ACCA - FA - 习题课 -01

/ ACCA /
FA – 总复习（习题部分）
FA - Course Review
(Exercise Questions)
The unexamined life is not worth living.
/ ACCA /
习题讲解 01-
Exercise
Questions 整体解题思路
Review (Exercise Questions)
/ ACCA /
关于 FA 的题目类型
在 FA 的考核当中，我们会把不同的类型题，分为以下几类：
1. “客观事实” – 知否
2. “基本定义与底层逻辑” – 关键词判断
3. “会计计算” – BASE & 指定公式
4. “准则应用” – RISD
Great minds have purpose, others have wishes

Review (Exercise Questions)
/ ACCA /
关于 FA 的题目类型

/ ACCA /
习题讲解 02-
Exercise
Questions 不分章节练习
不分章节练习 / ACCA /
Which of the following calculates a sole trader's net profit for

a period?
A. Closing net assets – drawings – capital introduced – opening
net assets
B. Closing net assets + drawings + capital introduced – opening
net assets
C. Closing net assets – drawings + capital introduced – opening
net assets
D. Closing net assets + drawings – capital introduced – opening
net assets

「Closing net assets + drawings – capital introduced –

opening net assets = net profit.」
Re-arranging the equation:

Opening net assets – drawings + capital introduced + net
profit = closing net assets

Which of the following statements are TRUE about limited

liability companies?
(1)The company exposure to debt and liability is limited
(2)Financial statements must be produced
(3)A company continues to exist regardless of the identity of its
owners
A. 2 and 3 only
B. 1 and 3 only
C. 1, 2 and 3
D. 1 and 2 only

「2 and 3 only」

Annie is a sole trader who does not keep full accounting records.
The following details relate to her transactions with credit
customers and suppliers for the year ended 30 June 20X6.
$
Trade receivables, 1 July 20X5 130,000
Trade payables, 1 July 20X5 60,000
Cash received from customers 686,400
Cash paid to suppliers 302,800
Discounts received 2,960
Contra between payables and receivables ledger 2,000
Trade receivables, 30 June 20X6 181,000
Trade payables, 30 June 20X6 84,000
What figure should appear in Annie's statement of profit or
loss for the year ended 30 June 20X6 for purchases?
$ __________
「$331,760」
$
Trade Payables at 1 July 20X5 60,000
Cash paid to suppliers (302,800)
Discounts received (2,960)
Contra between payables and receivables ledger (2,000)

Purchases (Balancing Figure) 331,760
Trade Payables 30 June 20X6 84,000

At 31 December 20X5 the following require inclusion in a

company's financial statements.
(1)On 1 January 20X5 the company made a loan of $12,000 to an
employee, repayable on 1 January 20X6, charging interest at 2%
per year. On the due date she repaid the loan and paid the whole
of the interest due on the loan to that date
(2)The company paid an annual insurance premium of $9,000 in
20X5, covering the 12 months to 31 August 20X6
(3)In January 20X6 the company received rent from a tenant of
$4,000 covering the six months to 31 December 20X5

For these items, what total figures should be included in the

company's statement of financial position at 31 December
20X5?
A. Current assets: $22,240 Current liabilities: $nil
B. Current assets: $10,000 Current liabilities: $12,240
C. Current assets: $10,240 Current liabilities: $nil
D. Current assets: $16,240 Current liabilities: $6,000


「Current assets: $22,240 Current liabilities: $nil」
Current assets Current liabilities

$ $
(1) Employee Loan 12,000
(1) Loan Interest (12,000 x2%) 240
(2) Prepayment $9,000 x8/12 6,000
(3) Accrued income $4,000 4,000
22,240 Nil

Xena Co has the following working capital ratios:

20X9 20X8
Current ratio 1.2:1 1.5:1
Receivables days 75 days 50 days
Payables days 30 days 45 days
Inventory turnover 42 days 35 days
Which of the following statements about Xena Co is CORRECT?
A. Xena's liquidity and working capital has improved in 20X9
B. Xena is taking longer to pay suppliers in 20X9
C. Xena is suffering from a worsening liquidity position in 20X9
D. Xena is receiving cash from customers more quickly in 20X9
than in 20X8
「C」
Xena Co is suffering from a worsening liquidity position in

20X9 – The current ratio (current assets : current liabilities)
has decreased

Are the following statements true or false? True False
A statement of cash flows prepared using the direct method

produces a different figure to net cash from operating activities
from that produced if the indirect method is used
Rights issues of shares do not feature in a statement of cash flows
A surplus on revaluation of a non-current asset will not appear as

an item in a statement of cash flows
A profit on the sale of a non-current asset will appear as an item

under cash flows from investing activities in a statement of cash
flows
A statement of cash flows prepared using the direct method

produces a different figure to net cash from operating activities
from that produced if the indirect method is used – False
Right issues of shares do not feature in a statement of cash
flows – False
A surplus on revaluation of a non-current asset will not appear
as an item in a statement of cash flows – True
A profit on the sale of a non-current asset will appear as an item
under cash flows from investing activities in a statement of cash
flows – False
The profit on sale will be deducted from the profit before tax in
the operating activities section of the statement of cash flows.
The cash proceeds will appear under investing activities.

A company receives rent from a large number of properties. The total

received in the year ended 30 April 20X6 was $481,200.
The following were the amounts of rent in advance and in arrears at 30
April 20X5 and 20X6.
30 April 20X5 30 April 20X6
$ $
Rent received in advance 28,700 31,200
Rent in arrears (all subsequently received) 21,200 18,400

What amount of rental income should appear in the company's

statement of profit or loss for the year ended 30 April 20X6?
A. $475,900
B. $460,900
C. $501,500
D. $486,500


「475,900」
$
Rent received in advance 30 April 20X5 28,700
Less: rent in arrears 30 April 20X5 (21,200)
Add recent received in year 481,200
Less rent received in advance 30 April 20X6 (31,200)
Add rent in arrears 30 April 20X6 18,400
Rental income in statement of profit or loss 475,900

At 30 June 20X5 a company's allowance for receivables was

$39,000. At 30 June 20X6 trade receivables totaled $517,000.
It was decided to write off irrecoverable debts totaling $37,000
and to adjust the allowance for receivables to the equivalent of
5% of the trade receivables.
What figure should appear in the statement of profit or loss
for the year ended 30 June 20X6 for these items?
$ __________

「$22,000」
Irrecoverable debt written off 37,000 debit

Decrease in allowance for receivables 15,000 credit
Expense in statement of profit or loss 22,000 debit
Workings:
Trade receivables 30 June 20X6 (517,000– 37,000) 480,000
Allowance for receivables 5% x 480,000 24,000
Allowance for receivables at 30 June 20X5 39,000
Decrease in allowance for receivables (15,000)

The total of the list of balances in Valley Co's payables ledger

was $438,900 at 30 June 20X6. This balance did not agree
with Valley Co's payables ledger control account balance. The
following errors were discovered:
(1)A contra entry of $980 was recorded in the payables ledger
control account, but not in the payables ledger
(2)The total of the purchase returns daybook was undercast by
$1,000
(3)An invoice for $4,344 was posted to the supplier's account
as $4,434

What amount should Valley Co report in its statement of

financial position as accounts payable at 30 June 20X6?
A. $437,830
B. $439,790
C. $438,010
D. $436,830

「$437,830」
$
List of balances on payable ledger 438,900
(1) Contra (980)
(2) Does not affect list of balances
(3) Error on invoice posting (90)
Reconciled list of balances to control account 437,830
The reconciled balance is reported in statement of financial

position

At 31 December 20X4 a company's capital structure was as

follows:
$
Ordinary share capital 125,000
(500,000 shares of $0.25 each)
Share premium account 100,000
In the year ended 31 December 20X5 the company made a
rights issue of one share for two held at $1 per share and this
was taken up in full. Later in the year the company made a
bonus issue of one share for every five held, using the share
premium account for the purpose.

What was the company's capital structure at 31 December

20X5?
A. Ordinary share capital: $450,000
Share premium account: $25,000
B. Ordinary share capital: $212,500
C. Ordinary share capital: $225,000
D. Ordinary share capital: $225,000

「Ordinary share capital: $225,000

Share premium account: $250,000」
Ordinary Share
share premium
capital
No of $ $
shares
At 31 December 500,000 125,000 100,000
20X4
Rights issue 250,000 at 62,500 At $0.75
$0.25 187,500
750,000
Bonus 150,000 at 37,500 (37,500)
$0.25
At 31 December 900,000 ______
20X5 225,000 250,000
The following extracts are from Hassan Co's financial

statements for the year ended 31 December 20X6:
$
Profit before interest and tax 10,200
Interest (1,600)
Taxation (3,300)
Profit for the year 5,300
Share capital 20,000
Other components of equity 15,600
35,600
Loan liability (repayable 20X9) 6,900
42,500
What is Hassan Co's return on capital employed?
__________ %

「24%」
Hassan Co’s capital employed =

Profit before interest and taxation
Capital employed
Capital employed = shareholders equity plus non current
liabilities
= $10,200
$42,500 = 24%

The following control account has been prepared by a trainee

accountant.

What should the closing balance be when all the errors

made in preparing the receivables ledger control account
have been corrected?
A. $302,300
B. $304,300
C. $307,100
D. $395,200

「$307,100」

A company values its inventory of engines using the FIFO (first in,
first out) method. At 1 May 20X5 the company had 700 engines in
inventory, valued at $190 each. During the year ended 30 April
20X6 the following transactions took place:
20X5
1 July Purchased 500 engines at $220 each
1 November Sold 400 engines for $160,000
20X6
1 February Purchased 300 engines at $230 each
15 April Sold 250 engines for $125,000

What is the value of the company's closing inventory of engines

at 30 April 20X6?
A. $188,500
B. $195,500
C. $166,000
D. $176,800

「$188,500」
Date of issue and Quantity Valued issues Cost of

purchase units issues
Sale 1 November 400 400 at $190 76,000
Sale 15 April 250 250 at $190 47,500
Issued 650
Opening 700
inventory
Closing inventory 50 0 50 at $190 9,500
Purchased 1 July 500 500 at $220 110,000
Purchased 1 300 300 at $230 69,000
February
188,500
/ ACCA /
习题讲解 03-
Exercise
Questions 章节练习
章节练习（Part A+B）
/ ACCA /

/ ACCA /
In respect of director ’s responsibilities, which of the

following statements are true or false?
(1) It is the director's responsibility to prevent and detect the
fraud
(2) It is the director's responsibility to ensure the internal
controls are necessary to enable the preparation of financial
statements that are free from material misstatement, whether
due to error or fraud
(3) It is the directors' responsibility to prepare the financial
statements in accordance with appropriate financial reporting
framework

/ ACCA /
A. 1）True 2）True 3）True

B. 1）True 2）False 3）True
C. 1）True 2）True 3）False
D. 1）Falsee 2）True 3）True

/ ACCA /
「A」
董事会的责任：
1. 预防和发现欺诈行为。
2. 确保内控能够为编制真实公允无重大错误的财报提供可靠的
依据。
3. 根据会计准则的要求编制财务报表。

/ ACCA /
Which TWO of the following statements regarding limited

liability company are true?
A. Limited liability is a separate legal entity from its owners
B. Shareholders are responsible for all the company s debt if
it goes bankruptcy
C. Different sources of finance are available for companies
D. Cash out of the company could be seen as either an
expense or a drawing

/ ACCA /
「AC」
Limited liability company是独立的法人实体，与它的owner是

分开的。
股东仅依据自己的持股比例承担有限责任，不需要对公司的全
部债务负责。
公司可以根据自己的需要选择debt finance或者equity finance，
上市公司可向public公开发股，融资渠道相对来说比较多。
limited liability company股东不可以随意撤资，drawing是sole
trade business中才会出现的。

/ ACCA /
Providing timely guidance on the application of IFRSs and

giving advice on financial reporting issues not specifically
addressed in IFRSs is important.
Which one of the following bodies is responsible for these
matters?
A. IFRS Advisory Council
B. IFRS Foundation
C. International Accounting Standards Board
D. IFRS Interpretations Committee

/ ACCA /
「D」
A的功能是咨询
B是监督机构，负责监督其他机构
C是制定会计准则
D是解释准则的应用，提供时效性的建议以及对准则中未单独列
举的报表编制事项进行建议是IFRS Interpretation Committee
的职能

/ ACCA /
Which of the following could be considered a role for

International Financial Reporting Standards?
A. To provide a legally binding framework to be adhered to
internationally.
B. To provide guidance for the preparation of the financial
statements.
C. To ensure all financial information is accurately recorded
and complete.
D. To ensure those standards are fully accepted and followed
internationally.

/ ACCA /
「B」
IFRS并没有法律效应，也无法保证所有的财务报表都有完整且
准确的记录。同时，IFRS只是国际会计准则，为编制报表提供
一定的指引，并不能确保全世界都运用同样的准则。

/ ACCA /
Which of the following qualitative characteristics is indicated

by the review of non-current asset‘s useful life?
A. Comparability
B. Reliability
C. Relevance
D. Timeliness

/ ACCA /
「A」
如果有implication暗示固定资产的剩余使用年限需要review，
那么该类的固定资产都要进行review，反应了comparability中
的横向可比。

/ ACCA /
According to the IASB’s Conceptual Framework Reporting ,

which of the following accounts are related to the statement of
financial position?
1. Prepayment
2. Sales
3. Depreciation
4. Retained earning
5. Long-term borrowings
A. 2,3 and 4 only

B. 1 and 3 only
C. 1,4 and 5 only
D. All of the above
/ ACCA /
「C」
Prepayment属于asset，sales属于income，depreciation属于
expense
Retained earning属于equity，long-term borrowing属于
liability
所以1,4,5都是资产负债表上的科目，2,3都是利润表上的科目

/ ACCA /
习题讲解 03-
Exercise
Questions 章节练习（Part C）
章节练习（Part C）
/ ACCA /

/ ACCA /
Are the following statements true or false?

1.The journal book is used for posing all transactions which are
not recorded in any of the otherbooks of prime entry.
2.Journals are used to adjust ledger accounts.
A. true,true
B. true,false
C. false,true
D. false,false

/ ACCA /
「A」
第一句 journal book是用来记录没有在其他books of prime

entry上出现的经济交易.
第二句 journal book的作用之一就是用来调整账户中出现的错
误的.

/ ACCA /
Which of the following statements about a debit note are correct?

A. It is raised by the purchaser of goods
B. It is informal request for a credit note to be issued
C. It is raised by the seller of goods
D. It is an agreement to sell goods or service

/ ACCA /
「A」
debit note是purchaser请求退货产生的note，是正式的request。

/ ACCA /
What is the purpose of a credit note?

A. To inform a supplier of the wish to apply for credit
B. To increase the amount of a sale if the wrong amount was
charged
C. To inform a customer their request to open a credit account
has been approved
D. To cancel all or part of an invoice

/ ACCA /

/ ACCA /
「D」
credit note的目的就是冲销之前企业之前开给customer的
invoice,就是D的意思.

/ ACCA /
Which books of prime entry should the following transactions be

entered into?
1. The company pays a supplier $800
2. A company receives an invoice for $400 from a supplier
3. Stationery of $20 is purchased for cash
4. The company sends a customer an invoice for $200

/ ACCA /

/ ACCA /
A. 1.Cash book 2. Sale return day book 3. Petty cash book 4.

Purchase day book
B. 1. Purchase day book 2. Cash day book 3. Petty cash book 4.
Sales return day book
C. 1. Cash book 2. Purchase day book 3. Petty cash book 4.
Sales day book
D. 1. Cash book 2. Sale day book 3. Petty cash book
4.Purchase day book

/ ACCA /
「C」
cash book 记得都是和cash相关的交易,第一个,企业已经付了供

应商800,已经把cash付出了.所以就是cash book.
purchase day book 记录的都是有关credit purchase的交易.第二

个,企业收到了supplier的一张invoice,说明企业还欠着supplier
钱没付,对于企业而言就是trade payable.所以就是purchase day
book.

/ ACCA /
Potter had the following asset and liabilities:

31/12/20x7 31/12/20x6
cash 26,000 20,000
trade receivable 35,600 39,700
short-term debt 28,000 12,000
trade payables 23,500 18,900
During the year, Potter made a profit of $35,000,after deduction
of the salary for himself for $7,000. No new capital was
introduced.
How much does Potter withdraw during the year?

/ ACCA /
How much does Potter withdraw during the year?

A. 55,300
B. 60,700
C. 48,300
D. 7,000

/ ACCA /
「B」
withdraw= opening net asset + capital introduced + profit -

closing net asset
closing net asset =26,000+35,600-28,000-23,500=10100
opening net asset=20,000+39,700-12,000-18,900=28800
Withdraw= 28800+35,000+7,000-10100=60,700

/ ACCA /
Golden, a sole trader,had the following assets and liabilities at

the beginning and at the end of this financial year
Total drawings during the year was $270.

What was Golden's profit or loss for the year?

/ ACCA /
What was Golden's profit or loss for the year?

A. $6,330 profit
B. $6,330 loss
C. $5,790 profit
D. $5,790 loss

/ ACCA /
「D」
这个题给出了一些资产和负债的期初期末值以及本期的
drawings，要求的是本期的利润，所以要用
assets=equity+liabilities+profit-drawings来做：
Opening net asset+profit-drawing=Closing net assets
Opening net assets=(34,000+6320+3340)-330=43330
Closing net assets=31000+5760+510=37270
Drawing=270
Profit=37270-43330+270=-5790

/ ACCA /
Which of the following entries might be correct according to the description?

A. Dr PPE $400
Cr Cash $400
$400 for plant maintenance was paid in cash.
B. Dr Discount allowed $80
Cr Cash $80
Give customer trade discount allowed of $80
C. Dr Depreciation expense $400
Cr PPE $400
Depreciation of PPE was $400
D. Dr Cash $200
Cr Bad debt expense $200
Recover $200 from a customer regarding an invoice that previously
written off.

/ ACCA /
「D」
A. $400 for plant maintenance was paid in cash，维修支出应该费

用化，正确分录是：
Dr expense
Cr cash
B. Give customer trade discount allowed of $80 给客户商业折扣会
直接从sales price中减去之后再针对sales入账，不会通过单独的分
录记账，Discount allowed不会作为单独的科目出现在分录中
C. Depreciation of PPE was $400，是记录PPE的折旧，正确分录：
Dr depreciation
Cr accumulated depreciation
D. 正确，这笔坏账that previously written off以前记录过，分录为
Dr Bad debt expense $200 Cr receivables $200，现在Recover
重新收到了钱，所以记录为Dr cash $200 Cr Bad debt expense
$200。
/ ACCA /
A business began operations with $600 in the cash till.During

the first year,all sales were cash sales and $30,000 was
banked.Before making any banking,sundry expenses of $500
per month were paid from the cash till and the owner also
withdrew $200 per month from cash till for living expense.The
cash in the till at the year was $200.
What is the cash sales figure for the year of operations?
$ __________

/ ACCA /
「38000」
Cash till可以理解为库存现金
因此本题可以用公式：
期初库存现金+本期现金销售-本期bank-本期支付的费用-本期
撤资=期末库存现金
注意本期向银行存钱会让库存现金的余额减少
即：600+cash sale-30000-500*12-200*12=200
Cash sale = 38000

/ ACCA /
Which FOUR of the following balances should appear on the

credit side of a trial balance？
A. Trade receivable
B. Sales
C. Loan note
D. Rent income
E. Property, plant and equipment
F. Rent expense
G. Trade payable

/ ACCA /
「BCDG」
可以出现在贷方余额的科目包括capital，liability和income。

/ ACCA /
Which of the following pairs of items should appear on the

same side of a trial balance?
A. Provision and sales
B. Sales return and bank overdraft
C. Trade payables and expense
D. Discount received and prepayment

/ ACCA /
「A」
看科目性质，增加在哪一方，在trial balance中就记在哪一方
A. Provision和sales增加在都在Cr方
B. Sales return记在Dr方，overdraft 增加在Cr方
C. Trade payables增加在Cr方，expense 增加在Dr方
D. Discount received相当于一个income，增加在Cr方，
prepayme

/ ACCA /
The following extracts are from the trial balance of Starb Co

for the year ended 30 September 20X8.
$
Ordinary share capital 120,000
Share premium 34,000
Loan notes 50,000
Overdraft 10,000
Irredeemable preference share capital 23,000
Redeemable preference share capital 76,000
Revaluation surplus 10,000
Retained earnings 35,000
Trade payable 29,000
What amount of equity should be included in statement of
financial position as at 30 September 20X8?
$________
/ ACCA /
「222000」
Ordinary share capital 普通股股本，属于权益

Share premium 股本溢价，属于权益
Loan notes 债券，属于负债
Overdraft 银行透支，属于负债
Irredeemable preference share capital 不可赎回优先股，属于权益
Redeemable preference share capital 可赎回优先股，属于负债
Revaluation surplus 重估增值，属于权益
Retained earnings 未分配利润，属于权益
Trade payable 应付账款，属于负债
Total equity=
$120,000+$34,000+$23,000+$10,000+$35,000=$222,000

/ ACCA /
A has extracted the following balances whist preparing her

trial balance. Unfortunately, she has forgotten to include her
drawing account.
Cash at bank and in hand $50
Receivables $200
Capital $700
Payables $350
Sales $1,800
Purchases $600
Wages $500
Insurance $300
Sales return $30
What amount should be included for drawing in the trial
balance?
$________
/ ACCA /
「1170」
Dr方合计数 50+200+600+500+300+30=1680
Cr方合计数 700+350+1800=2850
Drawing = 2850 – 1680 =1170

/ ACCA /
习题讲解 03-
Exercise
Questions 章节练习（Part D）
章节练习（Part D- Sales）
/ ACCA /
Which TWO of the followings statements are correct relating

to sales tax?
A. Sales tax should be included in the statement of financial
position.
B. If and only if the trader has registered for sales tax, input
sales tax can be used to set against the output sales tax
C. Sales tax should be included in the statement of profit/loss.
D. Sales tax should not be recorded in the financial statement
as the business simply act as a collector on behalf of the
tax authority

/ ACCA /
「AB」
Sales tax应该出现在statement of financial position里，不应该出现在

statement of profit or loss里。只有注册了sales tax的公司，才可以拿
input sales tax来抵扣output sales tax。
Sales tax不会出现在利润表中，只会出现在SOFP中。

/ ACCA /
Sales (excluding sales tax) amounted to $2500, and purchases

(including sales tax) amounted to $1800.
What is the balance on the sales tax account, assuming all
items are subject to sales tax at 20%?
$________ debit/credit

/ ACCA /
「200;credit」
Output tax=2500*20%=500
Input tax=1800/（1+20%）*20%=300
Tax paid =output tax-input tax=500-300=200
题目问的是balance余额，余额就是哪边的金额多，就记在哪一边。余额
是cr方多，就记在credit方

/ ACCA /
Golden company had the following transactions in October 20X7.
Sales during Oct

Cash $ 5800(including sales tax of $270)
Credit $7350(including sales tax of $888)
Interest income $ 1200
Cash received for sales $5215(including sales tax of $583)
made in November
What revenue income should Golden report for October?
A. $17465
B. $15024
C. $13824
D. $13192

/ ACCA /
「D」
本期所有的收入分为三部分：
1、 cash sales=5800-270=5530
2、 Credit sales=7350-888=6462
3、 Interest income=1200
三种收入直接相加就可以
注意：本期收到的11月份的现金与10月份的收入无关，应该记录在11月
份的收入中
5800-270+7350-888+1200=13192

/ ACCA /
On 28 December 20X4 Ming purchased 6000 units of component

X with a retail price of $ 12 per unit. The supplier gave Ming a
$2 per unit trade discount and a further discount of $ 0.5 per
unit if she paid within two months. Although Ming had not paid
for the goods before her year end of 31 December 20X4 she
plans to pay for the goods on 28 January 20X5.

/ ACCA /
What is the correct journal entry to record the purchase of

component X on 28 December 20X4?
A. Dr Purchases $ 57,000
Cr Cash $57,000
B. Dr Purchases $ 72,000
Cr Discount received $12,000
Cr Payables $ 50,000
C. Dr Purchases $ 60,000
D. Dr Purchases $ 72,000

/ ACCA /
「C」
Correct entry: Dr purchase 60,000 Cr trade payable 60,000

Trade discount需要在purchase里被减掉，early settlement
discount在付钱的时候才记账。6,000*(12-2)=60,000

/ ACCA /
Mercy did not keep proper accounting records during the year.
He has the following information:
$
payables at 1 Oct 20X5 45550
cash paid to suppliers 126000
discount received from suppliers 7200
payables at 30 Sep 20x6 34550
What were Mercy's purchase for the year ended 30 September
20X6?
$________

/ ACCA /
「122200」
根据公式Opening payable + credit purchase –cash paid to credit

supplier – discount received = Closing payable
即45550 +credit purchase – 126000-7200=34550
Credit purchase = 122200

章节练习（Part D- Receivable）
/ ACCA /
At 31 December 20X2 a company's receivables totaled $400,000

and an allowance for receivables of $50,000 had been brought
forward from the year ended 31 December 20X1.
It was decided to write off debts totaling $38,000. The
allowance for receivables was to be adjusted to the equivalent
of 10% of the receivables.

/ ACCA /
What charge for receivables expense should appear in the

company's statement of profit or loss for the year ended 31
December 20X2?
A. $74,200
B. $51,800
C. $28,000
D. $24,200

/ ACCA /
「D」
Receivable expense = Bad debt expense + Movement in

allowance
Bad debt expense = $38,000
Closing allowance = (400,000-38,000)*10% = 36,200
Opening allowance = 50,000
Movement in allowance = 36,200-50,000= -$13,800
Receivable expense = 38,000-13,800 = $24,200。

/ ACCA /
Lucy had written off the balance owed to her by Wendy in the
previous financial year. During the current year,Wendy paid the
debt in full.
How would this payment be recorded by Lucy ?
A. Dr Irrecoverable debts expense
Cr Cash
B. Dr Irrecoverable debts expense
Cr Trade receivable
C. Dr Allowance for receivable
Cr Trade receivable
D. Dr Cash
Cr Irrecoverable debts expense

/ ACCA /
「D」
之前企业有一笔坏账已经收不回来了,所以计提坏账的分录是Dr
irrecoverable debt expense Cr trade receivable.
但是后来这个顾客把这笔坏账还回来了.所以要冲销之前做的分
录.Dr trade receivable Cr irrecoverable debt expense .
然后企业收到钱了,分录是Dr cash Cr trade receivable.
结合两者的分录就是D选项。

/ ACCA /
Golden has a profit of $30,000 for the year ended 31 December

20X7 without recording the following items.
Irrecoverable debts of $500
Opening allowance for receivables at 1 January 20X7 was $2,400
The closing allowance needs to be adjusted to $5,300
A $400 invoice previously recongnised as doubtful debts turn out
to be irrecoverable

/ ACCA /
What is the net profit for the year ended 31 December 20X7 after
adjusting for these items?
A. $26,600
B. $29,500
C. $26,200
D. $29,100

/ ACCA /
「C」
1 坏账会减少本年利润，所以坏账费用增加500，利润减少500。
2 之前的doubtful debts变成了irrecoverable，分录为 Dr
allowance for receivable Cr receivable （因为之前计提过坏账准
备，分录为Dr irrecoverable debt expense Cr allowance for
receivable，实际坏账时不会导致坏账费用增加，而是会直接使得
receivable 减少）。因此allowance for receivable期初的金额减
少400
3 Allowance 的变动计入本期的利润，期初坏账准备2400+本期
变动-本期疑账变坏账400=期末坏账准备5300
本期变动movement=$5,300-$2,400+400=$3,300，本期变动为正
数，说明本期费用增加利润减少
Adjusted net profit=$30,000-$500-$3,300=$26,200，答案选C。

/ ACCA /
Golden has been reviewing his accounts receivable and has

decided to increase his allowance for receivables by $200 to $600.
What double entry will Golden need to post in order to account
for this?
A. Dr expenses $200
cr allowance for receivables $200
B. Dr expenses $600
C. Dr allowance for receivables $200
cr expenses $200
D. Dr expenses $400
/ ACCA /
「A」
Increase by $200 是增加了200的意思，所以坏债准备的变动是

200
对于allowance，只需要记录本期的变动，也就是本期的增加或是
减少
本期增加了200
增加200的费用，同时增加200的allowance for receivables

/ ACCA /
Rachkit had a receivables allowance of $50,000 at 31

December20X7.At 31 December 20X8 trade receivables totaled
$970,000.It has been decided to write off debts totalling
$10,000and to adjust the allowance for receivable to 10% of trade
receivables at 31 December20X8.
What figure should appear for trade receivables in the statement
of financial position as at 31 December 20X8?
$________

/ ACCA /
「864000」
本题说it has been decided to write off debts 含义为决定要计提

一笔坏账，即当下还未记录该笔坏账，因此期末的应收要先减去
这笔坏账，再计提坏账准备
资产负债表的应收=receivable - allowance
期末allowance=（$970,000-$10,000）*10%=$96,000
期末trade receivables=$970,000-$10,000-$96,000=$864,000

章节练习（Part D- Inventory）
/ ACCA /
Which TWO of the following does IAS 2 inventory allow to be

included in the value of inventory of a manufacture company?
A. Depreciation of factory
B. Inventory’s storage cost
C. Production manager ’s salary
D. Input tax

/ ACCA /
「AC」
这道题考察存货的成本组成，与存货的直接费用相关可以作为存
货的成本，生产人员工资资本化计入存货的成本中，但是存货完
成之后的储藏费用，管理人员的工资需要作为费用，计入利润表；
进项税将来可以抵扣，所以不能包含；为了生产存货，机器的折
旧费用算近存货的成本的。

/ ACCA /
Dona's inventory movements during the month is as follows:

Day Transaction Units Price $
1 Opening inventory 420 10
4 sold 300 15
6 Purchase 900 12
10 Sold 960 20
24 Purchase 200 16
What is the value of Dona's cost of sales using the FIFO method
of inventory valuation at the end of the month?
$________

/ ACCA /
「14280」
根据先进先出法则，假设先采购进来的会最先卖出去。
所以最后留在closing inventory里面的就是最近采购回来的。
可以通过计算closing inventory的值根据cost of sales = opening
inventory + purchase - closing inventory的公式来倒推cost of
sales
Closing inventory的数量=420-300+900-960+200=260
Closing inventory = 200*$16+60*$12=$3,920
Cost of sales = 420*$10+900*$12+200*$16-$3,920=$14,280

/ ACCA /
ABC purchased 1,000 units of inventory with the following cost

details
Purchaser price $5 per unit
Non-recoverable import tax $500
Recoverable sales tax $300
Carriage inwards $1,000
Trade discount 5% of purchase price
Selling costs 3% of purchase price
What is the cost of the inventory according to IAS 2 Inventories?
$________

/ ACCA /
「6250」
可以包含在存货成本里面的主要有采购成本、转换成本、其他使达到
可使用状态的必须成本。
由于sales tax是可以在进行销售的时候抵扣的，所以不能计入成本
Carriage inwards是是存货达到可销售状态所必须发生的，要包含在
成本里面
Trade discount在交易时就享受了，应该在purchase中减掉。
Selling costs销售费用，销售的时候，存货已经是可销售状态，不能
包含在成本里面
Cost of inventory=$5*95%*1,000+$500+$1,000=$6,250

/ ACCA /
Golden commences trade on 1 January and follows a FIFO method

of valuing closing inventory. During January he had the following
transactions:
Date Units Price per unit Selling price
$ $
1 January Purchase 80 5
18 January Sale 50 8
24 January Sale 60 10

/ ACCA /
What is the closing inventory for January?

A. $480
B. $330
C. $360
D. $700

/ ACCA /
「D」
用FIFO的方法假设先采购进来的商品会先卖出去，那么留在closing
inventory里面的就会是最近采购进来的商品
Closing inventory的数量=80+100-50+40-60=110
期末存货的110件商品有40件来自24号采购的，还有70件是来自6号采
购的
Closing inventory=40*7+70*6=700

/ ACCA /
Sunny Co had 2,000 units of inventory inwards to their warehouse,

the cost details are listed:
purchase price: $6 per unit
non-refundable import tax: 300
carriage inwards: $600
carriage outwards: $750
trade discount: 5% of purchase price
cost to sell: $500

/ ACCA /
What is the cost of inventory according to IAS 2 Inventories?

A. $12,800
B. $12,300
C. $13,550
D. $12,900

/ ACCA /
「B」
存货的初始计量成本包括所有使存货达到预计仓储位置所发生的费用：
purchase price(after deduction of trade discount),
non-refundable import tax, carriage inwards. 出库的费用，以及销售
发生的费用，都不能计入存货成本。
Cost of inventory= 6*2,000*(1-5%)+300+600=12,300

/ ACCA /
Lucy has the following inventory at cost.

(1) Cups $580
(2) Glasses $670
(3) Crockery $425
The following information has been discovered.

(1) the cups have a selling price of $600
(2)The glasses have been damaged and have a net realisable
value of $640
(3)The Crockery has slight damage but if it is repaired at a
total cost of $55，it can besold for $500

/ ACCA /
What should be the value included for total inventory in Fiona's

statement of financial position?
$________

/ ACCA /
「1645」
考点是inventory价值的NRV和Cost孰低法
(1) cost=580,NRV=600,取低=580
(2) cost=670,NRV=640,取低=640
(3) cost=425,NRV=500-55=445,取低=425三个值加起来
=580+640+425=1645

/ ACCA /
Golden has a financial year end of 31 March 20x6 but undertook

its annual inventory count on 6 April 20x6 and valued inventory at
a cost of $45,000.During the period from 1 April 20x6 to 6 April
20x6 the following transactions took place:
$
Sales（at selling price） 60,000
Purchases at cost 44,000
The business has a 40% margin.
What is the cost of inventory held on 31 March 20X6？$
A. 36000
B. 37000
C. 38000
D. 39000
/ ACCA /
「B」
会计期间从20X6.4.1-20X6.4.6, 20X4.4.6 closing inventory=45,000.

所以我们要倒推出20X6.4.1opening inventory的值
Cost of sales = opening inventory+ purchase-closing inventory
Cost of sales = sales*60%=60,000*0.6=36,000
36,000 = opening inventory + 44,000 - 45,000
Opening inventory = 37,000

/ ACCA /
At the beginning of the financial year，Golden bought some

specialist inventory at a purchase cost of $4,000.The customer
who orderd the item has now cancelled the order leaving Golden
dispose of the item. The item cannot be sold and will cost $500 to
safety dispose of the inventory.
At what value should the item be included in inventory in her
financial statements?
A. $4,000
B. $500
C. $0
D. $3,500

/ ACCA /
「C」
年初的时候G公司为了某个客户购买了一些特殊的存货，成本是4,000
但是这个客户取消了订单，导致G公司只能处置这批存货，由于是特
殊的货物，市场上是无法销售的，而且为了成本处置，G公司还需要
另外花费500去处置。
这批货物的cost=4,000
NRV=0-500=(500)
所以必须把这批货物的账面价值调整为0

/ ACCA /
On 1 May 20X3 Golden finance had 200 units in its inventory that
had cost $800 in total. During May the following transactions
took place
9 May 40 units were purchased costing $4.50 each
14 May 20 units were sold for $5.50 each
22 May 80 units were purchased costing $3.50 each
28 May 30 units were sold for $4 each
Golden finance uses a FIFO system for its inventory.
What is the cost of sales for May 20X3？
$________

/ ACCA /
「200」
200+40-20+80-30=270
Closing inventory：
80*3.5+40*4.5+（270-80-40）*（800/200）=1060
Cost of sales =opening inventory+purchase-closing inventory
=800+40*4.5+80*3.5-1060=200

章节练习（Part D- PPE）
/ ACCA /
Jim Co acquired a building for $360,000 on March 20x2,

including a land cost $160,000. The building was expected to be
used for 40 years and depreciation is charged at 2.5% per annum
on straight line basis, with full amount charged in the year of
purchasing and none in the year of disposal.
On 1 Jan 20x6 the building and land was revalued to $600,000 and
$300,000 respectively.

/ ACCA /
How much should be recorded in the revaluation reserve at 1 Jan

20x6 in respect of the land and building?$
A. 560000
B. 540000
C. 530000
D. 570000

/ ACCA /
「A」
Building的初始成本为360-160=200000，按照25%的比例计提折旧。
land的初始成本为160000，不计提折旧。20x2-20x6共四年，四年之
后building的账面价值=200000-200000*2.5%*4=180000,也就是重估
日building的账面价值。
重估之后building的价值变成了600000，revaluation surplus=600-
180=420000
重估之后land的价值变成了300000，revaluation surplus=300-
160=140000
那么总的revaluation reserve=420+140=560000

/ ACCA /
On 1 January 20x8, a new property was acquired at a cost of

$1,000,000. The following costs incurred on the same day:
$
Legal cost related to purchase 8,300
Architect’s fees 93,000
Maintenance contract (Two-year) 10,000
Handing costs 9,000
Training costs 35,000
The property is to be depreciated over its useful life of 10 years in
straight line method.

/ ACCA /
What is the depreciation charge for the year ended 31 December

20X8?
A. $115,530
B. $111,130
C. $111,030
D. $100,000

/ ACCA /
「C」
固定资产的初始计量，主要包含：资产买价、相关法律费用、工程师
费用、装卸费，这些都是固定资产达到可使用状态所必须发生的费用；
保养合同，是需要记到当期费用中。
所以：资产的价值=$1,000,000+$8,300+93,000+9,000=$1,110,300
本期折旧=$1,110,300/10=$111,030

/ ACCA /
On 1 April 20X1, Garden Co purchased land and buildings costing

450,000，including $ 100,000 for the land. The buildings were
being depreciated on a straight-line basis over 30 years.
On 31 March 20X7, the land and buildings were revalued to $
800,000 which included $ 150,000 for the land
What amount should be recorded as other comprehensive income
for the year ended 31 March 20X7?
A. $380,000
B. $450,000
C. $366,667
D. $420,000

/ ACCA /
「D」
land是不能计提折旧的。Cost of building：450-100=350k
01 April 20x1-31 March 20x7 depreciation: 350/30*6=70k
重估日的账面价值＝350-70=280k
重估building的价值：800-150=650k
revaluation surplus for building＝650-280=370k
revaluation surplus for land=150-100=50k
Revaluation surplus计入OCI=370+50=420k

/ ACCA /
Golden has purchased computer equipment for business use.The

total cost is made up as follows:
$
Basic cost 1,700
First year insurance 500
Annual maintenance 200
Computer monitor 100
Printer 200
Delivery charge 300
Installation expenses 260
At what cost should the computer equipment be shown in Golden’s
statement of financial position?
$________

/ ACCA /
「2360」
只有与固定资产的采购、使之能达到可使用状态直接相关，以及使用
结束后的拆除费用，环境修复费用才可以计入固定资产的成本。
保险支出，维修支出等每年都会发生的应该都应该费用化,打印机属于
一个单独的资产。
Cost of the computer=$1,700+$100+$300+$260=$2,360

/ ACCA /
On 1 January 20X8 a company purchased an item of $28,000. The

test costs incurred were $2,100 and the training cost were $2600.
During the first month of production the plant broke down and
cost $1,000 to repair. Depreciation is charged on a straight line
basis over ten years with no residual value.
What is the carrying amount of the asset in the statement of
financial position at 31Decembet 20X8?
$___________

/ ACCA /
「27090」
在本题中只有purchase price和test costs直接计入固定资产的成本中。

员工培训费（training costs），修理费（repair costs）直接费用化，
计入利润表。
Depreciation=（28000+2100）/10=3010
20X8.12.31的carrying amount=30100-3010=27090

/ ACCA /
DPL Co purchased a equipment for business use and private use.

The invoice showed:
$
Net 24,000
Sales tax at 15% 3,600
Gross 27,600
Only when the assets are 100% for business use, the sales tax is
recoverable.
DPL Co also incurred delivery costs of $1,460, site preparation
costs of $3,680 and staff training costs of $800.

/ ACCA /
What amount should be recognised on the statement of financial

position for the equipment?
A. $29,940
B. $33,540
C. $32,740
D. $29,140

/ ACCA /
「C」
题目中说只有100% for business use的资产的sales tax是可以抵扣的，

所以DPL采购的这个机器的sales tax是不可以抵扣的，需要计入成本，
使这个固定资产达到可使用状态前的支出才可以计入成本，对员工的
培训支出与这个资产是否到达可使用状态无关Cost of the
equipment=$27,600+$1,460+$3,680=$32,740

/ ACCA /
Golden had non-current assets with a cost of $3800,000 at the

start of 20X6.
During the year the following transactions took place
1. non-current assets with a cost of $484,000 were purchased
2. assets costing $250,000 were sold for $120,000
3. a building which had cost $600,000 and had a carrying amount
of $450,000 was revalued to $800,000

/ ACCA /
What is the balance on the non-current assets cost or valuation

account at 31 December 20X6?
A. $4,234,000
B. $4,344,000
C. $4,724,000
D. $4,514,000

/ ACCA /
「A」
做一个NCA的T-account，求Bal c/d的值。
NCA增加记左边，减少记右边。

/ ACCA /
A company bought an asset four years ago on 1 January 20X3 for

$ 600,000 with a residual value of $40,000 and a useful life of
eight years. Two years later,the asset was estimated as having a
remaining useful life of five years and none residual value .
What is the carry amount of the asset for the year ended 31
December 20X5?
A. $210,000
B. $368,000
C. $74,000
D. $34,000

/ ACCA /
「B」
这道题考察资产账面价值问题。
1 January 20X3- 31 December 20X4折旧费用（600,000-40,000）
/8*2=140,000
1 January 20X5账面价值600,000-140,000=460,000
1 January 20X5- 31 December 20X5折旧费用460,000/5=92,000
31 December 20X5账面价值460,000-92,000=368,000

/ ACCA /
A company purchased a non-current asset on 1 January 20X6 for $

90,000. The company depreciates non-current assets on a straight
line basis over five years. On 1 January 20X7 a modification
costing $10, 000 was made to the non-current asset to extend its
useful life by one year and routine maintenance costing $ 5,000
was also carried out.
Which amount should be charged for depreciation for the year
to 31 December 20X7?
A. $16400
B. $21000
C. $17400
D. $16667
/ ACCA /
「A」
depreciation for year end 01/01/20x6: 90,000/5=18,000

carry amount: 90,000-18,000=72,000
modification cost应该被资本化，计入NCA的成本中，carry value增
加10,000
modification之后的使用年限仍然是五年，dep=82,000/5=16,400

/ ACCA /
Rose Co had non-current asset with cost of $778,000 in the

beginning, during the year, following transactions has taken place:
1. Non-current asset with a cost of $240,000 was sold for
$270,000
2. Asset with a cost of $512,000 were purchased
3. A plant which had cost of $320,000 and carrying value amount
of $175,000 was revalued to $225,000.
What's the balance on the non-current asset cost at the year end?
A. $9,55,000
B. $1,100,000
C. $1,000,000
D. $1,200,000
/ ACCA /
「A」
固定资产原始的cost是$778,000，卖出去$240,000需要在固定资产中减去，
新采购的$512,000需要加回来。
最终的成本是：778,000-240,000+512,000=1050,000
3中提到，有一部分固定资产进行了重估，这部分固定资产的成本为320,000，
重估当天的账面价值为175000，重估值为225000，重估的价值小于成本的
320000，小于的部分要在成本中减去~
重估增值为：225,000-175,000=50,000。
编制固定资产重估分录有三步：
第一，调整成本至重估值，那原先成本为320000，重估后的价值是225000，
所以调减的价值是95000。CR NCA 95000
第二，冲减之前的所有累计折旧，减去累计折旧320000-175000=145000 DR
accumulated depreciation 145000

/ ACCA /
「A」
第三，根据以上的差额，计算重估增值~CR revaluation surplus 50000

所以总的分录是
DR accumulated depreciation 145000
CR NCA 95000
CR revaluation surplus 50000
所以~总体的固定资产金额为1050000-95000=955000
所以题目的A选项答案是955000.

/ ACCA /
Golden bought a machine on 1 January 20X7 for $50,000. The

machine was depreciated at 20% straight line with proportionate
depreciation in the year of acquisition and disposal.Assuming
there is no scrap value. On 1 April 20X8 Golden sold the machine
and made a loss on disposal of $1,200. Golden prepares accounts
for 31 December year end.
What were the sales proceeds that Golden received for the
machine?
$ __________

/ ACCA /
「36300」
On 1 June 20X8:
累计折旧是20X7年一整年加上20X8年的前三个月
=50,000*20%+50,000*20%*3/12=$12,500 账面价值Carrying
value=50,000-12,500=$37,500
Loss on disposal = carrying value - disposal proceeds
产生了处置损失，说明卖亏了，账面价值高于了处置价格，所以
Disposal proceeds = 37,500 - 1,200 = 36,300

/ ACCA /
A company bought a machine on 1/1/20X2.

Purchase price $22000
Expected useful life 7 years
Estimated residual value $1000
On 1 May 20X6 the machine was disposed for $6000. The
company charges depreciation of machinery on a straight line
basis with a proportion charge in the years of acquisition and
disposal.
The business has a year end of 31/12/ 20X6.

/ ACCA /
What would be the profit or loss on disposal of the machine?

A. Loss of $1000
B. Loss of $3000
C. Loss of $5000
D. Loss of $6000

/ ACCA /
「B」
折旧费用：（22000-1000）/7=$3000per year 3000/12=$250 per

month
1/1/20X2至1 May 20X6的折旧费用：（4年4个月即52月）
52*250=$13000
1 May 20X6账面价值：22000-13000=$9000
Loss：$6000-$9000=（$3000）

章节练习（Part D- Intangible）
/ ACCA /
Which of the following statements about research and

development is correct?
A. If certain conditions are met, development cost may be
capitalized
B. Capitalized development expenditures should be amortized
over no more than 5 years
C. Capitalized development expenditures are included within the
heading of PPE
D. When considering whether the development expenditure could
be capitalized, it is necessary for the company to have ability to
use or sell the intangible assets

/ ACCA /
「D」
1 如果满足确认无形资产的条件，development expenditure必须资本
化
2 无形资产需要在使用年限内进行摊销
3 无形资产在报表中是non-current assets下单独的一项，intangible
non-current assets, 不包含在PPE中
4 这个公司有能力使用或是销售这个无形资产是development
expenditure的资本化确认条件之一

/ ACCA /
According to IAS 38 Intangible Assets, what is the definition of

an intangible non-current asset?
A. An identifiable non-monetary asset without physical substance
B. An asset that will bring economic benefit to the company
C. An asset with a measurable cost but without physical substance
D. An asset held for sale in the ordinary course of business

/ ACCA /
「A」
无形资产的定义： intangible asset is an identifiable monetary asset

without physical substance.
bc说的是无形资产的确认条件，d是持有待出售的固定资产。

/ ACCA /
Golden Co continues to develop a project which met the criteria

for capitalization on 1 January 20X8. During the year ended 31
December 20X8, the cost of materials used on the development is
$ 50 000. A member of staff was hired on a salary of $10 000 per
annum on 1 January 20X8 to work on the development. On 1 July
20X8, Golden Co hired a manager, which costs $5 000 per annum.
If the capitalization criteria in IAS 38 Intangible Assets are met,
what amount for development cost should be capitalized in 20X8.
$ __________

/ ACCA /
「60000」
此题问的是开发成本中能够资本化的金额，在满足资本化条件的情况
下，与开发这个项目直接相关的原材料和员工成本是可以资本化的。
但是管理人员（manager）的工资是记在管理费用里面的。
50,000+10,000=60,000

/ ACCA /
The patent of one medical business for the year ended 30 June
20X4 was as follows.
The company's policy is to charge amortization at 20% per year on

the straight line method, with proportionate amortization in the
years of purchase and disposal.

/ ACCA /
What should be the amortization charge for the year ended 30

June 20X4?
A. $6,600
B. $6,400
C. $6,100
D. $5,500

/ ACCA /
「A」
全年计提摊销的无形资产=期初余额-本期处置=(26,000-14,000)*20%=$2,400
被处置的无形资产只计提期初到处置日（7.1-9.30）3个月的摊销：
14,000*20%*3/12=$700
新购入的无形资产只计提购买日到期末（1.1-6.30）6个月的摊销：
35,000*20%*6/12=$3,500
Total amortization=$6,600
题目给我们展现了一个无形资产——专利权的成本的T型账。左边期初余额和
当期购买的。（注意看购买时间，是1.1日，距离年底X4.6.30日有6个月）。
右边是处置了的资产的cost（处置的时候，分录为Dr:disposal account Cr:
NCA），注意我们是在X3.9.30处置的，离期初只有3个月，说明要摊销3个月。
那题目就是问，从X3.7.1~X4.6.30要摊销多少钱？摊销是按20%，直线摊销
法。26,000-14,000这部分是摊了一整年的（期初的26000包含了14000，所以
14000要从26000中减掉）；被处置的14,000只摊了3个月；新购入的35,000
摊了6个月。因此直接用这些金额*20%就是我们本期摊销的金额。

/ ACCA /
Which of the following costs may be capitalized as an intangible

asset in accordance with IAS 38 Intangible Assets?
A. Costs of searching for alternative methods to make the
production process more efficient
B. Costs of researching whether there is market demand for a new
product
C. Testing costs for a new product
D. Design costs associated with a potential improvement to a
current product

/ ACCA /
「C」
A, B都是research阶段的cost，直接费用化
D只是有一个potential潜在可能的提升，也不能资本化

章节练习（Part D- Accruals）
/ ACCA /
Andrew is analysing his accounts for the year ended 31 May 20X0.
He has not yet made adjustments for the following:
1) Electricity expenses for the three months to 31 May 20X0 are
estimated to be $250
2) Insurance of $528 for the 12 months to 31 December 20X0 was
paid on 1 January 20X0
What is the net impact on profit when the appropriate
adjustments are made?

/ ACCA /
What is the net impact on profit when the appropriate adjustments

are made?
A. Increase of $58
B. Decrease of $558
C. Decrease of $58
D. Increase of $30

/ ACCA /
「A」
1) X0.2.1-X0.5.31的3个月的电费属于本期，但还未支付，是accrual，
会让本期费用增加，因此Profit减少。
2) 已经支付的12个月保险费中，有7个月（6.1-12.31）不属于本期，
属于Prepayment，会让本期费用减少，因此Profit增加。
Net impact on profit =528*7/12-250=$58 Increase

/ ACCA /
Walker entered into the following transactions in the financial

year ended 31 October 20x7.
(1) He paid electricity bill of $900 on 28 August 20x7 for the 12-
month commencing 1 September 20x7.
(2) He received rental income of $1,500 on 1 October 20x7 for the
quarter ended 31 December 20x7.
What are the two adjustments Walker must make to his financial
statements for the year ended 31 October 20x7 in respect of the
above transaction?
(1) Prepayment or accrual : $_______
(2) Accrued or deferred income : $_______

/ ACCA /
「750; 1000」
会计年度为20x6.11.1-20x7.10.31.
（1）该企业在20x7.8.28支付的bill覆盖的是20x7.9.1-20x8.8.30的期
间，属于本会计期间的只有20x7.9.1-20x7.10.31两个月的，剩下的10
个月的属于对下期的预付款，也就是prepayment，金额为
900*10/12=750
（2）该企业在20x7.10.1收到的rental所覆盖的期间是10 11 12三个月
的，属于本会计期间的只有10月，剩下两个月的属于预收款，对于企
业来说是liability，金额为1500*2/3=1000

/ ACCA /
Steven produced draft financial statements for the year ended 30

September 20X8, which revealed a profit of $32,500.Soon later,
the following information concerning year-end adjustment become
available.
1 Amortization was calculated as $3,200
2 The payments for electricity bill due for the year ended 30
September 20X8 were $4,500
3 Rental income includes amount received in advance of $3,600
4 Insurance expense did not includes the amount paid in arrear of
$2,800

/ ACCA /
What is the revised profit after making the year-ended adjustments?

A. $20,400
B. $18,400
C. $25,600
D. $24,000

/ ACCA /
「B」
第一个 amortization补上，导致profit减少。
第二个电费补上，导致profit减少。
第三个received in advance年底的分录是Dr rental income Cr
received in advance
Rental income 在Dr方表示减少，导致profit减少
第四个年底的insurance已经发生但是还没有支付(paid in arrear),分录
是Dr expense Cr accrual, expense在Dr方表示增加，导致profit减少
调整后的profit=32,500-3,200-4,500-3,600-2,800=18,400

/ ACCA /
Golden's expenses for the year ended 31 December 20X7 included

the following.
（1）$20,200 for the year's insurance cover running from 1 April
20X7
（2）On 20 Feb 20X8 she received an invoice for $4,800 covering
electricity for the period 1 December 20X7 to 31 January 20X8
（3）An agreed accountant's fee of $3,600 to prepare the accounts
for 20X7.$1,200 was paid in August 20X7 and the remainder was
due to be paid in February 20X8

/ ACCA /
What will be the net effect of the adjustment for accruals and
prepayments on Golden's profit for the ended 31 December 20X7?
A. $1,250 increase
B. $1,250 decrease
C. $250 Increase
D. $250 Decrease

/ ACCA /
「C」
本年的会计年度是20x7.1.1-20x7.12.31
(1) Insurance付的是20x7.4.1-20x8.3.31号的钱，先付钱后享受服务,
是prepayment.不属于本年会计年度只有3个月,所以要确认这三个月的
prepayment=20,200*3/12=5050.
年底prepayment分录是Dr prepayment Cr expense 那么expense减少
5050.
(2) 20x8年2月份收到了20x7.12.1-20x8.1.31号的电费账单是4800，
所以是先享受服务后付钱，是accrual.
属于本年的的会计年度只有12月这一个月,那么确认
accrual=4800/2=2400,年底accrual的分录是
Dr expense Cr accrual expense增加2400.
(3) 剩下的2400是要在x8.2月付的,所以还没有付钱.所以accrual.分录
是Dr expense 2400 Cr accrual 2400.
Expense减少（5050-2400-2400）=250,那么profit就增加了250.

/ ACCA /
H produced draft financial statements for the year ended 31

December 20x6, which revealed a profit of $46,500. Soon after,
the following information concerning year-end adjustments
became available:
1. Telephone payments due for the year ended 31 December 20x6
were $4,600
2. Depreciation was calculated as $5,800
3. Insurance includes amounts paid in advance of $3,900
4. Rental income includes amounts received in advance of $5,500
What is the revised profit after making the year-end adjustments?
$ __________

/ ACCA /
「34500」
46500-4600-5800+3900-5500=34500
(1) 电话费漏记，低估费用，高估利润，调减利润。
（2)折旧漏记，低估费用，高估利润，调减利润。
（3）预付保险费，调整：dr prepayment cr expense，要对利润进行
调增
（4）提前收一笔租金，属于deferred income
调整：dr rental income cr rent received in advance，调减利润

/ ACCA /
On 20 June 20X7 Ben paid his rent for the quarter ended 31 May
20X7. The rent paid includes the following two property:
1. Property 1 for the period ending 31 August 20X7
2. Property 2 for the period ending 31 May 20X7
Ben is now preparing his accruals and prepayments adjustments
for his year ended 30 June 20X7.

/ ACCA /
What will be the impact on profit for each of adjustments required?

A. Both will reduce the profit for the year
B. Both will increase the profit for the year
C. (1) will reduce the profit for the year while (2) will increase
the profit for the year
D. (2) will reduce the profit for the year while (1) will increase
the profit for the year

/ ACCA /
「D」
给property 1支付的租金的期间的截止日期是31 August 20X7，说明

在年底30 June 20X7的时候有一个月的预付，prepayment会减少本期
的费用，增加profit
给property 2支付的租金的期间的截止日期是31 May 20X7，说明在
年底30 June 20X7的时候还有一个月的租金没有支付，产生一个
accruals，会增加本期的费用，减少profit

章节练习（Part D- Provision）
/ ACCA /
X Co sells goods with a one year warranty and had recognized a

provision for warranty claims of $64,000 at 31 December 20X0.
During the year ended 31 December 20X1, $25,000 in claims were
paid to customers. On 31 December 20X1, X Co estimated that the
following claims will be paid in the following year:
Scenario Probability Anticipated cost
Worst case 5% $150,000
Best case 20% $25,000
Most likely 75% $60,000

/ ACCA /
What amount should X Co record in the statement of profit or loss

for the year ended 31 December 20X1 in respect of the provision?
A. $57,500
B. $6,500
C. $18,500
D. $39,000

/ ACCA /
「C」
期初Provision+本期确认的Provision-本期支付掉的Provision=期末
Provision
Opening provision – Payment + Provision recognized = Closing
provision
由于支付Warranty不是one-off event，而是基于Large population，计
算期末Provision时要使用期望值法。
Closing provision = 150000*0.05+25000*0.2+60000*0.75=$57,500
Provision recognized=57,500+25,000-64,000=$18,500

/ ACCA /
One month prior to the end of the financial year, ADM Co was
noted that a customer was taking legal action against them,
claiming that goods they received were defective. The amount of
the claim was $60,000. The lawyers of ADM Co said that the
likelihood of the claim succeeding was remote.

/ ACCA /
What are the disclosure requirements in the year end financial

statements relating to this claim in accordance with IAS37
Provision, Contingent Liabilities and Contingent Assets?
A. No disclosure is required
B. A description of the nature of the provision and the timing of
the expected outflows
C. A description of the nature of the event and its financial effect
D. A description of the financial effect of the claim

/ ACCA /
「A」
看公司输的可能性
顾客诉讼赢的可能性是remote,表明ADM公司输的可能性是remote，
所以是不用披露的。

/ ACCA /
Which of the following best describes a provision according to

IAS 37 Provisions, contingent liabilities and contingent assets?
A. A provision and contingent asset can be offset
B. A provision indicates there exists a possible obligation of a
company
C. A provision is a liability of uncertain timing or amount
D. A provision is a possible asset that arises from past events

/ ACCA /
「C」
这道题考察预计负债的定义
A. 预计负债和或有资产不可以抵消，错误。
B. 预计负债是一个负债，产生的是现实的义务present obligation，错
误。
C. 预计负债的时间和金额是不确定的，正确。
D. 预计负债不是资产范畴，属于负债，错误。

/ ACCA /
Based on past experience, Steve has always provided 6% of

revenue each year as a provision to meet expected claims under
warranty
1. The balance on the warranty provision at 1 March 20X7 was
$30,200
2. During the year,20,400 was spent selling claims and the
remaining opening provision was released as unused
3. Steve's revenue for the year ended 28 February 20X8 was
$215,000
What should be the warranty expense charge in Steve's statement
of profit or loss for the year ended 28 February 20X8?
$ ________
/ ACCA /
「3100」
期初provision+本期增加-本期减少=期末provision
30,200+本期增加-20,400=215,000*6%
本期增加provision=3100
Provision增加，同时expense增加

/ ACCA /
According to IAS 37 Provisions，Contingent Liabilities and

Contingent assets, which of the following items would require a
provision in the financial statements？
1. The company gives warranties on its products. The company’s
statistics show that about 5% of sales give rise to a warranty
claim.
2. A legal case that it’s possible to fail in the end by its lawyer
opinion
A. Neither items
B. 1 only
C. 2 only
D. Both of them
/ ACCA /
「B」
题目问的是哪个需要做预计负债：
1说的是保修服务，根据以往的经验，有5%的一定会有保修，可能性
为probable，所以要记一笔预计负债。
2说的是根据律师的观点，我们可能输掉，可能会对顾客做出赔偿，
概率只是possible，所以只是或有负债而不是预计负债。
所以只有1 是对的

/ ACCA /
习题讲解 03-
Exercise
Questions 章节练习（Part E）
章节练习（Part E – Errors）
/ ACCA /
Which of the following errors would lead to the creation of a

suspense account?
(1)Omitting a cash sales from the accounts
(2)A credit sale was recorded twice in the sales account
(3)A reversal error was made when recording a sales return
(4)A repair expense was debited to the PPE account
A. 1 and 4
B. 1,2 and 3
C. 2 only
D. 2 and 4

/ ACCA /
「C」
只有当trial balance(TB)借贷不等的时候才会产生suspense account

1. 漏记一笔交易，借贷双方都会被少记录，不会造成TB不等
2. 一笔赊销在sales account中记录了两次，导致在sales account多
记录了一笔，借贷不等，产生suspense account
3. Reversal error是把借贷的方向给记反了，但是金额不会错误，不
会造成借贷不等
4. 原本应该是dr expense，错误的记录到dr ppe，都是借方科目，只
是具体科目记录错误，不会造成借贷不等

/ ACCA /
John extracted a trial balance but he found out th at the debit side
is higher than credit for $400.
Which of the following errors could explain the difference?
A. delivery cost of inventory has been credited to the account for
$200
B. Cash sales of $400 had only entered to the cash book.
C. Insurance payment of $400 has been omitted.
D. Trade receivable account balance is understated by $400.

/ ACCA /
「B」
A中的费用应该记在借方，反方向记错，会使贷方比借方多400.
B中cash sale的正确entry是：dr cash 400 cr sales 400，只在cash
book中记录了现金收入，会导致借方比贷方多400.
C中insurance payment被忽略，对借贷平衡不会发生影响.
D中trade receivable被低估了400，会导致借方余额会比贷方低400.

/ ACCA /
Which two of the following accounting errors would give rise to

the creation of a suspense account?
A. The purchase of a computer for $5000,which is for business
use,had been incorrectly debited to purchase account,but correctly
recorded in cash.
B. An accrued expense had been entered correctly in the expense
account,but shown in the trail balance as prepayment
C. A credit purchase for $2500 had been debited to the purchase
account as $5200 and credited to the accounts payable ledger
control account as $5200
D. The stationary account had been understated by $1000

/ ACCA /
「BD」
只有会造成借贷不等的才需要引入suspense account
A 把资产记成费用，但是都是借方科目，不会造成借贷不等
正确 Dr PPE 5,000
Cr cash 5,000
错误 Dr purchase 5,000
Cr cash 5,000
调整 Dr PPE 5,000
Cr purchase 5,000
B 一笔accrued expense正确借记了expense,但是没有记录负债，而是当成
了prepayment，预付账款是资产，所以记到了借方，造成借贷不等
正确 Dr expense
Cr accrual
错误 Dr expense
Dr prepayment
Cr suspense
调整 Dr suspense
Cr prepayment
Great minds have Cr accrual
purpose, others have wishes
/ ACCA /
「BD」
C 借贷双方都记录了错误的金额，但是不会造成借贷不等
正确 Dr purchase 2500
Cr payable 2500
错误 Dr purchase 5200
Cr Payable 5200
调整 Dr payable 2700
Cr purchase 2700
D T-account中的一个账户被低估，那么会造成t字账户的借贷不等，产生
suspense account

/ ACCA /
A business has recorded purchase returns of $50 as sales returns

and also recorded sales returns of $30 as purchase returns.
How will the profit be affected as a result of these errors?
A. Understated by $80
B. Understated by $20
C. Understated by $40
D. Overstated by $20

/ ACCA /
「C」
本题中，企业是整笔交易都记错。
采购退回增加会减少采购费，进而增加利润
销售退回增加会减少收入，进而减少利润
1. 采购退回50记成了销售退回的处理，即
所以调减销售退回50，进而利润增加50
调增采购退回50，进而利润增加50
2. 销售退回30记成了采购退回，即
所以调减采购退回30，进而减少30
调增销售退回30，进而减少利润30
综上，改正后会增加利润40，说明利润之前被低估了40
章节练习（Part E – Control A/C）
/ ACCA /
The accounts payable ledger control account of a business showed

a balance at the year end of $285,000.This did not agree with the
total of the list of purchase ledger balances at the year end and
subsequent checking found that:
(1) Discounts received of $3,000 had been entered on the wrong
side of the control account
(2) Returns outwards had been overstated by $10,000

/ ACCA /
What will be the balance on the accounts payable ledger control

account following correction of the above errors?
A. $269,000
B. $289,000
C. $292,000
D. $288,000

/ ACCA /
「B」
(1) 在PLCA上面把收到的discount记错了方向，也就是错误的记录
在了贷方，增加了payable，所以需要调减PLCA$6,000 Dr PLCA
6000 Cr Discount received 6000
(2) 采购退货被高估了$10,000，也就是错误的多减少了payable
$10,000，所以要调增PLCA$10,000期末的PLCA=$285,000-
$6,000+$10,000=$289,000
Dr PLCA 10,000 Cr Purchase return 10,000

/ ACCA /
A business maintains a three column cash book. The credit side of

the cash book shows a total in the early settlement discount
column.
What is the correct posting for this total？
A. Dr discount received
B. Dr revenue
C. Cr discount received
D. Cr revenue

/ ACCA /
「C」
Cash book 三栏包括dr，cr，balance，credit side说明是企业付款，

与付款相关的是采购，在采购付款时企业可能会收到折扣，入账dr
payables cr cash cr discount received

/ ACCA /
Jimmy is reconciling his payable control account to the list of

individual payable balances in his payable ledger.
Which TWO of the following errors could account for the
difference between payable control ledger and the list of
individual balances?
A. An invoice of $6000 has been recorded on the credit side of an
individual payable balance of Sum Co
B. An invoice for $300 was omitted from purchase day book
C. An invoice of $650 has been recorded in the payable control
account as $560
D. A supplier account of $2200 has been omitted from the list of
individual balances
/ ACCA /
「CD」
下列哪两个错误会导致总账和明细账之间有差异
A 6000的发票已经被记在B的明细账的CR方，该记录正确，不会导
致差异
B 300的发票在日记账漏记，总账和明细账都是根据日记账记录的，
因此日记账漏记会导致总账和明细账都没有记录这笔交易，因此不
会产生差异
C 650的发票按照560的金额记在总账，默认明细账正确，因此会导
致差异
D 2200关于供应商的记录已经在明细账漏记，默认总账正确，因此
会导致差异
/ ACCA /
At 1 April 20X7,Golden’s ledger account for cash at bank shows a

debit balance of $1,600.During the month the following
transactions occur:
（1）Golden received an invoice from Joan for $300 for goods
received during the month
（2）Golden settled a payable of $720 taking advantage of an 5%
early settlement discount
（3）Citron paid him $550 by electronic bank transfer for sales
made last month
What should be the balance on Golden's cash book at 30 April
20X7?
$ _______
/ ACCA /
「1466」
1. 收到invoice, DR purchase, CR payable 与现金无关，不需调整

cash book
2. 原价$720, 享受了5%的现金折扣，实际支付的钱
=$720*95%=$684
3. 收到$550的电子转账，增加cash book
the balance on Golden's cash book at 30 April 20X7 : $1600-
$684+$550=$1466

/ ACCA /
Which of the following errors will not be highlighted by

performing a receivable control account reconciliation?
1 The list of customers balances has been added incorrectly.
2 The items on a sales invoice have been added incorrectly.
3 An entry has been omitted from an individual customer's
account.
4 An entry has been made twice in the purchase daybook.
A. 2 and 4
B. 2,3 and 4
C. 3 only
D. 1,2 and 3

/ ACCA /
「A」
题目问的是：哪些错误能够在进行总账和明细账对账的时候检查不
出来？
1 明细账错误，总账正确，所以两者不一致，会被查出来。
2 发票中金额记错，导致日记账记错，总账和明细账都会错，检查
不出来。
3 明细账错，总账正确，两者不一致。
4 日记账中记录两次，导致总账和明细账都错误，检查不出来。
所以选2,4。

章节练习（Part E – Reconciliation）
/ ACCA /
A Co is preparing the bank reconciliation at the year end. The

cash book is compared to the bank statements for the year and
appropriate adjustments are made.
Which of the following qualitative characteristics is demonstrated
by a bank reconciliation?
A. Comparability
B. Relevance
C. Materiality
D. Verifiability

/ ACCA /
「D」
银行对账单和企业银行存款日记账记录的都是企业银行账户的变化
情况，虽然来源不同但结果是相同的且可以被验证的。

/ ACCA /
Amma has a debit balance of $800 as per his bank statement for
October 20x1.
What does this balance represent?
A. Amma has $800 in her bank account
B. Amma has received a total of $800 in October
C. Amma has paid a total amount of $800 in October
D. Amma has an overdraft of $800 at the bank

/ ACCA /
「D」
Bank statement是站在银行的记账角度，所以bank statement有debit

方的余额表示对于银行来说是资产，也就是银行对企业有一个应收
款。所以对于企业而言就是负债，这个负债体现为overdraft.

/ ACCA /
Alice's bank account shows a debit balance of $500 at the

beginning of 1 January.
The following transactions take place during the month:
1. Cash sales for $1800 inclusive of 20% sales tax
2. Credit sales for $1000 exclusive of 20% sales tax
3. Settled an invoice with a list price of $1500. A settlement
discount of 10% was received.
4. Rent expense accrued $2000
What should Alice's bank account balance be?
$________

/ ACCA /
「950」
Cash sales 1800，dr cash 1800 cr sales tax 300 cr sales 1500
Credit sales是赊销，dr receivable cr sales，不涉及银行存款科目
在付款时接受现金折扣，dr payable 1500 cr cash 1350 cr discount
received 150
租金费用产生2000，还未支付，不涉及银行存款科目
月末余额为 500+1800-1350=950.

/ ACCA /
The balance in Golden’s cash book is $650 credit. This balance

includes the following
$
Cheques which have been drawn but not yet presented to the bank 200
Deposits made but not yet on the bank statement 2,000
Golden has forgotten to a standing order payment of $200 in his
cash book.Once these adjustments has been made the cash book and
bank statements will agree.

/ ACCA /
What was the balance shown on Golden's bank statement before any
adjustments?
A. $2,650
B. $850
C. $2,550
D. $950

/ ACCA /
「A」
cash book一开始是credit 650,在cash book的cr方,所以这是负数.然

后去找关于cash book的调整项.只有standing order是在cash book中
调整的，那么调整完以后cash book的值=-650-200=-850
所以这个-850也就是调整完bank statement的值,200是unpresented
cheque,要在bank statement中减掉,deposits其实就是outstanding
lodgements在途资金的意思,要在bank statement 中加上.
题目要求的是调整之前的bank statement的值,要用调整完bank
statement的值倒推
即调整之前的bank statement的值-200+2000=调整完bank statement
的值=-850,答案是-2650
章节练习（Part E – Incomplete）
/ ACCA /
Golden sells goods on credit and is correctly preparing its financial

statements for the year ended 31 December 20X8.From the records
that have been kept,the following information is available.
(1)Trade receivables at the start of the year were $10,000
(2)Trade receivables at the end of the year were $12,600
(3)Golden offers a settlement discounts of $3,000 for the year,but
not expected to be taken by customers
(4)Cash received from credit customers was $76,000 for the year.
(5)The profit margin on goods sold was 20% throughout the year
What was the gross profit for the year?
$_______

/ ACCA /
「15720」
给顾客的settlement discount只有当预计顾客会享受的时候才能从
receivable中减去根据receivable的t account可以算出本期的credit
sales是78,600
根据公式profit margin*sales=gross profit
本期的gross profit=20%*$78,600=$15,720

/ ACCA /
A business does not keep full accounting records but has the
following information:
$
Opening inventory 1400
Closing inventory 2000
Purchase 47600
What's the sales revenue figures for the year if the mark-up
percentages on sales revenue is 25%?
A. $60250
B. $62667
C. $68000
D. $58850

/ ACCA /
「B」
Cost of sales= Opening inventory+ purchase- Closing inventory

=1400+47600-2000=47000
题目中说的是mark-up percentages on sales revenue，也就是margin
是25%，则成本占比75%
Revenue :47000/ (1-25%) =62667

/ ACCA /
Jason is a sole trader in electric components.

At the start of the year, his net asset was amount to $35,600. During
the period, he introduced new capital of $14,000 and made a profit
of $3,500.
At the end of the year, his total asset was amount to $40,000 and
total liability was $10,000.
How much did he withdraw during the period?
$________

/ ACCA /
「23100」
公式：opening net asset+capital introduced+profit-drawing=closing

net asset
Net asset=asset - liability=40-10=30000
Drawings=opening-closing+capital introduced+profit=23100

/ ACCA /
习题讲解 03-
Exercise
Questions 章节练习（Part F）
章节练习（Part F – basic financial statements）
/ ACCA /
The following figures are from Golden's statement of financial

position for the year ended 31 December 20X8.
$
PPE. 630,000
Overdraft 35,000
Accumulated depreciation 67,000
Trade payables 210,000
Trade receivables 175,000
Cash 64,000
Prepayments 27,000
Accruals 21,000
Loan repayable 1 April 20X9 210,000
Loan repayable 1 January 20Y1 100,000

/ ACCA /
What are Golden's current liabilities?

A. 476,000
B. 455,000
C. 63,000
D. 266,000

/ ACCA /
「A」
这道题就是判断哪些属于企业的current liabilities
流动负债，主要包括：overdraft,trade payables ,accruals , 以及将在
一年内偿还的借款
Total current liabilities =
35,000+210,000+21,000+210,000=$476,000

/ ACCA /
Which of the following statement is false?

A. A bank overdraft using a facility first arranged three
years ago is a non-current liability
B. A loan note to be repaid in two years’ time is classified as
a non-current liability
C. Cash and cash equivalents are presented as current assets
in financial statements
D. Redeemable preference share is presented as a liability in
financial statements

/ ACCA /
「A」
A 银行透支无论欠款时间长短，全部当作current liability处理。
B 两年之后偿还的债券超过12个月偿还，所以属于长期负债；
C 现金和现金等价物属于流动资产。
D 可赎回优先股实质是负债，所以在资产负债表上是以负债列式。

/ ACCA /
At 1 January 20x9, a company had following transactions

relating to capital structure:Share capital (50c) $200,000
Share premium $60,000
During the year ended 31 December 20x9, the company
made following share issues:
02 February, right issue for every 4 shares held at $1.5.
08 August, bonus issue for every 10 shares held.
At what amount should the share premium account be
recorded in the company's statement of financial position for
the year end 20X9?
$ ________

/ ACCA /

/ ACCA /
「135000」
在20x9.1.1这天有200/0.5=400k股。
20x9.2.2的right issue，每四股发一股新股，400*1/4=100k.发行价格
是$1.5,其中nominal value=50c进入share capital，另外$1*100=100k
进入share premium。
Dr cash 150k, cr share capital 50k, cr share premium 100k
20x9.8.8的bonus issue，每十股发一股新股，（400+100）*1/10=50k，
发行价格就是nominal value，dr share premium 25 cr share capital
25
Share premium的余额=60+100-25=135k

/ ACCA /
At 31 December 20X7 a company had the following capital

structure:
$
Share capital 300,000 $1.00 shares 300,000
During the year ended 31 December 20X8 the company made
the following share issues:
31 March An issue of 100,000 shares at $2.50 per share
30 June A rights issue of one share for every four in
issue at $1.50 per share
At what amount should the share premium account be stated in
the company's statement of financial position at 31 December
20X8?
$ ________
/ ACCA /
「260000」
31 March:
Dr cash 10,000*2.5 250,000
Cr share capital 100,000
Cr share premium 150,000
31 June:
发行股票数量=(300,000+100,000)/4=100,000
Dr cash 100,000*1.5 150,000
Cr share capital 100,000
Cr share premium 50,000
期末share premium = 60,000+150,000+50,000=260,000
/ ACCA /
A company had the following equity at the beginning of the

financial year
Ordinary shares ($1 each) 30,000
40,000
During the year ,the company made a one for three bonus
issue utilizing the share premium account ,after that a one for
four right issue at $1.5 per share

/ ACCA /
What is the balance on the share premium account following

these share issues?
A. 5,000
B. 10,000
C. 3,000
D. 15,000

/ ACCA /
「A」
bonus issue：30,000*1/3=10,000股
从share premium转share capital：10,000*1=10，000，即share
premium减少10,000
Right issue：（30,000+10,000）/4=1,000股
Share premium：10,000*（1.5-1）=5,000
Share premium：10,000-10,000+5,000=5,000

/ ACCA /
A limited company's capital structure was as follows:

Ordinary shares of 10c each $500,000
10% redeemable preference share of 50c each $200,000
In the year ended 31 December 20X8, the company has paid
all the preference dividend forthe year.For ordinary shares’
part, an interim dividend of 2c per share was paid.Besides, A
final ordinary dividend of 3c per share was proposed, before
the reporting date.
What would be recognised for dividends in the equity section
of the statement of financial position at 31 December 20X8?
$_________

/ ACCA /
「100000」
redeemable preference share 是作为Non-current liability处理的，产

生dividend的分录是dr finance cost cr cash。所以不用计算
redeemable preference share的dividend
Proposed时不做任何会计处理
金额=500,000/0.1*0.02=100,000

/ ACCA /
At 1 January 20X7 Golden Co had a $600,000 3% loan note in

issue.On 1 June 20X7 Golden Co issued a $200,000 6% loan
note.On 1 July 20X7 Golden Co repaid the $600,000 3% loan
note in full.
What figure should appear in the statement of comprehensive
income for finance cost for the year ended 31 December 20X7?
A. $16,000
B. $19,000
C. $20,500
D. $15,500

/ ACCA /
「A」
进入利润表的finance cost是本期的发生数
$600,000的3%的loan note：finance cost=$600,000*3%*6/12=$9,000
$200,000的6%的loan note: finance cost=$200,000*6%*7/12=$7,000
总共的finance cost=$9,000+$7,000=$16,000

/ ACCA /
Which general ledger accounts would be affected when a

company pays an equity Dividend?
A. Investment income and receivable
B. Cash and retained earnings
C. Revaluation reserves and finance cost
D. Investment income and retained earnings

/ ACCA /
「B」
当公司支付分红的时候，哪些科目会受到影响
支付分红，现金减少，所以Cr cash，同时会使得留存收益减少，所以
是Dr retained earning

章节练习（Part F – Cash flow）
/ ACCA /
Which of the following transactions would not appear in the

statement of cash flow?
A. A rights issue of shares
B. Redemption of an outstanding loan
C. Issue of preference shares
D. A bonus issue of shares

/ ACCA /
「D」
Bonus issue是送股，免费把新股送给现有股东，所以不会产生
现金流
Rights issue 是以低于市场价的价格发行股票，所以会产生现金
流。
偿还负债会导致现金流出企业；
发行优先股是会产生现金流入的。

/ ACCA /
City Co prepared the following for cash from operating

activities:
$'000
Profit from operations 2380
Depreciation 520
Loss on disposal (75)
Increase in provision for negligence claim 30
Increase in receivables (50)
Increase in inventory 40
Increase in payables 50
2895

/ ACCA /
The following conditions of the calculation have been made

(1) The loss on disposal should be added back not deducted
(2) Increase in receivables, inventory and payables should all
be added
(3) Increase in provision for negligence claim should be
deducted not added
Which of the above criticisms are correct?
A. 1 only
B. 1 and 3
C. 2 only
D. 2 and 3

/ ACCA /
「A」
loss属于non-cash item，需要被加回，再重新记录。
(1) receivable减少，cash inflow。 Inventory减少，cash
inflow。Payable减少，cash outflow。
(2) 现金流量表的计算起点是PBT，provision会导致费用增加，
应该加回。
(3) 现金流量表的计算起点是PBT，provision增加表示企业负债
增加，本期偿还的少，所以是cash inflow。

/ ACCA /
Which, if any, of the following items could be included in

'cash flows from financing activities' in a statement of cash
flows that complies with IAS 7 Statement of Cash Flows?
1 Interest received
2 Taxation paid
3 Proceeds from sale of property
A. 1 only
B. 2 only
C. 3 only
D. None of them

/ ACCA /
「D」
题目问的是哪些属于现金流量表里面的融资活动的项目
1收到利息属于经营活动/投资活动
2付税收是经营活动中调节的项目
3卖资产是投资活动中的项目
因此没有属于融资活动中的项目

/ ACCA /
Golden Co made a profit for the year of $ 18650 , after

accounting for depreciation of $ 1250. During the year, non-
current assets were purchased for $ 10000, receivables
increased by $ 1000, inventories decreased by $ 1800 and
payables increased by $ 350.
According to IAS 7 Statements of Cash Flow, what should be
the increase in cash and cash equivalents of operating
activities during the year?
$ _______

/ ACCA /
「21050」
此题考察的是经营活动的现金流，折旧只是账面的增减，没有实
质上引起现金流的变化，但在算利润的时候，已经减去，需要调
整回来，所以要加上；
购买固定资产属于投资活动；
应收账款增加，说明现金减少；存货减少，说明现金增加；应付
账款增加，说明现金增加。
18650+1250 -1000+1800+350=21050

/ ACCA /
In the course of preparing a company's statement of cash flows,

the following figures are to be included in the calculation of
net cash from operating activities.
Depreciation charges 100,000
Profit on sale of non-current assets 40,000
Decrease in receivables 20,000
What will the net effect of these items be in the statement of
cash flows?
A. Addition to operating profit 80,000
B. Subtraction from operating profit 80,000
C. Addition to operating profit 140,000
D. Subtraction from operating profit 140,000
/ ACCA /
「A」
depreciation=100,000应该加上；
Profit on sale of NCA= 40,000，应该减去；
Receivable减少说明企业收到了cash，应该加上；
金额=100,000-40,000+20,000=80,000

章节练习（Part F – Events after）
/ ACCA /
The financial statements of Carzag Co for the year ended 31

December 20X6 were reviewed on 15 March 20X7 by its board
of directors and authorized for issue on that date.
The following events are relevant:
(1) Before the meeting of the board of directors on 15 March
20X7, it was found that, since 31 December 20X6, there had
been a significant decline in the value of the company’s
investments.
(2) On 14 March 20X7 a significant fraud was discovered,
This had occurred during the year to 31 December 20X6 and
affected the accuracy of the financial statements for that year

/ ACCA /
Which of the above events should be treated as an adjusting

event in accordance with IAS 10 Events After the Reporting
Period?
A. 1 and 2
B. 1 only
C. 2 only
D. Neither 1 and 2

/ ACCA /
「C」
年底之前发现公司的长期投资出现减值情况是需要在资产负债表
中进行调整的。
年底之后发现公司的长期投资出现减值，不需要在当期资产负债
表进行调整。
发现fraud或者error，并且对资产负债表产生影响，需要在资产
负债表中进行调整。

/ ACCA /
Which of the following material events after the reporting

period and before the financial statements are approved by the
directors should be adjusted for in those financial statements?
1.A valuation of property providing evidence of impairment in
value at the reporting period
2.Sale of inventory held at the end of the reporting period for
less than cost
3.Discovery of fraud or error affecting the financial
statements
4.The insolvency of a customer with a debt owing at the end
of the reporting period which is still outstanding

/ ACCA /
A. All of them
B. 1, 2 and 4 only
C. 3 and 4 only
D. 1, 2 and 3 only

/ ACCA /
「A」
1.有证据证明会计期末资产的减值迹象
2.销售存货期末有减值
3.发现有影响到报表的舞弊和错误
4.会计期末有欠款且客户面临破产
上述四个事件都是在会计期末至报表发出日发生的，均符合调整
的条件，全选。

/ ACCA /
Which of the following statements are true regarding

disclosure of events after the reporting period?
(1) Non-adjusting events needed to be disclosed if non-
disclosure would affect user ’s decisions
(2) Any new information received between the end of the
reporting period and the date the financial statements are
authorized for issue，providing further evidence of conditions
existing at the end of the reporting date, should be adjusted
A. Statement 1 only
B. Statement 1 and statement 2
C. Neither statement is true
D. Statement 2 only
/ ACCA /
「B」
(1) 如果不披露会影响用户做出正确评价和决策的能力，则会披
露不调整事件
(2)在报告期结束至财务报表核准发出之日期间发生的事项，能
在报告期末日（at the end of the reporting date）提供更多的证
据，是调整事项，需予以调整

/ ACCA /
Where there are material non-adjusting events, which of the

following should be disclosed in a note to the financial
statements in accordance with IAS 10 Events After the
Reporting Period?
(1) Confirmation that solicitors have been involved in
determining its financial effect
(2) The nature of the event and the estimated financial effect
(3) Reference to where the amounts have been provided in the
financial statements

/ ACCA /
A. All of the above

B. 2 only
C. 1 and 2
D. 3 only

/ ACCA /
「B」
问的是非调整事项需要在报表附注里披露什么内容
对于非调整事项我们只需要披露事项本身的性质（nature）和影
响（effect）
Reference不包含在notes里

/ ACCA /
习题讲解 03-
Exercise
Questions 章节练习（Part H）
章节练习（Part H – Interpretation）
/ ACCA /
Which Two of the following ratios can be assisted while

analyzing return on capital employed？
A. Payable payment period
B. Operating profit margin
C. Interest cover
D. Asset turnover

/ ACCA /
「BD」
Return on capital employed（ROCE）=operating profit

margin*asset turnover
Payable payment period是efficiency ratios
Interest cover是position ratios

/ ACCA /
The following extracts have been prepared from the financial

statements of Benny Co for the year ended 31 December 20X3.
Statement of financial position Statement of profit or loss：extract
$000 $000
Profit from
Non-current assets 300,000 70,000
operations
Current assets 50,000 Finance cost (5,000)
Non-current
145,000 Profit before tax 65,000
liabilities
Income tax
Current liabilities 35,000 (20,000)
expense
Profit before year 45,000
What is the return on capital employed for Benny Co(to the nearest）?
_________%
/ ACCA /
「22」
return on capital employed(ROCE）= PBIT(profit before tax

and interest）/capital employed
PBIT=70,000
capital employed=total asset-current
liability=300,000+50,000- 35,000=315,000
所以ROCE=70,000/315,000=22%

/ ACCA /
Which TWO of the following users of financial statements

would focus on the interest cover ratio?
A. A bank when deciding whether to renew a loan arrangement.
B. An investor concerned about the amount of equity dividend
he will receive.
C. A member of the public concerned with environmental
issues.
D. A manager responsible for the control of the operating costs.

/ ACCA /
「AD」
Interest cover衡量的是长期偿债能力，银行要根据这个ratio来
判断是否要借款给企业。Operating cost会影响PBIT，而
interest cover=PBIT/interest expense.

/ ACCA /
Which TWO of the following statements does not describe the

importance of ratios?
A. To provide additional information about the profitability
performance of the company
B. To attract potential investors
C. To ensure that the financial statements are correctly
prepared
D. To provide more information in comparisons with previous
performance

/ ACCA /
「BC」
A 提供关于这个公司盈利能力的额外信息，正确
B 吸引潜在的投资者，错误，ratio只是提供信息，不是用来吸
引潜在投资者的
C 保证财报的正确编制，错误，ratio的计算并不能用来检测财
报编制正确与否
D 提供更多的信息用来跟之前年度的表现对比，正确

/ ACCA /
Golden has applied for a bank loan.The bank has asked for the
financial statements of Golden for the year ended 31 December
20X7.
Which of the following ratios would be of particular interest to
the bank?
A. current ratio and quick ratio
B. Current ratio and gross profit margin
C. Gearing and interest cover
D. Receivable days and dividend cover

/ ACCA /
「C」
银行要借钱给Golden,主要是要看Golden有没有能力按时还钱，
按时支付利息，也就是财务风险的高低。
不会特别关心企业是盈利能力和流动性。

/ ACCA /
Golden Co has calculated his key liquidity and working capital

ratios for the two years ending 31 December.
20X4 20X3
Receivables days 52 45
Payables days 18 30
Current ratio 1.0 2.2
Quick (acid test) ratio 0.8 1.5

/ ACCA /
Which TWO of the following conclusions can be drawn from

comparing Golden Co ratios for each year?
A. Golden Co is less efficient in managing working capital in 20X4
B. Golden Co is taking less time to collect money from customers
in 20X4
C. Golden Co has more cash tied up in receivables in 20X4
D. Golden Co's current and quick ratios have improved in 20X4

/ ACCA /
「AC」
应收账款周转天数变长，说明从客户那里收钱更慢，B错误；同
时也说明有更多的资金捆绑在应收账款，C正确
Current ratio和quick ratio降低，并没有改进，D错误
结合应付账款周转天数变短，总体看该公司的营运资金变差，A
正确

/ ACCA /
At 31 December 20x7 Zico has a payables balance of

$52,880.During the year ended 31 December 20x7 Zico made total
cost of sales of $400,000 of which $326,500 were purchase.
What is the payables days collection period for Zico at 31
December 20X7（to the nearest whole day）?
A. 59
B. 60
C. 61
D. 62

/ ACCA /
「A」
如果题目同时提供cost of sales和purchases，有限选择使用
purchases
Payable day = payable/purchase*365

= 52,880/326,500*365
= 59 days

/ ACCA /
The following are extracts from the financial statements of Golden

for the year ended 31 December 20x5

/ ACCA /
Which of the following statements are corrected based on the

financial information presented?
A. The liquidity of Golden has shown improvement in 20X5
B. The cash position is worsing partly due to Golden paying
creditors later in 20X5
C. Golden may be experiencing repaid growth which is causing it
to run out of working capital
D. Golden has a net cash outflow of $10,200 in 20X5

/ ACCA /
「C」
Current ratio=current asset/current liability

A 20X4的current ratio=2.57 20X5的current ratio=1.36
current ratio变低。所以在20X5 liquidity没有得到改善.错误
B cash position在20X5没有得到改善因为在20x5年的时候应付
账款和bank overdraft增多，说明企业欠别人的钱变多了，所以
留在企业的钱变多了，cash position变好。
C 20X5年working capital=current assets-current
liability=12600+14200-5200-14400=7200
20X4年working capital=9700+10100+8000-10800=17000
Working capital变小，说明企业占用更多资金，所以企业处在
增长期。
D 现金流的变动=cash --bank overdraft；通过cash at bank 和
bank overdraft 可以看出来,cash20x4年=8000，overdraft=-
53200, cash out flow=8000-（-5200）=13200,错误.

/ ACCA /
Golden has calculated the following ratios

20X7 20X8
Returns on capital employed 45% 40%
Assets turnover 0.90 times 1.12times
Which of the following comments is correct about Golden's profit
margin?
A. The profit margin has increased in 20X8
B. The profit margin has decreased in 20X8
C. The profit margin is unchanged
D. It is not possible to comment based on the information provided

/ ACCA /
「B」
ROCE = assets turnover * profit margin

20X7年的profit margin = 45%/0.9=50%
20X8年的profit margin = 40%/1.12=35.7%
20X8年的profit margin相比于20X7年下降了

Think Ahead
THANKS
才貌双全 / 日进斗金
Carry on any enterprise
as if all future success depended on it.

ACCA - FA - 习题课 -01

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/ ACCA /

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