CAT accounting quiz

PUBLISHED : Saturday, 03 February, 2007, 12:00am
UPDATED : Saturday, 03 February, 2007, 12:00am

E-mail the answers with your name, contact number, name of school and level of study/business position to no later than 5pm, Wednesday, February 7. The winners will be notified.Cost Accounting

If a firm maintains a stock control database, which of the following is most likely to occur when suppliers cannot deliver goods on time?

A Customer demand will rise accordingly B Customer orders will not be met C Stock levels will become too high D Deliveries from suppliers will be lower

Which of the following methods of remuneration is not an incentive-based scheme?

A Straight piecework B Day rate C Group bonus D Differential piecework

Please highlight three major challenges now facing the accounting profession.

Answer, in English, in about 50 words.

There is no right or wrong answer.

Last week's answer

1. D; 2. B.

Last week's winner

May Chua


First prize Certified accounting technician (CAT) initial registration fee plus first year annual subscription fee (worth about HK$800) and an ACCA USB memory stick (256MB) Second and third ACCA USB memory stick (256MB) 10 merits ACCA souvenirs

All entries will be judged by ACCA Hong Kong. The judges' decision is final.