分类： 特许公认会计师（ACCA）国际认证资格考试（二区）

2014年12月特许公认会计师（ACCA）P7（Int）考试真题及答案

Advanced Audit and
Assurance
(International)
Tuesday 2 December 2008

2 (a) Define the following terms:
(i) Forensic Accounting;
(ii) Forensic Investigation;
(iii) Forensic Auditing. (6 marks)
You are a manager in the forensic investigation department of your audit firm. The directors of a local manufacturing
company, Crocus Co, have contacted your department regarding a suspected fraud, which has recently been
discovered operating in the company, and you have been asked to look into the matter further. You have held a
preliminary discussion with Gita Thrales, the finance director of Crocus Co, the notes of this conversation are shown
below:
Notes of discussion with Gita Thrales
Four months ago Crocus Co shut down one of its five factories, in response to deteriorating market conditions, with
all staff employed at the factory made redundant on the date of closure.
While monitoring the monthly management accounts, Gita performs analytical procedures on salary expenses. She
found that the monthly total payroll expense had reduced by 3% in the months following the factory closure – not
as much as expected, given that 20% of the total staff of the company had been made redundant. Initial
investigations performed last week by Gita revealed that many of the employees who had been made redundant
had actually remained on the payroll records, and salary payments in respect of these individuals were still being
made every month, with all payments going into the same bank account. As soon as she realised that there may
be a fraud being conducted within the company, Gita stopped any further payments in respect of the redundant
employees. She contacted our firm as she is unsure how to proceed, and would like our firm’s specialist department
to conduct an investigation.
Gita says that the senior accountant, Miles Rutland, has been absent from work since she conducted her initial

2015年6月特许公认会计师（ACCA）F4考试真题及答案

Corporate and
Business Law
(English)
Tuesday 2 June 2009

ALL 10 questions are compulsory and MUST be attempted
1 Explain and distinguish between the following terms in relation to the doctrine of precedent in the English legal
system:
(a) ratio decidendi and obiter dictum; (4 marks)
(b) binding precedent and persuasive precedent. (6 marks)
(10 marks)
2 (a) In relation to the law of contract, define and explain consideration. (3 marks)
(b) Explain the following statements regarding consideration:
(i) consideration must be sufficient but does not have to be adequate; (3 marks)
(ii) past consideration is not good consideration. (4 marks)
(10 marks)
3 In relation to the law of contract, distinguish between and explain the effect of:
(a) a term and a mere representation; (3 marks)
(b) express and implied terms, paying particular regard to the circumstances under which terms may be implied
in contracts. (7 marks)
(10 marks)
4 In relation to company law, explain:

7 In relation to employment law, explain the meaning of redundancy and the rules that govern it.
(10 marks)
8 In January 2008 Arti entered in a contractual agreement with Bee Ltd to write a study manual for an international
accountancy body’s award. The manual was to cover the period from September 2008 till June 2009, and it was a
term of the contract that the text be supplied by 30 June 2008 so that it could be printed in time for September. By
30 May, Arti had not yet started on the text and indeed he had written to Bee Ltd stating that he was too busy to
write the text.
Bee Ltd was extremely perturbed by the news, especially as it had acquired the contract to supply all of the
accountancy body’s study manuals and had already incurred extensive preliminary expenses in relation to the
publication of the new manual.
Required:
In the context of the law of contract, advise Bee Ltd whether they can take any action against Arti.
(10 marks)
9 Clean Ltd was established some five years ago to manufacture industrial solvents and cleaning solutions, and Des
was appointed managing director.
The company’s main contract was with Dank plc a large industrial conglomerate.
In the course of its research activity, Clean Ltd’s scientists developed a new super glue. Des was very keen to pursue
the manufacture of the glue but the board of directors overruled him and decided that the company should stick to
its core business.
The managing director of Dank plc is a friend of Des’s and has told him that Dank plc will not be renewing its contract
with Clean Ltd as he is not happy with its performance. He also told Des that he would be happy to continue to deal
with him, if only he was not linked to Clean Ltd.
Following that discussion Des resigned from his position as managing director of Clean Ltd and set up his own
company, Flush Ltd which later entered into a contract with Dank plc to replace Clean Ltd. Flush Ltd also

2015年6月ACCA F5考试真题及答案

Performance
Management
Monday 8 June 2009

ALL FIVE questions are compulsory and MUST be attempted
1 Yam Co is involved in the processing of sheet metal into products A, B and C using three processes, pressing,
stretching and rolling. Like many businesses Yam faces tough price competition in what is a mature world market.
The factory has 50 production lines each of which contain the three processes: Raw material for the sheet metal is
first pressed then stretched and finally rolled. The processing capacity varies for each process and the factory manager
has provided the following data:
Processing time per metre in hours
Product A Product B Product C
Pressing 0·50 0·50 0·40
Stretching 0·25 0·40 0·25
Rolling 0·40 0·25 0·25
The factory operates for 18 hours each day for five days per week. It is closed for only two weeks of the year for
holidays when maintenance is carried out. On average one hour of labour is needed for each of the 225,000 hours
of factory time. Labour is paid $10 per hour.
The raw materials cost per metre is $3·00 for product A, $2·50 for product B and $1·80 for product C. Other factory
costs (excluding labour and raw materials) are $18,000,000 per year. Selling prices per metre are $70 for product
A, $60 for product B and $27 for product C.
Yam carries very little inventory.
Required:
(a) Identify the bottleneck process and briefly explain why this process is described as a ‘bottleneck’.
(3 marks)

2015年6月特许公认会计师（ACCA）F6考试真题及答案

Taxation
(United Kingdom)
Monday 1 June 2009.

ALL FIVE questions are compulsory and MUST be attempted
1 Domingo, Erigo and Fargo Gomez are three brothers. The following information is available for the tax year 2008–09:
Domingo Gomez
(1) Domingo is aged 67.
(2) During the tax year 2008-09 he received the state pension of £4,500 and a private pension of £2,300.
(3) In addition to his pension income Domingo received building society interest of £14,400 and interest of £600
on the maturity of a savings certificate from the National Savings and Investments Bank during the tax year
2008–09. These were the actual cash amounts received.
(4) During the tax year 2008–09 Domingo made donations of £300 (gross) to local charities. These were not made
under the gift aid scheme.
Erigo Gomez
(1) Erigo is aged 56.
(2) He is employed as a business journalist by Economical plc, a magazine publishing company. During the tax year
2008–09 Erigo was paid a gross annual salary of £36,000.
(3) During the tax year 2008–09 Erigo used his private motor car for business purposes. He drove 18,000 miles in
the performance of his duties for Economical plc, for which the company paid an allowance of 20 pence per
mile.
(4) During June 2008 Economical plc paid £11,400 towards the cost of Erigo’s relocation when he was required to
move his place of employment. Erigo’s previous main residence was 140 miles from his new place of
employment with the company. The £11,400 covered the cost of disposing of Erigo’s old property and of
acquiring a new property.
(5) Erigo contributed 6% of his gross salary of £36,000 into Economical plc’s HM Revenue and Customs’ registered
occupational pension scheme.

2015年6月特许公认会计师（ACCA）F7考试真题及答案

2 The following trial balance relates to Pricewell at 31 March 2009:
$’000 $’000
Leasehold property – at valuation 31 March 2008 (note (i)) 25,200
Plant and equipment (owned) – at cost (note (i)) 46,800
Plant and equipment (leased) – at cost (note (i)) 20,000
Accumulated depreciation at 31 March 2008
Owned plant and equipment 12,800
Leased plant and equipment 5,000
Finance lease payment (paid on 31 March 2009) (note (i)) 6,000
Obligations under finance lease at 1 April 2008 (note (i)) 15,600
Construction contract (note (ii)) 14,300
Inventory at 31 March 2009 28,200
Trade receivables 33,100
Bank 5,500
Trade payables 33,400
Revenue (note (iii)) 310,000
Cost of sales (note (iii)) 234,500
Distribution costs 19,500
Administrative expenses 27,500
Preference dividend paid (note (iv)) 2,400
Equity dividend paid 8,000
Equity shares of 50 cents each 40,000
6% redeemable preference shares at 31 March 2008 (note (iv)) 41,600
Retained earnings at 31 March 2008 4,900
Current tax (note (v)) 700
Deferred tax (note (v)) 8,400
–––––––– ––––––––
471,700 471,700
–––––––– ––––––––

2014年6月、12月ACCA F6（United Kingdom）考试真题及答案

Taxation
(United Kingdom)
Monday 2 June 2008

National insurance contributions
(not contracted out rates)
%
Class 1 Employee £1 – £5,225 per year Nil
£5,226 – £34,840 per year 11·0
£34,841 and above per year 11·0
Class 1 Employer £1 – £5,225 per year Nil
£5,226 and above per year 12·8
Class 1A 12·8
Class 2 £2·20 per week
Class 4 £1 – £5,225 per year Nil
£5,226 – £34,840 per year 8·0
£34,841 and above per year 1·0
Rates of interest
ALL FIVE questions are compulsory and MUST be attempted
1 Sam and Kim White are a married couple. Sam is aged 36 and Kim is aged 38. The following information is available
for the tax year 2007–08:
Sam White
(1) Sam is self-employed running a retail clothing shop. His profit and loss account for the year ended 5 April 2008
is as follows:
Note £ £
Gross profit 140,300
Depreciation 7,600
Motor expenses 2 8,800
Patent royalties 3 700
Professional fees 4 1,860
Other expenses 5 71,340
–––––––
(90,300)
––––––––
Net profit 50,000
––––––––
(2) During the year ended 5 April 2008 Sam drove a total of 25,000 miles, of which 5,000 miles were driven when
he visited his suppliers in Europe. The balance of the mileage is 25% for private journeys and 75% for business
journeys in the United Kingdom.
(3) During the year ended 5 April 2008 Sam paid patent royalties of £700 (gross) in respect of specialised
technology that he uses when altering clothes for customers.
(4) The figure for professional fees consists of £1,050 for legal fees in connection with an action brought against a
supplier for breach of contract and £810 for accountancy. Included in the figure for accountancy is £320 in
respect of personal capital gains tax advice for the tax year 2006–07.
(5) The figure for other expenses of £71,340 includes £560 for gifts to customers of food hampers costing £35 each
and £420 for gifts to customers of pens carrying an advertisement for the clothing shop costing £60 each.
(6) Sam uses one of the eight rooms in the couple’s private house as an office for when he works at home. Th
running costs of the house for the year ended 5 April 2008 were £5,120. This cost is not included in th
and loss account expenses of £90,300.
(7) Sam uses his private telephone to make business telephone calls. The total cost of the private telephone
year ended 5 April 2008 was £1,600, and 25% of this related to business telephone calls. The cost of the
telephone is not included in the profit and loss account expenses of £90,300.
(8) During the year ended 5 April 2008 Sam took goods out of the clothing shop for his personal use without
for them and no entry has been made in the accounts to record this. The goods cost £820, and had a
price of £1,480.
(9) The tax written down values for capital allowance purposes at 6 April 2007 were as follows:
£
General pool 14,800
Expensive motor car 20,200
The expensive motor car is used by Sam.
Kim White

2015年6月特许公认会计师（ACCA）F9考试真题及答案

Financial Management
Thursday 4 June 2009

2 PV Co is evaluating an investment proposal to manufacture Product W33, which has performed well in test marketing
trials conducted recently by the company’s research and development division. The following information relating to
this investment proposal has now been prepared.
Initial investment $2 million
Selling price (current price terms) $20 per unit
Expected selling price inflation 3% per year
Variable operating costs (current price terms) $8 per unit
Fixed operating costs (current price terms) $170,000 per year
Expected operating cost inflation 4% per year
The research and development division has prepared the following demand forecast as a result of its test marketing
trials. The forecast reflects expected technological change and its effect on the anticipated life-cycle of Product W33.
Year 1 2 3 4
Demand (units) 60,000 70,000 120,000 45,000
It is expected that all units of Product W33 produced will be sold, in line with the company’s policy of keeping no
inventory of finished goods. No terminal value or machinery scrap value is expected at the end of four years, when
production of Product W33 is planned to end. For investment appraisal purposes, PV Co uses a nominal (money)
discount rate of 10% per year and a target return on capital employed of 30% per year. Ignore taxation.
Required:
(a) Identify and explain the key stages in the capital investment decision-making process, and the role of
investment appraisal in this process. (7 marks)
(b) Calculate the following values for the investment proposal:
(i) net present value;
(ii) internal rate of return;
(iii) return on capital employed (accounting rate of return) based on average investment; and
(iv) discounted payback period. (13 marks)
(c) Discuss your findings in each section of (b) above and advise whether the investment proposal is financially
acceptable. (5 marks)
(25 marks)

2015年6月特许公认会计师（ACCA）P1考试真题及答案

Professional
Accountant
Monday 8 June 2009

Section B – TWO questions ONLY to be attempted
2 In a major policy speech, Government finance minister Mrs Wei Yttria said that the audit and assurance industry’s
work should always be judged by the effect it has on public confidence in business. She said that it was crucial that
professional services such as audit and assurance should always be performed in the public interest and that there
should be no material threats to the assurer’s independence. Enron and other corporate failures happened, she said,
because some accountants didn’t understand what it was to act in the public interest. She stressed that it was
important that firms should not provide more than one service to individual clients. If a firm audited a client then, she
said, it shouldn’t provide any other services to that client.
Mr Oggon Mordue, a financial journalist who had worked in audit and assurance for many years, was in the audience.
He suggested that the normal advice on threats to independence was wrong. On the contrary in fact, the more services
that a professional services firm can provide to a client the better, as it enables the firm to better understand the client
and its commercial and accounting needs. Mrs Yttria disagreed, saying that his views were a good example of
professional services firms not acting in the public interest.
Mr Mordue said that when he was a partner at a major professional services firm, he got to know his clients very well
through the multiple links that his firm had with them. He said that he knew all about their finances from providing
audit and assurance services, all about their tax affairs through tax consulting and was always in a good position to
provide any other advice as he had acted as a consultant on other matters for many years including advising on
mergers, acquisitions, compliance and legal issues. He became very good friends with the directors of client
companies, he said. The clients, he explained, also found the relationship very helpful and the accounting firms did
well financially out of it.
Another reporter in the audience argued with Mr Mordue. Ivor Nahum said that Mr Mordue represented the ‘very
worst’ of the accounting profession. He said that accounting was a ‘biased and value laden’ profession that served
minority interests, was complicit in environmental degradation and could not serve the public interest as long as it
primarily served the interests of unfettered capitalism. He said that the public interest was badly served by accounting,
as it did not address poverty, animal rights or other social injustices.

2015年6月特许公认会计师（ACCA）P2考试真题及答案

Corporate Reporting
(International)
Tuesday 9 June 2009

(ii) On 1 June 2007, Bravado acquired 6% of the ordinary shares of Mixted. Bravado had treated this investment
as available-for-sale in the financial statements to 31 May 2008 but had restated the investment at cost on
Mixted becoming a subsidiary. On 1 June 2008, Bravado acquired a further 64% of the ordinary shares of
Mixted and gained control of the company. The consideration for the acquisitions was as follows:
Holding Consideration
$m
1 June 2007 6% 10
1 June 2008 64% 118
––––– ––––
70% 128
––––– ––––
Under the purchase agreement of 1 June 2008, Bravado is required to pay the former shareholders 30% of the
profits of Mixted on 31 May 2010 for each of the financial years to 31 May 2009 and 31 May 2010. The fair
value of this arrangement was estimated at $12 million at 1 June 2008 and at 31 May 2009 this value had not
changed. This amount has not been included in the financial statements.
At 1 June 2008, the fair value of the equity interest in Mixted held by Bravado before the business combination
was $15 million and the fair value of the non-controlling interest in Mixted was $53 million. The fair value of
the identifiable net assets at 1 June 2008 of Mixted was $170 million (excluding deferred tax assets and
liabilities), and the retained earnings and other components of equity were $55 million and $7 million
respectively. There had been no new issue of share capital by Mixted since the date of acquisition and the excess
of the fair value of the net assets is due to an increase in the value of property, plant and equipment (PPE).
The fair value of the PPE was provisional pending receipt of the final valuations for these assets. These valuations
were received on 1 December 2008 and they resulted in a further increase of $6 million in the fair value of the
net assets at the date of acquisition. This increase does not affect the fair value of the non-controlling interest.
PPE is depreciated on the straight-line basis over seven years. The tax base of the identifiable net assets of Mixted
was $166 million at 1 June 2008. The tax rate of Mixted is 30%.
(iii) Bravado acquired a 10% interest in Clarity, a public limited company, on 1 June 2007 for $8 million. The

2015年6月特许公认会计师（ACCA）P3考试真题及答案

Business Analysis
Wednesday 10 June 2009

When Xsys has completed the construction of the computer it arranges for the international logistics company EIM to
deliver the machine to greenTech for testing. After acceptance testing the machine, greenTech e-mails the customer,
agrees a delivery date and arranges for delivery by courier.
Recent feedback from customers suggests that missing promised delivery dates is their biggest complaint. This is
because the delivery date agreed early in the order process cannot necessarily be matched by Xsys when it actually
receives the confirmed order. Figure 4 shows the process involved.
Required:
(a) Evaluate the current strategic position of greenTech using a SWOT analysis. (12 marks)
(b) The panel selected the proposal of Professor Ag Wan as the winning proposal.
Write a briefing paper evaluating the three proposals and justifying the selection of the proposal of Professor
Ag Wan as the best strategic option for greenTech to pursue.
Note: requirement (b) includes 2 professional marks. (20 marks)
(c) (i) Identify deficiencies in the current Internet-based process for ordering and configuring fully assembled
green computers. Recommend a new process, together with its implications, for remedying these
deficiencies. (10 marks)
(ii) The board is determined to link strategy with current and future processes.
Analyse the relationship between process design and strategic planning using the context of greenTech
to illustrate your analysis.
Note: requirement (c)(ii) includes 2 professional marks. (8 marks)
(50 marks)