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Preparation of Corporate Financial Statements · CAPE Accounting Unit 1

24 past-paper questions on Preparation of Corporate Financial Statements, part of Module 2: Preparation of Financial Statements, from every CAPE Accounting Unit 1 paper on Quelpr.

Practise Preparation of Corporate Financial Statements
  1. 3(a)(i)10 marks· CAPE Accounting Unit 1 · 2006 · Paper 2Prepare a multi-step income statement for CARICOM Company for the year ended December 31, 2005 in a form suitable for publication according to IAS requirements.
  2. 3(a)(ii)5 marks· CAPE Accounting Unit 1 · 2006 · Paper 2Prepare a statement showing the appropriation of the profits for the year ended December 31, 2005.
  3. 3(a)(iii)10 marks· CAPE Accounting Unit 1 · 2006 · Paper 2Prepare the shareholders' equity section of CARICOM Company's balance sheet as at December 31, 2005.
  4. 2(b)30 marks· CAPE Accounting Unit 1 · 2007 · Paper 2Prepare an income statement and a balance sheet for Marlene Henkle Inc (MHI) for the year ending December 31, 2006 using International Accounting Standards, based on the provided draft financial statements and…
  5. 235 marks· CAPE Accounting Unit 1 · 2008 · Paper 2Prepare a multiple-step income statement and classified balance sheet for Carnival Company for the year ending November 30, 2007, complying with International Accounting Standards.
  6. 2(a)11 marks· CAPE Accounting Unit 1 · 2009 · Paper 2Prepare an Income Statement for the year ending December 31, 2008 in compliance with International Accounting Standards.
  7. 2(b)24 marks· CAPE Accounting Unit 1 · 2009 · Paper 2Prepare a classified Balance Sheet as at December 31, 2008 in compliance with International Accounting Standards.
  8. 2(c)16 marks· CAPE Accounting Unit 1 · 2011 · Paper 2Prepare a multiple-step Income Statement, in good form, for the year ended December 31, 2010.
  9. 2(c)10 marks· CAPE Accounting Unit 1 · 2012 · Paper 2Prepare the Shareholder Equity section of Fancy Beachwear Inc at 31 December 2011.
  10. 335 marks· CAPE Accounting Unit 1 · 2012 · Paper 2Prepare the Income Statement and Balance Sheet for the Company for the year ended 30 June 2011 in accordance with International Accounting Standard 1 (IAS 1).
  11. 2(a)(i)14 marks· CAPE Accounting Unit 1 · 2013 · Paper 2Prepare a Multiple-Step Statement of Comprehensive Income (Income Statement) vertically in accordance with IAS 1 (Section 3 of IFRS for SMEs).
  12. 2(a)(ii)4 marks· CAPE Accounting Unit 1 · 2013 · Paper 2Prepare a Statement of Retained Earnings for K M Mart Limited for the year ended 31 December 2012.
  13. 2(e)15 marks· CAPE Accounting Unit 1 · 2014 · Paper 2Prepare a Multi-step Income Statement in accordance with IAS 1 (Section 5/6 of IFRS for SMEs), correcting the errors and applying the 25% tax rate.
  14. 2(c)(i)11 marks· CAPE Accounting Unit 1 · 2015 · Paper 2Prepare a Statement of Comprehensive Income for Point Dex Ltd for the year ended 31 May 2014.
  15. 2(c)(ii)a)3 marks· CAPE Accounting Unit 1 · 2015 · Paper 2Identify the figures to be included in current assets which would appear in the Statement of Financial Position as at 31 May 2014.
  16. 2(c)(ii)b)2 marks· CAPE Accounting Unit 1 · 2015 · Paper 2Identify the figures to be included in current liabilities which would appear in the Statement of Financial Position as at 31 May 2014.
  17. 3(c)10 marks· CAPE Accounting Unit 1 · 2016 · Paper 2Prepare a partial balance sheet for Manning Corporation showing the proper presentation and classification (current vs. long-term) of the liabilities at 31 December 2015, including appropriate note disclosure.
  18. 2(b)(iv)13 marks· CAPE Accounting Unit 1 · 2017 · Paper 2Prepare the statement of comprehensive income for the year to 31 December 2016 for Audrey Cosmetics Ltd in accordance with International Financial Reporting Standards as far as the information permits.
  19. 2(b)(i)4 marks· CAPE Accounting Unit 1 · 2018 · Paper 2Calculate the revised profit for the year ended 31 December 2016.
  20. 2(b)(ii)2 marks· CAPE Accounting Unit 1 · 2018 · Paper 2Prepare a Statement of Retained Earnings for the year ended 31 December 2016.
  21. 2(b)(iii)19 marks· CAPE Accounting Unit 1 · 2018 · Paper 2Prepare the Statement of Financial Position for D & G Construction Company Ltd as at 31 December 2016, submitting all workings showing the make-up of the figures.
  22. 2(b)(v)2 marks· CAPE Accounting Unit 1 · 2018 · Paper 2Briefly state the purpose of a 'Statement of Financial Position'.
  23. 2(a)16 marks· CAPE Accounting Unit 1 · 2019 · Paper 2Prepare a multi-step statement of comprehensive income for Cutting Ltd in accordance with IAS 1 and IFRS for SMEs.
  24. 2(d)(ii)9 marks· CAPE Accounting Unit 1 · 2021 · Paper 2Prepare the opening balance sheet of the new company, Advanced Marketing Inc., as at 1 January 2021.

Related topics in Module 2: Preparation of Financial Statements