COMPANY ACCOUNTS
QUESTION 1
April 2024 Question Six A
Highlight FIVE roles of the board of directors in the oversight of company accounts under company law in your country. (5 marks)
QUESTION 2
April 2024 Question Seven A
In relation to company accounts, outline SEVEN consequences of non-compliance with accounting standards and disclosure requirements. (7 marks)
QUESTION 3
December 2023 Question Four B
Explain FIVE key components that must be included in the financial reports of a company in your country. (5 marks)
QUESTION 4
August 2023 Question Three A
Explain THREE pieces of information that a Director’s report must contain once a company has issued debentures in any financial year. (6 marks)
QUESTION 5
August 2023 Question Four A
State SIX elements of proper accounting records under company law. (6 marks)
QUESTION 6
April 2023 Question Four C
Directors are required to prepare a director’s report to accompany the financial statement presented to members.
Highlight FOUR matters captured in a director’s report. (8 marks)
QUESTION 7
December 2022 Question Seven A
Directors are required to prepare a directors’ report to accompany the annual financial statements presented to members at an Annual General Meeting (AGM).
Describe FIVE matters that must be captured in a directors’ report. (10 marks)
QUESTION 8
August 2022 Question Two A
In relation to company accounts:
(i) Define the term “annual financial statements”. (2 marks)
(ii) Outline four financial statements prepared by a company annually. (4 marks)
QUESTION 9
April 2022 Question Seven B
Analyse six circumstances under which the accounts of a subsidiary need not be incorporated into the group accounts. (6 marks)
QUESTION 10
December 2021 Question Three A
(i) Define the term “holding company”. (2 marks)
(ii) Outline four purposes of group accounts. (8 marks)
QUESTION 11
December 2021 Question Seven B
On forming the view that the company is or will be unable to pay its debts the liquidator shall among other things prepare a statement setting out the financial position of the company.
Describe five categories of information that a company’s statement of financial position should contain. (10 marks)
QUESTION 12
December 2021 Pilot Paper Question Five
(a) Give five documents that form a quoted company’s annual reports. (10 marks)
(b) Explain three requirements for a company’s proper accounting records. (6 marks)
(c) Highlight two contents of a company’s financial records. (4 marks)
QUESTION 13
September 2021 Question Seven C
With reference to a quoted company, identify five contents of its annual financial statements and reports for a financial year. (5 marks)
QUESTION 14
May 2021 Question Four B
Identify four uses of a statement of profit or loss. (4 marks)
QUESTION 15
May 2019 Question six B (ii)
With regard to company accounts, audit and investigation:
(ii) Enumerate seven requirements for group financial statements. (7 marks)
QUESTION 16
May 2018 Question three A
(i) Highlight four books of account that a company is required to maintain. (4 marks)
(ii) Outline four purposes of a profit and loss account of a company. (4 marks)
QUESTION 17
November 2017 Question one B
Outline four circumstances when group accounts of a holding company need not include the accounts of its subsidiary. (4 marks)
