The Examiner's Answers – F1 - Financial Operations Some of the answers that follow are fuller and more comprehensive than would be expected from a well-prepared candidate. They have been written in this way to aid teaching, study and revision for tutors and candidates alike.
SECTION A Answer to Question One 1.1
C
1.2
B
1.3
Under the OECD model an entity will have residence in the country of its effective management.
1.4
Cost Excise duty VAT 15% Duty VAT
$15 $3 $18 $2.7 $3 $2.7 $5.7 x 2,000 = 11,400
Answer = D
1.5
C
1.6
A
1.7
D
Financial Operations
1
May 2011