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1、2022年 ACCA/CAT历模拟考试题和解答姓名:年级:学号:题型选择题填空题解答题判断题计算题附加题总分得分评卷人得分1 x (b)Briefly desc r i be the w ay in w hic h a person spec i f i c at ion differs from a job desc r i pt i on.(3 marks)正确答案：Part(b):IThe d i fferenc e betw een a person spec ific ation and a job desc r i pt i on i s that a personspec if
2、ic at i on sets ou t the qu a I it ies of an idea ILJc and i date w hereas a job desc r i pt i on def i nes the du t i es and respons i b iI i t i es of the job.2、(i i i)the w arranty prov ision.(3 marks)正确答案：(i i i)Warranty prov ision：A gree the princ ipal assu mpt i ons i n management,s estimate o
3、f I i ab i Ii t i es u nder w ar rant i esto the terms of w arranty as set ou t in c ontrac ts for saIe of v ehic le.For ex ample:-the per i od for w hic h w arrant i es are giv en;-w hether for parts rep Iac ement on Iy or parts and Iabou r;-ex c I u s ion c I au ses,perhaps for v ehic les sold i n
4、to a part i c u I ar market,or u sed i n a spec ifiedi ndu stry (e.g.f i Immak i ng).A gree the reasonab I eness of managementJ s assu mpt i ons i n the c a leu I at i on of the prov i s i on.For ex amp Ie,theproportion of v ehic Ies for w hic h c laims are made w ithin three months,three to six mon
5、ths,sixto n i ne months,etc.Su bstant i ate the ec onomic rea I i ty of the bas i s of management s c a Ic u I at ions.For ex amp I e:I I -agree the nu mber of v ehic les sold eac h month to a su mmary sales report;-agree the c alc u lation of av erage c ost of a repa i r u nder w arranty to job rec
6、 ords;-test c osts of repa i r on a samp I e bas i s(e.g.parts rep I ac ed to pr i c e I i sts and I abou r c hargesto hou rs w orkedI I (per job rec ords)and c harge-ou t rates).1 Cons i der the reasonableness of management s estimate by c ompar i ng:I I-the ac tu aI c ost of after-date repa i rs(s
7、ay for three months)against the appropriateproportion of the prov isionmade;-c u rrent y ear prov ision per v eh i c Ie sold aga i nst pr i or prov i s i on per v ehic le sold.A ssess management s abi I ity to make re I i ab I e estimates i n th i s area by c ompar i ng I ast y ear,s prov ision w it
8、h the二(ac tu al repa i rs u nder w arranty c osts i nc u r red du r i ng the y ear in respec t of sales made i n prev i ou sy ears.Tu tor i a I note:The bas i s of management s estimate may tend to ov erstate or u nderstate theprov i s i on requ i redland shou ld be rev ised ac c ordingly.A gree the
9、 ex tent to w hic h the prov i s ion takes ac c ou nt of(has been redu c ed by)any rec ou rseto su pp I i ers(e.g.i nI I respec t of fau lty parts).For ex ample:I I-by rev iew ing terms of pu rc hases from major su ppl iers;I I-by ex amining rec ords of replac ement parts rec eiv ed free of c harge.
10、3、Sw im Co offers training c ou rses to athletes and has prepared the fol low ing breakev en c hart:$150,000140,000Line130,000120,000/J110,000/Line B100,00090,00080,00070,000/60,000/50,000/40,000/30,000/LineC20,000/10,000/00 100 200 300 400 500 600Number of athletesRequ i red:(a)State the breakev en
11、 saIes rev enu e for Sw im Co and estimate,to the nearest$10,000,thec ompany,s profit if 500 athletes attend a training c ou rse.(2 marks)(b)Us i ng the c hart abov e,ex p lain the c ost and rev enu e stru c tu re of the c ompany.(8 marks)正确答案：(a)Thebreakev ensaIesrev enu eforSw imCoi s$90,000.Thec
12、ompanyJsprof it,tothenearest$10,000,i f500athIetesattendthec ou rse i s$20,000($140,000-$120,000).(Fromthegraph,i t i sc Iearthattheprec i seamou ntw iI Ibenearer$17,000,i.e.$140,000-approx i mate Iy$123,000.)(b)Coststru c tu reFromthec hart,i t i sc IearthatLineCrepresentsf ix edc osts,Li neBrepres
13、entstotaI c ostsandLi neA representstotaI rev enu e.Li neCshow sthat initial Iy,f i x edc ostsare$20,OOOev en i fnoathIetesattendthec ou rse.Th i sI ev e I off i x edc ostsrema i nsthesame i f10OathIetesattendbu tonc ethenu mberofattendees i nc reasesabov ethi sI ev e I,fix edc osts i nc reaseto$40,
14、000.L i neBrepresentstotaI c osts.If1OOathletesattend,totalc ostsare$40,000($400perathlete).Si nc e$20,OOOofth isrelatestofi x edc osts,thevar iablec ostperathIetemu stbe$200.Whenf i x edc ostsstepu pbey ondth i spo intattheI ev e Iof200athletes,totaIc ostsobv iou sIy i nc reaseasw eIlandLi neBc ons
15、equ entIy getsmu c hsteeper.How ev er,s i nc etherearenow200athIetestoabsorbthef i x edc osts,thec ostperathleterema i nsthesameat$400perathIete($80,000/200),ev enthou ghfix edc ostshav edou bled.lf300athIetesattendthec ou rse,totaIc ostperathletebec omes$30Oeac h($90,000/300).Si nc ef i x edc ostsa
16、c c ou ntfor$40,OOOofth i stotaI c ost,v ar i abIec oststotaI$50,000,i.e.$166 67perathIete.So,ec onomi esofsc aI ear i seatth i sI ev e I,asdemonstratedby thefac tthatLi neBbec omesfIatter.A t400athIetes,thegrad i entofthetotaI c osts Ii ne i su nc hangedfrom300athIetesw h i c h i nd ic atesthatthev
17、 ar i abIec ostshav erema i nedthesame.There i snofu rtherc hangeat500athIetes;f i x edandvar i abIec ostsrema i nsteady.Rev enu estru c tu reA sregardstherev enu estru c tu re,itc anbeseenfromLi neA thatforWO-400athIetesthepr i c erema i nsthesameat$300perathIete.How ev er,i f500athIetesattend,thep
18、r ic ehasbeenredu c edasthetotaI rev enu e Ii nebec omesfIatter.$140,000/500meansthatthepr i c ehasgonedow nto$280perathIete.Th i sw asobv iou sIy nec essary to i nc reasethenu mberofattendeesandatth i spoi nt,prof it i smax imi sed.14、4(a)ISA 701 Modific ations to The Independent A u di torJ s Repo
19、rt i nc I u des Su ggested w ordingof mod i fy i ng phrasesfor u se w hen i ssu i ng mod i f i ed reports5.Requ i red:Ex p lain and d i st i ngu i sh betw een eac h of the fol low ing terms:(i)qu alified opinion;(i i)d i sc I aimer of opinion;(i i i)lemphasis of matter paragraph1.(6 marks)正确答案：4 PET
20、RIE COI I (a)Independent au ditor1 s report termsI 1 (i)Qu a I ified opinion-A qu a I ified opinion i s ex pressed w hen the au ditor c onc lu des that anu nqu alified opinion c annot be(ex pressed bu t that the effec t of any disagreement w ith management,or I imitation on sc ope isnot so mater i a
21、 I and perv asiv e as to requ i re an adv erse opinion or a disc i aimer of op i n i on.O(i i)Disc laimer of opinion-A disc laimer of opinion is ex pressed w hen the possibIe effec tof a Iimi tat i on on sc ope i s somater i a I and perv as i v e that the au d i tor has not been ab I e to obta i n s
22、u ff i c i ent appropr i ate au d i tev i denc e and ac c ord i ng IyO i s u nabIe to ex press an opinion on the f i nanc i a I statements.(i i i)Emphasis of matter paragraph-A n au ditor1 s report may be modified by adding an emphasisof matter paragraph to h ighl i ght a matter affec t i ng the f i
23、 nanc i a I statements that i s i nc l u ded i n a note to the f i nanc i a Istatements that moreex tens i v eIy d i sc u sses the matter.Su c h an emphas i s of matter paragraph does not affec t theau ditor s opinion.A nlemphas i s of matter paragraph may a I so be u sed to report matters other tha
24、n those affec ting thef i nanc i a I statementsI I (e.g.if there i s a misstatement of fac t i n other information inc lu ded in doc u ments c onta i n i ngau dited financ iali Istatements).I I (i i i)is c learly distingu ishable from(i)and(i i)bec au se(i)and(i i)affec t the opinionparagraph,w here
25、as(i i i)does not.O (i)and(i i)are d i st i ngu i shabIe by the degree of the i r impac t on the f i nanc ia I statements.In(i)the effec ts of any disagreementlor I imitation on sc ope c an be identified w ith an ex c ept for,opinion.In(i i)the matteris perv asiv e,that is,affec ting the financ ial
26、statements as a w hole.(i i)c an on I y ar i se i n respec t of a I imitation i n sc ope(i.e.i nsu ff i c i ent ev i denc e)that hasa perv asiv e effec t.(i)is not perv asiv e and may a I so ar i se from d i sagreement(i.e.w here there i s su ff ic i ent ev idenc e).5、(b)State,w ith reasons,the prin
27、c ipal additionaI information that shou ld be made av ai IabIefor y ou r rev i ew ofRobson Constru c t i on Co.(8 marks)正确答案：(b)Princ ipal additional information A ny serv ic e c ontrac ts w ith the di rec tors or other members of the management team(e.g.thequ antity su rv ey or).Thesemay c ontain e
28、x it or other sett Iement terms in the ev ent that thei r serv ic es are no longerrequ i red after a takeov er/bu y ou t.IB Pr ior per iod financ ial statements(to 30 Ju ne 2005)disc losing signific ant ac c ou nt i ngpol ic ies and the key assu mptionsI (c onc erning the fu tu re(and other key sou
29、rc es of estimation u nc ertainty)that hav e a signific antr i sk of c au s i ng a material(adju stment to the c arry ing amou nts of assets and liabilities in the y ear to 30 Ju ne 2006.：IFor ex ample,c onc erning:-the ou tc ome on the Sarw ar d i spu te;-estimates for gu arantees/c I aims for rec
30、tific ation;-assu mpt i ons made in estimating c osts to c ompletion(e.g.for i inc reases in c osts of materialsor Iabou r).Tu tor i a I note:Under IA S 1 Presentation of F i nanc i a I Statements the ju dgements made bymanagement that hav e themost signific ant effec t on amou nts rec ogn i sed i n
31、 f i nanc i a I statements(other than thoseinv oIv ing estimations)shou Ida I so be disc i osed.!The most rec ent management ac c ou nts and c ash flow forec asts to assess the qu a I i ty of managementi nformat i on be i ngu sed for dec i s i on-mak i ng and c ontroI.In part i c u I ar,i n prov id
32、i ng Robson w ith the means ofkeeping its c ash flow s w ithin its ov erdraft I imit.I ITu tor i a I note:N ote that Presc ott has su bstantial c ash resou rc es.Therefore Robson s lac k offinanc e might be a reasonIw hy its management are interested in selling the bu siness.!A c opy of the signed b
33、ank agreement for the ov erdraft fac iIity (and any other agreementsw ith financ e prov iders).A ny:-breac hes in debt c ov enants might resu lt in penalties of c ontingent liabilities that Presc ottw ou Id hav e to bear if it ac qu i redIRobson.IB The standard terms of c ontrac ts w ith c u stomers
34、 for c onstru c t i on w orks.In part ic u I ar,for:-gu arantees giv en(e.g.for rec tific ation u nder w arranty);-penalty c Iau ses(e.g.in the ev ent of ov erru ns or non-c ompIetion);-disc laimers(inc lu ding c onditions for inv oking forc e majeu re).Presc ott w i I I w ant to make some a I Iow a
35、nc e for sett Iement of I iabi I it ies arising on c ontrac tsa I ready c omp I eted/i n-progressZlw hen offer i ng a pr i c e for Robson.口Tu torial note:A takeov er might ex c u se Robson from fu Ifi I I ing a c ontrac t.Lega I/c orrespondenc e files dea I ing w ith matters su c h as the c laims of
36、 the res i dents of thehou s i ng dev eIopment andRobson s c laim against Sarw ar Serv ic es Co.A lso,fee notes rendered by RobsonJ s IegaI adv isersshow ing the c osts inc u rred on matters referred to them.Robson*s insu rer5 s c ov er note to determine Robson,s ex posu re to c I a i ms for rec t i
37、 f i c at i onw ork,damages,inju r ies toemploy ees,etc.IB The qu antity su rv ey or s w orking papers for the last qu arter ly c ou nt(presu mably at 31 Marc h2006)and the latestlav aiI able rolling bu dgets.Partic u lar attention shou ld be giv en to loss-making c ontrac ts andc ontrac ts that hav
38、 e not been started.(Presc ott might seek to settle rather than fu lf i I them.)The pattern of tak i ng profitson c ontrac ts w i I I be of interest,for ex ample,to determine the ac c u rac y of the qu antity su rv ey or s estimates.Tu tor i a I note:A regu lar pattern of taki ng too mu c h profit t
39、oo soon might be du e tou nderest imat i ng c osts to c omp Iet i onor be ev idenc e of c ost ov erru ns du e to rec tif ic ation.Ty pe and frequ enc y of c onstru c t i ons u ndertaken.Presc ott i s i nterested i n the bu i I di ng andrefu rbi shment of hoteIs andI I lei su re fac iI ities.Robson s
40、 ex per i enc e in th i s area may not be ex tensiv e.N on-c u rrent asset register show ing I oc at i on of p I ant and equ i pment so that some test c hec k i ngon phy s i c aI ex i stenc e:Imight be u ndertaken(if an agreed-u pon-proc edu re).6、(c)(i)Ex plain the inher itanc e tax (IHT)impl ic at
41、ions and benefits of A lv aro Peloru s v ary ingthe terms of hisfather5 sw ill su c h that part of Ray Peloru s,s estate is left to Vito and Sophie.State thedate by w hic h adeed of v ar iat ion w ou ld need to be made in order for it to be v alid;(3 marks)正确答案：(c)(i)Var iat ion of Ray sw illiThe v
42、ar i at ion by A lv aro of Ray s w ill,su c h that assets are I eft to Vito and Soph i e,w i I I notbe regarded as a gift by A Iv aro.Instead,prov ided the deed states that it i s intended to be effec t i v e for IHT pu rposes,it w i I Ibe as i f Ray had I eft the assetsto the c h i I dren i n h i s
43、 w ill.This strategy,know n as skipping a generation,w i I I hav e no effec t on the IHT du e on Ray sdeath bu t w iI I redu c e the assets ow ned by A lv aro and thu s h i s potent i a I UK IHT Ii ab iIi ty.A deed of v ar i at i on i s moretax eff i c i ent than A Iv aromak i ng gifts to the c hi I
44、dren as su c h gifts w ou I d be PETs and I HT may be du e i f A I v aro w ere tod ie w ithin sev en y ears.The deed of v ar i at i on mu st be entered i nto by 31 Janu ary 2009,i.e.w ithin tw o y ears of thedate of Ray s death.7、2 A ssu me that today s date i s 1 Ju Iy 2005.Jan is aged 45 and singl
45、e.He is of Danish domic i Ie bu t has been w orking in the United Kingdoms i nee 1 May 2004and intends to remain in the UK for the mediu m to long term.A lthou gh Jan w orked briefly inthe UK i n 1986,hehas forgotten how UK tax ation w orks and needs some ass i stanc e before prepar i ng his UK i nc
46、 ometax retu rn.Jan,s salary from 1 May 2004 w as 74,760 per annu m.Jan also has a c ompany c ar-a Jagu arXJ8 w ith a Iist pric eof 42,550 inc lu ding ex tras,and C02 emissions of 242g/km.The c ar w as av ai I able to him from1 Ju Iy 2004.FreepetroI i s prov i ded by the c ompany.Jan has other tax a
47、bIe benef i ts amou nt i ng to 3,965.Jan,s other 2004/05 i nc ome c ompr i ses:D i v i dend i nc ome from UK c ompan i es(c ash rec e i v ed)3,240Interest rec e i v ed on an I SA ac c ou nt 230Interest rec e i v ed on a UK bank ac c ou nt 740Interest remitted from an offshore ac c ou nt(net of 15%w
48、ithholding tax)5,100Inc ome remitted from a v illa in Portu gaI(net of 45%w ithholding tax)4,598The totaI i nterest arising on the offshore ac c ou nt w as 9,000(gross).In addition,Jan hasnot remitted otherPortu gu ese rentaI inc ome arising in the y ear,total Iing a fu rther 1,500(gross).Jan i nfor
49、ms y ou that h i s emp I oy er i s thinking of prov iding him w ith rented ac c ommodat i on w h i I ehe looks for a hou seto bu y.The ac c ommodat i on w ou ld be a tw o bedroom flat,v aIu ed at 155,000 w ith an annu a Iv alu e of 6,000.Itw ou ld be made av ai I able from 6 A u gu st 2005.The c omp
50、any w i I I pay the rent of 600 per monthfor the fi rst s i xmonths.A l I other bills w i I I be paid by Jan.Jan a I so i nforms y ou that he has 25,000 ord i nary shares i n G i I et Ltd(Gil etJ),an u nqu otedUK trad i ng c ompany.Hehas he I d these shares s i nee A u gu st 1986 w hen he bou ght 2,