ACCA历年真题及答案P4-2009D.pdfVIP

Professional Level – Options Module 4 Advanced Financial P Management Thursday 10 December 2009 r e p Time allowed Reading and planning: 15 minutes Writing: 3 hours a This paper is divided into two sections: Section A – BOTH questions are compulsory and MUST be attempted Section B – TWO questions ONLY to be attempted Formulae and tables are on pages 9–13. P Do NOT open this paper until instructed by the supervisor. During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. The Association of Chartered Certified Accountants Section A – BOTH questions are compulsory and MUST be attempted 1 Kodiak Company is a small software design business established four years ago. The company is owned by three directors who have relied upon external accounting services in the past. The company has grown quickly and the directors have appointed you as a financial consultant to advise on the value of the business under their ownership. The directors have limited liability and the bank loan is secured against the general assets of the business. The directors have no outstanding guarantees on the company’s debt. The company’s latest income statement and the extracted balances from the latest statement of financial position are as follows: Income Statement $’000 Financial Position