The Examiner's Answers – F1 - Financial Operations May 2011

Page 1

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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
The Examiner's Answers – F1 - Financial Operations May 2011 by Chartered Institute of Management Accountants - Issuu