F4 Revision Test (ENG)

Please take ACCA F4 Revision Test

To complete the quiz you must answer all 20 questions, then you will be shown the results and the correct answers.

(This quiz selects 20 questions at random from the bank of over 100 questions, so do try the test again)


1. A 4% preference share is entitled to

 
 
 
 

Question 1 of 20

2. Is this statement true? “On a liquidation, the floating charge debenture holders are paid in priority to all others.  Their claim “floats” to the top of those people who are owed by the company”

 
 

Question 2 of 20

3. The decision of a Court can be broken down into two elements. Please tick the box which

 
 
 
 
 

Question 3 of 20

4. What sort of remedy is “action of price”?

 
 

Question 4 of 20

5. ICC is the abbreviation for:

 
 
 
 

Question 5 of 20

6. Is that statement true? “As a general rule, an advert is taken to be an offer capable of acceptance”.  

 
 

Question 6 of 20

7. In order that a company may reduce its share capital, it requires three authorities. Which one below is NOT one of them?

 
 
 
 

Question 7 of 20

8. When an employee is dismissed in breach of contract and, as a result, they have suffered loss, this is classified as what type of dismissal?

 
 
 
 
 

Question 8 of 20

9. In company law what is the literal translation of “ultra vires” in the context of directors’ actions?

 
 
 
 

Question 9 of 20

10. The terms may NOT be implied into a contract by

 
 
 
 

Question 10 of 20

11. There are three ways of incorporating a company. Which of these is NOT one of them?

 
 
 
 

Question 11 of 20

12. In a situation where the Court is faced with having to interpret statute, the Court will apply the Golden Rule if the application of the Literal Rule would lead to *****.   What is *****?

Question 12 of 20

13. What is the highest court in the English legal system?

 
 
 
 

Question 13 of 20

14. What sort of resolution is required if a company wishes to change the company name?

 
 
 
 
 

Question 14 of 20

15. To be valid, a charge must be registered with the Registrar of Companies within how many days of its creation?

 
 
 
 
 

Question 15 of 20

16. What word is used to describe what has happened to the original decision when a case goes to appeal and the appeal is won?

 
 
 
 

Question 16 of 20

17. Is this statement true? “The duty of care owed by accountants is greater when advising on take-overs than when auditing”.

 
 

Question 17 of 20

18. At the first annual general meeting of a public company, what proportion of the directors must retire and (may) seek re-election?

 
 
 
 

Question 18 of 20

19. The “Boots case” illustrates what principle of law?

 
 
 
 

Question 19 of 20

20. In very rare cases the Courts are prepared to look to see who are the actual beneficial owners of a company.   This is called:

 
 
 
 

Question 20 of 20