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| Section | Weight | Objectives |
|---|---|---|
| Principles of Taxation | 20% | - Indirect taxes overview - Deferred tax concepts - Tax system and types of taxes - Current tax calculation |
| Financial Statements | 45% | - Preparation of single entity financial statements
- Application of IFRS standards
|
| Managing Cash and Working Capital | 25% | - Management of receivables, inventory and payables - Cash management and forecasting - Short-term financing options - Working capital cycle and objectives |
| The Regulatory Environment of Financial Reporting | 10% | - Ethics in financial reporting - Conceptual framework and regulatory bodies - IFRS Foundation and IASB structure - Principles vs rules-based regulation |
BCD owns an item of plant which cost $20,000 and at the time of purchase was assessed to have a useful economic life of 8 years and a residual value of $2,000.
The carrying amount of the plant at 1 January 20X8 is $11,000. On that date BCD's directors estimate that the plant's remaining useful life is now 6 years.
The residual value remains unchanged at $2,000.
What is the depreciation charge for this plant for the year ended 31 December 20X8?
Give your answer to the nearest $.
$1,688
Which of the following would NOT be classified as part of non-current assets in a statement of financial position?
Which THREE of the following matters should an entity consider when determining the credit terms granted to a customer?
PP supplies zero-rated and standard-rated goods. During the year ended 30 March 20X3, the standard-rated goods made up 50% of the total supplies. During the year ended 30 March 20X4 this percentage increased to 60%.
What percentage of input tax suffered can PP claim back in the year ended 30 March 20X4?
Give your answer as a whole number.
100%
AB has been asked to analyze the receivables days of an entity with a view to improving the working capital cycle.
The following results have been produced for receivable days:
Which of the following is NOT an explanation of why the days have increased?
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