2022年ACCA-CAT历模拟考试题和解答

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

1x(b)Brieflydescribethewayinwhicha'personspecification'differsfroma'jobdescription'.

(3marks)

正确答案：

Part(b):

IThedifferencebetweenapersonspecificationandajobdescriptionisthataperson

specificationsetsoutthequaIitiesofanideaI

LJcandidatewhereasajobdescriptiondefinesthedutiesandresponsibiIitiesofthejob.

2、(iii)thewarrantyprovision.(3marks)

正确答案：

(iii)Warrantyprovision

：」■Agreetheprincipalassumptionsinmanagement,sestimateofIiabiIitiesunderwarranties

tothetermsofwarranty

□assetoutincontractsforsaIeofvehicle.Forexample:

□-theperiodforwhichwarrantiesaregiven;

□-whetherforpartsrepIacementonIyorpartsandIabour;

□-excIusioncIauses,perhapsforvehiclessoldintoaparticuIarmarket,orusedinaspecified

industry(e.g.fiImmaking).

□■AgreethereasonabIenessofmanagementJsassumptionsinthecaleuIationoftheprovision.

ForexampIe,the

□proportionofvehicIesforwhichclaimsaremadewithinthreemonths,threetosixmonths,six

toninemonths,etc.

□■SubstantiatetheeconomicreaIityofthebasisofmanagement'scaIcuIations.ForexampIe:

II-agreethenumberofvehiclessoldeachmonthtoasummarysalesreport;

□-agreethecalculationofaveragecostofarepairunderwarrantytojobrecords;

□-testcostsofrepaironasampIebasis(e.g.partsrepIacedtopriceIistsandIabourcharges

tohoursworked

II(perjobrecords)andcharge-outrates).

1■Considerthereasonablenessofmanagement'sestimatebycomparing:

II-theactuaIcostofafter-daterepairs(sayforthreemonths)againsttheappropriate

proportionoftheprovision

□made;

□-currentyearprovisionpervehicIesoldagainstpriorprovisionpervehiclesold.

□■Assessmanagement'sabiIitytomakereIiabIeestimatesinthisareabycomparingIastyear,

sprovisionwiththe

二(actualrepairsunderwarrantycostsincurredduringtheyearinrespectofsalesmadeinprevious

years.

□TutoriaInote:Thebasisofmanagement'sestimatemaytendtooverstateorunderstatethe

provisionrequired

landshouldberevisedaccordingly.

□■Agreetheextenttowhichtheprovisiontakesaccountof(hasbeenreducedby)anyrecourse

tosuppIiers(e.g.in

IIrespectoffaultyparts).Forexample:

II-byreviewingtermsofpurchasesfrommajorsuppliers;

II-byexaminingrecordsofreplacementpartsreceivedfreeofcharge.

3、SwimCoofferstrainingcoursestoathletesandhaspreparedthefollowingbreakevenchart:

$150,000

140,000

Line

130,000

//

120,000J

LineB

110,000/

100,000

90,000

80,000

70,000//

60,000//

50,000//

40,000//

LineC

30,000//

20,000///

10,000/

0/

0100200300400500600

Numberofathletes

Required:

(a)StatethebreakevensaIesrevenueforSwimCoandestimate,tothenearest$10,000,the

company,sprofitif500athletesattendatrainingcourse.(2marks)

(b)Usingthechartabove,explainthecostandrevenuestructureofthecompany.(8marks)

正确答案：

(a)ThebreakevensaIesrevenueforSwimCois$90,000.ThecompanyJ

sprofit,tothenearest$10,000,if500athIetesattendthecourseis$20,000($140,000-$120,000).(Fromt

hegraph,itiscIearthatthepreciseamountwiIIbenearer$17,000,i.e.$140,000-approximateIy$123,000

.)(b)CoststructureFromthechart,itiscIearthatLineCrepresentsfixedcosts,LineBrepresentstotaIco

stsandLineArepresentstotaIrevenue.LineCshowsthatinitialIy,fixedcostsare$20,OOOevenifnoathIet

esattendthecourse.ThisIeveIoffixedcostsremainsthesameif10OathIetesattendbutoncethenumberofat

tendeesincreasesabovethisIeveI,fixedcostsincreaseto$40,000.LineBrepresentstotaIcosts.If1OOat

hletesattend,totalcostsare$40,000($400perathlete).Since$20,OOOofthisrelatestofixedcosts,thev

ariablecostperathIetemustbe$200.WhenfixedcostsstepupbeyondthispointattheIeveIof200athletes,t

otaIcostsobviousIyincreaseasweIlandLineBconsequentIygetsmuchsteeper.However,sincetherearenow

200athIetestoabsorbthefixedcosts,thecostperathleteremainsthesameat$400perathIete($80,000/200

),eventhoughfixedcostshavedoubled.lf300athIetesattendthecourse,totaIcostperathletebecomes$30

Oeach($90,000/300).Sincefixedcostsaccountfor$40,OOOofthistotaIcost,variabIecoststotaI$50,000

,i.e.$166•67perathIete.So,economiesofscaIeariseatthisIeveI,asdemonstratedbythefactthatLineB

becomesfIatter.At400athIetes,thegradientofthetotaIcostsIineisunchangedfrom300athIeteswhichin

dicatesthatthevariabIecostshaveremainedthesame.Thereisnofurtherchangeat500athIetes;fixedandv

ariabIecostsremainsteady.RevenuestructureAsregardstherevenuestructure,itcanbeseenfromLineAth

atforWO-400athIetesthepriceremainsthesameat$300perathIete.However,if500athIetesattend,thep

ricehasbeenreducedasthetotaIrevenueIinebecomesfIatter.$140,000/500meansthatthepricehasgonedo

wnto$280perathIete.ThiswasobviousIynecessarytoincreasethenumberofattendeesandatthispoint,pro

fitismaximised.1

4、4(a)ISA701ModificationstoTheIndependentAuditorJsReportincIudesSuggestedwording

ofmodifyingphrases

forusewhenissuingmodifiedreports5.

Required:

Explainanddistinguishbetweeneachofthefollowingterms:

(i)'qualifiedopinion’;

(ii)€discIaimerofopinion’;

(iii)lemphasisofmatterparagraph1.(6marks)

正确答案：

4PETRIECO

II(a)Independentauditor1sreportterms

I1(i)QuaIifiedopinion-AquaIifiedopinionisexpressedwhentheauditorconcludesthatan

unqualifiedopinioncannotbe

(expressedbutthattheeffectofanydisagreementwithmanagement,orIimitationonscopeis

notsomateriaIand

□pervasiveastorequireanadverseopinionoradisciaimerofopinion.

O(ii)Disclaimerofopinion-AdisclaimerofopinionisexpressedwhenthepossibIeeffect

ofaIimitationonscopeisso

□materiaIandpervasivethattheauditorhasnotbeenabIetoobtainsufficientappropriateaudit

evidenceandaccordingIy

OisunabIetoexpressanopiniononthefinanciaIstatements.

□(iii)Emphasisofmatterparagraph-Anauditor1sreportmaybemodifiedbyaddinganemphasis

ofmatterparagraphto

□highlightamatteraffectingthefinanciaIstatementsthatisincludedinanotetothefinanciaI

statementsthatmore

□extensiveIydiscussesthematter.Suchanemphasisofmatterparagraphdoesnotaffectthe

auditor'sopinion.An

lemphasisofmatterparagraphmayaIsobeusedtoreportmattersotherthanthoseaffectingthe

financiaIstatements

II(e.g.ifthereisamisstatementoffactinotherinformationincludedindocumentscontaining

auditedfinancial

iIstatements).

II(iii)isclearlydistinguishablefrom(i)and(ii)because(i)and(ii)affecttheopinion

paragraph,whereas(iii)doesnot.

O(i)and(ii)aredistinguishabIebythedegreeoftheirimpactonthefinanciaIstatements.

In(i)theeffectsofanydisagreement

lorIimitationonscopecanbeidentifiedwithan'exceptfor•,・'opinion.In(ii)thematter

ispervasive,thatis,affectingthe

□financialstatementsasawhole.

□(ii)canonIyariseinrespectofaIimitationinscope(i.e.insufficientevidence)thathas

apervasiveeffect.(i)isnotpervasive

□andmayaIsoarisefromdisagreement(i.e.wherethereissufficientevidence).

5、(b)State,withreasons,theprincipaladditionaIinformationthatshouldbemadeavaiIabIe

foryourreviewof

RobsonConstructionCo.(8marks)

正确答案：

(b)Principaladditionalinformation

□■Anyservicecontractswiththedirectorsorothermembersofthemanagementteam(e.g.the

quantitysurveyor).These

□maycontain'exit'orothersettIementtermsintheeventthattheirservicesarenolonger

requiredafteratakeover/buyout.

IBPriorperiodfinancialstatements(to30June2005)disclosingsignificantaccounting

policiesandthekeyassumptions

I(concerningthefuture(andotherkeysourcesofestimationuncertainty)thathaveasignificant

riskofcausingamaterial

(adjustmenttothecarryingamountsofassetsandliabilitiesintheyearto30June2006.

：IForexample,concerning:

□-theoutcomeontheSarwardispute;

□-estimatesforguarantees/cIaimsforrectification;

□-assumptionsmadeinestimatingcoststocompletion(e.g.foriincreasesincostsofmaterials

orIabour).

□TutoriaInote:UnderIAS1'PresentationofFinanciaIStatements'thejudgementsmadeby

managementthathavethe

□mostsignificanteffectonamountsrecognisedinfinanciaIstatements(otherthanthose

invoIvingestimations)shouId

□aIsobedisciosed.

!■ThemostrecentmanagementaccountsandcashflowforecaststoassessthequaIityofmanagement

informationbeing

□usedfordecision-makingandcontroI.InparticuIar,inprovidingRobsonwiththemeansof

keepingitscashflowswithin

□itsoverdraftIimit.

IITutoriaInote:NotethatPrescotthassubstantialcashresources.ThereforeRobson'slackof

financemightbeareason

Iwhyitsmanagementareinterestedinsellingthebusiness.

!■AcopyofthesignedbankagreementfortheoverdraftfaciIity(andanyotheragreements

withfinanceproviders).Any

:-breachesindebtcovenantsmightresultinpenaltiesofcontingentliabilitiesthatPrescott

wouIdhavetobearifitacquired

IRobson.

IBThestandardtermsofcontractswithcustomersforconstructionworks.InparticuIar,for:

□-guaranteesgiven(e.g.forrectificationunderwarranty);

□-penaltycIauses(heeventofoverrunsornon-compIetion);

□-disclaimers(includingconditionsforinvokingforcemajeure).

□PrescottwiIIwanttomakesomeaIIowanceforsettIementofIiabiIitiesarisingoncontracts

aIreadycompIeted/in-progress

ZlwhenofferingapriceforRobson.

口Tutorialnote:AtakeovermightexcuseRobsonfromfuIfiIIingacontract.

□■LegaI/correspondencefilesdeaIingwithmatterssuchastheclaimsoftheresidentsofthe

housingdeveIopmentand

□Robson'sclaimagainstSarwarServicesCo.Also,feenotesrenderedbyRobsonJsIegaIadvisers

showingthecosts

□incurredonmattersreferredtothem.

□■Robson*sinsurer5s'covernote'todetermineRobson,sexposuretocIaimsforrectification

work,damages,injuriesto

□employees,etc.

IBThequantitysurveyor'sworkingpapersforthelastquarterlycount(presumablyat31March

2006)andthelatest

lavaiIablerollingbudgets.Particularattentionshouldbegiventoloss-makingcontractsand

contractsthathavenotbeen

□started.(PrescottmightseektosettleratherthanfulfiIthem.)Thepatternoftakingprofits

oncontractswiIIbeof

□interest,forexample,todeterminetheaccuracyofthequantitysurveyor'sestimates.

□TutoriaInote:Aregularpatternoftakingtoomuchprofittoosoonmightbedueto

underestimatingcoststocompIetion

□orbeevidenceofcostoverrunsduetorectification.

□■Typeandfrequencyofconstructionsundertaken.PrescottisinterestedinthebuiIdingand

refurbishmentofhoteIsand

IIleisurefaciIities.Robson'sexperienceinthisareamaynotbeextensive.

□■Non-currentassetregistershowingIocationofpIantandequipmentsothatsometestchecking

onphysicaIexistence

:Imightbeundertaken(ifanagreed-upon-procedure).

6、(c)(i)Explaintheinheritancetax(IHT)implicationsandbenefitsofAlvaroPelorusvarying

thetermsofhis

father5swillsuchthatpartofRayPelorus,sestateislefttoVitoandSophie.Statethe

datebywhicha

deedofvariationwouldneedtobemadeinorderforittobevalid;(3marks)

正确答案：

(c)(i)VariationofRay'swill

iThevariationbyAlvaroofRay'swill,suchthatassetsareIefttoVitoandSophie,wiIInot

beregardedasagiftbyAIvaro.

]Instead,providedthedeedstatesthatitisintendedtobeeffectiveforIHTpurposes,itwiII

beasifRayhadIefttheassets

□tothechiIdreninhiswill.

□Thisstrategy,knownasskippingageneration,wiIIhavenoeffectontheIHTdueonRay's

deathbutwiIIreducethe

□assetsownedbyAlvaroandthushispotentiaIUKIHTIiabiIity.Adeedofvariationismore

taxefficientthanAIvaro

□makinggiftstothechiIdrenassuchgiftswouIdbePETsandIHTmaybedueifAIvarowereto

diewithinsevenyears.

□Thedeedofvariationmustbeenteredintoby31January2009,i.e.withintwoyearsofthe

dateofRay'sdeath.

7、2Assumethattoday'sdateis1JuIy2005.

Janisaged45andsingle.HeisofDanishdomiciIebuthasbeenworkingintheUnitedKingdom

sinee1May2004

andintendstoremainintheUKforthemediumtolongterm.AlthoughJanworkedbrieflyin

theUKin1986,he

hasforgottenhowUKtaxationworksandneedssomeassistancebeforepreparinghisUKincome

taxreturn.

Jan,ssalaryfrom1May2004was£74,760perannum.Janalsohasacompanycar-aJaguar

XJ8withaIistprice

of£42,550includingextras,andC02emissionsof242g/km.ThecarwasavaiIabletohimfrom

1JuIy2004.Free

petroIisprovidedbythecompany.JanhasothertaxabIebenefitsamountingto£3,965.

Jan,sother2004/05incomecomprises:

£

DividendincomefromUKcompanies(cashreceived)3,240

InterestreceivedonanISAaccount230

InterestreceivedonaUKbankaccount740

Interestremittedfromanoffshoreaccount(netof15%withholdingtax)5,100

IncomeremittedfromavillainPortugaI(netof45%withholdingtax)4,598

ThetotaIinterestarisingontheoffshoreaccountwas£9,000(gross).Inaddition,Janhas

notremittedother

PortugueserentaIincomearisingintheyear,totalIingafurther£1,500(gross).

JaninformsyouthathisempIoyeristhinkingofprovidinghimwithrentedaccommodationwhiIe

helooksforahouse

tobuy.Theaccommodationwouldbeatwobedroomflat,vaIuedat£155,000withanannuaI

valueof£6,000.It

wouldbemadeavaiIablefrom6August2005.ThecompanywiIIpaytherentof£600permonth

forthefirstsix

months.AlIotherbillswiIIbepaidbyJan.

JanaIsoinformsyouthathehas25,000ordinarysharesinGiIetLtd('GiletJ),anunquoted

UKtradingcompany.He

hasheIdthesesharessineeAugust1986whenhebought2,500sharesat£4.07pershare.In

January1994,a

bonusissuegaveeachsharehoIderninesharesforeachordinaryshareheId.IntheIastweek

aIIGiIet5sshareholders

havereceivedanofferfromJumperpIc('Jumper')whowishestoacquiretheshares.Jumper

hasofferedthefollowing:

-3sharesinJumper(currentlytradingat£3.55pershare)forevery5sharesinGilet,

and

-25pcashpershare

Required:

(a)CaIcuIateJan's2004/05incometax(IT)payabIe.(11marks)

正确答案：

(a)Incometaxcomputation

Jan-2004/05IncomeTaxComputation

NotesNonSavingsDividendsTotalTaxpaid

Savings

£££££

Employmentincome：

Salary(prorated)f168,53068.530

l

Benefits：car210,86570210.850

tf

Benefits：fuel3.965

：3.

Benefitsother(33S

Dividends(4

ISAinterest-

(5915185

Bankinterest•7

vf636062

ScheduleDCaseV8.^03.

f76u-9o

ScheduleDCaseVlKX

StatutorylocalIncome87,01715.2853.600105.9025,207

Less：personalallowance(4.745)(4.745)

Taxableincome82.27215.2853.600101.1575.207

Incometaxthereon：£

Non-savingsincome

2,020x10%202

29,380x22%6.464

50,872x40%20.349

Savingsincome

15,285x40%6.114

DMdendincome

3.600x325%1.170

34.299

less：

DTRonrentalincome(8)(3.344)

DTRoninterestincome(9)(900)

laxcreditondividendincome(360)

Taxcreditonbankinterest(185)

Totaltaxpayable29.510

□—

Notes：

Carbenefit(242-2)-240-145-95/15-19+15-34%.

/234%x£42.550x(9/12)-10.850

\：

/3Fuelbenefitbasefigure14,400x34%x9/12(apportionmentasfirstyearofbenefit)-3.672

XI

<43.240x(100/90)-3,600

\r

5\InterestonISAacrountsisnottaxable.

I/

6740x(10(y80)-925

/714.598x(100/55)-£8.360

I/5.100x(100/85)-£6.000

/8-1

\r-Doubletaxreliefonrentalincomeisthelowerof(a)40%x£8.360(£3.344)and

(b)taxwithheld(£3,762)

9i.e.£3.344.

Doubletaxreliefoninterestisthetowerof(a)40%x£6.000(£2,400)and

(b)taxwithheld(£900)

□i.e.£900.

□

8、(b)YouaretheauditmanagerofJinackCo,aprivateIimitedliabilitycompany.YouarecurrentIy

reviewingtwo

mattersthathavebeenleftforyourattentionontheauditworkingpaperfilefortheyear

ended30September

2005:

(i)JinackholdsanextensiverangeofinventoryandkeepsperpetuaIinventoryrecords.There

wasnofuII

physicaIinventorycountat30September2005asasystemofcontinuousstockcheckingis

operatedby

warehousepersonneIunderthesupervisionofaninternaIauditdepartment.

AmajorsystemsfaiIureinOctober2005causedtheperpetuaIinventoryrecordstobecorrupted

beforethe

year-endinventorypositionwasdetermined.Asdatarecoveryprocedureswerefoundtobe

inadequate,

Jinackisreconstructingtheyear-endquantitiesthroughaphysicaIcountand'rollback'.

Thereconstruction

exerciseisexpectedtobecompIetedinJanuary2006.(6marks)

Required:

IdentifyandcommentontheimpIicationsoftheabovemattersfortheauditor,sreporton

thefinancial

statementsofJinackCofortheyearended30September2005and,whereappropriate,theyear

ending

30September2006.

NOTE:ThemarkaIlocationisshownagainsteachofthematters.

正确答案：

(b)ImpIicationsfortheauditor'sreport

O(i)CorruptionofperpetuaIinventoryrecords

MTheIossofdata(ofphysicaIinventoryquantitiesatthebaIancesheetdate)givesrise

toaIimitationonscope.

□TutoriaInote:11istherecordsoftheassetthathavebeendestroyed-notthephysicaIasset.

ThesystemsfaiIureinOctober2005isclearIyanon-adjustingpostbaIancesheetevent(IAS

10).IfitismateriaI

□(suchthatnon-discIosurecouIdinfIuencetheeconomicdecisionsofusers)JinackshouId

disciose:

口-thenatureoftheevent(i.e.systemsfaiIure);and

□-anestimateofitsfinanciaIeffect(i.e.thecostofdisruptionandreconstructionofdata

totheextentthatitis

□notcoveredbyinsurance).

□TutoriaInote:TheeventhasnofinanciaIeffectonthereaIisabiIityofinventory,onIyon

itsmeasurementforthe

(purposeofreportingitinthefinancialstatements.

IBIfmaterialthisdisclosurecouldbemadeinthecontextofexplaininghowinventoryhas

beenestimatedat

:I30September2005(seelater).Ifsuchdisclosure,thattheauditorconsiderstobenecessary,

isnotmade,the

:lauditopinionshouldbequaIified'except千or'disagreement(overlackofdisclosure).

□Tutoria1note:SuchquaIificationsareextremeIyraresineemanagementshouIdbepersuadedto

makenecessary

□discIosureinthenotestothefinanciaIstatementsratherthanhaveusers'attentiondrawn

tothematterthrough

□aquaIificationoftheauditopinion.

□■TheIimitationo