F1 (BT) – Chapter 10 MCQ’s (The role of accounting) – ACCA

This is ACCA F1 (BT/FBT) Business and Technology multiple-choice questions (MCQs).

These multiple-choice questions (MCQs) are designed to help ACCA F1 students to better understand the exam format. We aim to instill in students the habit of practicing online for their CBE exams. By doing so, students can reduce exam stress and prepare more effectively.

Please note:

  • Students should not attempt these MCQs until they have finished the entire chapter.
  • All questions are compulsory, so please do not skip any.

We hope that these MCQs will be a valuable resource for students preparing for the ACCA F1 (BT/FBT) exam.


Course: ACCA
Fundamental Level: Knowledge, FIA
Subject: Business And Technology
Paper: F1 – BT/FBT
Chapter: The role of accounting
Chapter Number: 10 of the Practice and Exam Kit; and 14 and 15 of the Study Text
Syllabus Area: C – Accounting and reporting systems, technology, compliance and controls
Questions Type: MCQs
Exam Section: Section A

Number of the Questions

There are 27 Questions in this Online F1 MCQ Test that cover Chapter 10, The role of accounting of ACCA F1 (BT/FBT) Business and Technology Module.


These MCQs are not time-bound. Take your time and solve them without stress. Pay proper attention and focus. Do not rush or hesitate.


Students will get their F1 CBE MCQs Test results after they finish the entire test. They will also be able to see the correct and incorrect answers, as well as explanations for the incorrect questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all answers that seem correct or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)”.
Dropdown: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

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F1 - Chapter 10 - Part C Test - MCQs and MTQs

1 / 27

Gordon works in the accounts department of a retail business. He and his colleagues are looking at the sales figures for various types of clothing. The director asks them to use exception reporting to summarise their findings.

Which of the following correctly defines the concept of 'exception reporting' within a business context?

2 / 27

Legally binding rules relating to the disclosure and presentation of financial statements are set down in which of the following?

3 / 27

Which of the following is NOT part of the regulatory system?

4 / 27

A ....................................... is a program which deals with one particular part of a computerised business accounting system.

Which of the following terms correctly completes this definition?

5 / 27

Which of the following is an aim of the control system relating to accounts payable and purchases?

6 / 27

Which of the following statements about data security is NOT true?

7 / 27

All of the following, except one, are tasks that can be performed by spreadsheet software. Which is the exception?

8 / 27

International Financial Reporting Standards are issued by which of the following organisations?

9 / 27

To whom should the internal audit department of an organisation report?

10 / 27

What element of a database system is represented by the question mark in the above diagram?

11 / 27

Three of the following are outputs of a payroll system, and one is an input to the system. Which is the input?

12 / 27

Which of the following statements, in the context of computerised accounting systems, is NOT true?

13 / 27

All of the following, with one exception, are areas in which an integrated accounting software package has advantages compared to a series of separate (stand-alone) dedicated programs. Which is the exception?

14 / 27

There is a need for co-ordinated information flow between sections and departments in accounting management. To which of the following should the receivables ledger section give information about overdue debts?

15 / 27

Which function in an organisation is responsible for ensuring that only properly authorised purchases which are necessary for the business are made?

16 / 27

All the following statements, except one, describe the relationship between data and information.

Which is the exception?

17 / 27

All the following, with one exception, are examples of advantages of a computer-based accounting system over a manual system. Which statement is the exception?

18 / 27

Which of the following user groups of financial and accounting information are likely to need, and have access to, this information most?

19 / 27

A small company's computer system comprises five desktop personal computers located in separate offices linked together in an intranet within the same building. The computers are not connected to the Internet and employees are not allowed to take storage media into or out of the building. Information which the business' owner wishes to keep confidential to herself is stored in one of the computers.

Which of the following statements can be concluded from this information?

20 / 27

Which of the following does company law require a statement of financial position to give?

21 / 27

Office Automation Systems are designed mainly to increase the ....................................... of data and information workers.

Which word correctly completes this sentence.

22 / 27

Joseph has just started his first job in an accountancy department. A qualified senior member of staff explains to him what the main aim of accounting is.

Which of the following options is the correct aim of accounting?

23 / 27

In a typical finance function, preparation of budgets and budgetary control would usually be the responsibility of which of the following roles?

24 / 27

Which of the following statements about accounting information is NOT correct?

25 / 27

All the following statements, except one, are examples of the advantages that a computer-based accounting system used by a management accountant has over a manual system.

Which statement is the exception?

26 / 27

The preparation and filing of accounts by limited companies each year is required by which of the following?

27 / 27

....................................... Systems pool data from internal and external sources and make information available to senior managers, for strategic, unstructured decision-making.

Which word or phrase correctly completes this sentence?

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