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

Required:
(i)
For Company A select which combination of dimensions apply from the grid above. (For example A1)
(1 mark)
(ii) For Company B select which combination of dimensions apply from the grid above. (For example A1)
(1 mark)
(iii) For Company C select which combination of dimensions apply from the grid above. (For example A1)
(1 mark)
(iv) For Company D select which combination of dimensions apply from the grid above. (For example A1)
(1 mark)
(4 marks)
End Question Paper
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Answers
Download Free Acca,ca study materials from WWW.ACCOUNTANCYWALLS.COM

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Fundamentals Level – Knowledge Module, Paper F1
Accountant in Business
Specimen Exam Answers
Section A
1
B
The IASB aims to promote consistency in corporate reporting by creating financial reporting standards to which major
businesses are expected to adhere.
2
B
The Ashridge model identifies four styles: autocratic; authoritarian; consultative; laissez-faire (or participative). The first of
these is the least participative.
3
B
Negotiation gives the best opportunity for the two sides in a conflict to converge their positions. The other options either
involve backing down, forcing a position, potentially increasing conflict, or leaving the issue unresolved.
4
B
Mentors usually help staff on broader work related development, including orientation and induction. Coaches work on
developing specific skills of the job itself, while counsellors work with people on a personal level, perhaps if they are having
non-work related or emotional problems.