ZAI Quiz – Based on ACCA MA2: Managing Costs and FinanceTotal Questions: 10 | Multiple Choice | One Correct Answer Each 1. Which of the following is a fixed cost?A. Direct materialsB. Production supervisor salaryC. Power used by machinesD. Sales commission 2. What is meant by ‘contribution’ in cost accounting?A. Sales revenue minus overheadsB. Profit […]
Author: president
ZAI Quiz : ACCA Foundations – FA2, Quiz 1
This is a ZAI Quiz based on ACCA FA2 – Maintaining Financial Records. The quiz consists of 10 multiple-choice questions. Each question has four options, and the correct answers are listed at the bottom. 📘 ZAI Quiz – ACCA FA2: Maintaining Financial Records 1. Which book of prime entry is used to record credit purchases […]
ZAI Quiz : ACCA Foundations – MA1, Quiz 1
This is a ZAI Quiz based on ACCA MA1: Management Information with 10 multiple-choice questions. Each question has 4 answer options. Answers are provided at the end. ZAI Quiz: ACCA MA1 – Management Information 1. What is the main purpose of management information?A. To file tax returnsB. To ensure compliance with IFRSC. To assist in […]
ZAI Quiz : ACCA Foundations – FA1, Quiz 1
This ZAI Quiz based on ACCA FA1 – Recording Financial Transactions. It contains 10 multiple-choice questions, each with four options. The correct answers are provided at the end. ZAI Quiz: ACCA FA1 – Recording Financial Transactions 1. What is the main purpose of a trial balance? A. To record all business transactionsB. To prepare the […]
ZAI Committee – May 2025 Update
Dear ZAI Family, May has been a landmark month for ZAI – filled with growth, innovation, and real impact. ZAI MAY 2025 ACHIEVEMENTS – ANOTHER POWERFUL MONTH OF GROWTH! Here’s what we accomplished together: ⸻ 1. Community Growth & Engagement • ZAI WhatsApp Groups surpassed 1,800 members, up from 1,700 in April – a 6% […]
IFRS 18 replacing IAS 1
IFRS 18 is a new accounting standard issued by the International Accounting Standards Board (IASB) in April 2024, replacing IAS 1 Presentation of Financial Statements. It becomes effective from 1 January 2027, with earlier adoption permitted. IFRS – New IFRS Accounting Standard will aid investor analysis of companies’ financial performance Key Improvements in IFRS 18
Become a ZAI Premium Member!
Welcome to ZAI! We are encouraging all of you to be ZAI Members. In UK, our Premium Membership scheme for £5 per month or £60 per calendar year. In Zim, our Premium Membership scheme for $1 per month or $12 per calendar year. If you are interested to be a member, please; 1) Read terms […]
ZAI Committee – Apr 2025 Update
ZAI April 2025 Achievements – Celebrating Progress Together! Dear ZAI Family, April 2025 has been an incredible month of growth, milestones, and new beginnings! Here’s what we have achieved together: ⸻ 1. Membership & Community Growth • ZAI UK and Worldwide WhatsApp Groups have surpassed 1,700 members! • ZAI Worldwide WhatsApp Group now proudly hosts […]
ZAI Committee – Mar 2025 Update
Celebrating ZAI’s Milestones – March 2025 Highlights! 🎉 We’ve made significant strides in our mission to empower, connect, and inspire—thanks to your unwavering support: March 2025 Highlights 🌟 ✔ Content & Growth: Successfully set up and launched ZAI Blogs, providing a platform for insightful discussions. ✔ Financial Vision: We developed the ZAI DCF […]
ZAI Committee – Feb 2025 Update
Celebrating ZAI’s Incredible February 2025 Milestones! 🎉 What an extraordinary month February 2025 has been for all of us at ZAI! From inspiring conversations to groundbreaking community growth, we’ve achieved so much together. 🌟 1. Community Connections – Our Friday Chats kicked off powerfully with Rodney’s insightful discussion on Mental Health, setting the tone […]