Bpp learning Media is an acca approved Content Provider

(2 marks)
40 
Most management reports are made meaningful by the use of 
comparison
. Which of the 
following comparisons is/are likely to be made by an organisation in reviewing financial data? 
Select all that apply. 

With other organisations 

With 
forecast 

With 
budget 

With prior periods 
(2 marks)
BPP Tutor Toolkit Copy

---

PRACTICE QUESTION BANK 
 
521 
41 
Management reports are often used to make comparisons within the organisation. Where 
comparisons are made between products, what measure would be used? 

Gross 
profit 

Contribution 

Net 
profit 

Return on capital 
(2 marks)
42 
GHI Ltd has a computerised accounting system. The system produces various reports and the 
draft financial statements. 
(a) 
What output would you expect to get from the sales ledger accounting system?

Bank 
statement 

Aged receivables listing 

Aged payables listing 

List of bankings 
(b) 
What information is included in the statement of financial position?
 
Yes 
No 
Income 


Assets 


Expenses 


Liabilities 


Sources of cash generated and spent 


(4 marks)
43
 
An organisation has a policy of checking all invoices from suppliers against goods-received notes 
before paying the invoices. 
This is an example of what type of control procedure?

Accounting 
controls 

Correct 
controls 

Detect 
controls 

Prevent 
controls 
(2 marks)
44 
Which form of cyber security involves physical as well as software protection? 

Access 
control 

Boundary 
firewall 

Internet 
gateway. 

Malware 
protection