ACCA: PAPER F1 ACCOUNTANT IN BUSINESS

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PAPER F1

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ACCOUNTANT IN BUSINESS

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In this January 2010 new edition

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x We discuss the best strategies for revising and taking your ACCA exams

x We show you how to be well prepared for the 2010 exams

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x We give you lots of great guidance on tackling questions

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x We provide you with three mock exams including the Pilot paper

x We provide the ACCA examiner's answers as well as our own to the Pilot Paper as an

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additional revision aid

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Our i-Pass product also supports this paper.

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FOR EXAMS IN 2010

First edition 2007 Fourth edition January 2010

ISBN 9780 7517 8046 8 (previous ISBN 9780 7517 6652 3)

British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library

Published by BPP Learning Media Ltd BPP House, Aldine Place London W12 8AA learningmedia

Printed in the United Kingdom

All our rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of BPP Learning Media Ltd.

We are grateful to the Association of Chartered Certified Accountants for permission to reproduce past examination questions. The answers to past examination questions have been prepared by BPP Learning Media Ltd.

Your learning materials, published by BPP Learning Media Ltd, are printed on paper sourced from sustainable, managed forests.

? BPP Learning Media Ltd 2010

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Contents

Page

Finding questions

Question index ................................................................................................................................................................. iv

Using your BPP Learning Media Practice and Revision Kit......................................... vi Passing F1

Revising F1 ..................................................................................................................................................................... vii General exam support from BPP Learning Media............................................................................................................ vii Tackling multiple choice questions ................................................................................................................................ viii Tackling objective test questions...................................................................................................................................... ix Exam information .............................................................................................................................................................. x The computer based examination...................................................................................................................................... x

Questions and answers

Multiple choice questions .................................................................................................................................................3 Objective test questions ..................................................................................................................................................35 Answers to multiple choice questions .............................................................................................................................67 Answers to objective test questions.................................................................................................................................89

Exam practice

Mock exam 1 x Questions ............................................................................................................................................................113 x Answers...............................................................................................................................................................123 Mock exam 2 x Questions ............................................................................................................................................................131 x Answers...............................................................................................................................................................143 Mock exam 3 (Pilot paper) x Questions ............................................................................................................................................................153 x Answers...............................................................................................................................................................163 ACCA examiner's answers x Pilot paper ...........................................................................................................................................................167

Review form & free prize draw

Contents iii

Question index

The headings in this checklist/index indicate the main topics of questions. The questions in Section 1 and Section 19 cover material from Chapters 1a and 1b in the Study Text.

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Time allocation

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Page number Question Answer

Multiple choice questions

Part A: Business organisational structure, governance and management

1 Business organisation and structure 2 Information technology and systems 3 Influences on organisational culture 4 Ethical considerations 5 Corporate governance and social responsibility

Part B: Key environmental influences

6 The macro-economic environment 7 The business environment

Part C: History and role of accounting

8 The role of accounting

Part D: Specific functions of accounting and internal financial control

9 Control, security and audit 10 Identifying and preventing fraud

Part E: Leading and managing individuals and teams

11 Leading and managing people 12 Individuals, groups and teams 13 Motivating individuals and groups

Part F: Recruiting and developing effective employees

14 Personal effectiveness and communication 15 Recruitment and selection 16 Diversity and equal opportunities 17 Training and development 18 Performance appraisal

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iv Contents

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