F3 (FA/FFA) – Chapter 28 – PART H – CBE MCQs – ACCA

These are ACCA F3 (FA/FFA) Financial Accounting MCQs for Part-H of the Syllabus “Interpretation of financial statements”.

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 learned and finished the entire F3 (FA/FFA) Financial Accounting Chapter 28 – Interpretation of financial statements and Syllabus Area Part-H “Interpretation of financial statements”.

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

INFORMATION ABOUT THESE CBE MCQs Test/Quiz

Course: ACCA – Associations of Chartered Certified Accountants
Fundamental Level: Knowledge, FIA – Foundation in Accounting
Subject: Financial Accounting
Paper: F3 – MA/FMA
Chapter: Interpretation of financial statements
Chapter Number: 28 of the Practice and Exam Kit
Syllabus Area: H – “Interpretation of financial statements”
Questions Type: CBE MCQs
Exam Section Type: Section A

Syllabus Area

These Multiple Choice Questions (MCQs) cover the Syllabus Area Part H of the Syllabus; “Interpretation of financial statements” of ACCA F3 (FA/FFA) Financial Accounting Module.

Time

These multiple-choice questions (MCQs) are not timed, allowing students to solve them without feeling any pressure and to pay proper attention to the questions.

Result

Students can see their result at the end of the Quiz. They can also be able to see the number of 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 seem correct/ or incorrect to you, 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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F3 - Chapter 28 - Part A - MCQs

Course: ACCA - FIA
Subject: F3 (FA/FFA) Financial Accounting
Syllabus Area: H - Interpretation of financial statements
Chapter in Kit: 28 - Interpretation of financial statements
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit

INSTRUCTIONS

  1. If you are using mobile, turn on the mobile rotation and solve the MCQs on wide screen for better experience.

REQUEST

  1. Please rate the quiz and give us feedback once you completed the quiz.
  2. Share with ACCA students on social media such as, Facebook Groups, Whatsapp, Telegram, etc.

1 / 11

A business operates on a gross profit margin of 331/ %. Gross profit on a sale was $800, and expenses were $680.

What is the net profit margin?

2 / 11

A company's gross profit as a percentage of sales increased from 24% in the year ended 31 December 20X1 to 27% in the year ended 31 December 20X2.

Which of the following events is most likely to have caused the increase?

3 / 11

A company has the following details extracted from its statement of financial position:

28.10 F3 (FA/FFA) - Chapter 28 - PART H - CBE MCQs - ACCA Business Students Platform

The industry the company operates in has a current ratio norm of 1.8. Companies who manage liquidity well in this industry have a current ratio lower than the norm.

Which of the following statements accurately describes the company's liquidity position?

4 / 11

From the following information regarding the year to 31 August 20X6, what is the accounts payable payment period? You should calculate the ratio using purchases as the denominator.

28.4 F3 (FA/FFA) - Chapter 28 - PART H - CBE MCQs - ACCA Business Students Platform

5 / 11

Which one of the following would help a company with high gearing to reduce its gearing ratio?

6 / 11

Quality Co is analysing its financial performance. An extract from its draft statement of financial position at 31 March 20X8 is set out below.

28.5 to 28.7 F3 (FA/FFA) - Chapter 28 - PART H - CBE MCQs - ACCA Business Students Platform

Note. The bank overdraft first occurred on 30 September 20X7.

In the analysis of the financial and liquidity position of Quality Co, its gearing, current and quick ratios are calculated.

What would be the Quick Ratio of Quality Co.?

7 / 11

Quality Co is analysing its financial performance. An extract from its draft statement of financial position at 31 March 20X8 is set out below.

28.5 to 28.7 F3 (FA/FFA) - Chapter 28 - PART H - CBE MCQs - ACCA Business Students Platform

Note. The bank overdraft first occurred on 30 September 20X7.

In the analysis of the financial and liquidity position of Quality Co, its gearing, current and quick ratios are calculated.

What would be the Current Ratio of Quality Co.?

8 / 11

Which of the following is a ratio which is used to measure how much a business owes in relation to its size?

9 / 11

Why is analysis of financial statements carried out?

10 / 11

Which of the following transactions would result in an increase in capital employed?

11 / 11

Quality Co is analysing its financial performance. An extract from its draft statement of financial position at 31 March 20X8 is set out below.

28.5 to 28.7 F3 (FA/FFA) - Chapter 28 - PART H - CBE MCQs - ACCA Business Students Platform

Note. The bank overdraft first occurred on 30 September 20X7.

In the analysis of the financial and liquidity position of Quality Co, its gearing, current and quick ratios are calculated.

What would be the Gearing of Quality Co.?

You should calculate gearing using the capital employed (debt + equity) as the denominator.

Your score is

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