ACCA/CAT

为了帮助考生系统的复习ACCA考试课程全面的了解2011年ACCA考试的相关重点，小编特汇总了ACCA历年考题，希望对您参加本次考试有所帮助！！

Section A-This ONE question is compulsory and MUST be attempted

1 Later that month,the company announced that following an internal investigation,there would be further restatements,all dramatically downwards,for the years 2006 and 2007.This caused another mass selling of ZPT shares resulting in a fi nal share value the following day of $1.This represented a loss of shareholder value of $12 billion from the peak share price.Clive Xu resigned and the government regulator for business ordered an investigation into what had happened at ZPT.The shares were suspended by the stock exchange.A month later,having failed to gain protection from its creditors in the courts,ZPT was declared bankrupt.Nothing was paid out to shareholders whilst suppliers received a fraction of the amounts due to them.Some non-current assets were acquired by competitors but all of ZPT's 54,000 employees lost their jobs,mostly with little or no termination payment.Because the ZPT employees'pension fund was not protected from creditors,the value of that was also severely reduced to pay debts which meant that employees with many years of service would have a greatly reduced pension to rely on in old age.ced to pay debts which meant that employees with many years of service would have a greatly reduced pension to rely on in old age.ced to pay debts which meant that employees with many years of service would have a greatly reduced pension to rely on in old age.ced to pay debts which meant that employees with many years of service would have a greatly reduced pension to rely on in old age.

The government investigation found that ZPT had been maintaining false accounting records for several years.This was done by developing an overly-complicated company structure that contained a network of international branches and a business model that was diffi cult to understand.Whereas ZPT had begun as a simple telecommunications company,Clive Xu had increased the complexity of the company so that he could'hide'losses and mis-report profi ts.In the company's reporting,he also substantially overestimated the value of future customer supply contracts.The investigation also found a number of signifi cant internal control defi ciencies including no effective management oversight of the external reporting process and a disregard of the relevant accounting standards.

In addition to Mr Xu,several other directors were complicit in the activities although Shazia Lo,a senior qualifi ed accountant working for the fi nancial director,had been unhappy about the situation for some time.She had approached the fi nance director with her concerns but having failed to get the answers she felt she needed,had threatened to tell the press that future customer supply contract values had been intentionally and materially overstated(the change in fair value would have had a profi t impact).When her threat came to the attention of the board,she was intimidated in the hope that she would keep quiet.She fi nally accepted a large personal bonus in exchange for her silence in late 2008.

相关文章：

2010年12月ACCA考试：真题大汇总

编辑推荐：

了解更多关于2011年ACCA/CAT的考试

2011年ACCA/CAT最新考试动态

2011年ACCA/CAT 在线模拟考试 

2011年ACCA/CAT考试 报考指南

（责任编辑：）

共2页,当前第1页  第一页  前一页  下一页