Acca P1
P1
Professional Accountant
ACCA
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ProfessionAl ACCountAnt
British library Cataloguing-in-Publication Data A catalogue record for this book is available from the British library Published by interActive World Wide limited Westgate House, 8-9 Holborn london eC1n 2ll www.iaww.com www.studyinteractive.org isBn-978 -1-907217-25-8 first edition 2009 Printed in romania
© 2009 interActive World Wide limited. london school of Business & finance and the lsBf logo are trademarks or registered trademarks of london school of Business & finance (uK) limited in the uK and in other countries and are used under license. All used brand names or typeface names are trademarks or registered trademarks of their respective holders. We are grateful to the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CiMA) and the institute of Chartered Accountants of england and Wales (iCAeW) for their permission to reproduce past examination questions. All the solutions to these questions have been prepared by interactiveWorld Wide limited. All our rights reserved. no part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of interActive World Wide.
London School of Business Finance shaping success in business and finance
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FOrEWOrd
Foreword
Thank you for choosing to study with the London School of Business and Finance. A dynamic, quality-oriented and innovative educational institution, the London School of Business and Finance offers specialised programmes, designed with students and employers in mind. We are always at the frontline, driving the latest professional developments and trends. LSBF attracts the highest-quality candidates from over 140 countries worldwide. We work in
Professional Accountant
ACCA
P1cover.indd 1 11/11/09 16:36:30
ProfessionAl ACCountAnt
British library Cataloguing-in-Publication Data A catalogue record for this book is available from the British library Published by interActive World Wide limited Westgate House, 8-9 Holborn london eC1n 2ll www.iaww.com www.studyinteractive.org isBn-978 -1-907217-25-8 first edition 2009 Printed in romania
© 2009 interActive World Wide limited. london school of Business & finance and the lsBf logo are trademarks or registered trademarks of london school of Business & finance (uK) limited in the uK and in other countries and are used under license. All used brand names or typeface names are trademarks or registered trademarks of their respective holders. We are grateful to the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Management Accountants (CiMA) and the institute of Chartered Accountants of england and Wales (iCAeW) for their permission to reproduce past examination questions. All the solutions to these questions have been prepared by interactiveWorld Wide limited. All our rights reserved. no part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of interActive World Wide.
London School of Business Finance shaping success in business and finance
P1cover.indd 2
11/11/09 16:36:31
FOrEWOrd
Foreword
Thank you for choosing to study with the London School of Business and Finance. A dynamic, quality-oriented and innovative educational institution, the London School of Business and Finance offers specialised programmes, designed with students and employers in mind. We are always at the frontline, driving the latest professional developments and trends. LSBF attracts the highest-quality candidates from over 140 countries worldwide. We work in