ACCA Quizzes Online & Trivia

A comprehensive database of more than 24 ACCA quizzes online, test your knowledge with ACCA quiz questions. Our online ACCA trivia quizzes can be adapted to suit your requirements for taking some of the top ACCA quizzes.

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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  • 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?

  • A company had 80 direct production workers at the beginning of last year and 60 direct production workers at the end of last year. During the year a total of 45 employees had left the company.   The labour turnover rate for last year was:

  • Which of the following types of workers would be classified as indirect labour?

  • 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.

  • Data is information that has been processed in such a way as to be meaningful to its recipients.

  • The cost of producing information should be greater than the value of the benefits of that information to management.

  • 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?

  • A company always determines its order quantity for a raw material by using the EOQ model. What would be the effects on the EOQ and the total annual holding cost of a decrease in the cost of ordering a batch of raw material?

  • Sky Limited wishes to minimise its inventory costs. At the moment its reorder quantity is 1,000 units. Order costs are $10 per order and holding costs are $0.10 per unit per month. Sky limited estimates annual demand to be 15,000 units. What is the optimal reorder quantity (to the nearest 100 units)?

  • Which of the following is the aim of taxation to discourage:

  • Taxation is _____________ where the cost of collection of taxes is relatively lower as compared to the taxes.

  • A tax collected in the form of TV license fees of GBP 50 per year is an example of ______ tax.