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WorksheetsBESY1 mock recap
Total questions: 26
Worksheet time: 26mins
You have received some spreadsheets training from your manager since these are used every day in the finance department. Below are three tasks that your department uses spreadsheets for. Match the task to the relevant accountant in your department.
VAT return
Tax accountant
Extended trial balance
Financial accountant
Annual budget
Management accountant
You have recently attended a training course about planning your time and working effectively. You
would like to implement the use of planning aids in your team to address some recent challenges.
Which planning aid would you use to address the challenge below?
You need to arrange a meeting, but you do not know when your team are available.
Outlook calendar
Notepad
Calculator
Paint
Which planning aid would you use to address the challenge below?
You need to know when your colleagues will complete certain tasks, so that you can make time to review them.
Scheduler
Calculator
Dictionary
Timer
Which planning aid would you use to address the challenge below?
You sometimes lose track of activities that you need to do personally because you get distracted and forget about them.
To do list
Calendar wallpaper
Sticky notes on fridge
Voice recorder
You are part of a project team looking at the use of digital technologies to enable data collection,
data processing and dissemination of information. A number of opportunities have been identified.
Your marketing team can use social media to publicise a new product.
Dissemination of information
Data collection
Data processing
Data storage
You are part of a project team looking at the use of digital technologies to enable data collection,
data processing and dissemination of information. A number of opportunities have been identified.
Your plant and machinery can generate systems reports about production efficiency and when maintenance is due.
Data storage
Data processing
Dissemination of information
Data collection
You are part of a project team looking at the use of digital technologies to enable data collection,
data processing and dissemination of information. A number of opportunities have been identified.
Your accounting software can integrate with your online banking to automatically perform a bank reconciliation.
Data pcollection
Data processing
Dissemination of information
Data storage
You are part of a project team looking at the use of digital technologies to enable data collection,
data processing and dissemination of information. A number of opportunities have been identified.
Your management team can see a snapshot of how the business is performing on a dashboard.
Dissemination of information
Data collection
Data processing
Data storage
Match the following business types with their most likely source of finance.
Sole Trader
Private savings
Private limited company
Business loan
Public limited company
Shares sold on the Stock Exchange
Charity
Donations from the public
Identify which function of the business the following statement relates to.
Statement: The system needs to store employee bank details and pay slips.
Information Technology
Human Resources
Operations
Payroll
Identify which function of the business the following statement relates to.
Statement: The system needs to store the employee handbook and other important policy documents.
Human Resources
Information technology
Operations
Payroll
Identify which function of the business the following statement relates to.
Statement: The system needs to integrate with the other pieces of software used in the organisation.
Human Resources
Information technology
Operations
Payroll
Identify which function of the business the following statement relates to.
Statement: The system needs to track staff availability, including holiday and overtime.
Human Resources
Information technology
Operations
Payroll
Which TWO of the following statements are true?
The AAT code of ethics is rules-based, and we are legally obliged to follow it.
The AAT code of ethics is principles-based, giving us a framework to follow.
The AAT code of ethics provides guidance and illustrations on how to apply it in practice.
The AAT code of ethics provides instructions on how to apply it to all of the common problem situations.
Consideration is:
A promise of one party to do something
An expression of willingness to contract on a specific set of terms
Something done, promised or given in exchange for the action of the other party
Something of equal value to the value being exchanged by the other party
Alan goes into a shop to buy a newspaper.
At what stage is a contract formed?
Alan picks up the newspaper and takes it to the check-out
Alan is at the check-out and the cashier accepts the sale
Alan pays for the newspaper
Alan leaves the shop
Anita goes into a computer shop and selects a computer with a price tag of £275. She takes it to the cashier and prepares to pay for it. The cashier says that the price is a mistake and the price should be £575. Which of the following is correct?
The price tag was an offer and an offeror can change the price at any time in the contract process before payment is made
The price tag was an offer and Anita accepted it before the offer was revoked, so she only has to pay £275
The price tag was an invitation to treat and the cashier does not have to accept Anita’s offer
The price tag was an offer that the cashier revoked before consideration was exchanged
Which THREE of the following are equitable remedies?
Rescission
Reward of damages
Injunction
Specific performance
Leon is concerned that criminals could steal his mobile phone and access his business data. Which of the following measures would NOT help Leon address this specific risk?
Facial recognition technology
Virus protection software
Unique passwords
Authentication codes
Leon’s accounting software prepares a draft VAT return each quarter by pulling the relevant figures from the ledgers.
Leon then reviews any ‘flagged’ transactions, makes the necessary amendments and submits it to HMRC.
Which technological development is Leon making use of here?
Automation
Artificial intelligence
Select true or false to the statement below.
A fall in the value of GBP (£) means one pound buys more dollars.
This means the pound has appreciated in value and become stronger.
True
False
Select true or false to the statement below.
An increase in the value of GBP (£) means one pound buys more dollars.
This means the pound has appreciated in value and become stronger.
True
False
Select true or false to the statement below.
If the pound appreciates in value, imports will cost more.
True
False
Select true or false to the statement below.
Trading internationally can provide access to resources that may not be available in the home country.
True
False
Select true or false to the statement below.
Technological developments have contributed to the increase in international trading.
True
False
Match the following words or abbreviations with their descriptions:
A unique benefit exhibited by a company, service, product or brand that enables it to stand out
USP
A rivalry where two or more parties strive for a common goal which cannot be shared
Competitors
A group of countries that work together to provide special deals for trading
Trading bloc
The inability to predict the outcome from an activity due to a lack of information
Uncertainty
The possible variation in an outcome from what is expected to happen
Risk
