2025年ACCAF8模拟冲刺卷.docxVIP

2025年ACCAF8模拟冲刺卷

考试时间：______分钟总分：______分姓名：______

Instructions:PleaseanswerALLthequestionsinthespacesprovided.

Question1:

(a)Describetheprincipalobjectivesoffinancialreportingforexternalusers.(4marks)

(b)Explainthequalitativecharacteristicsofusefulfinancialinformationanddiscusstherelationshipbetweenthem.(6marks)

(c)Identifytwoconstraintsonthequalitativecharacteristicsoffinancialinformationandexplainhowtheymightimpacttheinformationprovidedtousers.(6marks)

Question2:

ThefollowingtrialbalanceandadditionalinformationrelatetoPineLtdfortheyearended31December2024:

TrialBalanceasat31December2024

Dr(￡)Cr(￡)

CashatBank45,000

Debtors60,000

PrepaidRent3,000

OfficeFurniture38,000

Machinery100,000

AccumulatedDepreciation-Machinery25,000

ProvisionsforBadDebts2,000

SundryCreditors70,000

LoanPayable50,000

ShareCapital100,000

GeneralReserve15,000

ProfitandLossAccountc/d25,000

40,00040,000

AdditionalInformation:

(i)Rentexpensefortheyearis￡12,000.

(ii)Depreciationonmachineryfortheyearis￡10,000.

(iii)Dividendsof￡5,000weredeclaredandpaidduringtheyear.

(iv)Officefurniturewithacostof￡8,000andaccumulateddepreciationof￡3,000wassoldfor￡6,000cash.

(v)Baddebtswrittenoffduringtheyearamountedto￡1,500.

(vi)Wagesexpenseof￡18,000hasbeenincurredbutnotyetpaidat31December2024.

(vii)Theprovisionforbaddebtswascreatedon31December2023basedon5%ofdebtorsbalance.Nospecificinstructionsaregivenfortheyear-endbalance.

PreparethefollowingforPineLtdfortheyearended31December2024:

(i)Anadjustedtrialbalance.

(ii)Anincomestatement.

(iii)Astatementoffinancialpositionasat31December2024.

(16marks)

Question3:

(a)Explaintheconceptofprudenceasaqualitativecharacteristicoffinancialinformation.Provideanexampleofhowprudencemightbeappliedinaccounting.(5marks