’ meeting; (2 marks)
(b) state the general conditions to be met for the creditors’ meeting to approve a resolution; and (4 marks)
(c) state the special procedure that can be taken for the creditors’ meeting to approve a resolution involving the
matters on the settlement agreement or the restructuring of an enterprise in the process of bankruptcy
liquidation. (4 marks)
(10 marks)

ACCA F4（English）历年试题大全（2002年-2008年）

ALL TEN questions are compulsory and MUST be attempted
1 In relation to the English legal system explain the following sources of law:
(a) Common law; (6 marks)
(b) Legislation. (4 marks)
(10 marks)
2 In relation to contract law explain the meaning and effect of:
(a) an offer; (4 marks)
(b) an invitation to treat. (6 marks)
(10 marks)
3 In relation to the tort of negligence explain the standard of care owed by one person to another.
(10 marks)
4 In the context of company law explain:
(a) the doctrine of separate personality and its consequences; (6 marks)
(b) the circumstances under which separate personality will be ignored. (4 marks)
(10 marks)
5 In relation to company law explain the meaning of the following:
(a) ordinary shares. (3 marks)
(b) preference shares. (3 marks)
(c) debentures. (4 marks)
(10 marks)
6 In relation to company law distinguish between:
(a) executive directors; (4 marks)
(b) non-executive directors; (3 marks)
(c) shadow directors. (3 marks)
(10 marks)
7 In relation to employment law:
(a) Explain why it is important to distinguish between contracts of service and contracts for services.
(4 marks)
(b) State how the courts decide whether someone is an employee or is self-employed. (6 marks)
(10 marks)
8 Astride entered into a contract with Bild Ltd to construct a wall around the garden of a house she had just purchased.
The wall was to be three metres high to block out a view of a rubbish tip. The wall was due to be finished in May
and Astride entered into another contract with Chris to landscape the garden starting on 1 June.
Bild Ltd finished the wall on 25 May. However when Astride came to examine it for the first time she found that it
was only 2·50 metres high and that the rubbish tip was still visible from the top of her garden.
On 1 June, Chris informed Astride that he was too busy to landscape her garden and that she would have to get
someone else to do it. The only person available, however, will charge Astride ￡500 more than Chris had agreed for
doing the work.
Required:
Analyse the scenario from the perspective of the law of contract, advising Astride:
(a) Whether she can require Bild Ltd to reconstruct the garden wall in order to make it the agreed height, and
if not, what alternative action is available to her. (5 marks)
(b) Whether she can require Chris to undertake the work on the garden, and if not, what alternative action is
available to her. (5 marks)
(10 marks)