This FR test simulates Sections A and B of the paper FR exam. Section A consists of 15 multiple choice questions, and Section B consists of 3 scenarios each having 5 multiple choice questions. All questions are worth 2 marks and all questions should be attempted.
(The real exam will also contain a Section C consisting of 2 long-form questions)
Please read the following carefully before attempting the test:
- The time allowed is 108 minutes
- You may skip questions and return to them later; also you may go back and change your answers, provided that it is within the time allowed
- You can attempt the test as many times as you like – the questions are drawn at random from a bank of questions and so each test will be different (although obviously sometimes some questions will be repeated).
- After you have finished the test, you will be given your mark (as a %) and will be given the option to review your answers so that you can see which questions you got right and which wrong. (Please note that you will not be shown the workings for the correct answer. If you are unsure as to how the answer is arrived at then please ask in the “Ask the ACCA Tutor Forum” BUT please copy and paste the question so that we know which question you are referring to. (Simply giving the question number is not sufficient because each test has different questions))
- If you choose to attempt another test, then a window will appear with ‘yes’ and ‘no’ buttons and a question mark! You should click on ‘no’ to start a new test.
The bank from which the questions are selected will be gradually expanded, so do visit the test again regularly ?
Take ACCA FR Mock exam
To benefit the most from this Mock Exam, please turn off all distractions and sit it under real exam conditions.
When you complete your exam, your result will be displayed instantly on the screen and you can review your answers.
Laila1000 says
Help needed for qurestion 12 please. Can anybody explain?
YejiNoh says
Q9 – why the lease liability is depreciated? and the operating lease should be one month?
Zorander says
Question 5
How do you arrive at a pup of $56,000
fungarwai says
Question 25 asked for the amount included in OCI but the answer works for the amount through P/L ?
adhi2001 says
Short term profit of 920.00 will be shown as a note in the P &L statement as OCI only . Because it does not belong to their main business.
Alisha19 says
Can anyone please help me with ques 19
Levo says
I also had this wrong, I think either the answer is wrong or the question is poorly worded, the opening liability of 5.4m may mean that on the TB it’s on the credit side so it’s an over provision.
In that case it’s -5.4m (o/b) + 22.8m (CY) + 4m (def tax CY increase)
That at least matches to the answer.. I picked 32.2 which is of course out by 5.4×2.
adhi2001 says
according to me, there are typing error I can see. The answer must be 24,400,000 and not 21,400,000. If anyone is having better answer, we can discuss on it.
tanishaladha says
help me with the que 29
fungarwai says
Divide $500,000 by 50 cents to get no. of shares 1,000,000 at 30 June,2016
There are 1,000,000×3/5=600,000 shares before right issue,
and 600,000×5/6=500,000 shares before bonus issue.
6/5 is bonus issue fraction
market price just before right issue was $1.9
exercise price is $1.5
TERP=(3×$1.9+2×$1.5)/5=$1.74
market price/TERP=$1.9/$1.74 is right issue fraction