Which of the following destroys the original offer and puts another in its place?
Which of the following terms can be defined as follows?
"...the generic way that organizations are run"
Which of the following types of board committee are recommended by the UK Corporate Governance Code?
(i) Nomination Committee
(ii) Audit Committee
(iii) Quality Assurance Committee
There are several different schools of ethics. Which of the following best represents the ethical approach adopted by the accountancy profession?
Advocacy threats to compliance with fundamental principles are described as threats that may occur
ABC Ltd has contracted with DEF Ltd. If ABC Ltd acts in breach of a warranty, which of the following is correct?
(i) DEF Ltd may terminate the contract and sue for damages.
(ii) DEF Ltd may sue for damages but may not terminate the contract.
(iii) DEF Ltd may ignore the breach and continue with the contract.
Which of the following would NOT violate the CIMA Code of Ethics fundamental principle of confidentiality?
You have been asked to be involved in negotiations for the potential acquisition of another company. It so happens that your spouse is on the board of directors of that company. This affects the CIMA Code of Ethics fundamental principle of:
Shiny Steel is a steel manufacturer keen on increasing short-term shareholder interest. It has a number of factories in the country, which all have to abide by the new legislation that states carbon emissions shouldn't
exceed a particular limit.
Baring this in mind, which of the following might give Shiny Steel the best chance of increasing short-term shareholder interest?
F knows from preparing the accounts that the company she works for is going to have to make redundancies due to the recession. She also knows that, despite the recession, the Managing Director continues to enjoy lavish perks and even uses a private jet. What should she do?
You are the manager of the finance function of a large engineering company According to IFAC's drivers of sustainable corporate success, which of the following would be a method by which you could improve the value of your department to the company?
Which of the following are listed among the IFAC's drivers for sustainable organisational success?
Select ALL that apply.
In furtherance of their duty to promote the success of the company under Section 172 of the Companies Act 2006, the directors are required to take account of amongst others, the company and its members, employees and suppliers.
Which of the following can enforce this duty against the directors?
Which of the following entitles the innocent party to cancel the contract?
(i) A breach of a warranty.
(ii) A breach of a condition.
(iii) An express term authorizing termination of the contract.
You work for an accountancy firm and discover that a member of an assurance team has a significant conflict of interest. You take CIMA's Code of Ethics with you when you alert your board of directors as to why this is an important issue, but the board decides that the conflict of interest is not important. This is an example of tension between:
