Economic Risk
UNIVERSITY OF ESSEX
SECOND YEAR EXAMINATION 2011
___________________________________________________________________________
BE110 FINANCIAL REPORTING AND ANALYSIS
___________________________________________________________________________
Time allowed: 3 hours
The paper consists of EIGHT questions.
FOUR in Section A
FOUR in Section B
Candidates must answer FOUR questions.
At least TWO questions from Section A
At least ONE question from Section B
All questions carry equal weight.
Candidates are permitted to bring into the examination room:
Calculators (hand held, containing no textual information)
Please do not leave your seat unless you are given permission by an invigilator.
Do not communicate in any way with any other candidate in the examination room.
Do not open the question paper until told to do so.
All answers must be written in the answer book(s) provided.
All rough work must be written in the answer book(s) provided. A line should be drawn through any rough work to indicate to the examiner that it is not part of the work to be marked.
At the end of the examination, remain seated until your answer book(s) have been collected and you have been told you may leave.
SECTION A – Candidates must answer at least two questions
QUESTION 1:
Maytix Limited purchases an item of equipment for £1m in August 2006. The expected useful life of the asset is 10 years, and Maytix applies straight-line depreciation to all plant and equipment, charging a full year’s depreciation on all assets held at the year-end (31 March). Capital Allowances can be claimed on the equipment at 25% pa on the reducing balance method, and a full year’s allowance against taxable profits of an accounting year can be claimed on any equipment purchased during that year.
Rates of Corporation Tax applicable to Maytix are:
YE 31 March 2007 CT Rate of 31%
YE 31 March 2008 CT Rate of 30%
YE 31 March 2009 CT Rate
SECOND YEAR EXAMINATION 2011
___________________________________________________________________________
BE110 FINANCIAL REPORTING AND ANALYSIS
___________________________________________________________________________
Time allowed: 3 hours
The paper consists of EIGHT questions.
FOUR in Section A
FOUR in Section B
Candidates must answer FOUR questions.
At least TWO questions from Section A
At least ONE question from Section B
All questions carry equal weight.
Candidates are permitted to bring into the examination room:
Calculators (hand held, containing no textual information)
Please do not leave your seat unless you are given permission by an invigilator.
Do not communicate in any way with any other candidate in the examination room.
Do not open the question paper until told to do so.
All answers must be written in the answer book(s) provided.
All rough work must be written in the answer book(s) provided. A line should be drawn through any rough work to indicate to the examiner that it is not part of the work to be marked.
At the end of the examination, remain seated until your answer book(s) have been collected and you have been told you may leave.
SECTION A – Candidates must answer at least two questions
QUESTION 1:
Maytix Limited purchases an item of equipment for £1m in August 2006. The expected useful life of the asset is 10 years, and Maytix applies straight-line depreciation to all plant and equipment, charging a full year’s depreciation on all assets held at the year-end (31 March). Capital Allowances can be claimed on the equipment at 25% pa on the reducing balance method, and a full year’s allowance against taxable profits of an accounting year can be claimed on any equipment purchased during that year.
Rates of Corporation Tax applicable to Maytix are:
YE 31 March 2007 CT Rate of 31%
YE 31 March 2008 CT Rate of 30%
YE 31 March 2009 CT Rate