F1 (BT) – Chapter 12 MCQ’s (Identifying and preventing fraud) – ACCA

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F1-BT-Chap-12-Identifying-and-preventing-fraud

These are ACCA F1 (BT/FBT) Business and Technology MCQs for Chapter; Identifying and preventing fraud.

These MCQs are designed in a way that students could better understand the exam format and get used to practice online. This approach will reduce exam stress and enable students to prepare better.

We request the students, Not to solve the MCQs until they have finished the entire chapter “Identifying and preventing fraud”.

All the questions are compulsory, so do not skip any.

INFORMATION ABOUT THESE MCQs Test

Course: ACCA
Fundamental Level: Knowledge, FIA
Subject: Business And Technology
Paper: F1 – BT
Chapter: Identifying and preventing fraud
Chapter Number: 12 of the Practice and Exam Kit; and 19 of the Study Text
Syllabus Area: C – Accounting and reporting systems, technology, compliance and controls
Questions Type: MCQs
Exam Section: Section A

Number of the Questions

These MCQs Test consist of 16 Questions that covers the Chapter; Identifying and preventing fraud of ACCA F1 (BT) Business and Technology Module.

Time

These MCQs have a deadline. Students have to finish the Test within the given time period so Students can get used to finishing the Exam in time.

As in ACCA Exam, there are 1.8 minutes per mark. So each 2 marks question have 3.6 minutes to complete.

This Test includes some MCQs that worth 2 marks and some worth 1 Mark. We therefore giving an average time to complete the Test.

This Test has 16 questions, so Students have total 32 minutes to complete the Test.

Result

Students can see their result at the end of the test. Further, the correct and wrong questions. Moreover, the explanation of wrong questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those answers which seems to you correct/ or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)“.
Drop down: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.





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F1 - Chapter 12 - Part C Test - MCQs and MTQs

1 / 16

Which of the following internal controls might be least effective in preventing fraud, if staff are in collusion with customers?

2 / 16

X plc has a bad debt policy whereby aged receivables who are obviously not going to pay, are written off. The financial accountant does not enforce this policy.

This might be fraudulent insofar as it creates which of the following effects?

3 / 16

Which of the following statements about fraud prevention is NOT true?

4 / 16

Only allowing purchasing staff to choose suppliers from an approved list is an example of what sort of fraud prevention measure?

5 / 16

The initial disposal of the proceeds of an illegal activity into apparently legitimate business activity is known as what?

6 / 16

In a limited company, or plc, it is the ultimate responsibility of the ................... to take reasonable steps to prevent and detect fraud.

Which word or phrase correctly completes this statement?

7 / 16

Dishonesty is a .................... to act in ways which contravene accepted ethical, social, organisational or legal norms for fair and honest dealing.

Which word correctly completes this statement?

8 / 16

Which of the following would most clearly present a personnel risk of fraud?

9 / 16

Which of the following activities create vulnerability to fraud?

(i) Calculating payslips
(ii) Preparing delivery notes
(iii) Paying supplier invoices
(iv) Meeting budgets and performance targets

10 / 16

All of the following, except one, are potential impacts on a business of removal of significant funds or assets. Which is the exception?

11 / 16

Which of the following is NOT a key risk area for computer fraud?

12 / 16

Which of the following would NOT form part of a fraud response plan?

13 / 16

All of the following, with one exception, are internal factors which might increase the risk profile of a business. Which is the exception?

14 / 16

. . . . . . .  . . . constitutes any financial transactions whose purpose is to conceal the origins of the proceeds of criminal activity. Which word(s) completes the sentence?

15 / 16

Which TWO of the following stakeholders will be most directly affected if a business overstates its financial position?

16 / 16

What is the term given to a method of fraud in the accounts receivable area, by which cash or cheque receipts are stolen, and the theft concealed by setting subsequent receipts against the outstanding debt?

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