ICAEW/ACA Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about ICAEW/ACA? On this page you'll find 109 study documents about ICAEW/ACA.
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ICAEW ACA Accounting Exam Questions and Answers 100% Pass
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ICAEW ACA Accounting Exam Questions and 
Answers 100% Pass 
Accounting - Answer- A way of recording, analysing and summarising transactions of 
an entity. 
Statement of Profit and Loss - Answer- It reflects the performance of a business over a 
period of time. 
Statement of Financial Position - Answer- It reflects the position of a business at a point 
in time. 
Users of Accounting - Answer- Any organisation/business/individual who needs to keep 
track of their income, expenses, assets and liabi...
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ICAEW ACA Accounting Exam Questions and Answers 100% Pass
- Exam (elaborations) • 10 pages • 2024
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ICAEW ACA Accounting Exam Questions and 
Answers 100% Pass 
Accounting - Answer- A way of recording, analysing and summarising transactions of 
an entity. 
Statement of Profit and Loss - Answer- It reflects the performance of a business over a 
period of time. 
Statement of Financial Position - Answer- It reflects the position of a business at a point 
in time. 
Users of Accounting - Answer- Any organisation/business/individual who needs to keep 
track of their income, expenses, assets and liabi...
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ACA [ICAEW] – ACCOUNTING EXAM QUESTIONS AND ANSWERS
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ACA [ICAEW] – ACCOUNTING EXAM 
QUESTIONS AND ANSWERS 
Books of Original Entry - Answer- 1. Cash Book 
2. Sales Day Book (Credit Sales) 
3. Purchases Day Book (Credit Purchases) 
4. Petty Cash Book 
5. Journal Book 
6. The Payroll 
Statement of Financial Position - Answer- SOFP 
- Snapshot of assets controlled, liabilities owned and capital at a point in time 
Statement of Profit and Loss - Answer- Income and expenses over a period of time 
The Business entity concept - Answer- Business transac...
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PACKAGE DEAL OF ICAEW QUESTION AND ANSWER ALREADY PASSED 2024
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Dr Cr - ICAEW ACA Accounting Question and answers rated A+ 2024


Exam (elaborations)
ICAEW - ACA - BPT - Schemes for investment by individuals Questions with complete solution 2024


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ICAEW - ACA - F.M. - Financing options - Equity sources and dividend policy (chapter 7) Question and answers correctly solved 2024


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Dr Cr - ICAEW ACA Accounting Question and answers rated A+ 2024
- Exam (elaborations) • 10 pages • 2024
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Dr Cr - ICAEW ACA Accounting Question and answers rated A+ 2024 
(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 "Dr Expense 
Cr Accruals 
 
" 
Calculate whether a closing accrued income adjustment is required - correct answer "Dr Accrued income 
Cr Income 
 
" 
Calculat...
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ICAEW - ACA - BPT - Schemes for investment by individuals Questions with complete solution 2024
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ICAEW - ACA - BPT - Schemes for investment by individuals Questions with complete solution 2024 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 - qualifying individual - correct answer Individual over 18 subscribing for newly issued shares 
 
What must be invested in for a venture capital trust - qualifyin...
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ICAEW - ACA - F.M. - Financing options - Equity sources and dividend policy (chapter 7) Question and answers correctly solved 2024
- Exam (elaborations) • 3 pages • 2024
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ICAEW - ACA - F.M. - Financing options - Equity sources and dividend policy (chapter 7) Question and answers correctly solved 2024 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. 
 
What must you remember - correct answer that the cost of servicing the equity i.e. k.e will be the same regardless of the historic source of the funds. ...
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ICAEW - ACA - F.M. - Investment - Overview (chapter 1) Question and answers 2024 verified to pass
- Exam (elaborations) • 2 pages • 2024
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ICAEW - ACA - F.M. - Investment - Overview (chapter 1) Question and answers 2024 verified to pass 
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. resources available. stakeholder concerns. 
 
Financial strategy - correct answer Focuses on the financial decisions required to achieve the business str...
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ICAEW - ACA - F.M. - Managing financial risk Overseas trade Question and answers already passed 2024
- Exam (elaborations) • 7 pages • 2024
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ICAEW - ACA - F.M. - Managing financial risk Overseas trade Question and answers already passed 2024 
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 on conversion. 
 
What does transaction risk occur on - correct answer Imports and exports? 
 
Give an example of transaction risk on imports part 1 - correc...
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ICAEW ACA Accounting Question and answers correctly solved 2024
- Exam (elaborations) • 8 pages • 2024
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ICAEW ACA Accounting Question and answers correctly solved 2024 Accounting - correct answer A way of recording, analyzing and summarizing transactions of an entity. 
 
Statement of Profit and Loss - correct answer It reflects the performance of a business over a period of time. 
 
Statement of Financial Position - correct answer It reflects the position of a business at a point in time. 
 
Users of Accounting - correct answer Any organization/business/individual who needs to keep track of th...
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