Scribd
Upload
10K views4 pages

WWW - Fetsystem.co M: Acca F1 Question Bank

The document contains a sample of 10 multiple choice questions from an ACCA F1 exam question bank. It provides answers to the first 10 questions and directs the user to the fetsystem.com website for the remaining 190 questions and answers. The website advertises free exam preparation resources for various qualifications including IGCSE, O Levels, A Levels, ACCA, IELTS and more. It claims to have users in 190 countries and that all resources are produced by professional educators.

Uploaded by

Muhammad Umar Khan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
10K views4 pages

WWW - Fetsystem.co M: Acca F1 Question Bank

The document contains a sample of 10 multiple choice questions from an ACCA F1 exam question bank. It provides answers to the first 10 questions and directs the user to the fetsystem.com website for the remaining 190 questions and answers. The website advertises free exam preparation resources for various qualifications including IGCSE, O Levels, A Levels, ACCA, IELTS and more. It claims to have users in 190 countries and that all resources are produced by professional educators.

Uploaded by

Muhammad Umar Khan
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 4

www.fetsystem.

co
m [ACCA F1 QUESTION BANK

1. The objectives of which of the following bodies include the establishment of high quality
professional standards in financial reporting and the promotion of convergance of these
standards across frontiers?

a. IFAC
b. IASC
c. IASB
d. ICSA

2. Which of the following may indicate an increased risk of fraud in an organization?

1. High staff turnover


2. Disgruntled unhappy staff
3. Culture of non-compliance with policies and regulations
4. Authoritarian senior management

a. 2,3,4
b. 1,2,3
c. 1,2,4
d. 1,3,4

3. Which of the following is macro-economics the study for?

a. The economy as a whole


b. The local and regional economy
c. The organization as a whole
d. The individual elements that make up the economy

4. Which two production-related functions should be performed by the accounting


department?

a. Calculating production cost variances


b. Preparing a purchase and wages budget
c. Estimating production quantities
d. Making decisions as to which products to make

5. What is the main purpose of financial statements?

a. To communicate information between directors and managers


b. To inform employees about company progress
c. To report information to stakeholders

Page
www.fetsystem.co
m [ACCA F1 QUESTION BANK

6. One model of organizational culture defines four basic types namely Power, Role, Task and
Person cultures.
Which writer proposed this model?

a. Hotsfede
b. Schein
c. Handy
d. Tuckman

‘7. Which of the following is an advantage of a just-in-time (JIT) purchasing strategy?

1. Bottlenecks in supply are avoided


2. Delivery frequency is reduced
3. Inventory holding costs are minimized

a. 1,2,3
b. 1 and 2
c. 3 only
d. 1 and 3

8. Which of the following is a feature of the informal organization?

a. Flexibility
b. Permanency
c. Rigidity

9. Which two of the following are examples of government policies designed to deal with an
increasingly ageing population?

a. Subsidized nursing care


b. Raising the retirement age
c. Increasing the number of university places
d. A reduction in personal taxation

10. Which of the following represents ethical behavior by an accountant?

a. Billing the client for 20 hours when the work took 25 hours to complete
b. Reporting the fraud by the client’s staff to the press or other media
c. Reporting fraud by the client’s staff to the management of the company

Page
www.fetsystem.co
m [ACCA F1 QUESTION BANK

FOR THE REMAINING 190 QUESTIONS AND ANSWERS LOG ON TO

www.fetsystem.com
 REVISION NOTES
 QUESTION BANKS
 FORUMS
 QUIZZES
 CHAT ROOMS
 MOCK EXAMS
 DISCUSSION BOARD

IGCSE, O LEVEL, A LEVEL, CAT, ACCA, IELTS, HIGH


SCHOOL SUBJECTS AND COLLEGE SUBJECTS
 NOC GRANTED BY THE UNIVERSITY OF CAMBRIDGE, ACCA AND IELTS
 USERS IN 190 COUNTRIES
 ALL RESOURCES ARE ORIGNAL WORK PRODUCED BY A TEAM OF PROFESSIONAL
EDUCATORS
 NO SIGN UP NO FEES EVERYTHING IS ABSOLUTELY FREE!

Page
www.fetsystem.co
m [ACCA F1 QUESTION BANK

www.fetsystem.com

Page

You might also like