November 2015 diet: the questions by course

Management Accounting November 2015 · 2 questions

• Objective 7: From the previous syllabus. Asks you to use the high-low method to find fixed and variable cost from given figures.
• Theory 3: Pricing issues under FIFO (10 marks) and weighted average (10 marks).

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Financial Accounting November 2015 · 14 questions

• Objective 3: From the previous syllabus. Question 3 asks for the capital of a business from its assets, loan and payables. Question 4 asks for liabilities as a ...
• Objective 9: From the previous syllabus. Gives cash received from customers, cash paid to suppliers and employees, tax paid, the purchase of property, plant and...
• Objective 11: 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 12: From the previous syllabus. Asks which item is not a source document used to update a cash book.
• Objective 14: 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 15: From the previous syllabus. Asks what is prepared to find the equity at the start of a period where there are no proper books of account.
• Objective 18: From the previous syllabus. Both ask which item is not found on the debit column of a trial balance.
• Objective 20: From the previous syllabus. Asks for the rent charged to profit or loss from prepaid rent brought forward, rent paid and accrued rent carried forward.
• Theory 1: From the previous syllabus. Company final accounts questions that state that provisions are to be made for directors’ fees of ₦6,000,000 and audit ...
• Theory 2: From the previous syllabus. Asks for five reasons why the bank statement balance may differ from the cash book balance (5 marks), then an adjusted ...
• Theory 3: From the previous syllabus. Asks for the reducing balance rate for a vehicle with a four-year life and a residual value (2 marks), the charge for t...
• Theory 4: From the previous syllabus. Asks for the total acquisition cost of equipment from a list including a discount, transport, installation, repair cost...
• Theory 5: From the previous syllabus. Asks you to define an intangible non-current asset and give one example. Part (b) is a partnership question.
• Theory 6: From the previous syllabus. Asks you to differentiate between cash, accrual and break-up bases and to state one setback of the cash basis.

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Corporate and Business Law November 2015 · 6 questions

• Theory 1: Four circumstances in which a director must vacate office (8 marks), and two ways shareholders influence the board (5 marks). Revise vacation of of...
• Theory 2: From the Business Law paper set under the previous syllabus. Part (a) asks for four documents filed with the CAC, explained briefly (10 marks). Rev...
• Theory 3: Three fraud offences explained, and three items that amount to fraudulent false accounting. Revise the fraud-related offences.
• Theory 4: Meaning of negligence and its three elements. Revise negligence.
• Theory 5: Three ways by which a contract may be discharged. Revise discharge of a contract.
• Theory 6: The meaning of goods under the Sale of Goods Act. Revise goods.

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Taxation November 2015 · 7 questions

• Theory 1: Assessment of a company that ceased business, with capital allowances and losses
• Theory 2: Particulars of a notice of appeal, appeal against the Tribunal and advice on a disputed assessment
• Theory 3: Computing personal income tax for two years and obtaining a current tax clearance certificate
• Theory 4: Taxing a foreign-based director by days in Nigeria, and the tax authority of an employee with homes in several states
• Theory 5: Features of withholding tax, the relevant authorities, contents of a payment schedule and net withholding tax on dividends
• Theory 6: Basis periods, capital allowances for the first years and tax liabilities of a new company
• Theory 7: Assessable income of a settlement created for three children

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Case Study November 2015 · 1 questions

• Theory extras: Appendices: change tables: The marking keys reward analysis of changes in the financial statements in absolute and percentage terms. Build the same...

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