Acca paper F1 fia diploma in Accounting and Business Accountant in Business (AB/fab) exam kit

This is an example of the important general principle known as: 
A 
controlled record access 
B 
segregation of duties 
C dual 
control 
D initiation 
control 
(2 marks)
201 H is preparing a receivables ledger reconciliation to check for any errors or frauds that 
may have occurred the month. What type of control is this an example of? 
A Preventive 
B Detective 
C Corrective 
D Physical 
(2 marks) 
202 
A is entering customer details onto a computer system. The system requires him to log in 
and checks that he is allowed to enter customer details. The system also checks that he has 
entered all the required information about the customer. 
These computer system controls will NOT ensure which of the following? 
A Completeness 
B Authorisation 
C Validity 
D Identification
 (2 
marks) 
203 Which TWO of the following are examples of general controls within IT systems? 
(i) 
Physical – such as protection against power surges. 
(ii) 
Logical – such as password systems 
(iii) 
Forensic – such as audit trails for all transactions 
(iv) Authorisation – such as ensuring that data entry is completed only by authorised 
personnel 
A 
(i), and (ii) only 
B 
(i) and (iv) only 
C 
(ii) and (iv) only 
D 
(iii) and (iv) only
 (2 
marks) 
 
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P AP E R F 1 ( F A B ) :
AC COU N TAN T IN B US INES S
 
46
KA P LA N P UBL I SH IN G 
204 Which of the following would be most likely to be classed as a preventive control? 
A 
Having a supervisor present on the shop floor at all times 
B 
Conducting regular receivables statement reconciliations 
C 
Year-end inventory checks 
D 
Establishing procedures for irrecoverable debt collection