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Date Submitted: 03/29/2012 07:05 AM
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...