May 2015 diet: the questions by course

Management Accounting May 2015 · 4 questions

• Objective extras: Section A (multiple choice): From the previous syllabus. An item lists batch, job and service costing as options and tests which method fits a desc...
• Objective 5: From the previous syllabus. Asks which document the purchasing department needs in order to place an order for replenishment of stock.
• Objective 9: From the previous syllabus. Asks which factor may NOT lead to labour turnover.
• Theory 2: Process costs question. Asks for the process accounts, the normal loss account, the abnormal loss account and the abnormal gain account.

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Financial Accounting May 2015 · 17 questions

• Objective 2: From the previous syllabus. Question 2 asks for the sum-of-the-years-digits charge of a vehicle in its second year. Question 11 asks for the approp...
• Objective 4: From the previous syllabus. Each asks for the source of data for the sales day book.
• Objective 5: From the previous syllabus. Both ask for the profit or loss on disposal of a vehicle depreciated at 25% on cost, sold after three years.
• Objective 6: From the previous syllabus. Asks what differs between a sole trader and a company, how equity is described, and which item is not a component of eq...
• Objective 8: From the previous syllabus. Both ask which book of account is a book of prime entry (subsidiary book) as well as a ledger. The answer is the cash b...
• Objective 9: From the previous syllabus. Question 9 asks for the journal that corrects a supplier invoice credited to the supplier and wrongly debited to sales....
• Objective 13: From the previous syllabus. Both ask which error does not affect the balancing of a trial balance.
• Objective 14: From the previous syllabus. Asks which of five items is not an accounting concept.
• Objective 16: From the previous syllabus. Asks for the allowance written back when it is adjusted to 5% of receivables after a bad debt is written off.
• Objective 17: From the previous syllabus. Asks what interest a partner’s capital contribution above the agreed amount earns where there is no agreement, and whic...
• Objective 18: From the previous syllabus. Question 18 asks for the adjusted cash book balance after dishonoured cheques and bank charges. Question 19 asks for th...
• Theory 1: From the previous syllabus. Asks for journal entries to record opening balances and a month of transactions of a trading company.
• Theory 2: From the previous syllabus. Gives a list of ledger balances for a business and asks you to prepare the extended trial balance with the initial tria...
• Theory 3: From the previous syllabus. A trader keeps single-entry books. Gives opening balances and cash book information and asks for the receivables contro...
• Theory 4: From the previous syllabus. Asks for two uses of a trial balance, four errors that make the totals differ, four errors that do not (6 marks), then ...
• Theory 5: From the previous syllabus. A sports club with a stated number of members paying an annual subscription gives its receipts and payments account. As...
• Theory 6: From the previous syllabus. Gives financial data for a company, with revenue, cost of sales, changes in receivables, inventories and payables, a lo...

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Corporate and Business Law May 2015 · 7 questions

• Objective 14: Which is a type of e-contract (shrink-wrap), and an e-contract validly entered into is enforceable. Revise the meaning of an e-contract.
• Theory 1: Two defences available to a defendant in negligence. Revise the defences.
• Theory 2: Explain the term debenture in relation to a company’s securities. Revise the meaning of a debenture and how it differs from a share.
• Theory 3: Two requirements of CAMA for a successful transfer of shares in Zee Ltd. Revise the steps for transfer and worked problem 1.
• Theory 4: Four statutes against bribery, and an explanation of bribery. Revise the offence and the statutes.
• Theory 5: Assignment of an insurance policy, types of assignment, why rights cannot pass by delivery, and when a marine policy is not assignable. Revise assi...
• Theory 6: Two types of bill of exchange. Revise the types of bill.

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Case Study May 2015 · 1 questions

• Theory extras: Advice on risk management strategies: The finance director asked for advice on avoidable or manageable losses. Link each loss to a way of reducing ...

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