2020年ACCA考试合格证书去哪儿领取?

发布时间:2020-02-29


随着新年的到来,一些通过ACCA考的小伙伴也开始在网上查询考试合格证书领取的相关内容。鉴于此,51题库考试学习网在下面为大家带来2020ACCA考试合格证书的相关信息,以供参考。

ACCA考试合格证书属于电子证书,因此并不需要领取。当你做完每个阶段的线上测试之后,等待三五天的时间,ACCA官方审核通过后,就会自动生成ACCA考试合格证书,证书为PDF版本,有需要的小伙伴可自行下载打印。具体打印流程为:

  1.登录MYACCA,点击Exam Status&Results

  2.点击右边的Print a Certificate,会出现以下页面,点击View Certificate选择证书点击下载即可。

  通过考试仅为第一步,想要成为ACCA会员还有其他要求:当你学完了ACCA的所有课程,且通过了考试,并在线完成相应的Professionalism and ethics学习和测试,还必须具备三年及以上的工作经验,才可以进行申请。提交申请后,需要通过审核才能正式成为ACCA会员。

  具体申请流程为:登录ACCA网站下载并填写《ACCA会员申请表》,并在满足会员必要条件后向ACCA递交ACCA会员申请表。ACCA总部会对申请人进行资料审核,审核通过后,会为申请人颁发ACCA会员证书,一般这个过程需要两个月的时间。等拿到证书后,小伙伴们就是正式的ACCA会员了。

以上就是关于ACCA考试合格证书的相关情况。51题库考试学习网提醒:通过考试是获得ACCA会员资格的第一步,也是最重要的一步,请各位考生注意。最后,51题库考试学习网预祝准备参加2020ACCA考试的小伙伴都能顺利通过。


下面小编为大家准备了 ACCA考试 的相关考题,供大家学习参考。

(c) Advise Alan on the proposed disposal of the shares in Mobile Ltd. Your answer should include calculations

of the potential capital gain, and explain any options available to Alan to reduce this tax liability. (7 marks)

正确答案:

 

However, an exemption from corporation tax exists for any gain arising when a trading company (or member of a trading
group) sells the whole or any part of a substantial shareholding in another trading company.
A substantial shareholding is one where the investing company holds 10% of the ordinary share capital and is beneficially
entitled to at least 10% of the
(i) profits available for distribution to equity holders and
(ii) assets of the company available for distribution to equity holders on a winding up.
In meeting the 10% test, shares owned by a chargeable gains group may be amalgamated. The 10% test must have been
met for a continuous 12 month period during the 2 years preceding the disposal.
The companies making the disposals must have been trading companies (or members of a trading group) throughout the
12 month period, as well as at the date of disposal. In addition, they must also be trading companies (or members of a trading
group) immediately after the disposal.
The exemption is given automatically, and acts to deny losses as well as eliminate gains.
While Alantech Ltd has owned its holding in Mobile Ltd for 33 months, its ownership of the Boron holding has only lasted
for 10 months (at 1 June 2005) since Boron was acquired on 1 July 2004. Selling the shares in June 2005 will fail the
12 month test, and the gain will become chargeable.
It would be better for the companies to wait for a further month until July 2005 before selling the amalgamated shareholding.
By doing so, they will both be able to take advantage of the substantial shareholdings relief, thereby saving tax of £29,625
assuming a corporation tax rate of 19%.


(c) Briefly describe five factors to be taken into account when deciding whether to use recruitment consultants.(5 marks)

正确答案:
(c) An organisation considering the use of external recruitment consultants would make its decision upon the availability, level and appropriateness of expertise available within the host organisation and its likely effectiveness, together with the cost of using consultants set against the cost of using the organisation’s own staff. The organisation should consider the level of expertise required of potential employees and therefore the appropriate knowledge required of the consultants and the need for impartiality or security which may be of particular importance for some organisations. In addition, the views of internal staff as to the likely effect of using outside consultants must be considered, as is the effect the use of consultants might have on the need to develop expertise within the organisation.

(ii) State when the inheritance tax (IHT) calculated in (i) would be payable and by whom. (2 marks)

正确答案:
(ii) Inheritance tax administration
The tax on Debbie’s estate (personalty and realty) would be paid by the personal representatives, usually an executor.
Inheritance tax is due six months from the end of the month in which death occurred (31 December 2005) or the date
on which probate is obtained (if earlier). However, an instalment option is available for certain assets, which includes
land and buildings i.e. the residence whereby the tax can be paid in 10 equal annual instalments.

1 Your client, Island Co, is a manufacturer of machinery used in the coal extraction industry. You are currently planning

the audit of the financial statements for the year ended 30 November 2007. The draft financial statements show

revenue of $125 million (2006 – $103 million), profit before tax of $5·6 million (2006 – $5·1 million) and total

assets of $95 million (2006 – $90 million). Your firm was appointed as auditor to Island Co for the first time in June

2007.

Island Co designs, constructs and installs machinery for five key customers. Payment is due in three instalments: 50%

is due when the order is confirmed (stage one), 25% on delivery of the machinery (stage two), and 25% on successful

installation in the customer’s coal mine (stage three). Generally it takes six months from the order being finalised until

the final installation.

At 30 November, there is an amount outstanding of $2·85 million from Jacks Mine Co. The amount is a disputed

stage three payment. Jacks Mine Co is refusing to pay until the machinery, which was installed in August 2007, is

running at 100% efficiency.

One customer, Sawyer Co, communicated in November 2007, via its lawyers with Island Co, claiming damages for

injuries suffered by a drilling machine operator whose arm was severely injured when a machine malfunctioned. Kate

Shannon, the chief executive officer of Island Co, has told you that the claim is being ignored as it is generally known

that Sawyer Co has a poor health and safety record, and thus the accident was their fault. Two orders which were

placed by Sawyer Co in October 2007 have been cancelled.

Work in progress is valued at $8·5 million at 30 November 2007. A physical inventory count was held on

17 November 2007. The chief engineer estimated the stage of completion of each machine at that date. One of the

major components included in the coal extracting machinery is now being sourced from overseas. The new supplier,

Locke Co, is located in Spain and invoices Island Co in euros. There is a trade payable of $1·5 million owing to Locke

Co recorded within current liabilities.

All machines are supplied carrying a one year warranty. A warranty provision is recognised on the balance sheet at

$2·5 million (2006 – $2·4 million). Kate Shannon estimates the cost of repairing defective machinery reported by

customers, and this estimate forms the basis of the provision.

Kate Shannon owns 60% of the shares in Island Co. She also owns 55% of Pacific Co, which leases a head office to

Island Co. Kate is considering selling some of her shares in Island Co in late January 2008, and would like the audit

to be finished by that time.

Required:

(a) Using the information provided, identify and explain the principal audit risks, and any other matters to be

considered when planning the final audit for Island Co for the year ended 30 November 2007.

Note: your answer should be presented in the format of briefing notes to be used at a planning meeting.

Requirement (a) includes 2 professional marks. (13 marks)

正确答案:
1 ISLAND CO
(a) Briefing Notes
Subject: Principal Audit Risks – Island Co
Revenue Recognition – timing
Island Co raises sales invoices in three stages. There is potential for breach of IAS 18 Revenue, which states that revenue
should only be recognised once the seller has the right to receive it, in other words the seller has performed its contractual
obligations. This right does not necessarily correspond to amounts falling due for payment in accordance with an invoice
schedule agreed with a customer as part of a contract. Island Co appears to receive payment from its customers in advance
of performing any obligation, as the stage one invoice is raised when an order is confirmed i.e. before any work has actually
taken place. This creates the potential for revenue to be recognised too early, in advance of any performance of contractual
obligation. When a payment is received in advance of performance, a liability should be recognised equal to the amount
received, representing the obligation under the contract. Therefore a significant risk is that revenue is overstated and liabilities
understated.
Tutorial note: Equivalent guidance is also provided in IAS 11 Construction Contracts and credit will be awarded where
candidates discuss revenue recognition under IAS 11 as Island Co is providing a single substantial asset for a customer
under the terms of a contract.
Disputed receivable
The amount owed from Jacks Mine Co is highly material as it represents 50·9% of profit before tax, 2·3% of revenue, and
3% of total assets. The risk is that the receivable is overstated if no impairment of the disputed receivable is recognised.
Legal claim
The claim should be investigated seriously by Island Co. The chief executive officer’s (CEO) opinion that the claim will not
result in any financial consequence for Island Co is na?ve and flippant. Damages could be awarded against Island Co if it is
found that the machinery is faulty. The recurring high level of warranty provision implies that machinery faults are fairly
common and therefore the accident could be the result of a defective machine being supplied to Sawyer Co. The risk is that
no provision is created for the potential damages under IAS 37 Provisions, Contingent Liabilities and Contingent Assets, if the
likelihood of paying damages is considered probable. Alternatively, if the likelihood of damages being paid to Sawyer Co is
considered a possibility then a disclosure note should be made in the financial statements describing the nature and possible
financial effect of the contingent liability. As discussed below, the CEO, Kate Shannon, has an incentive not to make a
provision or disclose a contingent liability due to the planned share sale post year end.
A further risk is that any legal fees associated with the claim have not been accrued within the financial statements. As the
claim has arisen during the year, the expense must be included in this year’s income statement, even if the claim is still ongoing
at the year end.
The fact that the legal claim is effectively being ignored may cast doubts on the overall integrity of senior management, and
on the integrity of the financial statements. Management representations should be approached with a degree of professional
scepticism during the audit.
Sawyer Co has cancelled two orders. If the amounts are still outstanding at the year end then it is highly likely that Sawyer
Co will not pay the invoiced amounts, and thus receivables are overstated. If the stage one payments have already been made,
then Sawyer Co may claim a refund, in which case a provision should be made to repay the amount, or a contingent liability
disclosed in a note to the financial statements.
Sawyer Co is one of only five major customers, and losing this customer could have future going concern implications for
Island Co if a new source of revenue cannot be found to replace the lost income stream from Sawyer Co. If the legal claim
becomes public knowledge, and if Island Co is found to have supplied faulty machinery, then it will be difficult to attract new
customers.
A case of this nature could bring bad publicity to Island Co, a potential going concern issue if it results in any of the five key
customers terminating orders with Island Co. The auditors should plan to extend the going concern work programme to
incorporate the issues noted above.
Inventories
Work in progress is material to the financial statements, representing 8·9% of total assets. The inventory count was held two
weeks prior to the year end. There is an inherent risk that the valuation has not been correctly rolled forward to a year end
position.
The key risk is the estimation of the stage of completion of work in progress. This is subjective, and knowledge appears to
be confined to the chief engineer. Inventory could be overvalued if the machines are assessed to be more complete than they
actually are at the year end. Absorption of labour costs and overheads into each machine is a complex calculation and must
be done consistently with previous years.
It will also be important that consumable inventories not yet utilised on a machine, e.g. screws, nuts and bolts, are correctly
valued and included as inventories of raw materials within current assets.
Overseas supplier
As the supplier is new, controls may not yet have been established over the recording of foreign currency transactions.
Inherent risk is high as the trade payable should be retranslated using the year end exchange rate per IAS 21 The Effects of
Changes in Foreign Exchange Rates. If the retranslation is not performed at the year end, the trade payable could be
significantly over or under valued, depending on the movement of the dollar to euro exchange rate between the purchase date
and the year end. The components should remain at historic cost within inventory valuation and should not be retranslated
at the year end.
Warranty provision
The warranty provision is material at 2·6% of total assets (2006 – 2·7%). The provision has increased by only $100,000,
an increase of 4·2%, compared to a revenue increase of 21·4%. This could indicate an underprovision as the percentage
change in revenue would be expected to be in line with the percentage change in the warranty provision, unless significant
improvements had been made to the quality of machines installed for customers during the year. This appears unlikely given
the legal claim by Sawyer Co, and the machines installed at Jacks Mine Co operating inefficiently. The basis of the estimate
could be understated to avoid charging the increase in the provision as an expense through the income statement. This is of
special concern given that it is the CEO and majority shareholder who estimates the warranty provision.
Majority shareholder
Kate Shannon exerts control over Island Co via a majority shareholding, and by holding the position of CEO. This greatly
increases the inherent risk that the financial statements could be deliberately misstated, i.e. overvaluation of assets,
undervaluation of liabilities, and thus overstatement of profits. The risk is severe at this year end as Kate Shannon is hoping
to sell some Island Co shares post year end. As the price that she receives for these shares will be to a large extent influenced
by the balance sheet position of the company at 30 November 2007, she has a definite interest in manipulating the financial
statements for her own personal benefit. For example:
– Not recognising a provision or contingent liability for the legal claim from Sawyer Co
– Not providing for the potentially irrecoverable receivable from Jacks Mines Co
– Not increasing the warranty provision
– Recognising revenue earlier than permitted by IAS 18 Revenue.
Related party transactions
Kate Shannon controls Island Co and also controls Pacific Co. Transactions between the two companies should be disclosed
per IAS 24 Related Party Disclosures. There is risk that not all transactions have been disclosed, or that a transaction has
been disclosed at an inappropriate value. Details of the lease contract between the two companies should be disclosed within
a note to the financial statements, in particular, any amounts owed from Island Co to Pacific Co at 30 November 2007 should
be disclosed.
Other issues
– Kate Shannon wants the audit to be completed as soon as possible, which brings forward the deadline for completion
of the audit. The audit team may not have time to complete all necessary procedures, or there may not be time for
adequate reviews to be carried out on the work performed. Detection risk, and thus audit risk is increased, and the
overall quality of the audit could be jeopardised.
– This is especially important given that this is the first year audit and therefore the audit team will be working with a
steep learning curve. Audit procedures may take longer than originally planned, yet there is little time to extend
procedures where necessary.
– Kate Shannon may also exert considerable influence on the members of the audit team to ensure that the financial
statements show the best possible position of Island Co in view of her share sale. It is crucial that the audit team
members adhere strictly to ethical guidelines and that independence is beyond question.
– Due to the seriousness of the matters noted above, a final matter to be considered at the planning stage is that a second
partner review (Engagement Quality Control Review) should be considered for the audit this year end. A suitable
independent reviewer should be indentified, and time planned and budgeted for at the end of the assignment.
Conclusion
From the range of issues discussed in these briefing notes, it can be seen that the audit of Island Co will be a relatively high
risk engagement.

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