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    WWW - Fetsystem.co M: Acca F1 Question Bank

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    Muhammad Umar Khan
    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.

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    WWW - Fetsystem.co M: Acca F1 Question Bank

    Uploaded by

    Muhammad Umar Khan
    9K views4 pages
    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.

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    Acca f1 Question Bank

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    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.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    9K views4 pages

    WWW - Fetsystem.co M: Acca F1 Question Bank

    Uploaded by

    Muhammad Umar Khan
    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.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 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

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