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Level 4 Synoptic Flashcards | StudBud
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Level 4 Synoptic
Level 4 Synoptic
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Written for AAT PDSY Level 4 synoptic
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
Which of the following are not a type of analytics?
Diagnostic
Objective
Predictive
Descriptive
2
Which internal control is best to monitor costs on a regular basis?
Ratio Analysis on the financial statements
Regular reconciliations
Internal Audit
Variance Analysis
3
The T in SWOT analysis stands for?
Trusts
Treats
Technology
Threats
4
Which of the following is not an indicator of fraud?
Autocratic Management
High Staff Turnover
Staff taking holidays
Staff working long hours
5
Corporate Social Responsibility is
Legal Requirement
Voluntary
6
The risk of fraud is often graded on the grounds of?
Internal Audit weaknesses X Inherent Risk Factor
Sensitivity and Materiality
Probability and Impact
Domestic Crime statistics
7
What fraud involves the allocation of one customer's payment to another customer's account to make the books balance?
Skimming
Teeming and Lading
Vouching
Rabbit Hole
8
Which of these is not an example of payroll fraud?
Bushtooking
Sick Leave Fraud
Fictitious Employees
Clock Card Fraud
9
The Financial Statements of a Limited Company are prepared for?
The Tax Authorities
The Stakeholders of the Company
The Shareholders of the Company
The Directors of the Company
10
The document which regulates the inner workings of a company is called?
The Rozencratz Principles
The Memorandum of Association
The Articles of Association
The Charter of International Accounting Standards
11
justifying and approving all expenses for each accounting period, rather than basing it on your past spending is?
Incremental Budgeting
Zero Based Budgeting
Flexible Budgeting
Driver Based Budgeting
12
The two E's in Pestle Stand for?
Ethical and Economic
Economic and Education
Environmental and Economic
Environmental and Ethical
13
Which of the following criteria would you not use to grade fraud risk?
Past Occurences
Impact
Algorithms
Materiality
14
Charging the highest initial price that customers will pay and then lowering it over time is known as?
Ch
Target Costing
Penetration Pricing
Cost plus pricing
Skimming
15
Which of these is not a type of Cyber crime?
Hacking
Viruses and Malware
Phishing
Scamming
16
Which of the following is not a systemic weakness in the accounting system?
Lack of Leadership
Lack of internal controls
Poor TV reception
Lack of monitoring
17
C.S.R. stands for?
Corporate Social Report
Corporate Social Requirement
Corporate Social Register
Corporate Social Responsibility
18
what would you use to assess whether internal control processes are operating effectively?
SWOT analysis
Pestle Analysis
Internal Audit
External Audit
19
A budget which is
continually updated to add a new budget period as the most recent budget period is completed is?
driver based budget
Incremental Budget
Zero based budget
Rolling budget
20
The L in PESTLE analysis stands for?
Lunar
Legislative
Legal
Law
