点击查看:2020年ACCA考试练习试题分享10

发布时间:2020-09-04


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Question:

In relation to employment law, explain the meaning of redundancy and the rules which govern it.

Answer:

Redundancy is defined in s.139(1) Employment Rights Act (ERA) 1996 as being: \'if the dismissal is wholly or mainly attributable to:

(a) the fact that his employer has ceased, or intends to cease,

(i) to carry on the business for the purposes of which the employee was employed by him.

(ii) to carry on that business in the place where the employee was so employed

(b) the fact that the requirements of that business

(i) for employees to carry out work of a particular kind

(ii) for employees to carry out work of a particular kind in the place where the employee was so employed by the employer, have ceased or diminished or are expected to cease or diminish.

In order to qualify for redundancy payments, an employee must have been continuously employed by the same employer or associated company for a period of two years. At the outset of redundancy proceedings the onus is placed on the employee to show that they have been dismissed, which they do by demonstrating that they are covered by s.136 ERA 1996, which provides four types of dismissal. These are:

(i) the contract of employment is terminated by the employer with or without notice;

(ii) a fixed term contract has expired and has not been renewed;

(iii) the employee terminates the contract with or without notice in circumstances which are such that he or she is entitled to terminate it without notice by reason of the employer\'s conduct;

(iv) the contract is terminated by the death of the employer, or the dissolution or liquidation of the firm.

Once dismissal has been established, a presumption in favour of redundancy operates and the onus shifts to the employer to show that redundancy was not the reason for the dismissal.

Employees who have been dismissed by way of redundancy are entitled to claim a redundancy payment from their former employer. Under ERA 1996, the actual figures are calculated on the basis of the person\'s age, length of continuous service and weekly rate of pay subject to statutory maxima. Thus employees between the ages of 18 and 21 are entitled to ? week\'s pay for each year of service, those between 22 and 40 are entitled to 1 week\'s pay for every year of service, and those between 41 and 65 are entitled to 1? weeks\' pay for every year of service.

The maximum number of years service which can be claimed is 20 and as the maximum level of pay which can be claimed is £430, the maximum total which can be claimed is £12,900 (i.e. 1·5 x 20 x 430).

Disputes in relation to redundancy claims are heard before an Employment Tribunal and on appeal go to the Employment Appeal Tribunal. The employer must act as would be expected of a \'reasonable employer\' and in determining whether the employer has acted reasonably, the Employment Tribunal will consider whether, in the circumstances \'including the size and administrative resources of the employer\'s undertaking, the employer acted reasonably or unreasonably in treating it as a sufficient reason for dismissing the employee\' (s.98(4) ERA 1996). Reasonable employers should follow the ACAS Code of Practice on Disciplinary and Grievance Procedures in relation to the way they discipline and dismiss their employees. Thus redundancy, per se, does not provide a justification for dismissal, unless the employer had introduced and operated a proper redundancy scheme, which included, preferably, objective criteria for deciding who should be made redundant, and provided for the consideration of redeployment rather than redundancy.

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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。

The following information is available for a manufacturing company which produces multiple products:

(i) The product mix ratio

(ii) Contribution to sales ratio for each product

(iii) General fixed costs

(iv) Method of apportioning general fixed costs

Which of the above are required in order to calculate the break-even sales revenue for the company?

A.All of the above

B.(i), (ii) and (iii) only

C.(i), (iii) and (iv) only

D.(ii) and (iii) only

正确答案:B

The method of apportioning general fixed costs is not required to calculate the break-even sales revenue.


(b) During the inventory count on 31 December, some goods which had cost $80,000 were found to be damaged.

In February 2005 the damaged goods were sold for $85,000 by an agent who received a 10% commission out

of the sale proceeds. (2 marks)

Required:

Advise the directors on the correct treatment of these matters, stating the relevant accounting standard which

justifies your answer in each case.

NOTE: The mark allocation is shown against each of the three matters.

正确答案:
(b) The inventories should be valued at the lower of cost and net realisable value. Cost is $80,000, net realisable value is
$85,000 less 10%, or $76,500. The net realisable value of $76,500 should therefore be taken (IAS2 Inventories)

(b) A summary of the information needed to satisfy our obligations under the money laundering legislation and

any action that should be taken before agreeing to become tax advisers to the Saturn Ltd group. (5 marks)

正确答案:
(b) Before agreeing to become tax advisers to the Saturn Ltd group
Information needed:
– Proof of incorporation and primary business address and registered office.
– The structure, directors and shareholders of the company.
– The identities of those persons instructing the firm on behalf of the company and those persons that are authorised to
do so.
Action to take:
– Consider whether becoming tax advisers to the Saturn Ltd group would create any threats to compliance with the
fundamental principles of professional ethics, for example integrity and professional competence. Where such threats
exist, we should not accept the appointment unless the threats can be reduced to an acceptable level via the
implementation of safeguards.
– Contact the existing tax adviser in order to ensure that there has been no action by the Saturn Ltd group that would, on
ethical grounds, preclude us from accepting appointment.

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