Some ACCA F1 exam questions from my CBE. GOOD LUCK

Passed ACCA F1 a couple of days ago (CBE), managed to finish all the questions just under one hour. Started to take note of some of the questions I wasn’t sure of in case failing the exam as I had quite a lot of time left. Glad I passed. The followings are the notes I took from the version in my exam. I hope it’ll help others to pass their exam. Good luck!

1. Duty of audit committee
2. Connected stakeholder (choose from the a list)
3. Characteristic of “assimilating”
4. Which trend can be described by “demography”
• Economic
• Population
• Globalisation
• Employment
5. the advantage of service provision
• happy customer, better company reputation
• reduce marketing cost as customer retained
• reduce in cost of distribution
• reduced wage costs in service department during low activity

6. what’s mechanism of internal control?
7. who would be the “loser” of rapid inflation
• saver
• borrower
• business with large overdrafts
• non-unionised labour
8. what aspect does external audit assess internal audit about?
9. scrutinised draft financial statement is concerned with which of the following
• reliability
• comprehensiveness
• relevance
• comparability
10. informal organization and formal organisation co-exist aloneside, under what circumstances this relation hindered?
• tall organisation
• flat organisation
• organisation in transition
11. a question about X and Y theory. John believes employees value security above all, Tom believes contribution, meaningful goal is more important for employees. Who is using Y theory?
• Neither
• John
• Tom
• Both
12. Government is trying to increase employment via immediate growth of private sector, which of the following measures will be used?
• Reduce public sector spending
• Reduce public sector borrowing
• Reduce income tax
• Increase interest
13. What a mispresented financial statement will result in?
• false share price
• reduction of working capital
• incorrect decision
14. general system control
• training new staff
• testing & document of program changes
15. A team has been working together very well for a period of time, they have now felt that they have achieved the purpose of forming the team initially: getter financial situation and decide it’s time to split and concentrate on their personal goals. Which stage is this team at??
• Storming
• Norming
• Adjourning
• Forming
16. A company employed a Financial controller and treasury manager, which of the following would be the duties of the financial controller
• Providing accounts reports for the other department
• Preparing costing for new products
• Payroll
• Investing surplus
17. Which member(s) of the committee should sign the minutes at a committee meeting to confirm it’s the true and accurate record.
• Chairman
• Any 2 members
• Secretary
18. Which of the following is the Greek god did Handy liken to role culture
19. Honey and Mumford learning style, what’s the characteristic of pragmatist
• Step back & observe
• Try out new idea and see if work in practice
• Involve themselves fully without bias to new experience
• Adapt and integrate info step by step
20. True or False, in a flat organisation structure
• Supervisor has more personal relationship with employees
• Structure more adaptable to a participative form of management.
21. What would be Intrinsic rewards for John, who is a journalist, with good salary, enjoys getting exclusive stories, being mentioned in the headlines, excited about various of work he gets involved…..
• Getting exclusive
• Variety of work
• Status of position
• Good pay
22. Fayol’s theory: function of management
23. Porter’s 5 forces
24. Which of following has the highest richness of information
• Emails
• Memos
• Telephone
• Face to face
25. Tom’s work involves print monthly budget report, budget cost & control cost and any variance occurred. What management information system would Tom needs??
26. Vroom theory emphasised on
• Process
• Content
27. Who’s theory interested in “meeting basic human needs”
• Maslow
• Honey&mumford
• McGregor