ACCA Quizzes, Questions & Answers

Similar to the AAIA, the Association of Chartered Certified Accountants (ACCA) is a global professional accounting body. It is actually one of the quickest growing accounting bodies in the world. Have you always desired to be a part of the ACCA? What do you know about the association and what it takes to get in? There’s only one way to find out! You need to take these quizzes now.

When was the ACCA founded? How many members does the ACCA have? How many students does the ACCA have? What does the term “chartered” refer to? True or false: Chartered Certified Accountant is a legally protected term. Where does the ACCA claim to work? How many qualifications does the ACCA offer? How do affiliates gain admission to full membership within the ACCA? Doing your homework before you begin your transition into the ACCA will make your membership process much easier.

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ACCA F4- English Law Exam Practice Test

ACCA F4- English Law Exam Practice Test Corporate and business law is one of the fun topics for an ACCA student to take. It gives them a view of the laws that govern the business industry. How much do you know about English...

Questions: 150 | Attempts: 537 | Last updated: Mar 21, 2023

Sample Question
A beneficiary may sue a trustee.

Hickman v Kent or Romney Marsh Sheepbreeders Association

Pender v Lushington

Keech v Sandford

Evans v Cross

ACCA F2: Management Accounting Test! Trivia Quiz

Enter your name and email address to take the Free MCQ Test on ACCA F2 / FIA FMA. Number of Questions: 15 questions Time Available: 36 mins Your score will be available instantly along with the correct answers to all...

Questions: 14 | Attempts: 3471 | Last updated: Mar 22, 2023

Sample Question
Which of the following statements are true? The main users of financial accouting information are external to the organisation. Cost accounting is that part of financial accounting which records the cash received and payments made by an organisation.

Statements 1 and 2

Only statement 1

Only statement 2

ACCA F2: Accounting For Labour Trivia Quiz

Enter your name and email address to take the Free MCQ Test on Accounting for Labour (ACCA F2 / FIA FMA). Number of Questions: 7 questions Time Available: 16 minutes Your score will be available instantly on an...

Questions: 7 | Attempts: 2299 | Last updated: Aug 20, 2023

Sample Question
An employee is paid on a piecework basis as follows: 1 to 500 units - $0.50 per unit 501 to 1000 units - $0.75 per unit 1001 to 1500 units - $1.00 per unit Only the additional units qualify for the higher rates, and rejected units do not qualify for payment. During one day an employee produced 1200 units of which 32 were rejected. How much did the employee earn for the day?

$825

$1200

$793

$1168

Investment Appraisal

ACCA F9 PAPER

Questions: 17 | Attempts: 985 | Last updated: Aug 19, 2023

Sample Question
A machine which cost $20,000 was sold after 5 years for $5,000 and by this time tax allowable depreciation of $17,000 had been claimed. Rate of tax is 30%. What is the cash flow arising as a result of tax implications on the sale of the machine?

$600 Inflow

$600 Outlow

C $2,000 Outflow

$2,000 Inflow

ACCA F4 - Agency Law Exam Practice Test

ACCA F4 - Agency Law Exam Practice Test Most relationships in the business environment are made through the use of agents. It is for this reason why there are some laws governing the agent and client relationship. Take...

Questions: 25 | Attempts: 2226 | Last updated: Mar 21, 2023

Sample Question
Contracts are made between the principal and the third party or directly with the agent.

True

False

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ACCA F5 Certification Exam: Trivia Quiz

Here we bring you an ACCA F5 Certification exam practice test. One of the basic skills needed, regardless of the type of business opened, is to do proper accounting for either reporting or record-keeping purposes. ACCA is a...

Questions: 45 | Attempts: 3578 | Last updated: Mar 22, 2023

Sample Question
The following costs have arisen in relation to the production of a product: (i) Planning and concept design costs (ii) Testing costs (iii) Production costs (iv) Distribution and customer service costs In calculating the life cycle costs of a product, which of the above items would be included?

(iii) only

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

(i), (ii) and (iv) only

All of the above

ACCA F2: Accounting For Materials Trivia Questions! Quiz

ACCA F2: Accounting for Materials Trivia Questions! Quiz

Enter your name and email address to take the Free MCQ Test on Accounting for Materials (ACCA F2 / FIA FMA). Number of Questions: 10 questions Time Available: 24 minutes Your score will be available instantly on an...

Questions: 10 | Attempts: 2451 | Last updated: Mar 21, 2023

Sample Question
The purchase price of an inventory item is $25 per unit. In each three month period the usage of the item is 20,000 units. The annual holding costs associated with one unit equate to 6% of its purchase price. The cost of placing an order for the item is $20. What is the economic order quanity for the inventory item to the nearest whole unit?

730

894

1,461

1,633

ACCA F6: Capital Allowances! Trivia Questions Quiz

Questions: 22 | Attempts: 520 | Last updated: Mar 22, 2023

Sample Question
Which of the following is not a plant and is considered as building?

Walls, floors, ceilings, doors, gates, shutters, windows and stairs

Mains services and systems of water, electricity and gas

Waste disposal, sewerage and drainage systems

Sound insulation provided mainly to meet the particular requirements of the trade

ACCA F6 Chapter 7

Test of ACCA F6 Taxation Chapter 7: Taxation (Computing Trading Income)

Questions: 16 | Attempts: 112 | Last updated: Feb 19, 2024

Sample Question
Profit from sale of 34,000,000 yards of aircraft linen will be considered as capital gains rather than Trade.

True

False

ACCA F6 Chapter 6

Quiz of Chapter 6 of ACCA F6 Taxation "Property Income".

Questions: 15 | Attempts: 111 | Last updated: Jan 24, 2024

Sample Question
In the income tax computation, property income is classified as _______.

Savings Income

Non-savings Income

Property Income

Dividend Income

ACCA F6 : Taxation And Pension Contributions! Trivia Quiz

ACCA F6 : Taxation and Pension Contributions! Trivia Quiz

MCQ quiz of Chapter 5 of ACCA F6 Taxation (Pension)

Questions: 14 | Attempts: 285 | Last updated: Mar 21, 2023

Sample Question
Two types of pension are Personal Pension and __________ Pension.

Job

Work

Occupational

Professional

ACCA F6 Chapter 4

This MCQ test is regarding the ACCA F6 Taxation paper of BPP Chapter 4 "Taxable and exempt benefits: The PAYE system".

Questions: 25 | Attempts: 116 | Last updated: Feb 9, 2024

Sample Question
Excluded employees are lower paid employees and not _____________ (with certain conditions).

Executives

Directors

Officers

Managers

ACCA F6 Chapter 3

From BPP study text, this is the quiz for ACCA Chapter 3 "Employment Income".

Questions: 15 | Attempts: 102 | Last updated: Jan 30, 2024

Sample Question
Contract for services is _______________.

Employment

Self-employment

ACCA F6: Can You Pass This Taxation Test? Trivia Quiz

ACCA F6: Can you pass this Taxation Test? Trivia Quiz

Questions: 11 | Attempts: 999 | Last updated: Mar 22, 2023

Sample Question
Which of the following is the aim of taxation to discourage:

Savings

Donation to Charity

Motoring

Investment in Plant & Machinery

ACCA F5: Ch 5 - Make Or Buy And Other Short-term Decisions

ACCA F5: Ch 5 - Make or buy and other short-term decisions

When it comes to production some of the input used can either be too expensive or affordable to make therefore leading to the decision of whether to buy or make. How good are you at analyzing the costs of these two and...

Questions: 23 | Attempts: 472 | Last updated: Mar 21, 2023

Sample Question
The three elements of relevant costs:

Cash flows

Future costs and revenues

Differential costs and revenues

Depreciation costs

Past costs and revenues

Limiting Factor Quiz Questions And Answers

A limiting factor is any factor that restricts a company or an organization's activities. Play this quiz on limiting factors containing questions and answers. Firms can be faced with deficits resulting from drawbacks in the...

Questions: 14 | Attempts: 415 | Last updated: Sep 4, 2023

Sample Question
Linear programming is used to:

Maximise contribution

Minimise costs

Minimise contribution

Maximise costs

ACCA F5 - Cost Volume Profit Analysis

Changes in the cost and volume of a product have an effect on the net income from an investment or production. Having a proper understanding on how these two increase or decrease profits can help put your business on the...

Questions: 5 | Attempts: 391 | Last updated: Mar 21, 2023

Sample Question
The following underlying assumptions will limit the precision and reliability of a given cost-volume-profit analysis.

The behaviour of total cost and total revenue has been reliably determined and is linear over the relevant range

All costs can be divided into fixed and variable elements

Total fixed costs remain constant over the relevant volume range of the CVP analysis

Total variable costs are directly proportional to volume over the relevant range

Selling prices are to be unchanged

Prices of the factors of production are to be unchanged (for example, material, prices, wage rates).

ACCA F4 Employment Law: Rights, Discipline And Dismissal! Trivia Quiz

ACCA F4 Employment Law: Rights, Discipline and Dismissal! Trivia Quiz

There are some laws that govern the type of relationship that exists between employees and their employers. As an accounting student, you should have a clear understanding of these laws when you go to the outside world....

Questions: 69 | Attempts: 211 | Last updated: Mar 19, 2023

Sample Question
An employee -

Works under a contract of service

Works under an contract for services

ACCA F4: Ch 1 - English Legal System

ACCA F4: CH 1 - English Legal System

The English legal system is made up of different courts. The decisions made by courts in any situation stand when a similar case is bought forward. How well do you the different courts that exist in England and...

Questions: 51 | Attempts: 1058 | Last updated: Feb 15, 2024

Sample Question
Which of the following relate to Criminal Law

Relates to conduct of which the State disapproves and which it seeks to control.

Purpose - the enforcement of particular forms of behaviour by the State, which acts to ensure compliance.

The case is brought by the State in the name of the Crown and will be reported as Regina v ..., where Regina means the latin for 'queen'.

Burden of proof – guilt must be shown beyond reasonable doubt (high standard of proof).

Object – to regulate society by the threat of punishment.

If found guilty the court will sentence the accused and it may fine him or impose a period of imprisonment. If innocent the accused will be acquitted.

ACCA Quizzes, Questions & Answers

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