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

Required: 
Identify which FOUR of the above statements are consistent with TGD’s proposed 
shift to a set of formal procedures by writing down FOUR letters from A-H. 
 
 
(0.5 marks each = 2 marks total) 
(b) 
TGD’s managers are also examining their purchasing system and have identified the 
following stages: 
A Ordering 
B Goods 
received 
C Requisition 
D Invoice 
recorded 
Required: 
Place the stages into the correct order, beginning with the earliest, by writing the 
letters A-D in the correct order. 
(0.5 marks each, total = 2 marks) 
(Total: 4 marks) 
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PRACTICE MULTI-TASK QUESTIONS : 
S E CTI ON 2
K APLA N PUBLISH ING 
97 
23
(a) 
PDP makes and sells computer monitors. It is considering the introduction of a 
number of controls during the next year, including: 
A 
Authorisation of timesheets 
B Bank 
reconciliations 
C 
Checking creditworthiness of customers 
D 
Agreeing goods received notes to invoices received 
Required: 
Identify the control above which is associated with each of the following systems 
within PDP, by writing A, B, C or D. 
(i) Purchases 
system 
(ii) Sales 
system 
(iii) Cash 
system 
(iv) 
Payroll system 
(0.5 marks each, total = 2 marks) 
(b) 
Below are a number of statements regarding automated systems, when compared to 
manual systems. 
A 
In small businesses, automated systems will be cheaper to develop and 
implement than manual systems 
B 
Automated systems will reduce the amount of training required for new staff 
members 
C 
Automated systems ensure that transactions are processed in a uniform way 
D 
There is increased chance of data corruption in an automated system 
E 
Automated systems eliminate the risk of fraud or misstatement 
F 
Automated systems reduce management’s ability to quickly produce reports 
and analyse information 
G 
Automated systems allow increased supervision of employees by management 
H 
Automation of systems may lead to a lack of segregation of functions