【ACCA】P1考试试题及答案

【ACCA】P1考试试题及答案相信不少考生正在努力复习ACCAP1考试，今天yjbys小编就给大家带来ACCAP1考试试题Performance-RelatedBonus，希望大家在即将到来的6月考试中加油，努力备考吧! 1.Background Performance-relatedelementshavecausedthemostcontroversyinrecentyearswithsomedirectorsbeingawardedabonuseventhoughtheirfirmshaveunderperformed(andinsomecasesmadesubstantiallosses)orfailedtomeetorexceedthesectoraverage. Abalancebetweenshort-andlong-termbonusschemesshouldbefound.TheICGNrecommendsaminimumbonusperiodofoneyear(andnot,forexample,quarterly)andthatbonusesshouldbebasedonapercentageofbasicsalary(orsubjecttoafixedcap). Adangerofbonusschemesisthedirectors'abilitytomanipulatethetargetresultsonwhichbonusesarebased(e.g.revenue,profits).Achievingsalestargets,inparticular,mayresultinquestionable,unethicalpracticesbydirectorsandemployees. 2.Best-PracticeGuidelines Theremunerationcommitteeshouldconsiderwhetherdirectorsareeligiblefor: •Annualbonuses.Ifso,performanceconditionsshouldberelevant,challenginganddesignedtoenhanceshareholdervalue. •Benefitsunderlong-termincentiveschemes.* Upperlimitsshouldbesetanddisclosed.Theremaybeacaseforpartpaymentinsharestobeheldforasignificantperiod. Innormalcircumstances,sharesgrantedorotherformsofdeferredremunerationshouldnotvest,andoptionsshouldnotbeexercisable,infewerthanthreeyears. Directorsshouldbeencouragedtoholdtheirsharesforafurtherperiodaftervestingorexercise(subjecttotheneedtofinanceanypurchasecostsandassociatedtaxliabilities). Proposalsfornewlong-termincentiveschemesshouldbeapprovedbyshareholdersandpreferablyreplaceexistingschemes.Totalpotentialrewardsshouldnotbeexcessive. Payoutsorgrantsunderallincentiveschemesshouldbesubjecttochallengingperformancecriteriareflectingthefirm'sobjectives. Challengingperformancecriteriashould: •relatetooverallcorporateperformance; •demonstratethatdemandinglevelsoffinancialperformancehavebeenachievedinthecontextofthefirm'sprospectsandtheprevailingeconomicenvironment; •bemeasuredrelativetoanappropriate,definedpeergrouporotherrelevantbenchmark;and •bedisclosedandtransparent. Criteriawhichreflectthefirm'sperformancerelativetocomparablecompanies(e.g.shareholderreturn)shouldbeconsidered. Slidingscalesgenerallyprovideabettermotivatorforimprovingcorporateperformancethanasinglehurdlebyencouragingexceptionalperformance. Rewardsunderexecutiveshareoptionplans(ESOPs)andotherlong-termincentiveschemesshouldnormallybephasedoverasetperiod. Ingeneral,onlybasicsalaryshouldbepensionable. Conseque