Acca

Accountant in

Business

Pilot Paper from December 2011 onwards

Time allowed: 2 hours

ALL 50 questions are compulsory and MUST be attempted.

Do NOT open this paper until instructed by the supervisor.

This question paper must not be removed from the examination hall.

The Association of Chartered Certified Accountants

Paper F1

Fundamentals Pilot Paper – Knowledge Module

ALL 50 questions are compulsory and MUST be attempted

Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to

each multiple choice question.

Each question is worth 2 marks.

1

Which of the following are substantive tests used in the context of external audit of financial accounts?

A

B

C

D

2

To

To

To

To

establish whether a figure is correct

investigate why a figure is incorrect

assess whether a figure should be included

determine why a figure is excluded

The following are four styles of management identified by Blake and Mouton:

1.

2.

3.

4.

Team

Middle of the road

Country club

Authoritarian

Which of the following are the most task efficient managerial styles as suggested by Blake and Mouton?

A

B

C

D

3

and

and

and

and

3

4

4

3

In relation to the management of conflict, which of the following approaches will maximise the prospect of

consensus?

A

B

C

D

4

1

2

1

2

Acceptance

Negotiation

Avoidance

Assertiveness

Darragh has been appointed to the management team of a professional football club. His role includes coaching,

mentoring and counselling young players who have just signed contracts with the club for the first time.

The following are his main activities:

1

2

3

4

Helping the young players to settle in during their first week

Identifying each player’s key skills and encouraging them to develop new skills

Advising the players on addressing personal issues, such as managing their finances

Helping the players to anticipate...