Answering Questions

  • Read each question carefully.
  • When you answer a question, your answer will automatically be saved.
  • You can revisit questions and change your answers at any time during the exam.
  • The only permitted characters for numerical answers are:
    • Numbers
    • One full stop as a decimal point if required
    • One minus symbol at the front of the figure if the answer is negative.

              For example: -10234.35

No other characters, including commas, are accepted.

Navigating between questions

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  • A message will be displayed when you click to move away from a question which has been partially attempted. You can choose to stay on the question and review your answer(s) or continue.
  • When reviewing your answer(s) for partially attempted questions ensure you read any message displayed in red text below the question in Section A or below the question
    part(s) in Section B

1. Which of the following is NOT true of entities in the charity sector?
2. Public sector entities have performance measures laid down by government, based on Key Performance Indicators. Which FOUR of the following are likely to be financial KPIs for a local council?
1. Interest cover
2. Financial actuals against budget
3. Rent receipts outstanding
4. Dividend cover
5. Return on capital employed
3. Although the objectives of not-for-profit entities are different from those of commercial entities, the accounting requirements of not-for-profit entities are moving closer to those entities to which IFRSs apply
Which of the following IFRS requirements would NOT be relevant to a not-for-profit entity?
4. Which TWO of the following statements about a not-for-profit entity are valid?

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