ICAEW ACA Accounting (ICAEW) case studies
ICAEW ACA Accounting · Put your knowledge to work in context.
The ICAEW ACA is the Institute of Chartered Accountants in England and Wales' chartered accountancy qualification, and Accounting is one of its Certificate Level modules. This page is an independent study resource for candidates preparing for that module; it is not affiliated with, endorsed by, or operated by ICAEW. The ICAEW ACA Accounting case studies are 5 cases and about 3,745 words.
1Merrow Supplies: Suspense Account and Corrected Profit
You are the assistant accountant at Merrow Supplies Ltd, a wholesale business with a 31 December year end. The draft trial balance at 31 December 2024 shows debit balances of £184,260 and credit balances of £185,070.
783 words, about 4 min2Arden and Blake: Admission of a Partner with Goodwill and Revaluation
Arden and Blake is a partnership sharing profits 3:2. On 1 October 2024 they admit Chloe as a partner.
726 words, about 4 min3Rowan Ford: Year-End Adjustments and Profit Measurement
Rowan Ford is a sole trader with a 31 December year end. Draft net profit for the year ended 31 December 2024 is £58,200.
590 words, about 3 min4Harlow Engineering: Statement of Cash Flows Classification
Harlow Engineering Ltd has a 31 December 2024 year end. Extracts show profit before tax £186,000, depreciation £42,000, gain on disposal of plant £9,000, interest expense £12,000, increase in inventories £14,000, decrease in trade receivables £7,000, decrease in trade payables £11,000, tax paid £38,000, interest paid £12,000, purchase of plant £95,000, proceeds from disposal £23,000, issue of ordinary shares £40,000, repayment of bank loan £25,000 and dividends paid £30,000.
787 words, about 4 min5Redwood Retail: Covenant Pressure and Ethical Reporting
You are the financial controller of Redwood Retail Ltd, a private company with a 31 December year end. A bank loan covenant requires a current ratio of at least 1.5 and gearing, measured as debt/(debt + equity), of no more than 40%.
859 words, about 4 min