Which of the following is an ethical dilemma?

• A.A company must decide whether to settle a claim from an employee who appears to have fabricated a workplace injury. The company want to avoid the cost of defending the claim.
• B.A company is considering giving poorly-paid staff a generous pay rise.
• C.A company is deciding whether to issue debt or equity.
• D.A company is deciding whether to make a substantial bonus payment to its directors by means of cash or shares.

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In terms of Cyber Security, which THREE of the following represent Personally Identifiable Information (Pll)?

• A.Football team affiliation
• B.Sports club membership number
• C.Model of first car.
• D.Position held in a charity.
• E.Old phone number
• F.First pet's name

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P Ltd manufactures and sells electrical goods through retail outlets.
N is P Ltd's Sales Director. He has been recently promoted from a senior sales position with P Ltd. He has been forced to spend the first six months as Sales Director on dealing with an administrative mess left behind by the previous sales director.
You are a Senior Management Accountant at P Ltd. You have worked with N for many years.
N has worked hard and has made many changes that have brought significant benefit to the business.
N has asked you to postpone the recording of some purchase invoices so that he will meet his quarterly targets on profit margin.
What should you do?

• A.Write up the facts of the issue and put it on your files.
• B.Document the situation and present the facts to your manager.
• C.Collect all the facts, distance yourself from the situation but say nothing.
• D.Do nothing, no rules have been broken, tell N that you cannot do as he asks and that he needs to abide by the professional codes.

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Company M has lost 25% of its revenue in the last three months due to bad debts. One of the receivables written off was from a long standing customer and the other three were from new customers. The management accountant has warned the sales team that the company cannot survive any more substantial bad debts.
Which of the following internal controls should be put in place to try and prevent further bad debts?

• A.A credit check should be carried out on each new customer.
• B.Credit limits should be set for all customers. However, if the credit limit will cost a sale then sales staff can override this limit.
• C.An aged analysis of customer balances must be reviewed every month.
• D.As soon as a customer payment is overdue they should not be allowed to purchase more until their balance has been reduced.
• E.Two sales staff must authorise new customers and sign a form stating that they have done so.

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Having carried out a full capital appraisal for a construction project, H Company has approved the project with initial outflows of $6,000,000 and a net present value of $1,200,000.
The implementation phase has been commenced with 25% of the costs already committed. However when the ground was opened, an underground waterway was revealed which will need to be diverted if the project is to proceed. Work to carry out this diversion has been estimated at $1,300,000.
Which of the following factors will define whether the project should go ahead or not?

• A.Abandoning the project will have an adverse effect on shareholder confidence.
• B.There may be other unexpected costs to be met if the project continues.
• C.The project now has a negative NPV.
• D.The project actually has a higher NPV than before.
• E.There will be abandonment costs to restore the site.

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