Accounting Exam Paper
Marker Code Code Marker
Student Personal Identification Number (SPIN)
South Pacific Form Seven Certificate
ACCOUNTING
2004
QUESTION and ANSWER BOOKLET
Time allowed: Three hours
INSTRUCTIONS
Write your Student Personal Identification Number (SPIN) on the top right hand corner of this booklet and on the fold-out flap on the last page. Answer ALL QUESTIONS. Write your answers in the spaces provided in this booklet. If you need more spaces for answers, ask the Supervisor for extra paper. Write your SPIN on all extra sheets used and clearly number the questions. Attach the extra sheets at the appropriate places in this booklet. Time 27 mins. 45 mins. 18 mins. 50 mins. 40 mins.
Question One Question Two Question Three Question Four Question Five
Conceptual Basis Processing Accounting Systems Accounting Reports Decision making Total
15 25 10 28 22
marks marks marks marks marks
100 marks
Check that this booklet contains pages 2-29 in the correct order and that none of these pages is blank.
YOU MUST HAND THIS BOOKLET TO THE SUPERVISOR AT THE END OF THE EXAMINATION.
TOTAL MARKS
100
2
QUESTION ONE: CONCEPTUAL BASIS
PART A
(15 marks)
(5 marks)
Uptown Limited is a Reporting Entity. The Financial Statements for the year ended 31 December 2003 are included in the company’s Annual Report and presented to the shareholders at the Annual General Meeting. Financial Statements contribute to the objectives of General Purpose Financial Reporting. Answer the following questions related to the Financial Statements of the company: (1) Name ONE objective of General Purpose Financial Reporting as stated in the Statement of Concepts.
(1 mark) (2) Give the purpose of the Statement of Accounting Policies as it contributes to the objectives of General Purpose Financial Reporting.
(1 mark) (3) Give the purpose of the Statement of Financial Performance as it contributes to the objectives of General Purpose Financial Reporting.
(1
Student Personal Identification Number (SPIN)
South Pacific Form Seven Certificate
ACCOUNTING
2004
QUESTION and ANSWER BOOKLET
Time allowed: Three hours
INSTRUCTIONS
Write your Student Personal Identification Number (SPIN) on the top right hand corner of this booklet and on the fold-out flap on the last page. Answer ALL QUESTIONS. Write your answers in the spaces provided in this booklet. If you need more spaces for answers, ask the Supervisor for extra paper. Write your SPIN on all extra sheets used and clearly number the questions. Attach the extra sheets at the appropriate places in this booklet. Time 27 mins. 45 mins. 18 mins. 50 mins. 40 mins.
Question One Question Two Question Three Question Four Question Five
Conceptual Basis Processing Accounting Systems Accounting Reports Decision making Total
15 25 10 28 22
marks marks marks marks marks
100 marks
Check that this booklet contains pages 2-29 in the correct order and that none of these pages is blank.
YOU MUST HAND THIS BOOKLET TO THE SUPERVISOR AT THE END OF THE EXAMINATION.
TOTAL MARKS
100
2
QUESTION ONE: CONCEPTUAL BASIS
PART A
(15 marks)
(5 marks)
Uptown Limited is a Reporting Entity. The Financial Statements for the year ended 31 December 2003 are included in the company’s Annual Report and presented to the shareholders at the Annual General Meeting. Financial Statements contribute to the objectives of General Purpose Financial Reporting. Answer the following questions related to the Financial Statements of the company: (1) Name ONE objective of General Purpose Financial Reporting as stated in the Statement of Concepts.
(1 mark) (2) Give the purpose of the Statement of Accounting Policies as it contributes to the objectives of General Purpose Financial Reporting.
(1 mark) (3) Give the purpose of the Statement of Financial Performance as it contributes to the objectives of General Purpose Financial Reporting.
(1