November 2018 diet: the questions by course

Management Accounting November 2018 · 3 questions

• Objective 11: From the previous syllabus. Asks which item is not a composite cost unit used in service costing.
• Objective 16: From the previous syllabus. Asks you to name the three levels of information use: strategic, tactical and operational.
• Theory 1: Stores ledger under FIFO and weighted average, followed by gross profit under the weighted average method.

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Financial Accounting November 2018 · 11 questions

• Objective 1: From the previous syllabus. Asks what the Conceptual Framework does not deal with.
• Objective 4: From the previous syllabus. Gives partners’ capital contributions, a profit-sharing ratio after salaries and interest on capital, or equal sharing ...
• Objective 13: From the previous syllabus. These ask which transactions cause a difference, why a reconciliation is prepared, and which items are or are not recon...
• Objective 15: From the previous syllabus. Asks the entry when a sole trader takes goods for personal use, the basic features of the single-entry system, and the ...
• Objective 16: From the previous syllabus. These ask for the charge or allowance in the statement of profit or loss from receivables figures and a percentage.
• Theory 1: From the previous syllabus. Asks you to prepare a weekly petty cash book with an imprest float of ₦20,000 and columns for postage and telephone, tr...
• Theory 2: From the previous syllabus. A trial balance with credits exceeding debits by ₦1,030,000. Asks for the correcting journals (15 marks) and the suspen...
• Theory 3: From the previous syllabus. Part (a) (6 marks) gives a net worth at the start and end of a year, shares sold and a bank loan put into the business,...
• Theory 4: From the previous syllabus. Gives balances of a company including cash, prepaid insurance, inventory of spare parts, a machine, loan notes and shar...
• Theory 5: From the previous syllabus. Asks for the annual depreciation of a machine with an initial cost, installation cost and estimated output in units for...
• Theory 6: From the previous syllabus. Asks you to open a trader’s books by a journal and pass the following transactions through the journal.

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Taxation November 2018 · 7 questions

• Theory 1: (a) Dr Alade Ogungbemi retired from the service of Oyo State Government after attaining 60 years of age on July 31, 2017. He secured an employment ...
• Theory 2: Tax computation of a telecommunications company
• Theory 3: Advice on ceasing business on 31 December 2017 or 31 March 2018
• Theory 4: Each partner’s income, the basis of assessment and the rules of commencement for a partnership
• Theory 5: (a) Mandy Construction Nigeria Limited is an engineering company incorporated on January 1, 2009, and commenced business the same day. The company ...
• Theory 6: Six considerations that influence when an activity is a trade
• Theory 7: (a) As tax consultants to Aderibigbe and Associates Limited, the managing director of your client brought an assessment notice served on the compan...

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Case Study November 2018 · 1 questions

• Theory extras: Requirement 1: Both ask for performance over several years, five in 2017 and four in 2018, which is horizontal analysis. Plan the technique before ...

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