QUIZZES AND TESTS - CA X ACCA

Practice exam-style quizzes on CA X ACCA to test your knowledge of IFRS, Corporate Reporting, Audit, Tax, and Management Accounting. Designed for ACCA, ICAEW, CA, and CPA students, these quizzes help you revise faster and prepare with confidence.

CA x ACCA – FBT Practice Quiz (Questions 1–25)

1. Country Z has a falling birth rate lower than the stable death rate, and emigration is higher than immigration. What is the long-term consequence for the working population?

The working population will decrease
No impact on the working population
The working population will increase

2. A director of Violin Co is an ACCA member and is asked to pay a bribe to secure a contract in a country where bribery is common place. Which statement is correct?

The bribe should be paid because it is in the interests of the company
The bribe is unacceptable because it distorts business efficiency
The bribe is acceptable because it is normal business practice in the country

3. Which of the following is an advantage of decentralization?

Greater speed of decision-making and response to changing events
Better economy due to lower costs of overheads
Policies and procedures can be standardized

4. A business consists of autonomous units responsible for costs, revenues and capital asset purchases. Which organizational structure is described?

Segmented
Divisionalized
Geographical
Diversified

5. A company faces coordination issues between finance and production departments. Which two areas of financial information are the exclusive concern of the finance department?

Determination of costs
Payment of suppliers
Carrying out reconciliations of suppliers’ invoices
Setting the budget

6. In a simple communication model, which statement is true?

The receiver encodes the message
The sender decodes the feedback

7. Which two are best practice for remuneration committees?

Staffed by executive directors who know daily operations
Determine specific packages and general policy
Have no related interests other than as shareholders

8. According to Hofstede’s model, which two statements are correct?

High power distance prefers top-down command
Low uncertainty avoidance prefers less structure and rules
Low masculinity maximizes gender differences
High individualism views organizations as family

9. Which body issues international ethical guidance for accountants?

SAC
IFAC
IASCF

10. Which requires companies to keep financial records and prepare accounts?

National legislation
GAAP
IFRS

11. Which is a benefit of sustainability?

Needs of future generations not compromised
Resources directed to most effective use
Needs of present prioritized
Scarce resources allocated efficiently

12. Which is a characteristic of coaching?

Broadens skills and gives wider picture
Offers career development on many activities
Not usually performed by immediate supervisor
Specialized learning programme to improve skills

13. Which TWO are characteristics of a perfectly competitive market?

No barriers to entry or exit
Full information available to all
Each producer’s output is different
Few consumers and producers

14. Which describes a rating scale used for performance assessment?

Judged from poor to excellent
Ranked on overall achievements
Report delivered by colleagues
Report delivered by manager

15. Which statement best describes equal opportunities?

All employees should have access to potential promotion
Equal number of people of different race
Quota of women in promoted positions
Number of men and women employed are equal

16. Ed, the external auditor, detects a misstatement in SFGD Co’s accounts. Which TWO actions must he take?

Detect extent of fraud and error
Express opinion on true and fair view
Document findings and report to management
Ensure assets are safeguarded

17. Which statements about the informal organisation are true or false?

All true
Some true, some false
All false

18. Do personal development plans incorporate a wide set of developmental opportunities?

Yes
No

19. Which TWO describe the benefits of a committee?

Improved decision-making
Provides faster decisions
Responsibility is shared
All members contribute to all decisions

20. Which are directly concerned with the concept of ethics?

2 and 3 only
1 and 2 only
1 and 3 only
1 2 and 3

21. What is the main purpose of an organisational code of ethics?

To guide moral behaviour in work situations
To specify rules of etiquette
To specify operational policies
To identify charitable activities

22. Which TWO indicate a strong control environment?

Good communication of ethical values
High turnover of staff
Frequent structural changes
Participation by those charged with governance

23. Which best describes delayering?

Reducing number of functions
Reducing scalar chain
Reducing number of employees

24. Hofstede’s cultural dimension described as “degree of inequality among people considered normal” is?

Masculinity vs femininity
Power distance
Individualism vs collectivism
Uncertainty avoidance

25. Which statements about conflict are true or false?

Conflict can help encourage creativity
Conflict is constructive when it polarises views

BUISNESS AND TECHNOLOGY QUIZZES (EXTRA)

1 / 17

Which of the following actions may be taken directly by a professional body against a
member who is found to have breached its code of conduct? choose those statement/ statements which are correct.

Imposition of a fine

Reprimand

Prosecution

Expulsion from the professional body

2 / 17

Shireen is a partly qualified accountant who works for a small public service organisation. She is
a pleasant person and her immediate superior finds it easy to work with her.
Some of Shireen's colleagues, however, are more diƯicult to deal with and her immediate
superior finds it more diƯicult to allocate work to them. As such he places more and more work
demands on Shireen.
Shireen is now finding it diƯicult to keep up with the demands made upon her. She finds it
diƯicult to determine which work needs doing first. She has adopted an approach whereby she
does the work in the order in which it is given to her. At the moment she is overwhelmed with
complaints from both her internal customers and her immediate superior who are all
demanding that she responds to their work requests.
Which TWO barriers to eƯective time management are shown in the behaviour of Shireen?

Lack of work prioritisation

Inability to delegate

Poor motivation

Lack of assertiveness

3 / 17

Are the following key tasks/task of operational supervisors?

Motivating employees

Coordinating resources

4 / 17

Are each of the following statements true or false in relation to the purpose of International
Financial Reporting Standards (IFRS)? Choose one / those which are correct

IFRS are used as national requirements in some countries

IFRS are required for a stock exchange listing in some countries

5 / 17

Stefan purchases 20% of Gad Co's output. Gad Co is only one of many companies who supply
Stefan. Stefan always maintains a degree of competition between suppliers.
As far as Gad Co is concerned, how should Stefan be categorised under Mendelow's
framework?

High power, high interest

Low power, high interest

Low power, low interest

High power, low interest

6 / 17

Indicate whether the following situations are threats to the accountant's ethical
behaviour.

The accountant speaks on behalf of an assurance client in a court case

The accountant audits a client's non-current asset register when they prepared the register for the previous financial year

7 / 17

Which TWO of the following are principles of effective time management?

Organisation

Reliability

Coordination

Focus

8 / 17

Which TWO of the following are consistent with McGregor's Theory X?

Money is only one benefit from work

People must be directed to work to the required standard

Work is as natural to people as rest

People feel that achievement at work is irrelevant

9 / 17

Which TWO of the following are prerequisites for a company’s published
financial statements to be regarded as giving a true and fair view?

They are free from all errors

They follow generally accepted accounting practice

They follow all appropriate accounting standards

They contain all information relevant to the company’s performance

10 / 17

Bol Company is a large company that employs people across different functions and
locations.
Are each of the following statements in relation to the impact of the
organisation on Bol Company true or false? choose any 3

The grapevine can carry morale-damaging rumours

Informal networks have lengthy communication channels

The grapevine can often convey inaccurate information

Informal work practices may cause health and safety problems

11 / 17

Which TWO of the following are direct benefits of using information
technology as a means of improving personal effectiveness?

Performing routine tasks more quickly

Prioritising tasks

Minimising routine work

Eliminating input errors

12 / 17

Which of the following actions reflect professional competence and due care
in the IFAC (IESBA) code of ethics?

Keeping due client confidentiality when asked to reveal client information

Ensuring all staff attend professional update training

Keeping due client confidentiality when asked to reveal client information

Ensuring that only duly qualified staff work on projects

13 / 17

The government of Westland is experiencing high rates of unemployment, no
economic growth and zero inflation. It decides that it needs to reduce its budget deficit.
The only way that it can achieve this is by increasing the rate of direct taxation by 5%.
What will be the effect on the economy of Westland of raising direct taxation
by 5%?

A rise in unemployment

An increase in economic growth

A rise in inflation

A fall in unemployment

14 / 17

Yves is a teller in a foreign
exchange bureau and is
learning about new anti-money
laundering legislation which
requires him to pass a multiple
choice assessment.

education

development

training

15 / 17

As a newly appointed team
leader, Sanjay is attending a
two-day event to increase his
awareness of leadership skills.

Education

Training

Development

16 / 17

Denis is employed as the accounts manager in a company that is trading in a
legitimate activity. The company was established to receive funds that were acquired
from illegal sources.
Denis may be guilty of which TWO money laundering offences?

Failure to disclose knowledge or suspicion of money laundering

Concealing or transferring proceeds to avoid prosecution

Assisting another to retain the benefit of crime

Acquisition, possession or use of criminal proceeds

17 / 17

Which of the following statements defines ‘organisational culture’?

The values, norms and practices that shape society

The accepted way of behaving and working

The system by which activities are directed and controlled

Social relationships and informal communication networks

Your score is

The average score is 45%

BUISNESS AND TECHNOLOGY QUIZZ

lets train yourself in these business and technology quizzess.......

1 / 13

Which of the following actions reflect professional competence and due care
in the IFAC (IESBA) code of ethics?

Keeping due client confidentiality when asked to reveal client information

Ensuring all staff attend professional update training

Keeping due client confidentiality when asked to reveal client information

Ensuring that only duly qualified staff work on projects

2 / 13

Which TWO of the following are direct benefits of using information
technology as a means of improving personal effectiveness?

Performing routine tasks more quickly

Prioritising tasks

Minimising routine work

Eliminating input errors

3 / 13

Yves is a teller in a foreign
exchange bureau and is
learning about new anti-money
laundering legislation which
requires him to pass a multiple
choice assessment.

education

development

training

4 / 13

As a newly appointed team
leader, Sanjay is attending a
two-day event to increase his
awareness of leadership skills.

Education

Training

Development

5 / 13

Failure to disclose knowledge or suspicion of money laundering

Concealing or transferring proceeds to avoid prosecution

Assisting another to retain the benefit of crime

Acquisition, possession or use of criminal proceeds

6 / 13

Which of the following statements defines ‘organisational culture’?

The values, norms and practices that shape society

The accepted way of behaving and working

The system by which activities are directed and controlled

Social relationships and informal communication networks

7 / 13

In a national economy an initial increase in expenditure will lead to a much larger
final increase in national income.
Which of the following defines this outcome?

Accelerator

Aggregate demand

Multiplier

8 / 13

Which TWO of the following are attributes which a professional accountant
should demonstrate in all situations?

Transparency

Respect

Timeliness

confidence

9 / 13

Suresh is a trainee manager with his company. In the medium-term, he plans to
remain with the company and develop his knowledge and skills as much as
possible.
Is each of the following statements true or false?

The short-term objectives in Suresh’s personal development plan should be consistent with those in his performance appraisal report

Suresh’s personal development plan should be confined to objectives that are achievable in his current role

10 / 13

Ahmed has applied for a job and as part of the selection process she must
complete a written test. The test is designed to predict her potential for
learning new skills looking at reasoning and perceptual speed.
What type of test has Fatina been asked to complete?

Personality

Aptitude

Proficiency

Intelligence

11 / 13

What is the primary role of a public oversight board?

To conduct a review of internal controls

To approve the appointment of board members

To regulate the auditing profession

To scrutinise the performance of management

12 / 13

Sarah is the internal auditor of a retailer with a chain of clothing stores.
Which of the following tasks is/are Sarah’s responsibility?

Testing financial controls over cash sales to ensure they are effective

Preparing financial statements which give a true and fair view

Ensuring that the statement of financial position is an accurate reflection of the company’s assets, liabilities and equity

13 / 13

In relation to micro-economic theory, which TWO of the following statements
are correct?

In the short-term, the marginal cost curve is horizontal

In the long-term, the marginal cost curve will rise less steeply than the shortterm marginal cost curve

In the short-term, the supply curve is the upward-sloping section of the average cost curve

At equilibrium, the marginal cost curve intersects the average cost curve at its lowest point

Your score is

The average score is 46%

ACA QIZZES (CORPORATE+ FINANCIAL REPORTING)

Challenge your ICAEW Corporate Reporting knowledge with exam-style IFRS and consolidation questions.

1 / 13

A parent owns 80% of a subsidiary. The subsidiary sells goods to the parent for 100,000 at a profit margin of 25%. At year-end, 40% of goods remain in inventory. What is the adjustment to group profit?

30,000 reduction

10,000 reduction

25,000 reduction

2 / 13

An entity revalues its land upwards by 500,000. Later, it sells the land for 2 million, which includes a gain of 600,000 above original cost. How is the revaluation reserve treated on disposal?

Added to profit on disposa

Remains in OCI permanently

Transferred to retained earnings

3 / 13

A company has a functional currency of USD but presents its financial statements in GBP. Exchange differences arising from translation are:

Eliminated on consolidation

Taken to profit or loss

Recognized in other comprehensive income

4 / 13

A company has a cash-generating unit (CGU) with carrying amount of 5 million. The recoverable amount based on value in use is 4.5 million. The fair value less cost of disposal is 4.8 million. What is the impairment loss?

0.2 million

0.31 million

0.299 million

5 / 13

In a business combination, goodwill is calculated as:

Purchase consideration – Net assets acquired

Net assets acquired – Purchase consideration

Equity value – Net assets

6 / 13

Which standard governs the presentation of financial statements?

IFRS 3

IFRS 9

IAS 1

7 / 13

Under IAS 38 Intangible Assets, which of the following cannot be recognized as an intangible asset?

Patents acquired

Research costs

Development costs (when criteria met)

8 / 13

Under IFRS 15, revenue is recognized based on

Transfer of control to the customer

CASH RCVD

MANAGEMENT JUDGEMENT

9 / 13

Which standard addresses impairment of assets?

IFRS 10

IAS 36

IAS 1

10 / 13

IFRS 9 relates to which area of accounting?

LEASES

REVENUE RECOGNITION

Financial instruments

11 / 13

Under IFRS 16, which of the following is recognized by lessees for most leases?

INTANGIBLE ASSESTS

Right-of-use asset and lease liability

TRADE PAYABLES

RENTAL EXPENSES

12 / 13

Which IFRS standard deals with the presentation of financial statements?

IAS 1

IFRS 16

IFRS 15

13 / 13

The account 'Prepaid Insurance' is classified as:

Expense

Asset

Equity

Your score is

The average score is 0%

MANAGEMENT ACCOUNTING QUIZZ (easy)

HERE ARE SOME BASIC MANAGEMENT ACCOUNTING QUIZZ.

1 / 5

A budget that changes with the level of activity is called:

Master budget

Fixed budget

Flexible budget

2 / 5

iin break-even analysis, the break-even point is where:

Fixed costs equal variable costs

profit is maximized

Total costs equal total revenue

3 / 5

Contribution is calculated as:

Sales – Fixed costs

sales-variable costs

Sales – Total costs

4 / 5

Which costing method assigns overheads to products based on activities performed?

Activity-based costing

Marginal costing

Absorption costing

5 / 5

Which of the following is a variable cost?

Factory rent

Direct materials

Supervisor’s salary

Your score is

The average score is 80%

IFRS QUIZZ ( BASIC)

TEST YOUR IFRS BASIC UNSERSTANDING.

1 / 5

Which IFRS standard deals with the presentation of financial statements?

IAS 1

IFRS 16

IFRS 15

2 / 5

Under IFRS 16, which of the following is recognized by lessees for most leases?

INTANGIBLE ASSESTS

Right-of-use asset and lease liability

TRADE PAYABLES

RENTAL EXPENSES

3 / 5

IFRS 9 relates to which area of accounting?

LEASES

REVENUE RECOGNITION

Financial instruments

4 / 5

Under IFRS 15, revenue is recognized based on

Transfer of control to the customer

CASH RCVD

MANAGEMENT JUDGEMENT

5 / 5

Which standard addresses impairment of assets?

IFRS 10

IAS 36

IAS 1

Your score is

The average score is 80%

ACCOUNTING QUIZZ ( LEVEL; EASY)

HERE ARE SOME EASY TO SOLVE ACCOUNTING QUIZZ

1 / 7

Which of the following is considered an asset?

Bank loan

Owner’s capital

Accounts receivable

2 / 7

What is the accounting equation?

Assets = Liabilities - Equity

Assets = Liabilities + Equity

Liabilities = Assets + Equity

3 / 7

Which financial statement shows the financial position of a company?

Balance Sheet

Income Statement

Trial Balance

4 / 7

Revenue is earned when:

Invoice is created

Customer places an order

Service is performed or goods are delivered

5 / 7

Which of the following is a liability?

Inventory

Cash pending from Mr Smith

Accounts payable

6 / 7

Double-entry bookkeeping means:

Debit equals credit in each transaction

Each transaction affects only one account

Transactions are recorded once

7 / 7

The account 'Prepaid Insurance' is classified as:

Expense

Asset

Equity

Your score is

The average score is 100%