package deal ICAEW ACA EXAM 2024/2025 already passed

ICAEW ACA AccountingUsers of Accounting - correct answer Any organization/business/individual who needs to keep track of their income, expenses, assets and liabilities. Types of Business Entity - correct answer • Sole trader • Partnership • Limited Liability Companies Stakeholders fo...

ICAEW ACA LawWhat is the difference between civil law and criminal law? civil law: claimant and defendant criminal law: prosecution and accused true or false: the party brining a civil case to court is known as the prosecution false what is the party in court who is charged with a crimi...

ICAEW - ACA - F.M. - Investment - Overview (chapter 1)Strategy - correct answer the long term direction of the business and how the objectives of the business are achieved Business strategy - correct answer Focuses on ensuring objectives are achieved taking account of. fit with the environment....

ICAEW LawFeatures of criminal law - correct answer 1) State disapproves the conduct 2) Purpose - enforcement of particular forms of behavior 3) Case brought by the State 4) Burden of proof: on prosecution 5) Standard of proof: high standards 6) Object: to regulate society by the threat of puni...

ICAEW 2 - The accounting equationAsset - correct answer A resource controlled by the entity as a results of past events from which future economic benefits are expected to flow to the entity Liability - correct answer Is a present obligation arising from past events, the settlement of which is ...

ICAEW - ACA - F.M. - Managing financial risk: Overseas trade Foreign exchange risk - correct answer transaction risk Transaction risk - correct answer the risk that an exchange rate will change between the transaction date and the subsequent settlement date i.e. it is the gain or loss arising ...

ICAEW - ACA - F.M. - Financing options - Equity sources and dividend policy (chapter 7)What are the 3 main methods of raising the equity finance If a firm is looking to finance a project through equity - correct answer retained profits in which case dividends may be cut. rights issues. new issues. ...

ICAEW - ACA - BPT - Schemes for investment by individuals What are venture capital trusts, enterprise investment schemes and seed enterprise investment schemes - correct answer Tax reducers deducted from the tax calculated to give income tax liability Who can invest in a venture capital trust -...

Dr/Cr - ICAEW ACA Accounting(Generic) Cash paid during the year in expense ledger - correct answer "Dr Expense Cr Cash " (Generic) Cash paid received the year in income ledger - correct answer "Dr Cash Cr Income " Calculate whether a closing accrual is required - correct answer "...

Icaew law chapter 7Share - correct answer A member’s stake in a company's share capital Name the two most common types of shares - correct answer Preference shares and ordinary shares Describe a share - correct answer A transferable form of personal property, carrying rights and obligati...

ICAEW LawWhat does void mean and when are contracts void? That there is no valid contract and goods should be returned; - Illegality (must not be illegal or against public policy) What does voidable mean and when are contracts voidable? The contract can be ignored by the 'injured' party; ...

ICAEW AA Chapter 7- Planning ISA300 - planning audit - correct answer Time wasted doing wrong - inefficient Really important work might not be done at all- not prioritizing key work Wrong conclusion may be drawn Audit Strategy - correct answer Background information required to an effectiv...

ICAEW BTF C10 Structure and regulation of the accountancy profession FRC (Financial Reporting Council) comprises: - correct answer the Conduct Committee + the Codes and Standards Committee Regulation of professions should NOT protect the profession's vested interests from competition in order ...

ICAEW AA Chapter 11 Special entities - correct answer Extra regulations- bank/insurance/charities Subject to professional rules - solicitors Charities - correct answer Regulates under Charities Act 2016 Charities statement of Recommended Practice (SORP) - correct answer statement of fina...