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June 2012 exam

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › June 2012 exam

  • This topic has 2 replies, 2 voices, and was last updated 8 years ago by AvatarKen Garrett.
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  • September 6, 2017 at 1:55 pm #406025
    AvatarAnuja Nair
    Member
    • Topics: 365
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    • ☆☆☆☆

    Hi sir for june 2012 exam question 1a) the deficiency regarding the purchase requisitions being authorised by the production supervisors .

    In the answer key they states that the production supervisors are not sufficiently independent or senior enough to authorise capital expenditure.

    What do they mean by the production supervisors are not independent ? Do they mean that the requisition forms should be completed by the production supervisor but should be authorised and signed by the production manager or director.

    How is this different from june 2015 exam question 4 ?

    September 6, 2017 at 1:56 pm #406026
    AvatarAnuja Nair
    Member
    • Topics: 365
    • Replies: 353
    • ☆☆☆☆

    What do they mean by the production supervisors are not independent and senior enough * ?

    September 8, 2017 at 7:11 am #406649
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10660
    • ☆☆☆☆☆

    Usually capital expemditure requires authorisation from swnior levels. It is relatively rare, can be large and represwnts a cash outflow that is not normally quickly reversible.

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