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

Required:
(i) 
Select the ethical approach that appropriately fills gap 1 above; i.e. select A, 
B, C or D.
 
If company W decided to redesign the factory in order to minimise the impact on the 
residents and environment, but still make an overall (though lesser) profit than 
before, its approach to ethics would now be _2_. 
Required: 
(ii) 
Select the ethical approach that appropriately fills gap 2 above; i.e. select A, 
B, C or D.
 
(1 mark each = 2 marks in total) 
(Total: 4 marks) 
 
Download Free Acca,ca study materials from WWW.ACCOUNTANCYWALLS.COM

---

PRACTICE MULTI-TASK QUESTIONS : 
S E CTI ON 2
K APLA N PUBLISH ING 
121 
48
(a) 
Accountancy is an example of a profession. Consider the following features: 
A 
Legal backing for the status of ‘profession’ 
B 
Limitation on the number of trainees that can be taken on each period 
C 
Oversight by an international body 
D 
Learning of specialist skills in a training period 
E 
Compliance with an ethical code 
F 
A certification process before being allowed to practise 
G 
Rigorous selection of candidates before they are allowed to train 
H 
Governance by a professional body 
Required: 
Write down which FOUR of the above are features of a profession (as opposed to 
an occupation) by selecting FOUR from A-H. 
(0.5 marks each, total = 2 marks) 
(b) 
Professional accountants have to abide by a number of ethical principles, including: 
A Integrity 
B Objectivity 
C Confidentiality 
D Professional 
competence 
The following sentences contain gaps relating to one of the above ethical principles. 
J is a qualified accountant. She has recently faced an ethical threat of self-review. If 
she does nothing to deal with this, she will have breached her requirement to act 
with _1_.