Icaew aca accounting - Study guides, Class notes & Summaries

ACA [ICAEW] – ACCOUNTING (2023/2024) ALREADY GRADED A Books of Original Entry 1. Cash Book 2. Sales Day Book (Credit Sales) 3. Purchases Day Book (Credit Purchases) 4. Petty Cash Book 5. Journal Book 6. The Payroll Statement of Financial Position SOFP - Snapshot of assets controlled, liabilities owned and capital at a point in time Statement of Profit and Loss Income and expenses over a period of time The Business entity concept Business transactions should be kept separate from the persona...

ICAEW – ACA Fundamental Dr/Cr Accounting Exam Review Questions and Answers 2023/2024 (generic) cash paid during the year in expense ledger - correct answer "dr expense Cr cash " (generic) cash paid received the year in income ledger - correct answer "dr cash Cr income " Calculate whether a closing accrual is required - correct answer "dr expense Cr accruals " Calculate whether a closing accrued income adjustment is required - correct answer "dr accrued income Cr inco...

ACA [ICAEW] – ACCOUNTING EXAM QUESTIONS AND ANSWERS Books of Original Entry - Answer- 1. Cash Book 2. Sales Day Book (Credit Sales) 3. Purchases Day Book (Credit Purchases) 4. Petty Cash Book 5. Journal Book 6. The Payroll Statement of Financial Position - Answer- SOFP - Snapshot of assets controlled, liabilities owned and capital at a point in time Statement of Profit and Loss - Answer- Income and expenses over a period of time The Business entity concept - Answer- Business transac...

ACA - Assurance Exam Questions With 100% Correct Answers what are audit documentations? - answerRECORD of procedures performed, relevant evidence obtained and conclusions reached why should assurance providers record their work? - answer- assist audit team to plan and perform audit - assist relevant members to direct and supervise work - enable audit team to be accountable (prove adherence to ISA) - retain record of matters to future audits - enable experienced auditor to carry out qual...

ACA - Assurance Exam Questions With 100% Correct Answers what are audit documentations? - answerRECORD of procedures performed, relevant evidence obtained and conclusions reached why should assurance providers record their work? - answer- assist audit team to plan and perform audit - assist relevant members to direct and supervise work - enable audit team to be accountable (prove adherence to ISA) - retain record of matters to future audits - enable experienced auditor to carry out qual...

ACA [ICAEW] – ACCOUNTING questions with correct answers

ACA [ICAEW] – ACCOUNTING EXAM 2024 QUESTIONS & ANSWERS {Latest 2024 Edition} Sample Question & Answer: ICAEW Code of Ethics - Answer -- Demonstrate highest standards of professional conduct and take public interest into consideration - Maintain reputation of accounting profession

ICAEW - ACA - F.M Assessing financial risk and foreign trade Hedging Exam Questions and Answers 2023/2024 Foreign exchange risk - correct answer transaction risk Transaction risk - correct answer the risk that an exchange rate will change between the transaction date and the subsequent settlement date i.e. It is the gain or loss arising on conversion. What does transaction risk occur on - correct answer Imports and exports? Give an example of transaction risk on imports part 1 - correc...