【摘要】 即将参加ACCA考试的考生们，考试即将到来，大家的备考工作进行得如何了？考必过为大家精心整理了2015年ACCA考试模拟强化练习题(3)，希望能够助力ACCA考试，相信坚持一定会有成果。那么，同学们一起快来做题吧！关于2015年ACCA考试模拟强化练习题(3)的具体内容如下：
Required：
(a) Prepare a consolidated statement of financial position as at 31 May 2009 for the Bravado Group. (35 marks)
(b) Calculate and explain the impact on the calculation of goodwill if the non-controlling interest was calculated on a proportionate basis for Message and Mixted. (8 marks)
(c) Discuss the view of the directors that there is no problem with showing a loan to a director as cash and cash equivalents， taking into account their ethical and other responsibilities as directors of the company. (5 marks)
Professional marks will be awarded in part (c) for clarity and expression of your discussion. (2 marks)
2 The directors of Aron，a public limited company，are worried about the challenging market conditions which the company is facing. The markets are volatile and illiquid. The central government is injecting liquidity into the economy. The directors are concerned about the significant shift towards the use of fair values in financial statements. IAS 39‘Financial Instruments：recognition and measurement’defines fair value and requires the initial measurement of financial instruments to be at fair value. The directors are uncertain of the relevance of fair value measurements in these current market conditions.
Required：
(a)Briefly discuss how the fair value of financial instruments is determined，commenting on the relevance of fair value measurements for financial instruments where markets are volatile and illiquid. (4 marks)
(b)Further they would like advice on accounting for the following transactions within the financial statements for the year ended 31 May 2009：
(i) Aron issued one million convertible bonds on 1 June 2006. The bonds had a term of three years and were issued with a total fair value of $100 million which is also the par value. Interest is paid annually in arrears at a rate of 6% per annum and bonds，without the conversion option，attracted an interest rate of 9% per annum on 1 June 2006. The company incurred issue costs of $1 million. If the investor did not convert to shares they would have been redeemed at par. At maturity all of the bonds were converted into 25 million ordinary shares of $1 of Aron. No bonds could be converted before that date. The directors are uncertain how the bonds should have been accounted for up to the date of the conversion on 31 May 2009 and have been told that the impact of the issue costs is to increase the effective interest rate to 9·38%. (6 marks)
(ii)Aron held 3% holding of the shares in Smart，a public limited company. The investment was classified as available-for-sale and at 31 May 2009 was fair valued at $5 million. The cumulative gain recognised in equity relating to the available-for-sale investment was $400，000. On the same day，the whole of the share capital of Smart was acquired by Given，a public limited company，and as a result，Aron received shares in Given with a fair value of $5·5 million in exchange for its holding in Smart. The company wishes to know how the exchange of shares in Smart for the shares in Given should be accounted for in its financial records. (4 marks)
(iii)The functional and presentation currency of Aron is the dollar ($).Aron has a wholly owned foreign subsidiary，Gao，whose functional currency is the zloti. Gao owns a debt instrument which is held for trading. In Gao’s financial statements for the year ended 31 May 2008，the debt instrument was carried at its fair value of 10 million zloti.
At 31 May 2009，the fair value of the debt instrument had increased to 12 million zloti. The exchange rates were：
Zloti to $1
31 May 2008 3
31 May 2009 2
Average rate for year to 31 May 2009 2·5a
Carpart，a public limited company，is a vehicle part manufacturer，and sells vehicles purchased from the manufacturer. Carpart has entered into supply arrangements for the supply of car seats to two local companies， Vehiclex and Autoseat.
(i)Vehiclex
This contract will last for five years and Carpart will manufacture seats to a certain specification which will require the construction of machinery for the purpose. The price of each car seat has been agreed so that it includes an amount to cover the cost of constructing the machinery but there is no commitment to a minimum order of seats to guarantee the recovery of the costs of constructing the machinery. Carpart retains the ownership of the machinery and wishes to recognise part of the revenue from the contract in its current financial statements to cover the cost of the machinery which will be constructed over the next year. (4 marks)
(ii)Autoseat
Autoseat is purchasing car seats from Carpart. The contract is to last for three years and Carpart is to design， develop and manufacture the car seats. Carpart will construct machinery for this purpose but the machinery is so specific that it cannot be used on other contracts. Carpart maintains the machinery but the know-how has been granted royalty free to Autoseat. The price of each car seat includes a fixed price to cover the cost of the machinery. If Autoseat decides not to purchase a minimum number of seats to cover the cost of the machinery，then Autoseat has to repay Carpart for the cost of the machinery including any interest incurred.
Autoseat can purchase the machinery at any time in order to safeguard against the cessation of production by Carpart. The purchase price would be the cost of the machinery not yet recovered by Carpart. The machinery has a life of three years and the seats are only sold to Autoseat who sets the levels of production for a period. Autoseat can perform a pre-delivery inspection on each seat and can reject defective seats. (9 marks)
(iii)Vehicle sales
Carpart sells vehicles on a contract for their market price (approximately $20，000 each)at a mark-up of 25% on cost. The expected life of each vehicle is five years. After four years，the car is repurchased by Carpart at 20% of its original selling price. This price is expected to be significantly less than its fair value. The car must be maintained and serviced by the customer in accordance with certain guidelines and must be in good condition if Carpart is to repurchase the vehicle.
The same vehicles are also sold with an option that can be exercised by the buyer two years after sale. Under this option，the customer has the right to ask Carpart to repurchase the vehicle for 70% of its original purchase price. It is thought that the buyers will exercise the option. At the end of two years，the fair value of the vehicle is expected to be 55% of the original purchase price. If the option is not exercised，then the buyer keeps the vehicle.
Carpart also uses some of its vehicles for demonstration purposes. These vehicles are normally used for this purpose for an eighteen-month period. After this period，the vehicles are sold at a reduced price based upon their condition and mileage. (10 marks)
Professional marks will be awarded in question 3 for clarity and quality of discussion. (2 marks)
Required：
Discuss how the above transactions would be accounted for under International Financial Reporting Standards in the financial statements of Carpart.
Note. The mark allocation is shown against each of the arrangements above.
(25 marks)
以上就是考必过为大家整理的2015年ACCA考试模拟强化练习题(3)的具体内容。没有特别幸运，那么请先特别努力，别因为懒惰而失败，还矫情地将原因归于自己倒霉。你必须特别努力，才能显得毫不费力。最后，考必过预祝大家在未来的ACCA考试中能够取得优异的成绩！