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Last Updated: Sep 18, 2026
No. of Questions: 212 Questions & Answers with Testing Engine
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Analysing Financial Statements | 15% | - Impact of accounting policies - Ratio analysis and interpretation - Limitations of financial analysis |
| Topic 2: Financing Capital Projects | 15% | - Capital structure theories - Cost of capital calculations - Sources of long-term finance |
| Topic 3: Group Accounts | 35% | - Foreign currency consolidation - Goodwill and non-controlling interest - Consolidated financial statements - Associates and joint ventures |
| Topic 4: Integrated Reporting | 10% | - Integrated reporting framework - Sustainability and non-financial disclosures |
| Topic 5: Financial Reporting Standards | 25% | - Leases (IFRS 16) - Financial instruments (IFRS 9) - IFRS framework and application - Revenue recognition (IFRS 15) |
An accountant acting under their Code of Ethics would do which THREE of the following?
Correct Answer: A,B,F 🗳️
AB's financial information shows that the non current assets' carrying value is greater than the tax base at the year end.
What is the journal entry to record the movement in the provision for deferred tax resulting from this difference?
Correct Answer: B 🗳️
AB, a listed entity, prepared its financial statements to 31 December 20X7, in accordance with international accounting standards.
Which THREE of the following were disclosed as related parties of AB in its financial statements?
Correct Answer: B,D,E 🗳️
Which of the following statements about ST is true?
Correct Answer: D 🗳️
Information from the financial statements of RST for the year ended 30 April 20X9 is as follows:
At 30 April 20X9 the ordinary shares are trading at $4.75.
What is the price earnings (P/E) ratio for RST at 30 April 20X9?
Correct Answer: D 🗳️
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